Leases

12 Months Ended

Mar. 31, 2022

Leases [Abstract]

Leases

15. Leases

As of March 31, 2021 and 2022, the Company has operating leases recorded on its consolidated balance sheet for certain office spaces and facilities that expire on various dates through 2026. The Company does not plan to cancel the existing lease agreements for its existing facilities prior to their respective expiration dates. When determining the lease term, the Company considers options to extend or terminate the lease when it is reasonably certain that it will exercise or not exercise that option. All of the Company’s leases qualify as operating leases.

	As of March 31, 2021			As of March 31, 2022
	RMB			RMB
Assets
Operating lease right-of-use assets		29,234			38,567
Liabilities
Operating lease liabilities, current		8,063			10,001
Operating lease liabilities, non-current		19,997			28,197
Total operating lease liabilities		28,060			38,198
Weighted average remaining lease term (years)		3.70			3.61
Weighted average discount rate		6.47	%		4.95	%

Information related to operating lease activity during the years ended March 31, 2020, 2021 and 2022 are as follows:

	Year ended March 31, 2020		Year ended March 31, 2021		Year ended March 31, 2022
	RMB		RMB		RMB
Operating lease right-of-use assets obtained in exchange for lease obligations		10,051		25,970		21,038
Operating lease related expenses
Amortization of right-of-use assets		15,708		11,687		11,705
Interest of lease liabilities		1,353		1,596		1,949
		17,061		13,283		13,654

	Year ended March 31, 2020		Year ended March 31, 2021		Year ended March 31, 2022
	RMB		RMB		RMB
Operating lease payments (included in measurement of lease liabilities)		18,183		12,850		12,849

Maturities of lease liabilities were as follows:

	Year ended March 31, 2022
	RMB
For the year ending March 31,
2023		11,311
2024		10,273
2025		11,051
2026		7,546
2027		1,299
Total lease payments		41,480
Less: imputed interest		(3,282	)
Total		38,198