Consolidated Financial Results
Supplementary Information
for the Three-month Ended June 30, 2020
(Five-Year Summary | Segment Information) |
ORIX Corporation
(NYSE: IX; TSE: 8591)
Contents
Page | ||
1 | Segment Information | : Segment Profits, Assets and ROA |
2-3 | Segment Asset Details (1) (2) | : Assets by Segment |
4-5 | Corporate Financial Services and Maintenance Leasing (1) (2): Segment Revenues, Profits and Assets | |
6-7 | Real Estate (1) (2) | : Segment Revenues, Profits and Assets |
8-9 | PE Investment and Concession (1) (2) | : Segment Revenues, Profits and Assets |
10-11 | Environment and Energy (1) (2) | : Segment Revenues, Profits and Assets |
12-13 | Insurance (1) (2) | : Segment Revenues, Profits and Assets |
14-15 | Banking and Credit (1) (2) | : Segment Revenues, Profits and Assets |
16-17 | Aircraft and Ships (1) (2) | : Segment Revenues, Profits and Assets |
18-19 | ORIX USA (1) (2) | : Segment Revenues, Profits and Assets |
20-21 | ORIX Europe (1) (2) | : Segment Revenues, Profits and Assets |
22-23 | Asia and Australia (1) (2) | : Segment Revenues, Profits and Assets |
This document has been prepared based upon quarterly financial information in accordance with U.S. GAAP.
For annual and more historical data please access our website.
IR Website URL:https://www.orix.co.jp/grp/en/ir/
IR Library URL:https://www.orix.co.jp/grp/en/ir/library/
Disclaimer
These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under "Risk Factors" in the Company's annual report on Form 20-F filed with the United States Securities and Exchange Commission and those described under "Business Risk" of the securities report (Yukashoken houkokusho) filed with the Director of the Kanto Local Finance Bureau and financial results filed to Tokyo Stock Exchange.
ORIX Corporation
Corporate Planning Department
World Trade Center Bldg., 2-4-1Hamamatsu-cho,Minato-ku
Tokyo 105-6135, Japan
Tel: +81-3-3435-3121
(Unaudited) | ||||||||||||
Segment Information | ||||||||||||
(Millions of yen) | ||||||||||||
Segment | Segment Information | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 | ||
Corporate Financial Services and | Segment Profits | 96,264 | 107,340 | 78,310 | 15,457 | 17,124 | 17,216 | 13,181 | 62,978 | 10,207 | ||
Maintenance Leasing | Segment Assets | 1,909,287 | 1,850,929 | 1,841,791 | 1,831,648 | 1,834,775 | 1,853,827 | 1,789,693 | 1,789,693 | 1,743,872 | ||
Segment Asset ROA | 3.40% | 3.90% | 2.91% | 2.31% | 2.43% | 2.46% | 2.38% | 2.38% | 1.58% | |||
Real Estate | Segment Profits | 88,129 | 78,845 | 93,748 | 5,533 | 41,911 | 10,514 | 22,224 | 80,182 | 1,515 | ||
Segment Assets | 900,042 | 849,535 | 759,466 | 895,578 | 821,030 | 831,206 | 821,194 | 821,194 | 816,468 | |||
Segment Asset ROA | 6.40% | 6.16% | 7.98% | 1.83% | 8.23% | 6.66% | 6.95% | 6.95% | 0.51% | |||
PE Investment and Concession | Segment Profits | 52,996 | 51,108 | 23,061 | 10,255 | 9,394 | 24,007 | 454 | 44,110 | 4,492 | ||
Segment Assets | 233,083 | 233,308 | 279,915 | 268,499 | 295,729 | 275,742 | 322,522 | 322,522 | 332,390 | |||
Segment Asset ROA | 16.66% | 14.97% | 6.16% | 10.25% | 9.35% | 14.35% | 10.03% | 10.03% | 3.76% | |||
Environment and Energy | Segment Profits | 12,093 | 27,016 | 12,144 | 3,717 | 4,810 | 3,058 | 40 | 11,625 | 8,103 | ||
Segment Assets | 276,951 | 370,956 | 395,606 | 428,085 | 426,014 | 483,256 | 478,796 | 478,796 | 482,835 | |||
Segment Asset ROA | 3.28% | 5.70% | 2.17% | 2.47% | 2.84% | 2.41% | 1.82% | 1.82% | 4.62% | |||
Insurance | Segment Profits | 52,003 | 46,338 | 51,544 | 13,168 | 12,758 | 17,651 | 1,256 | 44,833 | 17,962 | ||
Segment Assets | 1,306,438 | 1,055,388 | 1,254,471 | 1,361,091 | 1,467,165 | 1,557,406 | 1,580,158 | 1,580,158 | 1,663,980 | |||
Segment Asset ROA | 2.43% | 2.68% | 3.06% | 2.76% | 2.61% | 2.83% | 2.17% | 2.17% | 3.03% | |||
Banking and Credit | Segment Profits | 24,589 | 32,084 | 36,434 | 9,150 | 9,619 | 10,672 | 9,655 | 39,096 | 11,452 | ||
Segment Assets | 1,986,765 | 2,118,869 | 2,316,738 | 2,373,743 | 2,479,358 | 2,552,931 | 2,603,736 | 2,603,736 | 2,629,450 | |||
Segment Asset ROA | 0.88% | 1.07% | 1.13% | 1.07% | 1.07% | 1.10% | 1.09% | 1.09% | 1.20% | |||
Aircraft and Ships | Segment Profits | 12,627 | 20,330 | 36,422 | 10,550 | 6,292 | 16,452 | 11,993 | 45,287 | 7,288 | ||
Segment Assets | 296,850 | 381,703 | 646,284 | 645,114 | 642,045 | 678,392 | 585,304 | 585,304 | 586,132 | |||
Segment Asset ROA | 3.20% | 4.09% | 4.85% | 4.48% | 3.58% | 4.59% | 5.04% | 5.04% | 3.41% | |||
ORIX USA | Segment Profits | 43,268 | 41,111 | 50,056 | 15,798 | 20,096 | 14,395 | 6,401 | 56,690 | 249 | ||
Segment Assets | 1,003,224 | 869,726 | 1,152,891 | 1,113,008 | 1,131,606 | 1,216,599 | 1,374,027 | 1,374,027 | 1,316,795 | |||
Segment Asset ROA | 3.10% | 3.00% | 3.39% | 3.82% | 4.31% | 3.88% | 3.07% | 3.07% | 0.05% | |||
ORIX Europe | Segment Profits | 36,180 | 44,878 | 35,629 | 8,563 | 8,125 | 8,424 | 18,666 | 43,778 | 6,738 | ||
Segment Assets | 317,345 | 353,828 | 343,080 | 335,897 | 322,932 | 336,178 | 317,847 | 317,847 | 326,740 | |||
Segment Asset ROA | 7.51% | 9.13% | 7.00% | 6.91% | 6.87% | 6.75% | 9.07% | 9.07% | 5.73% | |||
Asia and Australia | Segment Profits | 23,261 | 4,165 | 7,521 | 14,034 | 5,153 | 6,889 | (11,403) | 14,673 | 7,390 | ||
Segment Assets | 960,682 | 1,003,562 | 996,674 | 1,000,450 | 990,716 | 1,052,000 | 1,010,268 | 1,010,268 | 1,007,993 | |||
Segment Asset ROA | 1.70% | 0.29% | 0.52% | 3.85% | 2.65% | 2.32% | 1.00% | 1.00% | 2.01% | |||
Total | Segment Profits | 441,410 | 453,215 | 424,869 | 106,225 | 135,282 | 129,278 | 72,467 | 443,252 | 75,396 | ||
Segment Assets | 9,190,667 | 9,087,804 | 9,986,916 | 10,253,113 | 10,411,370 | 10,837,537 | 10,883,545 | 10,883,545 | 10,906,655 | |||
Adjustment of Segment Profits to | Consolidated Statement | (16,445) | (17,714) | (29,139) | (7,365) | (5,513) | (7,449) | (10,364) | (30,691) | (7,765) | ||
Amounts | ||||||||||||
Income before Income Taxes | 424,965 | 435,501 | 395,730 | 98,860 | 129,769 | 121,829 | 62,103 | 412,561 | 67,631 |
- Segment Asset ROA is calculated using accumulated Segment Profits (after tax).
- Since the first quarter of fiscal 2019, VIEs for securitizing financial assets such as finance lease receivables and loan receivables are included in segment revenues, segment profits and segment assets, and the amounts that had previously been reported have been reclassified for this change.
- Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020.
- Accounting Standards Update 2018-20("Narrow-Scope Improvements for Lessors"―ASC 842 ("Leases")) has been adopted since the fourth quarter of fiscal 2020,
and presentation of income statement regarding the certain lessor costs of finance lease and operating lease, such as the property taxes has been changed. The presented amounts since the first quarter of fiscal 2020 have been retrospectively reclassified for the adoption.
- Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021.
- Since the first quarter of fiscal 2021, the reportable segments have been reorganized. As a result of this change, segment data for the previous fiscal year has been retrospectively restated.
- Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.
