v3.26.1
Lease Transactions (Tables)
 12 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Profit or Loss of Lease Transactions as a Lessee
The following table presents profit or loss of lease transactions as a lessee for the fiscal years ended March 31, 2024, 2025 and 2026:
 202420252026
 (in millions)
Finance lease cost:
Amortization of right-of-use assets¥6,352 ¥6,277 ¥5,509 
Interest on lease liabilities341 373 304 
Operating lease cost65,719 67,281 74,065 
Information of Lease Transactions as a Lessee
The following table presents information of lease transactions as a lessee for the fiscal years ended March 31, 2025 and 2026:
 20252026
 
(in millions, except years and
 percentages)
Cash paid for amounts included in the measurement of lease liabilities:   
Operating cash flows from finance leases¥372 ¥305 
Operating cash flows from operating leases89,159 91,236 
Financing cash flows from finance leases9,240 8,349 
Right-of-use assets obtained in exchange for new finance lease liabilities4,657 12,115 
Right-of-use assets obtained in exchange for new operating lease liabilities40,608 74,817 
Weighted-average remaining lease term:
Finance leases3.5 years3.6 years
Operating leases6.8 years6.5 years
Weighted-average discount rate:
Finance leases1.26%1.19%
Operating leases1.93%2.36%
Maturities of Lease Liabilities as a Leasee
Maturities of lease liabilities as of March 31, 2026 are as follows:
 
Finance
 leases
 
Operating
 leases
 
(in millions)
2027¥8,672 ¥91,812 
20287,311 79,875 
20295,087 59,388 
20303,093 42,233 
20311,981 32,294 
2032 and thereafter354 95,954 
Total undiscounted cash flows26,498 401,556 
Difference between undiscounted and discounted cash flows(410)(31,191)
Amount on balance sheet¥26,088 ¥370,365 
Profit or Loss of Lease Transactions as a Lessor
The following table presents profit or loss of lease transactions as a lessor for the fiscal years ended March 31, 2024, 2025 and 2026:
 202420252026
 (in millions)
Sales type and direct financing leases:
Finance income on net investment¥145,433 ¥147,667 ¥152,658 
Operating leases:
Lease income8,546 10,780 12,375 
Total¥153,979 ¥158,447 ¥165,033 
Component of Direct Financing Lease Transactions
The following table presents the components of sales type and direct financing leases transactions as of March 31, 2025 and 2026:
 20252026
 
(in millions)
Lease receivables (undiscounted)¥2,202,205 ¥2,440,023 
Adjustments:
Discounted unguaranteed residual value7,772 7,509 
Initial direct cost on sales type and direct financing leases32,822 29,949 
Deferred selling profit(366,108)(380,677)
Net investment in sales type and direct financing leases¥1,876,691 ¥2,096,804 
Maturity of the Lease Payment Receivables of Direct Financing Lease Transactions
The following table presents maturity of the lease receivables of sales type and direct financing lease transactions including a reconciliation of undiscounted cash flows to the lease receivables recognized on balance sheet, and the lease payments of operating lease transactions as of March 31, 2026:
 
Lease
 receivables of sales type and direct financing lease
Lease payments of operating leases
 
(in millions)
2027¥672,206 ¥14,386 
2028560,711 12,477 
2029462,607 10,879 
2030323,265 7,593 
2031227,376 6,359 
2032 and thereafter193,858 88,980 
Total undiscounted cash flows2,440,023 140,674 
Difference between undiscounted cash flows and the lease receivables recognized on balance sheet(343,219)
Amount on balance sheet¥2,096,804