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Fair Value Measurements (Recorded Amounts of Major Financial Assets and Liabilities Measured at Fair Value on Recurring Basis) (Detail) - JPY (¥)
¥ in Millions
Mar. 31, 2023
Mar. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Loans held for sale ¥ 197,041 ¥ 151,601
Trading debt securities 2,179 2,503
Available-for-sale debt securities 2,234,608 2,174,891
Certain investment in affiliates 2,511 0
Derivative assets, gross amounts recognized 72,398 51,366
Netting (22,052) (20,333)
Net derivative assets ¥ 50,346 ¥ 31,033
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Assets Assets
Other assets ¥ 4,676 ¥ 5,214
Derivative liabilities, gross amounts recognized 71,366 105,705
Netting (22,052) (20,333)
Net derivative Liabilities 49,314 85,372
Policy liabilities and Policy Account Balances 163,734 198,905
Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Loans held for sale [1] 197,041 151,601
Trading debt securities 2,179 2,503
Available-for-sale debt securities 2,234,608 2,174,891
Equity securities [2],[3] 379,236 385,271
Certain investment in affiliates [4] 2,511  
Derivative assets, gross amounts recognized 72,398 51,366
Netting [5] (22,052) (20,333)
Net derivative assets 50,346 31,033
Other assets 4,676 5,214
Total financial assets 2,892,649 2,770,846
Derivative liabilities, gross amounts recognized 71,366 105,705
Netting [5] (22,052) (20,333)
Net derivative Liabilities 49,314 85,372
Policy liabilities and Policy Account Balances 163,734 198,905
Total financial liabilities 235,100 304,610
Interest rate swap agreements | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 22,798 9,570
Derivative liabilities, gross amounts recognized 3,319 8,182
Options held/written and other | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 30,487 25,664
Derivative liabilities, gross amounts recognized 28,423 21,562
Futures, foreign exchange contracts | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 17,785 16,006
Derivative liabilities, gross amounts recognized 37,195 71,443
Foreign currency swap agreements | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 1,325 126
Derivative liabilities, gross amounts recognized 2,426 4,518
Credit derivatives held | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 3  
Credit derivatives written | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative liabilities, gross amounts recognized 3  
Reinsurance Recoverable    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Policy liabilities and Policy Account Balances 4,676 5,214
Reinsurance Recoverable | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Other assets [6] 4,676 5,214
Variable Annuity and Variable Life Insurance Contracts    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Policy liabilities and Policy Account Balances 163,734 198,905
Variable Annuity and Variable Life Insurance Contracts | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Policy liabilities and Policy Account Balances [7] 163,734 198,905
Japanese and foreign government bond securities    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 801,295 832,613
Japanese and foreign government bond securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities [8] 801,295 832,613
Japanese prefectural and foreign municipal bond securities    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 369,246 325,604
Japanese prefectural and foreign municipal bond securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 369,246 325,604
Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 784,388 849,560
Corporate debt securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities [9] 784,388 849,560
CMBS and RMBS in the Americas | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 43,173 28,732
Other asset-backed securities and debt securities    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 236,506 138,382
Other asset-backed securities and debt securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 236,506 138,382
Level 1    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Trading debt securities 0 0
Available-for-sale debt securities 4,334 1,095
Certain investment in affiliates 0  
Net derivative assets [10] 0 0
Net derivative Liabilities [10] 0 0
Level 1 | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Loans held for sale [1] 0 0
Trading debt securities 0 0
Available-for-sale debt securities 4,334 1,095
Equity securities [2],[3] 105,646 112,200
Certain investment in affiliates [4] 0  
Derivative assets, gross amounts recognized 203 292
Netting [5] 0 0
Net derivative assets 0 0
Other assets 0 0
Total financial assets 110,183 113,587
Derivative liabilities, gross amounts recognized 1,484 2,026
Netting [5] 0 0
Net derivative Liabilities 0 0
Policy liabilities and Policy Account Balances 0 0
Total financial liabilities 1,484 2,026
Level 1 | Interest rate swap agreements | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 0 0
Derivative liabilities, gross amounts recognized 0 0
Level 1 | Options held/written and other | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 0 0
Derivative liabilities, gross amounts recognized 0 0
Level 1 | Futures, foreign exchange contracts | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 203 292
Derivative liabilities, gross amounts recognized 1,484 2,026
Level 1 | Foreign currency swap agreements | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 0 0
Derivative liabilities, gross amounts recognized 0 0
Level 1 | Credit derivatives held | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 0  
