| Schedule of Composition of Debt Instruments |
| | | | | | | | | | | | | JPY (millions)
As of March 31 | | 2025 | | 2026 | | Bonds | ¥ | 4,190,632 | | | ¥ | 4,656,812 | | | Short-term loans | 74,621 | | | 26 | | | Long-term loans | 250,012 | | | 225,000 | | | Total | ¥ | 4,515,265 | | | ¥ | 4,881,837 | | | Non-current | ¥ | 3,966,326 | | | ¥ | 4,369,681 | | | Current | ¥ | 548,939 | | | ¥ | 512,157 | |
The composition of bonds is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Instrument | | | | JPY (millions)
Carrying amount | | | | Maturity | | Principal amount in contractual currency (millions) | | As of
March 31, 2025 | | As of
March 31, 2026 | | Interest rate (%) | | | | | | | | | | | | | | Unsecured Senior Notes Assumed in Shire Acquisition | | $ | 500 | | | 195,295 | | | 81,332 | | | 5.250% | | June 2045 | | Unsecured Senior Notes Assumed in Shire Acquisition | | $ | 1,500 | | | 219,033 | | | 237,743 | | | 3.200% | | September 2026 (4) | | 2018 EUR Unsecured Senior Notes – fixed rate | | € | 3,000 | | | 482,180 | | | 547,557 | | |
2.250 - 3.000% | | November 2026 - November 2030 | | 2018 USD Unsecured Senior Notes – fixed rate | | $ | 1,750 | | | 259,681 | | | 278,416 | | | 5.000% | | November 2028 | | 2020 USD Unsecured Senior Notes – fixed rate | | $ | 7,000 | | | 1,037,021 | | | 1,111,083 | | | 2.050 - 3.375% | | March 2030 - July 2060 | | 2020 EUR Unsecured Senior Notes – fixed rate | | € | 3,600 | | | 577,703 | | | 655,829 | | | 0.750 - 2.000% | | July 2027 - July 2040 | | 2021 JPY Unsecured Senior Bonds – fixed rate | | ¥ | 250,000 | | | 249,561 | | | 249,628 | | | 0.400% | | October 2031 | | 2024 Hybrid bonds (subordinated bonds) | | ¥ | 460,000 | | | 457,983 | | | 458,443 | | | 1.934% per annum through June 25, 2029 and One-Year JGB interest rate + margin (1.400 - 2.400%) thereafter | | June 2084 (1)(2) | | 2024 USD Unsecured Senior Notes – fixed rate | | $ | 3,000 | | | 442,175 | | | 473,755 | | | 5.300 - 5.800% | | July 2034 - July 2064 (3) | | 2025 JPY Unsecured-Senior Bonds – fixed rate | | ¥ | 184,000 | | | — | | | 183,609 | | | 1.599 - 2.292% | | June 2030 - June 2035 (7) | | 2025 USD Unsecured Guaranteed Senior Notes – fixed rate | | $ | 2,400 | | | — | | | 379,418 | | | 5.200 - 5.900% | | July 2035 - July 2055 (8) | | Commercial Paper | | ¥270,000 as of March 31, 2025(6) | | 270,000 | | | — | | | — | | April 2025 - June 2025 | | Total | | | | ¥ | 4,190,632 | | | ¥ | 4,656,812 | | | | | |
The composition of loans is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Instrument | | | | JPY (millions)
Carrying amount | | | | Maturity | | Principal amount in contractual currency (millions) | | As of
March 31, 2025 | | As of
March 31, 2026 | | Interest rate (%) | | | Bilateral Loans | | ¥ | 185,000 | | | 210,000 | | | 185,000 | | | 0.513 - 2.616% | | March 2029 - March 2034 (9) | | 2025 USD Bilateral Loan | | $500 as of March 31, 2025 | | 74,505 | | | — | | | 4.71492% | | July 2025 | | 2024 Syndicated Hybrid Loans (Subordinated Loans) | | ¥ | 40,000 | | | 40,000 | | | 40,000 | | | 6 months TIBOR＋margin (1.350% - 2.350%) | | October 2084 (1)(5) | | Other | | | | 128 | | | 26 | | | | | | | Total | | | | ¥ | 324,633 | | | ¥ | 225,026 | | | | | |
(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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