Aankondiging • May 12
ORIX Corporation (TSE:8591) announces an Equity Buyback for 100,000,000 shares, representing 9.08% for ¥25,000 million. ORIX Corporation (TSE:8591) announces a share repurchase program. Under the program, the company will repurchase 100,000,000 shares, representing 9.08% of the outstanding shares for ¥25,000 million. Repurchased shares will be cancelled if after repurchase company holds more than 2% of the total number of issued shares. The purpose of the program is enhancing capital efficiency and shareholder returns. The program will run until March 31, 2027. As of March 31, 2026, the company had 1,101,621,922 shares outstanding (excluding treasury stock) and 22,484,702 shares in treasury. Aankondiging • May 11
ORIX Corporation, Annual General Meeting, Jun 23, 2026 ORIX Corporation, Annual General Meeting, Jun 23, 2026. Aankondiging • Apr 28
Daiwa Next Bank, Ltd. entered into a share transfer agreement to acquire ORIX Bank Corporation from ORIX Corporation (TSE:8591) for approximately ¥370 billion. Daiwa Next Bank, Ltd. entered into a share transfer agreement to acquire ORIX Bank Corporation from ORIX Corporation (TSE:8591) for approximately ¥370 billion on April 27, 2026. As part of the acquisition, Daiwa Next Bank, Ltd. will acquire all issued shares of ORIX Bank Corporation. The consideration will be paid in cash. The acquisition will promote closer collaboration across business areas as one integrated group in order to realize synergies. Upon completion, ORIX Bank Corporation will operate as a wholly owned subsidiary of Daiwa Next Bank, Ltd.
The transaction is scheduled to be completed by October 2026. Aankondiging • Mar 29
ORIX Corp. Announces Management Changes Effective April 1, 2026 ORIX Corp. announced a series of management changes effective April 1, 2026 . Masataka Yamada promoted to Chief Financial Officer and Chief Strategy Officer Responsible for Corporate Strategy and Management Unit, from Senior Adviser Assistant to CEO. Yoshiteru Suzuki will now take over as Chief Operating Officer, USA & Europe Business Unit remaining in position as Group President and Chief Executive Officer . Shuji Irie will take the position as Chief Operating Officer, Infrastructure Business Unit from previously Senior Managing Executive Officer Responsible for Infrastructure Business Unit . Hidetake Takahashi will step down as President and Chief Executive Officer Responsible for Digital Innovation Unit and Corporate Strategy and Management Unit, but will remain as President and Chief Executive Officer, responsible for Digital Innovation Unit. Satoru Matsuzaki will step down from Deputy President Executive Officer Responsible for Japan & APAC Business Unit and will take over as Deputy President Executive Officer Chief Operating Officer, Japan & APAC Business Unit. Aankondiging • Mar 25
ORIX Corporation to Report Fiscal Year 2026 Results on May 11, 2026 ORIX Corporation announced that they will report fiscal year 2026 results at 3:30 PM, Tokyo Standard Time on May 11, 2026 Aankondiging • Jan 02
ORIX Corporation Appoints Terry Suzuki as Head of New ORIX Group USA & Europe Business Unit ORIX Corporation USA (ORIX USA) announced that President and CEO Terry Suzuki has assumed the role of Senior Managing Executive Officer of ORIX Corporation and is responsible for ORIX Group’s USA & Europe Business Unit, in addition to his current role at ORIX USA. The establishment of the USA & Europe Business Unit is part of ORIX Group’s new organizational structure designed to accelerate progress toward its 2035 long-term vision and financial goals. In this expanded role, Suzuki will play a key role in advancing ORIX Group’s global Asset Management strategy across the U.S. and Europe, working in close alignment with the leaders of ORIX Europe Group companies, including Karin van Baardwijk, CEO of Robeco and Group Executive of ORIX Corporation, to identify cross-regional synergies and drive the continued growth of the asset management platform. Suzuki will also work closely with ORIX U.K. leadership to support their business plans and strategic objectives, including the establishment of a resource-sharing framework to identify new opportunities across the organization. To