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v3.23.2

Credit Quality of Financial Assets and the Allowance for Credit Losses (Tables) | 12 Months Ended
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Mar. 31, 2023
Credit Loss [Abstract] |
Summary of allowance for credit losses for installment loans | The following table provides information about the allowance for credit losses for installment loans, net investment in leases and other financial assets measured at amortized cost for fiscal 2021, 2022 and 2023:
|  | Fiscal Year ended March 31, 2021 |
|  | Millions of yen |
|  | Beginning balance |  |  | Cumulative effect of adopting According Standards Update 2016-13 |  |  | Reclassification to allowance for investment in operating leases *4 |  |  | Balance at April 1, 2020 |  |  | Provision (Reversal)*3 |  |  | Allowance of purchased loans during the reporting period |  |  | Charge- offs*5 |  |  | Recoveries |  |  | Other*6 |  |  | Ending balance*3 |  |  | Collective (pool) assessment |  |  | Individual assessment |
Allowance for credit losses : |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment loans to consumer borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  | ¥ | 3,112 |  |  | ¥ | 2,856 |  |  | ¥ | 0 |  |  | ¥ | 5,968 |  |  | ¥ | 390 |  |  | ¥ | 0 |  |  | ¥ | (495 | ) |  | ¥ | 59 |  |  | ¥ | 0 |  |  | ¥ | 5,922 |  |  | ¥ | 5,354 |  |  | ¥ | 568 |
Overseas |  |  | 128 |  |  |  | (102 | ) |  |  | 0 |  |  |  | 26 |  |  |  | 412 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1 |  |  |  | 31 |  |  |  | 470 |  |  |  | 470 |  |  |  | 0 |
Card loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 3,785 |  |  |  | 12,146 |  |  |  | 0 |  |  |  | 15,931 |  |  |  | (802 | ) |  |  | 0 |  |  |  | (2,150 | ) |  |  | 6 |  |  |  | (1 | ) |  |  | 12,984 |  |  |  | 12,283 |  |  |  | 701 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 12,735 |  |  |  | (963 | ) |  |  | 0 |  |  |  | 11,772 |  |  |  | 5,875 |  |  |  | 0 |  |  |  | (9,296 | ) |  |  | 8 |  |  |  | 0 |  |  |  | 8,359 |  |  |  | 5,616 |  |  |  | 2,743 |
Overseas |  |  | 782 |  |  |  | 563 |  |  |  | 0 |  |  |  | 1,345 |  |  |  | 739 |  |  |  | 0 |  |  |  | (1,754 | ) |  |  | 577 |  |  |  | 368 |  |  |  | 1,275 |  |  |  | 1,038 |  |  |  | 237 |
Installment loans to corporate borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-recourse loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 13 |  |  |  | 24 |  |  |  | 0 |  |  |  | 37 |  |  |  | (5 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 32 |  |  |  | 32 |  |  |  | 0 |
The Americas |  |  | 1,773 |  |  |  | 1,577 |  |  |  | 0 |  |  |  | 3,350 |  |  |  | 43 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 57 |  |  |  | 3,450 |  |  |  | 3,218 |  |  |  | 232 |
Real estate companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 983 |  |  |  | 46 |  |  |  | 0 |  |  |  | 1,029 |  |  |  | (58 | ) |  |  | 0 |  |  |  | (96 | ) |  |  | 25 |  |  |  | 1 |  |  |  | 901 |  |  |  | 621 |  |  |  | 280 |
Overseas |  |  | 2,010 |  |  |  | 1,579 |  |  |  | 0 |  |  |  | 3,589 |  |  |  | (1,502 | ) |  |  | 0 |  |  |  | (570 | ) |  |  | 33 |  |  |  | (11 | ) |  |  | 1,539 |  |  |  | 1,539 |  |  |  | 0 |
Commercial, industrial companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 2,447 |  |  |  | 98 |  |  |  | 0 |  |  |  | 2,545 |  |  |  | (27 | ) |  |  | 0 |  |  |  | (592 | ) |  |  | 11 |  |  |  | 1 |  |  |  | 1,938 |  |  |  | 199 |  |  |  | 1,739 |
Overseas |  |  | 14,769 |  |  |  | 9,002 |  |  |  | 0 |  |  |  | 23,771 |  |  |  | 10,410 |  |  |  | 0 |  |  |  | (15,427 | ) |  |  | 18 |  |  |  | (9 | ) |  |  | 18,763 |  |  |  | 13,013 |  |  |  | 5,750 |
Purchased loans*1 |  |  | 1,458 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,458 |  |  |  | 353 |  |  |  | 3,899 |  |  |  | (4,040 | ) |  |  | 46 |  |  |  | 119 |  |  |  | 1,835 |  |  |  | 681 |  |  |  | 1,154 |
Net investment in leases: |  |  | 11,692 |  |  |  | 3,550 |  |  |  | 0 |  |  |  | 15,242 |  |  |  | 3,285 |  |  |  | 0 |  |  |  | (2,668 | ) |  |  | 10 |  |  |  | 653 |  |  |  | 16,522 |  |  |  | 13,267 |  |  |  | 3,255 |
Subtotal |  |  | 55,687 |  |  |  | 30,376 |  |  |  | 0 |  |  |  | 86,063 |  |  |  | 19,113 |  |  |  | 3,899 |  |  |  | (37,088 | ) |  |  | 794 |  |  |  | 1,209 |  |  |  | 73,990 |  |  |  | 57,331 |  |  |  | 16,659 |
Other financial assets measured at amortized cost*2 |  |  | 1,149 |  |  |  | 1,369 |  |  |  | (312 | ) |  |  | 2,206 |  |  |  | 4,483 |  |  |  | 0 |  |  |  | (344 | ) |  |  | 11 |  |  |  | (351 | ) |  |  | 6,005 |  |  |  | 810 |  |  |  | 5,195 |
Total |  | ¥ | 56,836 |  |  | ¥ | 31,745 |  |  | ¥ | (312 | ) |  | ¥ | 88,269 |  |  | ¥ | 23,596 |  |  | ¥ | 3,899 |  |  | ¥ | (37,432 | ) |  | ¥ | 805 |  |  | ¥ | 858 |  |  | ¥ | 79,995 |  |  | ¥ | 58,141 |  |  | ¥ | 21,854 |
|  | Fiscal Year ended March 31, 2022 |
|  | Millions of yen |
|  | Beginning balance |  |  | Provision (Reversal)*3 |  |  | Allowance of purchased loans during the reporting period |  |  | Charge- offs*5 |  |  | Recoveries |  |  | Other*6 |  |  | Ending balance*3 |  |  | Collective (pool) assessment |  |  | Individual assessment |
Allowance for credit losses : |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment loans to consumer borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  | ¥ | 5,922 |  |  | ¥ | 340 |  |  | ¥ | 0 |  |  | ¥ | (570 | ) |  | ¥ | 24 |  |  | ¥ | 0 |  |  | ¥ | 5,716 |  |  | ¥ | 5,211 |  |  | ¥ | 505 |
Overseas |  |  | 470 |  |  |  | (34 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 4 |  |  |  | 15 |  |  |  | 455 |  |  |  | 455 |  |  |  | 0 |
