XML 87 R77.htm IDEA: XBRL DOCUMENT v3.25.2
Fair Value Measurements (Recorded Amounts of Major Financial Assets and Liabilities Measured at Fair Value on Recurring Basis) (Parenthetical) (Detail) - JPY (¥)
¥ in Millions
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]      
Aggregate loan fair value ¥ 97,694 ¥ 129,959  
Other assets 2,586 2,786  
Policy liabilities and Policy Account Balances 136,257 167,207  
Reinsurance recoverables      
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]      
Other assets 2,586 2,786  
Variable Annuity and Variable Life Insurance Contracts      
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]      
Policy liabilities and Policy Account Balances 136,257 167,207  
Fair Value, Measurements, Recurring      
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]      
Aggregate loan fair value [1] 97,694 129,959  
Other assets 2,586 2,786  
Policy liabilities and Policy Account Balances 136,257 167,207  
Fair Value, Measurements, Recurring | Reinsurance recoverables      
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]      
Other assets [2] 2,586 2,786  
Fair Value, Measurements, Recurring | Variable Annuity and Variable Life Insurance Contracts      
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]      
Policy liabilities and Policy Account Balances [3] 136,257 167,207  
Fair Value, Measurements, Recurring | Loans Held-for-Sale      
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]      
Gain (loss) from change in fair value (1,052) 428 ¥ (2,429)
Gains (losses) from changes in instrument-specific credit risk 0 0 0
Aggregate unpaid loan principal balance 98,135 130,554  
Aggregate loan fair value 97,694 129,959  
Amount by which aggregate fair value of loan was less than aggregate unpaid loan principal balance 441 595  
Fair Value, Measurements, Recurring | Japanese and foreign government bond securities      
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]      
Gain (loss) from change in fair value (59) (6) (11)
Fair Value, Measurements, Recurring | Japanese and foreign government bond securities | Fair value option      
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]      
Amounts aggregate fair value elected fair value option 5,379 1,000  
Fair Value, Measurements, Recurring | Corporate debt securities      
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]      
Gain (loss) from change in fair value 441 399 (516)
Fair Value, Measurements, Recurring | Corporate debt securities | Fair value option      
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]      
Amounts aggregate fair value elected fair value option 10,679 7,751  
Fair Value, Measurements, Recurring | Equity securities      
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]      
Gain (loss) from change in fair value 1,954 3,269 ¥ 1,066
Fair Value, Measurements, Recurring | Equity securities | Fair value option      
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]      
Amounts aggregate fair value elected fair value option 24,960 26,945  
Amounts investment funds measured at net asset value per share are not included in above tables 118,666 ¥ 85,280  
Fair Value, Measurements, Recurring | 90 Days or More Past Due | Loans Held-for-Sale      
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]      
Aggregate unpaid loan principal balance 17,098    
Aggregate loan fair value 16,346    
Amount by which aggregate fair value of loan was less than aggregate unpaid loan principal balance ¥ 752    
[1] A certain subsidiary elected the fair value option on certain loans held for sale. These loans are multi-family and seniors housing loans and are sold to Federal National Mortgage Association (“Fannie Mae”), Federal Home Loan Mortgage Corporation (“Freddie Mac”) and institutional investors. Included in “Other (income) and expense” in the consolidated statements of income were a loss of ¥2,429 million, a gain of ¥428 million and a loss of ¥1,052 million from the change in the fair value of the loans for fiscal 2023, 2024 and 2025,respectively. No gains or losses were recognized in earnings during fiscal 2023, 2024 and 2025 attributable to changes in instrument-specific credit risk. The amounts of aggregate unpaid principal balance and aggregate fair value of the loans held for sale as of March 31, 2024, were ¥130,554 million and ¥129,959 million, respectively, and the amount of the aggregate fair value was less than the amount of aggregate unpaid principal balance by ¥595 million. The amounts of aggregate unpaid principal balance and aggregate fair value of the loans held for sale as of March 31, 2025, were ¥98,135 million and ¥97,694 million, respectively, and the amount of the aggregate fair value was less than the amount of aggregate unpaid principal balance by ¥441 million. As of March 31, 2024, there were no loans that are 90 days or more past due or, in non-accrual status. The amounts of aggregate unpaid principal balance and aggregate fair value of loans that are 90 days or more past due or, in non-accrual status as of March 31, 2025, were ¥17,098 million and ¥16,346 million, respectively, and the amount of the aggregate fair value was less than the amount of aggregate unpaid principal balance by ¥752 million.
[2] Certain subsidiaries elected the fair value option for certain reinsurance contracts held. The fair value of the reinsurance contracts elected for the fair value option in other assets were ¥2,786 million and ¥2,586 million as of March 31, 2024 and 2025, respectively. For the effect of changes in the fair value of those reinsurance contracts on earnings for fiscal 2023, 2024 and 2025, see Note 23 “Income and Expenses Relating to Life Insurance Operations.”
[3] Certain subsidiaries elected the fair value option for the entire variable annuity and variable life insurance contracts held. The fair value of the variable annuity and variable life insurance contracts elected for the fair value option in policy liabilities and policy account balances were ¥167,207 million and ¥136,257 million as of March 31, 2024 and 2025, respectively. For the effect of changes in the fair value of the variable annuity and variable life insurance contracts on earnings for fiscal 2023, 2024 and 2025, see Note 23 “Income and Expenses Relating to Life Insurance Operations.”