Hello, everyone. I’m Zenji Koike. I’m CEO of Fukuoka Realty. Thank you verymuch for tuning in to the performance overview of Fukuoka REIT Corporation forthe 39th fiscal period, which is from September 1st last year to the end of
February this year.

01

Let’s take a look at the executive summary on page 1. I’d like to begin with DPU
at the bottom of the page. The dividend payout for the 39th fiscal period was
3,807 yen per unit, beating our own expectations by 52 yen. By the way, this is
the largest dividend payout that we have made to our unit holders on a sixmonths basis to date and even surpassing a previous high recorded six months
ago. And it is in large part due to a rise in rent revenue from Canal City Hakata
following the recovery in the inbound tourism consumption and the stronger-thanexpected sales at a premier general sporting goods store, Alpen Fukuoka, which
was open last September.
As you can see this graph, we expect to pay 3,600 yen per unit for the 40th fiscal
period even though we anticipate no gain on sale of a property. For the 41st
fiscal period, we still expect to pay the same amount, 3,600 yen per unit despite
the loss of rent revenue from Marinoa City Fukuoka, of which we announced thedisposition of our ownership share of its buildings in a press release back in
February. For this, as I said previously, our dividend target is set at 3,600 yen
excluding the effect of a gain on sale. We expect to achieve this target for the
40th fiscal period. And we are committed to doing everything we can to raise
dividend for our unit holders so that we continue to be a stable dividend payer.
Next, please take a look at the upper left part of the page for internal growth. I
mentioned earlier that the recovery in sales was very strong at Canal City
Hakata, our main retail property, up 25.4 percent from a year earlier, thanks inlarge part to the new store opening. The other active retail, grocery and generalmerchandise stores continue to deliver stable sales numbers as well. I’m goingto share with you more details about what’s been done for Canal City Hakata

2later on. Our office buildings were 96.8 percent occupied as of the end of the 39th
fiscal period. When it comes to Other Assets, and here I’m talking about our
residential properties, Axion Befu-Ekimae Premium, which is a newly built
apartment, achieved full occupancy in April this year, just twelve months after theacquisition. And this is exactly as we expected.
When it comes to external growth, the acquisition of Hakata FD Business Center,a newly built office building, was completed on September 1st, which is the
beginning of the 39th fiscal period. I will give you more details on this property
later, but let me just point out that its current occupancy rate is at 88.4 percent
including contract already signed. There are a lot of inquiries for the remaining
space, and we hope that this property will achieve full occupancy rather quickly.
With respect to our financial management, as you can see, we remain steadfast toensure the stability of our financial structure. Total interest-bearing debt stood at
about 96.4 billion yen at the end of the 39th fiscal period. We will continue tomitigate refinancing risks through the diversification of repayment dates and othermeans. Cash management helped us make some repayments of our loans andthus bring down our LTV below the 45 percent level, which we consider to benormal. We will also consider ways to mitigate the risk of higher funding costs,
which is due to rising interest rates, by borrowing longer term and/or rebalancing
the fixed and floating rates.
Last but not least, let me talk about our sustainability initiatives. As for external
certification, another building in our portfolio got a DBJ Green Building certificationand two more buildings received CASBEE certification in the past fiscal period.
And that means that 84.6 percent of our properties are now certified as “Green
Buildings,” as of the end of February this year.
And this is a quick overview of the executive summary.

2Now let’s go to the next page to discuss more details about the dividend we paid
for the past fiscal period, the 39th period, and I will also explain factors that form
the basis of our dividend forecast for the 40th and 41st fiscal periods. The DPU
for the 39th fiscal period was a record high 3,807 yen thanks to an increase inrent revenue from Canal City Hakata, which was driven by the opening of Alpen
Fukuoka, and our efforts to cutback on repair expenses, despite the drop in thegain on the sale of a property, that is, the disposition of Kurume Higashi
Kushiwara Shopping Center, in the 38th fiscal period.
Now, when you compare the DPU for the 39th fiscal period with our own
expectations, we beat our own expectations by 52 yen per unit. The rent revenue
from Canal City Hakata increased following the stronger-than-expected recovery
in inbound tourism consumption and impact of the opening of Alpen Fukuoka.
But we had weaker-than-expected rent revenue from Hakata FD Business Center
because we had made a decision not to change the existing free-rent accounting
method for the mid-to-long-term benefit of our unit holders.
When it comes to the DPU forecast for the 40th fiscal period, we expect that wewill meet the lower-end target of 3,600 yen in DPU without relying on a gain on
the sale of a property, thanks to an expected contribution of Hakata FD BusinessCenter to our rent revenues. For the 41st fiscal period, we also expect tomaintain our 3,600-yen target because of an expected increase in rent revenue
from Hakata FD Business Center despite the loss of NOI due to the disposition of
our ownership share of the buildings of Marinoa City Fukuoka.

