Segment Information (Tables)

12 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Financial Information of Segments

In fiscal 2019, the Company had made DAIKYO a wholly-owned subsidiary, to complement their respective real estate business and to jointly aim for medium- and long-term growth as a comprehensive real estate group. Accordingly, the segment classification of DAIKYO had been shifted from Investment and Operation segment to Real Estate segment since the previous fiscal year. As a result of this change, the segment data of the previous fiscal year has been retrospectively restated.

Financial information of the segments for fiscal 2018, 2019 and 2020 is as follows:

Year ended March 31, 2018	Millions of yen
	Corporate Financial Services		Maintenance Leasing		Real Estate			Investment and Operation			Retail			Overseas Business		Total
Revenues	¥	115,837	¥	275,933	¥	489,752		¥	1,083,505		¥	428,697		¥	479,619	¥	2,873,343
Finance revenues		30,737		14,247		2,072			9,274			72,929			98,426		227,685
Interest expense		5,019		3,242		2,285			5,670			4,026			51,536		71,778
Depreciation and amortization		10,404		131,829		18,218			18,460			21,642			70,109		270,662
Other significant non-cash items:
Provision for doubtful receivables and probable loan losses		1,072		192		(8	)		(927	)		11,244			5,783		17,356
Write-downs of long-lived assets		32		29		4,187			27			0			1,250		5,525
Increase (Decrease) in policy liabilities and policy account balances		0		0		0			0			(53,512	)		0		(53,512	)
Equity in net income (loss) of affiliates and gains (losses) on sales of subsidiaries and affiliates and liquidation losses, net		2,681		102		35,461			49,315			6			11,749		99,314
Segment profits		49,275		40,162		74,395			84,097			74,527			106,622		429,078
Segment assets		991,818		847,190		801,969			674,617			3,174,505			2,608,819		9,098,918
Long-lived assets		41,252		482,563		509,450			257,266			43,878			507,715		1,842,124
Expenditures for long-lived assets		3,764		170,727		69,693			47,841			174			286,730		578,929
Investment in affiliates		16,845		1,996		100,219			156,896			702			314,569		591,227

Reconciliation of Segment Totals to Consolidated Financial Statement Amounts

The reconciliation of segment totals to consolidated financial statement amounts is as follows. Significant items to be reconciled are segment revenues, segment profits and segment assets. Other items do not have a significant difference between segment amounts and consolidated amounts.

	Millions of yen
	2018			2019			2020
Segment revenues:
Total revenues for segments	¥	2,873,343		¥	2,447,272		¥	2,292,360
Revenues related to corporate assets		8,531			8,655			8,559
Revenues from inter-segment transactions		(19,103	)		(21,063	)		(20,590	)
Total consolidated revenues	¥	2,862,771		¥	2,434,864		¥	2,280,329
Segment profits:
Total segment profits	¥	429,078		¥	401,395		¥	417,727
Corporate losses		(4,329	)		(10,012	)		(10,395	)
Net income attributable to the noncontrolling interests and net income attributable to the redeemable noncontrolling interests		10,752			4,347			5,229
Total consolidated income before income taxes	¥	435,501		¥	395,730		¥	412,561
Segment assets:
Total segment assets	¥	9,098,918		¥	9,997,698		¥	10,905,998
Cash and cash equivalents, restricted cash		1,405,117			1,283,580			1,135,284
Allowance for doubtful receivables on finance leases and probable loan losses		(54,672	)		(58,011	)		(56,836	)
Trade notes, accounts and other receivable		294,773			280,590			312,744
Other corporate assets		681,846			671,060			770,338
Total consolidated assets	¥	11,425,982		¥	12,174,917		¥	13,067,528

Geographical Revenues and Income before Income Taxes

The following information represents geographical revenues and income before income taxes, which are attributed to geographic areas, based on the country location of the Company and its subsidiaries.

	Millions of yen
	Fiscal Year ended March 31, 2018
	Japan		The Americas*1		Other*2		Total
Total Revenues	¥	2,377,729	¥	208,264	¥	276,778	¥	2,862,771
Income before Income Taxes		320,511		74,105		40,885		435,501
	Millions of yen
	Fiscal Year ended March 31, 2019
	Japan		The Americas*1		Other*2		Total
Total Revenues	¥	1,948,868	¥	205,233	¥	280,763	¥	2,434,864
Income before Income Taxes		274,431		70,935		50,364		395,730
	Millions of yen
	Fiscal Year ended March 31, 2020
	Japan		The Americas*1		Other*2		Total
Total Revenues	¥	1,792,790	¥	201,578	¥	285,961	¥	2,280,329
Income before Income Taxes		260,323		74,086		78,152		412,561

