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Schedule II.-Valuation and Qualifying Accounts and Reserves
 12 Months Ended
Mar. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II.-Valuation and Qualifying Accounts and Reserves
Schedule II.—Valuation and Qualifying Accounts and Reserves
ORIX Corporation and Subsidiaries
 
    
Millions of yen
  
    
Year Ended March 31, 2022
  
Description
   
Balance at

beginning

of period
     
Acquisitions
     
Addition:

Charged to

costs and

expenses
     
Deduction
    
Translation

adjustment
     
Balance at

end
of period
  
Restructuring cost:
                 
Severance and other benefits to terminated employees
    ¥ 252      ¥ 0      ¥ 2,781      ¥ (187 )    ¥ 4      ¥ 2,850  
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
     
 
 
  
Total
    ¥ 252      ¥ 0      ¥ 2,781      ¥ (187 )    ¥ 4      ¥ 2,850  
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
     
 
 
  
    
Millions of yen
  
    
Year Ended March 31, 2023
  
Description
   
Balance at

beginning

of period
     
Acquisitions
     
Addition:

Charged to

costs and

expenses
     
Deduction
    
Translation

adjustment
     
Balance at

end
of period
  
Restructuring cost:
                 
Severance and other benefits to terminated employees
    ¥ 2,850      ¥ 0      ¥ 0      ¥ (2,373 )    ¥ 3      ¥ 480  
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
     
 
 
  
Total
    ¥ 2,850      ¥ 0      ¥ 0      ¥ (2,373 )    ¥ 3      ¥ 480  
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
     
 
 
  
    
Millions of yen
  
    
Year Ended March 31, 2024
  
Description
   
Balance at

beginning

of period
     
Acquisitions
     
Addition:

Charged to

costs and

expenses
     
Deduction
    
Translation

adjustment
     
Balance at

end
of period
  
Restructuring cost:
                 
Closed office lease obligations
    ¥ 0      ¥ 0      ¥ 23      ¥ 0     ¥ 0      ¥ 23  
Severance and other benefits to terminated employees
    ¥ 480      ¥ 0      ¥ 122      ¥ (480 )    ¥ 0      ¥ 122  
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
     
 
 
  
Total
    ¥ 480      ¥ 0      ¥ 145      ¥ (480 )    ¥ 0      ¥ 145  
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
     
 
 
  
    
Millions of yen
  
Description
   
Balance at
beginning
of period
     
Acquisitions
     
Addition:

Charged to
costs and
expenses
     
Deduction*1
    
Other*2
     
Balance at
end
of period
  
Deferred tax assets:
                 
Valuation allowance
                 
Year ended March 31, 2022
    ¥ 21,560      ¥ 1,403      ¥ 13,414      ¥ (2,445 )    ¥ 1,223      ¥ 35,155  
Year ended March 31, 2023
    ¥ 35,155      ¥ 143      ¥ 4,123      ¥ (2,814 )    ¥ 680      ¥ 37,287  
Year ended March 31, 2024
    ¥ 37,287      ¥ 0      ¥ 12,714      ¥ (12,233 )   ¥ 1,278      ¥ 39,046  
  
 
*1
The amount of deduction includes benefits recognized in
income tax expense
, expiration of loss carryforwards and sales of subsidiaries. The amounts of benefits recognized in earnings
due to the utilization of net operation loss carry forwards
were ¥1,742 million in fiscal 2022, ¥1,465 million in fiscal 2023 and ¥3,660 million in fiscal 2024.
*2
The amount of other includes
mainly
translation
 
adjustment.