- 1 -
(Unaudited) | ||||||||||||||
Segment Asset Details (1) | ||||||||||||||
2017.3 | (Millions of yen) | |||||||||||||
Corporate | PE | |||||||||||||
Financial | ||||||||||||||
Assets by Segment | Real Estate | Investment | Environment | Banking and | Aircraft and | Asia and | ||||||||
Services and | Insurance | ORIX USA | ORIX Europe | Total | ||||||||||
and | and Energy | Credit | Ships | Australia | ||||||||||
Maintenance | ||||||||||||||
Concession | ||||||||||||||
Leasing | ||||||||||||||
Investment in Direct Financing Leases | 736,856 | 82,749 | - | 26,016 | 448 | 70 | (1) | 579 | - | 357,154 | 1,203,871 | |||
Installment Loans | 474,360 | 4 | 23 | (2) | 11,524 | 1,715,455 | 24,011 | 450,822 | - | 138,693 | 2,814,890 | |||
Investment in Operating Leases | 514,276 | 323,490 | - | 2,130 | 46,243 | - | 235,211 | 21,824 | - | 163,530 | 1,306,704 | |||
Investment in Securities | 44,923 | 4,897 | 35,645 | 1,891 | 1,243,771 | 258,904 | 9 | 359,237 | 20,863 | 53,202 | 2,023,342 | |||
Property under Facility Operations and Servicing Assets | 13,751 | 180,632 | 31,634 | 155,961 | - | - | - | 25,792 | - | 3,913 | 411,683 | |||
Inventories | 496 | 90,548 | 21,951 | 2,866 | - | - | 347 | 1,351 | - | 112 | 117,671 | |||
Advances for DFL and Operating Lease | 369 | 19,803 | - | 115 | - | - | 6,374 | 1,801 | - | 849 | 29,311 | |||
Investment in Affiliates | 20,517 | 110,552 | 40,790 | 19,485 | - | 565 | 10,429 | 84,848 | 1,273 | 235,604 | 524,063 | |||
Advances for Property under Facility Operations | 139 | 11,196 | 326 | 54,855 | - | - | - | - | - | 39 | 66,555 | |||
Goodwill, Intangible Assets Acquired in Business Combinations | 103,600 | 76,171 | 102,714 | 13,634 | 4,452 | 11,771 | 20,470 | 56,970 | 295,209 | 7,586 | 692,577 | |||
Total | 1,909,287 | 900,042 | 233,083 | 276,951 | 1,306,438 | 1,986,765 | 296,850 | 1,003,224 | 317,345 | 960,682 | 9,190,667 | |||
2018.3 | (Millions of yen) | |||||||||||||
Corporate | PE | |||||||||||||
Financial | ||||||||||||||
Assets by Segment | Real Estate | Investment | Environment | Banking and | Aircraft and | Asia and | ||||||||
Services and | Insurance | ORIX USA | ORIX Europe | Total | ||||||||||
and | and Energy | Credit | Ships | Australia | ||||||||||
Maintenance | ||||||||||||||
Concession | ||||||||||||||
Leasing | ||||||||||||||
Investment in Direct Financing Leases | 709,719 | 82,923 | - | 25,497 | 208 | - | (1) | 508 | - | 368,215 | 1,187,069 | |||
Installment Loans | 429,323 | 313 | 23 | (28) | 7,554 | 1,845,207 | 41,898 | 321,327 | - | 171,361 | 2,816,978 | |||
Investment in Operating Leases | 524,886 | 275,373 | - | 2,104 | 44,319 | - | 284,332 | 16,801 | - | 189,999 | 1,337,814 | |||
Investment in Securities | 28,478 | 4,356 | 19,688 | 163 | 998,855 | 261,436 | - | 335,053 | 35,532 | 42,852 | 1,726,413 | |||
Property under Facility Operations and Servicing Assets | 15,979 | 191,172 | 25,981 | 182,124 | - | - | - | 40,374 | - | 3,621 | 459,251 | |||
Inventories | 509 | 80,108 | 23,253 | 1,007 | - | - | - | 5,718 | - | 205 | 110,800 | |||
Advances for DFL and Operating Lease | 302 | 21,737 | - | 146 | - | - | 6,955 | 1,608 | - | 925 | 31,673 | |||
Investment in Affiliates | 19,089 | 100,220 | 54,331 | 102,564 | - | 455 | 22,762 | 71,179 | 1,453 | 219,175 | 591,228 | |||
Advances for Property under Facility Operations | 720 | 19,351 | 668 | 44,234 | - | - | - | - | - | - | 64,973 | |||
Goodwill, Intangible Assets Acquired in Business Combinations | 121,924 | 73,982 | 109,364 | 13,145 | 4,452 | 11,771 | 25,757 | 77,158 | 316,843 | 7,209 | 761,605 | |||
Total | 1,850,929 | 849,535 | 233,308 | 370,956 | 1,055,388 | 2,118,869 | 381,703 | 869,726 | 353,828 | 1,003,562 | 9,087,804 | |||
2019.3 | (Millions of yen) | |||||||||||||
Corporate | PE | |||||||||||||
Financial | ||||||||||||||
Assets by Segment | Real Estate | Investment | Environment | Banking and | Aircraft and | Asia and | ||||||||
Services and | Insurance | ORIX USA | ORIX Europe | Total | ||||||||||
and | and Energy | Credit | Ships | Australia | ||||||||||
Maintenance | ||||||||||||||
Concession | ||||||||||||||
Leasing | ||||||||||||||
Investment in Direct Financing Leases | 688,567 | 78,739 | 163 | 25,533 | 42 | - | (1) | 1,631 | - | 360,761 | 1,155,435 | |||
Installment Loans | 412,363 | 316 | 23 | 5 | 11,778 | 2,038,202 | 33,868 | 594,264 | - | 186,715 | 3,277,534 | |||
Investment in Operating Leases | 546,563 | 241,981 | - | 2,030 | 29,810 | - | 295,982 | 13,022 | - | 200,114 | 1,329,502 | |||
Investment in Securities | 38,935 | 8,039 | 17,798 | 1,080 | 1,208,389 | 266,361 | 134 | 305,294 | 43,661 | 36,252 | 1,925,943 | |||
Property under Facility Operations and Servicing Assets | 17,974 | 141,949 | 25,568 | 239,413 | - | - | - | 40,539 | - | 3,609 | 469,052 | |||
Inventories | 638 | 80,920 | 30,217 | 559 | - | - | 558 | 2,487 | - | 116 | 115,495 | |||
Advances for DFL and Operating Lease | 765 | 29,973 | - | 1,340 | - | - | 7,625 | 513 | - | 2,794 | 43,010 | |||
Investment in Affiliates | 16,536 | 107,072 | 59,913 | 102,053 | - | 404 | 285,896 | 69,750 | 1,636 | 199,400 | 842,660 | |||
Advances for Property under Facility Operations | - | 6,790 | 244 | 11,047 | - | - | - | - | - | - | 18,081 | |||
Goodwill, Intangible Assets Acquired in Business Combinations | 119,450 | 63,687 | 145,989 | 12,546 | 4,452 | 11,771 | 22,222 | 125,391 | 297,783 | 6,913 | 810,204 | |||
Total | 1,841,791 | 759,466 | 279,915 | 395,606 | 1,254,471 | 2,316,738 | 646,284 | 1,152,891 | 343,080 | 996,674 | 9,986,916 |
- 2 -
(Unaudited) | |||||||||||||||
Segment Asset Details (2) | |||||||||||||||
2020.3 | (Millions of yen) | ||||||||||||||
Corporate | PE | ||||||||||||||
Financial | |||||||||||||||
Assets by Segment | Real Estate | Investment | Environment | Banking and | Aircraft and | Asia and | |||||||||
Services and | Insurance | ORIX USA | ORIX Europe | Total | |||||||||||
and | and Energy | Credit | Ships | Australia | |||||||||||
Maintenance | |||||||||||||||
Concession | |||||||||||||||
Leasing | |||||||||||||||
Net Investment in Leases * | 648,627 | 73,279 | 141 | 25,355 | - | - | 1,839 | 1,172 | - | 330,346 | 1,080,759 | ||||
Installment Loans | 379,541 | - | - | - | 17,720 | 2,318,347 | 24,088 | 778,249 | - | 222,465 | 3,740,410 | ||||
Investment in Operating Leases * | 572,492 | 319,550 | 9,367 | 1,958 | 29,271 | - | 253,717 | 9,148 | - | 195,660 | 1,391,163 | ||||
Investment in Securities | 28,616 | 7,274 | 17,916 | 191 | 1,528,042 | 273,218 | - | 320,217 | 38,057 | 29,248 | 2,242,779 | ||||
Property under Facility Operations and Servicing Assets | * | 19,992 | 140,416 | 43,735 | 338,695 | - | - | - | 66,416 | - | 2,600 | 611,854 | |||
Inventories | 736 | 82,762 | 40,263 | 394 | - | - | - | 1,442 | - | 242 | 125,839 | ||||
Advances for Finance Lease and Operating Lease | 293 | 37,272 | - | 1,861 | - | - | 4,990 | 1,259 | - | 1,742 | 47,417 | ||||
Investment in Affiliates | 18,347 | 91,835 | 68,603 | 82,253 | - | 400 | 284,453 | 52,361 | 1,495 | 221,853 | 821,600 | ||||
Advances for Property under Facility Operations | 760 | 7,327 | 245 | 12,229 | - | - | - | - | - | - | 20,561 | ||||
Goodwill, Intangible Assets Acquired in Business Combinations | 120,289 | 61,479 | 142,252 | 15,860 | 5,125 | 11,771 | 16,217 | 143,763 | 278,295 | 6,112 | 801,163 | ||||
Total | 1,789,693 | 821,194 | 322,522 | 478,796 | 1,580,158 | 2,603,736 | 585,304 | 1,374,027 | 317,847 | 1,010,268 | 10,883,545 | ||||
2020.6 | (Millions of yen) | ||||||||||||||
Corporate | PE | ||||||||||||||
Financial | |||||||||||||||
Assets by Segment | Real Estate | Investment | Environment | Banking and | Aircraft and | Asia and | |||||||||
Services and | Insurance | ORIX USA | ORIX Europe | Total | |||||||||||
and | and Energy | Credit | Ships | Australia | |||||||||||
Maintenance | |||||||||||||||
Concession | |||||||||||||||
Leasing | |||||||||||||||
Net Investment in Leases * | 629,419 | 72,107 | 134 | 25,251 | - | - | 4,775 | 1,084 | - | 326,587 | 1,059,357 | ||||
Installment Loans | 362,928 | - | - | - | 18,794 | 2,347,904 | 19,774 | 731,928 | - | 229,691 | 3,711,019 | ||||
Investment in Operating Leases * | 561,735 | 304,869 | 9,574 | 1,893 | 29,219 | - | 255,863 | 7,466 | - | 205,803 | 1,376,422 | ||||
Investment in Securities | 28,901 | 8,047 | 21,212 | 75 | 1,610,842 | 269,425 | - | 313,474 | 44,519 | 27,276 | 2,323,771 | ||||
Property under Facility Operations and Servicing Assets | * | 19,633 | 139,593 | 43,352 | 347,663 | - | - | - | 66,324 | - | 1,963 | 618,528 | |||
Inventories | 660 | 85,882 | 41,083 | 403 | - | - | 10 | 1,061 | - | 267 | 129,366 | ||||
Advances for Finance Lease and Operating Lease | 2,231 | 43,764 | - | 1,084 | - | - | 5,726 | 1,344 | - | 2,020 | 56,169 | ||||
Investment in Affiliates | 18,103 | 93,694 | 64,671 | 81,573 | - | 350 | 285,138 | 54,027 | 1,479 | 208,259 | 807,294 | ||||
Advances for Property under Facility Operations | 760 | 7,557 | 4,480 | 13,120 | - | - | - | - | - | - | 25,917 | ||||
Goodwill, Intangible Assets Acquired in Business Combinations | 119,502 | 60,955 | 147,884 | 11,773 | 5,125 | 11,771 | 14,846 | 140,087 | 280,742 | 6,127 | 798,812 | ||||
Total | 1,743,872 | 816,468 | 332,390 | 482,835 | 1,663,980 | 2,629,450 | 586,132 | 1,316,795 | 326,740 | 1,007,993 | 10,906,655 |
- Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.