Card loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 12,984 |  |  |  | (1,301 | ) |  |  | 0 |  |  |  | (1,669 | ) |  |  | 4 |  |  |  | 1 |  |  |  | 10,019 |  |  |  | 9,423 |  |  |  | 596 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 8,359 |  |  |  | 4,948 |  |  |  | 0 |  |  |  | (8,114 | ) |  |  | 11 |  |  |  | 0 |  |  |  | 5,204 |  |  |  | 2,946 |  |  |  | 2,258 |
Overseas |  |  | 1,275 |  |  |  | 300 |  |  |  | 0 |  |  |  | (644 | ) |  |  | 0 |  |  |  | 174 |  |  |  | 1,105 |  |  |  | 961 |  |  |  | 144 |
Installment loans to corporate borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-recourse loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 32 |  |  |  | 49 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 81 |  |  |  | 81 |  |  |  | 0 |
The Americas |  |  | 3,450 |  |  |  | (1,035 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 276 |  |  |  | 2,691 |  |  |  | 1,836 |  |  |  | 855 |
Real estate companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 901 |  |  |  | (204 | ) |  |  | 0 |  |  |  | (109 | ) |  |  | 29 |  |  |  | 0 |  |  |  | 617 |  |  |  | 490 |  |  |  | 127 |
Overseas |  |  | 1,539 |  |  |  | (855 | ) |  |  | 0 |  |  |  | (10 | ) |  |  | 0 |  |  |  | 61 |  |  |  | 735 |  |  |  | 735 |  |  |  | 0 |
Commercial, industrial companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 1,938 |  |  |  | 93 |  |  |  | 0 |  |  |  | (761 | ) |  |  | 67 |  |  |  | 0 |  |  |  | 1,337 |  |  |  | 505 |  |  |  | 832 |
Overseas |  |  | 18,763 |  |  |  | 3,503 |  |  |  | 0 |  |  |  | (6,185 | ) |  |  | 155 |  |  |  | 2,060 |  |  |  | 18,296 |  |  |  | 13,367 |  |  |  | 4,929 |
Purchased loans*1 |  |  | 1,835 |  |  |  | (227 | ) |  |  | 2,210 |  |  |  | (2,372 | ) |  |  | 114 |  |  |  | 15 |  |  |  | 1,575 |  |  |  | 608 |  |  |  | 967 |
Net investment in leases: |  |  | 16,522 |  |  |  | 1,577 |  |  |  | 0 |  |  |  | (2,802 | ) |  |  | 21 |  |  |  | 985 |  |  |  | 16,303 |  |  |  | 12,480 |  |  |  | 3,823 |
Subtotal |  |  | 73,990 |  |  |  | 7,154 |  |  |  | 2,210 |  |  |  | (23,236 | ) |  |  | 429 |  |  |  | 3,587 |  |  |  | 64,134 |  |  |  | 49,098 |  |  |  | 15,036 |
Other financial assets measured at amortized cost*2 |  |  | 6,005 |  |  |  | 2,662 |  |  |  | 0 |  |  |  | (1,661 | ) |  |  | 45 |  |  |  | 231 |  |  |  | 7,282 |  |  |  | 562 |  |  |  | 6,720 |
Total |  | ¥ | 79,995 |  |  | ¥ | 9,816 |  |  | ¥ | 2,210 |  |  | ¥ | (24,897 | ) |  | ¥ | 474 |  |  | ¥ | 3,818 |  |  | ¥ | 71,416 |  |  | ¥ | 49,660 |  |  | ¥ | 21,756 |
|  | Fiscal Year ended March 31, 2023 |
|  | Millions of yen |
|  | Beginning balance |  |  | Provision (Reversal)*3 |  |  | Allowance of purchased loans during the reporting period |  |  | Charge- offs*5 |  |  | Recoveries |  |  | Other*6 |  |  | Ending balance*3 |  |  | Collective (pool) assessment |  |  | Individual assessment |
Allowance for credit losses : |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment loans to consumer borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  | ¥ | 5,716 |  |  | ¥ | (1,437 | ) |  | ¥ | 0 |  |  | ¥ | (215 | ) |  | ¥ | 27 |  |  | ¥ | 1 |  |  | ¥ | 4,092 |  |  | ¥ | 3,644 |  |  | ¥ | 448 |
Overseas |  |  | 455 |  |  |  | (19 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 1 |  |  |  | 9 |  |  |  | 446 |  |  |  | 446 |  |  |  | 0 |
Card loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 10,019 |  |  |  | (421 | ) |  |  | 0 |  |  |  | (584 | ) |  |  | 8 |  |  |  | 0 |  |  |  | 9,022 |  |  |  | 8,329 |  |  |  | 693 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 5,204 |  |  |  | 4,672 |  |  |  | 0 |  |  |  | (2,124 | ) |  |  | 8 |  |  |  | (1 | ) |  |  | 7,759 |  |  |  | 5,337 |  |  |  | 2,422 |
Overseas |  |  | 1,105 |  |  |  | 1,265 |  |  |  | 0 |  |  |  | (508 | ) |  |  | 0 |  |  |  | 27 |  |  |  | 1,889 |  |  |  | 1,467 |  |  |  | 422 |
Installment loans to corporate borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-recourse loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 81 |  |  |  | 173 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (1 | ) |  |  | 253 |  |  |  | 253 |  |  |  | 0 |
The Americas |  |  | 2,691 |  |  |  | (1,186 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (11 | ) |  |  | 1,494 |  |  |  | 560 |  |  |  | 934 |
Real estate companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 617 |  |  |  | 131 |  |  |  | 0 |  |  |  | 0 |  |  |  | 28 |  |  |  | 1 |  |  |  | 777 |  |  |  | 663 |  |  |  | 114 |
Overseas |  |  | 735 |  |  |  | 264 |  |  |  | 0 |  |  |  | (29 | ) |  |  | 0 |  |  |  | 37 |  |  |  | 1,007 |  |  |  | 1,007 |  |  |  | 0 |
Commercial, industrial companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 1,337 |  |  |  | 102 |  |  |  | 0 |  |  |  | (358 | ) |  |  | 71 |  |  |  | 0 |  |  |  | 1,152 |  |  |  | 477 |  |  |  | 675 |
Overseas |  |  | 18,296 |  |  |  | 7,164 |  |  |  | 0 |  |  |  | (8,212 | ) |  |  | 329 |  |  |  | 1,555 |  |  |  | 19,132 |  |  |  | 16,455 |  |  |  | 2,677 |
Purchased loans*1 |  |  | 1,575 |  |  |  | (261 | ) |  |  | 6,901 |  |  |  | (7,142 | ) |  |  | 64 |  |  |  | 11 |  |  |  | 1,148 |  |  |  | 541 |  |  |  | 607 |
Net investment in leases: |  |  | 16,303 |  |  |  | 1,678 |  |  |  | 0 |  |  |  | (2,637 | ) |  |  | 27 |  |  |  | 348 |  |  |  | 15,719 |  |  |  | 12,032 |  |  |  | 3,687 |
Subtotal |  |  | 64,134 |  |  |  | 12,125 |  |  |  | 6,901 |  |  |  | (21,809 | ) |  |  | 563 |  |  |  | 1,976 |  |  |  | 63,890 |  |  |  | 51,211 |  |  |  | 12,679 |
Other financial assets measured at amortized cost*2 |  |  | 7,282 |  |  |  | 555 |  |  |  | 0 |  |  |  | (6,563 | ) |  |  | 30 |  |  |  | 178 |  |  |  | 1,482 |  |  |  | 548 |  |  |  | 934 |
Total |  | ¥ | 71,416 |  |  | ¥ | 12,680 |  |  | ¥ | 6,901 |  |  | ¥ | (28,372 | ) |  | ¥ | 593 |  |  | ¥ | 2,154 |  |  | ¥ | 65,372 |  |  | ¥ | 51,759 |  |  | ¥ | 13,613 |
Notes: | 1. Loans held for sale and policy loan receivables of an insurance entity are not scope to allowance for credit losses.
