Securitization of Financial Assets and Consolidation Management Using VIEs and SPEs
First written in FY2018-Q2. 18 of 30 entries say "Advanced", first in FY2018. Latest entry: FY2026-H1.
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- FY2026-H1AdvancedAnnual report
「In the previous interim consolidated period and the current interim consolidated period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥295,259 million and ¥423,380 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current interim consolidated periods were recorded as financial income in the consolidated income statement in the amounts of ¥7,678 million and ¥9,602 million, respectively.」
For securitizations and receivables transfers using SPEs and VIEs, the amount derecognized increased from ¥295,259 million to ¥423,380 million, while gains and losses on transfers increased from ¥7,678 million to ¥9,602 million. - FY2025Decline in securitizations and receivables transfers continuedAnnual report
「In the previous consolidated fiscal year and the current consolidated fiscal year, operating loans derecognized through new securitizations and receivables transfers amounted to ¥795,328 million and ¥782,613 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current consolidated fiscal years were recorded as financial income in the consolidated income statement in the amounts of ¥14,622 million and ¥17,057 million, respectively.」
Securitizations and receivables transfers using SPEs and VIEs continued, but the amount derecognized decreased from ¥795,328 million to ¥782,613 million. Meanwhile, gains and losses on transfers increased from ¥14,622 million to ¥17,057 million. - FY2025-H1Decline in securitizations and receivables transfers continuedAnnual report
「In the previous interim consolidated period and the current interim consolidated period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥471,119 million and ¥295,259 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current interim consolidated periods were recorded as financial income in the consolidated income statement in the amounts of ¥9,215 million and ¥7,678 million, respectively.」
Securitizations and receivables transfers using SPEs and VIEs continued, but the amount derecognized decreased from ¥471,119 million to ¥295,259 million, while gains and losses on transfers decreased from ¥9,215 million to ¥7,678 million. - FY2024Decline in securitizations and receivables transfers continuedAnnual report
「In the previous consolidated fiscal year and the current consolidated fiscal year, operating loans derecognized through new securitizations and receivables transfers amounted to ¥905,218 million and ¥795,328 million, respectively.」
Securitizations and receivables transfers using SPEs and VIEs continued, but the amount derecognized decreased from ¥905,218 million to ¥795,328 million, while gains and losses on transfers decreased from ¥18,462 million to ¥14,622 million. - FY2024-Q3Decline in securitizations and receivables transfers continuedAnnual report
「In the previous third-quarter cumulative period and the current third-quarter cumulative period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥733,032 million and ¥636,424 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current third-quarter cumulative periods were recorded as financial income in the consolidated income statement in the amounts of ¥15,058 million and ¥11,701 million, respectively.」
Securitizations and receivables transfers using SPEs and VIEs continued, but the amount derecognized decreased from ¥733,032 million in the same period of the previous year to ¥636,424 million, while gains and losses on transfers decreased from ¥15,058 million to ¥11,701 million. - FY2024-Q2Decline in securitizations and receivables transfers continuedAnnual report
「In the previous second-quarter cumulative period and the current second-quarter cumulative period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥512,156 million and ¥471,119 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current second-quarter cumulative periods were recorded as financial income in the consolidated income statement in the amounts of ¥11,156 million and ¥9,215 million, respectively.」
Securitizations and receivables transfers using SPEs and VIEs continued, but the amount derecognized decreased from ¥512,156 million in the same period of the previous year to ¥471,119 million, while gains and losses on transfers decreased from ¥11,156 million to ¥9,215 million. - FY2024-Q1Decline in securitizations and receivables transfers continuedAnnual report
「In the previous first-quarter cumulative period and the current first-quarter cumulative period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥226,396 million and ¥214,366 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current first-quarter cumulative periods were recorded as financial income in the consolidated income statement in the amounts of ¥5,412 million and ¥4,602 million, respectively.」
Securitizations and receivables transfers using SPEs and VIEs continued, but the amount derecognized decreased from ¥226,396 million in the same period of the previous year to ¥214,366 million, while gains and losses on transfers decreased from ¥5,412 million to ¥4,602 million. - FY2023Decline in securitizations and receivables transfers continuedAnnual report
