Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Mar. 31, 2024

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 2022, 2023 and 2024 are as follows:

	Millions of yen
	Net unrealized gains (losses) on investment in securities			Impact of changes in policy liability discount rate			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, 2021	¥	(16,208	)	¥	–		¥	558		¥	(21,073	)	¥	(36,456	)	¥	(11,471	)	¥	(84,650	)
Cumulative effect of adopting Accounting standards Update 2018-12, net of tax of ¥4,296 million				¥	(24,641	)													¥	(24,641	)
Balance at April 1, 2021	¥	(16,208	)	¥	(24,641	)	¥	558		¥	(21,073	)	¥	(36,456	)	¥	(11,471	)	¥	(109,291	)
Net unrealized gains (losses) on investment in securities, net of tax of ¥21,836 million		(52,477	)																	(52,477	)
Reclassification adjustment included in net income, net of tax of ¥61 million		(4,207	)																	(4,207	)
Impact of changes in policy liability discount rate, net of tax of ¥(23,126) million					62,177															62,177
Debt valuation adjustments, net of tax of ¥121 million								(311	)											(311	)
Reclassification adjustment included in net income, net of tax of ¥10 million								(26	)											(26	)
Defined benefit pension plans, net of tax of ¥(4,738) million											12,626									12,626
Reclassification adjustment included in net income, net of tax of ¥(151) million											376									376
Foreign currency translation adjustments, net of tax of ¥17,642 million														105,079						105,079
Reclassification adjustment included in net income, net of tax of ¥(295) million														614						614
Net unrealized gains (losses) on derivative instruments, net of tax of ¥(3,256) million																	10,634			10,634
Reclassification adjustment included in net income, net of tax of ¥(1,478) million																	4,436			4,436
Total other comprehensive income (loss)		(56,684	)		62,177			(337	)		13,002			105,693			15,070			138,921
Transaction with noncontrolling interests		0			0			0			0			(1,472	)		(3	)		(1,475	)
Less: Other Comprehensive Income Attributable to the Noncontrolling Interests		0			0			0			1			5,851			808			6,660
Balance at March 31, 2022	¥	(72,892	)	¥	37,536		¥	221		¥	(8,072	)	¥	61,914		¥	2,788		¥	21,495
Net unrealized gains (losses) on investment in securities, net of tax of ¥41,871 million		(109,745	)																	(109,745	)
Reclassification adjustment included in net income, net of tax of ¥90 million		(421	)																	(421	)
Impact of changes in policy liability discount rate, net of tax of ¥(43,576) million					126,980															126,980
Debt valuation adjustments, net of tax of ¥(25) million								67												67
Reclassification adjustment included in net income, net of tax of ¥5 million								(13	)											(13	)
Defined benefit pension plans, net of tax of ¥(1,706) million											4,659									4,659
Reclassification adjustment included in net income, net of tax of ¥76 million											(211	)								(211	)
Foreign currency translation adjustments, net of tax of ¥19,131 million														90,616						90,616
Reclassification adjustment included in net income, net of tax of ¥(1,806) million														4,091						4,091
Net unrealized gains (losses) on derivative instruments, net of tax of ¥(3,106) million																	18,232			18,232
Reclassification adjustment included in net income, net of tax of ¥(408) million																	1,438			1,438
Total other comprehensive income (loss)		(110,166	)		126,980			54			4,448			94,707			19,670			135,693
Transaction with noncontrolling interests		0			0			0			0			2,903			1,493			4,396
Less: Other Comprehensive Income (loss) Attributable to the Noncontrolling Interests		0			0			0			(7	)		3,637			1,868			5,498
Less: Other Comprehensive Income Attributable to the Redeemable Noncontrolling Interests		(24	)		0			0			0			(25	)		0			(49	)
Balance at March 31, 2023*	¥	(183,034	)	¥	164,516		¥	275		¥	(3,617	)	¥	155,912		¥	22,083		¥	156,135

* As of March 31, 2023, there were no net unrealized gains (losses) on investment in securities related to available-for-sale debt securities with allowance for credit losses.