| 2. | Held-to-maturity debt securities held by the Company and subsidiaries consist of Japanese government bonds (JGBs) and other securities secured by JGBs. There was no allowance for credit losses on these held-to-maturity debt securities. And there is no delinquency or on non-accrual status on held-to-maturity debt securities.
*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. Due to the adoption of Credit Losses s tandard, allowance of ¥176,714 million was recorded as credit loss gross-up treatment for purchased loans on April 1, 2020, and the same amount has been charged-off.
*2 | The allowance for other financial assets measured at amortized cost includes the allowance for credit losses on financial receivables, such as loans to affiliates and accounts receivable. Other financial assets measured at amortized cost are mainly “Trade notes, accounts and other receivables”, and loans to affiliates included in “Investment in affiliates” on the consolidated balance sheets.
*3 | “Provision for credit losses” in the consolidated statements of income amounted to provisions of ¥16,021 million, ¥3,939 million and ¥7,756 million for fiscal 2021, 2022 and 2023, respectively. “Allowance for credit losses” on the consolidated balance sheets amounted to ¥78,945 million, ¥69,459 million and ¥64,723 million as of March 31, 2021, 2022 and 2023, respectively. The reconciliation between the above table and the amounts reported on the consolidated financial statements in fiscal 2021, 2022 and 2023 are as follows:
|  | Millions of yen |
|  | Fiscal Year ended March 31, 2021 |  |  | March 31, 2021 |  |  | Fiscal Year ended March 31, 2022 |  |  | March 31, 2022 |  |  | Fiscal Year ended March 31, 2023 |  |  | March 31, 2023 |
|  | Provision for credit losses |  |  | Allowance for credit losses |  |  | Provision for credit losses |  |  | Allowance for credit losses |  |  | Provision for credit losses |  |  | Allowance for credit losses |
Net investment in leases |  | ¥ | 3,285 |  |  | ¥ | 16,522 |  |  | ¥ | 1,577 |  |  | ¥ | 16,303 |  |  | ¥ | 1,678 |  |  | ¥ | 15,719 |
Installment loans |  |  | 15,828 |  |  |  | 57,468 |  |  |  | 5,577 |  |  |  | 47,831 |  |  |  | 10,447 |  |  |  | 48,171 |
Subtotal in the above table |  |  | 19,113 |  |  |  | 73,990 |  |  |  | 7,154 |  |  |  | 64,134 |  |  |  | 12,125 |  |  |  | 63,890 |
Other financial assets measured at amortized cost |  |  | 4,483 |  |  |  | 6,005 |  |  |  | 2,662 |  |  |  | 7,282 |  |  |  | 555 |  |  |  | 1,482 |
Total in the above table |  |  | 23,596 |  |  |  | 79,995 |  |  |  | 9,816 |  |  |  | 71,416 |  |  |  | 12,680 |  |  |  | 65,372 |
Off-balance sheet credit exposures*3(a) |  |  | (7,437 | ) |  |  | — |  |  |  | (4,449 | ) |  |  | — |  |  |  | (4,542 | ) |  |  | — |
Available-for-sale debt securities*3(b) |  |  | 117 |  |  |  | — |  |  |  | 21 |  |  |  | — |  |  |  | (21 | ) |  |  | — |
Less: Loans to affiliates *3(c) |  |  | (255 | ) |  |  | (1,050 | ) |  |  | (1,449 | ) |  |  | (1,957 | ) |  |  | (361 | ) |  |  | (649 | )
Amount reported on the consolidated financial statements |  | ¥ | 16,021 |  |  | ¥ | 78,945 |  |  | ¥ | 3,939 |  |  | ¥ | 69,459 |  |  | ¥ | 7,756 |  |  | ¥ | 64,723 |
| *3(a) | The allowance for off-balance sheet credit exposure were ¥26,094 million, ¥22,120 million and ¥17,843 million as of March 31, 2021, 2022 and 2023, respectively, and the amounts are recorded in “Other liabilities” on the consolidated balance sheets. For further information, see Note 30 “Commitments, Guarantees and Contingent Liabilities.”
| *3(b) | The allowance for available-for-sale debt securities were ¥120 million, ¥153 million and ¥144 million as of March 31, 2021, 2022 and 2023, respectively, and the amounts are recorded as a reduction in “Investment in securities” on the consolidated balance sheets. For further information, see Note 9 “Investment in Securities.”
| *3(c) | The provision for credit losses on loans to affiliates were provisions of ¥255 million, ¥1,449 million and ¥361 million during fiscal 2021, 2022 and 2023, respectively, and the amounts are recorded in “Equity in net income (loss) of affiliates” in the consolidated statements of income. The allowance for credit losses on loans to affiliates were ¥1,050 million, ¥1,957 million and ¥649 million as of March 31, 2021, 2022 and 2023, respectively, and the amounts are recorded as a reduction in “Investment in affiliates” on the consolidated balance sheets.
*4 | The allowance for accrued lease payments for receivable from operating leases was reclassified to the investment in operating leases balance on April 1, 2020, due to the application of the Credit Losses s tandard.
*5 | Included in Charge-off in write-offs of purchased loans at acquisition date were ¥3,899 million, ¥2,210 million and ¥6,901 million during fiscal 2021, 2022 and 2023, respectively.
*6 | Other mainly includes foreign currency translation adjustments and increases or decreases in allowance due to consolidation or deconsolidation of subsidiaries.
