Fair value measurements (Tables)

12 Months Ended

Mar. 31, 2025

Disclosure of Fair Values of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes the fair values of the assets and liabilities measured at fair value on a recurring basis. Transfers between levels of the fair value are recognized at the date of the event or change in circumstances that caused the transfer:


	Yen in millions
	March 31, 2024
	Level 1		Level 2			Level 3		Total
Other financial assets:
Financial assets measured at fair value through profit or loss
Public and corporate bonds		105,367		106,169			10,208		221,743
Stocks		—		—			212,393		212,393
Investment trusts		288,071		265,103			—		553,174
Derivative financial instruments		—		552,921			—		552,921

Total		393,438		924,193			222,601		1,540,232

Financial assets measured at fair value through other comprehensive income
Public and corporate bonds		4,245,238		4,013,583			20,962		8,279,783
Stocks		3,641,197		—			188,696		3,829,893
Other		11,537		—			—		11,537

Total		7,897,972		4,013,583			209,658		12,121,213

Other financial liabilities:
Financial liabilities measured at fair value through profit or loss
Derivative financial instruments		—		(432,189	)		—		(432,189	)

Total		—		(432,189	)		—		(432,189	)


	Yen in millions
	March 31, 2025
	Level 1		Level 2			Level 3		Total
Other financial assets:
Financial assets measured at fair value through profit or loss
Public and corporate bonds . . . . . . .		110,516		110,488			10,710		231,713
Stocks . . . . . . . . . . . . . . . . . . . . . . . .		—		—			46,215		46,215
Investment trusts		286,799		331,429			—		618,228
Derivative financial instruments . . .		—		458,579			24,800		483,378

Total . . . . . . . . . . . . . . . . . . . .		397,315		900,495			81,724		1,379,534

Financial assets measured at fair value through other comprehensive income
Public and corporate bonds . . . . . . .		4,487,174		4,571,862			19,401		9,078,437
Stocks . . . . . . . . . . . . . . . . . . . . . . . .		3,054,754		—			192,131		3,246,885
Other . . . . . . . . . . . . . . . . . . . . . . . .		10,947		—			—		10,947

Total . . . . . . . . . . . . . . . . . . . .		7,552,875		4,571,862			211,532		12,336,269

Other financial liabilities:
Financial liabilities measured at fair value through profit or loss
Derivative financial instruments . . .		—		(319,881	)		—		(319,881	)

Total . . . . . . . . . . . . . . . . . . . .		—		(319,881	)		—		(319,881	)

Disclosure of Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the years ended March 31, 2024 and 2025:


	Yen in millions
	For the year ended March 31, 2024
	Public and corporate bonds			Stocks			Derivative financial instruments		Total
Balance at beginning of year		33,332			367,274			—		400,606
Total gains (losses)
Net income (loss)		28			22,254			—		22,282
Other comprehensive income (loss)		—			(6,803	)		—		(6,803	)
Purchases and issuances		4,910			27,768			—		32,678
Sales and settlements		(6,155	)		(971	)		—		(7,126	)
Transfer to (from) Level 3		21			—			—		21
Others		(967	)		(8,432	)		—		(9,399	)

Balance at end of year		31,170			401,089			—		432,259

Unrealized gains or losses included in profit or loss on assets held at March 31		(40	)		22,254			—		22,214

Total		(40	)		22,254			—		22,214


	Yen in millions
	For the year ended March 31, 2025
	Public and corporate bonds			Stocks			Derivative financial instruments		Total
Balance at beginning of year . . . . . . . . . . .		31,170			401,089			—		432,259
Total gains (losses)
Net income (loss) . . . . . . . . . . . . . . . . .		(8	)		(87,665	)		24,800		(62,873	)
Other comprehensive income (loss) . . .		—			(40,717	)		—		(40,717	)
Purchases and issuances . . . . . . . . . . . . . .		9,572			36,330			—		45,902
Sales and settlements . . . . . . . . . . . . . . . .		(9,210	)		(1,035	)		—		(10,245	)
Transfer to (from) Level 3 . . . . . . . . . . . .		(3,125	)		(77,884	)		—		(81,009	)
Others . . . . . . . . . . . . . . . . . . . . . . . . . . . .		1,711			8,228			—		9,939

Balance at end of year . . . . . . . . . . . . . . .		30,111			238,346			24,800		293,257

Unrealized gains or losses included in profit or loss on assets held at March 31 . .		(76	)		(87,665	)		—		(87,741	)

Total . . . . . . . . . . . . . . . . . . . . . . .		(76	)		(87,665	)		—		(87,741	)

Disclosure of Carrying Amount And Fair Value of Financial Assets And Liabilities

The following table summarizes the carrying amount and the fair value of financial assets and liabilities measured on an amortized cost basis:


	Yen in millions
	March 31, 2024
			Fair value
	Carrying amount		Level 1		Level 2		Level 3		Total
Receivables related to financial services		31,694,359		—		—		31,787,879		31,787,879
Interest-bearing liabilities
Long-term debt (Including current portion)		30,611,253		—		23,941,863		6,261,858		30,203,722


	Yen in millions
	March 31, 2025
			Fair value
	Carrying amount		Level 1		Level 2		Level 3		Total
Receivables related to financial services		33,625,035		—		—		34,004,152		34,004,152
Interest-bearing liabilities
Long-term debt (Including current portion)		32,795,058		—		25,706,416		6,972,698		32,679,114