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Estimated Fair Value of Financial Instruments
 12 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Estimated Fair Value of Financial Instruments
30. Estimated Fair Value of Financial Instruments
The following information is provided to help readers gain an understanding of the relationship between carrying amounts of financial instruments reported in the Company’s consolidated balance sheets and the related market or fair value. The disclosures do not include net investment in leases, equity method investments, pension obligations and insurance contracts and reinsurance contracts except for those classified as investment contracts.
March 31, 2024
 
    
Millions of yen
  
    
Carrying

amount
     
Estimated

fair value
     
Level 1
     
Level 2
     
Level 3
  
Assets:
               
Cash and cash equivalents
    ¥ 1,032,810      ¥ 1,032,810      ¥ 1,032,810      ¥ 0      ¥ 0  
Restricted cash
      152,497        152,497        152,497        0        0  
Installment loans (net of allowance for credit losses)
      3,918,504        3,899,688        0        163,536        3,736,152  
Equity securities*1
      415,607        415,607        108,964        143,786        162,857  
Available-for-sale
debt securities
      2,665,478        2,665,478        11,491        2,334,690        319,297  
Other Assets:
               
Time deposits
      2,033        2,033        0        2,033        0  
Derivative assets*2
      25,490        25,490         —         —         —  
Reinsurance recoverables (Investment contracts)
      4,592        4,550        0        0        4,550  
Liabilities:
               
Short-term debt
    ¥ 574,095      ¥ 574,095      ¥ 0      ¥ 574,095      ¥ 0  
Deposits
      2,074,828        2,073,845        0        2,073,845        0  
Policy liabilities and Policy account balances (Investment contracts)
      122,686        121,966        0        0        121,966  
Long-term debt
      5,626,376        5,594,888        0        1,769,943        3,824,945  
Accounts payable (Contingent consideration)
      14,136        14,136        0        0        14,136  
Other Liabilities:
               
Derivative liabilities*2
      48,190        48,190         —         —         —  
 
*1
The amount of ¥85,280 million of investment funds measured at net asset value per share is not included.
*2
It represents the amount after offset under counterparty netting of derivative assets and liabilities. For the information of input level before netting, see Note 2 “Fair Value Measurements.”
 
 
March 31, 2025
 
    
Millions of yen
  
    
Carrying

amount
     
Estimated

fair value
     
Level 1
     
Level 2
     
Level 3
  
Assets:
               
Cash and cash equivalents
    ¥ 1,206,573      ¥ 1,206,573      ¥ 1,206,573      ¥         0      ¥         0  
Restricted cash
      115,410        115,410        115,410        0        0  
Installment loans (net of allowance for credit losses)
      4,043,271        4,018,629        0        42,940        3,975,689  
Equity securities*1
      418,690        418,690        137,014        119,466        162,210  
Available-for-sale
debt securities
      2,607,637        2,607,637        12,243        2,377,740        217,654  
Other Assets:
               
Time deposits
      1,400        1,400        0        1,400        0  
Derivative assets*2
      43,675        43,675         —         —         —  
Reinsurance recoverables (Investment contracts)
      138,441        126,480        0        0        126,480  
Liabilities:
               
Short-term debt
    ¥ 549,680      ¥ 549,680      ¥ 0      ¥ 549,680      ¥ 0  
Deposits
      2,280,597        2,279,207        0        2,279,207        0  
Policy liabilities and Policy account balances (Investment contracts)
      237,702        214,937        0        0        214,937  
Long-term debt
      5,733,118        5,678,828        0        1,705,485        3,973,343  
Accounts payable (Contingent consideration)
      15,259        15,259        0        0        15,259  
Other Liabilities:
               
Derivative liabilities*2
      35,543        35,543        —        —        —  
 
*1
The amount of ¥118,666 million of investment funds measured at net asset value per share is not included.
*2
It represents the amount after offset under counterparty netting of derivative assets and liabilities. For the information of input level before netting, see Note 2 “Fair Value Measurements.”
Input level of fair value measurement
If active market prices are available, fair value measurement is based on quoted active market prices and classified as Level 1. If active market prices are not available, fair value measurement is based on observable inputs other than quoted prices included within Level 1 such as quoted market prices of similar assets and classified as Level 2. If market prices are not available and there are no observable inputs, then fair value is estimated by using valuation models including discounted cash flow methodologies, commonly used option-pricing models and broker quotes and classified as Level 3, as the valuation models and broker quotes are based on inputs that are unobservable in the market.