*1 Mainly the United States

*2 Mainly Asia, Europe, Australasia and Middle East

Disaggregation of Revenues for Revenues From Contracts With Customers, by Goods and Services Category and Geographical Location

Disaggregation of revenues for revenues from contracts with customers, by goods or services category and geographical location is as follows:

	Millions of yen
	Fiscal Year ended March 31, 2019
	Reportable segments														Corporate revenue and intersegment transactions			Total revenues
	Corporate Financial Services		Maintenance Leasing		Real Estate		Investment and Operation		Retail		Overseas Business		Total
Goods or services category
Sales of goods	¥	4,379	¥	5,392	¥	8,063	¥	436,044	¥	0	¥	6,798	¥	460,676	¥	1,353		¥	462,029
Real estate sales		0		0		133,426		0		0		710		134,136		0			134,136
Asset management and servicing		0		0		5,523		454		163		185,787		191,927		(107	)		191,820
Automobile related services		486		61,398		0		204		0		16,994		79,082		(359	)		78,723
Facilities operation		0		0		100,940		0		0		3,066		104,006		(1	)		104,005
Environment and energy services		2,815		0		188		129,166		0		1,004		133,173		(930	)		132,243
Real estate management and brokerage		0		0		105,278		0		0		0		105,278		(2,216	)		103,062
Real estate contract work		0		0		83,182		0		0		0		83,182		(965	)		82,217
Other		35,958		9,153		4,513		39,081		3,448		20,544		112,697		(5,356	)		107,341
Total revenues from contracts with customers		43,638		75,943		441,113		604,949		3,611		234,903		1,404,157		(8,581	)		1,395,576
Geographical location
Japan		43,638		75,610		441,113		603,957		3,611		6,749		1,174,678		(4,886	)		1,169,792
The Americas		0		0		0		0		0		114,614		114,614		0			114,614
Other		0		333		0		992		0		113,540		114,865		(3,695	)		111,170
Total revenues from contracts with customers		43,638		75,943		441,113		604,949		3,611		234,903		1,404,157		(8,581	)		1,395,576
Other revenues*		51,574		212,268		87,951		10,202		425,293		255,827		1,043,115		(3,827	)		1,039,288
Segment revenues/Total revenues	¥	95,212	¥	288,211	¥	529,064	¥	615,151	¥	428,904	¥	490,730	¥	2,447,272	¥	(12,408	)	¥	2,434,864

	Millions of yen
	Fiscal Year ended March 31, 2020
	Reportable segments														Corporate revenue and intersegment transactions			Total revenues
	Corporate Financial Services		Maintenance Leasing		Real Estate		Investment and Operation		Retail		Overseas Business		Total
Goods or services category
Sales of goods	¥	5,707	¥	5,829	¥	4,261	¥	266,271	¥	0	¥	4,131	¥	286,199	¥	1,359		¥	287,558
Real estate sales		0		0		117,969		0		0		984		118,953		0			118,953
Asset management and servicing		0		0		7,453		383		167		173,948		181,951		(100	)		181,851
Automobile related services		488		60,704		0		232		0		16,950		78,374		(387	)		77,987
Facilities operation		0		0		68,934		0		0		363		69,297		0			69,297
Environment and energy services		2,911		0		0		138,380		0		963		142,254		(722	)		141,532
Real estate management and brokerage		0		0		106,234		0		0		0		106,234		(2,124	)		104,110
Real estate contract work		0		0		89,522		0		0		0		89,522		(556	)		88,966
Other		36,340		10,630		3,921		34,942		4,147		17,313		107,293		(3,234	)		104,059
Total revenues from contracts with customers		45,446		77,163		398,294		440,208		4,314		214,652		1,180,077		(5,764	)		1,174,313
Geographical location
Japan		45,446		76,462		398,294		436,500		4,314		5,704		966,720		(2,079	)		964,641
The Americas		0		0		0		0		0		99,979		99,979		0			99,979
Other		0		701		0		3,708		0		108,969		113,378		(3,685	)		109,693
Total revenues from contracts with customers		45,446		77,163		398,294		440,208		4,314		214,652		1,180,077		(5,764	)		1,174,313
Other revenues*		51,561		259,275		68,345		10,989		450,437		271,676		1,112,283		(6,267	)		1,106,016
Segment revenues/Total revenues	¥	97,007	¥	336,438	¥	466,639	¥	451,197	¥	454,751	¥	486,328	¥	2,292,360	¥	(12,031	)	¥	2,280,329

* Other revenues include revenues that are not in the scope of revenue from contracts with customers, such as life insurance premiums and related investment income, operating leases, finance revenues that include interest income, and others.