3

Speaking of DPU, this slide explains the dividend level that we think should benormal going forward. As I mentioned in the last performance overview briefing,
our target for the dividend level that we think should be normal is 3,800 yen. For
the 40th fiscal period, as I said earlier, we expect to meet our DPU target of 3,600
yen without relying on a gain on the sale of a property. For the 41st fiscal period,
despite the loss of NOI due to the disposition of our ownership share of thebuildings of Marinoa City Fukuoka, we’ll be able to pay the 3,600 yen DPU.
Like I said, our target for the dividend level that we think should be normal is
3,800 yen. We expect to meet that target in 2027 when we start to collect theregular rent for a full fiscal period after the end of the reduced-rent period inwhich the construction at Marinoa City Fukuoka takes place. As described at thebottom of the page, we make sure that we meet this target by not only driving
both internal and external growth but also by selling properties as well as tapping
our internal reserves as appropriate.

4The next slide, page 4, is about our approach to external growth. Since theacquisition in September last year, the occupancy rate of Hakata FD BusinessCenter has been growing and it stood at 86.5 percent as of the end of February
this year. And the latest figure is 88.4 percent and that includes contracts alreadysigned. We expect that its occupancy rate will further go up to 90 percent on
weighted average in the 40th fiscal period. As shown below, the tenants include
quality companies, domestic and foreign, such as financial institutions or
consulting firms.
Our current asset size is about 220.9 billion yen as of the end of February 2024.
The percentage of retail properties in the portfolio is below our 50-percent target.
As I said before from time to time, our immediate goal is to reach 250 billion yen
in asset size and the next target is 300 billion yen. We will continue to grow ourportfolio by acquiring office buildings, logistics facilities, and residential properties
not only from our sponsor but also by leveraging our local connections andexternal sources with a particular focus on sustainability of a property. Also, as acomprehensive REIT, we continue to optimize our portfolio and pay attention to
the balance between risk and return.

5

The next slide, page 5, is about updates on the office market in Fukuoka. The
graph on the left-hand side shows that because of the big supply of new officebuildings during the first half of 2023, the average vacancy rate for Fukuoka’s
office buildings has been hovering above 5 percent since then and stays abovethat level in March this year, according to the latest available data. However, as
the red dotted line indicates, the vacancy rate for existing buildings has remained
low, and we have confirmed that there is almost no major displacement in theexisting buildings in the wake of the big supply.
There will be more big, new office buildings to be built and open in Fukuoka, such
as Tenjin Big Bang project, and that will probably push up the vacancy rates in
the city, but we think that that will cause only a short spike and it will take sometime for these new buildings to be fully occupied.
When it comes to our vacancy rates, that’s the blue line in the graph, the averagevacancy rate of the office buildings owned by Fukuoka REIT has been trending
well below the market despite the blip in 2023, when we acquired Hakata FD
Business Center. But since then the property’s occupancy has improved and theaverage occupancy of our portfolio remains at high levels, showcasing thecompetitiveness of our office buildings.
And if you look at the upper right corner of the page, you can see average rents
as of March this year, within the orange lined box. The average rent for Fukuoka
continued to rise, up 1.1 percent from a year earlier, showing that the officemarket in Fukuoka remains strong.