- Since the first quarter of fiscal 2021, the reportable segments have been reorganized. As a result of this change, segment data for the previous fiscal year has been retrospectively restated.
- 3 -
(Unaudited) | ||||||||||||
Corporate Financial Services and Maintenance Leasing (1) | ||||||||||||
(Millions of yen) | ||||||||||||
Segment Income Statement Data | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 | |||
Finance revenues *1 | 51,200 | 48,125 | 46,564 | 15,154 | 15,232 | 15,425 | 15,591 | 61,402 | 14,020 | |||
Gains on investment securities and dividends | 3,717 | 17,713 | (744) | 545 | 127 | 865 | (1,426) | 111 | 642 | |||
Operating leases *1 | 205,672 | 207,536 | 213,403 | 59,576 | 61,995 | 61,513 | 60,893 | 243,977 | 58,158 | |||
Sales of goods and real estate | 8,105 | 8,157 | 9,771 | 2,832 | 3,192 | 3,033 | 2,479 | 11,536 | 2,392 | |||
Services income | 105,019 | 107,703 | 109,773 | 25,642 | 27,251 | 28,819 | 29,298 | 111,010 | 26,590 | |||
Total Segment Revenues : | 373,713 | 389,234 | 378,767 | 103,749 | 107,797 | 109,655 | 106,835 | 428,036 | 101,802 | |||
Interest expense | 9,752 | 8,102 | 6,832 | 1,599 | 1,588 | 1,573 | 1,443 | 6,203 | 1,448 | |||
Costs of operating leases *1 | 150,049 | 152,128 | 161,539 | 47,198 | 48,912 | 48,861 | 49,191 | 194,162 | 48,773 | |||
Costs of goods and real estate sold | 4,559 | 4,698 | 6,115 | 1,734 | 1,953 | 1,735 | 1,392 | 6,814 | 1,621 | |||
Services expense | 43,968 | 45,260 | 47,977 | 12,166 | 12,783 | 14,499 | 13,572 | 53,020 | 13,713 | |||
Selling, general and administrative expenses *2 | 74,953 | 74,695 | 76,282 | 21,753 | 21,224 | 21,961 | 22,395 | 87,333 | 21,883 | |||
Provision for doubtful receivables and probable loan losses, | ||||||||||||
provision for credit losses, and write-downs of long-lived | (1,133) | 361 | 1,760 | 332 | 156 | 23 | 678 | 1,189 | 299 | |||
assets and securities *3 | ||||||||||||
Other | *1 | (1,661) | (798) | 271 | 4,671 | 4,460 | 4,291 | 4,226 | 17,648 | 3,813 | ||
Total Segment Expenses : | 280,487 | 284,446 | 300,776 | 89,453 | 91,076 | 92,943 | 92,897 | 366,369 | 91,550 | |||
Segment Operating Income | 93,226 | 104,788 | 77,991 | 14,296 | 16,721 | 16,712 | 13,938 | 61,667 | 10,252 | |||
Equity in Net Income (Loss) of Affiliates and others | 3,038 | 2,552 | 319 | 1,161 | 403 | 504 | (757) | 1,311 | (45) | |||
Segment Profits | 96,264 | 107,340 | 78,310 | 15,457 | 17,124 | 17,216 | 13,181 | 62,978 | 10,207 |
*1 Accounting Standards Update 2018-20("Narrow-Scope Improvements for Lessors"―ASC 842 ("Leases")) has been adopted since the fourth quarter of fiscal 2020, and presentation of income statement regarding the certain lessor costs of finance lease and operating lease, such as the property taxes has been changed.
The presented amounts since the first quarter of fiscal 2020 have been retrospectively reclassified for the adoption.
*2 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.
*3 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.
(Millions of yen) | |||||||||
Segment Profits | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 |
Corporate Financial Services | 46,653 | 56,536 | 28,921 | 4,644 | 5,593 | 5,220 | 2,922 | 18,379 | 3,020 |
Yayoi | 5,712 | 6,474 | 6,304 | 1,935 | 1,902 | 1,662 | 1,157 | 6,656 | 1,721 |
Auto | 33,534 | 33,272 | 30,696 | 6,306 | 6,565 | 7,027 | 6,211 | 26,109 | 3,920 |
Rentec | 10,365 | 11,058 | 12,389 | 2,572 | 3,064 | 3,307 | 2,891 | 11,834 | 1,546 |
Total Segment Profits | 96,264 | 107,340 | 78,310 | 15,457 | 17,124 | 17,216 | 13,181 | 62,978 | 10,207 |
- 4 -
(Unaudited) | ||||||||||
Corporate Financial Services and Maintenance Leasing (2) | ||||||||||
(Millions of yen) | ||||||||||
Segment Assets | 2017.3 | 2018.3 | 2019.3 | 2019.6 | 2019.9 | 2019.12 | 2020.3 | 2020.6 | ||
Net Investment in Leases * | 736,856 | 709,719 | 688,567 | 680,663 | 674,860 | 670,227 | 648,627 | 629,419 | ||
Installment Loans | 474,360 | 429,323 | 412,363 | 406,013 | 409,250 | 414,454 | 379,541 | 362,928 | ||
Investment in Operating Leases * | 514,276 | 524,886 | 546,563 | 557,372 | 562,954 | 577,531 | 572,492 | 561,735 | ||
Investment in Securities | 44,923 | 28,478 | 38,935 | 26,202 | 26,143 | 30,411 | 28,616 | 28,901 | ||
Property under Facility Operations * | 13,751 | 15,979 | 17,974 | 20,851 | 20,507 | 20,250 | 19,992 | 19,633 | ||
Inventories | 496 | 509 | 638 | 800 | 815 | 820 | 736 | 660 | ||
Advances for Finance Lease and Operating Lease | 369 | 302 | 765 | 322 | 319 | 335 | 293 | 2,231 | ||
Investment in Affiliates | 20,517 | 19,089 | 16,536 | 17,018 | 17,486 | 18,050 | 18,347 | 18,103 | ||
Advances for Property under Facility Operations | 139 | 720 | - | - | 763 | 760 | 760 | 760 | ||
Goodwill, Intangible Assets Acquired in Business Combinations | 103,600 | 121,924 | 119,450 | 122,407 | 121,678 | 120,989 | 120,289 | 119,502 | ||
Total Segment Assets | 1,909,287 | 1,850,929 | 1,841,791 | 1,831,648 | 1,834,775 | 1,853,827 | 1,789,693 | 1,743,872 |
- Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.
