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Next, we will explain movements in interest-bearing debt and other items.
Interest-bearing debt as of September 30, 2022, our D/E ratio and the D/E ratio after taking hybrid finance into consideration are 1,473.1 billion yen, 2.2x and 1.9x, respectively.
Our targets for interest-bearing debt as of March 31, 2023, for our D/E ratio and for the D/E ratio after taking hybrid finance into consideration are 1,500.0 billion yen, 2.2x and 2.0x, respectively.
Additionally, for our long-term issuer rating by JCR, since being rated in January 2019, we have consistently maintained our A-flat rating even in the COVID-19 pandemic.
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