(As of August 31, 2017)
Feb. 2015 
Aug. 2015 
Feb. 2016 
Aug. 2016 
Feb. 2017 
Aug. 2017 


Total interestbearing debt (million yen)  237,905  244,850  256,950  269,117  295,917  286,517 
LTV(based on total assets) (%)^{（note2）}  47.1  46.0  46.1  45.5  46.3  43.6 
Fixedinterest debt ratio (%)^{（note3）}  90.8  91.0  91.4  89.3  82.9  94.0 
Duration of Interestbearing debt (year)^{（note4）}  3.7  4.4  4.2  4.4  3.8  4.2 
Average interest rate on fund procurement (%)^{（note5）}  1.13  1.03  0.98  0.87  0.80  0.84 
Average Financing Cost（％）^{（note6）}  1.38  1.31  1.20  1.09  1.03  1.01 
Debt Outstanding by Repayment Term
（million yen）
Debts outstanding by repayment term (million yen)^{（note7）}
(As of August 31, 2017)
Feb. 2018 
Aug. 2018 
Feb. 2019 
Aug. 2019 
Feb. 2020 
Aug. 2020 
Feb. 2021 
Aug. 2021 
Feb. 2022 
Aug. 2022 

22,050  17,500  15,260  17,900  18,530  17,100  15,000  14,390  18,040  21,930 
Feb. 2023 
Aug. 2023 
Feb. 2024 
Aug. 2024 
Feb. 2025 
Aug. 2025 
Feb. 2026 
Aug. 2026 
Feb. 2027 
Aug. 2027 
14,500  17,250  13,800  13,770  10,000  16,500  3,000  5,597  3,000  10,000 
(note1)  All figures for Interestbearing debt is rounded down to the nearest whole number. 

(note2)  LTV (based on total assets) is calculated by dividing outstanding interestbearing debt as of each period by total assets as of the same time. The figure is rounded to the nearest first decimal place. 
(note3)  "Fixedinterest debt ratio" is obtained by dividing Fixedinterest debts outstanding (including interestbearing debts which were ratefixed through interest rate swap) as of each period by interestbearing debts outstanding as of the same period. Figures are rounded to the first decimal place. 
(note4)  "Duration of Interestbearing debt" is based on the weighted average of the remaining period from the specified point of each interestbearing debt to its repayment date or maturity date based on the balance of outstanding interestbearing debt as of the specified point. Figures are rounded to the first decimal place. 
(note5)  "Average interest rate on fund procurement" represents the weightedaverage interest rate(annual rate) at the end of each period. Figures are rounded to the second decimal place. With regard to the average interest rate on the portion of borrowings for which the company concluded interestrate swap agreements to hedge against interest rate fiuctuation risk, the company used weightedaverage interest rates adjusted for the effect of relevant interestrate swaps. 
(note6)  “Average financing cost” is the annualized figure calculated by dividing “the sum of interest expenses, interest on investment corporation bonds, financing related expenses (excluding early repayment related expenses and commitment line agreement related expense) and depreciation of investment corporation bonds issuance costs,” in the statements of income, by “the average outstanding total interestbearing debt” of the period, and is rounded to the nearest second decimal place. 
(note7)  "Debts outstanding by repayment term" indicates the distribution of OJR's interestbearing debt that will become due at the end of each fiscal period listed above as of August 31, 2017 and is rounded down to the nearest whole number. 