| Credit Quality of Financial Assets and the Allowance for Credit Losses |
8. Credit Quality of Financial Assets and the Allowance for Credit Losses The Company and its subsidiaries provide the following information disaggregated by portfolio segment and class of financial assets.
| |
• |
|
Allowance for credit losses |
| |
• |
|
Credit quality of financial assets | Credit quality indicators Past-due financing receivables
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• |
|
Information about modifications of financing receivables made to debtors experiencing financial difficulty | A portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. The Company and its subsidiaries classify our portfolio segments by instruments of loans, net investment in leases and other financial assets measured at amortized cost. Classes of financial assets are determined based on the initial measurement attribute, risk characteristics of the financing receivables and the method for monitoring and assessing obligors’ credit risk and are defined as the level of detail necessary for a financial statement user to understand the risks inherent in the financial assets. Classes of financial assets generally are a disaggregation of a portfolio segment, and the Company and its subsidiaries disaggregate our portfolio segments into classes by regions, instruments or industries of our debtors. The following table provides information about the allowance for credit losses for installment loans, net investment in leases and other financial assets measured at amortized cost for fiscal 2024, 2025 and 2026:
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|
Fiscal Year ended March 31, 2024 |
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|
|
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|
Allowance for
credit losses
on acquired financial
assets at
acquisition |
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|
|
|
|
|
|
|
|
|
|
|
|
|
Collective
(pool)
assessment |
|
|
|
|
| Allowance for credit losses: |
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Installment loans to consumer borrowers: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real estate loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Japan |
|
¥ |
4,092 |
|
|
¥ |
(712 |
) |
|
¥ |
0 |
|
|
¥ |
(218 |
) |
|
¥ |
151 |
|
|
¥ |
(110 |
) |
|
¥ |
3,203 |
|
|
¥ |
2,893 |
|
|
¥ |
310 |
|
| Overseas |
|
|
446 |
|
|
|
94 |
|
|
|
0 |
|
|
|
(6 |
) |
|
|
1 |
|
|
|
46 |
|
|
|
581 |
|
|
|
526 |
|
|
|
55 |
|
| Card loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Japan |
|
|
9,022 |
|
|
|
101 |
|
|
|
0 |
|
|
|
(918 |
) |
|
|
10 |
|
|
|
(8,203 |
) |
|
|
12 |
|
|
|
12 |
|
|
|
0 |
|
| Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Japan |
|
|
7,759 |
|
|
|
5,313 |
|
|
|
0 |
|
|
|
(3,856 |
) |
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|
7 |
|
|
|
(9,132 |
) |
|
|
91 |
|
|
|
6 |
|
|
|
85 |
|
| Overseas |
|
|
1,889 |
|
|
|
3,166 |
|
|
|
0 |
|
|
|
(2,736 |
) |
|
|
476 |
|
|
|
265 |
|
|
|
3,060 |
|
|
|
1,762 |
|
|
|
1,298 |
|
| Installment loans to corporate borrowers: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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| |
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Japan |
|
|
253 |
|
|
|
176 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
429 |
|
|
|
429 |
|
|
|
0 |
|
| The Americas |
|
|
1,494 |
|
|
|
74 |
|
|
|
0 |
|
|
|
(55 |
) |
|
|
0 |
|
|
|
205 |
|
|
|
1,718 |
|
|
|
660 |
|
|
|
1,058 |
|
Other than non-recourse loans |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real estate companies |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Japan |
|
|
777 |
|
|
|
176 |
|
|
|
0 |
|
|
|
(4 |
) |
|
|
26 |
|
|
|
0 |
|
|
|
975 |
|
|
|
889 |
|
|
|
86 |
|
| Overseas |
|
|
1,007 |
|
|
|
430 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
112 |
|
|
|
1,549 |
|
|
|
1,045 |
|
|
|
504 |
|
| Commercial, industrial and other companies |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Japan |
|
|
1,152 |
|
|
|
(44 |
) |
|
|
0 |
|
|
|
(281 |
) |
|
|
9 |
|
|
|
21 |
|
|
|
857 |
|
|
|
722 |
|
|
|
135 |
|
| Overseas |
|
|
19,132 |
|
|
|
8,702 |
|
|
|
0 |
|
|
|
(4,762 |
) |
|
|
176 |
|
|
|
2,576 |
|
|
|
25,824 |
|
|
|
16,061 |
|
|
|
9,763 |
|
| Loans to Equity method investees |
|
|
650 |
|
|
|
99 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
129 |
|
|
|
878 |
|
|
|
422 |
|
|
|
456 |
|
| Purchased loans *1 |
|
|
1,148 |
|
|
|
13 |
|
|
|
47,676 |
|
|
|
(47,722 |
) |
|
|
2 |
|
|
|
16 |
|
|
|
1,133 |
|
|
|
548 |
|
|
|
585 |
|
| Net investment in leases: |
|
|
15,719 |
|
|
|
3,064 |
|
|
|
0 |
|
|
|
(2,635 |
) |
|
|
26 |
|
|
|
606 |
|
|
|
16,780 |
|
|
|
10,866 |
|
|
|
5,914 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Subtotal |
|
|
64,540 |
|
|
|
20,652 |
|
|
|
47,676 |
|
|
|
(63,193 |
) |
|
|
884 |
|
|
|
(13,469 |
) |
|
|
57,090 |
|
|
|
36,841 |
|
|
|
20,249 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other financial assets measured at amortized cost *2 |
|
|
833 |
|
|
|
311 |
|
|
|
0 |
|
|
|
(280 |
) |
|
|
9 |
|
|
|
147 |
|
|
|
1,020 |
|
|
|
321 |
|
|
|
699 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
¥ |
65,373 |
|
|
¥ |
20,963 |
|
|
¥ |
47,676 |
|
|
¥ |
(63,473 |
) |
|
¥ |
893 |
|
|
¥ |
(13,322 |
) |
|
¥ |
58,110 |
|
|
¥ |
37,162 |
|
|
¥ |
20,948 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year ended March 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for
credit losses
on acquired
financial
assets at
acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Collective
(pool)
assessment |
|
|
|
|
| Allowance for credit losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Installment loans to consumer borrowers: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real estate loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Japan |
|
¥ |
3,203 |
|
|
¥ |
(317 |
) |
|
¥ |
0 |
|
|
¥ |
(62 |
) |
|
¥ |
66 |
|
|
¥ |
1 |
|
|
¥ |
2,891 |
|
|
¥ |
2,609 |
|
|
¥ |
282 |
|
| Overseas |
|
|
581 |
|
|
|
1,202 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1 |
|
|
|
(105 |
) |
|
|
1,679 |
|
|
|
505 |
|
|
|
1,174 |
|
| Card loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Japan |
|
|
12 |
|
|
|
13 |
|
|
|
0 |
|
|
|
0 |
|
|
|
11 |
|
|
|
0 |
|
|
|
36 |
|
|
|
36 |
|
|
|
0 |
|
| Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Japan |
|
|
91 |
|
|
|
(8 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
7 |
|
|
|
0 |
|
|
|
90 |
|
|
|
6 |
|
|
|
84 |
|
| Overseas |
|
|
3,060 |
|
|
|
2,996 |
|
|
|
0 |
|
|
|
(3,237 |
) |
|
|
453 |
|
|
|
(224 |
) |
|
|
3,048 |
|
|
|
1,355 |
|
|
|
1,693 |
|
| Installment loans to corporate borrowers: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Japan |
|
|
429 |
|
|
|
33 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
462 |
|
|
|
462 |
|
|
|
0 |
|
| The Americas |
|
|
1,718 |
|
|
|
1,066 |
|
|
|
0 |
|
|
|
(150 |
) |
|
|
0 |
|
|
|
(41 |
) |
|
|
2,593 |
|
|
|
1,548 |
|
|
|
1,045 |
|
Other than non-recourse loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real estate companies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Japan |
|
|
975 |
|
|
|
(14 |
) |
|
|
0 |
|
|
|
(78 |
) |
|
|
26 |
|
|
|
(1 |
) |
|
|
908 |
|
|
|
877 |
|
|
|
31 |
|
| Overseas |
|
|
1,549 |
|
|
|
682 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(185 |
) |
|
|
2,046 |
|
|
|
764 |
|
|
|
1,282 |
|
| Commercial, industrial and other companies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Japan |
|
|
857 |
|
|
|
359 |
|
|
|
0 |
|
|
|
(146 |
) |
|
|
7 |
|
|
|
1 |
|
|
|
1,078 |
|
|
|
586 |
|
|
|
492 |
|
| Overseas |
|
|
25,824 |
|
|
|
1,094 |
|
|
|
0 |
|
|
|
(4,048 |
) |
|
|
34 |
|
|
|
(2,841 |
) |
|
|
20,063 |
|
|
|
11,919 |
|
|
|
8,144 |
|
| Loans to Equity method investees |
|
|
878 |
|
|
|
954 |
|
|
|
0 |
|
|
|
(255 |
) |
|
|
0 |
|
|
|
(65 |
) |
|
|
1,512 |
|
|
|
167 |
|
|
|
1,345 |
|
| Purchased loans *1 |
|
|
1,133 |
|
|
|
80 |
|
|
|
7,507 |
|
|
|
(7,547 |
) |
|
|
2 |
|
|
|
167 |
|
|
|
1,342 |
|
|
|
521 |
|
|
|
821 |
|
| Net investment in leases: |
|
|
16,780 |
|
|
|
4,934 |
|
|
|
0 |
|
|
|
(3,505 |
) |
|
|
91 |
|
|
|
(178 |
) |
|
|
18,122 |
|
|
|
11,236 |
|
|
|
6,886 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Subtotal |
|
|
57,090 |
|
|
|
13,074 |
|
|
|
7,507 |
|
|
|
(19,028 |
) |
|
|
698 |
|
|
|
(3,471 |
) |
|
|
55,870 |
|
|
|
32,591 |
|
|
|
23,279 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other financial assets measured at amortized cost *2 |
|
|
1,020 |
|
|
|
179 |
|
|
|
0 |
|
|
|
(276 |
) |
|
|
14 |
|
|
|
(38 |
) |
|
|
899 |
|
|
|
299 |
|
|
|
600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
¥ |
58,110 |
|
|
¥ |
13,253 |
|
|
¥ |
7,507 |
|
|
¥ |
(19,304 |
) |
|
¥ |
712 |
|
|
¥ |
(3,509 |
) |
|
¥ |
56,769 |
|
|
¥ |
32,890 |
|
|
¥ |
23,879 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year ended March 31, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for
credit losses
on acquired
financial
assets at
acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Collective
(pool)
assessment |
|
|
|
|
Allowance for credit losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Installment loans to consumer borrowers: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan |
|
¥ |
2,891 |
|
|
¥ |
180 |
|
|
¥ |
0 |
|
|
¥ |
(130 |
) |
|
¥ |
36 |
|
|
¥ |
(153 |
) |
|
