Variable Interest Entities (Tables)

12 Months Ended

Mar. 31, 2018

Variable Interest Entity, Primary Beneficiary

Information about Variable Interest Entities (Consolidated and Non-consolidated)

Informationabout VIEs (consolidated and non-consolidated) for the Company and its subsidiaries are as follows:

1.	Consolidated VIEs

March 31, 2017


	Millions of yen
Types of VIEs	Total *assets1**		Total *liabilities1**		Assets which are pledged as *collateral2**		*Commitments3**
(a) VIEs for liquidating customer assets	¥	0	¥	0	¥	0	¥	0
(b) VIEs for acquisition of real estate and real estate development projects for customers		663		0		0		0
(c) VIEs for acquisition of real estate for the Company and its subsidiaries’ real estate-related business		127,425		39,877		75,382		7,000
(d) VIEs for corporate rehabilitation support business		1,544		16		0		0
(e) VIEs for investment in securities		50,411		2,027		5,567		1,995
(f) VIEs for securitizing financial assets such as direct financing lease receivable and loan receivable		338,138		228,935		307,315		0
(g) VIEs for securitization of loan receivable originated by third parties		18,683		17,202		18,683		0
(h) VIEs for power generation projects		212,153		111,404		127,993		84,227
(i) Other VIEs		202,386		72,447		168,353		0

Total	¥	951,403	¥	471,908	¥	703,293	¥	93,222

March 31, 2018


	Millions of yen
Types of VIEs	Total *assets1**		Total *liabilities1**		Assets which are pledged as *collateral2**		*Commitments3**
(a) VIEs for liquidating customer assets	¥	0	¥	0	¥	0	¥	0
(b) VIEs for acquisition of real estate and real estate development projects for customers		2,181		0		0		0
(c) VIEs for acquisition of real estate for the Company and its subsidiaries’ real estate-related business		103,288		27,892		46,860		0
(d) VIEs for corporate rehabilitation support business		1,057		49		0		0
(e) VIEs for investment in securities		42,456		60		60		0
(f) VIEs for securitizing financial assets such as direct financing lease receivable and loan receivable		116,665		72,219		89,103		0
(g) VIEs for securitization of loan receivable originated by third parties		9,783		10,425		9,783		0
(h) VIEs for power generation projects		236,367		117,906		138,159		85,371
(i) Other VIEs		177,373		67,592		161,729		0

Total	¥	689,170	¥	296,143	¥	445,694	¥	85,371

*1	The assets of most VIEs are used only to repay the liabilities of the VIEs, and the creditors of the liabilities of most 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.

Variable Interest Entity, Not Primary Beneficiary

Information about Variable Interest Entities (Consolidated and Non-consolidated)

2.	Non-consolidated VIEs

March 31, 2017


	Millions of yen
			Carrying amount of the variable interests in the VIEs held by the Company and its subsidiaries
Types of VIEs	Total assets		Non-recourse loans		Investments		Maximum exposure to loss *
(a) VIEs for liquidating customer assets	¥	8,671	¥	0	¥	991	¥	991
(b) VIEs for acquisition of real estate and real estate development projects for customers		96,187		0		11,130		11,194
(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		30,299,519		0		80,211		109,310
(f) VIEs for securitizing financial assets such as direct financing lease receivable and loan receivable		0		0		0		0
(g) VIEs for securitization of loan receivable originated by third parties		1,744,471		0		18,448		18,483
(h) VIEs for power generation projects		12,414		0		1,719		3,729
(i) Other VIEs		319,520		4,864		17,963		25,260

Total	¥	32,480,782	¥	4,864	¥	130,462	¥	168,967

March 31, 2018


	Millions of yen
			Carrying amount of the variable interests in the VIEs held by the Company and its subsidiaries
Types of VIEs	Total assets		Non-recourse loans		Investments		Maximum exposure to loss *
(a) VIEs for liquidating customer assets	¥	8,602	¥	0	¥	991	¥	991
(b) VIEs for acquisition of real estate and real estate development projects for customers		35,812		0		2,424		2,424
(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		19,170,411		0		75,336		108,678
(f) VIEs for securitizing financial assets such as direct financing lease receivable and loan receivable		0		0		0		0
(g) VIEs for securitization of loan receivable originated by third parties		1,355,962		0		16,653		16,670
(h) VIEs for power generation projects		29,539		0		1,920		1,920
(i) Other VIEs		467,259		3,732		23,484		29,813

Total	¥	21,067,585	¥	3,732	¥	120,808	¥	160,496

*	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.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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