Investor Presentaiton
Establishing a Solid Financial Base
Work to "extend average remaining maturity" and promote "diversification of financing sources and methods"
Plans to make early repayment of ¥1.5 billion in short-term loans, borrowed in September 2017, on December
27, 2017 to shift to long-term loans. In accordance with it, aim to "extend average remaining maturity" of debt
Stable Financial Operations
End of 8th period
(January 31, 2017)
End of 9th period
(July 31, 2017)
After new debt financing (Note 1)
(as of September 30, 2017)
Credit Rating
Japan Credit Rating Agency, Ltd.
Long-term issuer rating
/EON
AA- (Stable)
イオンリート
LTV (Note2)
(including tenants'
deposits)
46.4%
46.7%
45.0%
Ratio of long-term
debt(Note3)
98.7%
99.0%
98.0%
Ratio of fixed-rate
debt
96.5%
92.9%
91.9%
4.3 year
Average remaining
maturity
4.7 year
4.4 year
Average interest rate
0.84%
on debt
0.79%
0.79%
Number of lenders
17
19
19
(Note 1) LTV = (Total interest-bearing debt after new debt financing + Tenant leasehold and security
deposits) Total assets at end of 9th period
(Note 2) LTV is estimated including all units of third party allotment.
(Note 3) Of the loans borrowed on October 20, 2016, ¥1.5 billion is classified as current portion of
long-term loans payable for accounting purposes but is recorded as short-term loans payable in
the above figures.
Diversification of Lenders Achieved
■Mizuho Bank
18.7%
■Sumitomo Mitsui Banking
16.2%
SUmitomo Mitsui Trust Bank
13.7%
■Bank of Tokyo-Mitsubishi UFJ
11.1%
Norinchukin Bank
6.3%
Mizuho Trust & Banking
6.4%
■Mitsubishi UFJ Trust and Banking
5.8%
■Resona Bank
2.7%
■ AEON BANK
3.1%
■Development Bank of Japan
3.1%
■Hyakugo Bank
2.5%
Hiroshima Bank
2.3%
■Mie Bank
■ 77 Bank
1.1%
1.3%
■Chiba Bank
0.2%
■Nippon Life Insurance
0.7%
■Meiji Yasuda Life Insurance
0.9%
The Daisan Bank
0.3%
Shinsei Bank
0.9%
Investment corporation bonds
2.7%
Plans to make early repayment of ¥1.5 billion in short-term loans
borrowed in September 2017 to shift to long-term loans on December
27, 2017.
14View entire presentation