Summary of disclosure in tabular form of allowances for credit losses and provision for credit losses |
|  | Millions of yen |
|  | Fiscal Year ended March 31, 2021 |  |  | March 31, 2021 |  |  | Fiscal Year ended March 31, 2022 |  |  | March 31, 2022 |  |  | Fiscal Year ended March 31, 2023 |  |  | March 31, 2023 |
|  | Provision for credit losses |  |  | Allowance for credit losses |  |  | Provision for credit losses |  |  | Allowance for credit losses |  |  | Provision for credit losses |  |  | Allowance for credit losses |
Net investment in leases |  | ¥ | 3,285 |  |  | ¥ | 16,522 |  |  | ¥ | 1,577 |  |  | ¥ | 16,303 |  |  | ¥ | 1,678 |  |  | ¥ | 15,719 |
Installment loans |  |  | 15,828 |  |  |  | 57,468 |  |  |  | 5,577 |  |  |  | 47,831 |  |  |  | 10,447 |  |  |  | 48,171 |
Subtotal in the above table |  |  | 19,113 |  |  |  | 73,990 |  |  |  | 7,154 |  |  |  | 64,134 |  |  |  | 12,125 |  |  |  | 63,890 |
Other financial assets measured at amortized cost |  |  | 4,483 |  |  |  | 6,005 |  |  |  | 2,662 |  |  |  | 7,282 |  |  |  | 555 |  |  |  | 1,482 |
Total in the above table |  |  | 23,596 |  |  |  | 79,995 |  |  |  | 9,816 |  |  |  | 71,416 |  |  |  | 12,680 |  |  |  | 65,372 |
Off-balance sheet credit exposures*3(a) |  |  | (7,437 | ) |  |  | — |  |  |  | (4,449 | ) |  |  | — |  |  |  | (4,542 | ) |  |  | — |
Available-for-sale debt securities*3(b) |  |  | 117 |  |  |  | — |  |  |  | 21 |  |  |  | — |  |  |  | (21 | ) |  |  | — |
Less: Loans to affiliates *3(c) |  |  | (255 | ) |  |  | (1,050 | ) |  |  | (1,449 | ) |  |  | (1,957 | ) |  |  | (361 | ) |  |  | (649 | )
Amount reported on the consolidated financial statements |  | ¥ | 16,021 |  |  | ¥ | 78,945 |  |  | ¥ | 3,939 |  |  | ¥ | 69,459 |  |  | ¥ | 7,756 |  |  | ¥ | 64,723 |
| *3(a) | The allowance for off-balance sheet credit exposure were ¥26,094 million, ¥22,120 million and ¥17,843 million as of March 31, 2021, 2022 and 2023, respectively, and the amounts are recorded in “Other liabilities” on the consolidated balance sheets. For further information, see Note 30 “Commitments, Guarantees and Contingent Liabilities.”
| *3(b) | The allowance for available-for-sale debt securities were ¥120 million, ¥153 million and ¥144 million as of March 31, 2021, 2022 and 2023, respectively, and the amounts are recorded as a reduction in “Investment in securities” on the consolidated balance sheets. For further information, see Note 9 “Investment in Securities.”
| *3(c) | The provision for credit losses on loans to affiliates were provisions of ¥255 million, ¥1,449 million and ¥361 million during fiscal 2021, 2022 and 2023, respectively, and the amounts are recorded in “Equity in net income (loss) of affiliates” in the consolidated statements of income. The allowance for credit losses on loans to affiliates were ¥1,050 million, ¥1,957 million and ¥649 million as of March 31, 2021, 2022 and 2023, respectively, and the amounts are recorded as a reduction in “Investment in affiliates” on the consolidated balance sheets.
Summary of purchased loans | The following table provides information about purchased loans which were acquired for fiscal 2021, 2022 and 2023:
|  | Millions of yen |
|  | Fiscal Year ended March 31, 2021 |  |  | Fiscal Year ended March 31, 2022 |  |  | Fiscal Year ended March 31, 2023 |
Purchase price |  | ¥ | 2,705 |  |  | ¥ | 4,926 |  |  | ¥ | 2,444 |
Allowance for credit losses at acquisition date |  |  | 3,899 |  |  |  | 2,210 |  |  |  | 6,901 |
Discount or premium attributable to other factors |  |  | 254 |  |  |  | 220 |  |  |  | 261 |
Par value |  | ¥ | 6,858 |  |  | ¥ | 7,356 |  |  | ¥ | 9,606 |
Summary of origination years of financial assets | The following table provides information about the origination years of financial assets as of March 31, 2022 and 2023. Card loans to consumer borrowers with a revolving repayment feature that cannot be classified into the origination year are excluded from the table.
|  |  |  | March 31, 2022 |
|  |  |  | Millions of yen |
Portfolio segment |  |  |  | Origination year (years ended March 31) |  |  |  |
Class |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Credit Quality |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | 2018 |  |  | Prior |  |  | Total |
Consumer borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | ¥ | 322,924 |  |  | ¥ | 314,935 |  |  | ¥ | 387,988 |  |  | ¥ | 314,163 |  |  | ¥ | 202,309 |  |  | ¥ | 595,321 |  |  | ¥ | 2,137,640 |
|  | Non-Performing |  |  | 8,282 |  |  |  | 4,595 |  |  |  | 3,852 |  |  |  | 2,098 |  |  |  | 961 |  |  |  | 11,915 |  |  | ¥ | 31,703 |
Real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 302,695 |  |  |  | 309,893 |  |  |  | 382,612 |  |  |  | 311,959 |  |  |  | 198,974 |  |  |  | 594,612 |  |  | ¥ | 2,100,745 |
|  | Non-Performing |  |  | 26 |  |  |  | 94 |  |  |  | 489 |  |  |  | 380 |  |  |  | 222 |  |  |  | 11,474 |  |  | ¥ | 12,685 |
Other* |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 20,229 |  |  |  | 5,042 |  |  |  | 5,376 |  |  |  | 2,204 |  |  |  | 3,335 |  |  |  | 709 |  |  | ¥ | 36,895 |
|  | Non-Performing |  |  | 8,256 |  |  |  | 4,501 |  |  |  | 3,363 |  |  |  | 1,718 |  |  |  | 739 |  |  |  | 441 |  |  | ¥ | 19,018 |