	Millions of yen
	Net unrealized gains (losses) on investment in securities			Impact of changes in policy liability discount rate		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, 2023*1	¥	(183,034	)	¥	164,516	¥	275		¥	(3,617	)	¥	155,912	¥	22,083		¥	156,135
Net unrealized gains (losses) on investment in securities, net of tax of ¥27,906 million		(69,102	)															(69,102	)
Reclassification adjustment included in net income, net of tax of ¥(749) million		1,340																1,340
Impact of changes in policy liability discount rate, net of tax of ¥(32,471) million					93,269													93,269
Debt valuation adjustments, net of tax of ¥69 million							(177	)										(177	)
Reclassification adjustment included in net income, net of tax of ¥5 million							(14	)										(14	)
Defined benefit pension plans, net of tax of ¥(5,655) million										13,559								13,559
Reclassification adjustment included in net income, net of tax of ¥101 million										(266	)							(266	)
Foreign currency translation adjustments, net of tax of ¥35,593 million													163,062					163,062
Reclassification adjustment included in net income, net of tax of ¥(4,601) million													10,242					10,242
Net unrealized gains (losses) on derivative instruments, net of tax of ¥578 million															(2,928	)		(2,928	)
Reclassification adjustment included in net income, net of tax of ¥945 million															(2,947	)		(2,947	)
Total other comprehensive income (loss)		(67,762	)		93,269		(191	)		13,293			173,304		(5,875	)		206,038
Transaction with noncontrolling interests		0			0		0			0			11		(176	)		(165	)
Less: Other Comprehensive Income (loss) Attributable to the Noncontrolling Interests		0			0		0			6			4,816		(175	)		4,647
Less: Other Comprehensive Income Attributable to the Redeemable Noncontrolling Interests		10			0		0			0			203		0			213
Balance at March 31, 2024*2	¥	(250,806	)	¥	257,785	¥	84		¥	9,670		¥	324,208	¥	16,207		¥	357,148

*1 As of March 31, 2023, the amount of impact of changes in policy liability discount rate contained a loss of ¥(24,641) million (net of tax of ¥4,296 million ) of cumulative effect of changes in the discount rates between contract inception date and the transition date of April 1, 2021 of LDTI and an income of ¥189,157 million (net of tax of ¥(66,702) million ) of changes after the transition date. For further information about impact of changes in policy liability discount rate, see Note 24. “Long-Duration Insurance Contracts Relating to Life Insurance Operations”.

*2 As of March 31, 2024, net unrealized gains (losses) on investment in securities contained ¥(82) million (net of tax of ¥16 million ) of net unrealized gains (losses) in 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 2022, 2023 and 2024 are as follows:

	March 31, 2022
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	¥	4,619		Gains on investment securities and dividends
Sales of debt securities		737		Life insurance premiums and related investment income
Amortization of debt securities		92		Finance revenues
Amortization of debt securities		(658	)	Life insurance premiums and related investment income
Others		(522	)	Write-downs of securities
		4,268		Total before income tax
		(61	)	Income tax (expense) or benefit
	¥	4,207		Net of tax
Debt valuation adjustments
Fulfillment of policy liabilities and amortization of policy account balances	¥	36		Life insurance costs
		36		Total before income tax
		(10	)	Income tax (expense) or benefit
	¥	26		Net of tax
Defined benefit pension plans
Amortization of prior service credit	¥	386		See Note 17 “Pension Plans”
Amortization of net actuarial loss		(912	)	See Note 17 “Pension Plans”
Amortization of transition obligation		(1	)	See Note 17 “Pension Plans”
		(527	)	Total before income tax
		151		Income tax (expense) or benefit
	¥	(376	)	Net of tax
Foreign currency translation adjustments
Foreign exchange contracts		(1,782	)	Gains on sales of subsidiaries and equity method investments and liquidation losses, net/Interest expense/Other (income) and expense
Sales or liquidation		873		Gains on sales of subsidiaries and equity method investments and liquidation losses, net
		(909	)	Total before income tax
		295		Income tax (expense) or benefit
	¥	(614	)	Net of tax
Net unrealized gains (losses) on derivative instruments
Interest rate swap agreements	¥	(1,615	)	Interest expense
Foreign exchange contracts		(710	)	Interest expense/Other (income) and expense
Foreign currency swap agreements		(3,589	)	Interest expense/Other (income) and expense
		(5,914	)	Total before income tax
		1,478		Income tax (expense) or benefit
	¥	(4,436	)	Net of tax

