Variable Interest Entities (Tables)

6 Months Ended

Sep. 30, 2024

Variable Interest Entity, Primary Beneficiary

Information about Variable Interest Entities (Consolidated and Non-consolidated)

1.	Consolidated VIEs

March 31, 2024


	Millions of yen
Types of VIEs	Total assets *1		Total liabilities *1		Assets which are pledged as collateral *2		Commitments *3
(a) VIEs for liquidating customer assets	¥	0	¥	0	¥	0	¥	0
(b) VIEs for acquisition of real estate and real estate development projects for customers		1,657		1		0		0
(c) VIEs for acquisition of real estate for the Company and its subsidiaries’ real estate-related business		51,654		10,461		16,434		0
(d) VIEs for corporate rehabilitation support business		5,043		29		0		0
(e) VIEs for investment in securities		217,715		117		0		77,566
(f) VIEs for securitizing financial assets such as finance lease receivable and loan receivable		213,615		165,062		213,615		0
(g) VIEs for securitization of loan receivable originated by third parties		497		1,015		497		0
(h) VIEs for power generation projects		236,715		156,000		181,610		42,102
(i) Other VIEs		165,278		54,648		122,712		0

Total	¥	892,174	¥	387,333	¥	534,868	¥	119,668


September 30, 2024

	Millions of yen
Types of VIEs	Total assets *1		Total liabilities *1		Assets which are pledged as collateral *2		Commitments *3
(a) VIEs for liquidating customer assets	¥	0	¥	0	¥	0	¥	0
(b) VIEs for acquisition of real estate and real estate development projects for customers		1,173		2		0		0
(c) VIEs for acquisition of real estate for the Company and its subsidiaries’ real estate-related business		51,895		10,688		16,780		0
(d) VIEs for corporate rehabilitation support business		4,978		7		0		0
(e) VIEs for investment in securities		226,476		110		0		77,289
(f) VIEs for securitizing financial assets such as finance lease receivable and loan receivable		77,639		52,546		77,639		0
(g) VIEs for securitization of loan receivable originated by third parties		0		0		0		0
(h) VIEs for power generation projects		242,470		152,654		187,826		67,824
(i) Other VIEs		203,625		85,723		173,971		0

Total	¥	808,256	¥	301,730	¥	456,216	¥	145,113

*1	The assets of most VIEs are used only to repay the liabilities of the VIEs, and the creditors of the liabilities of most VIEs have no recourse to other assets of the Company and its subsidiaries.

*2	The assets are pledged as collateral by VIE for financing of the VIE.

*3	This item represents remaining balance of commitments that could require the Company and its subsidiaries to provide investments or loans to the VIE.

Variable Interest Entity, Not Primary Beneficiary

Information about Variable Interest Entities (Consolidated and Non-consolidated)

2.	Non-consolidated VIEs

March 31, 2024


	Millions of yen
			Carrying amount of the variable interests in the VIEs held by the Company and its subsidiaries				Maximum exposure to loss *
Types of VIEs	Total assets		Non-recourse loans		Investments		Maximum exposure to loss *
(a) VIEs for liquidating customer assets	¥	0	¥	0	¥	0	¥	0
(b) VIEs for acquisition of real estate and real estate development projects for customers		1,196,344		52,666		11,773		67,439
(c) VIEs for acquisition of real estate for the Company and its subsidiaries’ real estate-related business		0		0		0		0
(d) VIEs for corporate rehabilitation support business		0		0		0		0
(e) VIEs for investment in securities		23,366,221		0		223,264		318,007
(f) VIEs for securitizing financial assets such as finance lease receivable and loan receivable		0		0		0		0
(g) VIEs for securitization of loan receivable originated by third parties		1,396,339		0		14,691		14,691
(h) VIEs for power generation projects		14,830		0		2,630		4,680
(i) Other VIEs		2,308,142		3,778		42,512		70,016

Total	¥	28,281,876	¥	56,444	¥	294,870	¥	474,833


September 30, 2024

	Millions of yen
			Carrying amount of the variable interests in the VIEs held by the Company and its subsidiaries				Maximum exposure to loss *
Types of VIEs	Total assets		Non-recourse loans		Investments		Maximum exposure to loss *
(a) VIEs for liquidating customer assets	¥	0	¥	0	¥	0	¥	0
(b) VIEs for acquisition of real estate and real estate development projects for customers		1,430,509		90,794		11,600		105,075
(c) VIEs for acquisition of real estate for the Company and its subsidiaries’ real estate-related business		0		0		0		0
(d) VIEs for corporate rehabilitation support business		0		0		0		0
(e) VIEs for investment in securities		25,925,417		0		233,715		327,634
(f) VIEs for securitizing financial assets such as finance lease receivable and loan receivable		0		0		0		0
(g) VIEs for securitization of loan receivable originated by third parties		728,628		0		14,616		14,616
(h) VIEs for power generation projects		16,327		0		3,444		4,694
(i) Other VIEs		2,565,404		3,561		43,300		70,018

Total	¥	30,666,285	¥	94,355	¥	306,675	¥	522,037

*	Maximum exposure to loss includes remaining balance of commitments that could require the Company and its subsidiaries to provide investments or loans to the VIE.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details