Securities are as follows:


	(In millions of yen)
	March 31, 2025		March 31, 2026
Payment:
Japanese government securities (1)		35,953		65,612
Subtotal		35,953		65,612
Financial service:
Japanese government securities (2)		329,062		713,244
Corporate and other debt securities (2)		295,707		416,121
Asset backed securities		282,333		337,685
Exchange traded funds (3)		132,509		202,879
Equity securities		184		1,294
Subtotal		1,039,795		1,671,223
Total		1,075,748		1,736,835

(1)

Japanese government securities within Payment segment are purchased for the purpose of meeting the deposit requirement under the Payment Services Act. Refer to Note 9, Guarantee Deposits for details.

(2)

These securities include assets pledged as collateral at the Bank of Japan and Japanese Banks’ Payment Clearing Network. Refer to Note 36, Financial Instruments for further details.

(3)

Exchange traded funds are mainly held for PayPay Point investment-related business.