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Write-Downs of Long-Lived Assets | 12 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Write-Downs of Long-Lived Assets | 24. Write-Downs of Long-Lived Assets The Company and its subsidiaries perform tests for recoverability on long-lived assets classified as held and used for which events or changes in circumstances indicated that the assets might be impaired. The Company and its subsidiaries consider an asset’s carrying amount as not recoverable when such carrying amount exceeds the undiscounted future cash flows estimated to result from the use and eventual disposition of the asset. The net carrying amount of assets not recoverable is reduced to fair value if lower than the carrying amount. As of March 31, 2022 and 2023, the long-lived assets and liabilities associated with those assets classified as held for sale in the accompanying consolidated balance sheets are as follows.
|  | Millions of yen |
| 2022 |  |  | 2023 |
Investment in operating leases |  | ¥ | 35,061 |  |  | ¥ | 13,104 |
Property under facility operations |  |  | 8,376 |  |  |  | 10 |
Office facilities |  |  | 1,375 |  |  |  | 55 |
Other assets |  |  | 1,556 |  |  |  | 0 |
Other liabilities |  |  | 1,761 |  |  |  | 0 |
The long-lived assets classified as held for sale as of March 31, 2022 are included in Corporate Financial Services and Maintenance Leasing segment, Real Estate segment, PE Investment and Concession segment, Aircraft and Ships segment and ORIX USA segment. The long-lived assets classified as held for sale as of March 31, 2023 are included in Corporate Financial Services and Maintenance Leasing segment, Real Estate segment, Environment and Energy segment, Aircraft and Ships segment and ORIX USA segment. The Company and its subsidiaries determine the fair value using appraisals prepared by independent third party appraisers or our own staff of qualified appraisers, and others based on recent transactions involving sales of similar assets or other valuation techniques such as discounted cash flows methodologies using future cash flows estimated to be generated from operation of the existing assets or completion of development projects, as appropriate. During fiscal 2021, 2022 and 2023, the Company and its subsidiaries recognized impairment losses for the difference between carrying amounts and fair values in the amount of ¥3,020 million, ¥35,666 million and ¥2,297 million, respectively, which are reflected as write-downs of long-lived assets. Breakdowns of these amounts are as follows.
Fiscal Year ended March 31, 2021 |  | Write-downs of the assets held for sale |  |  | Write-downs due to decline in estimated future cash flows |
| Amount (Millions of yen) |  |  | The number of properties |  |  | Amount (Millions of yen) |  |  | The number of properties |
Office buildings |  | ¥ | 0 |  |  |  | — |  |  | ¥ | 331 |  |  |  | 1 |
Commercial facilities other than office buildings |  |  | 1,067 |  |  |  | 5 |  |  |  | 189 |  |  |  | 1 |
Condominiums |  |  | 0 |  |  |  | — |  |  |  | 64 |  |  |  | 2 |
Land undeveloped or under construction |  |  | 0 |  |  |  | — |  |  |  | 98 |  |  |  | 2 |
Others* |  |  | 0 |  |  |  | — |  |  |  | 1,271 |  |  |  | — |
Total |  | ¥ | 1,067 |  |  |  | — |  |  | ¥ | 1,953 |  |  |  | — |
Fiscal Year ended March 31, 2022 |  | Write-downs of the assets held for sale |  |  | Write-downs due to decline in estimated future cash flows |
| Amount (Millions of yen) |  |  | The number of properties |  |  | Amount (Millions of yen) |  |  | The number of properties |
Commercial facilities other than office buildings |  | ¥ | 858 |  |  |  | 3 |  |  | ¥ | 11 |  |  |  | 1 |
Condominiums |  |  | 13 |  |  |  | 2 |  |  |  | 83 |  |  |  | 49 |
Others* |  |  | 11,878 |  |  |  | — |  |  |  | 22,823 |  |  |  | — |
Total |  | ¥ | 12,749 |  |  |  | — |  |  | ¥ | 22,917 |  |  |  | — |
Fiscal Year ended March 31, 2023 |  | Write-downs of the assets held for sale |  |  | Write-downs due to decline in estimated future cash flows |
| Amount (Millions of yen) |  |  | The number of properties |  |  | Amount (Millions of yen) |  |  | The number of properties |
Office buildings |  | ¥ | 0 |  |  |  | — |  |  |  | 1,535 |  |  |  | 2 |
Commercial facilities other than office buildings |  |  | 0 |  |  |  | — |  |  |  | 51 |  |  |  | 2 |
Condominiums |  |  | 2 |  |  |  | 1 |  |  |  | 15 |  |  |  | 19 |
Others* |  |  | 241 |  |  |  | — |  |  |  | 453 |  |  |  | — |
Total |  | ¥ | 243 |  |  |  | — |  |  | ¥ | 2,054 |  |  |  | — |
* | For the “Others”, the numbers of properties are omitted. Write-downs of long-lived assets for fiscal 2021 include write-downs of ¥1,099 million of hotels. Write-downs of long-lived assets for fiscal 2022 include write-downs of ¥31,205 million of property under facility operations and others held by subsidiaries, of which ¥19,564 million related to write-downs of two coal-biomass co-fired power plants, and ¥2,331 million of two aircraft.
Breakdowns of these amounts by segment are provided in Note 31 “ Segment Information.”

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- Definition The entire disclosure for the details of the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Disclosure may also include a description of the impaired asset and facts and circumstances leading to the impairment, amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired asset is reported. + References No definition available. + Details
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