「In the previous consolidated fiscal year and the current consolidated fiscal year, operating loans derecognized through new securitizations and receivables transfers amounted to ¥1,317,496 million and ¥905,218 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current consolidated fiscal years were recorded as financial income in the consolidated income statement in the amounts of ¥34,301 million and ¥18,462 million, respectively.」
Securitizations and receivables transfers using SPEs and VIEs continued, but both the amount derecognized and gains and losses on transfers decreased from the previous fiscal year. - FY2023-Q3Decline in securitizations and receivables transfers continuedAnnual report
「In the previous third-quarter cumulative period and the current third-quarter cumulative period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥1,023,249 million and ¥733,032 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current third-quarter cumulative periods were recorded as financial income in the consolidated income statement in the amounts of ¥28,481 million and ¥15,058 million, respectively.」
Securitizations and receivables transfers using SPEs and VIEs continued, but the amount derecognized decreased from ¥1,023,249 million in the same period of the previous year to ¥733,032 million, while gains and losses on transfers decreased from ¥28,481 million to ¥15,058 million. - FY2023-Q2Decline in securitizations and receivables transfers continuedAnnual report
「In the previous second-quarter cumulative period and the current second-quarter cumulative period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥608,122 million and ¥512,156 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current second-quarter cumulative periods were recorded as financial income in the consolidated income statement in the amounts of ¥18,637 million and ¥11,156 million, respectively.」
Securitizations and receivables transfers using SPEs and VIEs continued, but the amount derecognized decreased from ¥608,122 million in the same period of the previous year to ¥512,156 million, while gains and losses on transfers decreased from ¥18,637 million to ¥11,156 million. - FY2023-Q1Decline in securitizations and receivables transfersAnnual report
「In the previous first-quarter cumulative period and the current first-quarter cumulative period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥291,841 million and ¥226,396 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current first-quarter cumulative periods were recorded as financial income in the consolidated income statement in the amounts of ¥9,052 million and ¥5,412 million, respectively.」
Securitizations and receivables transfers using SPEs and VIEs continued, but the amount derecognized decreased from ¥291,841 million in the same period of the previous year to ¥226,396 million, while gains and losses on transfers decreased from ¥9,052 million to ¥5,412 million. - FY2022AdvancedAnnual report
「In the previous consolidated fiscal year and the current consolidated fiscal year, operating loans derecognized through new securitizations and receivables transfers amounted to ¥1,306,495 million and ¥1,317,496 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current consolidated fiscal years were recorded as financial income in the consolidated income statement in the amounts of ¥36,624 million and ¥34,301 million, respectively.」
Securitizations and receivables transfers using SPEs and VIEs continued, with the amount derecognized in the current period reaching ¥1,317,496 million and gains and losses on transfers reaching ¥34,301 million. - FY2022-Q3AdvancedAnnual report
「In the previous third-quarter cumulative period and the current third-quarter cumulative period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥968,819 million and ¥1,023,249 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current third-quarter cumulative periods were recorded as financial income in the consolidated income statement in the amounts of ¥25,271 million and ¥28,481 million, respectively.」
For securitizations and receivables transfers using SPEs and VIEs, the amount derecognized increased from ¥968,819 million to ¥1,023,249 million, while gains and losses on transfers increased from ¥25,271 million to ¥28,481 million. - FY2022-Q2AdvancedAnnual report
「In the previous second-quarter cumulative period and the current second-quarter cumulative period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥552,905 million and ¥608,122 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current second-quarter cumulative periods were recorded as financial income in the consolidated income statement in the amounts of ¥16,045 million and ¥18,637 million, respectively.」
For securitizations and receivables transfers using SPEs and VIEs, the amount derecognized increased from ¥552,905 million to ¥608,122 million, while gains and losses on transfers increased from ¥16,045 million to ¥18,637 million. - FY2022-Q1AdvancedAnnual report
