Employee benefits (Tables)

12 Months Ended

Mar. 31, 2026

Summary of Amounts Recognized in Relation to Net Defined Benefit Liability asset in Statements of Financial Position

Amounts recognized in the consolidated statements of financial position are as follows:


	Yen in millions
	Japanese plans						Foreign plans
	March 31						March 31
	2025			2026			2025			2026
Present value of defined benefit obligations		488,818			387,432			130,259			139,768
Fair value of plan assets		(439,943	)		(418,453	)		(49,648	)		(81,261	)
The impact of minimum funding requirement and asset ceiling		10,147			-			3,225			3,319

Net amount		59,022			(31,021	)		83,836			61,826

Amount recognized in the consolidated statements of financial position
Net defined benefit asset		(84,009	)		(127,452	)		(2,905	)		(2,314	)
Net defined benefit liability		143,031			96,431			86,741			64,140

Net amount		59,022			(31,021	)		83,836			61,826

Summary of Weighted Average Duration of Defined Benefit Obligations

The weighted average duration of defined benefit obligations as of March 31, 2025 and 2026 is as follows:

	$		$		$		$
	Japanese plans				Foreign plans
	March 31				March 31
	2025		2026		2025		2026
Weighted average duration of defined benefit obligations		10.6 years		10.7 years		11.9 years		11.3 years

Summary of Weighted-Average Actuarial Assumptions Used to Determine the Present Value of Defined Benefit Obligations

The significant actuarial assumptions used to determine the present value of defined benefit obligations as of March 31, 2025 and 2026 are as follows:

	$			$			$			$
	Japanese plans						Foreign plans
	March 31						March 31
	2025			2026			2025			2026
Discount rate		2.1	%		3.1	%		4.1	%		4.5	%

Summary of Sensitivity of the Defined Benefit Obligations

The sensitivities of the defined benefit obligations to changes in the significant weighted-average actuarial assumptions are as follows:

	$			$			$			$
	Yen in millions
	Japanese plans						Foreign plans
	March 31						March 31
Change in assumptions	2025			2026			2025			2026
Discount rate
0.25% decrease		11,336			8,434			3,628			6,616
0.25% increase		(10,878	)		(8,113	)		(3,437	)		(6,274	)

Summary of Defined Contribution Expenses

Total defined contribution expenses for the fiscal years ended March 31, 2024, 2025 and 2026 are as follows:


	Yen in millions
	Fiscal year ended March 31
	2024		2025		2026
Japanese plans		11,662		11,849		11,125
Foreign plans		16,137		17,209		19,112

Summary of Employee Benefit expense

Employee benefits expenses included in cost of sales, selling, general and administrative, and net income (loss) from discontinued operations in the consolidated statements of income for the fiscal years ended March 31, 2024, 2025 and 2026 are as follows:


	Yen in millions
	Fiscal year ended March 31
	2024		2025		2026
Total employee benefits expenses		1,743,936		1,840,803		1,784,569

Japanese Defined Benefit Plans [Member]

Statements [Line Items]

Summary of Fair Value of Plan Assets

The fair values of the assets held by Japanese and foreign plans are as follows:


	Yen in millions
	Japanese plans
	March 31 2025		Market price in active market
Asset class	March 31 2025		Quoted		Unquoted
Cash and cash equivalents		12,192		12,192		-
Equity securities *1		54,103		48,624		5,479
Fixed income:
Government bonds *2		11,565		382		11,183
Corporate bonds *3		5,241		18		5,223
Commingled funds *4		278,892		-		278,892
Private equity		35,115		-		35,115
Hedge funds		42,835		-		42,835

Total		439,943		61,216		378,727


	Yen in millions
	Japanese plans
	March 31 2026		Market price in active market
Asset class	March 31 2026		Quoted		Unquoted
Cash and cash equivalents		4,755		4,755		-
Equity securities *1		51,815		43,662		8,153
Fixed income:
Government bonds		3,773		3,773		-
Commingled funds *4		274,752		-		274,752
Private equity		36,814		-		36,814
Hedge funds		46,544		-		46,544

Total		418,453		52,190		366,263

*1	Represents primarily Japanese equity securities.

*2	Includes approximately 84% of debt securities issued by Japanese national and local governments, and 16% of debt securities issued by foreign national and local governments.

*3	Includes debt securities issued by Japanese and foreign corporations and government related agencies.

*4	Commingled funds represent pooled institutional investments, including primarily investment trusts.

