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v3.23.2

Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
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Mar. 31, 2023
Equity [Abstract] |
Changes in Components of Accumulated Other Comprehensive Income (Loss) | Changes in each component of accumulated other comprehensive income (loss) attributable to ORIX Corporation Shareholders in fiscal 2021, 2022 and 2023 are as follows:
|  | Millions of yen |
|  | Net unrealized gains (losses) on investment in securities |  |  | Debt valuation adjustments |  |  | Defined benefit pension plans |  |  | Foreign currency translation adjustments |  |  | Net unrealized gains (losses) on derivative instruments |  |  | Accumulated other comprehensive income (loss) |
Balance at March 31, 2020 |  | ¥ | (5,001 | ) |  | ¥ | 1,457 |  |  | ¥ | (26,375 | ) |  | ¥ | (72,471 | ) |  | ¥ | (16,142 | ) |  | ¥ | (118,532 | )
Net unrealized gains (losses) on investment in securities, net of tax of ¥5,702 million |  |  | (11,188 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (11,188 | )
Reclassification adjustment included in net income, net of tax of ¥510 million |  |  | 6 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6 |
Debt valuation adjustments, net of tax of ¥321 million |  |  |  |  |  |  | (826 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (826 | )
Reclassification adjustment included in net income, net of tax of ¥28 million |  |  |  |  |  |  | (73 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (73 | )
Defined benefit pension plans, net of tax of ¥(2,247) million |  |  |  |  |  |  |  |  |  |  | 4,511 |  |  |  |  |  |  |  |  |  |  |  | 4,511 |
Reclassification adjustment included in net income, net of tax of ¥(368) million |  |  |  |  |  |  |  |  |  |  | 819 |  |  |  |  |  |  |  |  |  |  |  | 819 |
Foreign currency translation adjustments, net of tax of ¥14,709 million |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 32,180 |  |  |  |  |  |  |  | 32,180 |
Reclassification adjustment included in net income, net of tax of ¥(751) million |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,066 |  |  |  |  |  |  |  | 4,066 |
Net unrealized gains (losses) on derivative instruments, net of tax of ¥40 million |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (997 | ) |  |  | (997 | )
Reclassification adjustment included in net income, net of tax of ¥(1,923) million |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5,779 |  |  |  | 5,779 |
Total other comprehensive income (loss) |  |  | (11,182 | ) |  |  | (899 | ) |  |  | 5,330 |  |  |  | 36,246 |  |  |  | 4,782 |  |  |  | 34,277 |
Less: Other Comprehensive Income Attributable to the Noncontrolling Interests |  |  | 25 |  |  |  | 0 |  |  |  | 28 |  |  |  | 511 |  |  |  | 111 |  |  |  | 675 |
Less: Other Comprehensive Income (Loss) Attributable to the Redeemable Noncontrolling Interests |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (280 | ) |  |  | 0 |  |  |  | (280 | )
Balance at March 31, 2021 |  | ¥ | (16,208 | ) |  | ¥ | 558 |  |  | ¥ | (21,073 | ) |  | ¥ | (36,456 | ) |  | ¥ | (11,471 | ) |  | ¥ | (84,650 | )
Net unrealized gains (losses) on investment in securities, net of tax of ¥21,836 million |  |  | (52,477 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (52,477 | )
Reclassification adjustment included in net income, net of tax of ¥61 million |  |  | (4,207 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,207 | )
Debt valuation adjustments, net of tax of ¥121 million |  |  |  |  |  |  | (311 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (311 | )
Reclassification adjustment included in net income, net of tax of ¥10 million |  |  |  |  |  |  | (26 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (26 | )
Defined benefit pension plans, net of tax of ¥(4,738) million |  |  |  |  |  |  |  |  |  |  | 12,626 |  |  |  |  |  |  |  |  |  |  |  | 12,626 |
Reclassification adjustment included in net income, net of tax of ¥(151) million |  |  |  |  |  |  |  |  |  |  | 376 |  |  |  |  |  |  |  |  |  |  |  | 376 |
Foreign currency translation adjustments, net of tax of ¥17,642 million |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 105,079 |  |  |  |  |  |  |  | 105,079 |
Reclassification adjustment included in net income, net of tax of ¥(295) million |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 614 |  |  |  |  |  |  |  | 614 |
Net unrealized gains (losses) on derivative instruments, net of tax of ¥(3,256) million |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,634 |  |  |  | 10,634 |
Reclassification adjustment included in net income, net of tax of ¥(1,478) million |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,436 |  |  |  | 4,436 |
Total other comprehensive income (loss) |  |  | (56,684 | ) |  |  | (337 | ) |  |  | 13,002 |  |  |  | 105,693 |  |  |  | 15,070 |  |  |  | 76,744 |
Transaction with noncontrolling interests |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (1,472 | ) |  |  | (3 | ) |  |  | (1,475 | )
Less: Other Comprehensive Income Attributable to the Noncontrolling Interests |  |  | 0 |  |  |  | 0 |  |  |  | 1 |  |  |  | 5,851 |  |  |  | 808 |  |  |  | 6,660 |
Balance at March 31, 2022* |  | ¥ | (72,892 | ) |  | ¥ | 221 |  |  | ¥ | (8,072 | ) |  | ¥ | 61,914 |  |  | ¥ | 2,788 |  |  | ¥ | (16,041 | )
* | As of March 31, 2022, there were no net unrealized gains (losses) on investment in securities related to available-for-sale debt securities with allowance for credit losses.