¥ |
2,824 |
|
|
¥ |
2,615 |
|
|
¥ |
209 |
|
Overseas |
|
|
1,679 |
|
|
|
262 |
|
|
|
0 |
|
|
|
(202 |
) |
|
|
0 |
|
|
|
80 |
|
|
|
1,819 |
|
|
|
367 |
|
|
|
1,452 |
|
Card loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan |
|
|
36 |
|
|
|
(7 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
6 |
|
|
|
0 |
|
|
|
35 |
|
|
|
35 |
|
|
|
0 |
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan |
|
|
90 |
|
|
|
(5 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
2 |
|
|
|
(84 |
) |
|
|
3 |
|
|
|
3 |
|
|
|
0 |
|
Overseas |
|
|
3,048 |
|
|
|
2,203 |
|
|
|
0 |
|
|
|
(3,720 |
) |
|
|
337 |
|
|
|
224 |
|
|
|
2,092 |
|
|
|
1,449 |
|
|
|
643 |
|
Installment loans to corporate borrowers: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan |
|
|
462 |
|
|
|
126 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(6 |
) |
|
|
582 |
|
|
|
582 |
|
|
|
0 |
|
Overseas |
|
|
2,593 |
|
|
|
2,969 |
|
|
|
0 |
|
|
|
(1,264 |
) |
|
|
0 |
|
|
|
1,337 |
|
|
|
5,635 |
|
|
|
2,224 |
|
|
|
3,411 |
|
Other than non-recourse loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate companies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan |
|
|
908 |
|
|
|
192 |
|
|
|
0 |
|
|
|
(18 |
) |
|
|
25 |
|
|
|
(84 |
) |
|
|
1,023 |
|
|
|
1,021 |
|
|
|
2 |
|
Overseas |
|
|
2,046 |
|
|
|
320 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(876 |
) |
|
|
1,490 |
|
|
|
519 |
|
|
|
971 |
|
Commercial, industrial and other companies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan |
|
|
1,078 |
|
|
|
167 |
|
|
|
0 |
|
|
|
(24 |
) |
|
|
43 |
|
|
|
(75 |
) |
|
|
1,189 |
|
|
|
691 |
|
|
|
498 |
|
Overseas |
|
|
20,063 |
|
|
|
11,799 |
|
|
|
0 |
|
|
|
(3,067 |
) |
|
|
197 |
|
|
|
1,633 |
|
|
|
30,625 |
|
|
|
11,946 |
|
|
|
18,679 |
|
Loans to Equity method investees |
|
|
1,512 |
|
|
|
(169 |
) |
|
|
0 |
|
|
|
(1,439 |
) |
|
|
2 |
|
|
|
94 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
Purchased loans *1 |
|
|
1,342 |
|
|
|
322 |
|
|
|
3,633 |
|
|
|
(3,763 |
) |
|
|
11 |
|
|
|
5,943 |
|
|
|
7,488 |
|
|
|
133 |
|
|
|
7,355 |
|
Net investment in leases: |
|
|
18,122 |
|
|
|
4,933 |
|
|
|
0 |
|
|
|
(4,938 |
) |
|
|
365 |
|
|
|
1,425 |
|
|
|
19,907 |
|
|
|
13,218 |
|
|
|
6,689 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal |
|
|
55,870 |
|
|
|
23,292 |
|
|
|
3,633 |
|
|
|
(18,565 |
) |
|
|
1,024 |
|
|
|
9,458 |
|
|
|
74,712 |
|
|
|
34,803 |
|
|
|
39,909 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other financial assets measured at amortized cost *2 |
|
|
899 |
|
|
|
1,482 |
|
|
|
4,491 |
|
|
|
(1,336 |
) |
|
|
2 |
|
|
|
(56 |
) |
|
|
5,482 |
|
|
|
659 |
|
|
|
4,823 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
¥ |
56,769 |
|
|
¥ |
24,774 |
|
|
¥ |
8,124 |
|
|
¥ |
(19,901 |
) |
|
¥ |
1,026 |
|
|
¥ |
9,402 |
|
|
¥ |
80,194 |
|
|
¥ |
35,462 |
|
|
¥ |
44,732 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Notes: 1 |
|
Loans held for sale and policy loan receivables of an insurance entity are not in the scope of allowance for credit losses. |
| 2 |
|
Since April 1, 2025, the geographic classification of Non-recourse loans within Installment loans to corporate borrowers has been changed from “The Americas” to “Overseas,” reflecting the occurrence of transactions outside The Americas, although the principal assets remain located in The Americas. |
| *1 |
Purchased loans represent loans with evidence of deterioration of credit quality since origination and for which it is probable at acquisition that collection of all contractually required payments from the debtors is unlikely. |
| *2 |
The allowance for other financial assets measured at amortized cost includes the allowance for credit losses on financing receivables, such as accounts receivable, which include purchased trade receivables. Other financial assets measured at amortized cost are mainly “Trade notes, accounts and other receivables” on the consolidated balance sheets. |
| *3 |
“Provision for credit losses” in the consolidated statements of income amounted to provisions of ¥20,968 million, ¥18,723 million and ¥34,017 million for fiscal 2024, 2025 and 2026 respectively. The reconciliation between the above table and the amounts reported on the consolidated statements of income in fiscal 2024, 2025 and 2026 are as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year
ended March 31,
2024 |
|
|
Fiscal Year
ended March 31,
2025 |
|
|
Fiscal Year
ended March 31,
2026 |
|
|
|
Provision for
credit losses |
|
|
Provision for
credit losses |
|
|
Provision for
credit losses |
|
Net investment in leases |
|
¥ |
3,064 |
|
|
¥ |
4,934 |
|
|
¥ |
4,933 |
|
Installment loans |
|
|
17,588 |
|
|
|
8,140 |
|
|
|
18,359 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal in the above table |
|
|
20,652 |
|
|
|
13,074 |
|
|
|
23,292 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other financial assets measured at amortized cost |
|
|
311 |
|
|
|
179 |
|
|
|
1,482 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total in the above table |
|
|
20,963 |
|
|
|
13,253 |
|
|
|
24,774 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Off-balance sheet credit exposures *3(a) |
|
|
(440 |
) |
|
|
5,297 |
|
|
|
7,211 |
|
|
|
|
445 |
|
|
|
173 |
|
|
|
2,032 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount reported on the consolidated financial statements |
|
¥ |
20,968 |
|
|
¥ |
18,723 |
|
|
¥ |
34,017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
*3(a) |
The allowance for off-balance sheet credit exposure were ¥5,116 million, ¥9,766 million and ¥17,676 million as of March 31, 2024, 2025 and 2026, respectively, and the amounts are recorded in “Other liabilities” on the consolidated balance sheets. For further information, see Note 31 “Commitments, Guarantees and Contingent Liabilities.” |
| |
*3(b) |
The allowance for debt securities were ¥634 million ¥670 million and ¥3,505 million as of March 31, 2024, 2025 and 2026, respectively, and the amounts are recorded as a reduction in “Investments in securities” on the consolidated balance sheets. For further information, see Note 9 “Investment in Securities.” |
| *4 |
Included in Charge-offs of purchased loans were write-offs of purchased loans at the acquisition date of ¥ 47,676 million, ¥7,507 million and ¥3,633 million during fiscal 2024, 2025 and 2026. |
| *5 |
“Other” mainly includes foreign currency translation adjustments and increases or decreases in allowance due to consolidation or deconsolidation of subsidiaries. | The following table provides information about purchased loans and about purchased trade receivables acquired in fiscal 2024, 2025 and 2026, for which it is probable at acquisition that collection of all contractually required payments is unlikely. Such receivables include those acquired in connection with the consolidation of subsidiaries:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year
ended March 31,
2024 |
|
|
Fiscal Year
ended March 31,
2025 |
|
|
Fiscal Year
ended March 31,
2026 |
|
Purchase price |
|
¥ |
12,271 |
|
|
¥ |
5,264 |
|
|
¥ |
18,162 |
|
Allowance for credit losses at acquisition date |
|
|
47,676 |
|
|
|
7,507 |
|
|
|
15,079 |
|
Discount or premium attributable to other factors |
|
|
1,188 |
|
|
|
1,332 |
|
|
|
2,368 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par value |
|
¥ |
61,135 |
|
|
¥ |
14,103 |
|
|
¥ |
35,609 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| T he Company and its subsidiaries estimate an allowance for credit losses for all credit losses expected to occur in future over the remaining life of financial assets, and recognize the allowance adequately based on management judgement. In developing the allowance for credit losses, the Company and its subsidiaries consider, among other things, the following factors in collective assessment and individual assessment by each portfolio:
| |
• |
|
business characteristics and financial conditions of obligors; |
| |
• |
|
prior charge-off experience; |
| |
• |
|
current delinquencies and delinquency trends; |
| |
• |
|
value of underlying collateral and guarantees; and |
| |
• |
|
