Leases

12 Months Ended

Mar. 31, 2025

Leases [Abstract]

Leases

14. Leases

As of March 31, 2024 and 2025, the Company has operating leases recorded on its consolidated balance sheet for certain office spaces and facilities that expire on various dates through 2028. 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,			As of March 31,
	2024			2025
	RMB			RMB
Assets
Operating lease right-of-use assets		8,951			3,084
Liabilities
Operating lease liabilities, current		5,613			1,714
Operating lease liabilities, non-current		3,115			851
Total operating lease liabilities		8,728			2,565
Weighted average remaining lease term (years)		1.65			1.42
Weighted average discount rate		4.93	%		4.59	%

Information related to operating lease activity during the years ended March 31, 2023, 2024 and 2025 are as follows:

	Year ended March 31, 2023		Year ended March 31, 2024		Year ended March 31, 2025
	RMB		RMB		RMB
Operating lease right-of-use assets obtained in exchange for lease obligations		8,384		4,545		3,635
Operating lease related expenses
Amortization of right-of-use assets		24,597		17,948		9,502
Interest of lease liabilities		1,777		199		318
		26,374		18,147		9,820

	Year ended March 31, 2023		Year ended March 31, 2024		Year ended March 31, 2025
	RMB		RMB		RMB
Operating lease payments (included in measurement of lease liabilities)		26,397		17,977		10,114

Maturities of lease liabilities were as follows:

	Year ended March 31, 2025
	RMB
For the year ending March 31,
2026		2,333
2027		822
2028		45
Total lease payments		3,200
Less: imputed interest		(635	)
Total		2,565