Variable Interest Entities (Tables)

6 Months Ended

Sep. 30, 2023

Variable Interest Entity, Primary Beneficiary

Information about Variable Interest Entities (Consolidated and Non-consolidated)

1.	Consolidated VIEs

March 31, 2023


	Millions of yen
Types of VIEs	Total assets *1		Total liabilities *1		Assets which are pledged as collateral *2		Commitments *3
(a) VIEs for liquidating customer assets	¥	0	¥	0	¥	0	¥	0
(b) VIEs for acquisition of real estate and real estate development projects for customers		1,907		1		0		0
(c) VIEs for acquisition of real estate for the Company and its subsidiaries’ real estate-related business		55,456		13,060		15,596		0
(d) VIEs for corporate rehabilitation support business		664		7		0		0
(e) VIEs for investment in securities		180,569		399		0		62,340
(f) VIEs for securitizing financial assets such as finance lease receivable and loan receivable		224,949		155,706		224,949		0
(g) VIEs for securitization of loan receivable originated by third parties		548		1,106		548		0
(h) VIEs for power generation projects		258,396		164,813		187,892		38,099
(i) Other VIEs		168,574		63,864		137,481		0

Total	¥	891,063	¥	398,956	¥	566,466	¥	100,439


September 30, 2023

	Millions of yen
Types of VIEs	Total assets *1		Total liabilities *1		Assets which are pledged as collateral *2		Commitments *3
(a) VIEs for liquidating customer assets	¥	0	¥	0	¥	0	¥	0
(b) VIEs for acquisition of real estate and real estate development projects for customers		1,838		1		0		0
(c) VIEs for acquisition of real estate for the Company and its subsidiaries’ real estate-related business		51,898		10,797		15,807		0
(d) VIEs for corporate rehabilitation support business		629		5		0		0
(e) VIEs for investment in securities		212,497		119		0		74,846
(f) VIEs for securitizing financial assets such as finance lease receivable and loan receivable		210,438		161,681		210,438		0
(g) VIEs for securitization of loan receivable originated by third parties		523		1,036		523		0
(h) VIEs for power generation projects		246,629		158,116		189,744		38,099
(i) Other VIEs		208,467		86,653		176,128		0

Total	¥	932,919	¥	418,408	¥	592,640	¥	112,945

*1	The assets of most VIEs are used only to repay the liabilities of the VIEs, and the creditors of the liabilities of most VIEs have no recourse to other assets of the Company and its subsidiaries.

*2	The assets are pledged as collateral by VIE for financing of the VIE.

*3	This item represents remaining balance of commitments that could require the Company and its subsidiaries to provide investments or loans to the VIE.

Variable Interest Entity, Not Primary Beneficiary

Information about Variable Interest Entities (Consolidated and Non-consolidated)

2.	Non-consolidated VIEs

March 31, 2023


	Millions of yen
			Carrying amount of the variable interests in the VIEs held by the Company and its subsidiaries				Maximum exposure to loss *
Types of VIEs	Total assets		Non-recourse loans		Investments		Maximum exposure to loss *
(a) VIEs for liquidating customer assets	¥	8,247	¥	0	¥	991	¥	991
(b) VIEs for acquisition of real estate and real estate development projects for customers		648,468		10,721		8,805		20,526
(c) VIEs for acquisition of real estate for the Company and its subsidiaries’ real estate-related business		0		0		0		0
(d) VIEs for corporate rehabilitation support business		0		0		0		0
(e) VIEs for investment in securities		10,887,430		0		98,742		173,314
(f) VIEs for securitizing financial assets such as finance lease receivable and loan receivable		0		0		0		0
(g) VIEs for securitization of loan receivable originated by third parties		901,544		0		10,475		10,475
(h) VIEs for power generation projects		16,138		0		3,691		4,491
(i) Other VIEs		1,726,717		3,333		28,835		43,405

Total	¥	14,188,544	¥	14,054	¥	151,539	¥	253,202


September 30, 2023

	Millions of yen
			Carrying amount of the variable interests in the VIEs held by the Company and its subsidiaries				Maximum exposure to loss *
Types of VIEs	Total assets		Non-recourse loans		Investments		Maximum exposure to loss *
(a) VIEs for liquidating customer assets	¥	8,225	¥	0	¥	991	¥	991
(b) VIEs for acquisition of real estate and real estate development projects for customers		890,013		18,201		9,434		28,765
(c) VIEs for acquisition of real estate for the Company and its subsidiaries’ real estate-related business		0		0		0		0
(d) VIEs for corporate rehabilitation support business		0		0		0		0
(e) VIEs for investment in securities		15,008,420		0		217,074		309,082
(f) VIEs for securitizing financial assets such as finance lease receivable and loan receivable		0		0		0		0
(g) VIEs for securitization of loan receivable originated by third parties		1,225,527		0		10,958		10,958
(h) VIEs for power generation projects		15,872		0		2,436		4,486
(i) Other VIEs		2,116,606		3,733		35,185		55,548

Total	¥	19,264,663	¥	21,934	¥	276,078	¥	409,830

*	Maximum exposure to loss includes remaining balance of commitments that could require the Company and its subsidiaries to provide investments or loans to the VIE.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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