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36 CASIO COMPUTER CO., LTD.
8. Short-term Loans Payable and Long-term Debt
Short-term loans payable represent unsecured bank loans and its average interest rates were 1.0% and 1.3% per annum at March
31, 2009 and 2008, respectively.
Bonds and long-term loans payable at March 31, 2009 and 2008 consisted of:
Millions of Yen
Thousands of
U.S. Dollars
2009 2008 2009
1.42% unsecured bonds due in 2009 ................................................................ ¥ — ¥10,000 $ —
Euro-yen convertible bonds with stock warrants due in 2015* ........................... 50,000 —510,204
1.32% unsecured bonds due in 2014 ................................................................ 10,000 —102,041
Unsecured loans principally from banks at interest rates of
1.16% to 1.83% maturing through 2012 ........................................................ 20,950 37,450 213,775
Total ............................................................................................................. 80,950 47,450 826,020
Less amount due within one year ....................................................................... 10,500 26,500 107,143
¥70,450 ¥20,950 $718,877
* Details of issuances of share subscription rights attached to bonds (“warrants”):
Type of shares involved: ordinary shares of common stock
Price of warrant: gratis
Share issue price: ¥1,952 ($19.92)
Total issue amount: ¥50,000 million ($510,204 thousand)
Total value of new shares issued upon exercise of warrants: —
Warrant-linked: 100%
Period of exercise of warrants: July 3, 2008 to March 17, 2015
Upon request to exercise warrants in question, payments usually required for the issuance of the corresponding number of shares shall be exempted
as the issuer of bonds in question, in return, will be automatically exempted from obligation of redemption of the bonds in lump-sum.
Exercise of warrants in question shall be regarded as eligible request for exercise of share subscription rights.
The annual maturities of bonds and long-term loans payable at March 31, 2009 were as follows:
Year ending March 31 Millions of Yen
Thousands of
U.S. Dollars
2010........................................................................................................................................... ¥10,500 $107,143
2011........................................................................................................................................... 450 4,592
2012........................................................................................................................................... 10,000 102,041
2013........................................................................................................................................... — —
2014........................................................................................................................................... 10,000 102,041
Thereafter ................................................................................................................................... 50,000 510,204
The annual maturities of lease obligation at March 31, 2009 were as follows:
Year ending March 31 Millions of Yen
Thousands of
U.S. Dollars
2010........................................................................................................................................... ¥2,849 $29,071
2011........................................................................................................................................... 1,567 15,990
2012........................................................................................................................................... 496 5,061
2013........................................................................................................................................... 424 4,327
2014........................................................................................................................................... 218 2,224
Thereafter ................................................................................................................................... 248 2,531
The line of credit with the main financial institutions agreed as of March 31, 2009 and 2008 was as follows:
Millions of Yen
Thousands of
U.S. Dollars
2009 2008 2009
Line of credit ...................................................................................................... ¥63,510 ¥57,580 $648,061
Unused .............................................................................................................. 63,510 57,580 648,061
Notes to Consolidated Financial Statements Years ended March 31, 2009 and 2008 Casio Computer Co., Ltd. and Subsidiaries