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Credit Quality of Financial Assets and the Allowance for Credit Losses (Tables) | 6 Months Ended
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Sep. 30, 2023
Credit Loss [Abstract] |
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 as of March 31, 2023, and for the six and three months ended September 30, 2022 and 2023:
|  | Six months ended September 30, 2022 |
|  | Millions of yen |
|  | Beginning balance |  |  | Provision (Reversal) *3 |  |  | Allowance of purchased loans during the reporting period |  |  | Charge-offs *4 |  |  | Recoveries |  |  | Other *5 |  |  | Ending balance *3 |  |  | Collective (pool) assessment |  |  | Individual assessment |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment loans to consumer borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  | ¥ | 5,716 |  |  | ¥ | (0 | ) |  | ¥ | 0 |  |  | ¥ | (82 | ) |  | ¥ | 13 |  |  | ¥ | 1 |  |  | ¥ | 5,648 |  |  | ¥ | 5,153 |  |  | ¥ | 495 |
Overseas |  |  | 455 |  |  |  | (2 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3 |  |  |  | 456 |  |  |  | 456 |  |  |  | 0 |
Card loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 10,019 |  |  |  | 228 |  |  |  | 0 |  |  |  | (265 | ) |  |  | 4 |  |  |  | 0 |  |  |  | 9,986 |  |  |  | 9,357 |  |  |  | 629 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 5,204 |  |  |  | 2,152 |  |  |  | 0 |  |  |  | (865 | ) |  |  | 4 |  |  |  | 0 |  |  |  | 6,495 |  |  |  | 4,167 |  |  |  | 2,328 |
Overseas |  |  | 1,105 |  |  |  | 286 |  |  |  | 0 |  |  |  | (206 | ) |  |  | 0 |  |  |  | 137 |  |  |  | 1,322 |  |  |  | 1,187 |  |  |  | 135 |
Installment loans to corporate borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-recourse loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 81 |  |  |  | 1 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 82 |  |  |  | 82 |  |  |  | 0 |
The Americas |  |  | 2,691 |  |  |  | (944 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 122 |  |  |  | 1,869 |  |  |  | 857 |  |  |  | 1,012 |
Real estate companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 617 |  |  |  | (21 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 13 |  |  |  | 1 |  |  |  | 610 |  |  |  | 489 |  |  |  | 121 |
Overseas |  |  | 735 |  |  |  | (98 | ) |  |  | 0 |  |  |  | (14 | ) |  |  | 0 |  |  |  | 57 |  |  |  | 680 |  |  |  | 680 |  |  |  | 0 |
Commercial, industrial companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 1,337 |  |  |  | 256 |  |  |  | 0 |  |  |  | (277 | ) |  |  | 7 |  |  |  | 0 |  |  |  | 1,323 |  |  |  | 475 |  |  |  | 848 |
Overseas |  |  | 18,296 |  |  |  | 114 |  |  |  | 0 |  |  |  | (1,825 | ) |  |  | 310 |  |  |  | 3,144 |  |  |  | 20,039 |  |  |  | 16,169 |  |  |  | 3,870 |
Purchased loans *1 |  |  | 1,575 |  |  |  | (242 | ) |  |  | 2,095 |  |  |  | (2,309 | ) |  |  | 56 |  |  |  | 12 |  |  |  | 1,187 |  |  |  | 563 |  |  |  | 624 |
Net investment in leases: |  |  | 16,303 |  |  |  | 582 |  |  |  | 0 |  |  |  | (1,430 | ) |  |  | 25 |  |  |  | 760 |  |  |  | 16,240 |  |  |  | 12,030 |  |  |  | 4,210 |
Subtotal |  |  | 64,134 |  |  |  | 2,312 |  |  |  | 2,095 |  |  |  | (7,273 | ) |  |  | 432 |  |  |  | 4,237 |  |  |  | 65,937 |  |  |  | 51,665 |  |  |  | 14,272 |
Other financial assets measured at amortized cost *2 |  |  | 7,282 |  |  |  | 157 |  |  |  | 0 |  |  |  | (4,567 | ) |  |  | 15 |  |  |  | 334 |  |  |  | 3,221 |  |  |  | 629 |  |  |  | 2,592 |
Total |  | ¥ | 71,416 |  |  | ¥ | 2,469 |  |  | ¥ | 2,095 |  |  | ¥ | (11,840 | ) |  | ¥ | 447 |  |  | ¥ | 4,571 |  |  | ¥ | 69,158 |  |  | ¥ | 52,294 |  |  | ¥ | 16,864 |
|  | Three months ended September 30, 2022 |
|  | Millions of yen |
|  | Beginning balance |  |  | Provision (Reversal) *3 |  |  | Allowance of purchased loans during the reporting period |  |  | Charge-offs *4 |  |  | Recoveries |  |  | Other *5 |  |  | Ending balance *3 |  |  | Collective (pool) assessment |  |  | Individual assessment |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment loans to consumer borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  | ¥ | 5,725 |  |  | ¥ | (80 | ) |  | ¥ | 0 |  |  | ¥ | (3 | ) |  | ¥ | 5 |  |  | ¥ | 1 |  |  | ¥ | 5,648 |  |  | ¥ | 5,153 |  |  | ¥ | 495 |
Overseas |  |  | 471 |  |  |  | 1 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (16 | ) |  |  | 456 |  |  |  | 456 |  |  |  | 0 |
Card loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 9,933 |  |  |  | 209 |  |  |  | 0 |  |  |  | (158 | ) |  |  | 2 |  |  |  | 0 |  |  |  | 9,986 |  |  |  | 9,357 |  |  |  | 629 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 5,915 |  |  |  | 1,038 |  |  |  | 0 |  |  |  | (460 | ) |  |  | 2 |  |  |  | 0 |  |  |  | 6,495 |  |  |  | 4,167 |  |  |  | 2,328 |
Overseas |  |  | 1,164 |  |  |  | 242 |  |  |  | 0 |  |  |  | (140 | ) |  |  | 0 |  |  |  | 56 |  |  |  | 1,322 |  |  |  | 1,187 |  |  |  | 135 |
Installment loans to corporate borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-recourse loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 65 |  |  |  | 17 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 82 |  |  |  | 82 |  |  |  | 0 |
The Americas |  |  | 2,235 |  |  |  | (218 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (148 | ) |  |  | 1,869 |  |  |  | 857 |  |  |  | 1,012 |
Real estate companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 600 |  |  |  | 4 |  |  |  | 0 |  |  |  | 0 |  |  |  | 5 |  |  |  | 1 |  |  |  | 610 |  |  |  | 489 |  |  |  | 121 |
Overseas |  |  | 630 |  |  |  | 54 |  |  |  | 0 |  |  |  | (14 | ) |  |  | 0 |  |  |  | 10 |  |  |  | 680 |  |  |  | 680 |  |  |  | 0 |
Commercial, industrial companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 1,206 |  |  |  | 220 |  |  |  | 0 |  |  |  | (107 | ) |  |  | 4 |  |  |  | 0 |  |  |  | 1,323 |  |  |  | 475 |  |  |  | 848 |
Overseas |  |  | 18,720 |  |  |  | 78 |  |  |  | 0 |  |  |  | (190 | ) |  |  | 281 |  |  |  | 1,150 |  |  |  | 20,039 |  |  |  | 16,169 |  |  |  | 3,870 |
