XML 77 R62.htm IDEA: XBRL DOCUMENT
v3.24.1.1.u2

Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2024
Equity [Abstract] |
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 2022, 2023 and 2024 are as follows:
|  | Millions of yen |
|  | Net unrealized gains (losses) on investment in securities |  |  | Impact of changes in policy liability discount rate |  |  | 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, 2021 |  | ¥ | (16,208 | ) |  | ¥ | – |  |  | ¥ | 558 |  |  | ¥ | (21,073 | ) |  | ¥ | (36,456 | ) |  | ¥ | (11,471 | ) |  | ¥ | (84,650 | )
Cumulative effect of adopting Accounting standards Update 2018-12, net of tax of ¥4,296 million |  |  |  |  |  | ¥ | (24,641 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ¥ | (24,641 | )
Balance at April 1, 2021 |  | ¥ | (16,208 | ) |  | ¥ | (24,641 | ) |  | ¥ | 558 |  |  | ¥ | (21,073 | ) |  | ¥ | (36,456 | ) |  | ¥ | (11,471 | ) |  | ¥ | (109,291 | )
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 | )
Impact of changes in policy liability discount rate, net of tax of ¥(23,126 ) million |  |  |  |  |  |  | 62,177 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 62,177 |
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 | ) |  |  | 62,177 |  |  |  | (337 | ) |  |  | 13,002 |  |  |  | 105,693 |  |  |  | 15,070 |  |  |  | 138,921 |
Transaction with noncontrolling interests |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (1,472 | ) |  |  | (3 | ) |  |  | (1,475 | )
Less: Other Comprehensive Income Attributable to the Noncontrolling Interests |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1 |  |  |  | 5,851 |  |  |  | 808 |  |  |  | 6,660 |
Balance at March 31, 2022 |  | ¥ | (72,892 | ) |  | ¥ | 37,536 |  |  | ¥ | 221 |  |  | ¥ | (8,072 | ) |  | ¥ | 61,914 |  |  | ¥ | 2,788 |  |  | ¥ | 21,495 |
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 | )
Impact of changes in policy liability discount rate, net of tax of ¥(43,576 ) million |  |  |  |  |  |  | 126,980 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 126,980 |
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 | ) |  |  | 126,980 |  |  |  | 54 |  |  |  | 4,448 |  |  |  | 94,707 |  |  |  | 19,670 |  |  |  | 135,693 |
Transaction with noncontrolling interests |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 2,903 |  |  |  | 1,493 |  |  |  | 4,396 |
Less: Other Comprehensive Income (loss) Attributable to the Noncontrolling Interests |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (7 | ) |  |  | 3,637 |  |  |  | 1,868 |  |  |  | 5,498 |
Less: Other Comprehensive Income Attributable to the Redeemable Noncontrolling Interests |  |  | (24 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (25 | ) |  |  | 0 |  |  |  | (49 | )
Balance at March 31, 2023 * |  | ¥ | (183,034 | ) |  | ¥ | 164,516 |  |  | ¥ | 275 |  |  | ¥ | (3,617 | ) |  | ¥ | 155,912 |  |  | ¥ | 22,083 |  |  | ¥ | 156,135 |
* | 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.
|  | Millions of yen |
|  | Net unrealized gains (losses) on investment in securities |  |  | Impact of changes in policy liability discount rate |  |  | 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, 2023*1 |  | ¥ | (183,034 | ) |  | ¥ | 164,516 |  |  | ¥ | 275 |  |  | ¥ | (3,617 | ) |  | ¥ | 155,912 |  |  | ¥ | 22,083 |  |  | ¥ | 156,135 |
Net unrealized gains (losses) on investment in securities, net of tax of ¥27,906 million |  |  | (69,102 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (69,102 | )
Reclassification adjustment included in net income, net of tax of ¥(749) million |  |  | 1,340 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,340 |
Impact of changes in policy liability discount rate, net of tax of ¥(32,471) million |  |  |  |  |  |  | 93,269 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 93,269 |
Debt valuation adjustments, net of tax of ¥69 million |  |  |  |  |  |  |  |  |  |  | (177 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (177 | )
Reclassification adjustment included in net income, net of tax of ¥5 million |  |  |  |  |  |  |  |  |  |  | (14 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (14 | )
Defined benefit pension plans, net of tax of ¥(5,655) million |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 13,559 |  |  |  |  |  |  |  |  |  |  |  | 13,559 |
Reclassification adjustment included in net income, net of tax of ¥101 million |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (266 | ) |  |  |  |  |  |  |  |  |  |  | (266 | )
Foreign currency translation adjustments, net of tax of ¥35,593 million |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 163,062 |  |  |  |  |  |  |  | 163,062 |
Reclassification adjustment included in net income, net of tax of ¥(4,601) million |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,242 |  |  |  |  |  |  |  | 10,242 |
