Acquisitions (Tables)

12 Months Ended

Mar. 31, 2014

Other Intangible Assets Recognized in the Acquisition

Other intangible assets recognized in this acquisition consist of the following:


	Millions of yen		Years
	Acquired intangibles recorded at fair value		Weighted-average amortization period
Intangible assets not subject to amortization:
Asset management contracts	¥	152,680	—
Trade names		18,115	—

		170,795

Intangibles subject to amortization:
Customer relationships		32,994	7
Software		1,941	7

		34,935

Total	¥	205,730

Robeco Groep N. V.

Fair Value Amounts Allocated to Assets Acquired and Liabilities Assumed

The following table provides preliminary fair value amounts allocated to assets acquired and liabilities assumed of Robeco.


	Millions of yen
	Fair value amounts of assets, liabilities and noncontrolling interest
Cash and Cash Equivalents	¥	43,737
Investment in Securities		3,325
Investment in Affiliates		931
Other Receivables		17,938
Prepaid Expenses		1,908
Office Facilities		1,839
Other Assets		372,926
Total Assets		442,604

Trade Notes, Accounts Payable and Other Liabilities		6,529
Accrued Expenses		50,222
Current and Deferred Income Taxes		71,087
Long-Term Debt		31,016
Total Liabilities		158,854

Noncontrolling interests		27,850

Net	¥	255,900

Combined Results of Operations of Company and its Subsidiaries

The following unaudited supplemental pro forma financial information presents the combined results of operations of the Company and its subsidiaries as though the acquisition had occurred as of April 1, 2012, the beginning of the fiscal year ended March 31, 2013:


	Millions of yen
	March 31, 2013		March 31, 2014
Total revenues	¥	1,162,081	¥	1,371,773
Income from Continuing Operations		130,050		187,765

DAIKYO

Fair Value Amounts Allocated to Assets Acquired and Liabilities Assumed

The following table provides preliminary fair value amounts allocated to assets acquired and liabilities assumed from DAIKYO. The acquisition occurred during the three months ended March 31, 2014, and purchase price allocation has not yet been finalized as of June 26, 2014. Because the fair value measurements of these assets and liabilities require estimates based on various assumptions, the provisional amounts are subject to change as more information about facts and circumstances that existed at the acquisition date becomes available.


	Millions of yen
	Provisional fair value amounts of assets, liabilities and noncontrolling interest
Cash and Cash Equivalents	¥	105,328
Investment in Operating Leases		3,710
Investment in Securities		1,438
Investment in Affiliates		44,628
Other Receivables		17,284
Inventories		102,400
Prepaid Expenses		785
Office Facilities		9,274
Other Assets		73,390
Total Assets		358,237

Short-Term Debt		1,647
Trade Notes, Accounts Payable and Other Liabilities		63,909
Accrued Expenses		17,971
Current and Deferred Income Taxes		5,288
Security Deposits		6,289
Long-Term Debt		69,790
Total Liabilities		164,894

Noncontrolling interests		68,737

Net	¥	124,606

Combined Results of Operations of Company and its Subsidiaries


	Millions of yen
	March 31, 2013		March 31, 2014
Total revenues	¥	1,336,271	¥	1,617,195
Income from Continuing Operations		133,572		203,243