Purchased loans *1 |  |  | 1,546 |  |  |  | (214 | ) |  |  | 2,067 |  |  |  | (2,261 | ) |  |  | 56 |  |  |  | (7 | ) |  |  | 1,187 |  |  |  | 563 |  |  |  | 624 |
Net investment in leases: |  |  | 16,665 |  |  |  | 123 |  |  |  | 0 |  |  |  | (650 | ) |  |  | 18 |  |  |  | 84 |  |  |  | 16,240 |  |  |  | 12,030 |  |  |  | 4,210 |
Subtotal |  |  | 64,875 |  |  |  | 1,474 |  |  |  | 2,067 |  |  |  | (3,983 | ) |  |  | 373 |  |  |  | 1,131 |  |  |  | 65,937 |  |  |  | 51,665 |  |  |  | 14,272 |
Other financial assets measured at amortized cost *2 |  |  | 2,976 |  |  |  | 161 |  |  |  | 0 |  |  |  | (31 | ) |  |  | (12 | ) |  |  | 127 |  |  |  | 3,221 |  |  |  | 629 |  |  |  | 2,592 |
Total |  | ¥ | 67,851 |  |  | ¥ | 1,635 |  |  | ¥ | 2,067 |  |  | ¥ | (4,014 | ) |  | ¥ | 361 |  |  | ¥ | 1,258 |  |  | ¥ | 69,158 |  |  | ¥ | 52,294 |  |  | ¥ | 16,864 |
|  | March 31, 2023 |
|  | Millions of yen |
|  | Ending balance *3 |  |  | Collective (pool) assessment |  |  | Individual assessment |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |
Installment loans to consumer borrowers: |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans |  |  |  |  |  |  |  |  |  |  |  |
Japan |  | ¥ | 4,092 |  |  | ¥ | 3,644 |  |  | ¥ | 448 |
Overseas |  |  | 446 |  |  |  | 446 |  |  |  | 0 |
Card loans |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 9,022 |  |  |  | 8,329 |  |  |  | 693 |
Other |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 7,759 |  |  |  | 5,337 |  |  |  | 2,422 |
Overseas |  |  | 1,889 |  |  |  | 1,467 |  |  |  | 422 |
Installment loans to corporate borrowers: |  |  |  |  |  |  |  |  |  |  |  |
Non-recourse loans |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 253 |  |  |  | 253 |  |  |  | 0 |
The Americas |  |  | 1,494 |  |  |  | 560 |  |  |  | 934 |
Real estate companies |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 777 |  |  |  | 663 |  |  |  | 114 |
Overseas |  |  | 1,007 |  |  |  | 1,007 |  |  |  | 0 |
Commercial, industrial companies |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 1,152 |  |  |  | 477 |  |  |  | 675 |
Overseas |  |  | 19,132 |  |  |  | 16,455 |  |  |  | 2,677 |
Purchased loans *1 |  |  | 1,148 |  |  |  | 541 |  |  |  | 607 |
Net investment in leases: |  |  | 15,719 |  |  |  | 12,032 |  |  |  | 3,687 |
Subtotal |  |  | 63,890 |  |  |  | 51,211 |  |  |  | 12,679 |
Other financial assets measured at amortized cost *2 |  |  | 1,482 |  |  |  | 548 |  |  |  | 934 |
Total |  | ¥ | 65,372 |  |  | ¥ | 51,759 |  |  | ¥ | 13,613 |
|  | Six months ended September 30, 2023 |
|  | Millions of yen |
|  | Beginning balance |  |  | Provision (Reversal) *3 |  |  | Allowance of purchased loans during the reporting period |  |  | Charge-offs *4 |  |  | Recoveries |  |  | Other *5 |  |  | Ending balance *3 |  |  | Collective (pool) assessment |  |  | Individual assessment |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment loans to consumer borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  | ¥ | 4,092 |  |  | ¥ | (50 | ) |  | ¥ | 0 |  |  | ¥ | (144 | ) |  | ¥ | 84 |  |  | ¥ | 1 |  |  | ¥ | 3,983 |  |  | ¥ | 3,613 |  |  | ¥ | 370 |
Overseas |  |  | 446 |  |  |  | 118 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1 |  |  |  | 41 |  |  |  | 606 |  |  |  | 575 |  |  |  | 31 |
Card loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 9,022 |  |  |  | 753 |  |  |  | 0 |  |  |  | (450 | ) |  |  | 8 |  |  |  | 0 |  |  |  | 9,333 |  |  |  | 8,611 |  |  |  | 722 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 7,759 |  |  |  | 2,970 |  |  |  | 0 |  |  |  | (1,806 | ) |  |  | 3 |  |  |  | 1 |  |  |  | 8,927 |  |  |  | 6,487 |  |  |  | 2,440 |
Overseas |  |  | 1,889 |  |  |  | 1,370 |  |  |  | 0 |  |  |  | (1,124 | ) |  |  | 163 |  |  |  | 238 |  |  |  | 2,536 |  |  |  | 1,896 |  |  |  | 640 |
Installment loans to corporate borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-recourse loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 253 |  |  |  | (27 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 226 |  |  |  | 226 |  |  |  | 0 |
The Americas |  |  | 1,494 |  |  |  | 197 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 192 |  |  |  | 1,883 |  |  |  | 837 |  |  |  | 1,046 |
Real estate companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 777 |  |  |  | 23 |  |  |  | 0 |  |  |  | (4 | ) |  |  | 13 |  |  |  | 0 |  |  |  | 809 |  |  |  | 705 |  |  |  | 104 |
Overseas |  |  | 1,007 |  |  |  | (68 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 82 |  |  |  | 1,021 |  |  |  | 1,021 |  |  |  | 0 |
Commercial, industrial companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 1,152 |  |  |  | (29 | ) |  |  | 0 |  |  |  | (23 | ) |  |  | 4 |  |  |  | 0 |  |  |  | 1,104 |  |  |  | 615 |  |  |  | 489 |
Overseas |  |  | 19,132 |  |  |  | 434 |  |  |  | 0 |  |  |  | (2,131 | ) |  |  | 101 |  |  |  | 2,107 |  |  |  | 19,643 |  |  |  | 16,288 |  |  |  | 3,355 |
Purchased loans *1 |  |  | 1,148 |  |  |  | 69 |  |  |  | 7,580 |  |  |  | (7,612 | ) |  |  | 1 |  |  |  | 12 |  |  |  | 1,198 |  |  |  | 511 |  |  |  | 687 |
Net investment in leases: |  |  | 15,719 |  |  |  | 1,717 |  |  |  | 0 |  |  |  | (1,234 | ) |  |  | 17 |  |  |  | 590 |  |  |  | 16,809 |  |  |  | 12,366 |  |  |  | 4,443 |
Subtotal |  |  | 63,890 |  |  |  | 7,477 |  |  |  | 7,580 |  |  |  | (14,528 | ) |  |  | 395 |  |  |  | 3,264 |  |  |  | 68,078 |  |  |  | 53,751 |  |  |  | 14,327 |
Other financial assets measured at amortized cost *2 |  |  | 1,482 |  |  |  | 254 |  |  |  | 0 |  |  |  | (178 | ) |  |  | 5 |  |  |  | 227 |  |  |  | 1,790 |  |  |  | 702 |  |  |  | 1,088 |
Total |  | ¥ | 65,372 |  |  | ¥ | 7,731 |  |  | ¥ | 7,580 |  |  | ¥ | (14,706 | ) |  | ¥ | 400 |  |  | ¥ | 3,491 |  |  | ¥ | 69,868 |  |  | ¥ | 54,453 |  |  | ¥ | 15,415 |
|  | Three months ended September 30, 2023 |
|  | Millions of yen |
|  | Beginning balance |  |  | Provision (Reversal) *3 |  |  | Allowance of purchased loans during the reporting period |  |  | Charge-offs *4 |  |  | Recoveries |  |  | Other *5 |  |  | Ending balance *3 |  |  | Collective (pool) assessment |  |  | Individual assessment |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment loans to consumer borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  | ¥ | 4,003 |  |  | ¥ | 30 |  |  | ¥ | 0 |  |  | ¥ | (88 | ) |  | ¥ | 38 |  |  | ¥ | 0 |  |  | ¥ | 3,983 |  |  | ¥ | 3,613 |  |  | ¥ | 370 |
