Other Expenses (Tables)

12 Months Ended

Mar. 31, 2023

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Summary of Other Expenses

Other expenses for the fiscal years ended March 31, 2023, 2022 and 2021 consisted of the following:

	For the fiscal year ended March 31,
	2023		2022		2021
	(In millions)
Cost of operating leases	¥	30,281	¥	22,922	¥	23,225
Cost related to disposal of assets leased		3,212		301		—
Cost related to IT solution services and IT systems		94,071		89,762		84,691
Provision for interest repayment		28,818		31,596		38,344
Losses on disposal of property, plant and equipment, and other intangible assets		6,377		3,856		3,725
Impairment losses of property, plant and equipment		31,617		43,708		10,959
Impairment losses of intangible assets		135,519		55,816		42,846
Losses on sales of investments in subsidiaries and associates		8,216		—		680
Impairment losses of investments in associates and joint ventures(1)		56,461		42,460		12,537
Others		107,775		78,138		66,872
Total other expenses	¥	502,347	¥	368,559	¥	283,879

(1) For the fiscal years ended March 31, 2023, 2022 and 2021, the Group recognized an impairment loss of ¥33,932 million, ¥42,218 million and ¥10,391 million, respectively, 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.