Pioneer 2016 Annual Report Download - page 39

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Years ending March 31 Millions of Yen
Thousands of
U.S. Dollars
2017 ¥ 971 $ 8,593
2018 10,475 92,699
2019 222 1,965
2020 – –
2021 15,000 132,744
2022 and thereafter – –
Total ¥26,668 $236,001
Under specific conditions, the convertible bonds outstanding at March 31, 2016, are convertible into 32,895
thousand shares of common stock of the Company from December 25, 2015 to December 11, 2020 at ¥456 ($4.04)
per share.
The conversion prices of the convertible bonds are subject to adjustments in certain circumstances.
Annual maturities of long-term debt and long-term capital lease obligation as of March 31, 2016, and for the next
five years and thereafter were as follows:
Long-term debt amounting to ¥10,000 million
($88,496 thousand) as of March 31, 2016, was
borrowed by the Company in accordance with the
syndicated loan agreement entered into with the
banks on September 25, 2014. This agreement
includes certain financial covenants which require
the Company to maintain certain levels of equity on
a consolidated and nonconsolidated basis.
The current portion of long-term debt amounting
to ¥6,367 million as of March 31, 2015, was borrowed
by the Company in accordance with the syndicated
loan agreement entered into with the banks on March
27, 2015. This agreement includes certain financial
covenants which require the Company to maintain
certain levels of equity on a consolidated and noncon-
solidated basis and certain levels of operating income
on a consolidated basis.
In addition, long-term debt amounting to ¥10,000
million as of March 31, 2015, was borrowed by the
Company in accordance with the syndicated loan
agreement entered into with the banks on September
25, 2014. This agreement includes certain financial
covenants which require the Company to maintain
certain levels of equity on a consolidated and non-
consolidated basis.
As of March 31, 2016 and 2015, the following assets were pledged as collateral for short-term borrowings and
long-term debt of the Group:
Millions of Yen
Thousands of
U.S. Dollars
2016 2015 2016
Land ¥ 4,614 ¥10,594 $ 40,832
Building and structures 5,395 13,184 47,743
Investment securities 2,090 2,090 18,496
Total ¥12,099 ¥25,868 $107,071
37
Pioneer Corporation Annual Report 2016