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Credit Quality of Financial Assets and the Allowance for Credit Losses (Tables)

12 Months Ended

Mar. 31, 2023

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.

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.

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

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.

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.

“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

*3(b)

The allowance for

available-for-sale

*3(c)

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	Revolving repayment card loans				Total—revolving repayment card loans				Total— financial assets measured at amortized cost
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	Revolving repayment card loans				Total—revolving repayment card loans				Total— financial assets measured at amortized cost

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