support the newly established business, Ikuo Nakamura, Executive Officer of ORIX Corporation, has joined the USA & Europe Business Unit, with responsibility for ORIX USA. He will be based in ORIX USA’s New York office and report to Suzuki and serve as a member of the ORIX USA Executive Committee. These changes are part of ORIX Group’s new global structure, which is organized into three business units: Japan & APAC, Infrastructure and USA & Europe. These business units are supported by five global corporate functions: Digital Innovation, Corporate Strategy and Management, HR and Administration, Risk Management and Legal and Compliance. Aankondiging • Dec 25
ORIX Corporation to Report Q3, 2026 Results on Feb 09, 2026 ORIX Corporation announced that they will report Q3, 2026 results at 3:30 PM, Tokyo Standard Time on Feb 09, 2026 Aankondiging • Oct 23
ORIX Corporation (TSE:8591) acquired Fair Field Shipping Co., Ltd. ORIX Corporation (TSE:8591) acquired Fair Field Shipping Co., Ltd. on October 21, 2025. ORIX coordinated for Fair Field Shipping’s ships and employees to be taken over by ORIX’s business partners. Some of the ships were handed over to ORIX Group’s Santoku Senpaku Co., Ltd.
ORIX Corporation (TSE:8591) completed the acquisition of Fair Field Shipping Co., Ltd. on October 21, 2025. Aankondiging • Sep 25
ORIX Corporation to Report First Half, 2026 Results on Nov 12, 2025 ORIX Corporation announced that they will report first half, 2026 results on Nov 12, 2025 Aankondiging • Jun 16
ORIX Corporation (TSE:8591) entered into agreement to acquire Ascentech K.K. (TSE:3565) from group of shareholders for ¥24 billion. ORIX Corporation (TSE:8591) entered into agreement to acquire Ascentech K.K. (TSE:3565) from group of shareholders for ¥24 billion on June 16, 2025. The cash price per share is ¥1,680 per one common share.
The transaction is subject to minimum tender. The expected completion of the transaction is August 4, 2025. SMBC Nikko Securities Inc. act as transfer agent and financial advisor TMI Associates as legal advisor for ORIX Corporation. City-Yuwa Partners act as legal advisor, SBI Securities Co. Ltd. act as financial advisor for Ascentech K.K. SMBC Nikko Securities Inc. act as tender offer agent in the transaction. Aankondiging • May 16
Greenko Founders Reportedly Trim Orix Stake Buy Plan, to Raise $610 Million Greenko Group PLC founders, Anil Chalamalasetty and Mahesh Koll, are scaling down their planned acquisition of a stake held by Japan's ORIX Corporation (TSE:8591), opting to raise $610 million to buy 17.3% of the renewable energy firm's holding company, people familiar with the matter said. Initially, they had aimed to raise $800 million for the full 20% stake held by the Tokyo investor. The deal has been restructured to reduce leverage in the tightening credit markets scenario and is expected to be finalised later this week, the people said, requesting anonymity. The financing could be raised at a cost of around 14% and is being syndicated by Deutsche Bank and Barclays. Investors in the two-year facility could be large funds, including Clifford Capital, BlackRock and other private credit funds."Greenko promoters have sent a revised deal to Orix and it should close in the next two weeks," said a source. "The promoters decided to scale down the fundraise as the cost of borrowing has gone up from 12% to 14% between March and May due to global uncertainties." An Orix spokesperson said as stated on April 25, it has decided to cancel the planned sale of its stake in Greenko to AM Green. "At this time, we are unable to provide any further information beyond what has already been disclosed," said an Orix spokesperson. Spokespersons of Greenko did not respond while Barclays and Deutsche Bank did not respond to requests for comment. The revised plan follows the collapse of an earlier share transfer agreement announced on April 25, between Orix and AM Green Power BV, a Greenko founder-owned entity, after the deal failed to meet financing-related conditions precedent. Although the competition regulator cleared the transaction on March 11, funding agreements with lenders could not be finalised by the extended April 15 deadline, forcing Orix to terminate the agreement. In a statement dated April 25, Orix confirmed it had scrapped the deal originally announced in January, citing failure to meet key conditions. In January, Orix had announced plans to reinvest through a convertible note issued by AM Green Luxembourg, the parent of AM Green Power. That investment, too, is on hold. Greenko's founders had initially engaged with private credit funds, including Temasekbacked Clifford Capital and BlackRock to raise $800 million for the full 20% stake. While that plan did not materialise, several of the same investors are expected to join the latest round. Aankondiging • May 13
