XML 24 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF INCOME
In Millions, except Per Share data
12 Months Ended
Mar. 31, 2011
USD ($)
Mar. 31, 2011
JPY (¥)
Mar. 31, 2010
JPY (¥)
Mar. 31, 2009
JPY (¥)
Revenues:        
Direct financing leases $ 617 ¥ 51,320 ¥ 50,004 ¥ 63,275
Operating leases 3,410 283,545 274,266 283,006
Interest on loans and investment securities 2,042 169,808 135,166 196,161
Brokerage commissions and net gains (losses) on investment securities 254 21,120 23,353 (12,544)
Life insurance premiums and related investment income 1,425 118,473 115,598 117,751
Real estate sales 658 54,741 40,669 71,088
Gains on sales of real estate under operating leases 61 5,103 6,841 24,346
Other operating revenues 3,200 266,000 266,397 289,403
Total revenues 11,667 970,110 912,294 1,032,486
Expenses:        
Interest expense 1,485 123,503 82,029 101,919
Costs of operating leases 2,269 188,671 191,173 192,937
Life insurance costs 1,100 91,497 92,348 105,899
Costs of real estate sales 709 58,930 46,757 79,058
Other operating expenses 1,886 156,827 149,872 171,557
Selling, general and administrative expenses 2,463 204,812 218,322 229,066
Provision for doubtful receivables and probable loan losses 374 31,122 71,529 76,985
Write-downs of long-lived assets 227 18,853 6,977 3,673
Write-downs of securities 262 21,749 23,634 18,574
Foreign currency transaction loss (gain), net 3 186 943 (1,361)
Total expenses 10,778 896,150 883,584 978,307
Operating Income 889 73,960 28,710 54,179
Equity in Net Income (loss) of Affiliates 202 16,806 8,364 (40,458)
Gains (losses) on Sales of Subsidiaries and Affiliates and Liquidation Losses, net 15 1,199 17,519 (1,686)
Income before Income Taxes and Discontinued Operations 1,106 91,965 54,593 12,035
Provision for Income Taxes 332 27,617 22,394 (2,598)
Income from Continuing Operations 774 64,348 32,199 14,633
Discontinued Operations:        
Income from discontinued operations, net 163 [1],[2] 13,556 [1],[2] 14,453 [1],[2] 17,883 [1],[2]
Provision for income taxes (64) [2] (5,297) [2] (5,715) [2] (8,719) [2]
Discontinued operations, net of applicable tax effect 99 [2] 8,259 [2] 8,738 [2] 9,164 [2]
Net Income 873 72,607 40,937 23,797
Net Income Attributable to the Noncontrolling Interests 29 2,373 704 1,175
Net Income Attributable to the Redeemable Noncontrolling Interests 35 2,959 2,476 698
Net Income Attributable to ORIX Corporation 809 67,275 37,757 21,924
Income attributable to ORIX Corporation:        
Income from continuing operations 710 59,063 28,984 12,991
Discontinued operations 99 8,212 8,773 8,933
Net Income Attributable to ORIX Corporation $ 809 ¥ 67,275 ¥ 37,757 ¥ 21,924
Basic:        
Income from continuing operations $ 6.61 ¥ 549.49 ¥ 284.43 ¥ 146.11
Discontinued operations $ 0.92 ¥ 76.39 ¥ 86.09 ¥ 100.48
Net income attributable to ORIX Corporation $ 7.53 ¥ 625.88 ¥ 370.52 ¥ 246.59
Diluted:        
Income from continuing operations $ 5.60 ¥ 465.55 ¥ 244.96 ¥ 140.21
Discontinued operations $ 0.75 ¥ 62.20 ¥ 70.95 ¥ 93.60
Net income attributable to ORIX Corporation $ 6.35 ¥ 527.75 ¥ 315.91 ¥ 233.81
Cash Dividends $ 0.90 ¥ 75.00 ¥ 70.00 ¥ 260.00
[1] Income from discontinued operations, net includes aggregate gains on sales of subsidiaries, business units, and rental properties in the amount of ¥19,653 million, ¥14,056 million and ¥14,393 million ($173 million) in fiscal 2009, 2010 and 2011, respectively.
[2] Pursuant to FASB Accounting Standards Codification 205-20 ("Presentation of Financial Statements-Discontinued Operations"), the results of operations which meet the criteria for discontinued operations are reported as a separate component of income, and those related amounts that had been previously reported are reclassified.