Level 1 | Credit derivatives written | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative liabilities, gross amounts recognized 0  
Level 1 | Reinsurance Recoverable | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Other assets [6] 0 0
Level 1 | Variable Annuity and Variable Life Insurance Contracts | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Policy liabilities and Policy Account Balances [7] 0 0
Level 1 | Japanese and foreign government bond securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities [8] 3,004 1,095
Level 1 | Japanese prefectural and foreign municipal bond securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 0 0
Level 1 | Corporate debt securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities [9] 1,330 0
Level 1 | CMBS and RMBS in the Americas | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 0 0
Level 1 | Other asset-backed securities and debt securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 0 0
Level 2    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Trading debt securities 2,179 2,503
Available-for-sale debt securities 1,986,672 2,032,736
Certain investment in affiliates 0  
Net derivative assets [10] 0 0
Net derivative Liabilities [10] 0 0
Level 2 | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Loans held for sale [1] 23,192 151,601
Trading debt securities 2,179 2,503
Available-for-sale debt securities 1,986,672 2,032,736
Equity securities [2],[3] 133,027 160,099
Certain investment in affiliates [4] 0  
Derivative assets, gross amounts recognized 65,377 46,214
Netting [5] 0 0
Net derivative assets 0 0
Other assets 0 0
Total financial assets 2,210,447 2,393,153
Derivative liabilities, gross amounts recognized 55,240 95,047
Netting [5] 0 0
Net derivative Liabilities 0 0
Policy liabilities and Policy Account Balances 0 0
Total financial liabilities 55,240 95,047
Level 2 | Interest rate swap agreements | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 22,798 9,570
Derivative liabilities, gross amounts recognized 3,319 8,182
Level 2 | Options held/written and other | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 23,669 20,804
Derivative liabilities, gross amounts recognized 13,781 12,930
Level 2 | Futures, foreign exchange contracts | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 17,582 15,714
Derivative liabilities, gross amounts recognized 35,711 69,417
Level 2 | Foreign currency swap agreements | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 1,325 126
Derivative liabilities, gross amounts recognized 2,426 4,518
Level 2 | Credit derivatives held | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 3  
Level 2 | Credit derivatives written | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative liabilities, gross amounts recognized 3  
Level 2 | Reinsurance Recoverable | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Other assets [6] 0 0
Level 2 | Variable Annuity and Variable Life Insurance Contracts | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Policy liabilities and Policy Account Balances [7] 0 0
Level 2 | Japanese and foreign government bond securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities [8] 798,291 831,518
Level 2 | Japanese prefectural and foreign municipal bond securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 365,915 322,551
Level 2 | Corporate debt securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities [9] 778,321 848,863
Level 2 | CMBS and RMBS in the Americas | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 43,173 28,732
Level 2 | Other asset-backed securities and debt securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 972 1,072
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Trading debt securities 0 0
Available-for-sale debt securities 243,602 141,060
Certain investment in affiliates 2,511  
Net derivative assets [10] 0 0
Net derivative Liabilities [10] 0 0
Level 3 | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Loans held for sale [1] 173,849 0
Trading debt securities 0 0
Available-for-sale debt securities 243,602 141,060
Equity securities [2],[3] 140,563 112,972
Certain investment in affiliates [4] 2,511  
Derivative assets, gross amounts recognized 6,818 4,860
Netting [5] 0 0
Net derivative assets 0 0
Other assets 4,676 5,214
Total financial assets 572,019 264,106
Derivative liabilities, gross amounts recognized 14,642 8,632
Netting [5] 0 0
Net derivative Liabilities 0 0
Policy liabilities and Policy Account Balances 163,734 198,905
Total financial liabilities 178,376 207,537
Level 3 | Interest rate swap agreements | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 0 0
Derivative liabilities, gross amounts recognized 0 0
Level 3 | Options held/written and other | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 6,818 4,860
Derivative liabilities, gross amounts recognized 14,642 8,632
Level 3 | Futures, foreign exchange contracts | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 0 0
Derivative liabilities, gross amounts recognized 0 0
Level 3 | Foreign currency swap agreements | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 0 0
Derivative liabilities, gross amounts recognized 0 0
Level 3 | Credit derivatives held | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 0  
Level 3 | Credit derivatives written | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative liabilities, gross amounts recognized 0  
Level 3 | Reinsurance Recoverable | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Other assets [6] 4,676 5,214
Level 3 | Variable Annuity and Variable Life Insurance Contracts | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Policy liabilities and Policy Account Balances [7] 163,734 198,905
