Leases

12 Months Ended

Mar. 31, 2024

10.

Leases

Sony leases communication and commercial equipment, plant, office space, warehouses, employees’ residential facilities and other assets.

(1)	Right-of-use assets as a lessee

The changes in ROU assets for the fiscal years ended March 31, 2023 and 2024 are as follows:


	Yen in millions
	Land			Buildings			Machinery and equipment			Total
Balance as of April 1, 2022:
Carrying amount		17,800			375,268			20,362			413,430

Changes in the carrying amount
Increase due to new lease agreements and remeasurement of lease liabilities		1,533			90,395			36,604			128,532
Decrease due to termination of lease agreements and remeasurement of lease liabilities		(3,323	)		(10,654	)		(214	)		(14,191	)
Depreciation		(1,171	)		(77,368	)		(7,808	)		(86,347	)
Other		399			35,422			818			36,639

Total changes		(2,562	)		37,795			29,400			64,633

Balance as of March 31, 2023:
Carrying amount		15,238			413,063			49,762			478,063

Changes in the carrying amount
Increase due to new lease agreements and remeasurement of lease liabilities		177			73,038			25,179			98,394
Decrease due to termination of lease agreements and remeasurement of lease liabilities		(74	)		(10,396	)		(467	)		(10,937	)
Depreciation		(1,169	)		(82,576	)		(11,097	)		(94,842	)
Other		643			31,379			695			32,717

Total changes		(423	)		11,445			14,310			25,332

Balance as of March 31, 2024:
Carrying amount		14,815			424,508			64,072			503,395

(2)	Income, expenses, and cash flows (except for depreciation) arising from lease contracts as a lessee and lessor are as follows:


	Yen in millions
	Fiscal year ended March 31
	2022			2023			2024
Interest expenses on lease liabilities		8,223			10,382			12,833
Expenses related to short-term leases accounted for applying an exemption		19,764			36,807			20,798
Income from subleases		(2,256	)		(1,784	)		(1,589	)
Net cash outflows for leases		83,546			89,681			100,438

Refer to Note 6 for the maturity analysis of Sony’s financial liabilities including lease liabilities.