|  | Millions of yen |
|  | Net unrealized gains (losses) on investment in securities |  |  | Debt valuation adjustments |  |  | Defined benefit pension plans |  |  | Foreign currency translation adjustments |  |  | Net unrealized gains (losses) on derivative instruments |  |  | Accumulated other comprehensive income (loss) |
Balance at March 31, 2022 |  | ¥ | (72,892 | ) |  | ¥ | 221 |  |  | ¥ | (8,072 | ) |  | ¥ | 61,914 |  |  | ¥ | 2,788 |  |  | ¥ | (16,041 | )
Net unrealized gains (losses) on investment in securities, net of tax of ¥41,871 million |  |  | (109,745 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (109,745 | )
Reclassification adjustment included in net income, net of tax of ¥90 million |  |  | (421 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (421 | )
Debt valuation adjustments, net of tax of ¥(25) million |  |  |  |  |  |  | 67 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 67 |
Reclassification adjustment included in net income, net of tax of ¥5 million |  |  |  |  |  |  | (13 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (13 | )
Defined benefit pension plans, net of tax of ¥(1,706) million |  |  |  |  |  |  |  |  |  |  | 4,659 |  |  |  |  |  |  |  |  |  |  |  | 4,659 |
Reclassification adjustment included in net income, net of tax of ¥76 million |  |  |  |  |  |  |  |  |  |  | (211 | ) |  |  |  |  |  |  |  |  |  |  | (211 | )
Foreign currency translation adjustments, net of tax of ¥19,131 million |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 90,616 |  |  |  |  |  |  |  | 90,616 |
Reclassification adjustment included in net income, net of tax of ¥(1,806) million |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,091 |  |  |  |  |  |  |  | 4,091 |
Net unrealized gains (losses) on derivative instruments, net of tax of ¥(3,106) million |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 18,232 |  |  |  | 18,232 |
Reclassification adjustment included in net income, net of tax of ¥(408) million |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,438 |  |  |  | 1,438 |
Total other comprehensive income (loss) |  |  | (110,166 | ) |  |  | 54 |  |  |  | 4,448 |  |  |  | 94,707 |  |  |  | 19,670 |  |  |  | 8,713 |
Transaction with noncontrolling interests |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 2,903 |  |  |  | 1,493 |  |  |  | 4,396 |
Less: Other Comprehensive Income (loss) Attributable to the Noncontrolling Interests |  |  | 0 |  |  |  | 0 |  |  |  | (7 | ) |  |  | 3,637 |  |  |  | 1,868 |  |  |  | 5,498 |
Less: Other Comprehensive Income Attributable to the Redeemable Noncontrolling Interests |  |  | (24 | ) |  |  | 0 |  |  |  | 0 |  |  |  | (25 | ) |  |  | 0 |  |  |  | (49 | )
Balance at March 31, 2023* |  | ¥ | (183,034 | ) |  | ¥ | 275 |  |  | ¥ | (3,617 | ) |  | ¥ | 155,912 |  |  | ¥ | 22,083 |  |  | ¥ | (8,381 | )
* | As of March 31, 2023, there were no net unrealized gains (losses) on investment in securities related to available-for-sale debt securities with allowance for credit losses.