Overseas |  |  | 532 |  |  |  | 65 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1 |  |  |  | 8 |  |  |  | 606 |  |  |  | 575 |  |  |  | 31 |
Card loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 9,102 |  |  |  | 433 |  |  |  | 0 |  |  |  | (206 | ) |  |  | 4 |  |  |  | 0 |  |  |  | 9,333 |  |  |  | 8,611 |  |  |  | 722 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 8,487 |  |  |  | 1,369 |  |  |  | 0 |  |  |  | (930 | ) |  |  | 1 |  |  |  | 0 |  |  |  | 8,927 |  |  |  | 6,487 |  |  |  | 2,440 |
Overseas |  |  | 2,153 |  |  |  | 884 |  |  |  | 0 |  |  |  | (630 | ) |  |  | 82 |  |  |  | 47 |  |  |  | 2,536 |  |  |  | 1,896 |  |  |  | 640 |
Installment loans to corporate borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-recourse loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 262 |  |  |  | (36 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 226 |  |  |  | 226 |  |  |  | 0 |
The Americas |  |  | 1,727 |  |  |  | 98 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 58 |  |  |  | 1,883 |  |  |  | 837 |  |  |  | 1,046 |
Real estate companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 788 |  |  |  | 15 |  |  |  | 0 |  |  |  | 0 |  |  |  | 5 |  |  |  | 1 |  |  |  | 809 |  |  |  | 705 |  |  |  | 104 |
Overseas |  |  | 1,044 |  |  |  | (37 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 14 |  |  |  | 1,021 |  |  |  | 1,021 |  |  |  | 0 |
Commercial, industrial companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  | 976 |  |  |  | 128 |  |  |  | 0 |  |  |  | (1 | ) |  |  | 2 |  |  |  | (1 | ) |  |  | 1,104 |  |  |  | 615 |  |  |  | 489 |
Overseas |  |  | 18,929 |  |  |  | 1,411 |  |  |  | 0 |  |  |  | (1,337 | ) |  |  | 101 |  |  |  | 539 |  |  |  | 19,643 |  |  |  | 16,288 |  |  |  | 3,355 |
Purchased loans *1 |  |  | 1,189 |  |  |  | 36 |  |  |  | 7,261 |  |  |  | (7,288 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 1,198 |  |  |  | 511 |  |  |  | 687 |
Net investment in leases: |  |  | 16,388 |  |  |  | 942 |  |  |  | 0 |  |  |  | (609 | ) |  |  | 0 |  |  |  | 88 |  |  |  | 16,809 |  |  |  | 12,366 |  |  |  | 4,443 |
Subtotal |  |  | 65,580 |  |  |  | 5,338 |  |  |  | 7,261 |  |  |  | (11,089 | ) |  |  | 234 |  |  |  | 754 |  |  |  | 68,078 |  |  |  | 53,751 |  |  |  | 14,327 |
Other financial assets measured at amortized cost *2 |  |  | 1,655 |  |  |  | 113 |  |  |  | 0 |  |  |  | (136 | ) |  |  | 5 |  |  |  | 153 |  |  |  | 1,790 |  |  |  | 702 |  |  |  | 1,088 |
Total |  | ¥ | 67,235 |  |  | ¥ | 5,451 |  |  | ¥ | 7,261 |  |  | ¥ | (11,225 | ) |  | ¥ | 239 |  |  | ¥ | 907 |  |  | ¥ | 69,868 |  |  | ¥ | 54,453 |  |  | ¥ | 15,415 |
Notes: |  | 1 |  | Loans held for sale and policy loan receivables of an insurance entity are not in the scope of allowance for credit losses.
|  | 2 |  | 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.
*1 | 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.
*2 | The allowance for other financial assets measured at amortized cost includes the allowance for credit losses on financing 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.
*3 | “Provision for credit losses” in the consolidated statements of income amounted to provisions of ¥1,674 million and ¥8,524 million during the six months ended September 30, 2022 and 2023, provisions of ¥1,426 million and ¥5,604 million during the three months ended September 30, 2022 and 2023, respectively. “Allowance for credit losses” on the consolidated balance sheets amounted to ¥64,723 million and ¥69,046 million as of March 31, 2023 and September 30, 2023, respectively. The reconciliation between the above table and the amounts reported on the consolidated financial statements during the six and three months ended September 30, 2022 and 2023, and as of March 31, 2023 and September 30, 2023 are as follows:
|  | Millions of yen |
|  | Six months ended September 30, 2022 |  |  | Three months ended September 30, 2022 |  |  | March 31, 2023 |  |  | Six months ended September 30, 2023 |  |  | Three months ended September 30, 2023 |  |  | September 30, 2023 |
|  | Provision for credit losses |  |  | Provision for credit losses |  |  | Allowance for credit losses |  |  | Provision for credit losses |  |  | Provision for credit losses |  |  | Allowance for credit losses |
Net investment in leases |  | ¥ | 582 |  |  | ¥ | 123 |  |  | ¥ | 15,719 |  |  | ¥ | 1,717 |  |  | ¥ | 942 |  |  | ¥ | 16,809 |
Installment loans |  |  | 1,730 |  |  |  | 1,351 |  |  |  | 48,171 |  |  |  | 5,760 |  |  |  | 4,396 |  |  |  | 51,269 |
Subtotal in the above table |  |  | 2,312 |  |  |  | 1,474 |  |  |  | 63,890 |  |  |  | 7,477 |  |  |  | 5,338 |  |  |  | 68,078 |
Other financial assets measured at amortized cost |  |  | 157 |  |  |  | 161 |  |  |  | 1,482 |  |  |  | 254 |  |  |  | 113 |  |  |  | 1,790 |
Total in the above table |  |  | 2,469 |  |  |  | 1,635 |  |  |  | 65,372 |  |  |  | 7,731 |  |  |  | 5,451 |  |  |  | 69,868 |
Off-balance sheet credit exposures *3(a) |  |  | (868 | ) |  |  | (225 | ) |  |  | — |  |  |  | 591 |  |  |  | 171 |  |  |  | — |
Available-for-sale debt securities *3(b) |  |  | (5 | ) |  |  | 0 |  |  |  | — |  |  |  | 292 |  |  |  | 0 |  |  |  | — |
Less: Loans to affiliates *3(c) |  |  | 78 |  |  |  | 16 |  |  |  | (649 | ) |  |  | (90 | ) |  |  | (18 | ) |  |  | (822 | )
Amount reported on the consolidated financial statements |  | ¥ | 1,674 |  |  | ¥ | 1,426 |  |  | ¥ | 64,723 |  |  | ¥ | 8,524 |  |  | ¥ | 5,604 |  |  | ¥ | 69,046 |
| *3(a) | The allowance for off-balance sheet credit exposure were ¥17,843 million and ¥18,783 million as of March 31, 2023 and September 30, 2023, respectively, and the amounts are recorded in “Other liabilities” on the consolidated balance sheets. For further information, see Note 24 “Commitments, Guarantees and Contingent Liabilities.”
