Estimated Fair Value of Financial Instruments (Tables)

12 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Information about Carrying Amount of Financial Instruments Reported in Consolidated Balance Sheets and Related Market or Fair Value

The following information is provided to help readers gain an understanding of the relationship between carrying amounts of financial instruments reported in the Company’s consolidated balance sheets and the related market or fair value. The disclosures do not include net investment in leases, investment in affiliates accounted for under the equity method, pension obligations and insurance contracts and reinsurance contracts except for those classified as investment contracts.

March 31, 2022

	Millions of yen
	Carrying amount		Estimated fair value		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	¥	954,827	¥	954,827	¥	954,827	¥	0	¥	0
Restricted cash		136,985		136,985		136,985		0		0
Installment loans (net of allowance for credit losses)		3,814,773		3,806,552		0		261,031		3,545,521
Equity securities*1		385,271		385,271		112,200		160,099		112,972
Trading debt securities		2,503		2,503		0		2,503		0
Available-for-sale debt securities		2,174,891		2,174,891		1,095		2,032,736		141,060
Held-to-maturity debt securities		114,312		135,441		0		112,678		22,763
Other Assets:
Time deposits		4,197		4,197		0		4,197		0
Derivative assets*2		31,033		31,033		0		0		0
Reinsurance recoverables (Investment contracts)		6,216		6,049		0		0		6,049
Liabilities:
Short-term debt	¥	439,639	¥	439,639	¥	0	¥	439,639	¥	0
Deposits		2,106,900		2,108,169		0		2,108,169		0
Policy liabilities and Policy account balances (Investment contracts)		178,170		178,159		0		0		178,159
Long-term debt		4,427,046		4,426,629		0		1,456,822		2,969,807
Other Liabilities:
Derivative liabilities*2		85,372		85,372		0		0		0

*1 The amount of ¥25,999 million of investment funds measured at net asset value per share is not included.

*2 It represents the amount after offset under counterparty netting of derivative assets and liabilities. For the information of input level before netting, see Note 2 “Fair Value Measurements.”

March 31, 2023

	Millions of yen
	Carrying amount		Estimated fair value		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	¥	1,231,860	¥	1,231,860	¥	1,231,860	¥	0	¥	0
Restricted cash		135,048		135,048		135,048		0		0
Installment loans (net of allowance for credit losses)		3,829,431		3,807,987		0		128,249		3,679,738
Equity securities*1		379,236		379,236		105,646		133,027		140,563
Trading debt securities		2,179		2,179		0		2,179		0
Available-for-sale debt securities		2,234,608		2,234,608		4,334		1,986,672		243,602
Held-to-maturity debt securities		114,759		129,678		0		108,326		21,352
Certain investment in affiliates		2,511		2,511		0		0		2,511
Other Assets:
Time deposits		4,374		4,374		0		4,374		0
Derivative assets*2		50,346		50,346		0		0		0
Reinsurance recoverables (Investment contracts)		5,301		5,009		0		0		5,009
Liabilities:
Short-term debt	¥	508,796	¥	508,796	¥	0	¥	508,796	¥	0
Deposits		2,086,340		2,087,035		0		2,087,035		0
Policy liabilities and Policy account balances (Investment contracts)		143,407		143,842		0		0		143,842
Long-term debt		5,209,723		5,164,112		0		1,667,119		3,496,993
Other Liabilities:
Derivative liabilities*2		49,314		49,314		0		0		0

*1 The amount of ¥51,263 million of investment funds measured at net asset value per share is not included.

*2 It represents the amount after offset under counterparty netting of derivative assets and liabilities. For the information of input level before netting, see Note 2 “Fair Value Measurements.”