Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Mar. 31, 2021

Equity [Abstract]

Changes in Components of Accumulated Other Comprehensive Income (Loss)

Changes in each component of accumulated other comprehensive income (loss) attributable to ORIX Corporation Shareholders in fiscal 2019, 2020 and 2021 are as follows:

	Millions of yen
	Net unrealized gains (losses) on investment in securities			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, 2018	¥	10,465		¥	0		¥	(20,487	)	¥	(31,806	)	¥	(3,738	)	¥	(45,566	)
Cumulative effect of adopting Accounting Standards Update 2016-01		(3,250	)		351			0			0			0			(2,899	)
Balance at April 1, 2018		7,215			351			(20,487	)		(31,806	)		(3,738	)		(48,465	)
Net unrealized gains (losses) on investment in securities, net of tax of ¥(4,693) million		12,169															12,169
Reclassification adjustment included in net income, net of tax of ¥680 million		(1,954	)														(1,954	)
Debt valuation adjustments, net of tax of ¥(101) million					258												258
Reclassification adjustment included in net income, net of tax of ¥11 million					(27	)											(27	)
Defined benefit pension plans, net of tax of ¥2,821 million								(7,244	)								(7,244	)
Reclassification adjustment included in net income, net of tax of ¥43 million								(102	)								(102	)
Foreign currency translation adjustments, net of tax of ¥(729) million											(11,540	)					(11,540	)
Reclassification adjustment included in net income, net of tax of ¥0 million											3						3
Net unrealized gains (losses) on derivative instruments, net of tax of ¥1,393 million														(4,621	)		(4,621	)
Reclassification adjustment included in net income, net of tax of ¥(135) million														503			503
Total other comprehensive income (loss)		10,215			231			(7,346	)		(11,537	)		(4,118	)		(12,555	)
Transaction with noncontrolling interests		0			0			(126	)		23			0			(103	)
Less: Other Comprehensive Income (Loss) Attributable to the Noncontrolling Interest		41			0			(57	)		(88	)		(2	)		(106	)
Less: Other Comprehensive Income Attributable to the Redeemable Noncontrolling Interests		0			0			0			326			0			326
Balance at March 31, 2019	¥	17,389		¥	582		¥	(27,902	)	¥	(43,558	)	¥	(7,854	)	¥	(61,343	)
Net unrealized gains (losses) on investment in securities, net of tax of ¥5,078 million		(17,637	)														(17,637	)
Reclassification adjustment included in net income, net of tax of ¥1,938 million		(4,819	)														(4,819	)
Debt valuation adjustments, net of tax of ¥(357) million					920												920
Reclassification adjustment included in net income, net of tax of ¥17 million					(45	)											(45	)
Defined benefit pension plans, net of tax of ¥(223) million								886									886
Reclassification adjustment included in net income, net of tax of ¥(225) million								643									643
Foreign currency translation adjustments, net of tax of ¥(6,212) million											(40,605	)					(40,605	)
Reclassification adjustment included in net income, net of tax of ¥(4,064) million											8,941						8,941
Net unrealized gains (losses) on derivative instruments, net of tax of ¥1,511 million														(6,385	)		(6,385	)
Reclassification adjustment included in net income, net of tax of ¥652 million														(2,171	)		(2,171	)
Total other comprehensive income (loss)		(22,456	)		875			1,529			(31,664	)		(8,556	)		(60,272	)
Transaction with noncontrolling interests		0			0			0			4			(2	)		2
Less: Other Comprehensive Income (Loss) Attributable to the Noncontrolling Interests		(66	)		0			2			(2,550	)		(270	)		(2,884	)
Less: Other Comprehensive Income (Loss) Attributable to the Redeemable Noncontrolling Interests		0			0			0			(197	)		0			(197	)
Balance at March 31, 2020	¥	(5,001	)	¥	1,457		¥	(26,375	)	¥	(72,471	)	¥	(16,142	)	¥	(118,532	)

