Financial Instruments (Tables)

12 Months Ended

Mar. 31, 2026

Schedule of Financial Assets at Fair Value


	JPY (millions) As of March 31, 2025
	Financial assets measured at amortized cost		Measured at fair value through other comprehensive income		Measured at fair value through profit or loss		Derivative hedging instruments		Other financial liabilities		Total
Financial assets measured at fair value
Other financial assets -
Investments in equity instruments	¥	—	¥	151,687	¥	—	¥	—	¥	—	¥	151,687
Derivative financial instruments	—		—		12,361		72,007		—		84,369
Investments in convertible notes	—		—		10,424		—		—		10,424
Investments in debt instruments	—		79,342		12,005		—		—		91,348
Financial assets associated with contingent consideration arrangements	—		—		10,197		—		—		10,197
Trade and other receivables	—		65,568		—		—		—		65,568
Total	¥	—	¥	296,597	¥	44,987	¥	72,007	¥	—	¥	413,592

Financial assets not measured at fair value
Other financial assets	¥	23,576	¥	—	¥	—	¥	—	¥	—	¥	23,576
Trade and other receivables	643,896		—		—		—		—		643,896
Cash and cash equivalents	385,113		—		—		—		—		385,113
Total	¥	1,052,586	¥	—	¥	—	¥	—	¥	—	¥	1,052,586

Financial liabilities measured at fair value
Other financial liabilities -
Derivative financial instruments	¥	—	¥	—	¥	16,309	¥	219	¥	—	¥	16,528
Financial liabilities associated with contingent consideration arrangements	—		—		4,362		—		—		4,362

Total	¥	—	¥	—	¥	20,671	¥	219	¥	—	¥	20,890

Financial liabilities not measured at fair value
Other financial liabilities -
Lease liabilities	¥	—	¥	—	¥	—	¥	—	¥	573,325	¥	573,325
Other	—		—		—		—		175,805		175,805
Trade and other payables	—		—		—		—		475,541		475,541
Bonds and loans	—		—		—		—		4,515,265		4,515,265
Total	¥	—	¥	—	¥	—	¥	—	¥	5,739,936	¥	5,739,936


	JPY (millions) As of March 31, 2026
	Financial assets measured at amortized cost		Measured at fair value through other comprehensive income		Measured at fair value through profit or loss		Derivative hedging instruments		Other financial liabilities		Total
Financial assets measured at fair value
Other financial assets -
Investments in equity instruments	¥	—	¥	173,034	¥	—	¥	—	¥	—	¥	173,034
Derivative financial instruments	—		—		11,102		156,818		—		167,920
Investments in convertible notes	—		—		8,776		—		—		8,776
Investments in debt instruments	—		85,148		21,219		—		—		106,366
Financial assets associated with contingent consideration arrangements	—		—		10,488		—		—		10,488
Trade and other receivables	—		66,424		—		—		—		66,424
Total	¥	—	¥	324,606	¥	51,585	¥	156,818	¥	—	¥	533,009

Financial assets not measured at fair value
Other financial assets	¥	15,244	¥	—	¥	—	¥	—	¥	—	¥	15,244
Trade and other receivables	777,888		—		—		—		—		777,888
Cash and cash equivalents	595,054		—		—		—		—		595,054
Total	¥	1,388,186	¥	—	¥	—	¥	—	¥	—	¥	1,388,186

Financial liabilities measured at fair value
Other financial liabilities -
Derivative financial instruments	¥	—	¥	—	¥	20,524	¥	—	¥	—	¥	20,524
Financial liabilities associated with contingent consideration arrangements	—		—		3,185		—		—		3,185

Total	¥	—	¥	—	¥	23,709	¥	—	¥	—	¥	23,709

Financial liabilities not measured at fair value
Other financial liabilities -
Lease liabilities	¥	—	¥	—	¥	—	¥	—	¥	594,520	¥	594,520
Other	—		—		—		—		94,240		94,240
Trade and other payables	—		—		—		—		491,345		491,345
Bonds and loans	—		—		—		—		4,881,837		4,881,837
Total	¥	—	¥	—	¥	—	¥	—	¥	6,061,942	¥	6,061,942