ORIX Corporation (TSE:8591) announces an Equity Buyback for 40,000,000 shares, representing 3.52% for ¥100,000 million. ORIX Corporation (TSE:8591) announces a share repurchase program. Under the program, the company will repurchase 40,000,000 shares, representing 3.52% of the outstanding shares for ¥100,000 million. The purpose of the program is to improve capital efficiency and return profits to shareholders. The program will run until March 31, 2026. As of March 31, 2025, the company had 1,136,289,549 shares outstanding (excluding treasury stock) and 23,259,695 shares in treasury. Aankondiging • Apr 24
ORIX Corporation (TSE:8591) agreed to acquire Luluarq Inc. ORIX Corporation (TSE:8591) agreed to acquire Luluarq Inc. on April 24, 2025. Aankondiging • Mar 31
Orix Corporation Announces Management Changes ORIX Corporation announced that Satoru Matsuzaki, who previously served as the Deputy President Executive Officer and Chairperson of ORIX Auto Corporation and ORIX Rentec Corporation, has now taken on additional responsibilities as a Member of the Board of Directors, overseeing the Group Strategy Business Unit and being responsible for Asia and Australia, while continuing to lead the Corporate Business Headquarters. Toyonori Takahashi remains in his role as Executive Officer and Group Kansai Representative, but now also oversees the Real Estate Sales Department and holds the position of Senior Managing Executive Officer at ORIX Real Estate Corporation, in addition to being the Representative Director of Osaka IR KK. Nobuki Watanabe has expanded his role, now solely focused on the Group Strategy Business Unit, where he leads the CEO’s Office and New Business initiatives, removing his previous involvement in the Osaka IR Project Office. Lastly, Satoshi Matsui continues his work as an Executive Officer and Senior Managing Executive Officer at ORIX Real Estate Corporation, but now also takes on the responsibility of Special Assignments and is more directly responsible for the Osaka IR Project Office and Real Estate Sales Department. Aankondiging • Mar 25
ORIX Corporation to Report Fiscal Year 2025 Results on May 12, 2025 ORIX Corporation announced that they will report fiscal year 2025 results at 3:30 PM, Tokyo Standard Time on May 12, 2025 Aankondiging • Feb 27
Fuyo General Lease Co., Ltd. (TSE:8424) and Development Bank of Japan Inc. execute a share transfer agreement to acquire Wakopallet CO., Ltd. from ORIX Corporation (TSE:8591). Fuyo General Lease Co., Ltd. (TSE:8424) and Development Bank of Japan Inc. execute a share transfer agreement to acquire Wakopallet CO., Ltd. from ORIX Corporation (TSE:8591) on February 26, 2025. Aankondiging • Jan 20
AM Green Power B.V. entered into a share transfer agreement to acquire 20% stake in Greenko Energy Holdings from ORIX Corporation (TSE:8591) for $1.5 billion. AM Green Power B.V. entered into a share transfer agreement to acquire 20% stake in Greenko Energy Holdings from ORIX Corporation (TSE:8591) for $1.5 billion on January 17, 2025. The expected completion of the transaction is March 31, 2025. Aankondiging • Dec 25
ORIX Corporation to Report Q3, 2025 Results on Feb 10, 2025 ORIX Corporation announced that they will report Q3, 2025 results at 3:00 PM, Tokyo Standard Time on Feb 10, 2025 Aankondiging • Dec 11
ORIX Corporation (TSE:8591) agreed to acquire remaining 50% stake in Orix Leasing Singapore Limited ORIX Corporation (TSE:8591) agreed to acquire remaining 50% stake in Orix Leasing Singapore Limited on December 10, 2024. Upon completion, ORIX Corporation will own 100% stake in Orix Leasing Singapore Limited.
