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Credit Quality of Financial Assets and the Allowance for Credit Losses (Tables)

12 Months Ended

Mar. 31, 2024

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 for fiscal 2022, 2023 and 2024:


	Fiscal Year ended March 31, 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		Collective (pool) assessment		Individual assessment
Allowance for credit losses :
Installment loans to consumer borrowers:
Real estate loans
Japan	¥	5,922	¥	340		¥	0	¥	(570	)	¥	24	¥	0		¥	5,716	¥	5,211	¥	505
Overseas		470		(34	)		0		0			4		15			455		455		0
Card loans
Japan		12,984		(1,301	)		0		(1,669	)		4		1			10,019		9,423		596
Other
Japan		8,359		4,948			0		(8,114	)		11		0			5,204		2,946		2,258
Overseas		1,275		300			0		(644	)		0		174			1,105		961		144
Installment loans to corporate borrowers:
Non-recourse loans
Japan		32		49			0		0			0		0			81		81		0
The Americas		3,450		(1,035	)		0		0			0		276			2,691		1,836		855
Other than non-recourse loans
Real estate companies
Japan		901		(204	)		0		(109	)		29		0			617		490		127
Overseas		1,539		(855	)		0		(10	)		0		61			735		735		0
Commercial, industrial and other companies
Japan		1,938		93			0		(761	)		67		0			1,337		505		832
Overseas		18,763		3,503			0		(6,185	)		155		2,060			18,296		13,367		4,929
Loans to Equity method investees		1,050		1,449			0		(790	)		0		248			1,957		314		1,643
Purchased loans*1		1,835		(227	)		2,210		(2,372	)		114		15			1,575		608		967
Net investment in leases:		16,522		1,577			0		(2,802	)		21		985			16,303		12,480		3,823

Subtotal		75,040		8,603			2,210		(24,026	)		429		3,835			66,091		49,412		16,679

Other financial assets measured at amortized cost*2		4,955		1,213			0		(871	)		45		(18	)		5,324		248		5,076

Total	¥	79,995	¥	9,816		¥	2,210	¥	(24,897	)	¥	474	¥	3,817		¥	71,415	¥	49,660	¥	21,755


	Fiscal Year ended March 31, 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		Collective (pool) assessment		Individual assessment
Allowance for credit losses :
Installment loans to consumer borrowers:
Real estate loans
Japan	¥	5,716	¥	(1,437	)	¥	0	¥	(215	)	¥	27	¥	1		¥	4,092	¥	3,644	¥	448
Overseas		455		(19	)		0		0			1		9			446		446		0
Card loans
Japan		10,019		(421	)		0		(584	)		8		0			9,022		8,329		693
Other
Japan		5,204		4,672			0		(2,124	)		8		(1	)		7,759		5,337		2,422
Overseas		1,105		1,265			0		(508	)		0		27			1,889		1,467		422
Installment loans to corporate borrowers:
Non-recourse loans
Japan		81		173			0		0			0		(1	)		253		253		0
The Americas		2,691		(1,186	)		0		0			0		(11	)		1,494		560		934
Other than non-recourse loans
Real estate companies
Japan		617		131			0		0			28		1			777		663		114
Overseas		735		264			0		(29	)		0		37			1,007		1,007		0
Commercial, industrial and other companies
Japan		1,337		102			0		(358	)		71		0			1,152		477		675
Overseas		18,296		7,164			0		(8,212	)		329		1,555			19,132		16,455		2,677
Loans to Equity method investees		1,957		361			0		(1,842	)		0		174			650		281		369
Purchased loans*1		1,575		(261	)		6,901		(7,142	)		64		11			1,148		541		607
Net investment in leases:		16,303		1,678			0		(2,637	)		27		348			15,719		12,032		3,687

Subtotal		66,091		12,486			6,901		(23,651	)		563		2,150			64,540		51,492		13,048

Other financial assets measured at amortized cost*2		5,324		194			0		(4,721	)		30		6			833		267		566

Total	¥	71,415	¥	12,680		¥	6,901	¥	(28,372	)	¥	593	¥	2,156		¥	65,373	¥	51,759	¥	13,614