Schedule of Financial Liabilities at Fair Value


	JPY (millions) As of March 31, 2025
	Financial assets measured at amortized cost		Measured at fair value through other comprehensive income		Measured at fair value through profit or loss		Derivative hedging instruments		Other financial liabilities		Total
Financial assets measured at fair value
Other financial assets -
Investments in equity instruments	¥	—	¥	151,687	¥	—	¥	—	¥	—	¥	151,687
Derivative financial instruments	—		—		12,361		72,007		—		84,369
Investments in convertible notes	—		—		10,424		—		—		10,424
Investments in debt instruments	—		79,342		12,005		—		—		91,348
Financial assets associated with contingent consideration arrangements	—		—		10,197		—		—		10,197
Trade and other receivables	—		65,568		—		—		—		65,568
Total	¥	—	¥	296,597	¥	44,987	¥	72,007	¥	—	¥	413,592

Financial assets not measured at fair value
Other financial assets	¥	23,576	¥	—	¥	—	¥	—	¥	—	¥	23,576
Trade and other receivables	643,896		—		—		—		—		643,896
Cash and cash equivalents	385,113		—		—		—		—		385,113
Total	¥	1,052,586	¥	—	¥	—	¥	—	¥	—	¥	1,052,586

Financial liabilities measured at fair value
Other financial liabilities -
Derivative financial instruments	¥	—	¥	—	¥	16,309	¥	219	¥	—	¥	16,528
Financial liabilities associated with contingent consideration arrangements	—		—		4,362		—		—		4,362

Total	¥	—	¥	—	¥	20,671	¥	219	¥	—	¥	20,890

Financial liabilities not measured at fair value
Other financial liabilities -
Lease liabilities	¥	—	¥	—	¥	—	¥	—	¥	573,325	¥	573,325
Other	—		—		—		—		175,805		175,805
Trade and other payables	—		—		—		—		475,541		475,541
Bonds and loans	—		—		—		—		4,515,265		4,515,265
Total	¥	—	¥	—	¥	—	¥	—	¥	5,739,936	¥	5,739,936


	JPY (millions) As of March 31, 2026
	Financial assets measured at amortized cost		Measured at fair value through other comprehensive income		Measured at fair value through profit or loss		Derivative hedging instruments		Other financial liabilities		Total
Financial assets measured at fair value
Other financial assets -
Investments in equity instruments	¥	—	¥	173,034	¥	—	¥	—	¥	—	¥	173,034
Derivative financial instruments	—		—		11,102		156,818		—		167,920
Investments in convertible notes	—		—		8,776		—		—		8,776
Investments in debt instruments	—		85,148		21,219		—		—		106,366
Financial assets associated with contingent consideration arrangements	—		—		10,488		—		—		10,488
Trade and other receivables	—		66,424		—		—		—		66,424
Total	¥	—	¥	324,606	¥	51,585	¥	156,818	¥	—	¥	533,009

Financial assets not measured at fair value
Other financial assets	¥	15,244	¥	—	¥	—	¥	—	¥	—	¥	15,244
Trade and other receivables	777,888		—		—		—		—		777,888
Cash and cash equivalents	595,054		—		—		—		—		595,054
Total	¥	1,388,186	¥	—	¥	—	¥	—	¥	—	¥	1,388,186

Financial liabilities measured at fair value
Other financial liabilities -
Derivative financial instruments	¥	—	¥	—	¥	20,524	¥	—	¥	—	¥	20,524
Financial liabilities associated with contingent consideration arrangements	—		—		3,185		—		—		3,185

Total	¥	—	¥	—	¥	23,709	¥	—	¥	—	¥	23,709

Financial liabilities not measured at fair value
Other financial liabilities -
Lease liabilities	¥	—	¥	—	¥	—	¥	—	¥	594,520	¥	594,520
Other	—		—		—		—		94,240		94,240
Trade and other payables	—		—		—		—		491,345		491,345
Bonds and loans	—		—		—		—		4,881,837		4,881,837
Total	¥	—	¥	—	¥	—	¥	—	¥	6,061,942	¥	6,061,942

Schedule of Fair Value Measurement of Assets


	JPY (millions) As of March 31, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Financial assets measured at fair value through profit or loss
Derivative financial instruments	¥	—	¥	2,892	¥	9,470	¥	12,361
Investment in convertible notes	—		—		10,424		10,424
Investment in debt instruments	—		—		12,005		12,005
Financial assets associated with contingent consideration arrangements	—		—		10,197		10,197
Derivative financial instruments for which hedge accounting is applied	—		72,007		—		72,007
Financial assets measured at fair value through OCI
Trade and other receivables	—		65,568		—		65,568
Equity instruments	78,073		—		73,614		151,687
Investments in debt instruments	79,342		—		—		79,342
Total	¥	157,415	¥	140,467	¥	115,709	¥	413,592