The expected completion of the transaction is in January, 2025. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥84.05 (vs JP¥56.05 in 2Q 2024) Second quarter 2025 results: EPS: JP¥84.05 (up from JP¥56.05 in 2Q 2024). Revenue: JP¥695.5b (up 1.9% from 2Q 2024). Net income: JP¥96.2b (up 48% from 2Q 2024). Profit margin: 14% (up from 9.5% in 2Q 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Sep 25
ORIX Corporation to Report First Half, 2025 Results on Nov 08, 2024 ORIX Corporation announced that they will report first half, 2025 results on Nov 08, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥49.30 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.5%). Aankondiging • Sep 13
E J Holdings Inc. (TSE:2153) entered into an agreement to acquire Tokyo Soil Research Co., Ltd. from ORIX Corporation (TSE:8591) for ¥7.6 billion. E J Holdings Inc. (TSE:2153) entered into an agreement to acquire Tokyo Soil Research Co., Ltd. from ORIX Corporation (TSE:8591) for ¥7.6 billion on September 13, 2024. E J Holdings will acquire 0.262 million shares at ¥29,000 per share. For the period ending December 31, 2023, Tokyo Soil Research Co., Ltd. reported total revenue of ¥5.83 billion, EBIT of ¥504 million, net income of ¥394 million, total assets of ¥4.89 billion and total common equity of ¥4.08 billion. The expected completion of the transaction is September 30, 2024. Reported Earnings • Aug 06
First quarter 2025 earnings released: EPS: JP¥75.40 (vs JP¥53.87 in 1Q 2024) First quarter 2025 results: EPS: JP¥75.40 (up from JP¥53.87 in 1Q 2024). Revenue: JP¥708.1b (up 4.6% from 1Q 2024). Net income: JP¥86.7b (up 38% from 1Q 2024). Profit margin: 12% (up from 9.3% in 1Q 2024). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €17.90, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Diversified Financial industry in Germany. Total returns to shareholders of 31% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥49.30 announced Shareholders will receive a dividend of JP¥49.30. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 239%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not covered by cash flows (266% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jul 05
ORIX Corporation (TSE:8591) acquired Sansha, Co., Ltd. ORIX Corporation (TSE:8591) acquired Sansha, Co., Ltd. on July 4, 2024. ORIX Corporation (TSE:8591) completed the acquisition of Sansha, Co., Ltd. on July 4, 2024. Reported Earnings • Jun 30
Full year 2024 earnings released: EPS: JP¥299 (vs JP¥246 in FY 2023) Full year 2024 results: EPS: JP¥299 (up from JP¥246 in FY 2023). Revenue: JP¥2.81t (up 5.7% from FY 2023). Net income: JP¥346.1b (up 19% from FY 2023). Profit margin: 12% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Aankondiging • Jun 28
ORIX Corporation Appoints Hidetake Takahashi as A Member of the Board of Directors ORIX Corporation announced the appointment of Hidetake Takahashi as a Member of the Board of Directors. Aankondiging • Jun 25
ORIX Corporation to Report Q1, 2025 Results on Aug 05, 2024 ORIX Corporation announced that they will report Q1, 2025 results on Aug 05, 2024 Aankondiging • May 10
ORIX Corporation, Annual General Meeting, Jun 25, 2024 ORIX Corporation, Annual General Meeting, Jun 25, 2024. New Risk • May 09
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Dividend is not well covered by cash flows (278% cash payout ratio). Reported Earnings • May 09
