Investment in Operating Leases

12 Months Ended

Mar. 31, 2020

9. Investment in Operating Leases

Investment in operating leases at March 31, 2019 consists of the following:


	Millions of yen
	2019
Transportation equipment	¥	1,304,925
Measuring and information-related equipment		266,436
Real estate		336,002
Other		31,152

		1,938,515
Accumulated depreciation		(634,478	)

Net		1,304,037
Accrued rental receivables		31,922

	¥	1,335,959

For fiscal 2018 and 2019, gains from the disposition of real estate under operating leases included in operating lease revenues are ¥16,383 million and ¥36,763 million, respectively, and gains from the disposition of operating lease assets other than real estate included in operating lease revenues are ¥18,908 million and ¥26,120 million, respectively.

Costs of operating leases include depreciation and various expenses (insurance, property tax and other). Depreciation and various expenses for fiscal 2018 and 2019 are as follows:


	Millions of yen
	2018		2019
Depreciation expenses	¥	195,047	¥	202,858
Various expenses		57,280		54,463

	¥	252,327	¥	257,321

For further information about investment in

operating

leases for fiscal 2020, see Note 7 of “Leases.”