Goodwill and intangible assets (Tables)

12 Months Ended

Mar. 31, 2020

Changes in Goodwill

The changes in Goodwill during the fiscal years ended March 31, 2018, 2019 and 2020 are as follows:

	2018		2019			2020
	(in millions of yen)
Balance at beginning of fiscal year		95,176		95,184			95,151
Impairment losses recognized		—		—			(2,155	)
Foreign exchange translation		8		(33	)		1
Balance at end of fiscal year		95,184		95,151			92,997
Gross amount of goodwill(Note)		170,926		169,489			169,313
Accumulated impairment losses		75,742		74,338			76,316

Note: Goodwill is recorded at a designated reporting unit level for the purpose of assessing impairment. Goodwill is not allocated to the reportable segments in Note 31 “Business segment information.”

Gross Carrying Amount, Accumulated Amortization and Net Carrying Amount of Intangible Assets

The table below presents the gross carrying amount, accumulated amortization and net carrying amount of intangible assets, at March 31, 2019 and 2020:

	2019						2020
	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
	(in millions of yen)
Intangible assets subject to amortization:
Customer relationships(Note)		126,882		61,630		65,252		126,979		70,904		56,075
Other		1,698		1,412		286		1,693		1,460		233
Total		128,580		63,042		65,538		128,672		72,364		56,308
Intangible assets not subject to amortization:
Total		8,702		—		8,702		8,381		—		8,381
Total		137,282		63,042		74,240		137,053		72,364		64,689

Estimated Aggregate Amortization Expense in Respect of Intangible Assets

The table below presents the estimated aggregate amortization expense in respect of intangible assets for the next five years:

	(in millions of yen)
Fiscal year ending March 31:
2021		8,237
2022		7,702
2023		7,184
2024		6,666
2025		6,154