Offsetting of financial assets and financial liabilities

12 Months Ended

Mar. 31, 2025

Offsetting of financial assets and financial liabilities

16.	Offsetting of financial assets and financial liabilities

Tables below show the gross amounts of financial assets and liabilities, amounts offset, and net amounts presented in the consolidated statements of financial position, as well as the financial assets and liabilities that are subject to enforceable master netting agreements or similar agreements, as of March 31, 2024 and 2025.


	Yen in millions
	March 31, 2024
	Gross amounts recognized financial assets and financial liabilities		Amounts offset in the consolidated statements of financial position		Net amounts presented in the consolidated statements of financial position		Gross amounts not offset in the consolidated statements of financial position
							Financial instruments		Cash collateral		Net amounts
Derivative assets *1		33,661		-		33,661		12,098		17,878		3,685
Trade receivables *2		48,925		47,550		1,375		-		-		1,375

Total assets		82,586		47,550		35,036		12,098		17,878		5,060

Derivative liabilities *1		28,107		-		28,107		13,153		6,522		8,432
Trade payables *2		69,436		47,550		21,886		-		-		21,886
Short-term borrowings *3		1,504,893		-		1,504,893		1,503,455		-		1,438

Total liabilities		1,602,436		47,550		1,554,886		1,516,608		6,522		31,756


	Yen in millions
	March 31, 2025
	Gross amounts recognized financial assets and financial liabilities		Amounts offset in the consolidated statements of financial position		Net amounts presented in the consolidated statements of financial position		Gross amounts not offset in the consolidated statements of financial position
							Financial instruments		Cash collateral		Net amounts
Derivative assets *1		52,388		-		52,388		22,228		12,402		17,758
Trade receivables *2		62,525		61,367		1,158		-		-		1,158

Total assets		114,913		61,367		53,546		22,228		12,402		18,916

Derivative liabilities *1		35,554		-		35,554		22,228		3,547		9,779
Trade payables *2		122,408		61,367		61,041		-		-		61,041
Short-term borrowings *3		1,521,040		-		1,521,040		1,514,271		-		6,769

Total liabilities		1,679,002		61,367		1,617,635		1,536,499		3,547		77,589

Certain subsidiaries have entered into master netting agreements or other similar agreements, which are mainly International Swaps and Derivatives Association (“ISDA”) Master Agreements. An ISDA Master Agreement is an agreement between two counterparties that may have multiple derivative contracts with each other, and such ISDA Master Agreement may provide for the net settlement of all or a specified group of these derivative contracts, through a single payment, in a single currency, in the event of a default on or affecting any one derivative contract, or a termination event affecting all or a specified group of derivative contracts. Master netting agreements create a right of set off, but the master netting agreements do not automatically provide for such set off.

*2	Amounts offset in the consolidated statements of financial position are related to repurchase agreements of products.

*3	Short-term borrowings relate to bond lending transactions and repurchase agreements (repos).