Liabilities:
Financial liabilities measured at fair value through profit or loss
Derivative financial instruments	¥	—	¥	6,475	¥	9,834	¥	16,309
Financial liabilities associated with contingent consideration arrangements	—		—		4,362		4,362

Derivative financial instruments for which hedge accounting is applied	—		219		—		219
Total	¥	—	¥	6,694	¥	14,196	¥	20,890


	JPY (millions) As of March 31, 2026
	Level 1		Level 2		Level 3		Total
Assets:
Financial assets measured at fair value through profit or loss
Derivative financial instruments	¥	—	¥	1,849	¥	9,253	¥	11,102
Investment in convertible notes	—		—		8,776		8,776
Investment in debt instruments	—		—		21,219		21,219
Financial assets associated with contingent consideration arrangements	—		—		10,488		10,488
Derivative financial instruments for which hedge accounting is applied	—		156,818		—		156,818
Financial assets measured at fair value through OCI
Trade and other receivables	—		66,424		—		66,424
Equity instruments	106,729		—		66,306		173,034
Investments in debt instruments	85,148		—		—		85,148
Total	¥	191,876	¥	225,091	¥	116,042	¥	533,009

Liabilities:
Financial liabilities measured at fair value through profit or loss
Derivative financial instruments	¥	—	¥	8,358	¥	12,166	¥	20,524
Financial liabilities associated with contingent consideration arrangements	—		—		3,185		3,185


Total	¥	—	¥	8,358	¥	15,351	¥	23,709


	JPY (millions) For the Year Ended March 31
	2025				2026
	Financial assets associated with contingent consideration arrangements		Equity instruments		Financial assets associated with contingent consideration arrangements		Equity instruments
As of the beginning of the year	¥	12,293	¥	88,925	¥	10,197	¥	73,614

Recognition of financial assets associated with contingent consideration arrangements	147		—		—		—
Changes recognized as finance income (expenses)	516		—		564		—
Changes in fair value of financial assets associated with contingent consideration due to other elements than time value	(1,789)		—		(566)		—
Changes in fair value of financial assets measured at fair value through OCI and exchange differences on translation of foreign operations	(970)		(16,846)		293		(10,676)

Purchases	—		2,843		—		3,236
Sales	—		(361)		—		(777)
Transfers to Level 1	—		(1,626)		—		—

Acquisition from conversion of convertible notes	—		1,488		—		1,500
Transfers to investments accounted for using the equity method	—		(809)		—		(1,182)
Transfers from investments accounted for using the equity method	—		—		—		591

As of the end of the year	¥	10,197	¥	73,614	¥	10,488	¥	66,306

Schedule of Fair Value Measurement of Liabilities


	JPY (millions) As of March 31, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Financial assets measured at fair value through profit or loss
Derivative financial instruments	¥	—	¥	2,892	¥	9,470	¥	12,361
Investment in convertible notes	—		—		10,424		10,424
Investment in debt instruments	—		—		12,005		12,005
Financial assets associated with contingent consideration arrangements	—		—		10,197		10,197
Derivative financial instruments for which hedge accounting is applied	—		72,007		—		72,007
Financial assets measured at fair value through OCI
Trade and other receivables	—		65,568		—		65,568
Equity instruments	78,073		—		73,614		151,687
Investments in debt instruments	79,342		—		—		79,342
Total	¥	157,415	¥	140,467	¥	115,709	¥	413,592

Liabilities:
Financial liabilities measured at fair value through profit or loss
Derivative financial instruments	¥	—	¥	6,475	¥	9,834	¥	16,309
Financial liabilities associated with contingent consideration arrangements	—		—		4,362		4,362

Derivative financial instruments for which hedge accounting is applied	—		219		—		219
Total	¥	—	¥	6,694	¥	14,196	¥	20,890