Full year 2024 earnings released: EPS: JP¥299 (vs JP¥231 in FY 2023) Full year 2024 results: EPS: JP¥299 (up from JP¥231 in FY 2023). Revenue: JP¥2.81t (up 5.6% from FY 2023). Net income: JP¥346.1b (up 27% from FY 2023). Profit margin: 12% (up from 10% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year. Aankondiging • Apr 16
MC Healthcare, Inc. acquired FreeIll Co., Ltd. from ORIX Corporation (TSE:8591). MC Healthcare, Inc. acquired FreeIll Co., Ltd. from ORIX Corporation (TSE:8591) on April 15, 2024.MC Healthcare, Inc. completed the acquisition of FreeIll Co., Ltd. from ORIX Corporation (TSE:8591) on April 15, 2024. Aankondiging • Apr 03
Virbac SA (ENXTPA:VIRP) acquired Sasaea Holdings Co., Ltd. from ORIX Corporation (TSE:8591). Virbac SA (ENXTPA:VIRP) entered into a definitive agreement to acquire Sasaea Holdings Co., Ltd. from ORIX Corporation (TSE:8591) for an enterprise value of approximately €280 million on March 6, 2024. The annual revenues of Sasaea Holdings Co., Ltd. were about €75 million. The transaction is expected to close by the beginning of April 2024. Nomura acted as financial advisor to Virbac in this transaction and Hogan Lovells acted as its legal advisor.
Virbac SA (ENXTPA:VIRP) completed the acquisition of Sasaea Holdings Co., Ltd. from ORIX Corporation (TSE:8591) on April 1, 2024. Aankondiging • Mar 25
ORIX Corporation to Report Fiscal Year 2024 Results on May 08, 2024 ORIX Corporation announced that they will report fiscal year 2024 results at 3:00 PM, Tokyo Standard Time on May 08, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥51.20 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.8%). Aankondiging • Mar 08
Virbac SA (ENXTPA:VIRP) entered into a definitive agreement to acquire Sasaea Holdings Co., Ltd. from ORIX Corporation (TSE:8591) for an enterprise value of approximately €280 million. Virbac SA (ENXTPA:VIRP) entered into a definitive agreement to acquire Sasaea Holdings Co., Ltd. from ORIX Corporation (TSE:8591) for an enterprise value of approximately €280 million on March 6, 2024. The annual revenues of Sasaea Holdings Co., Ltd. were about €75 million. The transaction is expected to close by the beginning of April 2024. Nomura acted as financial advisor to Virbac in this transaction and Hogan Lovells acted as its legal advisor. Aankondiging • Mar 06
NTT DOCOMO, INC. agreed to acquire 66% stake in ORIX Credit Corporation from ORIX Corporation (TSE:8591). NTT DOCOMO, INC. agreed to acquire 66% stake in ORIX Credit Corporation from ORIX Corporation (TSE:8591) on March 6, 2024. As per the transaction, NTT DOCOMO, INC. will acquire 5.18 million shares of ORIX Corporation. The transaction is expected to close on March 29, 2024. As of March 31, 2023, ORIX Credit Corporation generated net assets of ¥54.2 billion, total assets of ¥195.8 billion, sales of ¥32.5 billion, operating profit of ¥6.9 billion and net income of ¥5.3 billion. New Risk • Feb 11
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥78.66 (vs JP¥76.31 in 3Q 2023) Third quarter 2024 results: EPS: JP¥78.66 (up from JP¥76.31 in 3Q 2023). Revenue: JP¥678.1b (up 7.6% from 3Q 2023). Net income: JP¥91.1b (up 1.7% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 8% per year. Aankondiging • Dec 25
ORIX Corporation to Report Q3, 2024 Results on Feb 07, 2024 ORIX Corporation announced that they will report Q3, 2024 results on Feb 07, 2024 Aankondiging • Nov 10