current economic and business conditions and expected outlook in future. | The Company and its subsidiaries manage credit risk using various indicators specific to the region, industry, and types of assets, in accordance with the group risk management policy. For credit transactions, the basic group policy is to obtain sufficient collateral and guarantees, and to diversify industries and borrowers, and the Company and its subsidiaries comprehensively evaluate and monitor the financial condition and cash flows of borrowers, underlying collateral and guarantees, and profitability. The Company and its subsidiaries also manage exposure to potentially high-risk markets by establishing appropriate credit limits through portfolio analysis. Due to the diversity of assets and risk indicators held by the Company and its subsidiaries, the Company and its subsidiaries monitor the credit quality indicators as performing and non-performing assets as indicators that are common across all classes. The category of non-performing assets includes financing receivables for debtors who have filed for insolvency proceedings, whose bank transactions are suspended, whose bills are dishonored, whose businesses have deteriorated, whose repayment is past-due 90 days or more, financing receivables modified to debtors experiencing financial difficulty, and performing assets include all other financing receivables. Regarding purchased loans, they are classified as non-performing assets when it is probable that the acquisition cost of purchased loans cannot be collected, while all the other purchased loans are included in the category of performing assets. Certain subsidiaries, in the normal course of their business operations, sell mortgage loans to the Government National Mortgage Association (“Ginnie Mae” or “GNMA”) and the Federal National Mortgage Association (“Fannie Mae”) and retain the servicing rights. The GNMA and Fannie Mae programs under which these loans are sold allow such subsidiaries, at their option and without prior authorization from GNMA or Fannie Mae, to repurchase individual delinquent loans that meet certain criteria for an amount equal to 100% of the remaining principal balance of the loan. Under ASC 860 (“Transfers and Servicing”), once a subsidiary has the unconditional ability to repurchase a delinquent loan, the subsidiary is deemed to have regained effective control over the loan. Accordingly, the subsidiary is required to recognize the loan as an asset on the balance sheet and record a corresponding liability, regardless of whether the subsidiary intends to exercise the repurchase option. During the prior fiscal year and the current fiscal year, the subsidiaries did not exercise the option to repurchase any delinquent loans. The loans meeting the criteria for repurchase totaled ¥ 14,362 million, ¥ 48,855 million and ¥ 76,395 million as of March 31, 2024, 2025 and 2026, respectively. These loans are included in installment loans on the consolidated balance sheets, with a corresponding liability recorded in other liabilities. The loans that have been recognized on the consolidated balance sheets as described above continue to be administered under the framework of the programs provided by GNMA and other government-related agencies. Credit losses associated with these loans are addressed through the guarantee and insurance mechanisms or loss sharing agreements applicable under such programs. The recognition of these loans as assets pursuant to accounting standards does not indicate that the subsidiaries bear any additional credit risk or risk of non-recovery associated with the loans. In addition, as of the end of the previous and current fiscal year, the subsidiaries have not made any decisions nor commenced any procedures to exercise the repurchase option with respect to delinquent loans. Accordingly, these loans are not included within non-performing loans. When certain performing financial assets mainly have similar risk characteristics to other financial assets, the performing financial assets are collectively evaluated as a pool. On the contrary, when financial assets do not have similar risk characteristics to other financial assets, the financial assets are evaluated individually. Loans to consumer borrowers Loans to consumer borrowers mainly consist of real estate loans and card loans. The credit quality of real estate loans is affected by the cash flows derived from the property and its collateral value. The credit quality of card loans is affected by the repayment ability of customers such as customer credit standing or payment history. The Company and its subsidiaries use these factors to estimate the allowance for credit losses because they are reflected in the probability of default and loss given default in each portfolio. Loans to corporate borrowers Loans to corporate borrowers are classified into non-recourse loans and loans other than non-recourse loans. The credit quality of non-recourse loans for which cash flows from real estate are the source of repayment depends mainly on the real estate collateral value. Loans other than non-recourse loans are classified into either real estate companies or commercial, industrial and other companies, each of which are further divided into Japan and overseas. The credit quality of real estate companies is affected by mainly Japanese and Americas real estate markets and trends. The credit quality of commercial, industrial and other companies, which consist of various industries, is affected mainly by broader financial and economic conditions and trends in Japan, the Americas and Asian countries. The allowance for credit losses for loans to corporate borrowers is estimated by considering, among others, debtors’ situation, as well as economic conditions and trends in its industries, the value of underlying collateral and guarantees, and probability of default and loss given default. Loans to equity method investees Equity method investees are diversified in various industries and countries. The credit quality of loans to equity method investees is affected mainly by broader financial and economic conditions and trends in Japan, the Americas and Asian countries. The allowance for credit losses for loans to equity method investees is estimated by considering, among others, debtors’ situation, as well as economic conditions and trends in its industries, the value of underlying collateral and guarantees, and probability of default and loss given default. Net investment in leases consists of leases of various equipment types, including office equipment, industrial machinery, transportation equipment and real estate properties. The allowance for credit losses for net investment in leases is estimated based on the value of the underlying leased assets, debtors’ situation, economic conditions and trends in its industries, and probability of default and loss given default. In common with portfolio segments, the forecasted future economic indicators correlated with the prior charge-off experience are reflected to the estimate of the allowance for credit losses. Economic indicators correlated with prior charge-off experience are determined over the reasonable and supportable forecasted period. Economic indicators include GDP growth rates, consumer price indices, unemployment rates, and government bond interest rates. It also considers forward-looking scenarios of how the selected economic indicators will change in the future. The Company and its subsidiaries use the latest economic forecasts available from the economic reports published by governments and central banks, as well as from third-party information providers as economic indicators. On the other hand, for periods beyond which the Company and its subsidiaries are able to make or obtain reasonable and supportable forecasts of future economic indicators of the entire life of the financial asset, expected credit losses are estimated for the remaining life mainly using an appropriate reversion approach, mainly immediate reversion to historical credit loss information. There have been no significant changes during fiscal 2026 to methodologies and economic indicators used to estimate the allowance for credit losses. When non-performing financial assets with deteriorated credit quality have similar risk characteristics to other financial assets, the allowance for credit losses is collectively evaluated based on mainly loss given default. On the other hand, if the non-performing financial assets do not have similar risk characteristics to other financial assets, the allowance for credit losses is individually evaluated. In the individual assessment the allowance for credit losses is estimated individually based on the present value of expected future cash flows, the observable market price or the fair value of the collateral securing the financing receivables if the financing receivables are collateral-dependent. The collateral-dependent financing receivables are defined as the finance receivables, which a debtor would be in financial difficulty and the collection significantly depend on the collateral. These financing receivables are mainly non-recourse loans and purchased loans for which cash flows from underlying real estate is the source of repayment. For non-recourse loans, their collection depends on the real estate collateral value, which may decline as a result of a decrease in liquidity of the real estate market, a rise in vacancy rate of rental properties, a fall in rents and other factors. For purchased loans, their collection may decrease due to a decline in the real estate collateral value and debtors’ creditworthiness. Thus, the changes in these risks affect the amount of the allowance for credit losses. In common with all portfolio segments, the Company and its subsidiaries charge off doubtful receivables when the likelihood of any future collection is believed to be minimal, mainly based upon an evaluation of the relevant debtors’ creditworthiness and the liquidation status of collateral. The following table provides information about the origination years of financial assets as of March 31, 2025 and 2026 and the gross write-offs, corresponding to each class of financial assets by origination year, recorded during fiscal 2025 and 2026. Card loans to consumer borrowers with a revolving repayment feature that cannot be classified into the origination year are excluded from the table.
