| Summary of Other Expenses |
Other expenses for the fiscal years ended March 31, 2026, 2025 and 2024 consisted of the following:
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For the fiscal year ended March 31, |
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¥ |
— |
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¥ |
— |
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¥ |
30,038 |
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Cost related to IT solution services and IT systems |
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150,539 |
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117,171 |
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109,346 |
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Provision for interest repayment |
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— |
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110,115 |
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22,061 |
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Losses on disposal of property, plant and equipment, and other intangible assets |
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8,017 |
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14,828 |
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9,360 |
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Impairment losses of property, plant and equipment |
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3,815 |
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5,461 |
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4,168 |
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Impairment losses of intangible assets |
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2,389 |
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9,583 |
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9,648 |
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Losses on sales of investments in subsidiaries and associates (1) (2) |
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48,399 |
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1,266 |
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85,419 |
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Impairment losses of investments in associates and joint ventures (3)(4) (5) |
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13,907 |
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138,104 |
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93,046 |
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Losses on step acquisition of subsidiaries |
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7,652 |
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— |
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1,249 |
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120,025 |
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99,059 |
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96,683 |
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¥ |
354,743 |
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¥ |
495,587 |
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¥ |
461,018 |
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(1) |
For the fiscal year ended March 31, 2024, the Group recognized a loss on sales of investments in subsidiaries and associates of ¥84,578 million upon the sale of its subsidiary, SMBC Rail Services LLC. |
(2) |
For the fiscal year ended March 31, 2026, the Group recognized a loss on sales of investments in subsidiaries and associates of ¥48,194 million upon the sale of its equity-method associate, The Bank of East Asia, Limited. |
(3) |
For the fiscal year ended March 31, 2024, the Group recognized an impairment loss of ¥18,935 million on investments in associates and joint ventures, due to the decline in the stock price of its equity-method associate, The Bank of East Asia, Limited. |
(4) |
For the fiscal years ended March 31, 2025 and 2024, the Group recognized an impairment loss of ¥59,264 million and ¥64,709 million, respectively, on investments in associates and joint ventures, VPBank SMBC Finance Company Limited, due to the decline in the recoverable amount as determined by the value in use calculation. |
(5) |
For the fiscal year ended March 31, 2025, the Group recognized an impairment loss of ¥74,982 million on investments in associates and joint ventures, due to the decline in the stock price of its equity-method associate, Vietnam Prosperity Joint-Stock Commercial Bank. |
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