| *3(b) | The allowance for available-for-sale debt securities were ¥144 million and ¥468 million as of March 31, 2023 and September 30, 2023, respectively, and the amounts are recorded as a reduction in “Investments in securities” on the consolidated balance sheets. For further information, see Note 8 “Investment in Securities.”
| *3(c) | The provision for credit losses on loans to affiliates were a reversal of ¥78 million and a provision of ¥90 million during the six months ended September 30, 2022 and 2023, a reversal of ¥16 million and a provision of ¥18 million during the three months ended September 30, 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 ¥649 million and ¥822 million as of March 31, 2023 and September 30, 2023, respectively, and the amounts are recorded as a reduction in “Investments in affiliates” on the consolidated balance sheets.
*4 | Included in Charge-off in write-offs of purchased loans were ¥2,095 million and ¥7,580 million during the six months ended September 30, 2022 and 2023, ¥2,067 million and ¥7,261 million during the three months ended September 30, 2022 and 2023, respectively.
*5 | 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 |
|  | Six months ended September 30, 2022 |  |  | Three months ended September 30, 2022 |  |  | March 31, 2023 |  |  | Six months ended September 30, 2023 |  |  | Three months ended September 30, 2023 |  |  | September 30, 2023 |
|  | Provision for credit losses |  |  | Provision for credit losses |  |  | Allowance for credit losses |  |  | Provision for credit losses |  |  | Provision for credit losses |  |  | Allowance for credit losses |
Net investment in leases |  | ¥ | 582 |  |  | ¥ | 123 |  |  | ¥ | 15,719 |  |  | ¥ | 1,717 |  |  | ¥ | 942 |  |  | ¥ | 16,809 |
Installment loans |  |  | 1,730 |  |  |  | 1,351 |  |  |  | 48,171 |  |  |  | 5,760 |  |  |  | 4,396 |  |  |  | 51,269 |
Subtotal in the above table |  |  | 2,312 |  |  |  | 1,474 |  |  |  | 63,890 |  |  |  | 7,477 |  |  |  | 5,338 |  |  |  | 68,078 |
Other financial assets measured at amortized cost |  |  | 157 |  |  |  | 161 |  |  |  | 1,482 |  |  |  | 254 |  |  |  | 113 |  |  |  | 1,790 |
Total in the above table |  |  | 2,469 |  |  |  | 1,635 |  |  |  | 65,372 |  |  |  | 7,731 |  |  |  | 5,451 |  |  |  | 69,868 |
Off-balance sheet credit exposures *3(a) |  |  | (868 | ) |  |  | (225 | ) |  |  | — |  |  |  | 591 |  |  |  | 171 |  |  |  | — |
Available-for-sale debt securities *3(b) |  |  | (5 | ) |  |  | 0 |  |  |  | — |  |  |  | 292 |  |  |  | 0 |  |  |  | — |
Less: Loans to affiliates *3(c) |  |  | 78 |  |  |  | 16 |  |  |  | (649 | ) |  |  | (90 | ) |  |  | (18 | ) |  |  | (822 | )
Amount reported on the consolidated financial statements |  | ¥ | 1,674 |  |  | ¥ | 1,426 |  |  | ¥ | 64,723 |  |  | ¥ | 8,524 |  |  | ¥ | 5,604 |  |  | ¥ | 69,046 |
| *3(a) | The allowance for off-balance sheet credit exposure were ¥17,843 million and ¥18,783 million as of March 31, 2023 and September 30, 2023, respectively, and the amounts are recorded in “Other liabilities” on the consolidated balance sheets. For further information, see Note 24 “Commitments, Guarantees and Contingent Liabilities.”
| *3(b) | The allowance for available-for-sale debt securities were ¥144 million and ¥468 million as of March 31, 2023 and September 30, 2023, respectively, and the amounts are recorded as a reduction in “Investments in securities” on the consolidated balance sheets. For further information, see Note 8 “Investment in Securities.”
| *3(c) | The provision for credit losses on loans to affiliates were a reversal of ¥78 million and a provision of ¥90 million during the six months ended September 30, 2022 and 2023, a reversal of ¥16 million and a provision of ¥18 million during the three months ended September 30, 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 ¥649 million and ¥822 million as of March 31, 2023 and September 30, 2023, respectively, and the amounts are recorded as a reduction in “Investments in affiliates” on the consolidated balance sheets.
Summary of purchased loans | The following table provides information about purchased loans which were acquired for the six and three months ended September 30, 2022 and 2023:
|  | Six months ended September 30, 2022 |  |  | Six months ended September 30, 2023 |
Purchase price |  | ¥ | 1,940 |  |  | ¥ | 1,281 |
Allowance for credit losses at acquisition date |  |  | 2,095 |  |  |  | 7,580 |
Discount or premium attributable to other factors |  |  | 226 |  |  |  | 125 |
Par value |  | ¥ | 4,261 |  |  | ¥ | 8,986 |
|  | Millions of yen |
|  | Three months ended September 30, 2022 |  |  | Three months ended September 30, 2023 |
Purchase price |  | ¥ | 1,537 |  |  | ¥ | 1,031 |
Allowance for credit losses at acquisition date |  |  | 2,067 |  |  |  | 7,261 |
Discount or premium attributable to other factors |  |  | 208 |  |  |  | 100 |
Par value |  | ¥ | 3,812 |  |  | ¥ | 8,392 |
Summary of origination years of financial assets | The following table provides information about the origination years of financial assets as of March 31, 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, 2023 |
Millions of yen |
Portfolio segment |  | Origination year (years ended March 31) |  |  | Total |
Class |  |  |
Credit Quality |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | Prior |
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 |
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 |
The following table provides information about the origination years of financial assets as of September 30, 2023 and the gross write-offs, corresponding to each class of financial assets by origination year, recorded during the six months ended September 30, 2023. Card loans to consumer borrowers with a revolving repayment feature that cannot be classified into the origination year are excluded from the table.