Amounts Reclassified to Net Income from Accumulated Other Comprehensive Income (loss) | Amounts reclassified to net income from accumulated other comprehensive income (loss) for fiscal 2021, 2022 and 2023 are as follows:
|  | March 31, 2021
Details about accumulated other comprehensive income components |  | Reclassification adjustment included in net income |  |  | Consolidated statements of income caption
|  | Millions of yen |  |  |
Net unrealized gains (losses) on investment in securities |  |  |  |  |  |
Sales of debt securities |  | ¥ | 2,473 |  |  | Gains on investment securities and dividends
Sales of debt securities |  |  | 5,433 |  |  | Life insurance premiums and related investment income
Amortization of debt securities |  |  | (1,468 | ) |  | Finance revenues
Amortization of debt securities |  |  | (1,340 | ) |  | Life insurance premiums and related investment income
Others |  |  | (4,594 | ) |  | Write-downs of securities
|  |  | 504 |  |  | Total before income tax
|  |  | (510 | ) |  | Income tax (expense) or benefit
|  | ¥ | (6 | ) |  | Net of tax
Debt valuation adjustments |  |  |  |  |  |
Fulfillment of policy liabilities and amortization of policy account balances |  | ¥ | 101 |  |  | Life insurance costs
|  |  | 101 |  |  | Total before income tax
|  |  | (28 | ) |  | Income tax (expense) or benefit
|  | ¥ | 73 |  |  | Net of tax
Defined benefit pension plans |  |  |  |  |  |
Amortization of prior service credit |  | ¥ | 447 |  |  | See Note 17 “Pension Plans”
Amortization of net actuarial loss |  |  | (1,633 | ) |  | See Note 17 “Pension Plans”
Amortization of transition obligation |  |  | (1 | ) |  | See Note 17 “Pension Plans”
|  |  | (1,187 | ) |  | Total before income tax
|  |  | 368 |  |  | Income tax (expense) or benefit
|  | ¥ | (819 | ) |  | Net of tax
Foreign currency translation adjustments |  |  |  |  |  |
Foreign exchange contracts |  |  | (2,057 | ) |  | Gains on sales of subsidiaries and affiliates and liquidation losses, net/Interest expense/Other (income) and expense
Sales or liquidation |  |  | (2,760 | ) |  | Gains on sales of subsidiaries and affiliates and liquidation losses, net
|  |  | (4,817 | ) |  | Total before income tax
|  |  | 751 |  |  | Income tax (expense) or benefit
|  | ¥ | (4,066 | ) |  | Net of tax
Net unrealized gains (losses) on derivative instruments |  |  |  |  |  |
Interest rate swap agreements |  | ¥ | (1,522 | ) |  | Interest expense
Foreign exchange contracts |  |  | (242 | ) |  | Interest expense/Other (income) and expense
Foreign currency swap agreements |  |  | (5,938 | ) |  | Interest expense/Other (income) and expense
|  |  | (7,702 | ) |  | Total before income tax
|  |  | 1,923 |  |  | Income tax (expense) or benefit
|  | ¥ | (5,779 | ) |  | Net of tax
|  | March 31, 2022
Details about accumulated other comprehensive income components |  | Reclassification adjustment included in net income |  |  | Consolidated statements of income caption
|  | Millions of yen |  |  |
Net unrealized gains (losses) on investment in securities |  |  |  |  |  |
Sales of debt securities |  | ¥ | 4,619 |  |  | Gains on investment securities and dividends
Sales of debt securities |  |  | 737 |  |  | Life insurance premiums and related investment income
Amortization of debt securities |  |  | 92 |  |  | Finance revenues
Amortization of debt securities |  |  | (658 | ) |  | Life insurance premiums and related investment income
Others |  |  | (522 | ) |  | Write-downs of securities
|  |  | 4,268 |  |  | Total before income tax
|  |  | (61 | ) |  | Income tax (expense) or benefit
|  | ¥ | 4,207 |  |  | Net of tax
Debt valuation adjustments |  |  |  |  |  |
Fulfillment of policy liabilities and amortization of policy account balances |  | ¥ | 36 |  |  | Life insurance costs
|  |  | 36 |  |  | Total before income tax
|  |  | (10 | ) |  | Income tax (expense) or benefit
|  | ¥ | 26 |  |  | Net of tax
Defined benefit pension plans |  |  |  |  |  |
