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29
28
9. SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Short-term borrowings at March 31, 2008 and 2007 consist of the following:
Thousands of
Millions of yen U.S. dollars
March 31 2008 2007 2008
Loans, principally from banks, including bank
overdrafts, with weighted-average interest rate of
2.68% at March 31, 2008 and 4.37% at March 31, 2007:
Secured ¥29 ¥— $290
Unsecured 113,529 53,532 1,135,290
Commercial paper with weighted-average interest rate of
0.69% at March 31, 2008 132,000 —1,320,000
Euro yen medium-term notes of a subsidiary, with
weighted-average interest rate of 0.97% at March 31,
2008 and 0.60% at March 31, 2007 12,273 14,945 122,730
Euro Hong Kong dollar medium-term note of a subsidiary,
with interest rate of 5.00% at March 31, 2007 —3,149 —
¥257,831 ¥71,626 $2,578,310
Substantially all of the short-term borrowings are with banks which have written basic agreements with the Company to the
effect that, with respect to all present or future loans with such banks, the Company shall provide collateral (including sums
on deposit with such banks) or guarantors immediately upon the bank’s request and that any collateral furnished pursuant to
such agreements or otherwise will be applicable to all indebtedness to such banks.
At March 31, 2008, the Company had unused committed lines of credit from short-term financing arrangements aggregat-
ing ¥347,219 million ($3,472,190 thousand), of which ¥10,019 million ($100,190 thousand) was in support of the Company’s
commercial paper. The lines of credit expire on various dates from April 2008 through March 2009. Under the agreements,
the Company is required to pay commitment fees ranging from 0.080 percent to 0.550 percent on the unused portion of the
lines of credit.
Long-term debt at March 31, 2008 and 2007 consist of the following:
Thousands of
Millions of yen U.S. dollars
March 31 2008 2007 2008
Loans, principally from banks and insurance companies,
due 2008 to 2029 with weighted-average interest rate
of 1.29% at March 31, 2008 and due 2007 to 2029 with
weighted-average interest rate of 1.18% at March 31, 2007:
Secured ¥4,268 ¥5,102 $42,680
Unsecured 532,352 525,815 5,323,520
Unsecured yen bonds, due 2008 to 2016 with interest
ranging from 1.08% to 2.300% at March 31, 2008 and due
2007 to 2016 with interest ranging from 1.08% to
3.025% at March 31, 2007 213,307 290,934 2,133,070
Zero Coupon Convertible Bonds with stock acquisition rights:
Due 2009 convertible currently at ¥587 per share 41,430 50,000 414,300
Due 2011 convertible currently at ¥542 per share 95,310 100,000 953,100
Euro yen medium-term notes, due 2008 with interest
rate of 2.34% at March 31, 2008 and due 2007 to
2008 with interest ranging from 0.78% to 2.34% at March 31, 2007 1,000 3,000 10,000
Euro yen medium-term notes of subsidiaries, due 2008 to
2015 with interest ranging from 0.77% to 2.60% at
March 31, 2008 and due 2007 to 2015 with interest
ranging from 0.61% to 2.60% at March 31, 2007 58,881 69,301 588,810
Euro medium-term note of a subsidiary, due 2008 with
interest rate of 4.41% at March 31, 2008 7,938 —79,380
Capital lease obligations 48,646 42,707 486,460
1,003,132 1,086,859 10,031,320
Less-Portion due within one year (262,422) (130,703) (2,624,220)
¥740,710 ¥956,156 $7,407,100