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Lease commitments (Tables)
12 Months Ended
Mar. 31, 2020
Analysis of Leased Assets Under Capital Leases
An analysis of leased assets under finance leases is as follows:
                 
 
Yen in millions
 
 
March 31,
 
 
2019
 
 
2020
 
Class of property
 
 
 
 
 
 
Building
 
 
18,519
 
 
 
22,790
 
Machinery and equipment
 
 
28,836
 
 
 
62,337
 
Less - Accumulated depreciation
 
 
(30,016
)
 
 
(25,036
)
 
 
 
 
 
 
 
 
 
 
 
17,339
 
 
 
60,091
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Minimum Rental Payments Required Under Operating Leases Relating to Land, Buildings and Equipment
The minimum rental payments required under operating leases relating primarily to land, buildings and equipment having initial or remaining
non-cancelable
lease terms in excess of one year at March 31, 2019 are as follows:
         
Years ending March 31,
 
Yen in millions
 
2020
 
 
16,078
  
2021
 
 
13,396
 
2022
 
 
11,862
 
2023
 
 
10,219
 
2024
 
 
8,034
 
Thereafter
 
 
32,598
 
 
 
 
 
 
Total minimum future rentals
 
 
92,187
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Summary of lease cost
An analysis of lease payment is as follows:
         
 
Yen in millions
 
 
March 31,
 2020
 
Lease payment
 
 
 
Finance lease expense
 
 
 
Amortization of right-of-use asset
 
 
14,676
 
Interest on lease liabilities
 
 
805
 
Operating lease expense
 
 
80,343
 
Short term lease expense
 
 
44,440
 
 
 
 
 
 
 
 
140,264
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Summary of Other supplementary information
Other supplementary information is as follows
:
         
 
Yen in millions
 
 
March
 
31,
 2020
 
Other supplementary information
 
 
 
Cash paid for amounts included in the measurement of finance lease liabilities
 
 
 
Cash flow from operating activities
 
 
805
 
Cash flow from financing activities
 
 
5,860
 
Cash paid for amounts included in the measurement of operating lease liabilities
 
 
 
 
Cash flow from operating activities
 
 
80,101
 
Right of use assets obtained in exchange for lease liabilities
 
 
 
Finance lease
 
 
47,082
 
Operating lease
 
 
105,913
 
Weighted average remaining lease term (years)
 
 
 
Finance lease
 
 
5.6
 
Operating lease
 
 
8.4
 
Weighted average discount rate
 
 
 
Finance lease
 
 
4.23
%
Operating lease
 
 
2.13
%
 
 
 
 
 
 
 
Future Minimum Lease Payments Under Capital Leases Together with Present Value of Net Minimum Lease Payments
Future minimum lease payments under finance leases and operating leases together with the present value of the net minimum lease payments as of
 
March 31, 2020 are as follows:
                 
 
 
Yen in millions
 
Years ending March 31,
 
Finance lease
 
 
Operating lease
 
2021
 
 
6,378
 
 
 
41,618
 
2022
 
 
4,320
 
 
 
33,648
 
2023
 
 
3,124
 
 
 
26,890
 
2024
 
 
2,842
 
 
 
22,640
 
2025
 
 
2,525
 
 
 
20,437
 
Thereafter
 
 
17,629
 
 
 
165,454
 
Total minimum lease payments
 
 
36,818
 
 
 
310,687
 
Less - Amount representing interest
 
 
(7,881
)
 
 
(29,732
)
Present value of net minimum lease payments
 
 
28,937
 
 
 
280,955
 
 
 
 
 
 
 
 
 
 
Current liability
 
 
5,460
 
 
 
39,136
 
Noncurrent liability
 
 
23,477
 
 
 
241,819
 
Total minimum lease present value
 
 
28,937
 
 
 
280,955
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Future Minimum Lease Payments Under Finance And Operating Leases Together with Present Value of Net Minimum Lease Payments
Future minimum lease payments under finance leases and operating leases together with the present value of the net minimum lease payments as of
 
March 31, 2020 are as follows:
                 
 
 
Yen in millions
 
Years ending March 31,
 
Finance lease
 
 
Operating lease
 
2021
 
 
6,378
 
 
 
41,618
 
2022
 
 
4,320
 
 
 
33,648
 
2023
 
 
3,124
 
 
 
26,890
 
2024
 
 
2,842
 
 
 
22,640
 
2025
 
 
2,525
 
 
 
20,437
 
Thereafter
 
 
17,629
 
 
 
165,454
 
Total minimum lease payments
 
 
36,818
 
 
 
310,687
 
Less - Amount representing interest
 
 
(7,881
)
 
 
(29,732
)
Present value of net minimum lease payments
 
 
28,937
 
 
 
280,955
 
 
 
 
 
 
 
 
 
 
Current liability
 
 
5,460
 
 
 
39,136
 
Noncurrent liability
 
 
23,477
 
 
 
241,819
 
Total minimum lease present value
 
 
28,937
 
 
 
280,955