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ORIX CorporationNYSE:IX Stock Report

Market Cap US$43.7b
Share Price
n/a
1Y78.2%
7D3.2%
1D0.9%
Portfolio Value
​
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ORIX Corporation

NYSE:IX Stock Report

Market Cap: US$43.7b

ORIX (IX) Stock Overview

Provides financial services in Japan, the United States, and internationally. More details

IX fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance5/6
Financial Health4/6
Dividends3/6

Rewards

Trading at 26.8% below our estimate of its fair value

Earnings are forecast to grow 4.87% per year

Earnings grew by 27.2% over the past year

Risk Analysis

Has a high level of debt

Dividend of 2.9% is not well covered by free cash flows


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ORIX Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for ORIX
Historical stock prices
Current Share PriceJP¥40.30
52 Week HighJP¥40.63
52 Week LowJP¥22.10
Beta0.72
1 Month Change4.22%
3 Month Change29.83%
1 Year Change78.16%
3 Year Change118.12%
5 Year Change134.93%
Change since IPO638.32%

Recent News & Updates

Seeking Alpha • May 15

ORIX: Eyes On Above-Expectations Earnings And Strong Guidance

Summary My "Buy" rating for ORIX Corporation is left unchanged after assessing its favorable performance and prospects. ORIX's earnings growth accelerated from +1.6% in FY2025 to +27.2% for FY2026. The recent full-year net income of ¥447 billion also represented a 2% beat against management guidance. The company is guiding for a 1.3 ppts ROE expansion and a high-teens net profit increase in FY27. The positive outlook is supported by asset disposals and cash distributions. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • May 15

ORIX: Eyes On Above-Expectations Earnings And Strong Guidance

Summary My "Buy" rating for ORIX Corporation is left unchanged after assessing its favorable performance and prospects. ORIX's earnings growth accelerated from +1.6% in FY2025 to +27.2% for FY2026. The recent full-year net income of ¥447 billion also represented a 2% beat against management guidance. The company is guiding for a 1.3 ppts ROE expansion and a high-teens net profit increase in FY27. The positive outlook is supported by asset disposals and cash distributions. Read the full article on Seeking Alpha
Seeking Alpha • Feb 13

ORIX Corporation: First-mover in Japan casinos with MGM will be a game changer for the stock

Summary Orix's first-mover strategy as the only casino in Japan will let it enjoy a monopoly. The stock at ~$100 does not yet reflect accretion of value to the asset base. Orix is a sound buy now and will get even better as the casino development moves ahead, despite a long view ahead of opening. Read the full article on Seeking Alpha
Seeking Alpha • Sep 26

ORIX: Staying Bullish Considering Buybacks And Rate Cut

Summary I retain my Buy rating for ORIX Corporation stock after considering the progress of the company's ongoing share buyback plan and the potential ROE boost from a decrease in interest rates. ORIX's continued share buybacks and an increase in the company's dividend payout ratio are expected to enhance its shareholder yield. The Fed's recent rate cut will have a favorable impact on the performance of ORIX's key business segments and the company's future capital gains. Read the full article on Seeking Alpha
Seeking Alpha • Feb 08

ORIX: Look Beyond Earnings Miss And Focus On ROE Target

Summary ORIX Corporation's recent third-quarter earnings came in -2% lower than what the sell-side expected, but this was still equivalent to an impressive bottom-line growth rate of +40% QoQ. The company stuck to its existing EPS guidance and ROE target for FY 2024 and FY 2025, despite the bottom line miss. IX is worthy of a Buy rating, as it can trade at a much higher P/B multiple based on my valuation analysis. Read the full article on Seeking Alpha
Seeking Alpha • Nov 20

ORIX: Eyes On ROA Expansion

Summary ORIX's international renewable energy unit (Elawan), and its Banking and Credit business, are expected to register superior ROAs going forward. ORIX Corporation's guidance points to a substantial growth in the amount of asset disposals for 2H FY 2024. I retain a Buy rating for IX in view of the potential for ORIX Corporation's ROA to increase in a meaningful way for the future. Read the full article on Seeking Alpha
Seeking Alpha • Sep 08