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|
Origination year (years ended March 31) |
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Consumer borrowers: |
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|
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|
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|
|
|
|
|
|
|
|
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|
|
|
|
|
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Performing |
|
¥ |
358,952 |
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|
¥ |
154,694 |
|
|
¥ |
159,847 |
|
|
¥ |
143,281 |
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|
¥ |
227,594 |
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|
¥ |
936,220 |
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|
¥ |
1,980,588 |
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Non-Performing |
|
|
586 |
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|
|
1,421 |
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|
|
3,101 |
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|
|
2,086 |
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|
668 |
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|
|
11,576 |
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¥ |
19,438 |
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Gross write-offs |
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|
206 |
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|
1,773 |
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|
|
1,136 |
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|
|
106 |
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|
8 |
|
|
|
70 |
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¥ |
3,299 |
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Real estate loans |
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Performing |
|
|
339,308 |
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|
142,337 |
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|
|
152,451 |
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|
|
142,224 |
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|
227,484 |
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|
935,996 |
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¥ |
1,939,800 |
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Non-Performing |
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|
224 |
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|
472 |
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|
|
2,110 |
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|
|
2,057 |
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|
666 |
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|
11,487 |
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¥ |
17,016 |
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Gross write-offs |
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0 |
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0 |
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|
|
0 |
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|
0 |
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|
|
0 |
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|
62 |
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¥ |
62 |
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Other |
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Performing |
|
|
19,644 |
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|
|
12,357 |
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|
|
7,396 |
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|
|
1,057 |
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|
110 |
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|
|
224 |
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¥ |
40,788 |
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Non-Performing |
|
|
362 |
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|
949 |
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|
991 |
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|
29 |
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|
2 |
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|
|
89 |
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|
¥ |
2,422 |
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Gross write-offs |
|
|
206 |
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|
|
1,773 |
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|
|
1,136 |
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|
106 |
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|
8 |
|
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|
8 |
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¥ |
3,237 |
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Corporate borrowers: |
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Performing |
|
|
865,495 |
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|
246,134 |
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|
|
133,623 |
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|
|
154,928 |
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|
|
42,744 |
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|
175,757 |
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¥ |
1,618,681 |
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Non-Performing |
|
|
2,389 |
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|
|
8,970 |
|
|
|
4,353 |
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|
|
33,020 |
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|
|
7,593 |
|
|
|
14,275 |
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¥ |
70,600 |
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Gross write-offs |
|
|
65 |
|
|
|
181 |
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|
|
73 |
|
|
|
2,485 |
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|
|
24 |
|
|
|
1,594 |
|
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¥ |
4,422 |
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Origination year (years ended March 31) |
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Performing |
|
|
225,394 |
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|
|
52,292 |
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|
|
10,487 |
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|
|
6,932 |
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|
0 |
|
|
|
6,372 |
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¥ |
301,477 |
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Gross write-offs |
|
|
0 |
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|
0 |
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|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
¥ |
0 |
|
The Americas |
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|
|
|
|
|
|
|
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|
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|
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Performing |
|
|
44,762 |
|
|
|
20,079 |
|
|
|
7,540 |
|
|
|
886 |
|
|
|
135 |
|
|
|
9,491 |
|
|
¥ |
82,893 |
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|
|
Non-Performing |
|
|
0 |
|
|
|
0 |
|
|
|
67 |
|
|
|
0 |
|
|
|
0 |
|
|
|
3,764 |
|
|
¥ |
3,831 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
150 |
|
|
¥ |
150 |
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|
|
|
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|
Other than non-recourse loans |
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|
Real estate companies in Japan |
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|
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|
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|
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|
|
|
|
|
|
|
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Performing |
|
|
205,004 |
|
|
|
67,092 |
|
|
|
33,558 |
|
|
|
23,295 |
|
|
|
19,072 |
|
|
|
67,088 |
|
|
¥ |
415,109 |
|
|
|
Non-Performing |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
8 |
|
|
|
549 |
|
|
¥ |
557 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
78 |
|
|
¥ |
78 |
|
Real estate companies in overseas |
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|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
Performing |
|
|
57,678 |
|
|
|
2,458 |
|
|
|
8,833 |
|
|
|
2,828 |
|
|
|
504 |
|
|
|
6,469 |
|
|
¥ |
78,770 |
|
|
|
Non-Performing |
|
|
104 |
|
|
|
680 |
|
|
|
1,283 |
|
|
|
1,188 |
|
|
|
0 |
|
|
|
162 |
|
|
¥ |
3,417 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
¥ |
0 |
|
Commercial, industrial and other companies in Japan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
131,439 |
|
|
|
38,390 |
|
|
|
20,382 |
|
|
|
10,761 |
|
|
|
6,412 |
|
|
|
17,740 |
|
|
¥ |
225,124 |
|
|
|
Non-Performing |
|
|
415 |
|
|
|
58 |
|
|
|
130 |
|
|
|
11 |
|
|
|
76 |
|
|
|
86 |
|
|
¥ |
776 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
6 |
|
|
|
140 |
|
|
¥ |
146 |
|
Commercial, industrial and other companies in overseas |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
201,218 |
|
|
|
65,823 |
|
|
|
52,823 |
|
|
|
110,226 |
|
|
|
16,621 |
|
|
|
68,597 |
|
|
¥ |
515,308 |
|
|
|
Non-Performing |
|
|
1,870 |
|
|
|
8,232 |
|
|
|
2,873 |
|
|
|
31,821 |
|
|
|
7,509 |
|
|
|
9,714 |
|
|
¥ |
62,019 |
|
|
|
Gross write-offs |
|
|
65 |
|
|
|
181 |
|
|
|
73 |
|
|
|
2,485 |
|
|
|
18 |
|
|
|
1,226 |
|
|
¥ |