(Millions of yen) | ||||||||
Segment Assets | 2017.3 | 2018.3 | 2019.3 | 2019.6 | 2019.9 | 2019.12 | 2020.3 | 2020.6 |
Corporate Financial Services | 999,904 | 903,012 | 868,965 | 852,336 | 850,260 | 855,123 | 802,763 | 772,310 |
Yayoi | 102,660 | 100,727 | 99,051 | 98,632 | 98,238 | 97,760 | 97,314 | 96,691 |
Auto | 704,669 | 731,335 | 745,215 | 749,967 | 750,631 | 755,138 | 740,274 | 727,838 |
Rentec | 102,054 | 115,855 | 128,560 | 130,713 | 135,646 | 145,806 | 149,342 | 147,033 |
Total Segment Assets | 1,909,287 | 1,850,929 | 1,841,791 | 1,831,648 | 1,834,775 | 1,853,827 | 1,789,693 | 1,743,872 |
(Thousand Autos) | ||||||||
Automobile Operations | 2017.3 | 2018.3 | 2019.3 | 2019.9 | 2020.3 | |||
Number of Automobiles Under Management in Japan | 1,284 | 1,347 | 1,406 | 1,433 | 1,439 |
- 5 -
(Unaudited) | ||||||||||||
Real Estate (1) | ||||||||||||
(Millions of yen) | ||||||||||||
Segment Income Statement Data | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 | |||
Finance revenues *1 | 6,530 | 6,868 | 6,265 | 1,721 | 1,710 | 1,604 | 1,688 | 6,723 | 1,592 | |||
Operating leases | 94,925 | 54,721 | 72,309 | 12,878 | 22,444 | 12,722 | 15,105 | 63,149 | 12,568 | |||
Sales of goods and real estate | 121,950 | 131,829 | 141,489 | 15,363 | 32,118 | 20,294 | 54,455 | 122,230 | 21,476 | |||
Services income | 286,455 | 298,964 | 311,590 | 64,078 | 79,210 | 68,571 | 64,264 | 276,123 | 43,042 | |||
Other | 420 | 558 | (31) | (212) | 118 | 240 | (285) | (139) | (29) | |||
Total Segment Revenues : | 510,280 | 492,940 | 531,622 | 93,828 | 135,600 | 103,431 | 135,227 | 468,086 | 78,649 | |||
Interest expense | 3,730 | 2,641 | 2,633 | 496 | 408 | 359 | 586 | 1,849 | 573 | |||
Costs of operating leases | 30,706 | 29,964 | 27,676 | 6,802 | 6,678 | 6,424 | 6,750 | 26,654 | 6,235 | |||
Costs of goods and real estate sold | 100,853 | 112,204 | 121,414 | 15,383 | 28,568 | 19,153 | 45,533 | 108,637 | 18,279 | |||
Services expense | 244,475 | 256,447 | 262,749 | 55,304 | 65,961 | 59,665 | 58,166 | 239,096 | 44,324 | |||
Selling, general and administrative expenses *2 | 39,061 | 37,238 | 38,367 | 10,357 | 9,151 | 8,982 | 10,100 | 38,590 | 9,300 | |||
Provision for doubtful receivables and probable loan losses, | ||||||||||||
provision for credit losses, and write-downs of long-lived | 3,909 | 4,253 | 1,662 | 52 | 165 | (28) | 356 | 545 | 93 | |||
assets and securities *3 | ||||||||||||
Other | *1 | 249 | 128 | 723 | 423 | 637 | 181 | 26 | 1,267 | (724) | ||
Total Segment Expenses : | 422,983 | 442,875 | 455,224 | 88,817 | 111,568 | 94,736 | 121,517 | 416,638 | 78,080 | |||
Segment Operating Income | 87,297 | 50,065 | 76,398 | 5,011 | 24,032 | 8,695 | 13,710 | 51,448 | 569 | |||
Equity in Net Income (Loss) of Affiliates and others | 832 | 28,780 | 17,350 | 522 | 17,879 | 1,819 | 8,514 | 28,734 | 946 | |||
Segment Profits | 88,129 | 78,845 | 93,748 | 5,533 | 41,911 | 10,514 | 22,224 | 80,182 | 1,515 |
*1 Accounting Standards Update 2018-20("Narrow-Scope Improvements for Lessors"―ASC 842 ("Leases")) has been adopted since the fourth quarter of fiscal 2020, and presentation of income statement regarding the certain lessor costs of finance lease and operating lease, such as the property taxes has been changed.
The presented amounts since the first quarter of fiscal 2020 have been retrospectively reclassified for the adoption.
*2 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.
*3 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.
(Millions of yen) | ||||||||||
Segment Profits | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 | |
RE Investment and Facilities Operation | 76,152 | 66,335 | 74,488 | 7,549 | 34,476 | 8,401 | 8,601 | 59,027 | (1,055) | |
DAIKYO | 11,977 | 12,510 | 19,260 | (2,016) | 7,435 | 2,113 | 13,623 | 21,155 | 2,570 | |
Total Segment Profits | 88,129 | 78,845 | 93,748 | 5,533 | 41,911 | 10,514 | 22,224 | 80,182 | 1,515 | |
(Millions of yen) | ||||||||||
Services income | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 | |
Revenues from real estate management and contract work | 181,938 | 185,343 | 188,579 | 40,299 | 55,313 | 49,470 | 50,815 | 195,897 | 39,506 | |
Facilities operation | 93,351 | 98,853 | 112,769 | 20,639 | 21,047 | 16,069 | 11,079 | 68,834 | 1,587 | |
Other | 11,166 | 14,768 | 10,242 | 3,140 | 2,850 | 3,032 | 2,370 | 11,392 | 1,949 | |
Total Services income | 286,455 | 298,964 | 311,590 | 64,078 | 79,210 | 68,571 | 64,264 | 276,123 | 43,042 | |
(Millions of yen) | ||||||||||
Gains on sales | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 | |
Gains on Rental Property Sales (included in Operating leases) | 50,708 | 13,328 | 35,339 | 4,357 | 14,043 | 4,637 | 7,110 | 30,147 | 4,693 | |
Gains on sales of property under operations (included in Services income) | 81 | 84 | 13,435 | 630 | 422 | 168 | 218 | 1,438 | 219 | |
Gains on sales (included in Equity in Net Income (Loss) of Affiliates) and others | 1,491 | 33,767 | 9,427 | (301) | 16,233 | 1,116 | 6,079 | 23,127 | 428 | |
Total Gains on sales | 52,280 | 47,179 | 58,201 | 4,686 | 30,698 | 5,921 | 13,407 | 54,712 | 5,340 |
- 6 -
(Unaudited) | ||||||||||
Real Estate (2) | ||||||||||
(Millions of yen) | ||||||||||
Segment Assets | 2017.3 | 2018.3 | 2019.3 | 2019.6 | 2019.9 | 2019.12 | 2020.3 | 2020.6 | ||
Net Investment in Leases * | 82,749 | 82,923 | 78,739 | 76,888 | 75,210 | 74,534 | 73,279 | 72,107 | ||
Installment Loans | 4 | 313 | 316 | 316 | - | - | - | - | ||
Investment in Operating Leases * | 323,490 | 275,373 | 241,981 | 344,083 | 320,666 | 321,681 | 319,550 | 304,869 | ||
Investment in Securities | 4,897 | 4,356 | 8,039 | 7,743 | 7,885 | 7,583 | 7,274 | 8,047 | ||
Property under Facility Operations * | 180,632 | 191,172 | 141,949 | 173,502 | 125,404 | 124,694 | 140,416 | 139,593 | ||
Inventories | 90,548 | 80,108 | 80,920 | 91,704 | 90,242 | 96,971 | 82,762 | 85,882 | ||
Advances for Finance Lease and Operating Lease | 19,803 | 21,737 | 29,973 | 29,316 | 33,020 | 37,880 | 37,272 | 43,764 | ||
Investment in Affiliates | 110,552 | 100,220 | 107,072 | 102,072 | 98,889 | 96,205 | 91,835 | 93,694 | ||
Advances for Property under Facility Operations | 11,196 | 19,351 | 6,790 | 6,902 | 7,186 | 9,655 | 7,327 | 7,557 | ||
Goodwill, Intangible Assets Acquired in Business Combinations | 76,171 | 73,982 | 63,687 | 63,052 | 62,528 | 62,003 | 61,479 | 60,955 | ||
Total Segment Assets | 900,042 | 849,535 | 759,466 | 895,578 | 821,030 | 831,206 | 821,194 | 816,468 |
- Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.
(Millions of yen) | ||||||||
Segment Assets | 2017.3 | 2018.3 | 2019.3 | 2019.6 | 2019.9 | 2019.12 | 2020.3 | 2020.6 |
RE Investment and Facilities Operation | 713,851 | 667,804 | 554,694 | 673,967 | 604,249 | 604,838 | 611,462 | 603,050 |
DAIKYO | 186,191 | 181,731 | 204,772 | 221,611 | 216,781 | 226,368 | 209,732 | 213,418 |
Total Segment Assets | 900,042 | 849,535 | 759,466 | 895,578 | 821,030 | 831,206 | 821,194 | 816,468 |
(Billions of yen) | ||||||||
Asset Management Business | 2017.3 | 2018.3 | 2019.3 | 2019.9 | 2020.3 | |||
ORIX Asset Management Corporation * | 639.5 | 659.7 | 673.9 | 677.3 | 681.0 | |||
ORIX Real Estate Investment Advisors Corporation | 393.1 | 425.5 | 538.0 | 586.4 | 633.8 | |||
End of Period Total AUM | 1,032.6 | 1,085.2 | 1,211.9 | 1,263.7 | 1,314.8 |
* For ORIX Asset Management Corporation, the end of period AUM for February and August are shown in the columns of the end of period AUM for March and September correspondingly.
