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Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
21. Accumulated Other Comprehensive Income (Loss)
Changes in each component of accumulated other comprehensive income (loss) attributable to ORIX Corporation Shareholders in fiscal 2020, 2021 and 2022 are as follows:
 
   
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, 2019
  ¥ 17,389     ¥ 582     ¥ (27,902 )    ¥ (43,558 )    ¥ (7,854 )    ¥ (61,343 ) 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Net unrealized gains (losses) on investment in securities, net of tax of ¥5,078 million
    (17,637 )                                      (17,637 ) 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Reclassification adjustment included in net income, net of tax of ¥1,938 million
    (4,819 )                                      (4,819 ) 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Debt valuation adjustments, net of tax of ¥(357) million
            920                               920  
Reclassification adjustment included in net income, net of tax of ¥17 million
            (45 )                              (45 ) 
Defined benefit pension plans, net of tax of ¥(223) million
                    886                       886  
Reclassification adjustment included in net income, net of tax of ¥(225) million
                    643                       643  
Foreign currency translation adjustments, net of tax of ¥(6,212) million
                            (40,605 )              (40,605 ) 
Reclassification adjustment included in net income, net of tax of ¥(4,064) million
                            8,941               8,941  
Net unrealized gains (losses) on derivative instruments, net of tax of ¥1,511 million
                                    (6,385 )      (6,385 ) 
Reclassification adjustment included in net income, net of tax of ¥652 million
                                    (2,171 )      (2,171 ) 
Total other comprehensive income (loss)
    (22,456 )      875       1,529       (31,664 )      (8,556 )      (60,272 ) 
Transaction with noncontrolling interests
    0       0       0       4       (2 )      2  
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Less: Other Comprehensive Income (Loss) Attributable to the Noncontrolling Interests
    (66 )      0       2       (2,550 )      (270 )      (2,884 ) 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Less: Other Comprehensive Income (Loss) Attributable to the Redeemable Noncontrolling Interests
    0       0       0       (197 )      0       (197 ) 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Balance at March 31, 2020
  ¥ (5,001 )    ¥ 1,457     ¥ (26,375 )    ¥ (72,471 )    ¥ (16,142 )    ¥ (118,532 ) 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Net unrealized gains (losses) on investment in securities, net of tax of ¥5,702 million
    (11,188 )                                      (11,188 ) 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Reclassification adjustment included in net income, net of tax of ¥510 million
    6                                       6  
Debt valuation adjustments, net of tax of ¥321 million
            (826 )                              (826 ) 
Reclassification adjustment included in net income, net of tax of ¥28 million
            (73 )                              (73 ) 
Defined benefit pension plans, net of tax of ¥(2,247) million
                    4,511                       4,511  
Reclassification adjustment included in net income, net of tax of ¥(368) million
                    819                       819  
Foreign currency translation adjustments, net of tax of ¥14,709 million
                            32,180               32,180  
Reclassification adjustment included in net income, net of tax of ¥(751) million
                            4,066               4,066  
Net unrealized gains (losses) on derivative instruments, net of tax of ¥40 million
                                    (997 )      (997 ) 
Reclassification adjustment included in net income, net of tax of ¥(1,923) million
                                    5,779       5,779  
Total other comprehensive income (loss)
    (11,182 )      (899 )      5,330       36,246       4,782       34,277  
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Less: Other Comprehensive Income Attributable to the Noncontrolling Interests
    25       0       28       511       111       675  
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Less: Other Comprehensive Income (Loss) Attributable to the Redeemable Noncontrolling Interests
    0       0       0       (280 )      0       (280 ) 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Balance at March 31, 2021*
  ¥ (16,208 )    ¥ 558     ¥ (21,073 )    ¥ (36,456 )    ¥ (11,471 )    ¥ (84,650 ) 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
 
*
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.​​​​​​​