4,048 |
|
Loans to Equity method investees: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
515 |
|
|
|
111,724 |
|
|
|
2,028 |
|
|
|
0 |
|
|
|
1,583 |
|
|
|
14,858 |
|
|
¥ |
130,708 |
|
|
|
Non-Performing |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,345 |
|
|
¥ |
1,345 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
0 |
|
|
|
55 |
|
|
|
39 |
|
|
|
0 |
|
|
|
161 |
|
|
¥ |
255 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Origination year (years ended March 31) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchased loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
0 |
|
|
|
52 |
|
|
|
14 |
|
|
|
476 |
|
|
|
86 |
|
|
|
19,497 |
|
|
¥ |
20,125 |
|
|
|
Non-Performing |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
31 |
|
|
|
0 |
|
|
|
1,233 |
|
|
¥ |
1,264 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
57 |
|
|
|
255 |
|
|
|
7,235 |
|
|
¥ |
7,547 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment in leases: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
448,045 |
|
|
|
316,681 |
|
|
|
179,111 |
|
|
|
89,639 |
|
|
|
47,256 |
|
|
|
64,828 |
|
|
¥ |
1,145,560 |
|
|
|
Non-Performing |
|
|
2,381 |
|
|
|
5,398 |
|
|
|
4,893 |
|
|
|
1,879 |
|
|
|
836 |
|
|
|
6,433 |
|
|
¥ |
21,820 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
456 |
|
|
|
1,029 |
|
|
|
538 |
|
|
|
353 |
|
|
|
1,129 |
|
|
¥ |
3,505 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
199,069 |
|
|
|
145,491 |
|
|
|
101,351 |
|
|
|
67,720 |
|
|
|
40,680 |
|
|
|
60,287 |
|
|
¥ |
614,598 |
|
|
|
Non-Performing |
|
|
160 |
|
|
|
628 |
|
|
|
763 |
|
|
|
808 |
|
|
|
500 |
|
|
|
1,506 |
|
|
¥ |
4,365 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
34 |
|
|
|
135 |
|
|
|
254 |
|
|
|
256 |
|
|
|
627 |
|
|
¥ |
1,306 |
|
Overseas |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
248,976 |
|
|
|
171,190 |
|
|
|
77,760 |
|
|
|
21,919 |
|
|
|
6,576 |
|
|
|
4,541 |
|
|
¥ |
530,962 |
|
|
|
Non-Performing |
|
|
2,221 |
|
|
|
4,770 |
|
|
|
4,130 |
|
|
|
1,071 |
|
|
|
336 |
|
|
|
4,927 |
|
|
¥ |
17,455 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
422 |
|
|
|
894 |
|
|
|
284 |
|
|
|
97 |
|
|
|
502 |
|
|
¥ |
2,199 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total (excluding revolving repayment card loans) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
¥ |
1,673,007 |
|
|
¥ |
829,285 |
|
|
¥ |
474,623 |
|
|
¥ |
388,324 |
|
|
¥ |
319,263 |
|
|
¥ |
1,211,160 |
|
|
¥ |
4,895,662 |
|
|
|
Non-Performing |
|
|
5,356 |
|
|
|
15,789 |
|
|
|
12,347 |
|
|
|
37,016 |
|
|
|
9,097 |
|
|
|
34,862 |
|
|
¥ |
114,467 |
|
|
|
Gross write-offs |
|
|
271 |
|
|
|
2,410 |
|
|
|
2,293 |
|
|
|
3,225 |
|
|
|
640 |
|
|
|
10,189 |
|
|
¥ |
19,028 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Origination year (years ended March 31) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer borrowers: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
¥ |
392,074 |
|
|
¥ |
290,820 |
|
|
¥ |
136,404 |
|
|
¥ |
137,394 |
|
|
¥ |
130,105 |
|
|
¥ |
958,672 |
|
|
¥ |
2,045,469 |
|
|
|
Non-Performing |
|
|
451 |
|
|
|
3,465 |
|
|
|
2,184 |
|
|
|
5,041 |
|
|
|
1,405 |
|
|
|
10,452 |
|
|
¥ |
22,998 |
|
|
|
Gross write-offs |
|
|
137 |
|
|
|
1,046 |
|
|
|
1,390 |
|
|
|
1,156 |
|
|
|
128 |
|
|
|
195 |
|
|
¥ |
4,052 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
371,586 |
|
|
|
279,725 |
|
|
|
130,960 |
|
|
|
134,882 |
|
|
|
129,906 |
|
|
|
958,622 |
|
|
¥ |
2,005,681 |
|
|
|
Non-Performing |
|
|
195 |
|
|
|
3,063 |
|
|
|
1,888 |
|
|
|
4,817 |
|
|
|
1,401 |
|
|
|
10,448 |
|
|
¥ |
21,812 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
34 |
|
|
|
105 |
|
|
|
193 |
|
|
¥ |
332 |
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
20,488 |
|
|
|
11,095 |
|
|
|
5,444 |
|
|
|
2,512 |
|
|
|
199 |
|
|
|
50 |
|
|
¥ |
39,788 |
|
|
|
Non-Performing |
|
|
256 |
|
|
|
402 |
|
|
|
296 |
|
|
|
224 |
|
|
|
4 |
|
|
|
4 |
|
|
¥ |
1,186 |
|
|
|
Gross write-offs |
|
|
137 |
|
|
|
1,046 |
|
|
|
1,390 |
|
|
|
1,122 |
|
|
|
23 |
|
|
|
2 |
|
|
¥ |
3,720 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
813,938 |
|
|
|
449,888 |
|
|
|
164,930 |
|
|
|
78,714 |
|
|
|
107,095 |
|
|
|
133,575 |
|
|
¥ |
1,748,140 |
|
|
|
Non-Performing |
|
|
1,276 |
|
|
|
3,184 |
|
|
|
9,835 |
|
|
|
7,692 |
|
|
|
13,814 |
|
|
|
26,748 |
|
|
¥ |
62,549 |
|
|
|
Gross write-offs |
|
|
305 |
|
|
|
76 |
|
|
|
471 |
|
|
|
74 |
|
|
|
143 |
|
|
|
3,304 |
|
|
¥ |
4,373 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Origination year (years ended March 31) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
181,856 |
|
|
|
113,115 |
|
|
|
30,906 |
|
|
|
7,633 |
|
|
|
6,753 |
|
|
|
2,858 |
|
|
¥ |
343,121 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
¥ |
0 |
|
Overseas |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
89,661 |
|
|
|
61,545 |
|
|
|
23,222 |
|
|
|
7,398 |
|
|
|
2,037 |
|
|
|
4,439 |
|
|
¥ |
188,302 |
|
|
|
Non-Performing |
|
|
0 |
|
|
|
79 |
|
|
|
4,656 |
|
|
|
855 |
|
|
|
1,065 |
|
|
|
5,351 |
|
|
¥ |
12,006 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,264 |
|
|
¥ |
1,264 |
|
Other than non-recourse loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate companies in Japan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
211,938 |
|
|
|
96,971 |
|
|
|
40,453 |
|
|
|
22,320 |
|
|
|
19,139 |
|
|
|
69,631 |
|
|
¥ |
460,452 |
|
|
|
Non-Performing |
|
|
0 |
|
|
|
19 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
535 |
|
|
¥ |
554 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
5 |
|
|
|
0 |
|
|
|
13 |
|
|
¥ |
18 |
|
Real estate companies in overseas |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
46,394 |
|
|
|
5,163 |
|
|
|
1,147 |
|
|
|
1,120 |
|
|
|
0 |
|
|
|
5,848 |
|
|
¥ |
59,672 |
|
|
|
Non-Performing |
|
|
0 |
|
|
|
0 |
|
|
|
440 |
|
|
|
1,586 |
|
|
|
63 |
|
|
|
92 |
|
|
¥ |
2,181 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
¥ |
0 |
|
Commercial, industrial and other companies in Japan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
111,912 |
|
|
|
52,689 |
|
|
|
28,678 |
|
|
|
8,018 |
|
|
|
8,374 |
|
|
|
8,501 |
|
|
¥ |
218,172 |
|
|
|
Non-Performing |
|
|
14 |
|
|
|
411 |
|
|
|
47 |
|
|
|
116 |
|
|
|
11 |
|
|
|
139 |
|
|
¥ |
738 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
0 |
|
|
|
8 |
|
|
|
7 |
|
|
|
0 |
|
|
|
9 |
|
|
¥ |
24 |
|
Commercial, industrial and other companies in overseas |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
172,177 |
|
|
|
120,405 |
|
|
|
40,524 |
|
|
|
32,225 |
|
|
|
70,792 |
|
|
|
42,298 |
|
|
¥ |
478,421 |
|
|
|
Non-Performing |
|
|
1,262 |
|
|
|
2,675 |
|
|
|
4,692 |
|
|
|
5,135 |
|
|
|
12,675 |
|
|
|
20,631 |
|
|
¥ |
47,070 |
|
|
|
Gross write-offs |
|
|
305 |
|
|
|
76 |
|
|
|
463 |
|
|
|
62 |
|
|
|
143 |
|
|
|
2,018 |
|
|
¥ |
3,067 |
|
Loans to Equity method investees: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
3,032 |
|
|
|
573 |
|
|
|
585 |
|
|
|
2,005 |
|
|
|
21 |
|
|
|
15,020 |
|
|
¥ |
21,236 |
|
|
|
Non-Performing |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
¥ |
0 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,439 |
|
|
¥ |
1,439 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
0 |
|
|
|
792 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
13,019 |
|
|
¥ |
13,811 |
|
|
|
Non-Performing |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
228 |
|
|
¥ |
228 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
10 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
3,753 |
|
|
¥ |
3,763 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Origination year (years ended March 31) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment in leases: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
490,025 |
|
|
|
327,849 |
|
|
|
202,407 |
|
|
|
96,189 |
|
|
|
47,874 |
|
|
|
56,070 |
|
|
¥ |
1,220,414 |
|
|
|
Non-Performing |
|
|
3,616 |
|
|
|
5,892 |
|
|
|
6,810 |
|
|
|
3,699 |
|
|
|
1,456 |
|
|
|
5,604 |
|
|
¥ |
27,077 |
|
|
|
Gross write-offs |
|
|
57 |
|
|
|
396 |
|
|
|
1,337 |
|
|
|
1,559 |
|
|
|
416 |
|
|
|
1,173 |
|
|
¥ |
4,938 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
197,362 |
|
|
|
152,845 |
|
|
|
105,743 |
|
|
|
66,152 |
|
|
|
40,753 |
|
|
|
52,159 |
|
|
¥ |
615,014 |
|
|
|
Non-Performing |
|
|
146 |
|
|
|
517 |
|
|
|
865 |
|
|
|
778 |
|
|
|
668 |
|
|
|
1,345 |
|
|
¥ |
4,319 |
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
16 |
|
|
|
120 |
|
|
|
223 |
|
|
|
189 |
|
|
|
586 |
|
|
¥ |
1,134 |
|
Overseas |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
292,663 |
|
|
|
175,004 |
|
|
|
96,664 |
|
|
|
30,037 |
|
|
|
7,121 |
|
|
|
3,911 |
|
|
¥ |
605,400 |
|
|
|
Non-Performing |
|
|
3,470 |
|
|
|
5,375 |
|
|
|
5,945 |
|
|
|
2,921 |
|
|
|
788 |
|
|
|
4,259 |
|
|
¥ |
22,758 |
|
|
|
Gross write-offs |
|
|
57 |
|
|
|
380 |
|
|
|
1,217 |
|
|
|
1,336 |
|
|
|
227 |
|
|
|
587 |
|
|
¥ |
3,804 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total (excluding revolving repayment card loans) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
¥ |
1,699,069 |
|
|
¥ |
1,069,922 |
|
|
¥ |
504,326 |
|
|
¥ |
314,302 |
|
|
¥ |
285,095 |
|
|
¥ |
1,176,356 |
|
|
¥ |
5,049,070 |
|
|
|
Non-Performing |
|
|
5,343 |
|
|
|
12,541 |
|
|
|
18,829 |
|
|
|
16,432 |
|
|
|
16,675 |
|
|
|
43,032 |
|
|
¥ |
112,852 |
|
|
|
Gross write-offs |
|
|
499 |
|
|
|
1,528 |
|
|
|
3,198 |
|
|
|
2,789 |
|
|
|
687 |
|
|
|
9,864 |
|
|
¥ |
18,565 |
|
|
|
|
|
|
Notes: |
|
1 |
|
