v3.26.1
LEASES
 12 Months Ended
Mar. 31, 2026
Leases  
LEASES

NOTE 13 - LEASES

 

Lessee

 

The Group has entered into operating leases for hotels and offices with terms ranging from one to twenty years, and finance leases for certain office equipment and vehicles, with terms ranging from one to seven years. The estimated effect of lease renewal and termination options, as applicable, that are reasonably certain to be exercised in the determination of the lease term and initial measurement of right-of-use assets and lease liabilities was included in the consolidated financials.

 

Operating lease expenses for lease payments are recognized on a straight-line basis over the lease term.

 

The following table presents supplemental information related to the Group’s leases:

 

   2026   2025   2024 
   Thousands of Yen 
  

For the Fiscal Years Ended March 31,

 
   2026   2025   2024 
Finance lease costs               
Amortization of right-of-use assets  ¥8,135   ¥8,793    7,494 
Interest on lease liabilities   393    467    303 
Total finance lease costs   8,528    9,260    7,797 
Operating lease costs   579,815    560,755    640,213 
Cash paid for amounts included in the measurement of lease liabilities:               
Operating cash flows from operating leases   570,549    550,864    654,115 
Financing cash flows from finance leases   8,473    9,132    7,505 
Operating lease right-of-use assets obtained in exchange for operating lease liabilities   17,870    997,675    - 
Finance lease right-of-use assets obtained in exchange for finance lease liabilities  ¥2,076   ¥18,360    5,154 
Remeasurement of operating lease liabilities and right-of-use assets due to lease modification   -    (281,403)   - 
                
Weighted average remaining lease term (years)               
Operating leases   9.3    11.0    10.8 
Finance leases   1.9    3.6    3.5 
Weighted-average discount rate (per annum)               
Operating leases   2.29%   2.29%   2.23%
Finance leases   1.67%   1.66%   1.60%

 

 

LOGPROSYLE INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

As of March 31, 2026, the future maturity of lease liabilities is as follows:

 

   Thousands of Yen 
Fiscal Years Ending March 31,  Finance Lease   Operating Lease 
2027  ¥8,432   ¥581,655 
2028   6,950    556,005 
2029   4,868    539,142 
2030   1,344    423,584 
2031   73    397,361 
Thereafter   -    2,152,313 
Total lease payments  ¥21,667   ¥4,650,060 
Less: imputed interest   (542)   (505,774)
Total lease liabilities   21,125    4,144,286 
Less: current portion   (8,357)   (497,038)
Non-current lease liabilities  ¥12,768   ¥3,647,248 

 

Lessor

 

Lease income related to operating leases included income from leases on the consolidated statements of income and comprehensive income. The amounts of lease income recognized on the consolidated statements of income and comprehensive income were as follows:

 

   2026   2025   2024 
  

For the Fiscal Years Ended March 31,

 
   2026   2025   2024 
Fixed income from operating leases  ¥28,685   ¥40,132   ¥47,663