	March 31, 2023
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	¥	155		Gains on investment securities and dividends
Sales of debt securities		(765	)	Life insurance premiums and related investment income
Amortization of debt securities		509		Finance revenues
Amortization of debt securities		1,148		Life insurance premiums and related investment income
Others		(536	)	Write-downs of securities
		511		Total before income tax
		(90	)	Income tax (expense) or benefit
	¥	421		Net of tax
Debt valuation adjustments
Fulfillment of policy liabilities and amortization of policy account balances	¥	18		Life insurance costs
		18		Total before income tax
		(5	)	Income tax (expense) or benefit
	¥	13		Net of tax
Defined benefit pension plans
Amortization of prior service credit	¥	376		See Note 17 “Pension Plans”
Amortization of net actuarial loss		(88	)	See Note 17 “Pension Plans”
Amortization of transition obligation		(1	)	See Note 17 “Pension Plans”
		287		Total before income tax
		(76	)	Income tax (expense) or benefit
	¥	211		Net of tax
Foreign currency translation adjustments
Foreign exchange contracts	¥	(14,673	)	Gains on sales of subsidiaries and equity method investments and liquidation losses, net/Interest expense/Other (income) and expense
Sales or liquidation		8,776		Gains on sales of subsidiaries and equity method investments and liquidation losses, net
		(5,897	)	Total before income tax
		1,806		Income tax (expense) or benefit
	¥	(4,091	)	Net of tax
Net unrealized gains (losses) on derivative instruments
Interest rate swap agreements	¥	(175	)	Interest expense
Foreign exchange contracts		0		Interest expense/Other (income) and expense
Foreign currency swap agreements		(1,671	)	Interest expense/Other (income) and expense
		(1,846	)	Total before income tax
		408		Income tax (expense) or benefit
	¥	(1,438	)	Net of tax

	March 31, 2024
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	¥	231		Gains on investment securities and dividends
Sales of debt securities		(7,184	)	Life insurance premiums and related investment income
Amortization of debt securities		756		Finance revenues
Amortization of debt securities		4,108		Life insurance premiums and related investment income
		(2,089	)	Total before income tax
		749		Income tax (expense) or benefit
	¥	(1,340	)	Net of tax
Debt valuation adjustments
Fulfillment of policy liabilities and amortization of policy account balances	¥	19		Life insurance costs
		19		Total before income tax
		(5	)	Income tax (expense) or benefit
	¥	14		Net of tax
Defined benefit pension plans
Amortization of prior service credit	¥	438		See Note 17 “Pension Plans”
Amortization of net actuarial loss		(70	)	See Note 17 “Pension Plans”
Amortization of transition obligation		(1	)	See Note 17 “Pension Plans”
		367		Total before income tax
		(101	)	Income tax (expense) or benefit
	¥	266		Net of tax
Foreign currency translation adjustments
Foreign exchange contracts	¥	(14,952	)	Gains on sales of subsidiaries and equity method investments and liquidation losses, net/Interest expense
Sales or liquidation		109		Gains on sales of subsidiaries and equity method investments and liquidation losses, net
		(14,843	)	Total before income tax
		4,601		Income tax (expense) or benefit
	¥	(10,242	)	Net of tax
Net unrealized gains (losses) on derivative instruments
Interest rate swap agreements	¥	114		Interest expense
Foreign currency swap agreements		3,778		Interest expense/Other (income) and expense
		3,892		Total before income tax
		(945	)	Income tax (expense) or benefit
	¥	2,947		Net of tax