Corporate borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 487,433 |  |  |  | 188,634 |  |  |  | 283,950 |  |  |  | 127,128 |  |  |  | 96,851 |  |  |  | 111,640 |  |  | ¥ | 1,295,636 |
|  | Non-Performing |  |  | 412 |  |  |  | 3,184 |  |  |  | 4,138 |  |  |  | 4,747 |  |  |  | 14,562 |  |  |  | 21,000 |  |  | ¥ | 48,043 |
Non-recourse loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 26,991 |  |  |  | 6,686 |  |  |  | 24,244 |  |  |  | 5,256 |  |  |  | 2,750 |  |  |  | 8,158 |  |  | ¥ | 74,085 |
The Americas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 0 |  |  |  | 5,547 |  |  |  | 51,467 |  |  |  | 11,744 |  |  |  | 7,721 |  |  |  | 1,397 |  |  | ¥ | 77,876 |
|  | Non-Performing |  |  | 0 |  |  |  | 64 |  |  |  | 0 |  |  |  | 1,587 |  |  |  | 0 |  |  |  | 1,391 |  |  | ¥ | 3,042 |
Other than non-recourse loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate companies in Japan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 102,719 |  |  |  | 48,420 |  |  |  | 37,845 |  |  |  | 28,727 |  |  |  | 24,481 |  |  |  | 34,111 |  |  | ¥ | 276,303 |
|  | Non-Performing |  |  | 0 |  |  |  | 245 |  |  |  | 938 |  |  |  | 71 |  |  |  | 0 |  |  |  | 1,050 |  |  | ¥ | 2,304 |
Real estate companies in overseas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 24,104 |  |  |  | 26,751 |  |  |  | 41,644 |  |  |  | 2,256 |  |  |  | 5,478 |  |  |  | 740 |  |  | ¥ | 100,973 |
|  | Non-Performing |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 371 |  |  |  | 12,790 |  |  |  | 7,717 |  |  | ¥ | 20,878 |
Commercial, industrial and other companies in Japan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 75,273 |  |  |  | 24,808 |  |  |  | 26,748 |  |  |  | 13,746 |  |  |  | 6,457 |  |  |  | 13,806 |  |  | ¥ | 160,838 |
|  | Non-Performing |  |  | 156 |  |  |  | 457 |  |  |  | 1,392 |  |  |  | 124 |  |  |  | 392 |  |  |  | 773 |  |  | ¥ | 3,294 |
Commercial, industrial and other companies in overseas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 258,346 |  |  |  | 76,422 |  |  |  | 102,002 |  |  |  | 65,399 |  |  |  | 49,964 |  |  |  | 53,428 |  |  | ¥ | 605,561 |
|  | Non-Performing |  |  | 256 |  |  |  | 2,418 |  |  |  | 1,808 |  |  |  | 2,594 |  |  |  | 1,380 |  |  |  | 10,069 |  |  | ¥ | 18,525 |
|  |  |  | March 31, 2022 |
|  |  |  | Millions of yen |
Portfolio segment |  |  |  | Origination year (years ended March 31) |  |  |  |
Class |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Credit Quality |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | 2018 |  |  | Prior |  |  | Total |
Purchased loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 0 |  |  |  | 0 |  |  |  | 24 |  |  |  | 281 |  |  |  | 1,072 |  |  |  | 10,885 |  |  | ¥ | 12,262 |
|  | Non-Performing |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,485 |  |  | ¥ | 1,485 |
Net investment in leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 328,428 |  |  |  | 249,106 |  |  |  | 190,125 |  |  |  | 113,190 |  |  |  | 77,683 |  |  |  | 80,217 |  |  | ¥ | 1,038,749 |
|  | Non-Performing |  |  | 2,608 |  |  |  | 2,899 |  |  |  | 3,474 |  |  |  | 2,787 |  |  |  | 2,178 |  |  |  | 5,278 |  |  | ¥ | 19,224 |
Japan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 119,538 |  |  |  | 154,757 |  |  |  | 133,589 |  |  |  | 91,691 |  |  |  | 68,087 |  |  |  | 78,283 |  |  | ¥ | 645,945 |
|  | Non-Performing |  |  | 402 |  |  |  | 605 |  |  |  | 1,044 |  |  |  | 1,103 |  |  |  | 1,247 |  |  |  | 2,109 |  |  | ¥ | 6,510 |
Overseas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 208,890 |  |  |  | 94,349 |  |  |  | 56,536 |  |  |  | 21,499 |  |  |  | 9,596 |  |  |  | 1,934 |  |  | ¥ | 392,804 |
|  | Non-Performing |  |  | 2,206 |  |  |  | 2,294 |  |  |  | 2,430 |  |  |  | 1,684 |  |  |  | 931 |  |  |  | 3,169 |  |  | ¥ | 12,714 |
Other financial assets measured at amortized cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 14,287 |  |  |  | 2,220 |  |  |  | 345 |  |  |  | 0 |  |  |  | 817 |  |  |  | 17,743 |  |  | ¥ | 35,412 |
|  | Non-Performing |  |  | 0 |  |  |  | 0 |  |  |  | 58 |  |  |  | 0 |  |  |  | 1,586 |  |  |  | 0 |  |  | ¥ | 1,644 |
Total (excluding revolving repayment card loans) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | ¥ | 1,153,072 |  |  | ¥ | 754,895 |  |  | ¥ | 862,432 |  |  | ¥ | 554,762 |  |  | ¥ | 378,732 |  |  | ¥ | 815,806 |  |  | ¥ | 4,519,699 |
|  | Non-Performing |  | ¥ | 11,302 |  |  | ¥ | 10,678 |  |  | ¥ | 11,522 |  |  | ¥ | 9,632 |  |  | ¥ | 19,287 |  |  | ¥ | 39,678 |  |  | ¥ | 102,099 |
|  |  |  | March 31, 2023 |
|  |  |  | Millions of yen |
Portfolio segment |  |  |  | Origination year (years ended March 31) |  |  |  |
Class |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Credit Quality |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | Prior |  |  | Total |
Consumer borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | ¥ | 300,198 |  |  | ¥ | 200,041 |  |  | ¥ | 281,872 |  |  | ¥ | 360,726 |  |  | ¥ | 293,297 |  |  | ¥ | 656,584 |  |  | ¥ | 2,092,718 |
|  | Non-Performing |  |  | 10,896 |  |  |  | 5,259 |  |  |  | 3,140 |  |  |  | 2,257 |  |  |  | 1,078 |  |  |  | 12,324 |  |  | ¥ | 34,954 |
Real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 266,663 |  |  |  | 190,076 |  |  |  | 279,690 |  |  |  | 359,321 |  |  |  | 292,388 |  |  |  | 655,811 |  |  | ¥ | 2,043,949 |
