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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, 2024
Mar. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Loans held for sale ¥ 129,959 ¥ 197,041
Trading debt securities 0 2,179
Available-for-sale debt securities 2,665,478 2,234,608
Derivative assets, gross amounts recognized 72,986 72,398
Netting (47,496) (22,052)
Net derivative assets ¥ 25,490 ¥ 50,346
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Assets Assets
Other assets ¥ 2,786 ¥ 4,676
Derivative liabilities, gross amounts recognized 95,686 71,366
Netting (47,496) (22,052)
Net derivative Liabilities 48,190 49,314
Policy liabilities and Policy Account Balances 167,207 163,734
Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Loans held for sale [1] 129,959 197,041
Trading debt securities   2,179
Available-for-sale debt securities 2,665,478 2,234,608
Equity securities [2],[3] 415,607 381,747
Derivative assets, gross amounts recognized 72,986 72,398
Netting [4] (47,496) (22,052)
Net derivative assets 25,490 50,346
Other assets 2,786 4,676
Total financial assets 3,286,816 2,892,649
Derivative liabilities, gross amounts recognized 95,686 71,366
Netting [4] (47,496) (22,052)
Net derivative Liabilities 48,190 49,314
Policy liabilities and Policy Account Balances 167,207 163,734
Accounts Payable 14,136  
Contingent Consideration 14,136  
Total financial liabilities 277,029 235,100
Interest rate swap agreements | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 18,995 22,798
Derivative liabilities, gross amounts recognized 3,728 3,319
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 15,349 30,487
Derivative liabilities, gross amounts recognized 14,394 28,423
Futures, foreign exchange contracts | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 38,172 17,785
Derivative liabilities, gross amounts recognized 70,997 37,195
Foreign currency swap agreements | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Derivative assets, gross amounts recognized 470 1,325
Derivative liabilities, gross amounts recognized 6,563 2,426
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 4 3
Reinsurance recoverables    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Other assets 2,786 4,676
Reinsurance recoverables | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Other assets [5] 2,786 4,676
Variable Annuity and Variable Life Insurance Contracts    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Policy liabilities and Policy Account Balances 167,207 163,734
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 [6] 167,207 163,734
Japanese and foreign government bond securities    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 1,034,914 801,295
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 [7] 1,034,914 801,295
Japanese prefectural and foreign municipal bond securities    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 401,465 369,246
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 401,465 369,246
Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 844,579 784,388
Corporate debt securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities [8] 844,579 784,388
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 87,740 43,173
Other asset-backed securities and debt securities    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Available-for-sale debt securities 296,780 236,506
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 296,780 236,506
Level 1    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Trading debt securities   0
Available-for-sale debt securities 11,491 4,334
Net derivative assets [9] 0 0
Net derivative Liabilities [9] 0 0
Contingent Consideration 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
Available-for-sale debt securities 11,491 4,334
Equity securities [2],[3] 108,964 105,646
Derivative assets, gross amounts recognized 52 203
Netting [4] 0 0
Net derivative assets 0 0
Other assets 0 0
Total financial assets 120,507 110,183
Derivative liabilities, gross amounts recognized 607 1,484
Netting [4] 0 0
Net derivative Liabilities 0 0
Policy liabilities and Policy Account Balances 0 0
Accounts Payable 0  
Contingent Consideration 0  
Total financial liabilities 607 1,484
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 52 203
Derivative liabilities, gross amounts recognized 607 1,484
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 0
Level 1 | Reinsurance recoverables | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Other assets [5] 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 [6] 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 [7] 4,303 3,004
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 [8] 7,188 1,330
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
Available-for-sale debt securities 2,334,690 1,986,672
Net derivative assets [9] 0 0
Net derivative Liabilities [9] 0 0
Contingent Consideration 0  
Level 2 | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Loans held for sale [1] 33,393 23,192
Trading debt securities   2,179
Available-for-sale debt securities 2,334,690 1,986,672
Equity securities [2],[3] 143,786 133,027
Derivative assets, gross amounts recognized 66,433 65,377
Netting [4] 0 0
Net derivative assets 0 0
Other assets 0 0
Total financial assets 2,578,302 2,210,447
Derivative liabilities, gross amounts recognized 90,862 55,240
Netting [4] 0 0
Net derivative Liabilities 0 0
Policy liabilities and Policy Account Balances 0 0
Accounts Payable 0  
Contingent Consideration 0  
Total financial liabilities 90,862 55,240