Net unrealized gains (losses) on derivative instruments, net of tax of ¥578 million |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,928 | ) |  |  | (2,928 | )
Reclassification adjustment included in net income, net of tax of ¥945 million |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,947 | ) |  |  | (2,947 | )
Total other comprehensive income (loss) |  |  | (67,762 | ) |  |  | 93,269 |  |  |  | (191 | ) |  |  | 13,293 |  |  |  | 173,304 |  |  |  | (5,875 | ) |  |  | 206,038 |
Transaction with noncontrolling interests |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 11 |  |  |  | (176 | ) |  |  | (165 | )
Less: Other Comprehensive Income (loss) Attributable to the Noncontrolling Interests |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 6 |  |  |  | 4,816 |  |  |  | (175 | ) |  |  | 4,647 |
Less: Other Comprehensive Income Attributable to the Redeemable Noncontrolling Interests |  |  | 10 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 203 |  |  |  | 0 |  |  |  | 213 |
Balance at March 31, 2024*2 |  | ¥ | (250,806 | ) |  | ¥ | 257,785 |  |  | ¥ | 84 |  |  | ¥ | 9,670 |  |  | ¥ | 324,208 |  |  | ¥ | 16,207 |  |  | ¥ | 357,148 |
*1 | As of March 31, 2023, the amount of impact of changes in policy liability discount rate contained a loss of ¥(24,641) million (net of tax of ¥4,296 million ) of cumulative effect of changes in the discount rates between contract inception date and the transition date of April 1, 2021 of LDTI and an income of ¥189,157 million (net of tax of ¥(66,702) million ) of changes after the transition date. For further information about impact of changes in policy liability discount rate, see Note 24. “Long-Duration Insurance Contracts Relating to Life Insurance Operations”.
*2 | As of March 31, 2024, net unrealized gains (losses) on investment in securities contained ¥(82) million (net of tax of ¥16 million ) of net unrealized gains (losses) in 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 2022, 2023 and 2024 are as follows:
|  | 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 equity method investments and liquidation losses, net/Interest expense/Other (income) and expense
Sales or liquidation |  |  | 873 |  |  | Gains on sales of subsidiaries and equity method investments 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 equity method investments and liquidation losses, net/Interest expense/Other (income) and expense
Sales or liquidation |  |  | 8,776 |  |  | Gains on sales of subsidiaries and equity method investments 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
|  | March 31, 2024
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 |  | ¥ | 231 |  |  | Gains on investment securities and dividends
Sales of debt securities |  |  | (7,184 | ) |  | Life insurance premiums and related investment income
Amortization of debt securities |  |  | 756 |  |  | Finance revenues
Amortization of debt securities |  |  | 4,108 |  |  | Life insurance premiums and related investment income
|  |  | (2,089 | ) |  | Total before income tax
|  |  | 749 |  |  | Income tax (expense) or benefit
|  | ¥ | (1,340 | ) |  | Net of tax
Debt valuation adjustments |  |  |  |  |  |
Fulfillment of policy liabilities and amortization of policy account balances |  | ¥ | 19 |  |  | Life insurance costs
|  |  | 19 |  |  | Total before income tax
|  |  | (5 | ) |  | Income tax (expense) or benefit
|  | ¥ | 14 |  |  | Net of tax
Defined benefit pension plans |  |  |  |  |  |
Amortization of prior service credit |  | ¥ | 438 |  |  | See Note 17 “Pension Plans”
Amortization of net actuarial loss |  |  | (70 | ) |  | See Note 17 “Pension Plans”
Amortization of transition obligation |  |  | (1 | ) |  | See Note 17 “Pension Plans”
|  |  | 367 |  |  | Total before income tax
|  |  | (101 | ) |  | Income tax (expense) or benefit
|  | ¥ | 266 |  |  | Net of tax
Foreign currency translation adjustments |  |  |  |  |  |
Foreign exchange contracts |  | ¥ | (14,952 | ) |  | Gains on sales of subsidiaries and equity method investments and liquidation losses, net/Interest expense
Sales or liquidation |  |  | 109 |  |  | Gains on sales of subsidiaries and equity method investments and liquidation losses, net
|  |  | (14,843 | ) |  | Total before income tax
|  |  | 4,601 |  |  | Income tax (expense) or benefit
|  | ¥ | (10,242 | ) |  | Net of tax
Net unrealized gains (losses) on derivative instruments |  |  |  |  |  |
Interest rate swap agreements |  | ¥ | 114 |  |  | Interest expense
Foreign currency swap agreements |  |  | 3,778 |  |  | Interest expense/Other (income) and expense
|  |  | 3,892 |  |  | Total before income tax
|  |  | (945 | ) |  | Income tax (expense) or benefit
|  | ¥ | 2,947 |  |  | Net of tax

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration