Marketable securities and other securities investments

12 Months Ended

Mar. 31, 2020

Marketable securities and other securities investments

5. Marketable securities and other securities investments:

Marketable securities and other securities investments include public and corporate bonds and common stocks for which the aggregate cost, gross unrealized gains and losses and fair value are as follows:

	Yen in millions
	March 31, 2019
	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
Available-for-sale
Public and corporate bonds		5,837,423		82,022		73,256		5,846,189
Other		289,285		5,406		845		293,846
Total		6,126,708		87,428		74,101		6,140,035
Securities not practicable to determine fair value
Public and corporate bonds		32,922

	Yen in millions
	March 31, 2020
	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
Available-for-sale
Public and corporate bonds		5,237,131		196,260		22,092		5,411,299
Other		313,014		9,651		3,416		319,249
Total		5,550,145		205,911		25,508		5,730,548
Securities not practicable to determine fair value
Public and corporate bonds		36,551

Public and corporate bonds include government bonds, and “Other” includes investment trusts.

Unrealized losses continuing over a 12 month period or more in the aggregate were not material as of March 31, 2019 and 2020.

As of March 31, 2019 and 2020, maturities of public and corporate bonds included in available-for-sale are mainly from 1 to 10 years.

Proceeds from sales of available-for-sale securities was ¥248,046 million for the year ended March 31, 2018. On those sales, gross realized gains was ¥7,684 million and gross realized losses was ¥278 million.

During the year ended March 31, 2018, Toyota recognized impairment losses on available-for-sale securities of ¥846 million, which was included in “Other income (loss), net” and other in the accompanying consolidated statements of income.

As of March 31, 2019 and 2020, the carrying amount of equity securities with readily determinable fair values were ¥2,154,951 million and ¥1,895,690 million, respectively.

Gain and losses related to equity securities are as follows:​​​​​​​

	Yen in millions
	For the years ended March 31,
	2019			2020
Net gains (losses) recognized on equity securities		(334,636	)		(3,837	)
Less: Net gains (losses) recognized on equity securities sold		4,836			16,245
Unrealized gains (losses) on equity securities		(339,472	)		(20,082	)

Toyota did not recognize any material impairment or other adjustments on equity securities without readily determinable fair values for the years ended March 31, 2019 and 2020. As of March 31, 2019 and 2020, the carrying amount of equity securities without readily determinable fair values were ¥279,178 and ¥364,593 million, respectively.