|  | Non-Performing |  |  | 17 |  |  |  | 81 |  |  |  | 378 |  |  |  | 474 |  |  |  | 239 |  |  |  | 11,821 |  |  | ¥ | 13,010 |
Other* |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 33,535 |  |  |  | 9,965 |  |  |  | 2,182 |  |  |  | 1,405 |  |  |  | 909 |  |  |  | 773 |  |  | ¥ | 48,769 |
|  | Non-Performing |  |  | 10,879 |  |  |  | 5,178 |  |  |  | 2,762 |  |  |  | 1,783 |  |  |  | 839 |  |  |  | 503 |  |  | ¥ | 21,944 |
Corporate borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 427,902 |  |  |  | 346,629 |  |  |  | 127,984 |  |  |  | 171,314 |  |  |  | 103,628 |  |  |  | 139,503 |  |  | ¥ | 1,316,960 |
|  | Non-Performing |  |  | 257 |  |  |  | 793 |  |  |  | 5,485 |  |  |  | 4,959 |  |  |  | 4,624 |  |  |  | 24,008 |  |  | ¥ | 40,126 |
Non-recourse loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 65,874 |  |  |  | 17,831 |  |  |  | 6,699 |  |  |  | 22,384 |  |  |  | 4,158 |  |  |  | 7,553 |  |  | ¥ | 124,499 |
The Americas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 2,901 |  |  |  | 706 |  |  |  | 5,217 |  |  |  | 15,153 |  |  |  | 10,595 |  |  |  | 834 |  |  | ¥ | 35,406 |
|  | Non-Performing |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,248 |  |  | ¥ | 3,248 |
Other than non-recourse loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate companies in Japan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 124,452 |  |  |  | 43,210 |  |  |  | 30,996 |  |  |  | 27,022 |  |  |  | 22,251 |  |  |  | 46,222 |  |  | ¥ | 294,153 |
|  | Non-Performing |  |  | 0 |  |  |  | 230 |  |  |  | 0 |  |  |  | 913 |  |  |  | 9 |  |  |  | 923 |  |  | ¥ | 2,075 |
Real estate companies in overseas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 34,508 |  |  |  | 12,639 |  |  |  | 9,091 |  |  |  | 6,998 |  |  |  | 1,627 |  |  |  | 1,165 |  |  | ¥ | 66,028 |
|  | Non-Performing |  |  | 0 |  |  |  | 0 |  |  |  | 741 |  |  |  | 0 |  |  |  | 813 |  |  |  | 12,063 |  |  | ¥ | 13,617 |
Commercial, industrial and other companies in Japan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 76,764 |  |  |  | 27,327 |  |  |  | 16,743 |  |  |  | 17,003 |  |  |  | 8,383 |  |  |  | 12,878 |  |  | ¥ | 159,098 |
|  | Non-Performing |  |  | 125 |  |  |  | 80 |  |  |  | 431 |  |  |  | 264 |  |  |  | 133 |  |  |  | 399 |  |  | ¥ | 1,432 |
Commercial, industrial and other companies in overseas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 123,403 |  |  |  | 244,916 |  |  |  | 59,238 |  |  |  | 82,754 |  |  |  | 56,614 |  |  |  | 70,851 |  |  | ¥ | 637,776 |
|  | Non-Performing |  |  | 132 |  |  |  | 483 |  |  |  | 4,313 |  |  |  | 3,782 |  |  |  | 3,669 |  |  |  | 7,375 |  |  | ¥ | 19,754 |
Purchased loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 26 |  |  |  | 396 |  |  |  | 0 |  |  |  | 21 |  |  |  | 406 |  |  |  | 10,385 |  |  | ¥ | 11,234 |
|  | Non-Performing |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,021 |  |  | ¥ | 1,021 |
Net investment in leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 440,421 |  |  |  | 257,871 |  |  |  | 139,306 |  |  |  | 103,726 |  |  |  | 53,604 |  |  |  | 75,794 |  |  | ¥ | 1,070,722 |
|  | Non-Performing |  |  | 2,757 |  |  |  | 3,228 |  |  |  | 1,806 |  |  |  | 2,042 |  |  |  | 1,720 |  |  |  | 5,288 |  |  | ¥ | 16,841 |
|  |  |  | March 31, 2023 |
|  |  |  | Millions of yen |
Portfolio segment |  |  |  | Origination year (years ended March 31) |  |  |  |
Class |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Credit Quality |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | Prior |  |  | Total |
Japan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 193,297 |  |  |  | 136,285 |  |  |  | 99,739 |  |  |  | 80,542 |  |  |  | 44,853 |  |  |  | 72,295 |  |  | ¥ | 627,011 |
|  | Non-Performing |  |  | 212 |  |  |  | 660 |  |  |  | 658 |  |  |  | 798 |  |  |  | 811 |  |  |  | 1,970 |  |  | ¥ | 5,109 |
Overseas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 247,124 |  |  |  | 121,586 |  |  |  | 39,567 |  |  |  | 23,184 |  |  |  | 8,751 |  |  |  | 3,499 |  |  | ¥ | 443,711 |
|  | Non-Performing |  |  | 2,545 |  |  |  | 2,568 |  |  |  | 1,148 |  |  |  | 1,244 |  |  |  | 909 |  |  |  | 3,318 |  |  | ¥ | 11,732 |
Other financial assets measured at amortized cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | 3,197 |  |  |  | 0 |  |  |  | 2,089 |  |  |  | 282 |  |  |  | 0 |  |  |  | 21,301 |  |  | ¥ | 26,869 |
|  | Non-Performing |  |  | 0 |  |  |  | 298 |  |  |  | 0 |  |  |  | 0 |  |  |  | 368 |  |  |  | 0 |  |  | ¥ | 666 |
Total (excluding revolving repayment card loans) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  | ¥ | 1,171,744 |  |  | ¥ | 804,937 |  |  | ¥ | 551,251 |  |  | ¥ | 636,069 |  |  | ¥ | 450,935 |  |  | ¥ | 903,567 |  |  | ¥ | 4,518,503 |
|  | Non-Performing |  |  | 13,910 |  |  |  | 9,578 |  |  |  | 10,431 |  |  |  | 9,258 |  |  |  | 7,790 |  |  |  | 42,641 |  |  | ¥ | 93,608 |
Note: | Loans held for sale and policy loan receivables of an insurance entity are not included in the table above.
* | Other in loans to consumer borrowers includes claims receivable arising from payments on guarantee of consumer loans. For further information, see Note 30 “Commitments, Guarantees and Contingent Liabilities.”
