16. Rent Expenses

Komatsu leases office space and equipment and employee housing under cancelable and non-cancelable lease agreements. Rent expenses under cancelable and non-cancelable operating leases amounted to ¥14,480 million ($174,458 thousand), ¥13,823 million and ¥14,625 million, respectively, for the years ended March 31, 2011, 2010 and 2009. At March 31, 2011, the future minimum lease payments under non-cancelable operating leases and capital leases are as follows:


	Millions of yen
	Capital			Operating lease
Year ending March 31	leases			commitments		Total
2012	¥	25,474		¥	3,240	¥	28,714
2013		14,557			2,129		16,686
2014		7,859			1,504		9,363
2015		1,189			1,000		2,189
2016		1,117			613		1,730
Thereafter		159			1,550		1,709

Total minimum lease payments	¥	50,355		¥	10,036	¥	60,391

Less: amounts representing interest		(1,829	)

Present value of net minimum capital lease payments	¥	48,526