v3.25.2
Investments accounted for using the equity method
12 Months Ended
Mar. 31, 2025
Text block 1 [Abstract]  
Investments accounted for using the equity method
11. Investments accounted for using the equity method
Equity in associates and joint ventures is as follows:
 
    
Yen in millions
 
    
March 31,
 
    
2024
    
2025
 
Associates
  
 
4,616,598
 
  
 
4,887,674
 
Joint ventures
  
 
1,093,508
 
  
 
910,377
 
  
 
 
    
 
 
 
Total
  
 
5,710,106
 
  
 
5,798,051
 
  
 
 
    
 
 
 
 
 
The combined information of investments accounted for using the equity method (total value of TMC’s interests) is as follows:
 
    
Yen in millions
 
    
For the years ended March 31,
 
    
2023
    
2024
    
2025
 
Net income
        
Associates
       326,931          478,405        466,473  
Joint ventures
     316,132        284,732        124,747  
  
 
 
    
 
 
    
 
 
 
Total
     643,063        763,137        591,219  
  
 
 
    
 
 
    
 
 
 
Other comprehensive income, net of tax
        
Associates
     99,737        269,753        55,415  
Joint ventures
     3,295        52,361        2,712  
  
 
 
    
 
 
    
 
 
 
Total
     103,033        322,114        58,127  
  
 
 
    
 
 
    
 
 
 
Comprehensive income
        
Associates
     426,669        748,158        521,888  
Joint ventures
     319,428        337,093        127,459  
  
 
 
    
 
 
    
 
 
 
Total
     746,096        1,085,251        649,347