Amortization of prior service credit |  | ¥ | 386 |  |  | See Note 17 “Pension Plans”
Amortization of net actuarial loss |  |  | (912 | ) |  | See Note 17 “Pension Plans”
Amortization of transition obligation |  |  | (1 | ) |  | See Note 17 “Pension Plans”
|  |  | (527 | ) |  | Total before income tax
|  |  | 151 |  |  | Income tax (expense) or benefit
|  | ¥ | (376 | ) |  | Net of tax
Foreign currency translation adjustments |  |  |  |  |  |
Foreign exchange contracts |  | ¥ | (1,782 | ) |  | Gains on sales of subsidiaries and affiliates and liquidation losses, net/Interest expense/Other (income) and expense
Sales or liquidation |  |  | 873 |  |  | Gains on sales of subsidiaries and affiliates and liquidation losses, net
|  |  | (909 | ) |  | Total before income tax
|  |  | 295 |  |  | Income tax (expense) or benefit
|  | ¥ | (614 | ) |  | Net of tax
Net unrealized gains (losses) on derivative instruments |  |  |  |  |  |
Interest rate swap agreements |  | ¥ | (1,615 | ) |  | Interest expense
Foreign exchange contracts |  |  | (710 | ) |  | Interest expense/Other (income) and expense
Foreign currency swap agreements |  |  | (3,589 | ) |  | Interest expense/Other (income) and expense
|  |  | (5,914 | ) |  | Total before income tax
|  |  | 1,478 |  |  | Income tax (expense) or benefit
|  | ¥ | (4,436 | ) |  | Net of tax
|  | March 31, 2023
Details about accumulated other comprehensive income components |  | Reclassification adjustment included in net income |  |  | Consolidated statements of income caption
|  | Millions of yen |  |  |
Net unrealized gains (losses) on investment in securities |  |  |  |  |  |
Sales of debt securities |  | ¥ | 155 |  |  | Gains on investment securities and dividends
Sales of debt securities |  |  | (765 | ) |  | Life insurance premiums and related investment income
Amortization of debt securities |  |  | 509 |  |  | Finance revenues
Amortization of debt securities |  |  | 1,148 |  |  | Life insurance premiums and related investment income
Others |  |  | (536 | ) |  | Write-downs of securities
|  |  | 511 |  |  | Total before income tax
|  |  | (90 | ) |  | Income tax (expense) or benefit
|  | ¥ | 421 |  |  | Net of tax
Debt valuation adjustments |  |  |  |  |  |
Fulfillment of policy liabilities and amortization of policy account balances |  | ¥ | 18 |  |  | Life insurance costs
|  |  | 18 |  |  | Total before income tax
|  |  | (5 | ) |  | Income tax (expense) or benefit
|  | ¥ | 13 |  |  | Net of tax
Defined benefit pension plans |  |  |  |  |  |
Amortization of prior service credit |  | ¥ | 376 |  |  | See Note 17 “Pension Plans”
Amortization of net actuarial loss |  |  | (88 | ) |  | See Note 17 “Pension Plans”
Amortization of transition obligation |  |  | (1 | ) |  | See Note 17 “Pension Plans”
|  |  | 287 |  |  | Total before income tax
|  |  | (76 | ) |  | Income tax (expense) or benefit
|  | ¥ | 211 |  |  | Net of tax
Foreign currency translation adjustments |  |  |  |  |  |
Foreign exchange contracts |  | ¥ | (14,673 | ) |  | Gains on sales of subsidiaries and affiliates and liquidation losses, net/Interest expense/Other (income) and expense
Sales or liquidation |  |  | 8,776 |  |  | Gains on sales of subsidiaries and affiliates and liquidation losses, net
|  |  | (5,897 | ) |  | Total before income tax
|  |  | 1,806 |  |  | Income tax (expense) or benefit
|  | ¥ | (4,091 | ) |  | Net of tax
Net unrealized gains (losses) on derivative instruments |  |  |  |  |  |
Interest rate swap agreements |  | ¥ | (175 | ) |  | Interest expense
Foreign exchange contracts |  |  | 0 |  |  | Interest expense/Other (income) and expense
Foreign currency swap agreements |  |  | (1,671 | ) |  | Interest expense/Other (income) and expense
|  |  | (1,846 | ) |  | Total before income tax
|  |  | 408 |  |  | Income tax (expense) or benefit
|  | ¥ | (1,438 | ) |  | Net of tax

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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
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