「In the previous first-quarter cumulative period and the current first-quarter cumulative period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥270,142 million and ¥291,841 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current first-quarter cumulative periods were recorded as financial income in the consolidated income statement in the amounts of ¥6,802 million and ¥9,052 million, respectively.」
The amount derecognized through securitizations and receivables transfers increased from ¥270,142 million in the same period of the previous year to ¥291,841 million, while gains and losses on transfers increased from ¥6,802 million to ¥9,052 million. - FY2021AdvancedAnnual report
「In the previous consolidated fiscal year and the current consolidated fiscal year, operating loans derecognized through new securitizations and receivables transfers amounted to ¥643,422 million and ¥1,306,495 million, respectively.」
The amount derecognized through securitizations and receivables transfers using SPEs and VIEs increased from ¥643,422 million to ¥1,306,495 million, while gains and losses on transfers increased from ¥20,635 million to ¥36,624 million. - FY2021-Q3AdvancedAnnual report
「In the previous third-quarter cumulative period and the current third-quarter cumulative period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥431,379 million and ¥968,819 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current third-quarter cumulative periods were recorded as financial income in the consolidated income statement in the amounts of ¥13,378 million and ¥25,271 million, respectively.」
For securitizations and receivables transfers using SPEs and VIEs, the amount derecognized increased from ¥431,379 million to ¥968,819 million, while gains and losses on transfers increased from ¥13,378 million to ¥25,271 million. - FY2021-Q2AdvancedAnnual report
「In the previous second-quarter cumulative period and the current second-quarter cumulative period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥276,489 million and ¥552,905 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current second-quarter cumulative periods were recorded as financial income in the consolidated income statement in the amounts of ¥9,703 million and ¥16,045 million, respectively.」
The amount derecognized through securitizations and receivables transfers increased from ¥276,489 million in the same period of the previous year to ¥552,905 million, while gains and losses on transfers increased from ¥9,703 million to ¥16,045 million. The balance of servicing assets also amounted to ¥5,770 million. - FY2021-Q1AdvancedAnnual report
「In the previous first-quarter cumulative period and the current first-quarter cumulative period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥133,048 million and ¥270,142 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current first-quarter cumulative periods were recorded as financial income in the consolidated income statement in the amounts of ¥4,075 million and ¥6,802 million, respectively.」
For securitizations and receivables transfers using SPEs and VIEs, the amount derecognized increased from ¥133,048 million to ¥270,142 million, while gains and losses on transfers increased from ¥4,075 million to ¥6,802 million. - FY2020AdvancedAnnual report
「In the previous consolidated fiscal year and the current consolidated fiscal year, operating loans derecognized through new securitizations and receivables transfers amounted to ¥475,904 million and ¥643,422 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current consolidated fiscal years were recorded as financial income in the consolidated income statement in the amounts of ¥16,342 million and ¥20,635 million, respectively.」
For securitizations and receivables transfers using SPEs and VIEs, the amount derecognized increased from ¥475,904 million to ¥643,422 million, while gains and losses on transfers increased from ¥16,342 million to ¥20,635 million. - FY2020-Q3AdvancedAnnual report
「In the previous third-quarter cumulative period and the current third-quarter cumulative period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥370,946 million and ¥431,379 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current third-quarter cumulative periods were recorded as financial income in the consolidated income statement in the amounts of ¥12,122 million and ¥13,378 million, respectively.」
The amount derecognized through securitizations and receivables transfers increased from ¥370,946 million in the same period of the previous year to ¥431,379 million, while gains and losses on transfers increased from ¥12,122 million to ¥13,378 million. - FY2020-Q2AdvancedAnnual report
「In the previous second-quarter cumulative period and the current second-quarter cumulative period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥218,636 million and ¥276,489 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current second-quarter cumulative periods were recorded as financial income in the consolidated income statement in the amounts of ¥8,012 million and ¥9,703 million, respectively.」
The amount derecognized through securitizations and receivables transfers increased year on year, while gains and losses on transfers increased from ¥8,012 million to ¥9,703 million. - FY2020-Q1AdvancedAnnual report