Loans held for sale, policy loan receivables of an insurance entity and financing receivables, such as accounts receivable are not included in the table above. |
|
|
2 |
|
Since April 1, 2025, the geographic classification of Non-recourse loans within Installment loans to corporate borrowers has been changed from “The Americas” to “Overseas,” reflecting the occurrence of transactions outside The Americas, although the principal assets remain located in The Americas. | The information about card loans to consumer borrowers with a revolving repayment feature that cannot be classified into the origination year as of March 31, 2025 and 2026 and the gross write-offs, corresponding to card loans, recorded during fiscal 2025 and 2026 is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revolving
repayment
card loans |
|
|
|
|
|
financial assets
measured at amortized
cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
67,874 |
|
|
¥ |
4,895,662 |
|
|
¥ |
4,963,536 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
|
|
|
114,467 |
|
|
¥ |
114,467 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross write-offs |
|
|
0 |
|
|
|
19,028 |
|
|
¥ |
19,028 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revolving
repayment
card loans |
|
|
|
|
|
financial assets
measured at amortized
cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
64,600 |
|
|
¥ |
5,049,070 |
|
|
¥ |
5,113,670 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
|
|
|
112,852 |
|
|
¥ |
112,852 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
|
|
|
18,565 |
|
|
¥ |
18,565 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Of assets, the Company and its subsidiaries consider smaller balance homogeneous loans (including real estate loans and card loans, among others, which are not restructured) and net investment in leases as the 90 days or more past-due financing receivables not individually evaluated, and consider all others as the loans individually evaluated. After the Company and its subsidiaries have set aside a provision for those non-performing assets, the Company and its subsidiaries continue to monitor at least on a quarterly basis the quality of any underlying collateral, the business conditions of the debtors and other important factors in order to report to management and develop additional provision for credit losses as necessary. The following table provides information about the past-due financial assets as of March 31, 2025 and 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
March 31, 2025 |
|
| |
|
|
|
|
|
| |
|
|
|
Past-due financial assets |
|
|
|
|
Portfolio segment |
|
Class |
|
|
|
|
|
|
|
|
|
|
|
|
Consumer borrowers |
|
|
|
¥ |
4,481 |
|
|
¥ |
7,645 |
|
|
¥ |
12,126 |
|
|
¥ |
2,067,900 |
|
|
|
Real estate loans |
|
|
2,536 |
|
|
|
5,423 |
|
|
|
7,959 |
|
|
|
1,956,816 |
|
|
|
Card loans |
|
|
355 |
|
|
|
0 |
|
|
|
355 |
|
|
|
67,874 |
|
|
|
Other |
|
|
1,590 |
|
|
|
2,222 |
|
|
|
3,812 |
|
|
|
43,210 |
|
Corporate borrowers |
|
|
|
|
9,896 |
|
|
|
35,085 |
|
|
|
44,981 |
|
|
|
1,689,281 |
|
|
|
Japan |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
301,477 |
|
|
|
The Americas |
|
|
2,141 |
|
|
|
3,696 |
|
|
|
5,837 |
|
|
|
86,724 |
|
Other than non-recourse loans |
|
Real estate companies in Japan |
|
|
200 |
|
|
|
29 |
|
|
|
229 |
|
|
|
415,666 |
|
|
|
Real estate companies in overseas |
|
|
36 |
|
|
|
2,419 |
|
|
|
2,455 |
|
|
|
82,187 |
|
|
|
Commercial, industrial and other companies in Japan |
|
|
1,992 |
|
|
|
520 |
|
|
|
2,512 |
|
|
|
225,900 |
|
|
|
Commercial, industrial and other companies in overseas |
|
|
5,527 |
|
|
|
28,421 |
|
|
|
33,948 |
|
|
|
577,327 |
|
Loans to Equity method investees |
|
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
132,053 |
|
Net investment in leases |
|
|
|
|
20,113 |
|
|
|
20,577 |
|
|
|
40,690 |
|
|
|
1,167,380 |
|
|
|
Japan |
|
|
3,851 |
|
|
|
3,915 |
|
|
|
7,766 |
|
|
|
618,963 |
|
|
|
Overseas |
|
|
16,262 |
|
|
|
16,662 |
|
|
|
32,924 |
|
|
|
548,417 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
¥ |
34,490 |
|
|
¥ |
63,307 |
|
|
¥ |
97,797 |
|
|
¥ |
5,056,614 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Past-due financial assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer borrowers |
|
|
|
¥ |
4,742 |
|
|
¥ |
10,817 |
|
|
¥ |
15,559 |
|
|
¥ |
2,133,067 |
|
|
|
Real estate loans |
|
|
2,703 |
|
|
|
9,944 |
|
|
|
12,647 |
|
|
|
2,027,493 |
|
|
|
Card loans |
|
|
350 |
|
|
|
0 |
|
|
|
350 |
|
|
|
64,600 |
|
|
|
Other |
|
|
1,689 |
|
|
|
873 |
|
|
|
2,562 |
|
|
|
40,974 |
|
Corporate borrowers |
|
|
|
|
16,246 |
|
|
|
20,742 |
|
|
|
36,988 |
|
|
|
1,810,689 |
|
|
|
Japan |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
343,121 |
|
|
|
Overseas |
|
|
6,022 |
|
|
|
5,456 |
|
|
|
11,478 |
|
|
|
200,308 |
|
Other than non-recourse loans |
|
Real estate companies in Japan |
|
|
292 |
|
|
|
0 |
|
|
|
292 |
|
|
|
461,006 |
|
|
|
Real estate companies in overseas |
|
|
363 |
|
|
|
2,181 |
|
|
|
2,544 |
|
|
|
61,853 |
|
|
|
Commercial, industrial and other companies in Japan |
|
|
2,442 |
|
|
|
541 |
|
|
|
2,983 |
|
|
|
218,910 |
|
|
|
Commercial, industrial and other companies in overseas |
|
|
7,127 |
|
|
|
12,564 |
|
|
|
19,691 |
|
|
|
525,491 |
|
Loans to Equity method investees |
|
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
21,236 |
|
Net investment in leases |
|
|
|
|
32,063 |
|
|
|
26,397 |
|
|
|
58,460 |
|
|
|
1,247,491 |
|
|
|
Japan |
|
|
2,234 |
|
|
|
3,920 |
|
|
|
6,154 |
|
|
|
619,333 |
|
|
|
Overseas |
|
|
29,829 |
|
|
|
22,477 |
|
|
|
52,306 |
|
|
|
628,158 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
¥ |
53,051 |
|
|
¥ |
57,956 |
|
|
¥ |
111,007 |
|
|
¥ |
5,212,483 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes: 1 |
Loans held for sale, policy loans receivable of an insurance entity and purchased loans are not included in the table above. |
2 |
Since April 1, 2025, the geographic classification of Non-recourse loans within Installment loans to corporate borrowers has been changed from “The Americas” to “Overseas,” reflecting the occurrence of transactions outside The Americas, although the principal assets remain located in The Americas . | In common with all classes, the Company and its subsidiaries consider financial assets as past-due financial assets when principal or interest is past-due 30 days or more. Loans whose terms have been modified are not classified as past-due financial assets if the principal and interest are not past-due 30 days or more in accordance with the modified terms. The following table provides information about non-accrual of financial assets as of March 31, 2025 and 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
| |
|
|
|
| |
|
|
|
|
|
|
|
Interest income
recognized during
the reporting period |
|
|
Balance not
associated
allowance for credit
losses among
financial assets
measured at
amortized cost,
which is suspending
recognition of
income |
|
Non-accrual of financial assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Installment loans to consumer borrowers: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan |
|
¥ |
1,095 |
|
|
¥ |
1,235 |
|
|
¥ |
260 |
|
|
¥ |
128 |
|
Overseas |
|
|
1,107 |
|
|
|
4,976 |
|
|
|
0 |
|
|
|
0 |
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan |
|
|
96 |
|
|
|
86 |
|
|
|
1 |
|
|
|
0 |
|
Overseas |
|
|
2,574 |
|
|
|
2,373 |
|
|
|
0 |
|
|
|
4 |
|
Installment loans to corporate borrowers: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Americas |
|
|
3,116 |
|
|
|
3,831 |
|
|
|
0 |
|
|
|
603 |
|
Other than non-recourse loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate companies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan |
|
|
115 |
|
|
|
29 |
|
|
|
30 |
|
|
|
0 |
|
Overseas |
|
|
1,731 |
|
|
|
3,417 |
|
|
|
0 |
|
|
|
0 |
|
Commercial, industrial and other companies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan |
|
|
355 |
|
|
|
520 |
|
|
|
54 |
|
|
|
37 |
|
Overseas |
|
|
27,636 |
|
|
|
60,629 |
|
|
|
0 |
|
|
|
2,203 |
|
Loans to Equity method investees |
|
|
1,929 |
|
|
|
1,345 |
|
|
|
0 |
|
|
|
0 |
|
Net investment in leases |
|
|
19,002 |
|
|
|
20,597 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
¥ |
58,756 |
|
|
¥ |
99,038 |
|
|
¥ |
345 |
|
|
¥ |
2,975 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income
recognized during
the reporting period |
|
|
Balance not
associated
allowance for credit
losses among
financial assets
measured at
amortized cost,
which is suspending
recognition of
income |
|
Non-accrual of financial assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Installment loans to consumer borrowers: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan |
|
¥ |
1,235 |
|
|
¥ |
1,050 |
|
|
¥ |
281 |
|
|
¥ |
322 |
|
Overseas |
|
|
4,976 |
|
|
|
8,895 |
|
|
|
0 |
|
|
|
137 |
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan |
|
|
86 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
Overseas |
|
|
2,373 |
|
|
|
982 |
|
|
|
0 |
|
|
|
3 |
|
Installment loans to corporate borrowers: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overseas |
|
|
3,831 |
|
|
|
11,477 |
|
|
|
0 |
|
|
|
0 |
|
Other than non-recourse loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate companies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan |
|
|
29 |
|
|
|
0 |
|
|
|
22 |
|
|
|
0 |
|
Overseas |
|
|
3,417 |
|
|
|
2,181 |
|
|
|
0 |
|
|
|
0 |
|
