Schedule II.-Valuation and Qualifying Accounts and Reserves

12 Months Ended

Mar. 31, 2022

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II.-Valuation and Qualifying Accounts and Reserves

Schedule II.—Valuation and Qualifying Accounts and Reserves

ORIX Corporation and Subsidiaries

	Millions of yen
	Year Ended March 31, 2020
Description	Balance at beginning of period		Acquisitions		Addition: Charged to costs and expenses		Deduction			Translation adjustment			Balance at end of period
Restructuring cost:
Severance and other benefits to terminated employees	¥	2,049	¥	0	¥	73	¥	(1,365	)	¥	(67	)	¥	690
Total	¥	2,049	¥	0	¥	73	¥	(1,365	)	¥	(67	)	¥	690
	Millions of yen
	Year Ended March 31, 2021
Description	Balance at beginning of period		Acquisitions		Addition: Charged to costs and expenses		Deduction			Translation adjustment			Balance at end of period
Restructuring cost:
Severance and other benefits to terminated employees	¥	690	¥	0	¥	0	¥	(474	)	¥	36		¥	252
Total	¥	690	¥	0	¥	0	¥	(474	)	¥	36		¥	252
	Millions of yen
	Year Ended March 31, 2022
Description	Balance at beginning of period		Acquisitions		Addition: Charged to costs and expenses		Deduction			Translation adjustment			Balance at end of period
Restructuring cost:
Severance and other benefits to terminated employees	¥	252	¥	0	¥	2,781	¥	(187	)	¥	4		¥	2,850
Total	¥	252	¥	0	¥	2,781	¥	(187	)	¥	4		¥	2,850
	Millions of yen
Description	Balance at beginning of period		Acquisitions		Addition: Charged to costs and expenses		Deduction*1			Other*2			Balance at end of period
Deferred tax assets:
Valuation allowance
Year ended March 31, 2020	¥	13,156	¥	522	¥	3,401	¥	(1,677	)	¥	(33	)	¥	15,369
Year ended March 31, 2021	¥	15,369	¥	805	¥	7,458	¥	(2,487	)	¥	415		¥	21,560
Year ended March 31, 2022	¥	21,560	¥	1,403	¥	13,414	¥	(2,445	)	¥	1,223		¥	35,155

*1 The amount of deduction includes benefits recognized in earnings, expiration of loss carryforwards and sales of subsidiaries. The amounts of benefits recognized in earnings were ¥890 million in fiscal 2020, ¥553 million in fiscal 2021 and ¥1,742 million in fiscal 2022.

*2 The amount of other includes translation adjustment and the effect of changes in statutory tax rate.