| Schedule of Composition of Debt Instruments |
| | | | | | | | | | | | | JPY (millions)
As of March 31 | | 2024 | | 2025 | | Bonds | ¥ | 4,092,879 | | | ¥ | 4,190,632 | | | Short-term loans | 251 | | | 74,621 | | | Long-term loans | 750,622 | | | 250,012 | | | Total | ¥ | 4,843,752 | | | ¥ | 4,515,265 | | | Non-current | ¥ | 4,476,501 | | | ¥ | 3,966,326 | | | Current | ¥ | 367,251 | | | ¥ | 548,939 | |
The composition of bonds is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Instrument | | | | JPY (millions)
Carrying amount | | | | Maturity | | Principal amount in contractual currency (millions) | | As of
March 31, 2024 | | As of
March 31, 2025 | | Interest rate (%) | | | 2019 Hybrid bonds (subordinated bonds) | | ¥ | 500,000 | | | 499,614 | | | — | | | 1.720% per annum through October 6, 2024 and 6 month LIBOR + margin (1.750 - 2.750%) thereafter | | June 2079 (7) | | | | | | | | | | | | | 2018 EUR Unsecured Senior Notes – fixed rate | | € | 3,000 | | | 487,381 | | | 482,180 | | |
2.250 - 3.000% | | November 2026 - November 2030 | | 2018 USD Unsecured Senior Notes – fixed rate | | $ | 1,750 | | | 263,701 | | | 259,681 | | | 5.000% | | November 2028 | | Unsecured Senior Notes Assumed in Shire Acquisition | | $3,000 as of March 31, 2024 $1,500 as of March 31, 2025 | | 439,725 | | | 219,033 | | | 3.200% | | September 2026 (5) | | Unsecured Senior Notes Assumed in Shire Acquisition | | $ | 1,301 | | | 198,116 | | | 195,295 | | | 4.000 - 5.250% | | June 2025 - June 2045 | | 2020 USD Unsecured Senior Notes – fixed rate | | $ | 7,000 | | | 1,053,742 | | | 1,037,021 | | | 2.050 - 3.375% | | March 2030 - July 2060 | | 2020 EUR Unsecured Senior Notes – fixed rate | | € | 3,600 | | | 584,105 | | | 577,703 | | | 0.750 - 2.000% | | July 2027 - July 2040 | | 2021 JPY Unsecured Senior Bonds – fixed rate | | ¥ | 250,000 | | | 249,495 | | | 249,561 | | | 0.400% | | October 2031 | | 2024 Hybrid bonds (subordinated bonds) | | ¥ | 460,000 | | | — | | | 457,983 | | | 1.934% per annum through June 25, 2029 and One-Year JGB interest rate + margin (1.400 - 2.400%) thereafter | | June 2084 (1)(3) | | 2024 USD Unsecured Senior Notes – fixed rate | | $ | 3,000 | | | — | | | 442,175 | | | 5.300 - 5.800% | | July 2034 - July 2064 (4) | | Commercial Paper | | ¥317,000 as of March 31, 2024 ¥270,000 as of March 31, 2025 (9) | | 317,000 | | | 270,000 | | | — | | April 2025 - June 2025 | | Total | | | | ¥ | 4,092,879 | | | ¥ | 4,190,632 | | | | | |
The composition of loans is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Instrument | | | | JPY (millions)
Carrying amount | | | | Maturity | | Principal amount in contractual currency (millions) | | As of
March 31, 2024 | | As of
March 31, 2025 | | Interest rate (%) | | | 2016 Syndicated Loans | | ¥ | 100,000 | | | 100,000 | | | — | | | 0.300% | | April 2026 (8) | | 2017 Syndicated Loans | | ¥ | 113,500 | | | 113,500 | | | — | | | 0.350% | | April 2027 (8) | | 2017 USD Syndicated Loans | | $ | 1,500 | | | 227,018 | | | — | | | 6 months Term SOFR + 0.42826% + 0.500% | | April 2027 (8) | | 2023 Syndicated Loans | | ¥ | 100,000 | | | 100,000 | | | — | | | 0.679% | | April 2030 (8) | | Bilateral Loans | | ¥ | 210,000 | | | 210,000 | | | 210,000 | | | 0.190 - 1.046% | | April 2025 - April 2031 (2) | | 2025 USD Bilateral Loan | | $ | 500 | | | — | | | 74,505 | | | 4.71492% | | April 2025 | | 2024 Syndicated Hybrid Loans (Subordinated Loans) | | ¥ | 40,000 | | | — | | | 40,000 | | | 6 months TIBOR＋margin (1.350% - 2.350%) | | October 2084 (1)(6) | | Other | | | | 355 | | | 128 | | | | | | | Total | | | | ¥ | 750,873 | | | ¥ | 324,633 | | | | | |
(1) The Hybrid Bonds are callable on or after June 25, 2029 and the Hybrid Loan is prepayable on or after October 3, 2029.
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