Vehicles and equipment on operating leases

12 Months Ended

Mar. 31, 2020

Vehicles and equipment on operating leases

9. Vehicles and equipment on operating leases:

Vehicles and equipment on operating leases consist of the following:

	Yen in millions
	March 31,
	2019			2020
Vehicles		6,383,788			6,153,695
Equipment		14,499			17,148
Less - Deferred income and other		(259,124	)		(241,610	)
		6,139,163			5,929,233
Less - Accumulated depreciation		(1,428,779	)		(1,374,172	)
Less - Allowance for credit losses		(13,314	)		(12,171	)
Vehicles and equipment on operating leases, net		4,697,070			4,542,890

Rental income from vehicles and equipment on operating leases was ¥927,443 million, ¥959,497 million and ¥945,091 million for the years ended March 31, 2018, 2019 and 2020, respectively. Future minimum rentals from vehicles and equipment on operating leases are due in installments as follows:

Years ending March 31,	Yen in millions
2021		802,119
2022		531,098
2023		241,462
2024		59,415
2025		13,455
Thereafter		6,195
Total minimum future rentals		1,653,744

The future minimum rentals as shown above should not be considered indicative of future cash collections.