Hulic Startup No. 1 Fund, managed by Hulic Startup Co., Ltd. and ORIX Corporation (TSE:8591) acquired unknown minority stake in iXs Co., Ltd. from INCJ, Ltd. Hulic Startup No. 1 Fund, managed by Hulic Startup Co., Ltd. and ORIX Corporation (TSE:8591) acquired unknown minority stake in iXs Co., Ltd. from INCJ, Ltd. in August 2023.Hulic Startup No. 1 Fund, managed by Hulic Startup Co., Ltd. and ORIX Corporation (TSE:8591) completed the acquisition of unknown minority stake in iXs Co., Ltd. from INCJ, Ltd. in August 2023. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥56.06 (vs JP¥50.60 in 2Q 2023) Second quarter 2024 results: EPS: JP¥56.06 (up from JP¥50.60 in 2Q 2023). Revenue: JP¥682.8b (down 3.4% from 2Q 2023). Net income: JP¥65.1b (up 8.7% from 2Q 2023). Profit margin: 9.5% (up from 8.5% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 17% per year. Aankondiging • Sep 26
ORIX Corporation to Report First Half, 2024 Results on Nov 01, 2023 ORIX Corporation announced that they will report first half, 2024 results on Nov 01, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥42.80 per share at 3.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.1%). Reported Earnings • Aug 05
First quarter 2024 earnings released: EPS: JP¥53.80 (vs JP¥51.90 in 1Q 2023) First quarter 2024 results: EPS: JP¥53.80 (up from JP¥51.90 in 1Q 2023). Revenue: JP¥677.0b (up 2.9% from 1Q 2023). Net income: JP¥63.0b (up 1.8% from 1Q 2023). Profit margin: 9.3% (down from 9.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 01
Full year 2023 earnings released: EPS: JP¥231 (vs JP¥259 in FY 2022) Full year 2023 results: EPS: JP¥231 (down from JP¥259 in FY 2022). Revenue: JP¥2.67t (up 5.8% from FY 2022). Net income: JP¥273.1b (down 13% from FY 2022). Profit margin: 10% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jun 23
ORIX Corporation to Report Q1, 2024 Results on Aug 04, 2023 ORIX Corporation announced that they will report Q1, 2024 results at 3:00 PM, Tokyo Standard Time on Aug 04, 2023 Reported Earnings • May 11
Full year 2023 earnings released Full year 2023 results: Revenue: JP¥2.67t (up 5.8% from FY 2022). Net income: JP¥273.1b (down 13% from FY 2022). Profit margin: 10% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year. Board Change • Mar 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Noriyuki Yanagawa was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥42.80 per share at 4.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 03 June 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 07
Third quarter 2023 earnings released: EPS: JP¥76.00 (vs JP¥54.00 in 3Q 2022) Third quarter 2023 results: EPS: JP¥76.00 (up from JP¥54.00 in 3Q 2022). Revenue: JP¥630.0b (flat on 3Q 2022). Net income: JP¥89.6b (up 39% from 3Q 2022). Profit margin: 14% (up from 10% in 3Q 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Aankondiging • Feb 01
ORIX Corporation (TSE:8591) completed the acquisition of 91.1% stake in DHC Corporation from Yoshiaki Yoshida. ORIX Corporation (TSE:8591) signed a share purchase agreement to acquire an unknown majority stake in DHC Corporation from Yoshiaki Yoshida on November 11, 2022. The transaction is expected to close within the financial year ending March, 2023. Tatsuya Nakayama, Yasuo Tsukitome and Tetsushi Konda together with Toshiyuki Nonaka, Taeko Morita, Kaoru Tatsumi, Isamu Imaizumi, Yusuke Urano, Masaru Umeda, Kazumaro Kobayashi, Alisa Inuzuka, Ing-Chian Sun and Azusa Nakashima of Nishimura & Asahi acted as legal advisors to ORIX Corporation (TSE:8591) in this transaction.