- 7 -
(Unaudited) | |||||||||||
PE Investment and Concession (1) | |||||||||||
(Millions of yen) | |||||||||||
Segment Income Statement Data | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 | ||
Finance revenues | 192 | 116 | 116 | 30 | 30 | 30 | 34 | 124 | 37 | ||
Gains on investment securities and dividends | 11,756 | 7,467 | 850 | 595 | 535 | 1,400 | (1,945) | 585 | (44) | ||
Sales of goods and real estate | 812,328 | 916,223 | 429,447 | 66,987 | 56,714 | 70,354 | 67,420 | 261,475 | 83,035 | ||
Services income | 16,620 | 25,719 | 36,629 | 9,864 | 9,089 | 8,263 | 5,249 | 32,465 | 5,105 | ||
Other | - | - | - | - | - | - | 1,716 | 1,716 | 1,640 | ||
Total Segment Revenues : | 840,896 | 949,525 | 467,042 | 77,476 | 66,368 | 80,047 | 72,474 | 296,365 | 89,773 | ||
Interest expense | 1,261 | 1,237 | 1,235 | 311 | 290 | 249 | 337 | 1,187 | 394 | ||
Costs of goods and real estate sold | 767,824 | 868,327 | 395,502 | 56,995 | 49,689 | 63,423 | 59,798 | 229,905 | 71,940 | ||
Services expense | 11,127 | 19,209 | 25,183 | 6,640 | 6,257 | 5,348 | 3,776 | 22,021 | 3,552 | ||
Selling, general and administrative expenses *1 | 39,879 | 40,104 | 35,543 | 8,240 | 8,645 | 7,581 | 9,051 | 33,517 | 8,520 | ||
Provision for doubtful receivables and probable loan losses, | |||||||||||
provision for credit losses, and write-downs of long-lived | 7,021 | 167 | 154 | 47 | 19 | (9) | 41 | 98 | 11 | ||
assets and securities *2 | |||||||||||
Other | 79 | 1,500 | (163) | 1 | (245) | (20) | 1,066 | 802 | 627 | ||
Total Segment Expenses : | 827,191 | 930,544 | 457,454 | 72,234 | 64,655 | 76,572 | 74,069 | 287,530 | 85,044 | ||
Segment Operating Income | 13,705 | 18,981 | 9,588 | 5,242 | 1,713 | 3,475 | (1,595) | 8,835 | 4,729 | ||
Equity in Net Income (Loss) of Affiliates and others | 39,291 | 32,127 | 13,473 | 5,013 | 7,681 | 20,532 | 2,049 | 35,275 | (237) | ||
Segment Profits | 52,996 | 51,108 | 23,061 | 10,255 | 9,394 | 24,007 | 454 | 44,110 | 4,492 |
*1 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.
*2 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.
(Millions of yen) | |||||||||
Segment Profits | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 |
PE Investment | 47,064 | 38,894 | 10,052 | 7,081 | 1,631 | 19,765 | (3,687) | 24,790 | 4,607 |
Concession | 5,932 | 12,214 | 13,009 | 3,174 | 7,763 | 4,242 | 4,141 | 19,320 | (115) |
Total Segment Profits | 52,996 | 51,108 | 23,061 | 10,255 | 9,394 | 24,007 | 454 | 44,110 | 4,492 |
- 8 -
(Unaudited) | ||||||||||
PE Investment and Concession (2) | ||||||||||
(Millions of yen) | ||||||||||
Segment Assets | 2017.3 | 2018.3 | 2019.3 | 2019.6 | 2019.9 | 2019.12 | 2020.3 | 2020.6 | ||
Net Investment in Leases * | - | - | 163 | 161 | 154 | 148 | 141 | 134 | ||
Installment Loans | 23 | 23 | 23 | - | - | - | - | - | ||
Investment in Operating Leases | - | - | - | - | 8,760 | 8,709 | 9,367 | 9,574 | ||
Investment in Securities | 35,645 | 19,688 | 17,798 | 18,173 | 17,765 | 18,174 | 17,916 | 21,212 | ||
Property under Facility Operations * | 31,634 | 25,981 | 25,568 | 26,968 | 26,533 | 26,085 | 43,735 | 43,352 | ||
Inventories | 21,951 | 23,253 | 30,217 | 28,673 | 32,645 | 31,678 | 40,263 | 41,083 | ||
Investment in Affiliates | 40,790 | 54,331 | 59,913 | 62,770 | 62,720 | 67,009 | 68,603 | 64,671 | ||
Advances for Property under Facility Operations | 326 | 668 | 244 | 79 | 117 | 281 | 245 | 4,480 | ||
Goodwill, Intangible Assets Acquired in Business Combinations | 102,714 | 109,364 | 145,989 | 131,675 | 147,035 | 123,658 | 142,252 | 147,884 | ||
Total Segment Assets | 233,083 | 233,308 | 279,915 | 268,499 | 295,729 | 275,742 | 322,522 | 332,390 |
- Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.
(Millions of yen) | ||||||||
Segment Assets | 2017.3 | 2018.3 | 2019.3 | 2019.6 | 2019.9 | 2019.12 | 2020.3 | 2020.6 |
PE Investment | 196,134 | 188,463 | 230,754 | 216,304 | 243,550 | 219,424 | 262,413 | 272,430 |
Concession | 36,949 | 44,845 | 49,161 | 52,195 | 52,179 | 56,318 | 60,109 | 59,960 |
Total Segment Assets | 233,083 | 233,308 | 279,915 | 268,499 | 295,729 | 275,742 | 322,522 | 332,390 |
- 9 -
(Unaudited) | ||||||||||||
Environment and Energy (1) | ||||||||||||
(Millions of yen) | ||||||||||||
Segment Income Statement Data | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 | |||
Finance revenues *1 | 1,221 | 1,221 | 1,362 | 433 | 414 | 435 | 677 | 1,959 | 579 | |||
Services income | 101,464 | 113,861 | 132,108 | 36,231 | 38,985 | 32,918 | 33,580 | 141,714 | 32,952 | |||
Other | 13,288 | 8,298 | 6,184 | 995 | 1,269 | 1,232 | 1,254 | 4,750 | 695 | |||
Total Segment Revenues : | 115,973 | 123,380 | 139,654 | 37,659 | 40,668 | 34,585 | 35,511 | 148,423 | 34,226 | |||
Interest expense | 3,206 | 4,191 | 5,651 | 1,515 | 1,637 | 1,641 | 2,939 | 7,732 | 2,873 | |||
Services expense | 80,112 | 90,876 | 106,264 | 27,892 | 30,709 | 26,274 | 26,268 | 111,143 | 22,984 | |||
Selling, general and administrative expenses *2 | 9,958 | 10,337 | 11,172 | 3,083 | 3,017 | 2,573 | 3,134 | 11,807 | 3,144 | |||
Provision for doubtful receivables and probable loan losses, | ||||||||||||
provision for credit losses, and write-downs of long-lived | 768 | 2 | 162 | (3) | 2 | (8) | 2,090 | 2,081 | 463 | |||
assets and securities *3 | ||||||||||||
Other | *1 | 11,069 | 6,260 | 5,460 | 1,011 | 975 | 853 | 208 | 3,047 | 651 | ||
Total Segment Expenses : | 105,113 | 111,666 | 128,709 | 33,498 | 36,340 | 31,333 | 34,639 | 135,810 | 30,115 | |||
Segment Operating Income | 10,860 | 11,714 | 10,945 | 4,161 | 4,328 | 3,252 | 872 | 12,613 | 4,111 | |||
Equity in Net Income (Loss) of Affiliates and others | 1,233 | 15,302 | 1,199 | (444) | 482 | (194) | (832) | (988) | 3,992 | |||
Segment Profits | 12,093 | 27,016 | 12,144 | 3,717 | 4,810 | 3,058 | 40 | 11,625 | 8,103 |
*1 Accounting Standards Update 2018-20("Narrow-Scope Improvements for Lessors"―ASC 842 ("Leases")) has been adopted since the fourth quarter of fiscal 2020, and presentation of income statement regarding the certain lessor costs of finance lease and operating lease, such as the property taxes has been changed.
The presented amounts since the first quarter of fiscal 2020 have been retrospectively reclassified for the adoption.
*2 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.
*3 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.
- 10 -
(Unaudited) | ||||||||||
Environment and Energy (2) | ||||||||||
(Millions of yen) | ||||||||||
Segment Assets | 2017.3 | 2018.3 | 2019.3 | 2019.6 | 2019.9 | 2019.12 | 2020.3 | 2020.6 | ||
Net Investment in Leases * | 26,016 | 25,497 | 25,533 | 25,294 | 25,232 | 26,594 | 25,355 | 25,251 | ||
Installment Loans | (2) | (28) | 5 | 4 | 5 | - | - | - | ||
Investment in Operating Leases | 2,130 | 2,104 | 2,030 | 1,931 | 1,997 | 1,890 | 1,958 | 1,893 | ||
Investment in Securities | 1,891 | 163 | 1,080 | 746 | 597 | 465 | 191 | 75 | ||
Property under Facility Operations * | 155,961 | 182,124 | 239,413 | 271,137 | 273,629 | 338,181 | 338,695 | 347,663 | ||
Inventories | 2,866 | 1,007 | 559 | 474 | 378 | 402 | 394 | 403 | ||
Advances for Finance Lease and Operating Lease | 115 | 146 | 1,340 | 1,256 | 917 | 914 | 1,861 | 1,084 | ||
Investment in Affiliates | 19,485 | 102,564 | 102,053 | 101,965 | 99,748 | 81,921 | 82,253 | 81,573 | ||
Advances for Property under Facility Operations | 54,855 | 44,234 | 11,047 | 12,915 | 11,309 | 16,910 | 12,229 | 13,120 | ||
Goodwill, Intangible Assets Acquired in Business Combinations | 13,634 | 13,145 | 12,546 | 12,363 | 12,202 | 15,979 | 15,860 | 11,773 | ||
Total Segment Assets | 276,951 | 370,956 | 395,606 | 428,085 | 426,014 | 483,256 | 478,796 | 482,835 |
- Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.
