v3.26.1
Write-Downs of Long-Lived Assets
 12 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Write-Downs of Long-Lived Assets
25. Write-Downs of Long-Lived Assets
The Company and its subsidiaries perform tests for recoverability on long-lived assets classified as held and used for which events or changes in circumstances indicated that the assets might be impaired. The Company and its subsidiaries consider an asset’s carrying amount as not recoverable when such carrying amount exceeds the undiscounted future cash flows estimated to result from the use and eventual disposition of the asset. The net carrying amount of assets not recoverable is reduced to fair value if lower than the carrying amount.
As of March 31, 2025 and 2026, the long-lived assets and liabilities associated with those assets classified as held for sale in the accompanying consolidated balance sheets are as follows.
 
    
Millions of yen
  
  
2025
     
2026
  
Investment in operating leases
    ¥ 7,230      ¥ 69,685  
Property under facility operations
      15,217        31,883  
Office facilities
      3,558        4,291  
Other assets
      22        14,405  
Other liabilities
      221        18,414  
 
 
 
The long-lived assets classified as held for sale as of March 31, 2025 are included in Corporate Financial Services and Maintenance Leasing segment, Real Estate segment, PE Investment and Concession segment, Environment and Energy segment and Aircraft and Ships segment. The long-lived assets classified as held for sale as of March 31, 2026 are included in Real Estate segment, PE Investment and Concession segment, Environment and Energy segment, Aircraft and Ships segment and Asia and Australia segment.
The Company and its subsidiaries determine the fair value using appraisals prepared by independent third party appraisers or our own staff of qualified appraisers, and others based on recent transactions involving sales of similar assets or other valuation techniques such as discounted cash flows methodologies using future cash flows estimated to be generated from operation of the existing assets or completion of development projects, as appropriate.
During fiscal 2024, 2025 and 2026, the Company and its subsidiaries recognized impairment losses for the difference between carrying amounts and fair values in the amount of ¥1,724 million, ¥25,933 million and ¥16,242 million, respectively, which are reflected as write-downs of long-lived assets. Breakdowns of these amounts are as follows.
 
Fiscal Year ended March 31, 2024
   
Write-downs of the assets

held for sale
     
Write-downs due to decline in
estimated future cash flows
  
  
Amount

(Millions of yen)
     
The number of
properties
     
Amount

(Millions of yen)
     
The number of
properties
  
Office buildings
    ¥ 0        —       ¥ 641        2  
Commercial facilities other than office buildings
      0        —         547        4  
Condominiums
      0        1        30        22  
Others*
      134        —         372        —   
  
 
 
     
 
 
     
 
 
     
 
 
  
Total
    ¥ 134        —       ¥ 1,590        —   
  
 
 
     
 
 
     
 
 
     
 
 
  
Fiscal Year ended March 31, 2025
   
Write-downs of the assets

held for sale
     
Write-downs due to decline in
estimated future cash flows
  
  
Amount

(Millions of yen)
     
The number of
properties
     
Amount

(Millions of yen)
     
The number of
properties
  
Condominiums
    ¥ 31        20      ¥ 0        —   
Others*
      598        —         25,304        —   
  
 
 
     
 
 
     
 
 
     
 
 
  
Total
    ¥ 629        —       ¥ 25,304        —   
  
 
 
     
 
 
     
 
 
     
 
 
  
Fiscal Year ended March 31, 2026
   
Write-downs of the assets

held for sale
     
Write-downs due to decline in
estimated future cash flows
  
  
Amount

(Millions of yen)
     
The number of
properties
     
Amount

(Millions of yen)
     
The number of
properties
  
Commercial facilities other than office buildings
    ¥ 28        1      ¥ 668        1  
Condominiums
      43        8        0        —   
Others*
      8,669        —         6,834        —   
  
 
 
     
 
 
     
 
 
     
 
 
  
Total
    ¥ 8,740        —       ¥ 7,502        —   
  
 
 
     
 
 
     
 
 
     
 
 
  
 
*
For the “Others”, the numbers of properties are omitted. Write-downs of long-lived assets for fiscal 2025 include write-downs of property under facility operations held by certain subsidiaries, of which ¥20,030 million related to write-downs of two coal-biomass co-fired power plants.
 
 
Breakdowns of these amounts by segment are provided in Note 32 “Segment Information.”