September 30, 2023 |
Millions of yen |
Portfolio segment |  | Origination year (years ended March 31) |  |  | Total |
Class |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit Quality |  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | Prior |
Consumer borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | ¥ | 187,132 |  |  | ¥ | 228,270 |  |  | ¥ | 186,944 |  |  | ¥ | 268,576 |  |  | ¥ | 349,046 |  |  | ¥ | 865,427 |  |  | ¥ | 2,085,395 |
Non-Performing |  |  | 6,438 |  |  |  | 9,147 |  |  |  | 4,076 |  |  |  | 2,918 |  |  |  | 1,803 |  |  |  | 13,357 |  |  | ¥ | 37,739 |
Gross write-offs |  |  | 136 |  |  |  | 1,770 |  |  |  | 736 |  |  |  | 154 |  |  |  | 103 |  |  |  | 175 |  |  | ¥ | 3,074 |
Real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 167,178 |  |  |  | 201,748 |  |  |  | 179,433 |  |  |  | 267,260 |  |  |  | 348,336 |  |  |  | 864,500 |  |  | ¥ | 2,028,455 |
Non-Performing |  |  | 4 |  |  |  | 53 |  |  |  | 254 |  |  |  | 792 |  |  |  | 479 |  |  |  | 12,551 |  |  | ¥ | 14,133 |
Gross write-offs |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 144 |  |  | ¥ | 144 |
Other* |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 19,954 |  |  |  | 26,522 |  |  |  | 7,511 |  |  |  | 1,316 |  |  |  | 710 |  |  |  | 927 |  |  | ¥ | 56,940 |
Non-Performing |  |  | 6,434 |  |  |  | 9,094 |  |  |  | 3,822 |  |  |  | 2,126 |  |  |  | 1,324 |  |  |  | 806 |  |  | ¥ | 23,606 |
Gross write-offs |  |  | 136 |  |  |  | 1,770 |  |  |  | 736 |  |  |  | 154 |  |  |  | 103 |  |  |  | 31 |  |  | ¥ | 2,930 |
Corporate borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 309,556 |  |  |  | 302,774 |  |  |  | 320,807 |  |  |  | 109,252 |  |  |  | 160,645 |  |  |  | 218,685 |  |  | ¥ | 1,421,719 |
Non-Performing |  |  | 87 |  |  |  | 478 |  |  |  | 9,344 |  |  |  | 5,509 |  |  |  | 7,843 |  |  |  | 26,594 |  |  | ¥ | 49,855 |
Gross write-offs |  |  | 101 |  |  |  | 4 |  |  |  | 225 |  |  |  | 73 |  |  |  | 112 |  |  |  | 1,643 |  |  | ¥ | 2,158 |
Non-recourse loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Japan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 25,529 |  |  |  | 30,596 |  |  |  | 11,504 |  |  |  | 6,707 |  |  |  | 22,058 |  |  |  | 7,291 |  |  | ¥ | 103,685 |
Gross write-offs |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  | ¥ | 0 |
The Americas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 0 |  |  |  | 5,734 |  |  |  | 1,800 |  |  |  | 147 |  |  |  | 19,679 |  |  |  | 12,365 |  |  | ¥ | 39,725 |
Non-Performing |  |  | 0 |  |  |  | 69 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,556 |  |  | ¥ | 3,625 |
Gross write-offs |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  | ¥ | 0 |
Other than non-recourse loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate companies in Japan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 78,728 |  |  |  | 89,599 |  |  |  | 36,194 |  |  |  | 26,002 |  |  |  | 25,098 |  |  |  | 62,824 |  |  |  | ¥318,445 |
Non-Performing |  |  | 0 |  |  |  | 3 |  |  |  | 0 |  |  |  | 0 |  |  |  | 834 |  |  |  | 873 |  |  |  | ¥1,710 |
Gross write-offs |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 4 |  |  |  | 0 |  |  |  | ¥4 |
Real estate companies in overseas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 1,907 |  |  |  | 18,799 |  |  |  | 11,665 |  |  |  | 3,604 |  |  |  | 4,644 |  |  |  | 3,946 |  |  |  | ¥44,565 |
Non-Performing |  |  | 0 |  |  |  | 18 |  |  |  | 543 |  |  |  | 508 |  |  |  | 1,750 |  |  |  | 12,441 |  |  |  | ¥15,260 |
Gross write-offs |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | ¥0 |
Commercial, industrial and other companies in Japan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 139,480 |  |  |  | 48,159 |  |  |  | 22,640 |  |  |  | 14,258 |  |  |  | 12,861 |  |  |  | 17,647 |  |  | ¥ | 255,045 |
Non-Performing |  |  | 0 |  |  |  | 121 |  |  |  | 76 |  |  |  | 208 |  |  |  | 196 |  |  |  | 448 |  |  | ¥ | 1,049 |
Gross write-offs |  |  | 0 |  |  |  | 1 |  |  |  | 0 |  |  |  | 0 |  |  |  | 22 |  |  |  | 0 |  |  | ¥ | 23 |
Commercial, industrial and other companies in overseas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 63,912 |  |  |  | 109,887 |  |  |  | 237,004 |  |  |  | 58,534 |  |  |  | 76,305 |  |  |  | 114,612 |  |  | ¥ | 660,254 |
Non-Performing |  |  | 87 |  |  |  | 267 |  |  |  | 8,725 |  |  |  | 4,793 |  |  |  | 5,063 |  |  |  | 9,276 |  |  | ¥ | 28,211 |
Gross write-offs |  |  | 101 |  |  |  | 3 |  |  |  | 225 |  |  |  | 73 |  |  |  | 86 |  |  |  | 1,643 |  |  | ¥ | 2,131 |
Purchased loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 0 |  |  |  | 27 |  |  |  | 596 |  |  |  | 199 |  |  |  | 69 |  |  |  | 9,390 |  |  | ¥ | 10,281 |
Non-Performing |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 12 |  |  |  | 1,109 |  |  | ¥ | 1,121 |
Gross write-offs |  |  | 0 |  |  |  | 409 |  |  |  | 226 |  |  |  | 29 |  |  |  | 206 |  |  |  | 6,742 |  |  | ¥ | 7,612 |
Net investment in leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 282,112 |  |  |  | 372,170 |  |  |  | 207,953 |  |  |  | 108,800 |  |  |  | 78,472 |  |  |  | 95,566 |  |  | ¥ | 1,145,073 |
Non-Performing |  |  | 3,028 |  |  |  | 4,475 |  |  |  | 3,346 |  |  |  | 1,676 |  |  |  | 1,745 |  |  |  | 6,446 |  |  | ¥ | 20,716 |
Gross write-offs |  |  | 0 |  |  |  | 7 |  |  |  | 409 |  |  |  | 234 |  |  |  | 139 |  |  |  | 445 |  |  | ¥ | 1,234 |
Japan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 115,467 |  |  |  | 165,315 |  |  |  | 118,882 |  |  |  | 83,911 |  |  |  | 62,476 |  |  |  | 88,499 |  |  | ¥ | 634,550 |
Non-Performing |  |  | 24 |  |  |  | 380 |  |  |  | 764 |  |  |  | 720 |  |  |  | 742 |  |  |  | 2,253 |  |  | ¥ | 4,883 |
Gross write-offs |  |  | 0 |  |  |  | 5 |  |  |  | 36 |  |  |  | 52 |  |  |  | 80 |  |  |  | 327 |  |  | ¥ | 500 |
Overseas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 166,645 |  |  |  | 206,855 |  |  |  | 89,071 |  |  |  | 24,889 |  |  |  | 15,996 |  |  |  | 7,067 |  |  | ¥ | 510,523 |
Non-Performing |  |  | 3,004 |  |  |  | 4,095 |  |  |  | 2,582 |  |  |  | 956 |  |  |  | 1,003 |  |  |  | 4,193 |  |  | ¥ | 15,833 |
Gross write-offs |  |  | 0 |  |  |  | 2 |  |  |  | 373 |  |  |  | 182 |  |  |  | 59 |  |  |  | 118 |  |  | ¥ | 734 |
Other financial assets measured at amortized cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 3,341 |  |  |  | 3,185 |  |  |  | 0 |  |  |  | 1,862 |  |  |  | 288 |  |  |  | 19,912 |  |  | ¥ | 28,588 |
Non-Performing |  |  | 0 |  |  |  | 0 |  |  |  | 332 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,410 |  |  | ¥ | 1,742 |
Gross write-offs |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  | ¥ | 0 |