	Fiscal Year ended March 31, 2024
	Millions of yen
	Beginning balance		Provision (Reversal)*3			Allowance of purchased loans during the reporting period		Charge- offs*4			Recoveries		Other*5			Ending balance		Collective (pool) assessment		Individual assessment
Allowance for credit losses :
Installment loans to consumer borrowers:
Real estate loans
Japan	¥	4,092	¥	(712	)	¥	0	¥	(218	)	¥	151	¥	(110	)	¥	3,203	¥	2,893	¥	310
Overseas		446		94			0		(6	)		1		46			581		526		55
Card loans
Japan		9,022		101			0		(918	)		10		(8,203	)		12		12		0
Other
Japan		7,759		5,313			0		(3,856	)		7		(9,132	)		91		6		85
Overseas		1,889		3,166			0		(2,736	)		476		265			3,060		1,762		1,298
Installment loans to corporate borrowers:
Non-recourse loans
Japan		253		176			0		0			0		0			429		429		0
The Americas		1,494		74			0		(55	)		0		205			1,718		660		1,058
Other than non-recourse loans
Real estate companies
Japan		777		176			0		(4	)		26		0			975		889		86
Overseas		1,007		430			0		0			0		112			1,549		1,045		504
Commercial, industrial and other companies
Japan		1,152		(44	)		0		(281	)		9		21			857		722		135
Overseas		19,132		8,702			0		(4,762	)		176		2,576			25,824		16,061		9,763
Loans to Equity method investees		650		99			0		0			0		129			878		422		456
Purchased loans*1		1,148		13			47,676		(47,722	)		2		16			1,133		548		585
Net investment in leases:		15,719		3,064			0		(2,635	)		26		606			16,780		10,866		5,914

Subtotal		64,540		20,652			47,676		(63,193	)		884		(13,469	)		57,090		36,841		20,249

Other financial assets measured at amortized cost*2		833		311			0		(280	)		9		147			1,020		321		699

Total	¥	65,373	¥	20,963		¥	47,676	¥	(63,473	)	¥	893	¥	(13,322	)	¥	58,110	¥	37,162	¥	20,948

Notes:

1 Loans held for sale and policy loan receivables of an insurance entity are not in the scope of allowance for credit losses.

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.

The allowance for other financial assets measured at amortized cost includes the allowance for credit losses on financing receivables, such as accounts receivable. Other financial assets measured at amortized cost are mainly “Trade notes, accounts and other receivables” on the consolidated balance sheets.

“Provision for credit losses” in the consolidated statements of income amounted to provisions of ¥5,388 million, ¥8,117 million and ¥20,968 million for fiscal 2022, 2023 and 2024 respectively. The reconciliation between the above table and the amounts reported on the consolidated statements

of income

in fiscal 2022, 2023 and 2024 are as follows:


	Millions of yen
	Fiscal Year ended March 31, 2022			Fiscal Year ended March 31, 2023			Fiscal Year ended March 31, 2024
	Provision for credit losses			Provision for credit losses			Provision for credit losses
Net investment in leases	¥	1,577		¥	1,678		¥	3,064
Installment loans		7,026			10,808			17,588

Subtotal in the above table		8,603			12,486			20,652

Other financial assets measured at amortized cost		1,213			194			311

Total in the above table		9,816			12,680			20,963

Off-balance sheet credit exposures *3(a)		(4,449	)		(4,542	)		(440	)
Available-for-sale debt securities *3(b)		21			(21	)		445

Amount reported on the consolidated financial statements	¥	5,388		¥	8,117		¥	20,968

*3(a)

The allowance for off-balance sheet credit exposure were ¥22,120 million, ¥17,843 million and ¥5,116 million as of March 31, 2022, 2023 and 2024, respectively, and the amounts are recorded in “Other liabilities” on the consolidated balance sheets. For further information, see Note 31 “Commitments, Guarantees and Contingent Liabilities.”

*3(b)

The allowance for available-for-sale debt securities were ¥153 million ¥144 million and ¥634 million as of March 31, 2022, 2023 and 2024, respectively, and the amounts are recorded as a reduction in “Investments in securities” on the consolidated balance sheets. For further information, see Note 9 “Investment in Securities.”

*4	Included in Charge-off in write-offs of purchased loans were ¥2,210 million, ¥6,901 million and ¥47,676 million during fiscal 2022, 2023 and 2024.

