Management Business and Leasing Business Overview
1. Management Strategy
1-4. Management Strategy III
Maintaining financial strength to support future growth
Interest-bearing debt, off-balance-sheet debt, and D/E ratio at fiscal year-end
(Billions of yen)
2,000
Interest-bearing debt¹ (LHS)
2.22
2.00
Off-balance-sheet debt² (LHS)
D/E ratio³ (RHS)
1,500
1,397.2
1.86
1,321.5
1,279.0
1,258.4
1,199.2
1,000
500
1.40
1.33
1,820.0
1,733.5
1,746.7
1,740.0
1,550.4
1.60
1.77
1.73
1.71
(Times)
2.50
2.00
1.50
1.00
421.0
399.0
410.0
381.0
342.0
0.50
246.0
215.0
193.0
95.0
0.00
0
As of
3/2003
3/2004
3/2005
3/2006
3/2007
3/2008
3/2009
3/2010
3/2011
3/2012 (E)
1: Interest-bearing debt: the sum of short-term debt, commercial paper, bonds redeemable within one year, corporate bonds and long-term debt
2: Off-balance-sheet debt the debt associated with SPCs that is within the Company's scope of responsibility
3: D/E ratio: Interest-bearing debt / shareholders' equity
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