- 11 -
(Unaudited) | |||||||||||
Insurance (1) | |||||||||||
(Millions of yen) | |||||||||||
Segment Income Statement Data | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 | ||
Finance revenues | 163 | 296 | 221 | 52 | 53 | 55 | 60 | 220 | 58 | ||
Life insurance premiums and related investment income | 297,886 | 353,948 | 349,207 | 88,205 | 95,366 | 108,781 | 77,792 | 370,144 | 116,631 | ||
Other | (4,902) | 977 | 1,526 | 277 | 247 | 260 | 239 | 1,023 | 383 | ||
Total Segment Revenues : | 293,147 | 355,221 | 350,954 | 88,534 | 95,666 | 109,096 | 78,091 | 371,387 | 117,072 | ||
Interest expense | 1 | 1 | 1 | - | - | - | 1 | 1 | - | ||
Life insurance costs | 201,417 | 256,843 | 247,809 | 62,293 | 69,623 | 78,383 | 61,644 | 271,943 | 85,380 | ||
Selling, general and administrative expenses *1 | 45,701 | 51,996 | 51,985 | 13,070 | 12,883 | 13,062 | 15,201 | 54,216 | 13,733 | ||
Provision for doubtful receivables and probable loan losses, | |||||||||||
provision for credit losses, and write-downs of long-lived | (3) | - | 29 | (1) | - | (1) | 2 | - | (1) | ||
assets and securities *2 | |||||||||||
Other | (5,972) | 43 | (414) | 4 | 402 | 1 | 1 | 408 | (1) | ||
Total Segment Expenses : | 241,144 | 308,883 | 299,410 | 75,366 | 82,908 | 91,445 | 76,849 | 326,568 | 99,111 | ||
Segment Operating Income | 52,003 | 46,338 | 51,544 | 13,168 | 12,758 | 17,651 | 1,242 | 44,819 | 17,961 | ||
Equity in Net Income (Loss) of Affiliates and others | - | - | - | - | - | - | 14 | 14 | 1 | ||
Segment Profits | 52,003 | 46,338 | 51,544 | 13,168 | 12,758 | 17,651 | 1,256 | 44,833 | 17,962 | ||
of which Hartford | 4,290 | 3,561 | (4,243) | 375 | (577) | 3,062 | (9,021) | (6,161) | 4,336 |
*1 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.
*2 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.
- 12 -
(Unaudited) | ||||||||||
Insurance (2) | ||||||||||
(Millions of yen) | ||||||||||
Segment Assets | 2017.3 | 2018.3 | 2019.3 | 2019.6 | 2019.9 | 2019.12 | 2020.3 | 2020.6 | ||
Net Investment in Leases * | 448 | 208 | 42 | 19 | 1 | - | - | - | ||
Installment Loans | 11,524 | 7,554 | 11,778 | 11,899 | 15,831 | 17,531 | 17,720 | 18,794 | ||
Investment in Operating Leases | 46,243 | 44,319 | 29,810 | 29,677 | 29,501 | 29,350 | 29,271 | 29,219 | ||
Investment in Securities | 1,243,771 | 998,855 | 1,208,389 | 1,315,044 | 1,417,380 | 1,506,073 | 1,528,042 | 1,610,842 | ||
Goodwill, Intangible Assets Acquired in Business Combinations | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 5,125 | 5,125 | ||
Total Segment Assets | 1,306,438 | 1,055,388 | 1,254,471 | 1,361,091 | 1,467,165 | 1,557,406 | 1,580,158 | 1,663,980 |
- Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.
(Thousands) | ||||||||
Life Insurance Business | 2017.3 | 2018.3 | 2019.3 | 2019.6 | 2019.9 | 2019.12 | 2020.3 | 2020.6 |
Number of Insurance Policies in Force | 3,487 | 3,936 | 4,256 | 4,327 | 4,391 | 4,457 | 4,526 | 4,582 |
Number of New Insurance Policies in Force (accumulated) | 711 | 637 | 539 | 128 | 249 | 370 | 496 | 102 |
- 13 -
(Unaudited) | |||||||||||
Banking and Credit (1) | |||||||||||
(Millions of yen) | |||||||||||
Segment Income Statement Data | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 | ||
Finance revenues | 67,968 | 72,634 | 76,473 | 19,405 | 20,607 | 20,049 | 20,807 | 80,868 | 19,594 | ||
Other | 7,585 | 1,816 | 2,431 | 902 | 874 | 993 | 718 | 3,487 | 1,070 | ||
Total Segment Revenues : | 75,553 | 74,450 | 78,904 | 20,307 | 21,481 | 21,042 | 21,525 | 84,355 | 20,664 | ||
Interest expense | 4,074 | 4,024 | 4,078 | 1,017 | 1,084 | 1,160 | 1,227 | 4,488 | 1,229 | ||
Selling, general and administrative expenses *1 | 27,550 | 23,285 | 22,924 | 5,634 | 5,603 | 5,666 | 6,736 | 23,639 | 5,787 | ||
Provision for doubtful receivables and probable loan losses, | |||||||||||
provision for credit losses, and write-downs of long-lived | 10,112 | 11,244 | 11,512 | 3,075 | 3,641 | 3,052 | 2,203 | 11,971 | 514 | ||
assets and securities *2 | |||||||||||
Other | 9,234 | 3,817 | 3,959 | 1,432 | 1,535 | 492 | 1,705 | 5,164 | 1,683 | ||
Total Segment Expenses : | 50,970 | 42,370 | 42,473 | 11,158 | 11,863 | 10,370 | 11,871 | 45,262 | 9,213 | ||
Segment Operating Income | 24,583 | 32,080 | 36,431 | 9,149 | 9,618 | 10,672 | 9,654 | 39,093 | 11,451 | ||
Equity in Net Income (Loss) of Affiliates and others | 6 | 4 | 3 | 1 | 1 | - | 1 | 3 | 1 | ||
Segment Profits | 24,589 | 32,084 | 36,434 | 9,150 | 9,619 | 10,672 | 9,655 | 39,096 | 11,452 |
*1 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.
*2 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.
