Komazawa University lost 15.4 billion yen due to unsuccessful investment management, campus pledged as collateral

At a Buddhist college in Setagaya-ku, Tokyo, "Nitto KomyoKnown as one of the middle-ranking private university groups calledKomazawa UniversityAs a result of the failure of asset management due to the financial crisis, it became clear that the loss of 15.4 billion yen occurred. And as a loss filling up, the campus was collateralized.

Also, it seems that only Komazawa University did the same asset management.

※ 16: 10 added examples of other universities

Details are as follows.
Asahi.com (Asahi Shimbun): Komaga, investment loss 15.4 billion yen Capsule collateral fill-in - education

According to the Asahi Shimbun news report, loss of 15.4 billion yen has occurred due to asset management that Komazawa University decided to reduce the tuition and income by the declining birthrate and said that "we should do real asset management" is.

In the last year, Komazawa University contracted two foreign financial institutions with 10 billion yenInterest rate swaps"When"Currency swap"As the market price declined at a stroke such as the financial crisis since the latter half of last year, the valuation loss exceeded 5.3 billion yen at the closing of the end of March this year, the unrealized loss increased Continuing, the loss amount when the transaction was canceled amounted to 15.4 billion yen.

In order to compensate for losses, Komazawa University has decided to receive a 11 billion yen loan from Mizuho Bank, and it seems that the revolving mortgage has been set for the Fukasawa Campus and the baseball club ground as such security .

Incidentally, the university 's asset management is done by each university' s own judgment, but the Ministry of Education, Culture, Sports, Science and Technology said, "Operation should focus on stability after considering risks adequately" However, in the summary of the Japan Private School Promotion and Mutual Aid Corporation Foundation in 2005, at least 75 universities in approximately 650 universities and junior colleges nationwide said that they were engaged in derivative transactions. That means that more than a tenth of universities are doing derivative transactions ....

In SeptemberThe collapse of Lehman Brothers and AIGAlthough it is fresh to remember that the global simultaneous weak stocks and accelerated yen appreciation against the dollar have occurred, is there a university that caused a lot of losses other than Komazawa University? It is worrisome.

· 12:33 additional note
When I confirmed by phone on whether the student was affected by the loss caused by this investment management in Komazawa University Public Relations Division, I answered that "I do not have any particular impact". Also, there are no major influences on the rest.

· 16:10 postscript
Following Komazawa University, I learned about the asset management of Keio University. According to the following article, the invested assets of Keio University exceeded 100 billion yen, and the appraisal loss at this time is about 22.5 billion yen, which means that it has not changed since the end of March 2008. Moreover, it seems that we do not cut losses.

Earthquake shaking in Japan's educational world, Keio's valuation losses of 22.5 billion yen - Komazawa University has investment loss of 15.4 billion yen