v3.26.1
Supplemental cash flow information
 12 Months Ended
Mar. 31, 2026
Disclosure of cash flow statement [Abstract]  
Supplemental cash flow information Supplemental cash flow information
(1)Reconciliation of liabilities arising from financing activities
The changes in liabilities to cash flows arising from financing activities are as follows:
(Unit： In millions)LoansPromissory note- related partyLease liabilitiesTotal
As of March 31, 2023¥— ¥— ¥350 ¥350 
Proceeds from short-term loans1,200 — — 1,200 
Repayments of short-term loans(1,200)— — (1,200)
Repayments of lease obligations0 — (327)(327)
Total changes from financing cash flows— — (327)(327)
Modification of lease term— — (81)(81)
New lease contracts— — 1,719 1,719 
Interest expenses— — 5 5 
Interest expenses paid— — (5)(5)
Total liability-related other changes— — 1,638 1,638 
As of March 31, 2024— — 1,661 1,661 
Proceeds from short-term loans1,800 — — 1,800 
Repayments of short-term loans(1,800)— — (1,800)
Repayments of lease obligations— — (463)(463)
Proceeds from loans from related party8,508 — — 8,508 
Repayments of loans from related party(7,759)(128)— (7,887)
Total changes from financing cash flows749 (128)(463)158 
Modification of lease term— — 79 79 
Increase by business combination2 128 — 130 
Interest expense21 — 10 31 
Interest paid(21)— (10)(31)
Total liability-related other changes2 128 79 209 
As of March 31, 2025751 — 1,277 2,028 
Proceeds from short-term loans3,000 — — 3,000 
Repayments of short-term loans(3,041)— — (3,041)
Repayments of lease obligations— — (378)(378)
Proceeds from loans from related party19,376 — — 19,376 
Repayments of loans from related party(17,758)— — (17,758)
Total changes from financing cash flows1,577 — (378)1,200 
Increase by business combination264 — 11 275 
Interest expense153 — 8 161 
Interest paid(145)— (8)(153)
Foreign currency translation166 — — 166 
Total liability-related other changes438 — 11 449 
As of March 31, 2026¥2,767 ¥— ¥910 ¥3,677 
(2)Major noncash transactions
The noncash investing and financial transactions mainly include: (i) right-of-use assets obtained in exchange for lease liabilities pertaining to modification of lease term and a new lease contract amounting to ¥1,638 million, ¥79 million and ¥11 million for the years March 31, 2024, March 31, 2025 and March 31, 2026, respectively; (ii) the warrant and other liabilities assumed in the Business Combination amounting to ¥2,347 million for the year ended March 31, 2025: and (iii) Ordinary Shares issued as consideration in the acquisition
of Next Finance, with an acquisition-date fair value of ¥1,077 million for the year ended March 31, 2025, and in the acquisitions of Aplo and 3iQ, with an aggregate acquisition-date fair value of ¥13,935 million for the year ended March 31, 2026. These transactions have been excluded from the consolidated statement of cash flows as they did not require the use of cash or cash equivalents. See Note 6 “Reverse Recapitalization and Acquisitions of subsidiaries.”
Reconciliation of liabilities arising from financing activities
The changes in liabilities to cash flows arising from financing activities are as follows:
(Unit： In millions)LoansPromissory note- related partyLease liabilitiesTotal
As of March 31, 2023¥— ¥— ¥350 ¥350 
Proceeds from short-term loans1,200 — — 1,200 
Repayments of short-term loans(1,200)— — (1,200)
Repayments of lease obligations0 — (327)(327)
Total changes from financing cash flows— — (327)(327)
Modification of lease term— — (81)(81)
New lease contracts— — 1,719 1,719 
Interest expenses— — 5 5 
Interest expenses paid— — (5)(5)
Total liability-related other changes— — 1,638 1,638 
As of March 31, 2024— — 1,661 1,661 
Proceeds from short-term loans1,800 — — 1,800 
Repayments of short-term loans(1,800)— — (1,800)
Repayments of lease obligations— — (463)(463)
Proceeds from loans from related party8,508 — — 8,508 
Repayments of loans from related party(7,759)(128)— (7,887)
Total changes from financing cash flows749 (128)(463)158 
Modification of lease term— — 79 79 
Increase by business combination2 128 — 130 
Interest expense21 — 10 31 
Interest paid(21)— (10)(31)
Total liability-related other changes2 128 79 209 
As of March 31, 2025751 — 1,277 2,028 
Proceeds from short-term loans3,000 — — 3,000 
Repayments of short-term loans(3,041)— — (3,041)
Repayments of lease obligations— — (378)(378)
Proceeds from loans from related party19,376 — — 19,376 
Repayments of loans from related party(17,758)— — (17,758)
Total changes from financing cash flows1,577 — (378)1,200 
Increase by business combination264 — 11 275 
Interest expense153 — 8 161 
Interest paid(145)— (8)(153)
Foreign currency translation166 — — 166 
Total liability-related other changes438 — 11 449 
As of March 31, 2026¥2,767 ¥— ¥910 ¥3,677