| Leases |
Sony leases communication and commercial equipment, plant, office space, warehouses, employees’ residential facilities and other assets.
The changes in ROU assets for the fiscal years ended March 31, 2025 and 2026 are as follows:
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| Balance as of April 1, 2024: |
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| Carrying amount |
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14,815 |
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424,508 |
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64,072 |
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503,395 |
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| Changes in the carrying amount |
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| Increase due to new lease agreements and remeasurement of lease liabilities |
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6,104 |
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102,348 |
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6,366 |
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114,818 |
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| Decrease due to termination of lease agreements and remeasurement of lease liabilities |
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(4 |
) |
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(13,615 |
) |
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(1,334 |
) |
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(14,953 |
) |
| Depreciation |
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(1,342 |
) |
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(87,916 |
) |
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(12,774 |
) |
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(102,032 |
) |
| Other |
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(288 |
) |
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20,928 |
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(183 |
) |
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20,457 |
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| Total changes |
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4,470 |
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21,745 |
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(7,925 |
) |
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18,290 |
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| Balance as of March 31, 2025: |
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| Carrying amount |
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19,285 |
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446,253 |
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56,147 |
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521,685 |
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| Changes in the carrying amount |
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| Increase due to new lease agreements and remeasurement of lease liabilities |
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186 |
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77,859 |
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6,210 |
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84,255 |
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| Decrease due to termination of lease agreements and remeasurement of lease liabilities |
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(38 |
) |
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(9,973 |
) |
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(1,777 |
) |
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(11,788 |
) |
Classified as held for distribution to owners *1 |
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(7,536 |
) |
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(67,291 |
) |
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(722 |
) |
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(75,549 |
) |
| Depreciation |
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(1,086 |
) |
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(83,780 |
) |
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(12,239 |
) |
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(97,105 |
) |
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1,072 |
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101,634 |
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141 |
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102,847 |
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| Total changes |
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(7,402 |
) |
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18,449 |
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(8,387 |
) |
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2,660 |
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| Balance as of March 31, 2026: |
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| Carrying amount |
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11,883 |
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464,702 |
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47,760 |
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524,345 |
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*1 |
In connection with the Resolution for the plan regarding the execution of the Partial Spin-off of the Financial Services business, the Financial Services business was classified as a discontinued operation. Therefore, the assets of the Financial Services business have been classified as a disposal group held for distribution to owners. As a result of the execution of the Partial Spin-off of the Financial Services business, SFGI, which operates the Financial Services business, has been excluded from consolidation. Therefore, there are no balances related to the Financial Services business as of March 31, 2026. |
| *2 |
The amount includes 95,938 million yen of ROU assets arising from lease agreements with the Financial Services business that were previously eliminated as intercompany transactions. Following the execution of the Partial Spin-off of the Financial Services business, these leases became external transactions and are therefore recognized in the consolidated statements of financial position. |
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Income, expenses, and cash flows (except for depreciation) arising from lease contracts as a lessee and lessor are as follows: |
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Fiscal year ended March 31 |
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| Interest expenses on lease liabilities |
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12,833 |
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15,401 |
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17,326 |
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| Expenses related to short-term leases accounted for applying an exemption |
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20,798 |
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35,767 |
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32,655 |
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| Income from subleases |
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(1,589 |
) |
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(1,202 |
) |
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(1,283 |
) |
| Net cash outflows for leases |
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100,438 |
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109,673 |
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|
112,534 |
| Note: The above amounts include income or loss and cash flows from the Financial Services business, which are presented in net income (loss) from discontinued operations in the consolidated statements of income and in net cash used in financing activities from discontinued operations in the consolidated statements of cash flows. Refer to Note 6 for the maturity analysis of Sony’s financial liabilities including lease liabilities. Refer to Note 6 for the maturity analysis of Sony’s financial liabilities including lease liabilities. |