6Please go to the next page. It is showing the historical and projected occupancy
rates for office buildings in our portfolio. The weighted-average occupancy rate
for the twelve office buildings in our portfolio, which excludes the land for Tenjin
Nishi-Dori Business Center, slightly declined to 94.9 percent for the 39th fiscal
period following the acquisition of Hakata FD Business Center. But theoccupancy of Hakata FD Business Center has improved since then, so we expectthat the weighted average occupancy rate will bounce back to 99.5 percent for
the 41st fiscal period. And, according to CBRE’s appraisal data, our portfolio rent
is still 11.1 percent lower than the market rent, so we will continue to work hard toraise rent.

7

The next slide, page 7, describes the latest developments surrounding our main
retail property, Canal City Hakata. We are yet to see a strong recovery in thenumber of Chinese tourists, but sales at Canal City Hakata has alreadyrecovered and exceeded the pre-COVID levels today. We believe that thissuccess is attributed to the great progress we made with regards to ourrenovation project “Future Vision” such as the opening of Alpen Fukuoka.
Speaking of Alpen Fukuoka, this store attracts not only domestic customers but
also foreign customers as well, and this is reflected in the growing traffic to the
duty-free goods counters in Canal City Hakata since the opening of the store.
As for the renovation of the entire dining zone on the first basement level of theGrand Building, the project is going as planned. We’ve already signed contracts
with a number of tenants. The entire floor including the common space is going
to be renovated to deliver exceptional dining experience. The basement level
renovation will be completed and open next year.

8The next slide, page 8, shows details about the disposition of Marinoa City
Fukuoka. We announced in a press release weeks ago that we decided todispose our ownership share of the buildings of Marinoa City Fukuoka in
September this year and we would just continue to own the land with leaseholdinterest. We made the decision to dispose this property for reasons described on
the right side of the page, but primarily because we can expect to have a hugebenefit from owning the land due to the possible redevelopment of its entire
premise in the future. And that will provide us with long-term, stable cash flow.

9The next slide, page 9, describes the situation of our logistics assets. The
logistics property market in Fukuoka saw a spike in the vacancy rates in the wakeof a relatively large amount of new supply in 2023; however, the vacancy rates
are expected to come down in 2024, according to CBRE. That is why we expectthat the average rent per tsubo will continue to rise going forward, as shown in
the graph at the bottom left. And we will raise rent for our logistics properties at
the time of leasing contract renewals. Currently we own four logistics properties
and every single one of them is running at 100 percent occupancy.

10

The next slide, page 10, is about the situation of our residences and hotels. The
average occupancy rate of our five residential properties remained stably high at
97.9 percent for the 39th fiscal period.Axion Befu Ekimae Premium, which we
acquired in the 38th fiscal period, is a newly built apartment. This property, as we
expected at the time of acquisition, achieved full occupancy in April this year, just
one year after we acquired this building. We also keep trying to raise rent for our
existing residential properties at the time of tenant turnovers.
All the hotels in our portfolio are room-only hotels. The ADR of Fukuoka
Washington Hotel has recently recovered and exceeded the pre-COVID levels.
The recovery in inbound tourists in Okinawa is still slower than in other areas,
and we anticipate that a stronger recovery in inbound tourists will boost
performance of Tissage Hotel Naha.

11

Please go to the next slide. From here I’m going to talk about our finances. Let’stake a look at page 11. In anticipation of possible higher financing costs due tothe recent rise in base rates, we will make sure to bring our financing costs undercontrol by diversifying debt maturities, adjusting borrowing terms, and rebalancing
the fixed and floating rates. For the 39th fiscal period, we secured new loans tofinance the acquisition of Hakata FD Business Center and did some refinancing.
And of course we successfully managed the financing costs under control bysticking to our borrowing policy. I also like to note that all the borrowings wesecured during the 39th fiscal period were so-called Green Loans.

12When it comes to LTV at the bottom of page 12, it will go up following theacquisition of Hakata FD Business Center. However, it is expected to stay below
45 percent, which we think should be the right level, because we manage to
repay some of the loans.

13

The next slide, page 13, is about the appraisal value of our portfolio. The total
unrealized gains increased 3.3 billion yen from the previous fiscal period to 51.8
billion yen as of the end of the 39th fiscal period, as the headline shows. For
some properties, their book value is higher than the appraisal value, but the cap
rates for our properties, especially for office buildings and residences, continue todecline.

