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Installment Loans (Tables)

12 Months Ended

Mar. 31, 2014

Composition of Installment Loans By Domicile and Type of Borrower

The composition of installment loans by domicile and type of borrower at March 31, 2013 and 2014 is as follows:

		Millions of yen
		2013				2014
Borrowers in Japan:
Consumer—
Housing loans		¥	912,651			¥	973,439
Card loans			225,707				228,868
Other			26,967				24,875
			1,165,325				1,227,182
Corporate—
Real estate companies			245,465				228,062
Non-recourse loans			134,440				72,625
Commercial, industrial and other companies			442,146				409,846
			822,051				710,533
Overseas:
Non-recourse loans			434,517				101,579
Commercial, industrial companies and other			198,477				222,920
			632,994				324,499
Purchased loans*			70,801				53,341
		¥	2,691,171			¥	2,315,555

* Purchased loans represent loans with evidence of deterioration of credit quality since origination and for which it is probable at acquisition that collection of all contractually required payments from the debtors is unlikely in accordance with ASC 310-30 (“Receivables—Loans and Debt Securities Acquired with Deteriorated Credit Quality”).

Contractual Maturities of Installment Loans Except Purchased Loans

At March 31, 2014, the contractual maturities of installment loans (except purchased loans) for each of the next five years and thereafter are as follows:

Years ending March 31,		Millions of yen
2015		¥	509,601
2016			243,109
2017			217,104
2018			170,556
2019			171,551
Thereafter			950,293
Total		¥	2,262,214

Allowance for Doubtful Receivables on Direct Financing Leases and Probable Loan Losses

The following table provides information about the allowance for credit losses for fiscal 2012, 2013 and 2014:

		March 31, 2012
		Millions of yen
		Loans
		Consumer				Corporate								Purchased loans*1				Direct financing leases				Total
						Non-recourse loans				Other
Allowance for Credit Losses:
Beginning balance		¥	17,096			¥	27,426			¥	70,972			¥	17,455			¥	21,201			¥	154,150
Provision charged to income			947				6,509				5,974				3,188				2,568				19,186
Charge-offs			(1,943	)			(10,083	)			(18,928	)			(793	)			(6,863	)			(38,610	)
Recoveries			43				16				2,212				0				80				2,351
Other*2			(3	)			(363	)			36				(25	)			(134	)			(489	)
Ending balance		¥	16,140			¥	23,505			¥	60,266			¥	19,825			¥	16,852			¥	136,588
Individually evaluated for impairment			3,002				20,657				49,853				17,895				0				91,407
Not individually evaluated for impairment			13,138				2,848				10,413				1,930				16,852				45,181
Financing receivables:
Ending balance		¥	881,483			¥	775,465			¥	995,246			¥	97,559			¥	900,886			¥	3,650,639
Individually evaluated for impairment			9,021				82,957				166,889				34,907				0				293,774
Not individually evaluated for impairment			872,462				692,508				828,357				62,652				900,886				3,356,865

		March 31, 2013
		Millions of yen
		Loans																Direct financing leases				Total
		Consumer				Corporate								Purchased loans*1
						Non-recourse Loans				Other
Allowance for Credit Losses:
Beginning balance		¥	16,140			¥	23,505			¥	60,266			¥	19,825			¥	16,852			¥	136,588
Provision charged to income			809				(200	)			2,335				4,649				2,423				10,016
Charge-offs			(3,050	)			(7,384	)			(20,566	)			(9,412	)			(4,409	)			(44,821	)
Recoveries			281				1				988				0				363				1,633
Other*3			346				795				(1,148	)			254				601				848
Ending balance		¥	14,526			¥	16,717			¥	41,875			¥	15,316			¥	15,830			¥	104,264
Individually evaluated for impairment			3,190				14,620				34,206				13,135				0				65,151
Not individually evaluated for impairment			11,336				2,097				7,669				2,181				15,830				39,113
Financing receivables:
Ending balance		¥	1,171,142			¥	568,957			¥	862,332			¥	70,801			¥	989,380			¥	3,662,612
Individually evaluated for impairment			10,861				61,050				111,722				29,107				0				212,740
Not individually evaluated for impairment			1,160,281				507,907				750,610				41,694				989,380				3,449,872

		March 31, 2014
		Millions of yen
		Loans																				Total
		Consumer				Corporate								Purchased loans*1				Direct financing leases
						Non-recourse loans				Other
Allowance for Credit Losses:
Beginning balance		¥	14,526			¥	16,717			¥	41,875			¥	15,316			¥	15,830			¥	104,264
Provision charged to income			4,437				2,381				833				2,532				3,651				13,834
Charge-offs			(5,786	)			(3,590	)			(11,803	)			(3,921	)			(4,421	)			(29,521	)
Recoveries			290				140				798				111				70				1,409
Other*4			6				(6,601	)			1,041				110				254				(5,190	)
Ending balance		¥	13,473			¥	9,047			¥	32,744			¥	14,148			¥	15,384			¥	84,796
Individually evaluated for impairment			3,279				8,534				25,054				12,288				0				49,155
Not individually evaluated for impairment			10,194				513				7,690				1,860				15,384				35,641
Financing receivables:
Ending balance		¥	1,236,414			¥	174,204			¥	837,329			¥	53,341			¥	1,094,073			¥	3,395,361
Individually evaluated for impairment			11,796				24,902				76,051				23,075				0				135,824
Not individually evaluated for impairment			1,224,618				149,302				761,278				30,266				1,094,073				3,259,537

*1 Purchased loans represent loans with evidence of deterioration of credit quality since origination and for which it is probable at acquisition that collection of all contractually required payments from the debtors is unlikely in accordance with ASC 310-30 (“Receivables—Loans and Debt Securities Acquired with Deteriorated Credit Quality”).

*2 Other mainly includes foreign currency translation adjustments, amounts reclassified to discontinued operations and decrease in allowance related to sales of a subsidiary.

*3 Other mainly includes foreign currency translation adjustments and decrease in allowance related to newly consolidated subsidiaries and sales of a subsidiary.

*4 Other mainly includes foreign currency translation adjustments and decrease in allowance related to newly consolidated subsidiaries. Additionally, Other in Non-recourse loans includes a decrease of ¥6,562 million due to the sale of controlling class interests of a certain VIE, which was formerly consolidated, to a third party and resulting in deconsolidation of that VIE.

Purchased loans

Allowance for Doubtful Receivables on Direct Financing Leases and Probable Loan Losses

Changes in the allowance for uncollectible accounts relating to the purchased loans for fiscal 2012, 2013 and 2014 are as follows:

		Millions of yen
		2012				2013				2014
Beginning balance		¥	17,455			¥	19,825			¥	15,316
Provision charged to income			3,188				4,649				2,532
Charge-offs			(793	)			(9,412	)			(3,921	)
Recoveries			0				0				111
Other*			(25	)			254				110
Ending balance		¥	19,825			¥	15,316			¥	14,148

* Other includes foreign currency translation adjustments.

X

- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 11B

-URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953423-111524

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- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.3,4)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 3, 4

-Article 5

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- Definition

Tabular disclosure of the annual minimum payments due from financing receivables, such as, but not limited to accounts, notes, loans, and other financing receivables.

+ References

No definition available.

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