Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Sep. 30, 2025

Changes in each component of accumulated other comprehensive income (loss)

Changes in each component of accumulated other comprehensive income (loss) attributable to ORIX Corporation Shareholders for the six months ended September 30, 2024 and 2025, are as follows:


	Six months ended September 30, 2024
	Millions of yen
	Net unrealized gains (losses) on investment in securities			Impact of changes in policy liability discount rate		Debt valuation adjustments			Defined benefit pension plans			Foreign currency translation adjustments			Net unrealized gains (losses) on derivative instruments			Accumulated other comprehensive income (loss)
Balance at March 31, 2024	¥	(250,806	)	¥	257,785	¥	84		¥	9,670		¥	324,208		¥	16,207		¥	357,148

Net unrealized gains (losses) on investment in securities, net of tax of ¥21,373 million		(51,324	)																(51,324	)
Reclassification adjustment included in net income, net of tax of ¥1,380 million		(3,432	)																(3,432	)
Impact of changes in policy liability discount rate, net of tax of ¥92 million					2,741														2,741
Debt valuation adjustments, net of tax of ¥28 million							(74	)											(74	)
Reclassification adjustment included in net income, net of tax of ¥1 million							(1	)											(1	)
Defined benefit pension plans, net of tax of ¥178 million										(352	)								(352	)
Reclassification adjustment included in net income, net of tax of ¥70 million										(174	)								(174	)
Foreign currency translation adjustments, net of tax of ¥(2,971) million													(68,723	)					(68,723	)
Reclassification adjustment included in net income, net of tax of ¥(2,332) million													5,190						5,190
Net unrealized gains (losses) on derivative instruments, net of tax of ¥2,552 million																(13,062	)		(13,062	)
Reclassification adjustment included in net income, net of tax of ¥(1,397)million																4,833			4,833

Total other comprehensive income (loss)		(54,756	)		2,741		(75	)		(526	)		(63,533	)		(8,229	)		(124,378	)

Less: Other Comprehensive Loss Attributable to the Noncontrolling Interests		0			0		0			(1	)		(1,153	)		(5	)		(1,159	)

Less: Other Comprehensive Loss Attributable to the Redeemable Noncontrolling Interests		(12	)		0		0			0			(157	)		0			(169	)

Balance at September 30, 2024 *	¥	(305,550	)	¥	260,526	¥	9		¥	9,145		¥	261,985		¥	7,983		¥	234,098

*	As of September 30, 2024, net unrealized gains (losses) on investment in securities contained ¥(39) million (net of tax of ¥15 million ) of net unrealized gains (losses) on investment in securities related to available-for-sale debt securities with allowance for credit losses.


	Six months ended September 30, 2025
	Millions of yen
	Net unrealized gains (losses) on investment in securities			Impact of changes in policy liability discount rate		Debt valuation adjustments			Defined benefit pension plans			Foreign currency translation adjustments			Net unrealized gains (losses) on derivative instruments			Accumulated other comprehensive income (loss)
Balance at March 31, 2025	¥	(403,914	)	¥	416,124	¥	49		¥	14,791		¥	304,657		¥	9,591		¥	341,298

Net unrealized gains (losses) on investment in securities, net of tax of ¥33,944 million		(83,351	)																(83,351	)
Reclassification adjustment included in net income, net of tax of ¥1,767 million		(4,714	)																(4,714	)
Impact of changes in policy liability discount rate, net of tax of ¥(108,460) million					311,459														311,459
Debt valuation adjustments, net of tax of ¥(78 ) million							192												192
Reclassification adjustment included in net income, net of tax of ¥1 million							(4	)											(4	)
Defined benefit pension plans, net of tax of ¥ (2,580 ) million										5,716									5,716
Reclassification adjustment included in net income, net of tax of ¥69 million										(171	)								(171	)
Foreign currency translation adjustments, net of tax of ¥14,315 million													1,701						1,701
Reclassification adjustment included in net income, net of tax of ¥ 3,134 million													(6,689	)					(6,689	)
Net unrealized gains (losses) on derivative instruments, net of tax of ¥(13 ) million																(3,585	)		(3,585	)
Reclassification adjustment included in net income, net of tax of ¥ 1,417 million																(3,508	)		(3,508	)

Total other comprehensive income (loss)		(88,065	)		311,459		188			5,545			(4,988	)		(7,093	)		217,046
Transaction with noncontrolling interests		0			0		0			0			28			0			28
Less: Other Comprehensive Income (Loss) Attributable to the Noncontrolling Interests		0			0		0			(3)			(614	)		(31	)		(648	)

Less: Other Comprehensive Loss Attributable to the Redeemable Noncontrolling Interests		(6	)		0		0			0			402			0			396

Balance at September 30, 2025 *	¥	(491,973	)	¥	727,583	¥	237		¥	20,339		¥	299,909		¥	2,529		¥	558,624

*	As of September 30, 2025, net unrealized gains (losses) on investment in securities contained ¥(186) million (net of tax of ¥28 million ) of net unrealized gains (losses) on investment in securities related to available-for-sale debt securities with allowance for credit losses.