「In the previous first-quarter cumulative period and the current first-quarter cumulative period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥79,801 million and ¥133,048 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current first-quarter cumulative periods were recorded as financial income in the consolidated income statement in the amounts of ¥2,814 million and ¥4,075 million, respectively.」
The amount derecognized through securitizations and receivables transfers increased from ¥79,801 million to ¥133,048 million, while gains and losses on transfers increased from ¥2,814 million to ¥4,075 million. - FY2019AdvancedAnnual report
「In the previous consolidated fiscal year and the current consolidated fiscal year, operating loans derecognized through new securitizations and receivables transfers amounted to ¥394,688 million and ¥475,904 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current consolidated fiscal years were recorded as financial income in the consolidated income statement in the amounts of ¥12,702 million and ¥16,342 million, respectively.」
The amount derecognized and gains and losses on transfers increased in securitizations and receivables transfers using SPEs and VIEs. - FY2019-Q3AdvancedAnnual report
「In the previous third-quarter cumulative period and the current third-quarter cumulative period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥306,529 million and ¥370,946 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current third-quarter cumulative periods were recorded as financial income in the consolidated income statement in the amounts of ¥10,326 million and ¥12,122 million, respectively.」
The amount derecognized through securitizations and receivables transfers increased from ¥306,529 million in the same period of the previous year to ¥370,946 million, while gains and losses on transfers increased from ¥10,326 million to ¥12,122 million. Total assets of consolidated VIEs also increased from ¥689,170 million to ¥843,166 million. - FY2019-Q2AdvancedAnnual report
「In the previous second-quarter cumulative period and the current second-quarter cumulative period, operating loans derecognized through new securitizations and receivables transfers amounted to ¥175,170 million and ¥218,636 million, respectively. Gains and losses on the transfers through these securitizations and receivables transfers in the previous and current second-quarter cumulative periods were recorded as financial income in the consolidated income statement in the amounts of ¥5,009 million and ¥8,012 million, respectively.」
The amount derecognized through securitizations and receivables transfers increased from ¥175,170 million in the same period of the previous year to ¥218,636 million, while gains and losses on transfers increased from ¥5,009 million to ¥8,012 million. - FY2019-Q1AdvancedAnnual report
「Commercial loans derecognized through new securitizations and transfers of receivables were ¥89,831 million and ¥79,801 million in the previous first-quarter cumulative period and the current first-quarter cumulative period, respectively. Gains and losses on those securitizations and transfers were ¥2,033 million and ¥2,814 million, respectively, and were recorded as financial income in the consolidated statements of income.」
Amounts derecognized through securitizations and transfers of receivables decreased from ¥89,831 million in the same period of the previous year to ¥79,801 million, while gains and losses on transfers increased from ¥2,033 million to ¥2,814 million. The company continues to disclose its management of securitizations using SPEs and VIEs and its continuing involvement. - FY2018AdvancedAnnual report
「Commercial loans derecognized through new securitizations and transfers of receivables were ¥280,350 million and ¥394,688 million in the previous consolidated fiscal year and the current consolidated fiscal year, respectively. Gains and losses on those securitizations and transfers in the current consolidated fiscal year amounted to ¥12,702 million and were recorded as financial income in the consolidated statement of income.」
Amounts derecognized through securitizations and transfers of receivables increased from ¥280,350 million to ¥394,688 million, and gains and losses on transfers of ¥12,702 million were recorded in the current period. - FY2018-Q3RestatedAnnual report
「There were no securitization transactions accounted for as sales during the previous third-quarter cumulative period or the current third-quarter cumulative period.」
The company continues to disclose the securitization of lease receivables and commercial loans, transfers to SPEs, continued retention of subordinated interests, and management of VIE consolidation. - FY2018-Q2First statedAnnual report
「The company and its subsidiaries securitize financial assets such as lease receivables and commercial loans, including commercial real estate-backed loans and residential real estate-backed loans.」
The company provides detailed disclosures on securitizations involving the transfer of financial assets to SPEs and the issuance of trust beneficiary interests and securities, continued retention of subordinated interests, servicing activities, and the determination and consolidation of VIEs’ primary beneficiaries. Total assets of consolidated VIEs were ¥722,416 million, while total assets of unconsolidated VIEs were ¥32,934,907 million.