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Condensed Consolidated Statements of Income (JPY ¥)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Revenues:        
Direct financing leases ¥ 12,899 ¥ 13,346 ¥ 37,998 ¥ 38,106
Operating leases 73,857 70,248 223,871 209,514
Interest on loans and investment securities 36,897 40,735 112,370 127,949
Brokerage commissions and net gains on investment securities 648 2,732 19,608 14,013
Life insurance premiums and related investment income 29,791 26,707 93,216 86,272
Real estate sales 9,960 4,007 26,162 23,426
Gains on sales of real estate under operating leases 1,852 1,507 2,105 1,945
Other operating revenues 66,922 67,176 199,257 194,423
Total revenues 232,826 226,458 714,587 695,648
Expenses:        
Interest expense 27,460 29,356 84,894 93,695
Costs of operating leases 47,017 46,318 141,563 139,846
Life insurance costs 21,605 20,861 67,766 65,597
Costs of real estate sales 10,828 7,140 27,389 25,768
Other operating expenses 39,746 38,296 119,587 114,073
Selling, general and administrative expenses 48,932 53,438 142,159 150,699
Provision for doubtful receivables and probable loan losses (529) 5,173 8,268 18,882
Write-downs of long-lived assets 9,582 994 11,482 4,719
Write-downs of securities 3,236 6,034 9,865 17,930
Foreign currency transaction loss (gain), net (152) (270) (248) (140)
Total expenses 207,725 207,340 612,725 631,069
Operating Income 25,101 19,118 101,862 64,579
Equity in Net Income (loss) of Affiliates 963 3,143 (1,847) 9,014
Gains on Sales of Subsidiaries and Affiliates and Liquidation Losses, Net 675 1,224 2,497 1,570
Income before Income Taxes and Discontinued Operations 26,739 23,485 102,512 75,163
Provision for Income Taxes 2,411 9,679 32,070 29,364
Income from Continuing Operations 24,328 13,806 70,442 45,799
Discontinued Operations:        
Income from discontinued operations, net (511) 4,906 1,670 10,594
Provision for income taxes 202 (1,246) (652) (3,809)
Discontinued operations, net of applicable tax effect (309) [1] 3,660 [1] 1,018 [1] 6,785 [1]
Net Income 24,019 17,466 71,460 52,584
Net Income Attributable to the Noncontrolling Interests 62 20 903 185
Net Income Attributable to the Redeemable Noncontrolling Interests 522 701 1,787 1,601
Net Income Attributable to ORIX Corporation 23,435 16,745 68,770 50,798
Income attributable to ORIX Corporation:        
Income from continuing operations 23,746 13,152 67,914 44,178
Discontinued operations (311) 3,593 856 6,620
Net Income Attributable to ORIX Corporation ¥ 23,435 ¥ 16,745 ¥ 68,770 ¥ 50,798
Basic:        
Income from continuing operations ¥ 220.87 ¥ 122.36 ¥ 631.72 ¥ 411.01
Discontinued operations ¥ (2.89) ¥ 33.42 ¥ 7.96 ¥ 61.59
Net income attributable to ORIX Corporation ¥ 217.98 ¥ 155.78 ¥ 639.68 ¥ 472.60
Diluted:        
Income from continuing operations ¥ 184.31 ¥ 104.08 ¥ 527.77 ¥ 348.35
Discontinued operations ¥ (2.36) ¥ 27.74 ¥ 6.49 ¥ 50.16
Net income attributable to ORIX Corporation ¥ 181.95 ¥ 131.82 ¥ 534.26 ¥ 398.51
[1] Income from discontinued operations, net includes aggregate gains and losses on sales and liquidation of subsidiaries, business units, and rental properties. The amounts of such gains for the nine months ended December 31, 2010 and 2011 and the three months ended December 31, 2010 and 2011 are ¥11,185 million, ¥3,900 million, ¥5,919 million and ¥1,980 million, respectively.