Commercial, industrial and other companies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan |
|
|
520 |
|
|
|
541 |
|
|
|
3 |
|
|
|
0 |
|
Overseas |
|
|
60,629 |
|
|
|
46,642 |
|
|
|
0 |
|
|
|
2,399 |
|
Loans to Equity method investees |
|
|
1,345 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
Net investment in leases |
|
|
20,597 |
|
|
|
26,420 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
¥ |
99,038 |
|
|
¥ |
98,188 |
|
|
¥ |
306 |
|
|
¥ |
2,861 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note: |
Since April 1, 2025, the geographic classification of Non-recourse loans within Installment loans to corporate borrowers has been changed from “The Americas” to “Overseas,” reflecting the occurrence of transactions outside The Americas, although the principal assets remain located in The Americas. | The following table provides information about modifications of financing receivables made to debtors experiencing financial difficulty that occurred during fiscal 2024, 2025 and 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year ended March 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% of total
class of
financing
receivable |
|
|
|
|
|
% of total
class of
financing
receivable |
|
|
|
|
|
% of total
class of
financing
receivable |
|
|
|
¥ |
1,266 |
|
|
|
0.1 |
|
|
¥ |
4,652 |
|
|
|
0.2 |
|
|
¥ |
42 |
|
|
|
0.0 |
|
|
|
|
5 |
|
|
|
0.0 |
|
|
|
1 |
|
|
|
0.0 |
|
|
|
1 |
|
|
|
0.0 |
|
|
|
|
1,176 |
|
|
|
1.6 |
|
|
|
6 |
|
|
|
0.0 |
|
|
|
40 |
|
|
|
0.1 |
|
|
|
|
85 |
|
|
|
0.2 |
|
|
|
4,645 |
|
|
|
9.2 |
|
|
|
1 |
|
|
|
0.0 |
|
|
|
|
0 |
|
|
|
0 |
|
|
|
4,499 |
|
|
|
0.3 |
|
|
|
932 |
|
|
|
0.1 |
|
|
|
|
0 |
|
|
|
0 |
|
|
|
1,277 |
|
|
|
0.7 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
0 |
|
|
|
0 |
|
|
|
1,277 |
|
|
|
2.5 |
|
|
|
0 |
|
|
|
0 |
|
Other than non-recourse loans |
|
|
0 |
|
|
|
0 |
|
|
|
3,222 |
|
|
|
0.3 |
|
|
|
932 |
|
|
|
0.1 |
|
Real estate companies in Japan |
|
|
0 |
|
|
|
0 |
|
|
|
69 |
|
|
|
0.0 |
|
|
|
0 |
|
|
|
0 |
|
Commercial, industrial and other companies in Japan |
|
|
0 |
|
|
|
0 |
|
|
|
711 |
|
|
|
0.4 |
|
|
|
0 |
|
|
|
0 |
|
Commercial, industrial and other companies in overseas |
|
|
0 |
|
|
|
0 |
|
|
|
2,442 |
|
|
|
0.3 |
|
|
|
932 |
|
|
|
0.1 |
|
Loans to Equity method investees |
|
|
0 |
|
|
|
0 |
|
|
|
955 |
|
|
|
0.4 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
1,266 |
|
|
|
0.0 |
|
|
¥ |
10,106 |
|
|
|
0.2 |
|
|
¥ |
974 |
|
|
|
0.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year ended March 31, 2025 |
|
Millions of yen |
|
Portfolio segment |
|
|
|
|
|
|
|
|
|
Class |
|
|
|
|
% of total
class of
financing
receivable |
|
|
|
|
|
% of total
class of
financing
receivable |
|
|
|
|
|
% of total
class of
financing
receivable |
|
Consumer borrowers |
|
¥ |
2 |
|
|
|
0.0 |
|
|
¥ |
50 |
|
|
|
0.0 |
|
|
¥ |
0 |
|
|
|
0 |
|
Other |
|
|
2 |
|
|
|
0.0 |
|
|
|
50 |
|
|
|
0.1 |
|
|
|
0 |
|
|
|
0 |
|
Corporate borrowers |
|
|
0 |
|
|
|
0 |
|
|
|
11,318 |
|
|
|
0.7 |
|
|
|
16 |
|
|
|
0.0 |
|
|
|
|
0 |
|
|
|
0 |
|
|
|
2,141 |
|
|
|
0.6 |
|
|
|
0 |
|
|
|
0 |
|
The Americas |
|
|
0 |
|
|
|
0 |
|
|
|
2,141 |
|
|
|
2.5 |
|
|
|
0 |
|
|
|
0 |
|
Other than non-recourse loans |
|
|
0 |
|
|
|
0 |
|
|
|
9,177 |
|
|
|
0.7 |
|
|
|
16 |
|
|
|
0.0 |
|
Real estate companies in Japan |
|
|
0 |
|
|
|
0 |
|
|
|
1,272 |
|
|
|
0.3 |
|
|
|
0 |
|
|
|
0 |
|
Real estate companies in overseas |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
Commercial, industrial and other companies in Japan |
|
|
0 |
|
|
|
0 |
|
|
|
623 |
|
|
|
0.2 |
|
|
|
0 |
|
|
|
0 |
|
Commercial, industrial and other companies in overseas |
|
|
0 |
|
|
|
0 |
|
|
|
7,282 |
|
|
|
1.3 |
|
|
|
16 |
|
|
|
0.0 |
|
Loans to Equity method investees |
|
|
0 |
|
|
|
0 |
|
|
|
933 |
|
|
|
0.7 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
¥ |
2 |
|
|
|
0.0 |
|
|
¥ |
12,301 |
|
|
|
0.2 |
|
|
¥ |
16 |
|
|
|
0.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Combination - interest rate reduction and term extension |
|
|
|
|
|
|
% of total
class of
financing
receivable |
|
Consumer borrowers |
|
¥ |
138 |
|
|
|
0.0 |
|
Other |
|
|
138 |
|
|
|
0.3 |
|
Corporate borrowers |
|
|
14,407 |
|
|
|
0.8 |
|
|
|
|
0 |
|
|
|
0 |
|
The Americas |
|
|
0 |
|
|
|
0 |
|
Other than non-recourse loans |
|
|
14,407 |
|
|
|
1.1 |
|
Real estate companies in Japan |
|
|
0 |
|
|
|
0 |
|
Real estate companies in overseas |
|
|
1,701 |
|
|
|
1.3 |
|
Commercial, industrial and other companies in Japan |
|
|
0 |
|
|
|
0 |
|
Commercial, industrial and other companies in overseas |
|
|
12,706 |
|
|
|
2.2 |
|
Loans to Equity method investees |
|
|
0 |
|
|
|
0 |
|
Total |
|
¥ |
14,545 |
|
|
|
0.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year ended March 31, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% of total
class of
financing
receivable |
|
|
|
|
|
% of total
class of
financing
receivable |
|
|
|
|
|
% of total
class of
financing
receivable |
|
|
Consumer borrowers |
|
¥ |
7 |
|
|
|
0.0 |
|
|
¥ |
15 |
|
|
|
0.0 |
|
|
¥ |
5 |
|
|
|
0.0 |
|
Other |
|
|
7 |
|
|
|
0.0 |
|
|
|
15 |
|
|
|
0.0 |
|
|
|
0 |
|
|
|
0 |
|
Corporate borrowers |
|
|
0 |
|
|
|
0 |
|
|
|
8,859 |
|
|
|
0.5 |
|
|
|
12 |
|
|
|
0.0 |
|
Other than non-recourse loans |
|
|
0 |
|
|
|
0 |
|
|
|
8,859 |
|
|
|
0.7 |
|
|
|
12 |
|
|
|
0.0 |
|
Real estate companies in Japan |
|
|
0 |
|
|
|
0 |
|
|
|
313 |
|
|
|
0.1 |
|
|
|
0 |
|
|
|
0 |
|
Commercial, industrial and other companies in Japan |
|
|
0 |
|
|
|
0 |
|
|
|
404 |
|
|
|
0.2 |
|
|
|
0 |
|
|
|
0 |
|
Commercial, industrial and other companies in overseas |
|
|
0 |
|
|
|
0 |
|
|
|
8,142 |
|
|
|
1.5 |
|
|
|
12 |
|
|
|
0.0 |
|
Net investment in leases |
|
|
0 |
|
|
|
0 |
|
|
|
91 |
|
|
|
0.0 |
|
|
|
12 |
|
|
|
0.0 |
|
Japan |
|
|
0 |
|
|
|
0 |
|
|
|
91 |
|
|
|
0.0 |
|
|
|
0 |
|
|
|
0 |
|
Overseas |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
¥ |
7 |
|
|
|
0.0 |
|
|
¥ |
8,965 |
|
|
|
0.2 |
|
|
¥ |
29 |
|
|
|
0.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Combination - interest rate reduction and term extension |
|
|
Combination - interest rate reduction, term extension and principal forgiveness |
|
|
|
|
|
|
% of total
class of
financing
receivable |
|
|
|
|
|
% of total
class of
financing
receivable |
|
|
|
¥ |
83 |
|
|
|
0.0 |
|
|
¥ |
0 |
|
|
|
0 |
|
|
|
|
83 |
|
|
|
0.2 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
1,495 |
|
|
|
0.1 |
|
|
|
2,620 |
|
|
|
0.1 |
|
Other than non-recourse loans |
|
|
1,495 |
|
|
|
0.1 |
|
|
|
2,620 |
|
|
|
0.2 |
|
Real estate companies in Japan |
|
|
130 |
|
|
|
0.0 |
|
|
|
0 |
|
|
|
0 |
|
Commercial, industrial and other companies in Japan |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
Commercial, industrial and other companies in overseas |
|
|
1,365 |
|
|
|
0.3 |
|
|
|
2,620 |
|
|
|
0.5 |
|
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
1,578 |
|
|
|
0.0 |
|
|
¥ |
2,620 |
|
|
|
0.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The Company and its subsidiaries offer various types of concessions to the debtors to protect as much of the investment as possible in modifications of financing receivables made to debtors experiencing financial difficulty. For the debtors of all financing receivables, the Company and its subsidiaries offer concessions including an interest rate reduction and a term extension. In addition, for the debtors of all financing receivables other than non-recourse loans, the Company and its subsidiaries also offer concessions such as a principal forgiveness or a reduction in the interest payments. Furthermore, the Company and its subsidiaries may acquire collateral assets from the debtors in modifications of financing receivables made to debtors experiencing financial difficulty to satisfy fully or partially the loan principal or past due interest. In common with all portfolio segments, financing receivables modified to debtors experiencing financial difficulty are recognized as impaired and are individually evaluated for allowance for credit losses, taking into account payment default and repayment status after modifications. In most cases, these financing receivables have already been considered impaired and individually evaluated for allowance for credit losses prior to the modifications. However, as a result of the modification, the Company and its subsidiaries may recognize additional allowance for credit losses for the modified receivables. The following table provides information about the financial effect of the modifications of financing receivables made to debtors experiencing financial difficulty that occurred during fiscal 2024, 2025 and 2026:
|
|
|
|
|
|
|
|
|
Fiscal Year ended March 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer borrowers |
|
|
|
|
|
|
Real estate loans |
|
Reduced weighted-average contractual interest rate from 5.3% to 0.0%. |
|
Added a weighted-average 1.0 years to the life of loans. |
|
Reduced the amortized cost basis of the loans by ¥8 million. |
Card loans |
|
Reduced weighted-average contractual interest rate from 12.7% to 0.7%. |
|
Added a weighted-average 0.9 years to the life of loans. |
|
Reduced the amortized cost basis of the loans by ¥185 million. |
Other |
|
Reduced weighted-average contractual interest rate from 14.6% to 5.3%. |
|
Added a weighted-average 4.9 years to the life of loans. |
|
Reduced the amortized cost basis of the loans by ¥785 million. |