14

I’m going to talk about what we are doing with respect to sustainability on page
14. Sustainability is and continues to be one of our management priorities. In
addition to the fact that we successfully got a DBJ Green Building certification for
Hakata FD Business Center, more existing buildings in our portfolio received
CASBEE certification in the past fiscal period. And that means that 84.6 percent
of our properties are now certified as “Green Buildings,” as of the end of February
this year.

15

The last topics I want to cover today are our results for the 39th fiscal period ascompared to the previous fiscal period and our own expectations and theguidance for the 40th and 41st fiscal periods. Please refer to the slides frompage 15 to page 18.
In this slide, page 15, we are showing our results for the 39th fiscal period ascompared to the results six months before. Factors that affected the operating
profit and loss are described in the text within the orange box on the right.
Operating revenues excluding gain on sale increased 236 million yen from the38th fiscal period. The decline in the gain on sale of a property was more thanabsorbed by an increase in rent revenue from Canal City Hakata with the new
opening of Alpen Fukuoka and the contribution made by the newly acquired
property. The decline in the gain on the sale of a property means the dispositionof Kurume Higashi Kushiwara Shopping Center.
Operating expenses decreased 47 million yen from the previous fiscal period duein large part to a decline in repair expenses related to the renovation of Canal
City Hakata despite a rise in acquisition costs of the new properties. The DPU
for the 39th fiscal period was up 54 yen from the previous period to 3,807 yen.

16

The next slide, page 16, compares the results for the 39th fiscal period to ourown expectations. Again, factors that affected the operating profit and loss aredescribed in the text within the orange box. Operating revenues rose 13 million
yen and operating expenses fell 24 million yen. The increase in rent revenue
from Canal City Hakata was more than expected, but the rent revenue from
Hakata FD Business Center fell short of our expectations because we made adecision not to change the existing free-rent accounting method. And that is why
the actual payout beat our expectations only by 52 yen per unit.

17

Here is our business forecast for the 40th fiscal period on page 17. You can findthe main assumptions for the forecast within the green lined box. There will be
no gain on the sale of a property for the 40th fiscal period, but we expect that anincremental rent revenue from Hakata FD Business Center will partially cover the
shortfall. The DPU for the 40th fiscal period is expected to 3,600 yen, and thatmeans that we will finally meet the lower-end target of 3,600 yen in DPU without
relying on a gain on the sale of a property.

18

The next slide, page 18, is about our forecast for the 41st fiscal period. Again,
the main assumptions are found within the green lined box. The rent revenue
from Marinoa City Fukuoka will decline due to the disposition of our ownershipshare of its buildings; however, an incremental revenue from Hakata FD BusinessCenter, the effect of the rent hikes in our logistics assets, and the cutback on
expenses will cover the shortfall. We expect that the DPU for the 41st fiscal
period is going to continue to meet our lower-end target of 3,600 yen.
And that brings to an end to the performance overview for the 39th fiscal period.
Thank you very much for watching.

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

キャッシュ・フロー計算書 （前期比）

産

営業活動によるキャッシュ・フロー
税引前当期純利益
減価償却費
投資法人債発行費償却
受取利息
支払利息
不動 等売却益
営業未収入金の増減額 （▲は増加）
未収消費税等の増減額 （▲は増加）
未払消費税等の増減額 （▲は減少）
営業未払金の増減額 （▲は減少）
未払金の増減額 （▲は減少）
未払費 の増減額 （▲は減少）
前受金の増減額 （▲は減少）
預り金の増減額 （▲は減少）
前払費 の増減額 （▲は増加）
長期前払費 の増減額 （▲は増加）
その他
小計
利息の受取額利息の支払額
法人税等の支払額
投資活動によるキャッシュ・フロー
有形固定資 の取得による支出
信託有形固定資 の売却による収入
信託有形固定資 の取得による支出
信託無形固定資 の取得による支出
預り敷金及び保証金の受入による収入
預り敷金及び保証金の返還による支出
信託預り敷金及び保証金の受入による収入
信託預り敷金及び保証金の返還による支出
信託差入敷金及び保証金の差入による支出
使途制限付信託預金の払出による収入
使途制限付信託預金の預入による支出
財務活動によるキャッシュ・フロー
短期借入れによる収入
短期借入金の返済による支出
長期借入れによる収入
長期借入金の返済による支出
投資法人債の償還による支出分配金の支払額
金及び 金同等 の増減額 （▲は減少）
金及び 金同等 の期首残高金及び 金同等 の期末残高

第 38 期 （A）〜2023 年 8 月 31日

異区 分

第 39 期 （B）〜2024 年 2 月 29 日

用

用

用

産

産産産

物物物

現現現

現現現

3,939
2,988
1,531
1
▲0
284
▲432
▲52
▲355
31
▲4
5
▲2
201
10
▲0
12
4,219
0
▲278
▲1
▲3,436▲1,5391,495▲3,172
94
▲16
195
▲494
1
▲2
▲298
3,000
▲3,0008,450▲5,900▲2,848204
10,255
10,459（単位：百万円）

差

（B-A）

3,724
3,031
1,609
1
▲0
328
▲237
▲162
▲371
▲11
▲62
2
6
▲7
▲47
▲28
▲56
36
4,030
0
▲305
▲0
▲13,636▲0815▲14,953
▲1
5
▲7
637
▲124
▲8
2
▲2
6,912
21,900▲21,900
16,400▲4,500▲2,000▲2,987▲2,99910,459
7,460

▲214

43
77
▲0

0
43
194
▲110
▲371

344
▲94

7
1
▲4
▲248
▲39
▲56

23
▲188
▲0
▲26

0
▲10,200

1,539▲680▲11,781
▲1
▲89
8
441
369
▲8
0
▲0
7,211
18,900▲18,900
7,950
1,400▲2,000▲138▲3,203204▲2,999Appendix

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

有利子負債一覧
現状■借入金の 況長期借入金

借入先
日本政策投資銀行
みずほ銀行
北九州銀行
伊予銀行
十八親和銀行 （寄付型ローン）
シンジケートローン （注 6）
みずほ信託銀行
三井住友銀行 （グリーンローン）
シンジケートローン（サステナビリティ・リンク・ローン）（注 7）
肥後銀行
肥後銀行
広島銀行
広島銀行
三井住友信託銀行 （グリーンローン）
三井住友信託銀行 （グリーンローン）
日本政策投資銀行 （グリーンローン）
日本政策投資銀行 （グリーンローン）
西日本シティ銀行 （グリーンローン）
西日本シティ銀行 （グリーンローン）
西日本シティ銀行 （グリーンローン）
SBI 新 銀行 （グリーンローン）
肥後銀行 （グリーンローン）
伊予銀行 （グリーンローン）
鹿児島銀行 （グリーンローン）
福岡銀行 （グリーンローン）
三菱 UFJ 銀行 （グリーンローン）
三井住友銀行 （グリーンローン）
みずほ銀行 （グリーンローン）
西日本シティ銀行 （グリーンローン）
西日本シティ銀行 （グリーンローン）
福岡銀行 （グリーンローン）
福岡銀行 （グリーンローン）
合 計

金額
（百万円）

率

借入日

返済期限

期間
（年）

10.0
10.0
10.0
10.0
10.0
10.0
10.0
7.0

固定・
変動
固定
固定
固定
固定
固定
固定
変動
固定

1,500
1,000
500
200
1,000
5,300
1,000
1,600

2020/7/31
2020/7/31
2020/7/31
2020/7/31
2021/3/31
2021/7/30
2022/3/31
2022/6/30

2030/7/31
2030/7/31
2030/7/31
2030/7/31
2031/3/31
2031/7/31
2032/3/31
2029/6/29

0.53000%
0.47000%
0.52630%
0.52630%
0.59000%
0.49000% （注 1）0.38000%
0.72625%4,900

2022/8/31

700
750
500
1,000
900
600
2,000
2,000
2,000
1,900
1,000
600
600
500
300
2,500
1,000
1,000
1,000
1,000
1,000
1,000
1,000
93,3502032/8/31

10.0

固定

0.91875% （注 8）2023/3/31 2028/3/31
2023/3/31 2033/3/31
2023/6/30 2029/6/29
2023/6/30 2030/6/28
2023/7/31 2028/7/31
2031/7/31
2023/7/31
2023/8/31 2029/8/31
2023/8/31 2030/2/28
2023/9/29 2030/9/30
2031/9/30
2023/9/29
2023/9/29 2033/9/30
2023/9/29 2028/9/29
2023/9/29 2028/9/29
2023/9/29 2028/9/29
2023/9/29 2028/9/29
2023/10/31 2031/10/31
2023/10/31 2030/10/31
2023/10/31 2030/10/31
2023/10/31 2031/10/31
2031/2/28
2024/2/29
2024/2/29 2033/2/28
2031/2/28
2024/2/29
2024/2/29 2033/2/28

5.0
10.0
6.0
7.0
5.0
8.0
6.0
6.5
7.0
8.0
10.0
5.0
5.0
5.0
5.0
8.0
7.0
7.0
8.0
7.0
9.0
7.0
9.0

固定
変動
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
変動
固定
固定
固定
固定
固定
変動
変動

0.61500%
0.38000%
0.54125%
0.63500%
0.50100%
0.82900%
0.83750%
0.90689%
0.91900%
1.01500%
1.18900%
0.76700%
0.76700%
0.76700%
0.76700%
0.33091%
1.20250%
1.20250%
1.24900%
0.88900%
1.07000%
0.33091%0.37091%

発行年月日

償還期限

期間
（年）

利

2017/7/31
2018/7/31

2032/7/30
2038/7/30

15.0
20.0

1.00000%
1.20000%利（年 ）■投資法人債の 況
種 別
投資法人債

銘 柄
第 2 回無担保投資法人債
第 3 回無担保投資法人債
合 計

残高
（百万円）

2,000
1,000
3,000

率

0.40000%
0.62000%
0.42400%
0.71750%0.43000%
0.65846%
0.48130%
0.48130%
0.77677%0.65000%
0.79195%
0.89195%
0.84952%
0.49350% （注 1）0.81209%0.68000%
0.75000% （注 1）0.60000% （注 1）0.50000%
0.56700% （注 1）0.72000%
0.48000%
0.80219%0.80219%0.63000%
0.50400% （注 1）0.49000%
0.57600% （注 1）0.64630%
0.64630%0.40000%
0.65528%0.59000%
0.43091%0.43091%0.33380%
0.33380%
0.33380%
0.48845% （注1）0.52100% （注 1）0.30300%
0.48000%
0.48000% （注 1）0.42000%
0.56922%0.56922%0.60000%
0.46500%

種 別

率

8.0
9.0
9.0
9.0
10.0
10.0
8.0
8.0
9.0
9.5
10.0
10.0
10.0
10.0
10.0
10.0
10.0
9.0
8.0
10.0
10.0
8.0
10.0
10.0
10.0
7.0
9.0
9.0
10.0
10.0
7.0
10.0
9.0
10.0
10.0
7.0
7.0
7.0
10.0
10.0
7.5
9.0
10.0
10.0
10.0
10.0
9.0
8.0

（年 ）

率

2024/7/31
2025/2/28
2025/9/30
2025/12/30
2026/12/30
2027/3/31
2025/3/31
2025/3/31
2026/6/30
2026/12/31
2027/7/31
2027/7/31
2027/8/31
2027/9/30
2027/12/30
2027/12/30
2028/2/29
2027/2/26
2026/2/27
2028/2/29
2028/3/1
2026/3/31
2028/3/31
2028/3/31
2028/3/31
2025/3/31
2027/3/31
2027/3/31
2028/3/31
2028/3/31
2025/3/31
2029/1/31
2028/1/31
2029/1/31
2029/1/31
2026/2/27
2026/2/27
2026/2/27
2029/2/28
2029/7/31
2027/1/29
2028/9/29
2030/2/28
2030/2/28
2030/6/28
2030/6/28
2029/6/29
2028/6/30