Summary of revolving repayment card loans | The information about card loans to consumer borrowers with a revolving repayment feature that cannot be classified into the origination year as of March 31, 2022 and 2023 are as follows:
|  | March 31, 2022 |
|  | Millions of yen |
Portfolio segment |  | Revolving repayment card loans |  |  | Modification of collection condition by relief of contract condition |  |  | Total—revolving repayment card loans |  |  | Total— origination year (excluding revolving repayment card loans) |  |  | Total— financial assets measured at amortized cost |
Credit quality
Consumer borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | ¥ | 169,601 |  |  | ¥ | 0 |  |  | ¥ | 169,601 |  |  | ¥ | 4,519,699 |  |  | ¥ | 4,689,300 |
Non-Performing |  |  | 671 |  |  |  | 3,415 |  |  |  | 4,086 |  |  |  | 102,099 |  |  | ¥ | 106,185 |
|  | March 31, 202 3 |
|  | Millions of yen |
Portfolio segment |  | Revolving repayment card loans |  |  | Modification of collection condition by relief of contract condition |  |  | Total—revolving repayment card loans |  |  | Total— origination year (excluding revolving repayment card loans) |  |  | Total— financial assets measured at amortized cost |
Credit quality
Consumer borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | ¥ | 166,392 |  |  | ¥ | 0 |  |  | ¥ | 166,392 |  |  | ¥ | 4,518,503 |  |  | ¥ | 4,684,895 |
Non-Performing |  |  | 1,588 |  |  |  | 3,655 |  |  |  | 5,243 |  |  |  | 93,608 |  |  | ¥ | 98,851 |
Summary of past-due financial assets | The following table provides information about the past-due financial assets as of March 31, 2022 and 2023:
|  | March 31, 2022 |
|  |  |  | Millions of yen |
|  |  |  | Past-due financing assets |  |  |  |
Portfolio segment |  | Class |  | 30-89 days past-due |  |  | 90 days or more past-due |  |  | Total past-due |  |  | Total financing receivables |
Consumer borrowers |  |  |  | ¥ | 4,183 |  |  | ¥ | 5,637 |  |  | ¥ | 9,820 |  |  | ¥ | 2,343,030 |
|  | Real estate loans |  |  | 1,473 |  |  |  | 2,262 |  |  |  | 3,735 |  |  |  | 2,113,430 |
|  | Card loans |  |  | 371 |  |  |  | 503 |  |  |  | 874 |  |  |  | 173,687 |
|  | Other |  |  | 2,339 |  |  |  | 2,872 |  |  |  | 5,211 |  |  |  | 55,913 |
Corporate borrowers |  |  |  |  | 20,840 |  |  |  | 31,935 |  |  |  | 52,775 |  |  |  | 1,343,679 |
Non-recourse loans |  | Japan |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 74,085 |
|  | The Americas |  |  | 514 |  |  |  | 3,042 |  |  |  | 3,556 |  |  |  | 80,918 |
Other than Non-recourse loans |  | Real estate companies in Japan |  |  | 578 |  |  |  | 350 |  |  |  | 928 |  |  |  | 278,607 |
|  | Real estate companies in overseas |  |  | 16,113 |  |  |  | 20,879 |  |  |  | 36,992 |  |  |  | 121,851 |
|  | Commercial, industrial and other companies in Japan |  |  | 1,243 |  |  |  | 1,268 |  |  |  | 2,511 |  |  |  | 164,132 |
|  | Commercial, industrial and other companies in overseas |  |  | 2,392 |  |  |  | 6,396 |  |  |  | 8,788 |  |  |  | 624,086 |
Net investment in leases |  |  |  |  | 9,322 |  |  |  | 17,746 |  |  |  | 27,068 |  |  |  | 1,057,973 |
|  | Japan |  |  | 2,252 |  |  |  | 5,782 |  |  |  | 8,034 |  |  |  | 652,455 |
|  | Overseas |  |  | 7,070 |  |  |  | 11,964 |  |  |  | 19,034 |  |  |  | 405,518 |
Total |  |  |  | ¥ | 34,345 |  |  | ¥ | 55,318 |  |  | ¥ | 89,663 |  |  | ¥ | 4,744,682 |
|  | March 31, 2023 |
|  |  |  | Millions of yen |
|  |  |  | Past-due financing assets |  |  |  |
Portfolio segment |  | Class |  | 30-89 days past-due |  |  | 90 days or more past-due |  |  | Total past-due |  |  | Total financing receivables |
Consumer borrowers |  |  |  | ¥ | 4,574 |  |  | ¥ | 10,047 |  |  | ¥ | 14,621 |  |  | ¥ | 2,299,307 |
|  | Real estate loans |  |  | 1,739 |  |  |  | 2,181 |  |  |  | 3,920 |  |  |  | 2,056,959 |
|  | Card loans |  |  | 514 |  |  |  | 1,364 |  |  |  | 1,878 |  |  |  | 171,635 |
|  | Other |  |  | 2,321 |  |  |  | 6,502 |  |  |  | 8,823 |  |  |  | 70,713 |
Corporate borrowers |  |  |  |  | 5,628 |  |  |  | 21,363 |  |  |  | 26,991 |  |  |  | 1,357,086 |
Non-recourse loans |  | Japan |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 124,499 |
|  | The Americas |  |  | 0 |  |  |  | 1,494 |  |  |  | 1,494 |  |  |  | 38,654 |
Other than Non-recourse loans |  | Real estate companies in Japan |  |  | 159 |  |  |  | 219 |  |  |  | 378 |  |  |  | 296,228 |
|  | Real estate companies in overseas |  |  | 1,412 |  |  |  | 13,618 |  |  |  | 15,030 |  |  |  | 79,645 |
|  | Commercial, industrial and other companies in Japan |  |  | 1,366 |  |  |  | 1,118 |  |  |  | 2,484 |  |  |  | 160,530 |
|  | Commercial, industrial and other companies in overseas |  |  | 2,691 |  |  |  | 4,914 |  |  |  | 7,605 |  |  |  | 657,530 |
Net investment in leases |  |  |  |  | 9,181 |  |  |  | 15,583 |  |  |  | 24,764 |  |  |  | 1,087,563 |
|  | Japan |  |  | 2,648 |  |  |  | 4,431 |  |  |  | 7,079 |  |  |  | 632,120 |
|  | Overseas |  |  | 6,533 |  |  |  | 11,152 |  |  |  | 17,685 |  |  |  | 455,443 |
Total |  |  |  | ¥ | 19,383 |  |  | ¥ | 46,993 |  |  | ¥ | 66,376 |  |  | ¥ | 4,743,956 |
Note: | Loans held for sale, policy loans receivable of an insurance entity and purchased loans are not included in the table above.