Amounts Reclassified to Net Income from Accumulated Other Comprehensive Income (loss)

Amounts reclassified to net income from accumulated other comprehensive income (loss) in the six months ended September 30, 2024 and 2025 are as follows:


	Six months ended September 30, 2024
Details about accumulated other comprehensive income components	Reclassification adjustment included in net income
	Millions of yen			Consolidated statements of income caption
Net unrealized gains (losses) on investment in securities
Sales of debt securities	¥	750		Gains on investment securities and dividends
Sales of debt securities		(113	)	Life insurance premiums and related investment income
Amortization of debt securities		1,250		Finance revenues
Amortization of debt securities		2,925		Life insurance premiums and related investment income

		4,812		Total before income tax
		(1,380	)	Income tax (expense) or benefit

	¥	3,432		Net of tax

Debt valuation adjustments
Fulfillment of policy liabilities and amortization of policy account balances	¥	2		Life insurance costs

		2		Total before income tax
		(1	)	Income tax (expense) or benefit

	¥	1		Net of tax

Defined benefit pension plans
Amortization of prior service credit	¥	198		See Note 16 “Pension Plans”
Amortization of net actuarial loss		47		See Note 16 “Pension Plans”
Amortization of transition obligation		(1	)	See Note 16 “Pension Plans”

		244		Total before income tax
		(70	)	Income tax (expense) or benefit

	¥	174		Net of tax

Foreign currency translation adjustments
Foreign exchange contracts	¥	(8,425	)	Gains on sales of subsidiaries and equity method investments and liquidation losses, net/Interest expense
Sales or liquidation		903		Gains on sales of subsidiaries and equity method investments and liquidation losses, net

		(7,522	)	Total before income tax
		2,332		Income tax (expense) or benefit

	¥	(5,190	)	Net of tax

Net unrealized gains (losses) on derivative instruments
Interest rate swap agreements	¥	68		Interest expense
Foreign currency swap agreements		(6,294	)	Interest expense/Other (income) and expense
Options held/written and other		(4	)	Life insurance premiums and related investment income

		(6,230	)	Total before income tax
		1,397		Income tax (expense) or benefit

	¥	(4,833	)	Net of tax


	Six months ended September 30, 2025
Details about accumulated other comprehensive income components	Reclassification adjustment included in net income
	Millions of yen			Consolidated statements of income caption
Net unrealized gains (losses) on investment in securities
Sales of debt securities	¥	(3,879	)	Gains on investment securities and dividends
Sales of debt securities		571		Life insurance premiums and related investment income
Amortization of debt securities		3,666		Finance revenues
Amortization of debt securities		6,240		Life insurance premiums and related investment income
Others		(117	)	Write-downs of securities

		6,481		Total before income tax
		(1,767	)	Income tax (expense) or benefit

	¥	4,714		Net of tax

Debt valuation adjustments
Fulfillment of policy liabilities and amortization of policy account balances	¥	5		Life insurance costs

		5		Total before income tax
		(1	)	Income tax (expense) or benefit

	¥	4		Net of tax

Defined benefit pension plans
Amortization of prior service credit	¥	169		See Note 16 “Pension Plans”
Amortization of net actuarial loss		71		See Note 16 “Pension Plans”
Amortization of transition obligation		0		See Note 16 “Pension Plans”

		240		Total before income tax
		(69	)	Income tax (expense) or benefit

	¥	171		Net of tax

Foreign currency translation adjustments
Foreign exchange contracts	¥	2,781		Gains on sales of subsidiaries and equity method investments and liquidation losses, net/Interest expense
Sales or liquidation		7,042		Gains on sales of subsidiaries and equity method investments and liquidation losses, net

		9,823		Total before income tax
		(3,134	)	Income tax (expense) or benefit

	¥	6,689		Net of tax

Net unrealized gains (losses) on derivative instruments
Interest rate swap agreements	¥	121		Interest expense
Foreign exchange contracts		3,072		Interest expense/Other (income) and expense
Foreign currency swap agreements		1,782		Interest expense/Other (income) and expense
Options held/written and other		(50	)	Life insurance premiums and related investment income

		4,925		Total before income tax
		(1,417	)	Income tax (expense) or benefit

	¥	3,508		Net of tax