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Estimated Fair Value of Financial Instruments (Tables)

12 Months Ended

Mar. 31, 2025

Information about Carrying Amount of Financial Instruments Reported in Consolidated Balance Sheets and Related Market or Fair Value

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.”