	JPY (millions) As of March 31, 2026
	Level 1		Level 2		Level 3		Total
Assets:
Financial assets measured at fair value through profit or loss
Derivative financial instruments	¥	—	¥	1,849	¥	9,253	¥	11,102
Investment in convertible notes	—		—		8,776		8,776
Investment in debt instruments	—		—		21,219		21,219
Financial assets associated with contingent consideration arrangements	—		—		10,488		10,488
Derivative financial instruments for which hedge accounting is applied	—		156,818		—		156,818
Financial assets measured at fair value through OCI
Trade and other receivables	—		66,424		—		66,424
Equity instruments	106,729		—		66,306		173,034
Investments in debt instruments	85,148		—		—		85,148
Total	¥	191,876	¥	225,091	¥	116,042	¥	533,009

Liabilities:
Financial liabilities measured at fair value through profit or loss
Derivative financial instruments	¥	—	¥	8,358	¥	12,166	¥	20,524
Financial liabilities associated with contingent consideration arrangements	—		—		3,185		3,185


Total	¥	—	¥	8,358	¥	15,351	¥	23,709

Schedule of Fair Value of Contingent Consideration Classified as Level 3

The fair value of financial liabilities associated with contingent consideration arrangements are classified as Level 3 in the fair value hierarchy. The following table shows a reconciliation from the opening balances to the closing balances and payment term for financial liabilities associated with contingent consideration arrangements for the years ended March 31, 2025 and 2026, respectively. There are no significant changes in fair value during the changes in significant assumptions which influence the fair value measurement for financial liabilities associated with contingent consideration arrangements.


	JPY (millions) For the Year Ended March 31
	2025		2026
As of the beginning of the year	¥	7,772	¥	4,362


Changes in the fair value during the period	(2,059)		476
Settled and paid during the period	(774)		—

Foreign currency translation differences	(577)		(1,652)

As of the end of the year	¥	4,362	¥	3,185

	JPY (millions) As of March 31
	2025		2026
Payment term (undiscounted)
Within one year	¥	3,003	¥	3,103
Between one and three years	1,398		83

Schedule of Financial Liabilities Not Measured at Fair Value

The carrying amount and fair value of financial instruments that are not measured at fair value in the consolidated statements of financial position are as follows. Fair value information is not provided for financial instruments, if the carrying amount is a reasonable estimate of fair value due to the relatively short period of maturity of these instruments.


	JPY (millions) As of March 31
	2025				2026
	Carrying amount		Fair value		Carrying amount		Fair value
Bonds	¥	3,920,632	¥	3,578,117	¥	4,656,812	¥	4,269,732
Long-term loans	250,012		245,220		225,000		217,426

Schedule of Derivative Assets and Liabilities


	JPY (millions) As of March 31, 2025
	Contract amount		Contract amount to be settled in more than one year		Fair value
Forward exchange contracts:
Selling:
Euro	¥	1,178,796	¥	—	¥	(3,120)
United States Dollar	128,717		—		1,673
Buying:
Euro	305,964		—		1,054


United States Dollar	129,574		—		(1,693)
Cross currency interest rate swaps:
Buying:
United States Dollar	774,089		774,089		68,154


	JPY (millions) As of March 31, 2026
	Contract amount		Contract amount to be settled in more than one year		Fair value
Forward exchange contracts:
Selling:
Euro	¥	1,562,772	¥	—	¥	(4,332)

Buying:
Euro	513,196		—		(2,177)


Cross currency interest rate swaps:
Buying:
United States Dollar	774,089		774,089		155,015

The following summarizes interest rate swaps, forward interest rate contracts, and cross currency interest rate swaps designated as cash flow hedges as of March 31:


	JPY (millions) As of March 31
	Contract amount		Contract amount to be settled in more than one year		Fair value
2025	¥	1,103,099	¥	829,089	¥	70,291
2026	829,089		814,089		156,818

The following tables represent the items designated as hedging instruments, amounts within other components of equity related to items designated as hedged items and amounts of changes in fair value of hedging instruments recorded in other comprehensive income and the amounts reclassified from the hedging reserve to profit or loss as of and for the year ended March 31, 2025:


		JPY (millions) As of March 31, 2025
	Notional	Carrying amount – assets	Carrying amount – liabilities	Line item in the statement of financial position where hedging instrument is included	Average rate used for the fair value of the hedging instrument
Cash flow hedges
Interest risk

