Investment in Direct Financing Leases

12 Months Ended

Mar. 31, 2011

Investment in Direct Financing Leases

5. Investment in Direct Financing Leases

Investment in direct financing leases at March 31, 2010 and 2011 consists of the following:

	Millions of yen						Millions of U.S. dollars
	2010			2011			2011
Minimum lease payments receivable	¥	840,453		¥	927,607		$	11,156
Estimated residual value		46,460			39,982			481
Initial direct costs		7,848			6,736			81
Unearned lease income		(138,280	)		(143,472	)		(1,726	)
	¥	756,481		¥	830,853		$	9,992

Minimum lease payments receivable are due in periodic installments through fiscal 2035. At March 31, 2011, the amounts due in each of the next five years and thereafter are as follows:

Years ending March 31,	Millions of yen		Millions of U.S. dollars
2012	¥	288,962	$	3,475
2013		216,623		2,605
2014		149,300		1,796
2015		84,905		1,021
2016		52,865		636
Thereafter		134,952		1,623
Total	¥	927,607	$	11,156

Gains and losses from the disposition of direct financing lease assets were not significant for fiscal 2009, 2010 and 2011.