Total (excluding revolving repayment card loans) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | ¥ | 782,141 |  |  | ¥ | 906,426 |  |  | ¥ | 716,300 |  |  | ¥ | 488,689 |  |  | ¥ | 588,520 |  |  | ¥ | 1,208,980 |  |  | ¥ | 4,691,056 |
Non-Performing |  |  | 9,553 |  |  |  | 14,100 |  |  |  | 17,098 |  |  |  | 10,103 |  |  |  | 11,403 |  |  |  | 48,916 |  |  | ¥ | 111,173 |
Gross write-offs |  |  | 237 |  |  |  | 2,190 |  |  |  | 1,596 |  |  |  | 490 |  |  |  | 560 |  |  |  | 9,005 |  |  | ¥ | 14,078 |
Note: Loans held for sale, policy loan receivables of an insurance entity and financing receivables, such as accounts receivable 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 24 “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, 2023 is as follows:
|  | March 31, 2023 |
|  | 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 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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 |
The information about card loans to consumer borrowers with a revolving repayment feature that cannot be classified into the origination year as of September 30, 2023 and the gross write-offs, corresponding to card loans, recorded during the six months ended September 30, 2023 is as follows: |
|  | September 30, 2023 |
|  | 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 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | ¥ | 167,209 |  |  | ¥ | 0 |  |  | ¥ | 167,209 |  |  | ¥ | 4,691,056 |  |  | ¥ | 4,858,265 |
Non-Performing |  |  | 2,076 |  |  |  | 3,857 |  |  |  | 5,933 |  |  |  | 111,173 |  |  | ¥ | 117,106 |
Gross write-offs |  |  | 375 |  |  |  | 75 |  |  |  | 450 |  |  |  | 14,078 |  |  | ¥ | 14,528 |
Summary of past-due financial assets | The following table provides information about the past-due financial assets as of March 31, 2023 and September 30, 2023:
|  | March 31, 2023 |
|  |  |  | Millions of yen |
|  |  |  | Past-due financial 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 |
|  | September 30, 2023 |
|  |  |  | Millions of yen |
|  |  |  | Past-due financial assets |  |  |  |
Portfolio segment |  | Class |  | 30-89 days past-due |  |  | 90 days or more past-due |  |  | Total past-due |  |  | Total financing receivables |
Consumer borrowers |  |  |  | ¥ | 5,350 |  |  | ¥ | 12,875 |  |  | ¥ | 18,225 |  |  | ¥ | 2,296,276 |
|  | Real estate loans |  |  | 1,433 |  |  |  | 2,772 |  |  |  | 4,205 |  |  |  | 2,042,588 |
|  | Card loans |  |  | 557 |  |  |  | 1,938 |  |  |  | 2,495 |  |  |  | 173,142 |
|  | Other |  |  | 3,360 |  |  |  | 8,165 |  |  |  | 11,525 |  |  |  | 80,546 |
Corporate borrowers |  |  |  |  | 6,183 |  |  |  | 30,419 |  |  |  | 36,602 |  |  |  | 1,471,574 |
Non-recourse loans |  | Japan |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 103,685 |
|  | The Americas |  |  | 0 |  |  |  | 1,661 |  |  |  | 1,661 |  |  |  | 43,350 |
Other than Non-recourse loans |  | Real estate companies in Japan |  |  | 235 |  |  |  | 206 |  |  |  | 441 |  |  |  | 320,155 |
|  | Real estate companies in overseas |  |  | 1,000 |  |  |  | 15,260 |  |  |  | 16,260 |  |  |  | 59,825 |
|  | Commercial, industrial and other companies in Japan |  |  | 1,748 |  |  |  | 822 |  |  |  | 2,570 |  |  |  | 256,094 |
|  | Commercial, industrial and other companies in overseas |  |  | 3,200 |  |  |  | 12,470 |  |  |  | 15,670 |  |  |  | 688,465 |
Net investment in leases |  |  |  |  | 14,961 |  |  |  | 19,742 |  |  |  | 34,703 |  |  |  | 1,165,789 |
|  | Japan |  |  | 2,967 |  |  |  | 4,385 |  |  |  | 7,352 |  |  |  | 639,433 |
|  | Overseas |  |  | 11,994 |  |  |  | 15,357 |  |  |  | 27,351 |  |  |  | 526,356 |
Total |  |  |  | ¥ | 26,494 |  |  | ¥ | 63,036 |  |  | ¥ | 89,530 |  |  | ¥ | 4,933,639 |
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, 2023 and September 30, 2023:
|  |  |  | 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 |
|  |  |  | September 30, 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 |  | ¥ | 1,693 |  |  | ¥ | 1,899 |  |  | ¥ | 126 |  |  | ¥ | 194 |
|  | Overseas |  |  | 547 |  |  |  | 941 |  |  |  | 0 |  |  |  | 7 |
Card loans |  | Japan |  |  | 1,367 |  |  |  | 1,938 |  |  |  | 16 |  |  |  | 0 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Japan |  |  | 5,429 |  |  |  | 6,746 |  |  |  | 101 |  |  |  | 8 |
|  | Overseas |  |  | 1,105 |  |  |  | 1,423 |  |  |  | 0 |  |  |  | 4 |
Installment loans to corporate borrowers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-recourse loans |  | The Americas |  |  | 3,248 |  |  |  | 3,556 |  |  |  | 0 |  |  |  | 0 |
Real estate companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Japan |  |  | 219 |  |  |  | 206 |  |  |  | 23 |  |  |  | 8 |
|  | Overseas |  |  | 12,804 |  |  |  | 21,927 |  |  |  | 0 |  |  |  | 0 |
Commercial, industrial companies and other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Japan |  |  | 1,118 |  |  |  | 822 |  |  |  | 18 |  |  |  | 158 |
|  | Overseas |  |  | 20,470 |  |  |  | 27,936 |  |  |  | 0 |  |  |  | 2,368 |
Net investment in leases |  |  | 16,627 |  |  |  | 20,879 |  |  |  | 0 |  |  |  | 0 |
Total |  |  |  | ¥ | 64,627 |  |  | ¥ | 88,273 |  |  | ¥ | 284 |  |  | ¥ | 2,747 |
Summary of troubled debt restructurings of financing receivables | The following table provides information about troubled debt restructurings of financing receivables that occurred during the six and three months ended September 30, 2022:
Six months ended September 30, 2022 |
|  |  |  | Millions of yen |
Portfolio segment |  | Class |  | Pre-modification outstanding recorded investment |  |  | Post-modification outstanding recorded investment |
Consumer borrowers |  |  |  | ¥ | 3,979 |  |  | ¥ | 3,175 |
|  | Real estate loans |  |  | 5 |  |  |  | 3 |
|  | Card loans |  |  | 713 |  |  |  | 619 |
|  | Other |  |  | 3,261 |  |  |  | 2,553 |
Corporate borrowers |  |  |  |  | 8,213 |  |  |  | 8,212 |
Other than Non-recourse loans |  | Commercial, industrial and other companies in overseas |  |  | 8,213 |  |  |  | 8,212 |
Total |  |  |  | ¥ | 12,192 |  |  | ¥ | 11,387 |
Three months ended September 30, 2022 |
|  |  |  | Millions of yen |
Portfolio segment |  | Class |  | Pre-modification outstanding recorded investment |  |  | Post-modification outstanding recorded investment |
Consumer borrowers |  |  |  | ¥ | 1,938 |  |  | ¥ | 1,527 |
|  | Real estate loans |  |  | 5 |  |  |  | 3 |
|  | Card loans |  |  | 332 |  |  |  | 284 |
|  | Other |  |  | 1,601 |  |  |  | 1,240 |
Corporate borrowers |  |  |  |  | 2,582 |  |  |  | 2,582 |
Other than Non-recourse loans |  | Commercial, industrial and other companies in overseas |  |  | 2,582 |  |  |  | 2,582 |
Total |  |  |  | ¥ | 4,520 |  |  | ¥ | 4,109 |
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 September 30, 2022 and for which there was a payment default during the six and three months ended September 30, 2022:
Six months ended September 30, 2022 |
|  |  |  | Millions of yen |
Portfolio segment |  | Class |  | Recorded investment |
Consumer borrowers |  |  |  | ¥ | 395 |
|  | Card loans |  |  | 7 |
|  | Other |  |  | 388 |
Corporate borrowers |  |  |  |  | 1,671 |
Other than Non-recourse loans |  | Commercial, industrial and other companies in overseas |  |  | 1,671 |
Total |  |  |  | ¥ | 2,066 |
Three months ended September 30, 2022 |
|  |  |  | Millions of yen |
Portfolio segment |  | Class |  | Recorded investment |
Consumer borrowers |  |  |  | ¥ | 208 |
|  | Card loans |  |  | 3 |
|  | Other |  |  | 205 |
Corporate borrowers |  |  |  |  | 1,671 |
Other than Non-recourse loans |  | Commercial, industrial and other companies in overseas |  |  | 1,671 |
Total |  |  |  | ¥ | 1,879 |
Summary of modifications of financing receivables | The following table provides information about modifications of financing receivables made to debtors experiencing financial difficulty that occurred during the six and three months ended September 30, 2023:
Six months ended September 30, 2023 |
Millions of yen |
Portfolio segment |  | Interest rate reduction |  |  | Term extension |  |  | Principal forgiveness |
Class |  | Amortized cost basis |  |  | % of total class of financing receivable |  |  | Amortized cost basis |  |  | % of total class of financing receivable |  |  | Amortized cost basis |  |  | % of total class of financing receivable |
Consumer borrowers |  | ¥ | 245 |  |  |  | 0.0 |  |  | ¥ | 2,354 |  |  |  | 0.1 |  |  | ¥ | 45 |  |  |  | 0.0 |
Real estate loans |  |  | 3 |  |  |  | 0.0 |  |  |  | 1 |  |  |  | 0.0 |  |  |  | 1 |  |  |  | 0.0 |
Card loans |  |  | 222 |  |  |  | 0.1 |  |  |  | 1 |  |  |  | 0.0 |  |  |  | 41 |  |  |  | 0.0 |
Other |  |  | 20 |  |  |  | 0.0 |  |  |  | 2,352 |  |  |  | 2.9 |  |  |  | 3 |  |  |  | 0.0 |
Corporate borrowers |  |  | 0 |  |  |  | 0 |  |  |  | 862 |  |  |  | 0.1 |  |  |  | 58 |  |  |  | 0.0 |
Other than Non-recourse loans |  |  | 0 |  |  |  | 0 |  |  |  | 862 |  |  |  | 0.1 |  |  |  | 58 |  |  |  | 0.0 |
Real estate companies in Japan |  |  | 0 |  |  |  | 0 |  |  |  | 35 |  |  |  | 0.0 |  |  |  | 0 |  |  |  | 0 |
Commercial, industrial and other companies in Japan |  |  | 0 |  |  |  | 0 |  |  |  | 542 |  |  |  | 0.2 |  |  |  | 0 |  |  |  | 0 |
Commercial, industrial and other companies in overseas |  |  | 0 |  |  |  | 0 |  |  |  | 285 |  |  |  | 0.0 |  |  |  | 58 |  |  |  | 0.0 |
Net investment in leases |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0.0 |
Overseas |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0.0 |
Total |  | ¥ | 245 |  |  |  | 0.0 |  |  | ¥ | 3,216 |  |  |  | 0.1 |  |  | ¥ | 103 |  |  |  | 0.0 |
Six months ended September 30, 2023 |
Millions of yen |
Portfolio segment |  | Combination - interest rate reduction and term extension |  |  | Combination - interest rate reduction and principal forgiveness |  |  | Combination - term extension and principal forgiveness |
Class |  |  | Amortized cost basis |  |  |  | % of total class of financing receivable |  |  |  | Amortized cost basis |  |  |  | % of total class of financing receivable |  |  |  | Amortized cost basis |  |  |  | % of total class of financing receivable |
Consumer borrowers |  | ¥ | 14 |  |  |  | 0.0 |  |  | ¥ | 583 |  |  |  | 0.0 |  |  | ¥ | 264 |  |  |  | 0.0 |
Real estate loans |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Card loans |  |  | 0 |  |  |  | 0 |  |  |  | 563 |  |  |  | 0.3 |  |  |  | 0 |  |  |  | 0 |
Other |  |  | 14 |  |  |  | 0.0 |  |  |  | 20 |  |  |  | 0.0 |  |  |  | 264 |  |  |  | 0.3 |
Corporate borrowers |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Other than Non-recourse loans |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Real estate companies in Japan |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Commercial, industrial and other companies in Japan |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Commercial, industrial and other companies in overseas |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Net investment in leases |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Overseas |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Total |  | ¥ | 14 |  |  |  | 0.0 |  |  | ¥ | 583 |  |  |  | 0.0 |  |  | ¥ | 264 |  |  |  | 0.0 |
Three months ended September 30, 2023 |
Millions of yen |
Portfolio segment |  | Interest rate reduction |  |  | Term extension |  |  | Principal forgiveness |
Class |  |  | Amortized cost basis |  |  |  | % of total class of financing receivable |  |  |  | Amortized cost basis |  |  |  | % of total class of financing receivable |  |  |  | Amortized cost basis |  |  |  | % of total class of financing receivable |
Consumer borrowers |  | ¥ | 182 |  |  |  | 0.0 |  |  | ¥ | 1,236 |  |  |  | 0.1 |  |  | ¥ | 16 |  |  |  | 0.0 |
Real estate loans |  |  | 0 |  |  |  | 0 |  |  |  | 1 |  |  |  | 0.0 |  |  |  | 1 |  |  |  | 0.0 |
Card loans |  |  | 164 |  |  |  | 0.1 |  |  |  | 1 |  |  |  | 0.0 |  |  |  | 15 |  |  |  | 0.0 |
Other |  |  | 18 |  |  |  | 0.0 |  |  |  | 1,234 |  |  |  | 1.5 |  |  |  | 0 |  |  |  | 0 |
Corporate borrowers |  |  | 0 |  |  |  | 0 |  |  |  | 712 |  |  |  | 0.0 |  |  |  | 5 |  |  |  | 0.0 |
Other than Non-recourse loans |  |  | 0 |  |  |  | 0 |  |  |  | 712 |  |  |  | 0.1 |  |  |  | 5 |  |  |  | 0.0 |
Real estate companies in Japan |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Commercial, industrial and other companies in Japan |  |  | 0 |  |  |  | 0 |  |  |  | 427 |  |  |  | 0.2 |  |  |  | 0 |  |  |  | 0 |
Commercial, industrial and other companies in overseas |  |  | 0 |  |  |  | 0 |  |  |  | 285 |  |  |  | 0.0 |  |  |  | 5 |  |  |  | 0.0 |
Net investment in leases |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0.0 |
Overseas |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0.0 |
Total |  | ¥ | 182 |  |  |  | 0.0 |  |  | ¥ | 1,948 |  |  |  | 0.0 |  |  | ¥ | 21 |  |  |  | 0.0 |
Three months ended September 30, 2023 |
Millions of yen |
Portfolio segment |  | Combination - interest rate reduction and term extension |  |  | Combination - interest rate reduction and principal forgiveness |  |  | Combination - term extension and principal forgiveness |
Class |  |  | Amortized cost basis |  |  |  | % of total class of financing receivable |  |  |  | Amortized cost basis |  |  |  | % of total class of financing receivable |  |  |  | Amortized cost basis |  |  |  | % of total class of financing receivable |
Consumer borrowers |  | ¥ | 5 |  |  |  | 0.0 |  |  | ¥ | 247 |  |  |  | 0.0 |  |  | ¥ | 112 |  |  |  | 0.0 |
Real estate loans |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Card loans |  |  | 0 |  |  |  | 0 |  |  |  | 239 |  |  |  | 0.1 |  |  |  | 0 |  |  |  | 0 |
