Estimated Fair Value of Financial Instruments (Tables)

12 Months Ended

Mar. 31, 2020

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 amount 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, pension obligations and insurance contracts and reinsurance contracts except for those classified as investment contracts.

March 31, 2019

	Millions of yen
	Carrying amount		Estimated fair value		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	¥	1,161,032	¥	1,161,032	¥	1,161,032	¥	0	¥	0
Restricted cash		122,548		122,548		122,548		0		0
Installment loans (net of allowance for probable loan losses)		3,231,708		3,228,750		0		199,590		3,029,160
Equity securities*1		425,593		425,593		68,631		295,769		61,193
Trading debt securities		1,564		1,564		0		1,564		0
Available-for-sale debt securities		1,264,244		1,264,244		24,831		1,138,966		100,447
Held-to-maturity debt securities		114,061		144,326		0		120,714		23,612
Other Assets:
Time deposits		4,754		4,754		0		4,754		0
Derivative assets*2		13,998		13,998		0		0		0
Reinsurance recoverables (Investment contracts)		29,989		30,400		0		0		30,400
Liabilities:
Short-term debt	¥	309,549	¥	309,549	¥	0	¥	309,549	¥	0
Deposits		1,782,198		1,782,753		0		1,782,753		0
Policy liabilities and Policy account balances (Investment contracts)		244,497		244,653		0		0		244,653
Long-term debt		4,186,222		4,199,341		0		1,158,287		3,041,054
Other Liabilities:
Derivative liabilities*2		24,461		24,461		0		0		0

*1 The amount of ¥12,100 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, 2020

	Millions of yen
	Carrying amount		Estimated fair value		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	¥	982,666	¥	982,666	¥	982,666	¥	0	¥	0
Restricted cash		152,618		152,618		152,618		0		0
Installment loans (net of allowance for probable loan losses)		3,695,342		3,653,042		0		207,950		3,445,092
Equity securities*1		375,174		375,174		58,400		232,873		83,901
Trading debt securities		7,431		7,431		0		7,431		0
Available-for-sale debt securities		1,631,185		1,631,185		21,490		1,521,342		88,353
Held-to-maturity debt securities		113,805		143,189		0		118,472		24,717
Other Assets:
Time deposits		5,918		5,918		0		5,918		0
Derivative assets*2		30,538		30,538		0		0		0
Reinsurance recoverables (Investment contracts)		8,625		8,298		0		0		8,298
Liabilities:
Short-term debt	¥	336,832	¥	336,832	¥	0	¥	336,832	¥	0
Deposits		2,086,765		2,088,513		0		2,088,513		0
Policy liabilities and Policy account balances (Investment contracts)		213,885		214,048		0		0		214,048
Long-term debt		4,279,354		4,291,697		0		1,247,587		3,044,110
Other Liabilities:
Derivative liabilities*2		64,497		64,497		0		0		0

*1 The amount of ¥11,631 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.”