Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Mar. 31, 2023

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