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 18,995 22,798
Derivative liabilities, gross amounts recognized 3,728 3,319
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 8,848 23,669
Derivative liabilities, gross amounts recognized 10,177 13,781
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 38,120 17,582
Derivative liabilities, gross amounts recognized 70,390 35,711
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 470 1,325
Derivative liabilities, gross amounts recognized 6,563 2,426
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 4 3
Level 2 | Reinsurance recoverables | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Other assets [5] 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 [6] 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 [7] 1,030,611 798,291
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 390,543 365,915
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 [8] 831,805 778,321
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 80,575 43,173
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 1,156 972
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Trading debt securities   0
Available-for-sale debt securities 319,297 243,602
Net derivative assets [9] 0 0
Net derivative Liabilities [9] 0 0
Contingent Consideration 14,136  
Level 3 | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Loans held for sale [1] 96,566 173,849
Trading debt securities   0
Available-for-sale debt securities 319,297 243,602
Equity securities [2],[3] 162,857 143,074
Derivative assets, gross amounts recognized 6,501 6,818
Netting [4] 0 0
Net derivative assets 0 0
Other assets 2,786 4,676
Total financial assets 588,007 572,019
Derivative liabilities, gross amounts recognized 4,217 14,642
Netting [4] 0 0
Net derivative Liabilities 0 0
Policy liabilities and Policy Account Balances 167,207 163,734
Accounts Payable 14,136  
Contingent Consideration 14,136  
Total financial liabilities 185,560 178,376
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 6,501 6,818
Derivative liabilities, gross amounts recognized 4,217 14,642
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 0
Level 3 | Reinsurance recoverables | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]    
Other assets [5] 2,786 4,676
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 [6] 167,207 163,734
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 [7] 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 10,922 3,331
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 [8] 5,586 4,737
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 7,165 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 ¥ 295,624 ¥ 235,534
[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 ¥2,982 million, ¥2,429 million and a gain of ¥428 million from the change in the fair value of the loans for fiscal 2022, 2023 and 2024, respectively. No gains or losses were recognized in earnings during fiscal 2022, 2023 and 2024 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, 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. The amounts of aggregate unpaid principal balance and aggregate fair value of the loans held for sale as of March 31, 2024, were ¥130,554 million and ¥129,959 million, respectively, and the amount of the aggregate fair value was less than the amount of aggregate unpaid principal balance by ¥595 million. As of March 31, 2023 and 2024, 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 ¥1,199 million, ¥1,066 million and ¥3,269 million from the change in the fair value of those investments for fiscal 2022, 2023 and 2024, respectively. The amounts of aggregate fair value elected the fair value option were ¥18,544 million and ¥26,945 million as of March 31, 2023 and 2024, respectively.
[3] The amounts of investment funds measured at net asset value per share which are not included in the above tables were ¥51,263 million and ¥85,280 million as of March 31, 2023 and 2024, respectively.
[4] It represents the amount offset under counterparty netting of derivative assets and liabilities.
[5] 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 ¥4,676 million and ¥2,786 million as of March 31, 2023 and 2024, respectively. For the effect of changes in the fair value of those reinsurance contracts on earnings for fiscal 2022, 2023 and 2024, see Note 23 “Income and Expenses Relating to Life Insurance Operations.”
[6] 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 ¥163,734 million and ¥167,207 million as of March 31, 2023 and 2024, respectively. For the effect of changes in the fair value of the variable annuity and variable life insurance contracts on earnings for fiscal 2022, 2023 and 2024, see Note 23 “Income and Expenses Relating to Life Insurance Operations.”
[7] 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 gain of ¥51 million, losses of ¥11 million and ¥6 million from the change in the fair value of those investments for fiscal 2022, 2023 and 2024, respectively. The amount of aggregate fair value elected the fair value option were ¥237 million and ¥1,000 million as of March 31, 2023 and 2024, respectively.
[8] 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 losses of ¥365 million and ¥516 million, a gain of ¥399 million from the change in the fair value of those investments for fiscal 2022, 2023 and 2024, respectively. The amounts of aggregate fair value elected the fair value option were ¥6,605 million and ¥7,751 million as of March 31, 2023 and 2024, respectively.
[9] 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.”