Interest rate swaps	JPY 130,000 million	1,412	—	Other financial assets	1.04	%
Forward interest rate contracts	JPY 50,000 million	119	37	Other financial assets /liabilities	1.32	%
	USD 1,000 million	650	7	Other financial asset/liability	4.20	%
Currency and interest risk
Cross currency interest rate swaps	USD 5,750 million	68,154	—	Other financial assets	134.62 JPY (0.11)%
Net investment hedges
Foreign currency denominated bonds and loans	USD 6,506 million	—	969,495	Bonds and loans
	EUR 6,632 million	—	1,070,017	Bonds and loans
Forward exchange contracts	USD 863 million	1,673	—	Other financial assets
	EUR 1,000 million	—	175	Other financial liabilities


	JPY (millions) As of March 31, 2025
	Balance in cash flow hedges and net investment hedges		Balance in hedge cost reserve
Cash flow hedges
Interest risk
Interest rate swaps	¥	1,010	¥	—
Forward interest rate contracts	(15,795)		—
Currency and interest risk
Cross currency interest rate swaps	(53,627)		(7,967)
Currency risk
Hedge related to acquisition	3,560		—
Net investment hedges
Foreign currency denominated bonds and loans	324,759		—
Forward exchange contracts	203,262		—


	JPY (millions) For the year ended March 31, 2025
	Amounts recognized in OCI				Amount reclassified to profit or loss
	Change in fair value of hedging instruments		Hedging costs		Cash flow hedge		Hedging costs		Line item in which reclassification adjustment is included
Cash flow hedges
Interest risk
Interest rate swaps	¥	2,037	¥	—	¥	(6,415)	¥	—	Finance income
Forward interest rate contracts	2,301		—		2,317		—		Finance expenses
Currency and interest risk
Cross currency interest rate swaps	(711)		18,663		(2,355)		(7,350)		Finance income and Finance expenses


Net investment hedges
Foreign currency denominated bonds and loans	(19,662)		—		—		—
Forward exchange contracts	13,466		—		—		—

JPY (millions)

As of March 31, 2026

Notional

Carrying amount – assets

Carrying amount – liabilities

Line item in the statement of financial position where hedging instrument is included

Average rate used for the fair value of the hedging instrument

Cash flow hedges

Interest risk

Interest rate swaps

JPY 55,000 million

1,803

—

Other financial assets

1.70

Currency and interest risk

Cross currency interest rate swaps

USD 5,750 million

155,015

—

Other financial assets

134.62 JPY

(0.11)%

Net investment hedges

Foreign currency denominated bonds

USD 2,000 million

—

319,166

Bonds

EUR 6,627 million

—

1,212,915

Bonds


	JPY (millions) As of March 31, 2026
	Balance in cash flow hedges and net investment hedges		Balance in hedge cost reserve
Cash flow hedges
Interest risk
Interest rate swaps	¥	1,215	¥	—
Forward interest rate contracts	(13,323)		—
Currency and interest risk
Cross currency interest rate swaps	(27,354)		(4,808)
Currency risk
Hedge related to acquisition	3,560		—
Net investment hedges
Foreign currency denominated bonds	463,091		—
Forward exchange contracts	228,060		—


	JPY (millions) For the year ended March 31, 2026
	Amounts recognized in OCI				Amount reclassified to profit or loss
	Change in fair value of hedging instruments		Hedging costs		Cash flow hedge		Hedging costs		Line item in which reclassification adjustment is included
Cash flow hedges
Interest risk
Interest rate swaps	¥	528	¥	—	¥	(229)	¥	—	Finance income
Forward interest rate contracts	1,435		—		2,043		—		Finance expenses
Currency and interest risk
Cross currency interest rate swaps	109,946		6,155		(72,246)		(1,542)		Finance income


Net investment hedges
Foreign currency denominated bonds	157,640		—		—		—
Forward exchange contracts	57,733		—		—		—

Schedule of Age of Trade Receivables that are Past Due but not Impaired and Analysis of Impairment Analysis

The following represents the carrying amount of the trade receivables categorized by due date and the analysis of impairment loss allowance as of March 31, 2025 and 2026:


