Lease Transactions (Tables)

12 Months Ended

Mar. 31, 2024

Leases [Abstract]

Profit or Loss of Lease Transactions as a Lessee

The following table presents profit or loss of lease transactions as a lessee for the fiscal years ended March 31, 2022, 2023 and 2024:

	2022		2023		2024
	(in millions)
Finance lease cost:
Amortization of right-of-use assets	¥	4,816	¥	5,672	¥	6,352
Interest on lease liabilities	198		208		324
Operating lease cost	81,206		67,393		65,436

Information of Lease Transactions as a Lessee

The following table presents information of lease transactions as a lessee for the fiscal years ended March 31, 2023 and 2024:

	2023			2024
	(in millions, except years and  percentages)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	¥	282		¥	322
Operating cash flows from operating leases	101,549			91,424
Financing cash flows from finance leases	8,124			9,115
Right-of-use assets obtained in exchange for new finance lease liabilities	11,066			16,174
Right-of-use assets obtained in exchange for new operating lease liabilities	35,678			50,996
Weighted-average remaining lease term:
Finance leases	3.5 years			3.8 years
Operating leases	7.6 years			7.3 years
Weighted-average discount rate:
Finance leases	0.84		%	1.17		%
Operating leases	0.90		%	1.48		%

Maturities of Lease Liabilities as a Leasee

Maturities of lease liabilities as of March 31, 2024 are as follows:

	Finance  leases		Operating  leases
	(in millions)
2025	¥	9,313	¥	80,332
2026	6,484		61,524
2027	5,055		45,592
2028	3,901		38,458
2029	1,978		29,947
2030 and thereafter	434		91,907
Total undiscounted cash flows	27,165		347,760
Difference between undiscounted and discounted cash flows	(794)		(19,201)
Amount on balance sheet	¥	26,371	¥	328,559

Profit or Loss of Lease Transactions as a Lessor

The following table presents profit or loss of lease transactions as a lessor for the fiscal years ended March 31, 2022, 2023 and 2024:

	2022		2023		2024
	(in millions)
Sales type and direct financing leases:
Finance income on net investment	¥	116,430	¥	127,724	¥	143,086
Operating leases:
Lease income	4,202		6,978		8,545
Total	¥	120,632	¥	134,702	¥	151,631

Component of Direct Financing Lease Transactions

The following table presents the components of sales type and direct financing leases transactions as of March 31, 2023 and 2024:

	2023		2024
	(in millions)
Lease receivables (undiscounted)	¥	2,046,277	¥	2,281,720
Adjustments:
Discounted unguaranteed residual value	10,278		7,470
Initial direct cost on sales type and direct financing leases	32,780		36,671
Deferred selling profit	(350,553)		(403,356)
Net investment in sales type and direct financing leases	¥	1,738,782	¥	1,922,505

Maturity of the Lease Payment Receivables of Direct Financing Lease Transactions

The following table presents maturity of the lease payment receivables of sales type and direct financing lease transactions as of March 31, 2024:

	Lease  receivables
	(in millions)
2025	¥	559,547
2026	535,710
2027	420,824
2028	306,061
2029	207,992
2030 and thereafter	251,586
Total undiscounted cash flows	2,281,720
Difference between undiscounted cash flows and the lease receivables recognized on balance sheet	(359,215)
Amount on balance sheet	¥	1,922,505