| Summary of Receivables from Financial Services |
Receivables from financial services as of March 31, 2025 and 2026 consist of the following:
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Consumer finance receivables: |
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| |
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¥ |
8,034,504 |
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¥ |
8,903,853 |
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| |
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253,559 |
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|
269,310 |
|
Dealer finance receivables: |
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746,066 |
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855,798 |
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¥ |
9,034,129 |
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¥ |
10,028,961 |
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Allowance for credit losses |
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¥ |
(82,125 |
) |
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¥ |
(108,374 |
) |
Unearned interest income and fees |
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(23,387 |
) |
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(22,456 |
) |
| Other |
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— |
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(4,635 |
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¥ |
8,928,617 |
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¥ |
9,893,496 |
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¥ |
2,755,800 |
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¥ |
3,057,235 |
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6,172,817 |
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6,836,261 |
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¥ |
8,928,617 |
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¥ |
9,893,496 |
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| Lease payments receivable under the finance leases by maturity |
Finance lease receivables The lease payments receivable under the finance leases by maturity as of March 31, 2025 and 2026 are as follows:
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¥ |
40,726 |
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¥ |
47,904 |
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| |
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46,851 |
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40,601 |
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| |
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25,814 |
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38,902 |
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18,542 |
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19,724 |
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6,600 |
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7,187 |
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9,646 |
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10,191 |
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Undiscounted lease payments receivable |
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¥ |
148,179 |
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¥ |
164,509 |
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| |
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¥ |
(11,623 |
) |
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¥ |
(13,732 |
) |
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Unguaranteed residual value |
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¥ |
93,616 |
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¥ |
96,077 |
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Net investment in the lease |
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¥ |
230,172 |
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¥ |
246,854 |
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| Changes in Allowance for Doubtful Accounts |
The changes in the allowance for credit losses on receivables from financial services for the years ended March 31, 2024, 2025 and 2026 are as follows: For the years ended March 31, 2024, 2025 and 2026
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Not credit-impaired (Stage 2) |
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Balance as of April 1, 2023 |
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¥ |
26,467 |
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¥ |
11,072 |
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¥ |
8,544 |
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¥ |
46,083 |
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¥ |
6,823 |
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¥ |
1,732 |
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¥ |
40,899 |
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¥ |
49,454 |
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| |
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— |
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— |
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(36,663 |
) |
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(36,663 |
) |
Exchange differences on translating foreign operations |
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3,849 |
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1,474 |
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1,282 |
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6,605 |
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Balance as of March 31, 2024 |
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¥ |
37,139 |
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¥ |
14,278 |
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¥ |
14,062 |
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¥ |
65,479 |
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¥ |
5,422 |
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¥ |
5,695 |
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¥ |
59,389 |
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¥ |
70,506 |
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| |
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— |
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— |
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(54,155 |
) |
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|
(54,155 |
) |
Exchange differences on translating foreign operations |
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(1,533 |
) |
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(484 |
) |
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(1,363 |
) |
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(3,380 |
) |
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Balance as of March 31, 2025 |
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¥ |
41,028 |
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¥ |
19,489 |
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¥ |
17,933 |
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¥ |
78,450 |
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¥ |
7,039 |
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¥ |
2,928 |
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¥ |
74,444 |
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¥ |
84,411 |
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| |
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— |
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— |
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(67,409 |
) |
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(67,409 |
) |
Exchange differences on translating foreign operations |
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4,174 |
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1,801 |
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2,951 |
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8,926 |
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Balance as of March 31, 2026 |
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¥ |
52,241 |
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¥ |
24,218 |
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¥ |
27,919 |
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¥ |
104,378 |
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Balance as of April 1, 2023 |
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¥ |
192 |
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¥ |
69 |
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¥ |
204 |
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¥ |
465 |
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¥ |
46 |