*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
	Fiscal Year ended March 31, 2022			Fiscal Year ended March 31, 2023			Fiscal Year ended March 31, 2024
	Provision for credit losses			Provision for credit losses			Provision for credit losses
Net investment in leases	¥	1,577		¥	1,678		¥	3,064
Installment loans		7,026			10,808			17,588

Subtotal in the above table		8,603			12,486			20,652

Other financial assets measured at amortized cost		1,213			194			311

Total in the above table		9,816			12,680			20,963

Off-balance sheet credit exposures *3(a)		(4,449	)		(4,542	)		(440	)
Available-for-sale debt securities *3(b)		21			(21	)		445

Amount reported on the consolidated financial statements	¥	5,388		¥	8,117		¥	20,968

*3(a)

*3(b)

Summary of purchased loans

The following table provides information about purchased loans which were acquired for fiscal 2022, 2023 and 2024:


	Millions of yen
	Fiscal Year ended March 31, 2022		Fiscal Year ended March 31, 2023		Fiscal Year ended March 31, 2024
Purchase price	¥	4,926	¥	2,444	¥	12,271
Allowance for credit losses at acquisition date		2,210		6,901		47,676
Discount or premium attributable to other factors		220		261		1,188

Par value	¥	7,356	¥	9,606	¥	61,135

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)
Class
	Credit Quality	2023		2022		2021		2020		2019		Prior		Total
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


		March 31, 2023
		Millions of yen
Portfolio segment		Origination year (years ended March 31)
Class
	Credit Quality	2023		2022		2021		2020		2019		Prior		Total
Loans to Equity method investees:
	Performing		3,197		0		2,089		282		0		21,301	¥	26,869
	Non-Performing		0		298		0		0		368		0	¥	666

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

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 March 31, 2024 and the gross write-offs, corresponding to each class of financial assets by origination year, recorded during fiscal 2024. 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, 2024
		Millions of yen
Portfolio segment		Origination year (years ended March 31)
Class
	Credit Quality	2024		2023		2022		2021		2020		Prior		Total
Consumer borrowers:
	Performing	¥	245,106	¥	200,373	¥	165,337	¥	248,395	¥	334,364	¥	788,888	¥	1,982,463
	Non-Performing		1,139		1,224		607		292		500		11,871	¥	15,633
	Gross write-offs		1,268		3,500		988		228		147		685	¥	6,816

Real estate loans
	Performing		219,407		182,697		161,632		247,905		334,009		788,635	¥	1,934,285
	Non-Performing		109		22		508		281		486		11,770	¥	13,176
	Gross write-offs		0		1		0		2		5		216	¥	224
Other*
	Performing		25,699		17,676		3,705		490		355		253	¥	48,178
	Non-Performing		1,030		1,202		99		11		14		101	¥	2,457
	Gross write-offs		1,268		3,499		988		226		142		469	¥	6,592
Corporate borrowers:
	Performing		484,932		236,795		276,776		96,684		121,132		183,404	¥	1,399,723
	Non-Performing		5,144		3,346		26,661		5,255		6,705		23,023	¥	70,134
	Gross write-offs		115		102		1,005		215		1,397		2,268	¥	5,102

Non-recourse loans
Japan
	Performing		97,099		22,621		10,572		6,713		1,266		7,015	¥	145,286
	Gross write-offs		0		0		0		0		0		0	¥	0
The Americas
	Performing		11,804		9,077		1,742		151		16,862		7,512	¥	47,148
	Non-Performing		0		68		0		0		0		3,047	¥	3,115
	Gross write-offs		0		0		0		0		0		55	¥	55
Other than non-recourse loans
Real estate companies in Japan
	Performing		143,553		57,185		28,355		22,836		22,907		58,195	¥	333,031
	Non-Performing		37		0		0		9		656		773	¥	1,475
	Gross write-offs		0		0		0		0		4		0	¥	4
Real estate companies in overseas
	Performing		4,334		16,493		9,972		2,764		3,352		4,663	¥	41,578
	Non-Performing		489		581		4,444		515		2,205		9,947	¥	18,181
	Gross write-offs		0		0		0		0		0		0	¥	0


