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37
11. SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Short-term borrowings at March 31, 2011 and 2010 consist of the following:
Millions of yen
Thousands of
U.S. dollars
March 31 2011 2010 2011
Loans, principally from banks, including bank
overdrafts, with weighted-average interest rate of
1.99% at March 31, 2011 and 2.38% at March 31, 2010:
Secured ¥ — ¥ 708 $ —
Unsecured 25,348 31,259 305,398
Commercial paper with weighted-average interest rate of
0.19% at March 31, 2011 and 0.12% at March 31, 2010 127,000 15,000 1,530,120
Euro yen medium-term notes of a subsidiary, with
weighted-average interest rate of 0.27% at March 31, 2010 —4,380 —
¥ 152,348 ¥ 51,347 $ 1,835,518
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, 2011, the Group had unused committed lines of credit from short-term financing arrangements
aggregating ¥352,495 million ($4,246,928 thousand), of which ¥2,495 million ($30,060 thousand) was in support of the
Group’s commercial paper. The lines of credit expire on various dates from April 2011 through March 2012. Under the
agreements, the Group is required to pay commitment fees ranging from 0.040 percent to 0.250 percent on the unused
portion of the lines of credit.
Long-term debt at March 31, 2011 and 2010 consist of the following:
Millions of yen
Thousands of
U.S. dollars
March 31 2011 2010 2011
Loans, principally from banks and insurance companies,
due 2011 to 2029 with weighted-average interest rate
of 1.52% at March 31, 2011 and due 2010 to 2029 with
weighted-average interest rate of 1.34% at March 31, 2010:
Secured ¥ — ¥ — $ —
Unsecured 293,885 595,581 3,540,783
Unsecured yen bonds, due 2013 to 2020 with interest
ranging from 0.89% to 2.20% at March 31, 2011 and due
2010 to 2016 with interest ranging from 1.05% to
2.20% at March 31, 2010 310,000 240,000 3,734,940
Interest deferrable and early redeemable subordinated bonds:
Due 2069 with interest rate of 7.50% at March 31, 2011 180,000 180,000 2,168,675
Zero Coupon Convertible Bonds with stock acquisition rights:
Due 2011 convertible at ¥542 per share at March 31, 2011 95,010 95,010 1,144,699
Euro yen medium-term notes of subsidiaries, due 2011
with interest rate of 1.31% at March 31, 2011
and due 2011 to 2014 with interest
ranging from 1.31% to 1.67% at March 31, 2010 502 992 6,048
Capital lease obligations 49,561 55,372 597,121
928,958 1,166,955 11,192,266
Less-Portion due within one year (159,414) (206,017) (1,920,651)
¥ 769,544 ¥ 960,938 $ 9,271,615