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¥ |
15 |
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¥ |
16 |
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¥ |
77 |
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— |
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— |
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(43 |
) |
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(43 |
) |
Exchange differences on translating foreign operations |
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17 |
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10 |
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29 |
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56 |
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Balance as of March 31, 2024 |
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¥ |
255 |
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¥ |
94 |
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¥ |
206 |
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¥ |
555 |
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¥ |
(79 |
) |
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¥ |
105 |
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¥ |
132 |
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¥ |
158 |
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— |
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— |
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(29 |
) |
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|
(29 |
) |
Exchange differences on translating foreign operations |
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1 |
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(1 |
) |
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3 |
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3 |
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Balance as of March 31, 2025 |
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¥ |
177 |
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¥ |
198 |
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¥ |
312 |
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¥ |
687 |
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¥ |
52 |
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¥ |
(14 |
) |
|
¥ |
211 |
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¥ |
249 |
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— |
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— |
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(189 |
) |
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(189 |
) |
Exchange differences on translating foreign operations |
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13 |
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16 |
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20 |
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49 |
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Balance as of March 31, 2026 |
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¥ |
242 |
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¥ |
200 |
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¥ |
354 |
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¥ |
796 |
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Not credit-impaired (Stage 2) |
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Balance as of April 1, 2023 |
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¥ |
976 |
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¥ |
10 |
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¥ |
1,118 |
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¥ |
2,104 |
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¥ |
377 |
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¥ |
49 |
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¥ |
100 |
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¥ |
526 |
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— |
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— |
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|
6 |
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6 |
|
Exchange differences on translating foreign operations |
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|
149 |
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3 |
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|
177 |
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|
329 |
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Balance as of March 31, 2024 |
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¥ |
1,502 |
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¥ |
62 |
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¥ |
1,401 |
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¥ |
2,965 |
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|
¥ |
172 |
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|
¥ |
(27 |
) |
|
¥ |
154 |
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|
¥ |
299 |
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|
— |
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— |
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|
(82 |
) |
|
|
(82 |
) |
Exchange differences on translating foreign operations |
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|
(6 |
) |
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|
— |
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|
(188 |
) |
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|
(194 |
) |
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Balance as of March 31, 2025 |
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¥ |
1,668 |
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¥ |
35 |
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¥ |
1,285 |
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¥ |
2,988 |
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|
¥ |
164 |
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|
¥ |
(15 |
) |
|
¥ |
(249 |
) |
|
¥ |
(100 |
) |
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— |
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— |
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(45 |
) |
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|
(45 |
) |
Exchange differences on translating foreign operations |
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|
161 |
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|
192 |
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|
357 |
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Balance as of March 31, 2026 |
|
¥ |
1,993 |
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¥ |
24 |
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¥ |
1,183 |
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¥ |
3,200 |
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Balance as of April 1, 2023 |
|
¥ |
27,635 |
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|
¥ |
11,151 |
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|
¥ |
9,866 |
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|
¥ |
48,652 |
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|
|
|
|
|
|
¥ |
7,246 |
|
|
¥ |
1,796 |
|
|
¥ |
41,015 |
|
|
¥ |
50,057 |
|
|
|
|
— |
|
|
|
— |
|
|
|
(36,700 |
) |
|
|
(36,700 |
) |
Exchange differences on translating foreign operations |
|
|
4,015 |
|
|
|
1,487 |
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|
1,488 |
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|
6,990 |
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|
Balance as of March 31, 2024 |
|
¥ |
38,896 |
|
|
¥ |
14,434 |
|
|
¥ |
15,669 |
|
|
¥ |
68,999 |
|
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|
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|
|
|
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|
|
|
|
|
|
|
|
|
¥ |
5,515 |
|
|
¥ |
5,773 |
|
|
¥ |
59,675 |
|
|
¥ |
70,963 |
|
|
|
|
— |
|
|
|
— |
|
|
|
(54,266 |
) |
|
|
(54,266 |
) |
Exchange differences on translating foreign operations |
|
|
(1,538 |
) |
|
|
(485 |
) |
|
|
(1,548 |
) |
|
|
(3,571 |
) |
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|
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|
Balance as of March 31, 2025 |
|
¥ |
42,873 |
|
|
¥ |
19,722 |
|
|
¥ |
19,530 |
|
|
¥ |
82,125 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
7,255 |
|
|
¥ |
2,899 |
|
|
¥ |
74,406 |
|
|
¥ |
84,560 |
|
|
|
|
— |
|
|
|
— |
|
|
|
(67,643 |
) |
|
|
(67,643 |
) |
Exchange differences on translating foreign operations |
|
|
4,348 |
|
|
|
1,821 |
|
|
|
3,163 |
|
|
|
9,332 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of March 31, 2026 |
|
¥ |
54,476 |
|
|
¥ |
24,442 |
|
|
¥ |
29,456 |
|
|
¥ |
108,374 |
|
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|
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|