*	As of March 31, 2021, 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			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	)

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	)
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	)		(337	)		13,002			105,693			15,070			76,744

Transaction with noncontrolling interests		0			0			0			(1,472	)		(3	)		(1,475	)

Less: Other Comprehensive Income Attributable to the Noncontrolling Interests		0			0			1			5,851			808			6,660

Balance at March 31, 2022*	¥	(72,892	)	¥	221		¥	(8,072	)	¥	61,914		¥	2,788		¥	(16,041	)

*	As of March 31, 2022, there were no net unrealized gains (losses) on 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) for fiscal 2020, 2021 and 2022 are as follows:


	March 31, 2020
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	¥	2,366		Gains on investment securities and dividends
Sales of debt securities		6,710		Life insurance premiums and related investment income
Amortization of debt securities		(1,425	)	Finance revenues
Amortization of debt securities		(894	)	Life insurance premiums and related investment income
		6,757		Total before income tax
		(1,938	)	Income tax (expense) or benefit

	¥	4,819		Net of tax
Debt valuation adjustments
Fulfillment of policy liabilities and amortization of policy account balances	¥	62		Life insurance costs
		62		Total before income tax
		(17	)	Income tax (expense) or benefit
	¥	45		Net of tax
Defined benefit pension plans
Amortization of prior service credit	¥	1,028		See Note 18 “Pension Plans”
Amortization of net actuarial loss		(1,895	)	See Note 18 “Pension Plans”
Amortization of transition obligation		(1	)	See Note 18 “Pension Plans”
		(868	)	Total before income tax
		225		Income tax (expense) or benefit

	¥	(643	)	Net of tax

Foreign currency translation adjustments
Foreign exchange contracts	¥	(5,760	)	Gains on sales of subsidiaries and affiliates and liquidation losses, net/Interest expense/Write-downs of securities
Sales or liquidation, other		(7,245	)	Gains on sales of subsidiaries and affiliates and liquidation losses, net/Write-downs of securities

		(13,005	)	Total before income tax
		4,064		Income tax (expense) or benefit

	¥	(8,941	)	Net of tax
Net unrealized gains (losses) on derivative instruments
Interest rate swap agreements	¥	(775	)	Interest expense
Foreign exchange contracts		(338	)	Interest expense/Other (income) and expense
Foreign currency swap agreements		3,936		Interest expense/Other (income) and expense

		2,823		Total before income tax
		(652	)	Income tax (expense) or benefit

	¥	2,171		Net of tax


	March 31, 2021
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	¥	2,473		Gains on investment securities and dividends
Sales of debt securities		5,433		Life insurance premiums and related investment income
Amortization of debt securities		(1,468	)	Finance revenues
Amortization of debt securities		(1,340	)	Life insurance premiums and related investment income
Others		(4,594	)	Write-downs of securities

		504		Total before income tax
		(510	)	Income tax (expense) or benefit

	¥	(6	)	Net of tax

Debt valuation adjustments
Fulfillment of policy liabilities and amortization of policy account balances	¥	101		Life insurance costs

		101		Total before income tax
		(28	)	Income tax (expense) or benefit

	¥	73		Net of tax

Defined benefit pension plans
Amortization of prior service credit	¥	447		See Note 18 “Pension Plans”
Amortization of net actuarial loss		(1,633	)	See Note 18 “Pension Plans”
Amortization of transition obligation		(1	)	See Note 18 “Pension Plans”

		(1,187	)	Total before income tax
		368		Income tax (expense) or benefit

	¥	(819	)	Net of tax

Foreign currency translation adjustments
Foreign exchange contracts	¥	(2,057	)	Gains on sales of subsidiaries and affiliates and liquidation losses, net/Interest expense/Other (income) and expense
Sales or liquidation		(2,760	)	Gains on sales of subsidiaries and affiliates and liquidation losses, net

		(4,817	)	Total before income tax
		751		Income tax (expense) or benefit

	¥	(4,066	)	Net of tax

Net unrealized gains (losses) on derivative instruments
Interest rate swap agreements	¥	(1,522	)	Interest expense
Foreign exchange contracts		(242	)	Interest expense/Other (income) and expense
Foreign currency swap agreements		(5,938	)	Interest expense/Other (income) and expense

		(7,702	)	Total before income tax
		1,923		Income tax (expense) or benefit

	¥	(5,779	)	Net of tax


	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 18 “Pension Plans”
Amortization of net actuarial loss		(912	)	See Note 18 “Pension Plans”
Amortization of transition obligation		(1	)	See Note 18 “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 affiliates and liquidation losses, net/Interest expense/Other (income) and expense
Sales or liquidation		873		Gains on sales of subsidiaries and affiliates 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

Comprehensive income (loss) and its components attributable to ORIX Corporation and noncontrolling interests have been reported, net of tax, in the consolidated statements of changes in equity, and information about comprehensive income (loss) and its components attributable to redeemable noncontrolling interests is provided in Note 19 “Redeemable Noncontrolling Interests.” Total comprehensive income (loss) and its components have been reported, net of tax, in the consolidated statements of comprehensive income.