		March 31, 2024
		Millions of yen
Portfolio segment		Origination year (years ended March 31)
Class
	Credit Quality	2024		2023		2022		2021		2020		Prior		Total
Commercial, industrial and other companies in Japan
	Performing		95,090		29,538		18,606		11,920		10,619		14,566	¥	180,339
	Non-Performing		2		80		31		93		38		313	¥	557
	Gross write-offs		0		76		54		29		22		100	¥	281
Commercial, industrial and other companies in overseas
	Performing		133,052		101,881		207,529		52,300		66,126		91,453	¥	652,341
	Non-Performing		4,616		2,617		22,186		4,638		3,806		8,943	¥	46,806
	Gross write-offs		115		26		951		186		1,371		2,113	¥	4,762
Loans to Equity method investees:
	Performing		133,587		27,874		72,407		2,091		58		13,983	¥	250,000
	Non-Performing		0		230		327		0		0		1,372	¥	1,929
	Gross write-offs		0		0		0		0		0		0	¥	0
Purchased loans:
	Performing		145		16		590		227		4,670		13,445	¥	19,093
	Non-Performing		0		0		0		0		0		880	¥	880
	Gross write-offs		1,163		409		229		44		206		45,671	¥	47,722

Net investment in leases:
	Performing		475,594		291,724		159,885		81,835		56,625		68,555	¥	1,134,218
	Non-Performing		4,406		4,891		2,992		1,529		1,368		5,619	¥	20,805
	Gross write-offs		1		190		839		422		298		885	¥	2,635

Japan
	Performing		199,864		139,133		100,905		67,932		46,911		64,436	¥	619,181
	Non-Performing		213		585		886		776		657		1,796	¥	4,913
	Gross write-offs		0		26		101		129		158		583	¥	997
Overseas
	Performing		275,730		152,591		58,980		13,903		9,714		4,119	¥	515,037
	Non-Performing		4,193		4,306		2,106		753		711		3,823	¥	15,892
	Gross write-offs		1		164		738		293		140		302	¥	1,638

Total (excluding revolving repayment card loans)
	Performing	¥	1,339,364	¥	756,782	¥	674,995	¥	429,232	¥	516,849	¥	1,068,275	¥	4,785,497
	Non-Performing		10,689		9,691		30,587		7,076		8,573		42,765	¥	109,381
	Gross write-offs		2,547		4,201		3,061		909		2,048		49,509	¥	62,275

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 31 “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	Revolving repayment card loans				Total—revolving repayment card loans				Total— financial assets measured at amortized cost
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 March 31, 2024 and the gross write-offs, corresponding to card loans, recorded during fiscal 2024 is as follows:


	March 31, 2024
	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	Revolving repayment card loans				Total—revolving repayment card loans				Total— financial assets measured at amortized cost
Consumer borrowers:
Performing	¥	72,353	¥	0	¥	72,353	¥	4,785,497	¥	4,857,850

Non-Performing		0		0		0		109,381	¥	109,381

Gross write-offs		780		138		918		62,275	¥	63,193

Summary of past-due financial assets

The following table provides information about the past-due financial assets as of March 31, 2023 and 2024:


	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
Loans to Equity method investees			0		0		0		27,535
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	¥	4,771,491


	March 31, 2024
		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		¥	3,994	¥	4,458	¥	8,452	¥	2,070,449
	Real estate loans		2,064		2,178		4,242		1,947,461
	Card loans		0		0		0		72,353
	Other		1,930		2,280		4,210		50,635
Corporate borrowers			12,576		27,469		40,045		1,469,857
Non-recourse loans	Japan		0		0		0		145,286
	The Americas		2,502		1,126		3,628		50,263
Other than non-recourse loans	Real estate companies in Japan		113		115		228		334,506
	Real estate companies in overseas		1,080		17,619		18,699		59,759
	Commercial, industrial and other companies in Japan		1,666		355		2,021		180,896
	Commercial, industrial and other companies in overseas		7,215		8,254		15,469		699,147
Loans to Equity method investees			0		0		0		251,929
Net investment in leases			23,376		18,995		42,371		1,155,023
	Japan		2,525		4,372		6,897		624,094
	Overseas		20,851		14,623		35,474		530,929

Total		¥	39,946	¥	50,922	¥	90,868	¥	4,947,258

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 2024:


	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
Other than non-recourse loans
Real estate companies
Japan		351		219		51		13
Overseas		20,879		12,804		0		0
Commercial, industrial and other companies
Japan		1,267		1,118		71		190
Overseas		18,634		20,470		0		2,113
Loans to Equity method investees		58		667		0		0
Net investment in leases		17,771		16,627		0		0

Total	¥	73,459	¥	65,294	¥	555	¥	2,367


	March 31, 2024
	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	¥	1,095	¥	246	¥	129
Overseas		547		1,107		0		100
Card loans
Japan		1,367		0		27		0
Other
Japan		5,429		96		169		7
Overseas		1,105		2,574		0		35
Installment loans to corporate borrowers:
Non-recourse loans
The Americas		3,248		3,116		0		0
Other than non-recourse loans
Real estate companies
Japan		219		115		45		4
Overseas		12,804		16,093		0		0
Commercial, industrial and other companies
Japan		1,118		355		312		42
Overseas		20,470		27,636		0		2,319
Loans to Equity method investees		667		1,929		0		1,282
Net investment in leases		16,627		19,002		0		0

Total	¥	65,294	¥	73,118	¥	799	¥	3,918

Summary of troubled debt restructurings of financing receivables

The following table provides information about troubled debt restructurings of financing receivables that occurred during fiscal 2022 and fiscal 2023:


	Fiscal Year ended March 31, 2022
		Millions of yen
Portfolio segment	Class	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment
Consumer borrowers		¥	8,761	¥	6,152
	Real estate loans		15		6
	Card loans		1,385		1,072
	Other		7,361		5,074
Corporate borrowers			5,481		5,319
Other than n on-recourse loans	Commercial, industrial and other companies in overseas		5,481		5,319

Total		¥	14,242	¥	11,471


	Fiscal Year ended March 31, 2023
		Millions of yen
Portfolio segment	Class	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment
Consumer borrowers		¥	7,977	¥	6,171
	Real estate loans		10		4
	Card loans		1,536		1,312
	Other		6,431		4,855
Corporate borrowers			10,510		10,507
Other than non-recourse loans	Real estate companies in Japan		231		230
	Commercial, industrial and other companies in overseas		10,279		10,277

Total		¥	18,487	¥	16,678

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 fiscal 2024:


Fiscal Year ended March 31, 2024
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	¥	1,266		0.1	¥	4,652		0.2	¥	42		0.0
Real estate loans		5		0.0		1		0.0		1		0.0
Card loans		1,176		1.6		6		0.0		40		0.1
Other		85		0.2		4,645		9.2		1		0.0
Corporate borrowers		0		0		4,499		0.3		932		0.1
Non-recourse loans		0		0		1,277		0.7		0		0
The Americas		0		0		1,277		2.5		0		0
Other than non-recourse loans		0		0		3,222		0.3		932		0.1
Real estate companies in Japan		0		0		69		0.0		0		0
Commercial, industrial and other companies in Japan		0		0		711		0.4		0		0
Commercial, industrial and other companies in overseas		0		0		2,442		0.3		932		0.1
Loans to Equity method investees		0		0		955		0.4		0		0.0

Total	¥	1,266		0.0	¥	10,106		0.2	¥	974		0.0



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	¥	93		0.0	¥	546		0.0	¥	365		0.0
Real estate loans		0		0		2		0.0		0		0
Card loans		0		0.0		525		0.7		0		0
Other		93		0.2		19		0.0		365		0.7
Corporate borrowers		446		0.0		0		0		220		0.0
Non-recourse loans		0		0		0		0		0		0
The Americas		0		0		0		0		0		0
Other than non-recourse loans		446		0.0		0		0		220		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		446		0.1		0		0		220		0.0
Loans to Equity method investees		0		0		0		0		3,392		1.3

Total	¥	539		0.0	¥	546		0.0	¥	3,977		0.1


	Fiscal Year ended March 31, 2024
	Millions of yen
Portfolio segment	Combination - interest rate reduction, term extension and principal forgiveness
Class	Amortized cost basis		% of total class of financing receivable
Consumer borrowers	¥	0		0
Real estate loans		0		0
Card loans		0		0
Other		0		0
Corporate borrowers		327		0.0
Non-recourse loans		0		0
The Americas		0		0
Other than non-recourse loans		327		0.0
Real estate companies in Japan		0		0
Commercial, industrial and other companies in Japan		0		0
Commercial, industrial and other companies in overseas		327		0.0
Loans to Equity method investees		0		0

