Finance receivables were geographically distributed as follows: in North America 55.2%, in Asia 13.0%, in Europe 12.3%, in Japan 8.2% and in Other 11.3% as of March 31, 2019, and in North America 55.8%, in Asia 13.0%, in Europe 12.6%, in Japan 8.8% and in Other 9.8% as of March 31, 2020.

The contractual maturities of retail receivables, the future minimum lease payments on finance leases and the contractual maturities of wholesale and other dealer loans at March 31, 2020 are summarized as follows:


	Yen in millions
Years ending March 31,	Retail		Finance leases		Wholesale and other dealer loans
2021		4,027,784		446,901		2,476,011
2022		3,034,099		335,850		308,745
2023		2,476,975		247,378		197,597
2024		1,749,643		134,481		157,317
2025		964,212		48,912		107,152
Thereafter		542,363		8,801		232,791

		12,795,076		1,222,323		3,479,613

Finance leases consist of the following:


	Yen in millions
	March 31,
	2019			2020
Minimum lease payments		1,158,242			1,222,323
Estimated unguaranteed residual values		478,294			469,048

		1,636,536			1,691,371
Deferred origination costs		11,929			12,349
Less - Unearned income		(143,838	)		(146,087	)
Less - Allowance for credit losses		(26,483	)		(30,898	)

Finance leases, net		1,478,144			1,526,735

Toyota is exposed to credit risk on Toyota’s finance receivables. Credit risk is the risk of loss arising from the failure of customers or dealers to meet the terms of their contracts with Toyota or otherwise fail to perform as agreed. Toyota estimates allowance for credit losses by variety of credit-risk evaluation process to cover probable and estimable losses above.

The table below shows the amount of the finance receivables segregated into aging categories based on the number of days outstanding as of March 31, 2019 and 2020:


	Yen in millions
	March 31, 2019
	Retail		Finance leases		Wholesale		Real estate		Working capital
Current		12,554,265		1,625,893		1,806,305		873,427		808,755
30-59 days past due		141,111		4,972		191		—		—
60-89 days past due		35,090		1,396		100		—		—
90 days or greater past due		37,839		4,275		393		106		480

Total		12,768,305		1,636,536		1,806,989		873,533		809,235


	Yen in millions
	March 31, 2020
	Retail		Finance leases		Wholesale		Real estate		Working capital
Current		12,525,020		1,675,523		1,642,637		857,407		967,105
30-59 days past due		176,991		7,670		2,008		47		—
60-89 days past due		44,922		2,426		1,132		43		—
90 days or greater past due		48,143		5,752		9,011		196		27

Total		12,795,076		1,691,371		1,654,788		857,693		967,132

The tables below show the recorded investment for credit quality of the finance receivable within the wholesale and other dealer loan receivables portfolio segment as of March 31, 2019 and 2020:

The wholesale and other dealer loan receivables portfolio segment is primarily segregated into credit qualities below based on internal risk assessments by dealers.

Performing: Account not classified as either Credit Watch, At Risk or Default

Credit Watch: Account designated for elevated attention

At Risk:

Account where there is an increased likelihood that default may exist based on qualitative and quantitative factors

Default:

Account is not currently meeting contractual obligations or we have temporarily waived certain contractual requirements


	Yen in millions
	March 31, 2019
	Wholesale		Real estate		Working capital		Total
Performing		1,566,475		743,379		789,948		3,099,802
Credit Watch		156,740		81,848		8,610		247,198
At Risk		58,550		45,564		10,189		114,303
Default		25,224		2,742		488		28,454

Total		1,806,989		873,533		809,235		3,489,757

	Yen in millions
	March 31, 2020
	Wholesale		Real estate		Working capital		Total
Performing		1,441,320		729,474		931,420		3,102,214
Credit Watch		133,892		82,322		22,293		238,507
At Risk		54,251		37,379		13,332		104,962
Default		25,325		8,518		87		33,930

Total		1,654,788		857,693		967,132		3,479,613

The tables below summarize information about impaired finance receivables:


	Yen in millions
	Recorded investment				Unpaid principal balance				Individually evaluated allowance
	March 31,				March 31,				March 31,
	2019		2020		2019		2020		2019		2020
Impaired account balances individually evaluated for impairment with an allowance:
Wholesale		18,187		11,687		18,187		11,687		3,141		2,005
Real estate		10,545		7,948		10,545		7,948		1,280		1,003
Working capital		7,451		10,040		7,451		10,040		6,670		4,163

Total		36,183		29,675		36,183		29,675		11,091		7,171

Impaired account balances individually evaluated for impairment without an allowance:
Wholesale		14,429		10,121		14,429		10,121
Real estate		16,870		16,157		16,870		16,157
Working capital		2,220		2,068		2,220		2,068

Total		33,519		28,346		33,519		28,346

Impaired account balances aggregated and evaluated for impairment:
Retail		29,537		30,753		28,788		30,109
Finance leases		99		103		75		42

Total		29,636		30,856		28,863		30,151

Total impaired account balances:
Retail		29,537		30,753		28,788		30,109
Finance leases		99		103		75		42
Wholesale		32,616		21,808		32,616		21,808
Real estate		27,415		24,105		27,415		24,105
Working capital		9,671		12,108		9,671		12,108

Total		99,338		88,877		98,565		88,172

The amount of finance receivables modified as a troubled debt restructuring for the year ended March 31, 2020 was not significant for all classes of finance receivables. Finance receivables modified as troubled debt restructurings for the year ended March 31, 2020 and for which there was a payment default were not significant for all classes of such receivables.