(Millions of yen) | |||||||||
Segment Profits | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 |
Banking | 17,858 | 21,577 | 24,975 | 6,154 | 6,930 | 7,702 | 6,123 | 26,909 | 6,151 |
Credit | 6,731 | 10,507 | 11,459 | 2,996 | 2,689 | 2,970 | 3,532 | 12,187 | 5,301 |
Total Segment Profits | 24,589 | 32,084 | 36,434 | 9,150 | 9,619 | 10,672 | 9,655 | 39,096 | 11,452 |
- 14 -
(Unaudited) | ||||||||||
Banking and Credit (2) | ||||||||||
(Millions of yen) | ||||||||||
Segment Assets | 2017.3 | 2018.3 | 2019.3 | 2019.6 | 2019.9 | 2019.12 | 2020.3 | 2020.6 | ||
Investment in Direct Financing Leases | 70 | - | - | - | - | - | - | - | ||
Installment Loans | 1,715,455 | 1,845,207 | 2,038,202 | 2,117,899 | 2,204,175 | 2,274,205 | 2,318,347 | 2,347,904 | ||
Investment in Securities | 258,904 | 261,436 | 266,361 | 243,728 | 263,123 | 266,716 | 273,218 | 269,425 | ||
Investment in Affiliates | 565 | 455 | 404 | 345 | 289 | 239 | 400 | 350 | ||
Goodwill, Intangible Assets Acquired in Business Combinations | 11,771 | 11,771 | 11,771 | 11,771 | 11,771 | 11,771 | 11,771 | 11,771 | ||
Total Segment Assets | 1,986,765 | 2,118,869 | 2,316,738 | 2,373,743 | 2,479,358 | 2,552,931 | 2,603,736 | 2,629,450 | ||
(Millions of yen) | ||||||||||
Segment Assets | 2017.3 | 2018.3 | 2019.3 | 2019.6 | 2019.9 | 2019.12 | 2020.3 | 2020.6 | ||
Banking | 1,817,787 | 1,937,440 | 2,132,684 | 2,192,174 | 2,297,312 | 2,369,905 | 2,421,516 | 2,450,356 | ||
Credit | 168,978 | 181,429 | 184,054 | 181,569 | 182,046 | 183,026 | 182,220 | 179,094 | ||
Total Segment Assets | 1,986,765 | 2,118,869 | 2,316,738 | 2,373,743 | 2,479,358 | 2,552,931 | 2,603,736 | 2,629,450 | ||
(Millions of yen) | ||||||||||
2017.3 | 2018.3 | 2019.3 | 2019.6 | 2019.9 | 2019.12 | 2020.3 | 2020.6 | |||
Credit - Consumer loans guarantee | 249,719 | 297,153 | 343,119 | 342,507 | 346,335 | 342,156 | 341,466 | 324,094 |
- 15 -
(Unaudited) | |||||||||||
Aircraft and Ships (1) | |||||||||||
(Millions of yen) | |||||||||||
Segment Income Statement Data | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 | ||
Finance revenues | 1,127 | 3,810 | 3,095 | 701 | 683 | 503 | 591 | 2,478 | 296 | ||
Operating leases | 27,415 | 38,959 | 52,625 | 11,374 | 9,955 | 14,108 | 13,834 | 49,271 | 6,455 | ||
Services income | 8,163 | 9,439 | 12,406 | 2,378 | 1,678 | 2,327 | 3,833 | 10,216 | 796 | ||
Other | 504 | 3,366 | 2,936 | (14) | 2,679 | 20 | - | 2,685 | - | ||
Total Segment Revenues : | 37,209 | 55,574 | 71,062 | 14,439 | 14,995 | 16,958 | 18,258 | 64,650 | 7,547 | ||
Interest expense | 5,805 | 9,255 | 13,848 | 4,768 | 4,634 | 4,637 | 4,363 | 18,402 | 3,836 | ||
Costs of operating leases | 10,789 | 13,215 | 13,511 | 3,668 | 3,542 | 3,762 | 4,098 | 15,070 | 3,480 | ||
Services expense | 2,973 | 2,930 | 4,178 | 1,011 | 892 | 815 | 1,661 | 4,379 | 48 | ||
Selling, general and administrative expenses *1 | 5,067 | 8,398 | 10,246 | 2,076 | 2,393 | 2,344 | 2,586 | 9,399 | 1,668 | ||
Provision for doubtful receivables and probable loan losses, | |||||||||||
provision for credit losses, and write-downs of long-lived | 1,153 | - | 323 | - | - | - | - | - | (19) | ||
assets and securities *2 | |||||||||||
Other | 9 | 3,216 | 3,261 | (1,213) | 2,536 | (70) | (464) | 789 | 505 | ||
Total Segment Expenses : | 25,796 | 37,014 | 45,367 | 10,310 | 13,997 | 11,488 | 12,244 | 48,039 | 9,518 | ||
Segment Operating Income | 11,413 | 18,560 | 25,695 | 4,129 | 998 | 5,470 | 6,014 | 16,611 | (1,971) | ||
Equity in Net Income (Loss) of Affiliates and others | 1,214 | 1,770 | 10,727 | 6,421 | 5,294 | 10,982 | 5,979 | 28,676 | 9,259 | ||
Segment Profits | 12,627 | 20,330 | 36,422 | 10,550 | 6,292 | 16,452 | 11,993 | 45,287 | 7,288 | ||
of which Avolon | - | - | 4,716 | 3,270 | 2,549 | 8,389 | 3,442 | 17,650 | 5,933 |
*1 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.
*2 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.
- 16 -
(Unaudited) | ||||||||||
Aircraft and Ships (2) | ||||||||||
(Millions of yen) | ||||||||||
Segment Assets | 2017.3 | 2018.3 | 2019.3 | 2019.6 | 2019.9 | 2019.12 | 2020.3 | 2020.6 | ||
Net Investment in Leases * | (1) | (1) | (1) | (1) | (1) | 3,683 | 1,839 | 4,775 | ||
Installment Loans | 24,011 | 41,898 | 33,868 | 33,442 | 29,832 | 25,465 | 24,088 | 19,774 | ||
Investment in Operating Leases | 235,211 | 284,332 | 295,982 | 298,600 | 297,513 | 334,755 | 253,717 | 255,863 | ||
Investment in Securities | 9 | - | 134 | 120 | 118 | - | - | - | ||
Inventories | 347 | - | 558 | 898 | - | - | - | 10 | ||
Advances for Finance Lease and Operating Lease | 6,374 | 6,955 | 7,625 | 6,135 | 6,018 | 4,673 | 4,990 | 5,726 | ||
Investment in Affiliates | 10,429 | 22,762 | 285,896 | 281,439 | 284,228 | 288,990 | 284,453 | 285,138 | ||
Goodwill, Intangible Assets Acquired in Business Combinations | 20,470 | 25,757 | 22,222 | 24,481 | 24,337 | 20,826 | 16,217 | 14,846 | ||
Total Segment Assets | 296,850 | 381,703 | 646,284 | 645,114 | 642,045 | 678,392 | 585,304 | 586,132 |
- Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.
- 17 -
(Unaudited) | |||||||||||
ORIX USA (1) | |||||||||||
(Millions of yen) | |||||||||||
Segment Income Statement Data | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 | ||
Finance revenues | 47,418 | 53,017 | 65,366 | 19,479 | 19,344 | 20,129 | 21,021 | 79,973 | 19,854 | ||
Gains on investment securities and dividends | 9,450 | 12,168 | 16,013 | 3,319 | 5,729 | 2,269 | 4,639 | 15,956 | (2,386) | ||
Services income | 22,869 | 26,194 | 33,895 | 8,378 | 8,300 | 11,052 | 9,386 | 37,116 | 6,394 | ||
Other | 57,560 | 15,454 | 6,790 | 687 | 686 | 682 | 609 | 2,664 | 907 | ||
Total Segment Revenues : | 137,297 | 106,833 | 122,064 | 31,863 | 34,059 | 34,132 | 35,655 | 135,709 | 24,769 | ||
Interest expense | 13,645 | 17,062 | 22,921 | 7,312 | 5,746 | 5,862 | 6,223 | 25,143 | 5,432 | ||
Services expense | 7,166 | 7,104 | 6,156 | 1,000 | 842 | 873 | 520 | 3,235 | 597 | ||
Selling, general and administrative expenses *1 | 50,548 | 46,424 | 55,425 | 14,095 | 13,859 | 19,721 | 19,256 | 66,931 | 15,171 | ||
Provision for doubtful receivables and probable loan losses, | |||||||||||
provision for credit losses, and write-downs of long-lived | 7,718 | 4,723 | 5,761 | 198 | 1,285 | 1,712 | 5,056 | 8,251 | 4,921 | ||
assets and securities *2 | |||||||||||
Other | 40,876 | 8,728 | 2,773 | 689 | (429) | (354) | (125) | (219) | (485) | ||
Total Segment Expenses : | 119,953 | 84,041 | 93,036 | 23,294 | 21,303 | 27,814 | 30,930 | 103,341 | 25,636 | ||
Segment Operating Income | 17,344 | 22,792 | 29,028 | 8,569 | 12,756 | 6,318 | 4,725 | 32,368 | (867) | ||
Equity in Net Income (Loss) of Affiliates and others | 25,924 | 18,319 | 21,028 | 7,229 | 7,340 | 8,077 | 1,676 | 24,322 | 1,116 | ||
Segment Profits | 43,268 | 41,111 | 50,056 | 15,798 | 20,096 | 14,395 | 6,401 | 56,690 | 249 |
*1 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.
*2 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.
- 18 -
(Unaudited) | ||||||||||
ORIX USA (2) | ||||||||||
(Millions of yen) | ||||||||||
Segment Assets | 2017.3 | 2018.3 | 2019.3 | 2019.6 | 2019.9 | 2019.12 | 2020.3 | 2020.6 | ||
Net Investment in Leases * | 579 | 508 | 1,631 | 1,511 | 1,438 | 1,256 | 1,172 | 1,084 | ||
Installment Loans | 450,822 | 321,327 | 594,264 | 589,576 | 606,095 | 662,766 | 778,249 | 731,928 | ||
Investment in Operating Leases * | 21,824 | 16,801 | 13,022 | 11,015 | 10,167 | 9,705 | 9,148 | 7,466 | ||
Investment in Securities | 359,237 | 335,053 | 305,294 | 288,979 | 301,653 | 320,617 | 320,217 | 313,474 | ||
Property under Facility Operations and Servicing Assets * | 25,792 | 40,374 | 40,539 | 40,380 | 41,211 | 42,650 | 66,416 | 66,324 | ||
Inventories | 1,351 | 5,718 | 2,487 | 2,074 | 1,695 | 1,500 | 1,442 | 1,061 | ||
Advances for Finance Lease and Operating Lease | 1,801 | 1,608 | 513 | 484 | 446 | 740 | 1,259 | 1,344 | ||
Investment in Affiliates | 84,848 | 71,179 | 69,750 | 57,702 | 47,638 | 54,676 | 52,361 | 54,027 | ||
Goodwill, Intangible Assets Acquired in Business Combinations | 56,970 | 77,158 | 125,391 | 121,287 | 121,263 | 122,689 | 143,763 | 140,087 | ||
Total Segment Assets | 1,003,224 | 869,726 | 1,152,891 | 1,113,008 | 1,131,606 | 1,216,599 | 1,374,027 | 1,316,795 |
- Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.