Corporate borrowers |
|
|
|
|
|
|
|
|
|
|
|
|
|
The Americas |
|
— |
|
Added a weighted-average 1.0 years to the life of loans. |
|
— |
Other than non-recourse loans |
|
|
|
|
|
|
Real estate companies in Japan |
|
— |
|
Added a weighted-average 0.5 years to the life of loans. |
|
— |
|
|
|
|
|
|
|
Commercial, industrial and other companies in Japan |
|
— |
|
Added a weighted-average 1.0 years to the life of loans. |
|
— |
Commercial, industrial and other companies in overseas |
|
Reduced weighted-average contractual interest rate from 8.8% to 6.4%. |
|
Added a weighted-average 3.1 years to the life of loans. |
|
Reduced the amortized cost basis of the loans by ¥1,487 million. |
Loans to Equity method investees |
|
— |
|
Added a weighted-average 0.6 years to the life of loans. |
|
Reduced the amortized cost basis of the loans by ¥624 million. |
Net investment in leases |
|
|
|
|
|
|
Overseas |
|
— |
|
— |
|
Reduced the amortized cost basis of the loans by ¥0 million. |
|
|
|
|
|
|
|
|
|
Fiscal Year ended March 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reduced weighted-average contractual interest rate from 16.5% to 11.8%. |
|
Added a weighted-average 2.4 years to the life of loans. |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
Added a weighted-average 0.2 years to the life of loans. |
|
— |
Other than non-recourse loans |
|
|
|
|
|
|
Real estate companies in Japan |
|
— |
|
Added a weighted-average 2.6 years to the life of loans. |
|
— |
Real estate companies in overseas |
|
Reduced weighted-average contractual interest rate from 7.9% to 6.5%. |
|
Added a weighted-average 2.5 years to the life of loans. |
|
— |
|
|
|
|
|
|
|
Commercial, industrial and other companies in Japan |
|
— |
|
Added a weighted-average 0.9 years to the life of loans. |
|
— |
Commercial, industrial and other companies in overseas |
|
Reduced weighted-average contractual interest rate from 15.2% to 11.8%. |
|
Added a weighted-average 1.1 years to the life of loans. |
|
Reduced the amortized cost basis of the loans by ¥11 million. |
Loans to Equity method investees |
|
— |
|
Added a weighted-average 0.5 years to the life of loans. |
|
— |
|
|
|
|
|
|
|
|
|
Fiscal Year ended March 31, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
— |
|
Reduced the amortized cost basis of the loans by ¥54 million. |
|
|
Reduced weighted-average contractual interest rate from 16.4% to 11.6%. |
|
Added a weighted-average 2.5 years to the life of loans. |
|
— |
|
|
|
|
|
|
|
Other than non-recourse loans |
|
|
|
|
|
|
Real estate companies in Japan |
|
Reduced weighted-average contractual interest rate from 2.7% to 2.4%. |
|
Added a weighted-average 0.5 years to the life of loans. |
|
— |
Commercial, industrial and other companies in Japan |
|
— |
|
Added a weighted-average 0.9 years to the life of loans. |
|
— |
Commercial, industrial and other companies in overseas |
|
Reduced weighted-average contractual interest rate from 12.1% to 6.0%. |
|
Added a weighted-average 1.6 years to the life of loans. |
|
Reduced the amortized cost basis of the loans by ¥1,405 million. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
Added a weighted-average 0.5 years to the life of loans. |
|
— |
|
|
— |
|
— |
|
Reduced the amortized cost basis of the loans by ¥35 million. | The following table provides information about financing receivable that had a payment default and had been modified, when the debtor was experiencing financial difficulty, within the previous 12 months preceding the payment default date during fiscal 2024, 2025 and 2026.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year ended March 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Combination
- interest rate
reduction and
term
extension |
|
|
Combination - interest rate reduction and principal forgiveness |
|
|
Combination - term extension and principal forgiveness |
|
|
|
|
¥ |
25 |
|
|
¥ |
212 |
|
|
¥ |
1 |
|
|
¥ |
0 |
|
|
¥ |
33 |
|
|
¥ |
9 |
|
|
|
|
3 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
18 |
|
|
|
0 |
|
|
|
1 |
|
|
|
0 |
|
|
|
28 |
|
|
|
0 |
|
|
|
|
4 |
|
|
|
212 |
|
|
|
0 |
|
|
|
0 |
|
|
|
5 |
|
|
|
9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
25 |
|
|
¥ |
212 |
|
|
¥ |
1 |
|
|
¥ |
0 |
|
|
¥ |
33 |
|
|
¥ |
9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Fiscal Year ended March 31, 2025 |
|
| |
|
|
|
Portfolio segment |
|
|
|
|
|
|
|
|
|
|
Combination
- interest rate
reduction and
term
extension |
|
|
Combination - interest rate reduction and principal forgiveness |
|
|
Combination - term extension and principal forgiveness |
|
Class |
Consumer borrowers |
|
¥ |
0 |
|
|
¥ |
0 |
|
|
¥ |
0 |
|
|
¥ |
17 |
|
|
¥ |
0 |
|
|
¥ |
0 |
|
Other |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
17 |
|
|
|
0 |
|
|
|
0 |
|
Corporate borrowers |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
7,620 |
|
|
|
0 |
|
|
|
0 |
|
Other than non-recourse loans |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
7,620 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial, industrial and other companies in overseas |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
7,620 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
¥ |
0 |
|
|
¥ |
0 |
|
|
¥ |
0 |
|
|
¥ |
7,637 |
|
|
¥ |
0 |
|
|
¥ |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year ended March 31, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Combination
- interest rate
reduction and
term
extension |
|
|
Combination - interest rate reduction and principal forgiveness |
|
|
Combination - term extension and principal forgiveness |
|
|
Corporate borrowers |
|
¥ |
0 |
|
|
¥ |
8,142 |
|
|
¥ |
0 |
|
|
¥ |
0 |
|
|
¥ |
0 |
|
|
¥ |
0 |
|
Other than non-recourse loans |
|
|
0 |
|
|
|
8,142 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
Commercial, industrial and other companies in overseas |
|
|
0 |
|
|
|
8,142 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
¥ |
0 |
|
|
¥ |
8,142 |
|
|
¥ |
0 |
|
|
¥ |
0 |
|
|
¥ |
0 |
|
|
¥ |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The Company and its subsidiaries consider financing receivables whose terms have been modified to debtors experiencing financial difficulty as defaulted receivables when principal or interest is past-due 90 days or more in accordance with the modified terms. In common with all portfolio segments, the Company and its subsidiaries suspend accruing interest and may recognize additional allowance for credit losses as necessary for the defaulted receivables. The following table provides information about the past-due financial assets modified to debtors experiencing financial difficulty within the previous 12 months from March 31, 2024, 2025 and 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
¥ |
35 |
|
|
¥ |
91 |
|
|
¥ |
7 |
|
|
|
|
1 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
34 |
|
|
|
91 |
|
|
|
7 |
|
|
|
|
6,140 |
|
|
|
0 |
|
|
|
284 |
|
|
|
|
1,277 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
1,277 |
|
|
|
0 |
|
|
|
0 |
|
Other than non-recourse loans |
|
|
4,863 |
|
|
|
0 |
|
|
|
284 |
|
Real estate companies in Japan |
|
|
37 |
|
|
|
0 |
|
|
|
32 |
|
Commercial, industrial and other companies in Japan |
|
|
481 |
|
|
|
0 |
|
|
|
230 |
|
Commercial, industrial and other companies in overseas |
|
|
4,345 |
|
|
|
0 |
|
|
|
22 |
|
Loans to Equity method investees |
|
|
4,347 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,522 |
|
|
¥ |
91 |
|
|
¥ |
291 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer borrowers |
|
¥ |
173 |
|
|
¥ |
1 |
|
|
¥ |
17 |
|
Other |
|
|
173 |
|
|
|
1 |
|
|
|
17 |
|
Corporate borrowers |
|
|
23,857 |
|
|
|
2,141 |
|
|
|
45 |
|
|
|
|
0 |
|
|
|
2,141 |
|
|
|
0 |
|
The Americas |
|
|
0 |
|
|
|
2,141 |
|
|
|
0 |
|
Other than non-recourse loans |
|
|
23,857 |
|
|
|
0 |
|
|
|
45 |
|
Real estate companies in Japan |
|
|
1,243 |
|
|
|
0 |
|
|
|
29 |
|
Real estate companies in overseas |
|
|
1,701 |
|
|
|
0 |
|
|
|
0 |
|
Commercial, industrial and other companies in Japan |
|
|
623 |
|
|
|
0 |
|
|
|
0 |
|
Commercial, industrial and other companies in overseas |
|
|
20,290 |
|
|
|
0 |
|
|
|
16 |
|
Loans to Equity method investees |
|
|
933 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
¥ |
24,963 |
|
|
¥ |
2,142 |
|
|
¥ |
62 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer borrowers |
|
¥ |
105 |
|
|
¥ |
0 |
|
|
¥ |
5 |
|
Real estate loans |
|
|
0 |
|
|
|
0 |
|
|
|
5 |
|
Other |
|
|
105 |
|
|
|
0 |
|
|
|
0 |
|
Corporate borrowers |
|
|
12,973 |
|
|
|
0 |
|
|
|
12 |
|
Other than non-recourse loans |
|
|
12,973 |
|
|
|
0 |
|
|
|
12 |
|
Real estate companies in Japan |
|
|
443 |
|
|
|
0 |
|
|
|
0 |
|
Commercial, industrial and other companies in Japan |
|
|
404 |
|
|
|
0 |
|
|
|
0 |
|
Commercial, industrial and other companies in overseas |
|
|
12,126 |
|
|
|
0 |
|
|
|
12 |
|
Net investment in leases |
|
|
91 |
|
|
|
0 |
|
|
|
12 |
|
Japan |
|
|
91 |
|
|
|
0 |
|
|
|
0 |
|
Overseas |
|
|
0 |
|
|
|
0 |
|
|
|
12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
¥ |
13,169 |
|
|
¥ |
0 |
|
|
¥ |
29 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| As of March 31, 2025 and 2026, there were no foreclosed residential real estate properties. The carrying amounts of installment loans in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure were ¥79 million and ¥107 million as of March 31, 2025 and 2026, respectively.
|