Level 3 | Japanese and foreign government bond securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities [8] 0 0
Level 3 | Japanese prefectural and foreign municipal bond securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 3,331 3,053
Level 3 | Corporate debt securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities [9] 4,737 697
Level 3 | CMBS and RMBS in the Americas | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 0 0
Level 3 | Other asset-backed securities and debt securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities ¥ 235,534 ¥ 137,310
[1] A certain subsidiary elected the fair value option on certain loans held for sale. These loans are multi-family and seniors housing loans and are sold to Federal National Mortgage Association (“Fannie Mae”), Federal Home Loan Mortgage Corporation (“Freddie Mac”) and institutional investors. Included in “Other (income) and expense” in the consolidated statements of income were losses of ¥3,260 million, ¥2,982 million and ¥2,429 million from the change in the fair value of the loans for fiscal 2021, 2022 and 2023, respectively. No gains or losses were recognized in earnings during fiscal 2021, 2022 and 2023 attributable to changes in instrument-specific credit risk. The amounts of aggregate unpaid principal balance and aggregate fair value of the loans held for sale as of March 31, 2022, were ¥151,672 million and ¥151,601 million, respectively, and the amount of the aggregate fair value was less than the amount of aggregate unpaid principal balance by ¥71 million. The amounts of aggregate unpaid principal balance and aggregate fair value of the loans held for sale as of March 31, 2023, were ¥199,674 million and ¥197,041 million, respectively, and the amount of the aggregate fair value was less than the amount of aggregate unpaid principal balance by ¥2,633 million. As of March 31, 2022 and 2023, there were no loans that are 90 days or more past due or, in non-accrual status.
[2] Certain subsidiaries elected the fair value option for certain investments in investment funds, and others included in equity securities. Included in “Gains on investment securities and dividends” and “Life insurance premiums and related investment income” in the consolidated statements of income were gains of ¥3,187 million, ¥1,199 million and ¥1,066 million from the change in the fair value of those investments for fiscal 2021, 2022 and 2023, respectively. The amounts of aggregate fair value elected the fair value option were ¥11,709 million and ¥16,032 million as of March 31, 2022 and 2023, respectively.
[3] The amounts of investment funds measured at net asset value per share which are not included in the above tables were ¥25,999 million and ¥51,263 million as of March 31, 2022 and 2023, respectively.
[4] A certain subsidiary elected the fair value option for certain investment in affiliates. No gains or losses were recognized in earnings from the change in the fair value of those investments for fiscal 2021, 2022 and 2023. There were no such investments elected the fair value option as of March 31, 2022. The amounts of aggregate fair value elected the fair value option were ¥2,511million as of March 31, 2023.
[5] It represents the amount offset under counterparty netting of derivative assets and liabilities.
[6] Certain subsidiaries elected the fair value option for certain reinsurance contracts held. The fair value of the reinsurance contracts elected for the fair value option in other assets were ¥5,214 million and ¥4,676 million as of March 31, 2022 and 2023, respectively. For the effect of changes in the fair value of those reinsurance contracts on earnings for fiscal 2021, 2022 and 2023, see Note 23 “Life Insurance Operations.”
[7] Certain subsidiaries elected the fair value option for the entire variable annuity and variable life insurance contracts held. The fair value of the variable annuity and variable life insurance contracts elected for the fair value option in policy liabilities and policy account balances were ¥198,905 million and ¥163,734 million as of March 31, 2022 and 2023, respectively. For the effect of changes in the fair value of the variable annuity and variable life insurance contracts on earnings for fiscal 2021, 2022 and 2023, see Note 23 “Life Insurance Operations.”
[8] A certain subsidiary elected the fair value option for investments in foreign government bond securities included in available-for-sale debt securities. Included in “Gains on investment securities and dividends” in the consolidated statements of income were a loss of ¥28 million, a gain of ¥51 million and a loss of ¥11 million from the change in the fair value of those investments for fiscal 2021, 2022 and 2023, respectively. There were no such investments elected the fair value option as of March 31, 2022.The amount of aggregate fair value elected the fair value option was ¥237 million as of March 31, 2023.
[9] A certain subsidiary elected the fair value option for investments in foreign corporate debt securities included in available-for-sale debt securities. Included in “Gains on investment securities and dividends” in the consolidated statements of income were a gain of ¥1,080 million and losses of ¥365 million and ¥516 million from the change in the fair value of those investments for fiscal 2021, 2022 and 2023, respectively. The amounts of aggregate fair value elected the fair value option were ¥7,644 million and ¥6,605 million as of March 31, 2022 and 2023, respectively.
[10] 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.”