(Billions of USD) | |||||||||||||
Asset Management Business | 2017.3 | 2018.3 | 2019.3 | 2019.6 | 2019.9 | 2019.12 | 2020.3 | 2020.6 | |||||
End of Period AUM | 39.7 | 48.3 | 54.8 | 56.4 | 58.1 | 59.8 | 76.5 | 77.1 |
- 19 -
(Unaudited) | |||||||||||
ORIX Europe (1) | |||||||||||
(Millions of yen) | |||||||||||
Segment Income Statement Data | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 | ||
Finance revenues | 63 | 414 | 688 | 116 | 114 | 163 | 166 | 559 | 50 | ||
Gains on investment securities and dividends | 1,403 | 1,533 | 1,636 | 1,134 | 455 | 1,726 | (5,394) | (2,079) | 4,436 | ||
Services income | 170,703 | 185,269 | 167,565 | 38,307 | 37,076 | 38,832 | 35,829 | 150,044 | 31,679 | ||
Total Segment Revenues : | 172,169 | 187,216 | 169,889 | 39,557 | 37,645 | 40,721 | 30,601 | 148,524 | 36,165 | ||
Interest expense | 1,711 | 2,805 | 2,046 | 327 | 221 | 299 | 289 | 1,136 | 477 | ||
Services expense | 44,488 | 47,295 | 41,694 | 9,158 | 8,850 | 8,874 | 8,742 | 35,624 | 8,450 | ||
Selling, general and administrative expenses *1 | 85,726 | 91,482 | 87,845 | 20,387 | 19,897 | 21,228 | 19,871 | 81,383 | 16,996 | ||
Provision for doubtful receivables and probable loan losses, | |||||||||||
provision for credit losses, and write-downs of long-lived | 43 | 17 | (93) | 8 | (25) | - | - | (17) | - | ||
assets and securities *2 | |||||||||||
Other | 2,206 | 1,126 | 2,380 | 1,024 | 457 | 1,840 | (3,383) | (62) | 2,767 | ||
Total Segment Expenses : | 134,174 | 142,725 | 133,872 | 30,904 | 29,400 | 32,241 | 25,519 | 118,064 | 28,690 | ||
Segment Operating Income | 37,995 | 44,491 | 36,017 | 8,653 | 8,245 | 8,480 | 5,082 | 30,460 | 7,475 | ||
Equity in Net Income (Loss) of Affiliates and others | (1,815) | 387 | (388) | (90) | (120) | (56) | 13,584 | 13,318 | (737) | ||
Segment Profits | 36,180 | 44,878 | 35,629 | 8,563 | 8,125 | 8,424 | 18,666 | 43,778 | 6,738 |
*1 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.
*2 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.
- 20 -
(Unaudited)
ORIX Europe (2)
(Millions of yen) | |||||||||
Segment Assets | 2017.3 | 2018.3 | 2019.3 | 2019.6 | 2019.9 | 2019.12 | 2020.3 | 2020.6 | |
Investment in Securities | 20,863 | 35,532 | 43,661 | 42,498 | 41,399 | 45,062 | 38,057 | 44,519 | |
Investment in Affiliates | 1,273 | 1,453 | 1,636 | 1,694 | 1,560 | 1,549 | 1,495 | 1,479 | |
Goodwill, Intangible Assets Acquired in Business Combinations | 295,209 | 316,843 | 297,783 | 291,705 | 279,973 | 289,567 | 278,295 | 280,742 | |
Total Segment Assets | 317,345 | 353,828 | 343,080 | 335,897 | 322,932 | 336,178 | 317,847 | 326,740 | |
(Billions of euro) | |||||||||
Asset Management Business | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 |
End of Period AUM | 290.5 | 288.7 | 294.5 | 298.4 | 313.8 | 287.4 | 232.8 | 232.8 | 255.2 |
Net New Money | (13.1) | (2.1) | (15.8) | (1.3) | 1.9 | (0.4) | (5.1) | (4.9) | (4.4) |
NNM as % of BoP AUM | (5.0)% | 0.7% | (5.5)% | (0.4)% | 0.6% | (0.1)% | (1.7)% | (1.6)% | (1.9)% |
Institutional AUM | 140.6 | 147.1 | 160.7 | 165.9 | 173.7 | 143.7 | 118.2 | 118.2 | 125.6 |
Retail AUM | 150.0 | 141.6 | 133.8 | 132.5 | 140.1 | 143.7 | 114.6 | 114.6 | 129.6 |
- 21 -
(Unaudited) | ||||||||||||
Asia and Australia (1) | ||||||||||||
(Millions of yen) | ||||||||||||
Segment Income Statement Data | 2016.4-2017.3 | 2017.4-2018.3 | 2018.4-2019.3 | 2019.4-6 | 2019.7-9 | 2019.10-12 | 2020.1-3 | 2019.4-2020.3 | 2020.4-6 | |||
Finance revenues *1 | 36,971 | 41,551 | 42,871 | 10,925 | 10,583 | 11,299 | 10,887 | 43,694 | 9,838 | |||
Gains on investment securities and dividends | 1,977 | 3,752 | (1,216) | 8,415 | (125) | 581 | 100 | 8,971 | (469) | |||
Operating leases *1 | 59,075 | 67,198 | 67,080 | 16,955 | 16,356 | 16,647 | 16,364 | 66,322 | 15,738 | |||
Services income | 14,947 | 17,712 | 19,244 | 4,902 | 4,607 | 4,755 | 4,059 | 18,323 | 3,167 | |||
Other | 3,497 | 149 | 122 | 6 | 128 | 303 | 50 | 487 | 53 | |||
Total Segment Revenues : | 116,467 | 130,362 | 128,101 | 41,203 | 31,549 | 33,585 | 31,460 | 137,797 | 28,327 | |||
Interest expense | 19,139 | 22,414 | 24,007 | 5,964 | 5,878 | 5,811 | 5,676 | 23,329 | 5,084 | |||
Costs of operating leases *1 | 41,933 | 47,868 | 48,513 | 12,434 | 12,273 | 12,488 | 12,334 | 49,529 | 12,043 | |||
Services expense | 11,067 | 13,199 | 14,620 | 3,471 | 3,358 | 3,494 | 2,759 | 13,082 | 2,067 | |||
Selling, general and administrative expenses *2 | 25,092 | 27,831 | 26,240 | 6,782 | 6,825 | 7,038 | 6,367 | 27,012 | 6,711 | |||
Provision for doubtful receivables and probable loan losses, | ||||||||||||
provision for credit losses, and write-downs of long-lived | 9,146 | 3,363 | 4,913 | 1,029 | 667 | 927 | 12,695 | 15,318 | 1,981 | |||
assets and securities *3 | ||||||||||||
Other | *1 | 1,680 | 995 | 698 | 178 | 327 | 389 | 1,092 | 1,986 | 192 | ||
Total Segment Expenses : | 108,057 | 115,670 | 118,991 | 29,858 | 29,328 | 30,147 | 40,923 | 130,256 | 28,078 | |||
Segment Operating Income | 8,410 | 14,692 | 9,110 | 11,345 | 2,221 | 3,438 | (9,463) | 7,541 | 249 | |||
Equity in Net Income (Loss) of Affiliates and others | 14,851 | (10,527) | (1,589) | 2,689 | 2,932 | 3,451 | (1,940) | 7,132 | 7,141 | |||
Segment Profits | 23,261 | 4,165 | 7,521 | 14,034 | 5,153 | 6,889 | (11,403) | 14,673 | 7,390 |
*1 Accounting Standards Update 2018-20("Narrow-Scope Improvements for Lessors"―ASC 842 ("Leases")) has been adopted since the fourth quarter of fiscal 2020, and presentation of income statement regarding the certain lessor costs of finance lease and operating lease, such as the property taxes has been changed.
The presented amounts since the first quarter of fiscal 2020 have been retrospectively reclassified for the adoption.
*2 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.
*3 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.
- 22 -
(Unaudited) | ||||||||||
Asia and Australia (2) | ||||||||||
(Millions of yen) | ||||||||||
Segment Assets | 2017.3 | 2018.3 | 2019.3 | 2019.6 | 2019.9 | 2019.12 | 2020.3 | 2020.6 | ||
Net Investment in Leases * | 357,154 | 368,215 | 360,761 | 349,302 | 346,899 | 365,703 | 330,346 | 326,587 | ||
Installment Loans | 138,693 | 171,361 | 186,715 | 212,703 | 209,863 | 221,030 | 222,465 | 229,691 | ||
Investment in Operating Leases * | 163,530 | 189,999 | 200,114 | 199,636 | 197,302 | 209,637 | 195,660 | 205,803 | ||
Investment in Securities | 53,202 | 42,852 | 36,252 | 31,842 | 31,429 | 30,502 | 29,248 | 27,276 | ||
Property under Facility Operations * | 3,913 | 3,621 | 3,609 | 3,495 | 3,387 | 2,667 | 2,600 | 1,963 | ||
Inventories | 112 | 205 | 116 | 327 | 362 | 403 | 242 | 267 | ||
Advances for Finance Lease and Operating Lease | 849 | 925 | 2,794 | 1,099 | 954 | 2,216 | 1,742 | 2,020 | ||
Investment in Affiliates | 235,604 | 219,175 | 199,400 | 195,357 | 193,995 | 213,272 | 221,853 | 208,259 | ||
Advances for Property under Facility Operations | 39 | - | - | - | - | - | - | - | ||
Goodwill, Intangible Assets Acquired in Business Combinations | 7,586 | 7,209 | 6,913 | 6,689 | 6,525 | 6,570 | 6,112 | 6,127 | ||
Total Segment Assets | 960,682 | 1,003,562 | 996,674 | 1,000,450 | 990,716 | 1,052,000 | 1,010,268 | 1,007,993 |
- Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.
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ORIX Corporation published this content on 18 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2020 07:12:12 UTC