	Millions of yen
	Net unrealized gains (losses) on investment in securities			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, 2020	¥	(5,001	)	¥	1,457		¥	(26,375	)	¥	(72,471	)	¥	(16,142	)	¥	(118,532	)
Net unrealized gains (losses) on investment in securities, net of tax of ¥5,702 million		(11,188	)														(11,188	)
Reclassification adjustment included in net income, net of tax of ¥510 million		6															6
Debt valuation adjustments, net of tax of ¥321 million					(826	)											(826	)
Reclassification adjustment included in net income, net of tax of ¥28 million					(73	)											(73	)
Defined benefit pension plans, net of tax of ¥(2,247) million								4,511									4,511
Reclassification adjustment included in net income, net of tax of ¥(368) million								819									819
Foreign currency translation adjustments, net of tax of ¥14,709 million											32,180						32,180
Reclassification adjustment included in net income, net of tax of ¥(751) million											4,066						4,066
Net unrealized gains (losses) on derivative instruments, net of tax of ¥40 million														(997	)		(997	)
Reclassification adjustment included in net income, net of tax of ¥(1,923) million														5,779			5,779
Total other comprehensive income (loss)		(11,182	)		(899	)		5,330			36,246			4,782			34,277
Less: Other Comprehensive Income Attributable to the Noncontrolling Interests		25			0			28			511			111			675
Less: Other Comprehensive Income (Loss) Attributable to the Redeemable Noncontrolling Interests		0			0			0			(280	)		0			(280	)
Balance at March 31, 2021*	¥	(16,208	)	¥	558		¥	(21,073	)	¥	(36,456	)	¥	(11,471	)	¥	(84,650	)

* As of March 31, 2021, there were no 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) for fiscal 2019, 2020 and 2021 are as follows:

	March 31, 2019
Details about accumulated other comprehensive income components	Reclassification adjustment included in net income			Consolidated statements of income caption
	Millions of yen
Net unrealized gains (losses) on investment in securities
Sales of debt securities	¥	3,460		Gains on investment securities and dividends
Sales of debt securities		1,573		Life insurance premiums and related investment income
Amortization of debt securities		(1,030	)	Finance revenues
Amortization of debt securities		(146	)	Life insurance premiums and related investment income
Others		(1,223	)	Write-downs of securities and other
		2,634		Total before income tax
		(680	)	Income tax (expense) or benefit
	¥	1,954		Net of tax
Debt valuation adjustments
Fulfillment of policy liabilities and amortization of policy account balances	¥	38		Life insurance costs
		38		Total before income tax
		(11	)	Income tax (expense) or benefit
	¥	27		Net of tax
Defined benefit pension plans
Amortization of prior service credit	¥	1,071		See Note 20 “Pension Plans”
Amortization of net actuarial loss		(919	)	See Note 20 “Pension Plans”
Amortization of transition obligation		(7	)	See Note 20 “Pension Plans”
		145		Total before income tax
		(43	)	Income tax (expense) or benefit
	¥	102		Net of tax
Foreign currency translation adjustments
Sales or liquidation	¥	(3	)	Gains on sales of subsidiaries and affiliates and liquidation losses, net
		(3	)	Total before income tax
		0		Income tax (expense) or benefit
	¥	(3	)	Net of tax
Net unrealized gains (losses) on derivative instruments
Interest rate swap agreements	¥	157		Finance revenues/Interest expense
Foreign exchange contracts		(156	)	Other (income) and expense
Foreign currency swap agreements		(639	)	Finance revenues/Interest expense/ Other (income) and expense
		(638	)	Total before income tax
		135		Income tax (expense) or benefit
	¥	(503	)	Net of tax

