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v3.23.3

Estimated Fair Value of Financial Instruments (Tables) | 6 Months Ended
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Sep. 30, 2023
Fair Value Disclosures [Abstract] |
Information about Carrying Amount of Financial Instruments Reported in Consolidated Balance Sheets and Related Market or Fair Value | The following information is provided to help readers gain an understanding of the relationship between carrying amounts of financial instruments reported in the Company’s consolidated balance sheets and the related market or fair value. The disclosures do not include net investment in leases, investment in affiliates accounted for under the equity method, pension obligations and insurance contracts and reinsurance contracts except for those classified as investment contracts. March 31, 2023
|  | Millions of yen |
|  | Carrying amount |  |  | Estimated fair value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | ¥ | 1,231,860 |  |  | ¥ | 1,231,860 |  |  | ¥ | 1,231,860 |  |  | ¥ | 0 |  |  | ¥ | 0 |
Restricted cash |  |  | 135,048 |  |  |  | 135,048 |  |  |  | 135,048 |  |  |  | 0 |  |  |  | 0 |
Installment loans (net of allowance for credit losses) |  |  | 3,829,431 |  |  |  | 3,807,987 |  |  |  | 0 |  |  |  | 128,249 |  |  |  | 3,679,738 |
Equity securities*1 |  |  | 379,236 |  |  |  | 379,236 |  |  |  | 105,646 |  |  |  | 133,027 |  |  |  | 140,563 |
Trading debt securities |  |  | 2,179 |  |  |  | 2,179 |  |  |  | 0 |  |  |  | 2,179 |  |  |  | 0 |
Available-for-sale debt securities |  |  | 2,234,608 |  |  |  | 2,234,608 |  |  |  | 4,334 |  |  |  | 1,986,672 |  |  |  | 243,602 |
Held-to-maturity debt securities |  |  | 114,759 |  |  |  | 129,678 |  |  |  | 0 |  |  |  | 108,326 |  |  |  | 21,352 |
Certain investment in affiliates |  |  | 2,511 |  |  |  | 2,511 |  |  |  | 0 |  |  |  | 0 |  |  |  | 2,511 |
Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits |  |  | 4,374 |  |  |  | 4,374 |  |  |  | 0 |  |  |  | 4,374 |  |  |  | 0 |
Derivative assets*2 |  |  | 50,346 |  |  |  | 50,346 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Reinsurance recoverables (Investment contracts) |  |  | 5,301 |  |  |  | 5,009 |  |  |  | 0 |  |  |  | 0 |  |  |  | 5,009 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt |  | ¥ | 508,796 |  |  | ¥ | 508,796 |  |  | ¥ | 0 |  |  | ¥ | 508,796 |  |  | ¥ | 0 |
Deposits |  |  | 2,086,340 |  |  |  | 2,087,035 |  |  |  | 0 |  |  |  | 2,087,035 |  |  |  | 0 |
Policy liabilities and Policy account balances (Investment contracts) |  |  | 143,407 |  |  |  | 143,842 |  |  |  | 0 |  |  |  | 0 |  |  |  | 143,842 |
Long-term debt |  |  | 5,209,723 |  |  |  | 5,164,112 |  |  |  | 0 |  |  |  | 1,667,119 |  |  |  | 3,496,993 |
Other Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative liabilities*2 |  |  | 49,314 |  |  |  | 49,314 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
*1 | The amount of ¥51,263 million of investment funds measured at net asset value per share is not included.
*2 | It represents the amount after offset under counterparty netting of derivative assets and liabilities. For the information of input level before netting, see Note 3 “Fair Value Measurements.”
September 30, 2023
|  | Millions of yen |
|  | Carrying amount |  |  | Estimated fair value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | ¥ | 915,107 |  |  | ¥ | 915,107 |  |  | ¥ | 915,107 |  |  | ¥ | 0 |  |  | ¥ | 0 |
Restricted cash |  |  | 139,123 |  |  |  | 139,123 |  |  |  | 139,123 |  |  |  | 0 |  |  |  | 0 |
Installment loans (net of allowance for credit losses) |  |  | 3,895,424 |  |  |  | 3,877,262 |  |  |  | 0 |  |  |  | 136,985 |  |  |  | 3,740,277 |
Equity securities*1 |  |  | 410,199 |  |  |  | 410,199 |  |  |  | 116,421 |  |  |  | 133,647 |  |  |  | 160,131 |
Trading debt securities |  |  | 2,259 |  |  |  | 2,259 |  |  |  | 0 |  |  |  | 2,259 |  |  |  | 0 |
Available-for-sale debt securities |  |  | 2,318,317 |  |  |  | 2,318,317 |  |  |  | 5,282 |  |  |  | 2,030,880 |  |  |  | 282,155 |
Held-to-maturity debt securities |  |  | 115,515 |  |  |  | 124,120 |  |  |  | 0 |  |  |  | 104,028 |  |  |  | 20,092 |
Certain investment in affiliates |  |  | 5,003 |  |  |  | 5,003 |  |  |  | 0 |  |  |  | 0 |  |  |  | 5,003 |
Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits |  |  | 4,600 |  |  |  | 4,600 |  |  |  | 0 |  |  |  | 4,600 |  |  |  | 0 |
Derivative assets*2 |  |  | 56,348 |  |  |  | 56,348 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Reinsurance recoverables (Investment contracts) |  |  | 4,943 |  |  |  | 4,566 |  |  |  | 0 |  |  |  | 0 |  |  |  | 4,566 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt |  | ¥ | 586,379 |  |  | ¥ | 586,379 |  |  | ¥ | 0 |  |  | ¥ | 586,379 |  |  | ¥ | 0 |
Deposits |  |  | 2,051,992 |  |  |  | 2,052,118 |  |  |  | 0 |  |  |  | 2,052,118 |  |  |  | 0 |
Policy liabilities and Policy account balances (Investment contracts) |  |  | 133,841 |  |  |  | 133,208 |  |  |  | 0 |  |  |  | 0 |  |  |  | 133,208 |
Long-term debt |  |  | 5,448,244 |  |  |  | 5,388,098 |  |  |  | 0 |  |  |  | 1,815,990 |  |  |  | 3,572,108 |
Other Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative liabilities*2 |  |  | 55,951 |  |  |  | 55,951 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
*1 | The amount of ¥68,018 million of investment funds measured at net asset value per share is not included.
*2 | It represents the amount after offset under counterparty netting of derivative assets and liabilities. For the information of input level before netting, see Note 3 “Fair Value Measurements.”

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