Other |  |  | 5 |  |  |  | 0.0 |  |  |  | 8 |  |  |  | 0.0 |  |  |  | 112 |  |  |  | 0.1 |
Corporate borrowers |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Other than Non-recourse loans |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Real estate companies in Japan |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Commercial, industrial and other companies in Japan |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Commercial, industrial and other companies in overseas |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Net investment in leases |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Overseas |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Total |  | ¥ | 5 |  |  |  | 0.0 |  |  | ¥ | 247 |  |  |  | 0.0 |  |  | ¥ | 112 |  |  |  | 0.0 |
The Company and its subsidiaries offer various types of concessions to the debtors to protect as much of the investment as possible in modifications of financing receivables made to debtors experiencing financial difficulty. For the debtors of all financing receivables, the Company and its subsidiaries offer concessions including an interest rate reduction and a term extension. In addition, for the debtors of all financing receivables other than non-recourse loans, the Company and its subsidiaries also offer concessions such as a principal forgiveness or a temporary reduction in the interest payments. Furthermore, the Company and its subsidiaries may acquire collateral assets from the debtors in modifications of financing receivables made to debtors experiencing financial difficulty to satisfy fully or partially the loan principal or past due interest. In common with all portfolio segments, financing receivables modified to debtors experiencing financial difficulty are recognized as impaired and are individually evaluated for allowance for credit losses, taking into account payment default and repayment status after modifications. In most cases, these financing receivables have already been considered impaired and individually evaluated for allowance for credit losses prior to the modifications. However, as a result of the modification, the Company and its subsidiaries may recognize additional allowance for credit losses for the modified receivables.
Summary of financial effect of modifications of financing receivable | The following table provides information about the financial effect of the modifications of financing receivables made to debtors experiencing financial difficulty that occurred during the six and three months ended September 30, 2023:
Six months ended September 30, 2023
Millions of yen
Portfolio segment |  | Financial effect
Class |  | Interest rate reduction |  | Term extension |  | Principal forgiveness
Consumer borrowers |  |  |  |  |  |
Real estate loans |  | Reduced weighted-average contractual interest rate from 3.9% to 0.0%. |  | Added a weighted-average 1.0 years to the life of loans. |  | Reduced the amortized cost basis of the loans by ¥1 million.
Card loans |  | Reduced weighted-average contractual interest rate from 12.6% to 0.4%. |  | Added a weighted-average 6.6 years to the life of loans. |  | Reduced the amortized cost basis of the loans by ¥92 million.
Other |  | Reduced weighted-average contractual interest rate from 14.2% to 2.5%. |  | Added a weighted-average 4.8 years to the life of loans. |  | Reduced the amortized cost basis of the loans by ¥336 million.
Corporate borrowers |  |  |  |  |  |
Other than Non-recourse loans |  | — |  | — |  | —
Real estate companies in Japan |  | — |  | Added a weighted-average 0.5 years to the life of loans. |  | —
Commercial, industrial and other companies in Japan |  | — |  | Added a weighted-average 0.6 years to the life of loans. |  | —
Commercial, industrial and other companies in overseas |  | — |  | Added a weighted-average 4.7 years to the life of loans. |  | Reduced the amortized cost basis of the loans by ¥108 million.
Net investment in leases |  |  |  |  |  |
Overseas |  | — |  | — |  | Reduced the amortized cost basis of the loans by ¥0 million.
Three months ended September 30, 2023
Millions of yen
Portfolio segment |  | Financial effect
Class |  | Interest rate reduction |  | Term extension |  | Principal forgiveness
Consumer borrowers |  |  |  |  |  |
Real estate loans |  | — |  | Added a weighted-average 1.0 years to the life of loans. |  | Reduced the amortized cost basis of the loans by ¥0 million.
Card loans |  | Reduced weighted-average contractual interest rate from 12.7% to 0.4%. |  | Added a weighted-average 6.6 years to the life of loans. |  | Reduced the amortized cost basis of the loans by ¥40 million.
Other |  | Reduced weighted-average contractual interest rate from 12.4% to 1.8%. |  | Added a weighted-average 4.9 years to the life of loans. |  | Reduced the amortized cost basis of the loans by ¥177 million.
Corporate borrowers |  | — |  | — |  | —
Other than Non-recourse loans |  | — |  | — |  | —
Real estate companies in Japan |  | — |  | — |  | —
Commercial, industrial and other companies in Japan |  | — |  | Added a weighted-average 0.5 years to the life of loans. |  | —
Commercial, industrial and other companies in overseas |  | — |  | Added a weighted-average 4.7 years to the life of loans. |  | Reduced the amortized cost basis of the loans by ¥3 million.
Net investment in leases |  |  |  |  |  |
Overseas |  | — |  | — |  | Reduced the amortized cost basis of the loans by ¥0 million.
Summary of past due modifications of financing receivable | The following table provides information about the past-due financial assets modified to debtors experiencing financial difficulty within the previous 12 months from September 30, 2023:
September 30, 2023 |
|  | Millions of yen |
Portfolio segment |  | Current |  |  | 30-89 days past-due |  |  | 90 days or more past-due |
Class
Consumer borrowers |  |  | ¥ 3,471 |  |  |  | ¥ 34 |  |  | ¥ | 0 |
Real estate loans |  |  | 5 |  |  |  | 0 |  |  |  | 0 |
Card loans |  |  | 823 |  |  |  | 4 |  |  |  | 0 |
Other |  |  | 2,643 |  |  |  | 30 |  |  |  | 0 |
Corporate borrowers |  |  | 613 |  |  |  | 0 |  |  |  | 307 |
Other than Non-recourse loans |  |  | 613 |  |  |  | 0 |  |  |  | 307 |
Real estate companies in Japan |  |  | 0 |  |  |  | 0 |  |  |  | 35 |
Commercial, industrial and other companies in Japan |  |  | 285 |  |  |  | 0 |  |  |  | 257 |
Commercial, industrial and other companies in overseas |  |  | 328 |  |  |  | 0 |  |  |  | 15 |
Net investment in leases |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Overseas |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Total |  | ¥ | 4,084 |  |  | ¥ | 34 |  |  | ¥ | 307 |

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