SHORT-TERM BORROWINGS AND LONG-TERM DEBT

12 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

SHORT-TERM BORROWINGS AND LONG-TERM DEBT

10. SHORT-TERM BORROWINGS AND LONG-TERM DEBT

Short-term borrowings at March 31, 2015 and 2016 are comprised of the following:

	March 31,
	2015			2016
Average interest rates on loans from banks and others (%)		2.14			0.46
	March 31,
	2015			2016
	(Yen in millions)
Secured	¥	144		¥	3,378
Unsecured		3,985			1,741
Total	¥	4,129		¥	5,119
Long-term debt at March 31, 2015 and 2016 are comprised of the following:
	March 31,
	2015			2016
Range of interest rates on loans from banks and others (%)		0.20-7.01			0.14-7.10
	March 31,
	2015			2016
	(Yen in millions)
Secured	¥	25,540		¥	26,681
Unsecured		1,782			950
Subtotal		27,322			27,631
Less, portion due within one year		(9,441	)		(9,516	)
Total	¥	17,881		¥	18,115

Aggregate maturities of long-term debt at March 31, 2016 are as follows:

Years ending March 31,	(Yen in millions)
2018	¥	7,636
2019		5,657
2020		3,237
2021		1,356
2022 and thereafter		229
Total	¥	18,115

Kyocera’s assets pledged as collateral of property, plant and equipment, net of accumulated depreciation and intangible assets for loans from banks at March 31, 2015 and 2016 are as follows:

	March 31,
	2015		2016
	(Yen in millions)
Property, plant and equipment, net of accumulated depreciation	¥	1,489	¥	2,922
Long-term investments in debt and equity securities		—		118
Total	¥	1,489	¥	3,040

As described in Note 8 to the Consolidated Financial Statement, since transferring of the capital lease receivables did not qualify as a sale for financial reporting purpose, Kyocera has accounted for the cash received as a secured borrowing. As a result of the transaction, capital lease receivables in the amount of ¥25,647 million and ¥25,054 million as of March 31, 2015 and 2016 have been recorded on the balance sheets, respectively.