Summary of non-accrual of financial assets | The following table provides information about non-accrual of financial assets as of March 31, 2022 and 2023:
|  | March 31, 2022 |
|  | Millions of yen |
|  | Beginning balance |  |  | Ending balance |  |  | Interest income recognized during the reporting period |  |  | Balance not associated allowance for credit losses among financial assets measured at amortized cost, which is suspending recognition of income |
Non-accrual of financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment loans to consumer borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  | ¥ | 1,976 |  |  | ¥ | 1,824 |  |  | ¥ | 193 |  |  | ¥ | 21 |
Overseas |  |  | 570 |  |  |  | 475 |  |  |  | 0 |  |  |  | 129 |
Card loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 1,115 |  |  |  | 503 |  |  |  | 35 |  |  |  | 0 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 5,970 |  |  |  | 2,391 |  |  |  | 208 |  |  |  | 0 |
Overseas |  |  | 691 |  |  |  | 519 |  |  |  | 0 |  |  |  | 39 |
Installment loans to corporate borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-recourse loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
The Americas |  |  | 10,148 |  |  |  | 8,787 |  |  |  | 0 |  |  |  | 0 |
Real estate companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 778 |  |  |  | 351 |  |  |  | 51 |  |  |  | 61 |
Overseas |  |  | 14,505 |  |  |  | 20,879 |  |  |  | 0 |  |  |  | 0 |
Commercial, industrial companies and other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 1,993 |  |  |  | 1,267 |  |  |  | 91 |  |  |  | 28 |
Overseas |  |  | 26,396 |  |  |  | 18,634 |  |  |  | 112 |  |  |  | 4,018 |
Net investment in leases |  |  | 17,166 |  |  |  | 17,771 |  |  |  | 0 |  |  |  | 0 |
Total |  | ¥ | 81,308 |  |  | ¥ | 73,401 |  |  | ¥ | 690 |  |  | ¥ | 4,296 |
|  | March 31, 2023 |
|  | Millions of yen |
|  | Beginning balance |  |  | Ending balance |  |  | Interest income recognized during the reporting period |  |  | Balance not associated allowance for credit losses among financial assets measured at amortized cost, which is suspending recognition of income |
Non-accrual of financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment loans to consumer borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  | ¥ | 1,824 |  |  | ¥ | 1,693 |  |  | ¥ | 235 |  |  | ¥ | 41 |
Overseas |  |  | 475 |  |  |  | 547 |  |  |  | 0 |  |  |  | 0 |
Card loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 503 |  |  |  | 1,367 |  |  |  | 28 |  |  |  | 0 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 2,391 |  |  |  | 5,429 |  |  |  | 170 |  |  |  | 10 |
Overseas |  |  | 519 |  |  |  | 1,105 |  |  |  | 0 |  |  |  | 0 |
Installment loans to corporate borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-recourse loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
The Americas |  |  | 8,787 |  |  |  | 3,248 |  |  |  | 0 |  |  |  | 0 |
Real estate companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 351 |  |  |  | 219 |  |  |  | 51 |  |  |  | 13 |
Overseas |  |  | 20,879 |  |  |  | 12,804 |  |  |  | 0 |  |  |  | 0 |
Commercial, industrial companies and other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 1,267 |  |  |  | 1,118 |  |  |  | 71 |  |  |  | 190 |
Overseas |  |  | 18,634 |  |  |  | 20,470 |  |  |  | 0 |  |  |  | 2,113 |
Net investment in leases |  |  | 17,771 |  |  |  | 16,627 |  |  |  | 0 |  |  |  | 0 |
Total |  | ¥ | 73,401 |  |  | ¥ | 64,627 |  |  | ¥ | 555 |  |  | ¥ | 2,367 |
Summary of troubled debt restructurings of financing receivables | The following table provides information about troubled debt restructurings of financing receivables that occurred during the fiscal year ended March 31, 2021, 2022 and 2023:
|  | Fiscal Year ended March 31, 2021 |
|  |  |  | Millions of yen |
Portfolio segment |  | Class |  | Pre-modification outstanding recorded investment |  |  | Post-modification outstanding recorded investment |
Consumer borrowers |  |  |  | ¥ | 9,279 |  |  | ¥ | 6,727 |
|  | Real estate loans |  |  | 34 |  |  |  | 23 |
|  | Card loans |  |  | 1,677 |  |  |  | 1,261 |
|  | Other |  |  | 7,568 |  |  |  | 5,443 |
Corporate borrowers |  |  |  |  | 14,723 |  |  |  | 13,049 |
Other than Non-recourse loans |  | Real estate companies in overseas |  |  | 111 |  |  |  | 111 |
|  | Commercial, industrial and other companies in Japan |  |  | 38 |  |  |  | 38 |
|  | Commercial, industrial and other companies in overseas |  |  | 14,574 |  |  |  | 12,900 |
Total |  |  |  | ¥ | 24,002 |  |  | ¥ | 19,776 |
|  | Fiscal Year ended March 31, 2022 |
|  |  |  | Millions of yen |
Portfolio segment |  | Class |  | Pre-modification outstanding recorded investment |  |  | Post-modification outstanding recorded investment |
Consumer borrowers |  |  |  | ¥ | 8,761 |  |  | ¥ | 6,152 |
|  | Real estate loans |  |  | 15 |  |  |  | 6 |
|  | Card loans |  |  | 1,385 |  |  |  | 1,072 |
|  | Other |  |  | 7,361 |  |  |  | 5,074 |
Corporate borrowers |  |  |  |  | 5,481 |  |  |  | 5,319 |
Other than Non-recourse loans |  | Commercial, industrial and other companies in overseas |  |  | 5,481 |  |  |  | 5,319 |
Total |  |  |  | ¥ | 14,242 |  |  | ¥ | 11,471 |
|  | Fiscal Year ended March 31, 2023 |
|  |  |  | Millions of yen |
Portfolio segment |  | Class |  | Pre-modification outstanding recorded investment |  |  | Post-modification outstanding recorded investment |
Consumer borrowers |  |  |  | ¥ | 7,977 |  |  | ¥ | 6,171 |
|  | Real estate loans |  |  | 10 |  |  |  | 4 |
|  | Card loans |  |  | 1,536 |  |  |  | 1,312 |
|  | Other |  |  | 6,431 |  |  |  | 4,855 |
Corporate borrowers |  |  |  |  | 10,510 |  |  |  | 10,507 |
Other than Non-recourse loans |  | Real estate companies in Japan |  |  | 231 |  |  |  | 230 |
|  | Commercial, industrial and other companies in overseas |  |  | 10,279 |  |  |  | 10,277 |
Total |  |  |  | ¥ | 18,487 |  |  | ¥ | 16,678 |
Summary of financing receivables modified as troubled debt restructurings | The following table provides information about financing receivables modified as troubled debt restructurings within the previous 12 months from March 31, 2021 and for which there was a payment default during the fiscal year ended March 31, 2021:
|  | Fiscal Year ended March 31, 2021 |
|  |  |  | Millions of yen |
Portfolio segment |  | Class |  | Recorded investment |
Consumer borrowers |  |  |  | ¥ | 387 |
|  | Card loans |  |  | 36 |
|  | Other |  |  | 351 |
Corporate borrowers |  |  |  |  | 752 |
Other than Non-recourse loans |  | Commercial, industrial other companies in overseas |  |  | 752 |
Total |  |  |  | ¥ | 1,139 |
The following table provides information about financing receivables modified as troubled debt restructurings within the previous 12 months from March 31, 2022 and for which there was a payment default during the fiscal year ended March 31, 2022:
|  | Fiscal Year ended March 31, 2022 |
|  |  |  | Millions of yen |
Portfolio segment |  | Class |  | Recorded investment |
Consumer borrowers |  |  |  | ¥ | 900 |
|  | Real estate loans |  |  | 4 |
|  | Card loans |  |  | 6 |
|  | Other |  |  | 890 |
Total |  |  |  | ¥ | 900 |
The following table provides information about financing receivables modified as troubled debt restructurings within the previous 12 months from March 31, 2023 and for which there was a payment default during the fiscal year ended March 31, 2023:
|  | Fiscal Year ended March 31, 2023 |
|  |  |  | Millions of yen |
Portfolio segment |  | Class |  | Recorded investment |
Consumer borrowers |  |  |  | ¥ | 808 |
|  | Real estate loans |  |  | 5 |
|  | Card loans |  |  | 2 |
|  | Other |  |  | 801 |
Corporate borrowers |  |  |  |  | 4,692 |
Other than Non-recourse loans |  | Commercial, industrial and other companies in overseas |  |  | 4,692 |
Total |  |  |  | ¥ | 5,500 |

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