v3.25.2
Lease Transactions (Tables)
 12 Months Ended
Mar. 31, 2025
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, 2023, 2024 and 2025:
 2023
(As Adjusted)		2024
(As Adjusted)		2025
 (in millions)
Finance lease cost:
Amortization of right-of-use assets¥5,672 ¥6,352 ¥6,277 
Interest on lease liabilities218 341 373 
Operating lease cost67,297 65,719 67,281 
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, 2024 and 2025:
 2024
(As Adjusted)		2025
 
(in millions, except years and
 percentages)
Cash paid for amounts included in the measurement of lease liabilities:   
Operating cash flows from finance leases¥339 ¥372 
Operating cash flows from operating leases92,594 89,159 
Financing cash flows from finance leases9,251 9,240 
Right-of-use assets obtained in exchange for new finance lease liabilities15,987 4,657 
Right-of-use assets obtained in exchange for new operating lease liabilities51,764 40,608 
Weighted-average remaining lease term:
Finance leases3.8 years3.5 years
Operating leases7.3 years6.8 years
Weighted-average discount rate:
Finance leases1.17 %1.26 %
Operating leases1.48 %1.93 %
Maturities of Lease Liabilities as a Leasee
Maturities of lease liabilities as of March 31, 2025 are as follows:
 
Finance
 leases
 
Operating
 leases
 
(in millions)
2026¥7,485 ¥82,508 
20276,063 69,847 
20284,733 56,177 
20292,622 38,702 
2030676 25,144 
2031 and thereafter451 92,377 
Total undiscounted cash flows22,030 364,755 
Difference between undiscounted and discounted cash flows(570)(23,256)
Amount on balance sheet¥21,460 ¥341,499 
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, 2023, 2024 and 2025:
 2023
(As Adjusted)		2024
(As Adjusted)		2025
 (in millions)
Sales type and direct financing leases:
Finance income on net investment¥130,654 ¥145,433 ¥147,667 
Operating leases:
Lease income6,980 8,546 10,780 
Total¥137,634 ¥153,979 ¥158,447 
Component of Direct Financing Lease Transactions
The following table presents the components of sales type and direct financing leases transactions as of March 31, 2024 and 2025:
 2024
(As Adjusted)		2025
 
(in millions)
Lease receivables (undiscounted)¥2,264,022 ¥2,202,205 
Adjustments:
Discounted unguaranteed residual value7,446 7,772 
Initial direct cost on sales type and direct financing leases36,347 32,822 
Deferred selling profit(398,812)(366,108)
Net investment in sales type and direct financing leases¥1,909,003 ¥1,876,691 
Maturity of the Lease Payment Receivables of Direct Financing Lease Transactions
The following table presents maturity of the lease receivables of sales type and direct financing lease transactions including a reconciliation of undiscounted cash flows to the lease receivables recognized on balance sheet, and the lease payments of operating lease transactions as of March 31, 2025:
 
Lease
 receivables of sales type and direct financing lease
Lease payments of operating leases
 
(in millions)
2026¥573,406 ¥10,544 
2027523,333 8,480 
2028399,779 7,614 
2029315,258 7,060 
2030208,871 5,389 
2031 and thereafter181,558 68,804 
Total undiscounted cash flows2,202,205 107,891 
Difference between undiscounted cash flows and the lease receivables recognized on balance sheet(325,514)
Amount on balance sheet¥1,876,691