	JPY (millions) except for percentage As of March 31, 2025
				Amount past due
	Current			Within 30 days			Over 30 days but within 60 days			Over 60 days but within 90 days			Over 90 days but within one year			Over one year			Total
Gross carrying amount	¥	585,910		¥	28,481		¥	9,162		¥	5,605		¥	19,894		¥	12,127		¥	661,178
Impairment loss allowance	(1,965)			(299)			(459)			(505)			(2,171)			(4,364)			(9,763)
Net carrying amount	583,945			28,181			8,702			5,100			17,723			7,763			651,414
Weighted average loss rate (%)	0.3		%	1.1		%	5.0		%	9.0		%	10.9		%	36.0		%	1.5		%


	JPY (millions) except for percentage As of March 31, 2026
				Amount past due
	Current			Within 30 days			Over 30 days but within 60 days			Over 60 days but within 90 days			Over 90 days but within one year			Over one year			Total
Gross carrying amount	¥	705,556		¥	47,464		¥	11,364		¥	9,440		¥	23,187		¥	22,077		¥	819,088
Impairment loss allowance	(2,504)			(68)			(15)			(80)			(754)			(7,642)			(11,063)
Net carrying amount	703,051			47,396			11,349			9,361			22,433			14,435			808,025
Weighted average loss rate (%)	0.4		%	0.1		%	0.1		%	0.8		%	3.3		%	34.6		%	1.4		%

Summary of Increase (Decrease) in Loss Allowance for Trade Receivables

The following is a summary of the change in the impairment loss allowance for trade receivables for the years ended March 31, 2025 and 2026. The impairment loss allowance recognized for other than trade receivables is immaterial.


	JPY (millions)
	Bad debt provision calculated by simplified approach		Bad debt provision recognized to credit- impaired financial assets		Total
As of April 1, 2024	¥	3,833	¥	4,543	¥	8,376
Increases	3,249		550		3,799
Decreases (written off)	(1,590)		(391)		(1,981)
Decreases (reversed)	(258)		(56)		(314)
Foreign currency translation differences	(26)		(91)		(117)
As of March 31, 2025	¥	5,207	¥	4,556	¥	9,763
Increases	1,128		707		1,834
Decreases (written off)	(690)		(643)		(1,333)
Decreases (reversed)	(328)		(327)		(655)
Foreign currency translation differences	761		691		1,453
As of March 31, 2026	¥	6,079	¥	4,984	¥	11,063

Schedule of Derivative Financial Liabilities by Maturity

The table below presents the balances of financial liabilities by maturity. The total contract amount below reflects cash flows presented on an undiscounted cash flow basis, including interest expense. The amounts disclosed as of March 31, 2025 and 2026 are undiscounted cash flows using the respective spot foreign exchange rates as of March 31, 2025 and 2026.


	JPY (millions)
	Carrying amount		Total		Within one year		Between one and two years		Between two and three years		Between three and four years		Between four and five years		More than five years
As of March 31, 2025
Bonds and loans
Bonds	¥	4,190,632	¥	5,635,859	¥	499,779	¥	570,054	¥	216,517	¥	355,414	¥	1,046,745	¥	2,947,350
Loans	324,633		334,907		161,958		1,837		1,903		76,945		41,495		50,769

Trade and other payables	475,541		475,541		475,541		—		—		—		—		—
Lease liabilities	573,325		825,819		64,443		57,426		54,117		50,974		49,114		549,744
Derivative liabilities	16,528		18,043		7,766		1,078		1,047		1,013		1,081		6,057
Derivative assets	(84,369)		(269,425)		(35,404)		(29,400)		(29,428)		(30,556)		(18,240)		(126,397)

As of March 31, 2026
Bonds and loans
Bonds	¥	4,656,812	¥	6,448,659	¥	650,604	¥	263,936	¥	404,913	¥	1,121,772	¥	469,763	¥	3,537,671
Loans	225,026		246,247		3,505		3,629		78,885		43,490		2,010		114,727

Trade and other payables	491,345		491,345		491,345		—		—		—		—		—
Lease liabilities	594,520		847,049		65,443		62,679		58,269		55,393		51,561		553,705
Derivative liabilities	20,524		22,935		9,188		1,457		1,474		1,560		1,715		7,541
Derivative assets	(167,920)		(311,149)		(33,383)		(31,610)		(51,246)		(19,777)		(49,702)		(125,430)