利状

2016/7/29
2016/2/29
2016/9/30
2016/12/30
2016/12/30
2017/3/31
2017/3/31
2017/3/31
2017/6/30
2017/6/30
2017/7/31
2017/7/31
2017/8/31
2017/9/29
2017/12/29
2017/12/29
2018/2/28
2018/2/28
2018/2/28
2018/2/28
2018/3/1
2018/3/30
2018/3/30
2018/3/30
2018/3/30
2018/3/30
2018/3/30
2018/3/30
2018/3/30
2018/3/30
2018/3/30
2019/1/31
2019/1/31
2019/1/31
2019/1/31
2019/2/28
2019/2/28
2019/2/28
2019/2/28
2019/7/31
2019/7/31
2019/9/25
2020/2/28
2020/2/28
2020/6/30
2020/6/30
2020/6/30
2020/6/30

固定・
変動
固定
固定
変動
固定
変動
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
変動
変動
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定
固定

状

期間
（年）

生

生

700
2,000
300
2,100
1,500
600
300
800
6,000
1,800
2,000
2,000
1,500
2,000
1,500
500
1,900
1,100
1,500
600
2,500
600
600
500
500
500
500
400
400
400
300
500
500
400
300
200
200
200
200
2,200
1,500
500
2,500
1,700
1,000
700
500
500

返済期限

率

SBI 新 銀行
日本政策投資銀行
三井住友信託銀行
シンジケートローン （注 2）
福岡銀行
りそな銀行
肥後銀行
三菱 UFJ 銀行
シンジケートローン （注 3）
日本政策投資銀行
福岡銀行
西日本シティ銀行
シンジケートローン （注 4）
りそな銀行
福岡銀行
日本政策投資銀行
西日本シティ銀行
三井住友信託銀行
三菱 UFJ 銀行
りそな銀行
日本政策投資銀行
三菱 UFJ 銀行
西日本シティ銀行
福岡銀行
みずほ銀行
三井住友銀行
三菱 UFJ 銀行
三井住友信託銀行
大分銀行
広島銀行
SBI 新 銀行
三井住友銀行
三菱 UFJ 銀行
西日本シティ銀行
福岡銀行
大分銀行
鹿児島銀行
肥後銀行
りそな銀行
シンジケートローン （グリーンローン）（注 5）
農林中央金庫
三菱 UFJ 銀行
西日本シティ銀行
みずほ銀行
あおぞら銀行
りそな銀行
三菱 UFJ 銀行
鹿児島銀行

借入日

率

長期借入金

金額
（百万円）

借入先

率

１年内返済予定
長期借入金

2024 年 2 月 29 日 在

生

種 別

（年 ）

■コミットメントラインの設定 況
種 別
コミットメントライン

借入先
コミットメントライン 1 （注 9 ）コミットメントライン 2 （注10）
合 計

借入限度額
（百万円）

6,000
7,000
13,000

コミットメント期間
開始日
終了日

2018/8/1
2020/3/2

2026/7/31
2027/2/28

用率率合 広島銀行です。
計（注 1） 金利を固定化するためのスワップ契約を締結しており、本スワップ契約を組合わせた利 を記載しています。 （注 2） 借入先は、日本政策投資銀行、大分銀行、 鹿児島銀行、 北九州銀行、 十八親和銀行、（注 3） 借入先は、 福岡銀行、西日本シティ銀行、 大分銀行、 北九州銀行、宮崎銀行、 十八親和銀行、 伊予銀行です。
（注 4） 借入先は、 西日本シティ銀行、 福岡銀行、 大分銀行、 北九州銀行、十八親和銀行、広島銀行です。 （注 5） 借入先は、 みずほ銀行、 佐賀銀行、 肥後銀行です。 （注 6） 借入先は、 みずほ銀行、 広島銀行、 北九州銀行、 伊予銀行、 肥後銀行です。 （注 7） 借入先は、日本政策投資銀行、 西日本シティ銀行、 福岡銀行です。
（注 8） CO2 削減目標を達成した場合、当初借入の利 から優遇された利 が 2031 年 8 月から弁済日までの間に適 されます。 （注 9） 借入先は、 福岡銀行、りそな銀行です。 （注 10） 借入先は、 西日本シティ銀行、りそな銀行、大分銀行、 長崎銀行、 佐賀銀行です。

Appendix

56

57

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