Foreign Defined Benefit Plan [Member]

Statements [Line Items]

Summary of Fair Value of Plan Assets


	Yen in millions
	Foreign plans
	March 31 2025		Market price in active market
Asset class	March 31 2025		Quoted		Unquoted
Cash and cash equivalents		4,599		4,599		-
Equity securities *1		101		101		-
Fixed income:
Government bonds *2		1,207		-		1,207
Corporate bonds *3		175		-		175
Asset-backed securities		43		-		43
Insurance contracts *4		23,057		334		22,723
Commingled funds *5		16,929		-		16,929
Real estate and other		3,537		-		3,537

Total		49,648		5,034		44,614


	Yen in millions
	Foreign plans
	March 31 2026		Market price in active market
Asset class	March 31 2026		Quoted		Unquoted
Cash and cash equivalents		4,695		4,695		-
Equity securities *1		119		59		60
Fixed income:
Government bonds *2		1,070		-		1,070
Corporate bonds *3		194		-		194
Asset-backed securities		196		-		196
Insurance contracts *4		24,125		-		24,125
Commingled funds *5		45,909		-		45,909
Real estate and other		4,953		13		4,940

Total		81,261		4,767		76,494

*1	Represents primarily foreign equity securities.

*2	Includes primarily foreign government debt securities.

*3	Includes primarily foreign corporate debt securities.

*4	Represents annuity contracts with or without profit sharing and bulk insurance contracts.

*5	Commingled funds represent pooled institutional investments, including primarily investment trusts.

Present value of defined benefit obligation [member]

Statements [Line Items]

Summary of Changes in the Defined Benefit Obligations Present Value of Defined Benefit Obligations

The changes in the defined benefit obligations for the fiscal years ended March 31, 2025 and 2026 are as follows:


	Yen in millions
	Japanese plans						Foreign plans
	Fiscal year ended March 31						Fiscal year ended March 31
	2025			2026			2025			2026
Beginning balance of the fiscal year		543,292			488,818			126,987			130,259

Current service cost		11,561			6,565			2,049			1,995
Past service cost		-			-			216			980
Interest cost		7,861			9,373			5,155			5,477
Remeasurements:
Change in demographic assumptions		2,005			1,509			14			489
Change in financial assumptions		(32,255	)		(33,628	)		(3,707	)		(5,272	)
Other		1,514			(294	)		8,894			639
Translation adjustments		-			-			(1,382	)		14,217
Plan participants’ contributions		-			-			231			276
Benefits paid		(45,135	)		(32,318	)		(8,198	)		(8,741	)
Curtailments and settlements		-			-			-			(551	)
Other		(25	)		-			-			-
Impact from loss of control of the Financial Services business*		-			(52,593	)		-			-

Ending balance of the fiscal year		488,818			387,432			130,259			139,768

*	The figures for the fiscal year ended March 31, 2026 include the impact of the deconsolidation of SFGI, which operates the Financial Services business, resulting from the execution of the Partial Spin-off of the Financial Services business.

Effect of asset ceiling [member]

Statements [Line Items]

Summary of Changes in the Defined Benefit Obligations Present Value of Defined Benefit Obligations

The impact of minimum funding requirement and asset ceiling for the fiscal years ended March 31, 2025 and 2026 is as follows:


	Yen in millions
	Japanese plans					Foreign plans
	Fiscal year ended March 31					Fiscal year ended March 31
	2025		2026			2025			2026
Beginning balance of the fiscal year		9,837		10,147			3,457			3,225

Interest income		139		-			174			178
Remeasurements:
Change in asset ceiling excluding interest income		171		-			(436	)		(387	)
Translation adjustments		-		-			30			303
Impact from loss of control of the Financial Service s business*		-		(10,147	)		-			-

Ending balance of the fiscal year		10,147		-			3,225			3,319

*	The figures for the fiscal year ended March 31, 2026 include the impact of the deconsolidation of SFGI, which operates the Financial Services business, resulting from the execution of the Partial Spin-off of the Financial Services business.

Changes In The Plan Assets [Member]

Statements [Line Items]

Summary of Changes in the Defined Benefit Obligations Present Value of Defined Benefit Obligations

The changes in the plan assets for the fiscal years ended March 31, 2025 and 2026 are as follows:


	Yen in millions
	Japanese plans						Foreign plans
	Fiscal year ended March 31						Fiscal year ended March 31
	2025			2026			2025			2026
Beginning balance of the fiscal year		464,376			439,943			47,893			49,648

Interest income		7,047			9,139			2,202			2,418
Remeasurements:
Return on plan assets excluding interest income		(9,997	)		15,806			1,330			(1,515	)
Translation adjustments		-			-			(462	)		6,233
Employer contribution		2,362			858			5,645			3,900
Plan participants’ contributions		-			-			359			291
Benefits paid		(23,845	)		(22,571	)		(7,319	)		(7,949	)
Curtailments and settlements		-			-			-			(349	)
Impact from loss of control of the Financial Services business* 1		-			(24,722	)		-			-
Other* 2		-			-			-			28,584

Ending balance of the fiscal year		439,943			418,453			49,648			81,261

*1	The figures for the fiscal year ended March 31, 2026 include the impact of the deconsolidation of SFGI, which operates the Financial Services business, resulting from the execution of the Partial Spin-off of the Financial Services business.

*2	The increase for the fiscal year ended March 31, 2026 is primarily attributable to contributions to plan assets associated with the establishment of new trust agreements at certain overseas subsidiaries.