	March 31, 2020
Details about accumulated other comprehensive income components	Reclassification adjustment included in net income			Consolidated statements of income caption
	Millions of yen
Net unrealized gains (losses) on investment in securities
Sales of debt securities	¥	2,366		Gains on investment securities and dividends
Sales of debt securities		6,710		Life insurance premiums and related investment income
Amortization of debt securities		(1,425	)	Finance revenues
Amortization of debt securities		(894	)	Life insurance premiums and related investment income
		6,757		Total before income tax
		(1,938	)	Income tax (expense) or benefit
	¥	4,819		Net of tax
Debt valuation adjustments
Fulfillment of policy liabilities and amortization of policy account balances	¥	62		Life insurance costs
		62		Total before income tax
		(17	)	Income tax (expense) or benefit
	¥	45		Net of tax
Defined benefit pension plans
Amortization of prior service credit	¥	1,028		See Note 20 “Pension Plans”
Amortization of net actuarial loss		(1,895	)	See Note 20 “Pension Plans”
Amortization of transition obligation		(1	)	See Note 20 “Pension Plans”
		(868	)	Total before income tax
		225		Income tax (expense) or benefit
	¥	(643	)	Net of tax
Foreign currency translation adjustments
Foreign exchange contracts	¥	(5,760	)	Gains on sales of subsidiaries and affiliates and liquidation losses, net/Interest expense/Write-downs of securities
Sales or liquidation, other		(7,245	)	Gains on sales of subsidiaries and affiliates and liquidation losses, net/Write-downs of securities
		(13,005	)	Total before income tax
		4,064		Income tax (expense) or benefit
	¥	(8,941	)	Net of tax
Net unrealized gains (losses) on derivative instruments
Interest rate swap agreements	¥	(775	)	Interest expense
Foreign exchange contracts		(338	)	Interest expense/Other (income) and expense
Foreign currency swap agreements		3,936		Interest expense/Other (income) and expense
		2,823		Total before income tax
		(652	)	Income tax (expense) or benefit
	¥	2,171		Net of tax

	March 31, 2021
Details about accumulated other comprehensive income components	Reclassification adjustment included in net income			Consolidated statements of income caption
	Millions of yen
Net unrealized gains (losses) on investment in securities
Sales of debt securities	¥	2,473		Gains on investment securities and dividends
Sales of debt securities		5,433		Life insurance premiums and related investment income
Amortization of debt securities		(1,468	)	Finance revenues
Amortization of debt securities		(1,340	)	Life insurance premiums and related investment income
Others		(4,594	)	Write-downs of securities
		504		Total before income tax
		(510	)	Income tax (expense) or benefit
	¥	(6	)	Net of tax
Debt valuation adjustments
Fulfillment of policy liabilities and amortization of policy account balances	¥	101		Life insurance costs
		101		Total before income tax
		(28	)	Income tax (expense) or benefit
	¥	73		Net of tax
Defined benefit pension plans
Amortization of prior service credit	¥	447		See Note 20 “Pension Plans”
Amortization of net actuarial loss		(1,633	)	See Note 20 “Pension Plans”
Amortization of transition obligation		(1	)	See Note 20 “Pension Plans”
		(1,187	)	Total before income tax
		368		Income tax (expense) or benefit
	¥	(819	)	Net of tax
Foreign currency translation adjustments
Foreign exchange contracts	¥	(2,057	)	Gains on sales of subsidiaries and affiliates and liquidation losses, net/Interest expense/Other (income) and expense
Sales or liquidation		(2,760	)	Gains on sales of subsidiaries and affiliates and liquidation losses, net
		(4,817	)	Total before income tax
		751		Income tax (expense) or benefit
	¥	(4,066	)	Net of tax
Net unrealized gains (losses) on derivative instruments
Interest rate swap agreements	¥	(1,522	)	Interest expense
Foreign exchange contracts		(242	)	Interest expense/Other (income) and expense
Foreign currency swap agreements		(5,938	)	Interest expense/Other (income) and expense
		(7,702	)	Total before income tax
		1,923		Income tax (expense) or benefit
	¥	(5,779	)	Net of tax