Total	¥	327		0.0

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 March 31, 2023 and for which there was a payment default during fiscal 2022 and fiscal 2023:


	Fiscal Year ended March 31, 2022
		Millions of yen
Portfolio segment	Class	Recorded investment
Consumer borrowers		¥	900
	Real estate loans		4
	Card loans		6
	Other		890

Total		¥	900


	Fiscal Year ended March 31, 2023
		Millions of yen
Portfolio segment	Class	Recorded investment
Consumer borrowers		¥	808
	Real estate loans		5
	Card loans		2
	Other		801
Corporate borrowers			4,692
Other than non-recourse loans	Commercial, industrial and other companies in overseas		4,692

Total		¥	5,500

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 fiscal 2024:


	Fiscal Year ended March 31, 2024
	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 5.3% to 0.0%.	Added a weighted-average 1.0 years to the life of loans.	Reduced the amortized cost basis of the loans by ¥8 million.
Card loans	Reduced weighted-average contractual interest rate from 12.7% to 0.7%.	Added a weighted-average 0.9 years to the life of loans.	Reduced the amortized cost basis of the loans by ¥185 million.
Other	Reduced weighted-average contractual interest rate from 14.6% to 5.3%.	Added a weighted-average 4.9 years to the life of loans.	Reduced the amortized cost basis of the loans by ¥785 million.
Corporate borrowers
Non-recourse loans
The Americas	—	Added a weighted-average 1.0 years to the life of loans.	—
Other than n on-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 1.0 years to the life of loans.	—
Commercial, industrial and other companies in overseas	Reduced weighted-average contractual interest rate from 8.8% to 6.4%.	Added a weighted-average 3.1 years to the life of loans.	Reduced the amortized cost basis of the loans by ¥1,487 million.
Loans to Equity method investees	—	Added a weighted-average 0.6 years to the life of loans.	Reduced the amortized cost basis of the loans by ¥624 million.
Net investment in leases
Overseas	—	—	Reduced the amortized cost basis of the loans by ¥0 million.

Summary of past due financial assets with payment default and modifications of past due

The following table provides information about financing receivable that had a payment default and had been modified, when the debtor was experiencing financial difficulty, within the previous 12 months preceding the payment default date during fiscal 2024.


	Fiscal Year ended March 31, 2024
	Millions of yen
Portfolio segment	Interest rate reduction		Term extension		Principal forgiveness		Combination -interest rate reduction and term extension		Combination -interest rate reduction and principal forgiveness		Combination - term extension and principal forgiveness
Class	Interest rate reduction		Term extension		Principal forgiveness		Combination -interest rate reduction and term extension				Combination - term extension and principal forgiveness
Consumer borrowers	¥	25	¥	212	¥	1	¥	0	¥	33	¥	9
Real estate loans		3		0		0		0		0		0
Card loans		18		0		1		0		28		0
Other		4		212		0		0		5		9

Total	¥	25	¥	212	¥	1	¥	0	¥	33	¥	9

The Company and its subsidiaries consider financing receivables whose terms have been modified to debtors experiencing financial difficulty as defaulted receivables when principal or interest is past-due 90 days or more in accordance with the modified terms.

In common with all portfolio segments, the Company and its subsidiaries suspend accruing interest and may recognize additional allowance for credit losses as necessary for the defaulted receivables.

The following table provides information about the past-due financial assets modified to debtors experiencing financial difficulty within the previous 12 months from March 31, 2024:


	March 31, 2024
	Millions of yen
Portfolio segment	Current		30-89 days past-due		90 days or more past-due
Class	Current		30-89 days past-due		90 days or more past-due
Consumer borrowers	¥	35	¥	91	¥	7
Real estate loans		1		0		0
Card loans		0		0		0
Other		34		91		7
Corporate borrowers		6,140		0		284
Non-recourse loans		1,277		0		0
The Americas		1,277		0		0
Other than non-recourse loans		4,863		0		284
Real estate companies in Japan		37		0		32
Commercial, industrial and other companies in Japan		481		0		230
Commercial, industrial and other companies in overseas		4,345		0		22
Loans to Equity method investees		4,347		0		0

Total	¥	10,522	¥	91	¥	291