Japanese phrase
___失礼いたします。 ___ shitsu rei i ta shi ma su
Meaning
___ I will be leaving now.
When to use it
A formal way to say that one is leaving. It can politely close a visit, meeting, or phone call without sounding abrupt.
Example dialogue
今日はここまでにしましょう。 kyō wa ko ko ma de ni shi ma shō
Let's stop here for today.
はい、失礼いたします。 ha i shitsu rei i ta shi ma su
Okay, I will be leaving now.