Schedule of Non-Derivative Financial Liabilities by Maturity


	JPY (millions)
	Carrying amount		Total		Within one year		Between one and two years		Between two and three years		Between three and four years		Between four and five years		More than five years
As of March 31, 2025
Bonds and loans
Bonds	¥	4,190,632	¥	5,635,859	¥	499,779	¥	570,054	¥	216,517	¥	355,414	¥	1,046,745	¥	2,947,350
Loans	324,633		334,907		161,958		1,837		1,903		76,945		41,495		50,769

Trade and other payables	475,541		475,541		475,541		—		—		—		—		—
Lease liabilities	573,325		825,819		64,443		57,426		54,117		50,974		49,114		549,744
Derivative liabilities	16,528		18,043		7,766		1,078		1,047		1,013		1,081		6,057
Derivative assets	(84,369)		(269,425)		(35,404)		(29,400)		(29,428)		(30,556)		(18,240)		(126,397)

As of March 31, 2026
Bonds and loans
Bonds	¥	4,656,812	¥	6,448,659	¥	650,604	¥	263,936	¥	404,913	¥	1,121,772	¥	469,763	¥	3,537,671
Loans	225,026		246,247		3,505		3,629		78,885		43,490		2,010		114,727

Trade and other payables	491,345		491,345		491,345		—		—		—		—		—
Lease liabilities	594,520		847,049		65,443		62,679		58,269		55,393		51,561		553,705
Derivative liabilities	20,524		22,935		9,188		1,457		1,474		1,560		1,715		7,541
Derivative assets	(167,920)		(311,149)		(33,383)		(31,610)		(51,246)		(19,777)		(49,702)		(125,430)

Schedule of Reconciliation of Liabilities Arising from Financing Activities

Reconciliation of liabilities arising from financing activities


	JPY (millions)
	Bonds		Long-term loans		Short-term loans		Lease liabilities		Derivative assets used for hedge of debts		Total
As of April 1, 2024	¥	4,092,879	¥	750,622	¥	251	¥	619,639	¥	(95,368)	¥	5,368,024
Cash flows from financing activities
Net increase (decrease) in short-term loans and commercial papers	(47,000)		—		74,490		—		—		27,490
Proceeds from long-term loans	—		90,000		—		—		—		90,000
Repayments of long-term loans	—		(587,246)		—		—		—		(587,246)

Proceeds from bonds	934,460		—		—		—		—		934,460
Repayments of bonds	(733,844)		—		—		—		—		(733,844)
Proceeds from the settlement of cross currency interest rate swaps related to bonds	—		—		—		—		46,880		46,880
Repayments of lease liabilities	—		—		—		(45,174)		—		(45,174)
Interest paid	—		—		—		(24,511)		—		(24,511)


Non-cash items
Foreign exchange movement	(62,248)		(3,603)		(0)		(8,892)		—		(74,744)
Change in fair value	—		—		—		—		(19,666)		(19,666)
New, amended and terminated leases	—		—		—		7,752		—		7,752
Others	6,385		239		(119)		24,511		—		31,016
As of March 31, 2025	¥	4,190,632	¥	250,012	¥	74,621	¥	573,325	¥	(68,154)	¥	5,020,436


	JPY (millions)
	Bonds		Long-term loans		Short-term loans		Lease liabilities		Derivative assets used for hedge of debts		Total
As of April 1, 2025	¥	4,190,632	¥	250,012	¥	74,621	¥	573,325	¥	(68,154)	¥	5,020,436
Cash flows from financing activities
Net increase (decrease) in short-term loans and commercial papers	(270,000)		—		(71,780)		—		—		(341,780)
Proceeds from long-term loans	—		60,000		—		—		—		60,000
Repayments of long-term loans	—		(85,136)		—		—		—		(85,136)
Proceeds from bonds	526,060		—		—		—		—		526,060
Repayments of bonds	(115,296)		—		—		—		—		(115,296)

Repayments of lease liabilities	—		—		—		(42,772)		—		(42,772)
Interest paid	—		—		—		(24,366)		—		(24,366)


Non-cash items
Foreign exchange movement	320,067		104		(2,725)		39,709		—		357,155
Change in fair value	—		—		—		—		(86,862)		(86,862)
New, amended and terminated leases	—		—		—		24,259		—		24,259
Others	5,348		20		(90)		24,366		—		29,644
As of March 31, 2026	¥	4,656,812	¥	225,000	¥	26	¥	594,520	¥	(155,015)	¥	5,321,342

Others includes an increase in debts due to application of amortized cost method.