Variable Interest Entities (Tables)

12 Months Ended

Mar. 31, 2011

Information about VIEs for the Company and its subsidiaries are as follows:

1.	Consolidated VIEs

March 31, 2010 (4)


	Millions of yen
Types of VIEs:	Total assets (1)		Total liabilities (1)		Assets which are pledged as collateral (2)		Commitments (3)
(a) VIEs for liquidating customer assets	¥	0	¥	0	¥	0	¥	0
(b) VIEs for acquisition of real estate and real estate development projects for customers		17,817		9,245		10,980		0
(c) VIEs for acquisition of real estate for the Company and its subsidiaries’ real estate-related business		389,343		102,960		156,922		2,680
(d) VIEs for corporate rehabilitation support business		15,462		0		475		0
(e) VIEs for investment in securities		23,804		9,342		0		1,596
(f) VIEs for securitizing financial assets such as direct financing lease receivable and loan receivable		292,049		202,224		292,049		0
(g) VIEs for securitization of commercial mortgage loans originated by third parties		0		0		0		0
(h) Other VIEs		6,937		0		0		0

Total	¥	745,412	¥	323,771	¥	460,426	¥	4,276

March 31, 2011


	Millions of yen
Types of VIEs:	Total assets (1)		Total liabilities (1)		Assets which are pledged as collateral (2)		Commitments (3)
(a) VIEs for liquidating customer assets	¥	5,222	¥	3,846	¥	5,222	¥	0
(b) VIEs for acquisition of real estate and real estate development projects for customers		16,051		4,493		5,660		0
(c) VIEs for acquisition of real estate for the Company and its subsidiaries’ real estate-related business		343,394		120,908		226,319		1,076
(d) VIEs for corporate rehabilitation support business		15,988		142		0		0
(e) VIEs for investment in securities		83,694		13,675		33,169		1,491
(f) VIEs for securitizing financial assets such as direct financing lease receivable and loan receivable		505,421		352,034		505,421		0
(g) VIEs for securitization of commercial mortgage loans originated by third parties		669,375		671,349		660,237		0
(h) Other VIEs		154,176		66,529		139,260		4,140

Total	¥	1,793,321	¥	1,232,976	¥	1,575,288	¥	6,707

March 31, 2011


	Millions of U.S. dollars
Types of VIEs:	Total assets (1)		Total liabilities (1)		Assets which are pledged as collateral (2)		Commitments (3)
(a) VIEs for liquidating customer assets	$	63	$	46	$	63	$	0
(b) VIEs for acquisition of real estate and real estate development projects for customers		193		54		68		0
(c) VIEs for acquisition of real estate for the Company and its subsidiaries’ real estate-related business		4,130		1,454		2,722		13
(d) VIEs for corporate rehabilitation support business		192		2		0		0
(e) VIEs for investment in securities		1,007		164		399		18
(f) VIEs for securitizing financial assets such as direct financing lease receivable and loan receivable		6,078		4,234		6,078		0
(g) VIEs for securitization of commercial mortgage loans originated by third parties		8,050		8,074		7,940		0
(h) Other VIEs		1,854		800		1,675		50

Total	$	21,567	$	14,828	$	18,945	$	81


Note:		(1) The assets of most VIEs are used only to repay the liabilities of the VIEs, and the creditors of the liabilities of the VIEs have no recourse to other assets of the Company and its subsidiaries.
		(2) The assets are pledged as collateral by VIE for financing of the VIE.
		(3) This item represents remaining balance of commitments that could require the Company and its subsidiaries to provide investments or loans to the VIE.
		(4) Until March 31, 2010, the Company and its subsidiaries had made disclosures according to ASC810-10 before amendment.

2.	Non-consolidated VIEs

March 31, 2010 (4)


	Millions of yen
	Total assets		Carrying amount of the variable interests in the VIEs held by the Company and its subsidiaries				Maximum exposure to loss (5)
Types of VIEs:	Total assets		Specified bonds and non-recourse loans		Investments		Maximum exposure to loss (5)
(a) VIEs for liquidating customer assets	¥	80,585	¥	2,540	¥	10,075	¥	12,615
(b) VIEs for acquisition of real estate and real estate development projects for customers		622,872		17,323		41,858		106,469
(c) VIEs for acquisition of real estate for the Company and its subsidiaries’ real estate-related business		0		0		0		0
(d) VIEs for corporate rehabilitation support business		0		0		0		0
(e) VIEs for investment in securities		0		0		0		0
(f) VIEs for securitizing financial assets such as direct financing lease receivable and loan receivable		0		0		0		0
(g) VIEs for securitization of commercial mortgage loans by third parties		0		0		0		0
(h) Other VIEs		0		0		0		0

Total	¥	703,457	¥	19,863	¥	51,933	¥	119,084

March 31, 2011


	Millions of yen
Types of VIEs:	Total assets		Carrying amount of the variable interests in the VIEs held by the Company and its subsidiaries				Maximum exposure to loss (5)
Types of VIEs:	Total assets		Specified bonds and non-recourse loans		Investments		Maximum exposure to loss (5)
(a) VIEs for liquidating customer assets	¥	66,710	¥	1,073	¥	6,979	¥	8,052
(b) VIEs for acquisition of real estate and real estate development projects for customers		1,090,147		174,380		52,850		260,935
(c) VIEs for acquisition of real estate for the Company and its subsidiaries’ real estate-related business		0		0		0		0
(d) VIEs for corporate rehabilitation support business		0		0		0		0
(e) VIEs for investment in securities		1,143,069		0		22,349		37,287
(f) VIEs for securitizing financial assets such as direct financing lease receivable and loan receivable		0		0		0		0
(g) VIEs for securitization of commercial mortgage loans originated by third parties		2,535,037		4,000		25,493		31,478
(h) Other VIEs		83,811		697		3,132		3,829

Total	¥	4,918,774	¥	180,150	¥	110,803	¥	341,581

March 31, 2011


	Millions of U.S. dollars
Types of VIEs:	Total assets		Carrying amount of the variable interests in the VIEs held by the Company and its subsidiaries				Maximum exposure to loss (5)
Types of VIEs:	Total assets		Specified bonds and non-recourse loans		Investments		Maximum exposure to loss (5)
(a) VIEs for liquidating customer assets	$	802	$	13	$	84	$	97
(b) VIEs for acquisition of real estate and real estate development projects for customers		13,111		2,097		635		3,138
(c) VIEs for acquisition of real estate for the Company and its subsidiaries’ real estate-related business		0		0		0		0
(d) VIEs for corporate rehabilitation support business		0		0		0		0
(e) VIEs for investment in securities		13,747		0		269		449
(f) VIEs for securitizing financial assets such as direct financing lease receivable and loan receivable		0		0		0		0
(g) VIEs for securitization of commercial mortgage loans originated by third parties		30,487		48		307		378
(h) Other VIEs		1,008		9		38		46

Total	$	59,155	$	2,167	$	1,333	$	4,108


Note:		(5) Maximum exposure to loss includes remaining balance of commitments that could require the Company and its subsidiaries to provide investments or loans to the VIE.