ORIX Corporation (TSE:8591) completed the acquisition of 91.1% stake in DHC Corporation from Yoshiaki Yoshida on January 31, 2023. Aankondiging • Dec 23
ORIX Corporation to Report Q3, 2023 Results on Feb 06, 2023 ORIX Corporation announced that they will report Q3, 2023 results at 3:00 PM, Tokyo Standard Time on Feb 06, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥50.60 (vs JP¥67.51 in 2Q 2022) Second quarter 2023 results: EPS: JP¥50.60 (down from JP¥67.51 in 2Q 2022). Revenue: JP¥707.0b (up 12% from 2Q 2022). Net income: JP¥59.9b (down 27% from 2Q 2022). Profit margin: 8.5% (down from 13% in 2Q 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Reported Earnings • Nov 08
Second quarter 2023 earnings released: EPS: JP¥50.61 (vs JP¥67.51 in 2Q 2022) Second quarter 2023 results: EPS: JP¥50.61 (down from JP¥67.51 in 2Q 2022). Revenue: JP¥707.0b (up 12% from 2Q 2022). Net income: JP¥59.9b (down 27% from 2Q 2022). Profit margin: 8.5% (down from 13% in 2Q 2022). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥42.80 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 09 December 2022. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 04
First quarter 2023 earnings released: EPS: JP¥51.90 (vs JP¥53.65 in 1Q 2022) First quarter 2023 results: EPS: JP¥51.90 (down from JP¥53.65 in 1Q 2022). Revenue: JP¥657.8b (up 8.0% from 1Q 2022). Net income: JP¥61.9b (down 5.1% from 1Q 2022). Profit margin: 9.4% (down from 11% in 1Q 2022). Over the next year, revenue is forecast to grow 3.2%, compared to a 8.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Board Change • Jul 31
High number of new directors Independent Outside Director Kenneth Hodo was the last director to join the board, commencing their role in 2021. Reported Earnings • Jul 02
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥2.52t (up 9.9% from FY 2021). Net income: JP¥312.1b (up 62% from FY 2021). Profit margin: 12% (up from 8.4% in FY 2021). Over the next year, revenue is forecast to grow 2.2%, compared to a 8.5% growth forecast for the industry in Germany. Reported Earnings • May 12
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥2.52t (up 9.9% from FY 2021). Net income: JP¥312.1b (up 62% from FY 2021). Profit margin: 12% (up from 8.4% in FY 2021). Over the next year, revenue is forecast to grow 4.3%, compared to a 8.6% growth forecast for the industry in Germany. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Hiroshi Watanabe was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥39.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 07 June 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 08
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥54.01 (up from JP¥39.00 in 3Q 2021). Revenue: JP¥626.6b (up 7.9% from 3Q 2021). Net income: JP¥64.7b (up 34% from 3Q 2021). Profit margin: 10% (up from 8.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 2.9%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Nov 05
Second quarter 2022 earnings released: EPS JP¥67.52 (vs JP¥35.15 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥632.7b (up 16% from 2Q 2021). Net income: JP¥81.5b (up 86% from 2Q 2021). Profit margin: 13% (up from 8.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥39.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 09 December 2021. Trailing yield: 3.7%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.2%). Reported Earnings • Aug 14
First quarter 2022 earnings released: EPS JP¥53.65 (vs JP¥40.08 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥608.8b (up 13% from 1Q 2021). Net income: JP¥65.2b (up 30% from 1Q 2021). Profit margin: 11% (up from 9.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Jul 01
Full year 2021 earnings released The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥2.29t (flat on FY 2020). Net income: JP¥192.4b (down 36% from FY 2020). Profit margin: 8.4% (down from 13% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥156 (vs JP¥237 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥2.29t (flat on FY 2020). Net income: JP¥192.4b (down 36% from FY 2020). Profit margin: 8.4% (down from 13% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. 
