Nikon Corporation – Annual report – 31 March 2026
Industry: manufacturing
17. Leases
(1) As Lessee
As a lessee, the Group primarily leases real estate such as office buildings and warehouses with some contracts containing extension or termination options. Extension options are options to renew the lease for a certain amount of time after the end of the lease term. Termination options are options that allow the lessee to early terminate the lease if the lessee gives a written notice to the lessor prior to the contracted end of the lease term. The Group exercises these options, as necessary, after taking into consideration real estate price trends and the business environment and determining whether to continue or discontinue using the leased asset in its operations.
There are no restrictions imposed by the lease contracts on dividends, additional borrowings and additional leases.
1) Carrying Amount, Additions and Depreciation of Right-of-use Assets
The carrying amount of right-of-use assets is as follows:
Additions to right-of-use assets amounted to ¥6,402 million and ¥8,498 million for the years ended March 31, 2025 and 2026, respectively.
Depreciation of right-of-use assets is as follows:
Note: Depreciation of right-of-use assets is recognized in “Cost of sales” and “Selling, general and administrative expenses” in the consolidated statement of profit or loss.
2) Income and Expenses Relating to Leases
Income relating to leases, which is recognized in the consolidated statement of profit or loss, is as follows:
Expenses relating to leases, which are recognized in the consolidated statement of profit or loss, are as follows:
3) Cash Outflow for Leases
Cash outflow for leases, which is recognized in the consolidated statement of cash flows, is as follows:
4) Lease Liability
The breakdown of lease liability by maturity is as follows:
(2) As Lessor
1) Finance Leases
The Group mainly leases ultra-wide field retinal imaging devices under finance leases.
The selling profits from finance leases for the years ended March 31, 2025 and 2026 were ¥6,535 million and ¥6,766 million, respectively.
The finance income on the net investment in the lease and the income relating to variable lease payments are as follows:
The breakdown of the gross investment in the lease by maturity is as follows:
2) Operating Leases
The Group mainly leases robotic motion control camera equipment under operating leases.
Lease income under operating leases included in the consolidated statement of profit or loss amounted to ¥561 million and ¥769 million for the years ended March 31, 2025 and 2026, respectively.
The rental income portion includes variable lease payments that do not depend on an index or a rate, which amounted to ¥22 million and ¥33 million for the years ended March 31, 2025 and 2026, respectively.
The breakdown of lease receivables by payment due date is as follows:
