Acquisitions (Tables)

12 Months Ended

Mar. 31, 2024

Statement1 [Line Items]

Fair Values of Assets and Liabilities at the Date of Acquisition and Consideration Paid

The fair values of assets and liabilities of Fullerton India at the date of acquisition and the consideration paid were as follows:

	At November 30, 2021
	(In millions)
Assets:
Cash and deposits with banks	¥	37,495
Loans and advances		306,413
All other assets		58,612
Total assets	¥	402,520
Liabilities:
Borrowings	¥	176,075
Debt securities in issue		135,445
All other liabilities		22,752
Total liabilities	¥	334,272
Net assets		68,248
Non-controlling interests measured at their proportionate share of the identifiable assets		(17,130	)
Net assets acquired		51,118
Goodwill		179,197
Consideration	¥	230,315
Consideration(1):
Cash	¥	230,315
Total	¥	230,315
Acquisition related costs recognized as an expense in “General and administrative expenses” in the consolidated income statement	¥	2,093

(1) A contingent consideration was included in the contract, and payable upon a specific performance indicator of Fullerton India. As a result of estimating the indicator, the Group did not recognize the contingent consideration.

Total Amount of Cash Consideration Paid and Cash Acquired by Obtaining Control of Subsidiaries and Businesses

The total amount of cash consideration paid and cash acquired by obtaining control of subsidiaries during the fiscal year ended March 31, 2022 were as follows:

	For the fiscal year ended March 31, 2022
	(In millions)
Cash consideration paid	¥	(230,315	)
Cash and cash equivalents transferred as a result of the acquisitions		14,621
Cash consideration paid, net of cash and cash equivalents acquired by obtaining control of the subsidiaries	¥	(215,694	)