ORIX: Spotlight On Share Repurchases And Asset Monetization

Summary ORIX Corporation has already completed more than half of its current fiscal 2024 JPY50 billion share repurchase program by end-Aug. IX plans to divest some of its domestic logistics properties and overseas renewable energy plants in this fiscal year. I leave my Buy rating for ORIX Corporation unchanged, as IX could trade at a higher valuation multiple with accretive capital allocation moves such as asset divestments and share repurchases. Read the full article on Seeking Alpha
Seeking Alpha • Feb 06

Orix GAAP EPS of ¥178.47, revenue of ¥1.99B

Orix press release (NYSE:IX): Q3 GAAP EPS of ¥178.47. Revenue of ¥1.99B (+6.4% Y/Y).
Seeking Alpha • Nov 07

Orix GAAP EPS of ¥102.40, revenue of ¥1.36T

Orix press release (NYSE:IX): 1H GAAP EPS of  ¥102.40. Revenue of  ¥1.36T (+9.7% Y/Y).
Seeking Alpha • Sep 02

ORIX: Multiple Catalysts

Summary ORIX Corporation's Aircraft & Ships and Real Estate segments are benefiting from the reopening of economies, as seen with their respective Q1 FY 2023 performances. IX has divested some physical assets in the recent quarter while continuing to work on certain PE exits; I expect its capital recycling activities to create value for the company. ORIX Corporation has been increasing the amount of capital it returns to its shareholders via both dividends and buybacks in recent years. ORIX Corporation is rated now as a Buy, in view of its current undemanding valuations and the multiple catalysts for the stock. Elevator Pitch I upgrade my investment rating for ORIX Corporation's (IX) [8591:JP] stock from a Hold to a Buy. My earlier November 23, 2020 initiation article for ORIX Corporation highlighted how the COVID-19 pandemic had affected the company's financial performance. In this latest article, I turn my attention to the multiple re-rating catalysts for IX, which include the positive impact of reopening on specific business segments, an improvement in shareholder capital return, and a faster pace of capital recycling. The market currently values ORIX Corporation at a 20% discount to its book value, and I am of the view that IX can trade above book value in time to come when these catalysts are realized. As such, I decide to assign a Buy rating to ORIX Corporation. A Beneficiary Of Reopening As the COVID-19 moves gradually towards an endemic state, the reopening of economies will be positive for many businesses that suffered from various lockdowns and restrictions during the worst of the pandemic. ORIX Corporation's Aircraft & Ships and Real Estate businesses will be among these beneficiaries. Previously, IX stressed at the company's FY 2022 (YE March 31) investor call on May 11, 2022 that it is "expecting recovery (for these segments impacted by COVID-19 pandemic) to some extent" which "will turn from negative to positive contributions." ORIX Corporation has proven to be right. The company announced its most recent Q1 FY 2023 financial results on August 3, 2022, and IX's Aircraft & Ships and Real Estate segments were the key outperformers in the first quarter of fiscal 2023. The Aircraft & Ships business segment turned around from losses of -JPY5.0 billion in Q1 FY 2022 and -JPY5.2 billion in Q4 FY 2022 to generate positive earnings of JPY5.4 billion for Q1 FY 2023, as indicated in its most recent quarterly earnings presentation. At its Q1 FY 2023 earnings briefing on August 6, 2022, IX emphasized that "earnings are in an uptrend" for its aircraft leasing business, which is attributable to "recovery in (air travel) passenger demand." According to The International Air Transport Association's most updated June 2022 forecasts, the global airline industry is expected to return to profitability in 2023 which bodes well for the recovery prospects of ORIX Corporation's aircraft leasing business. Segment profit for IX's Real Estate business grew by +120% QoQ and +12% YoY to JPY11.9 billion in the most recent quarter. ORIX Corporation operates hotels as part of its Real Estate segment, so the recovery of the Japanese tourism sector with the easing of border restrictions has been a key tailwind. In a further boost for ORIX Corporation's Real estate business segment and Japanese hotel operations going forward, Bloomberg recently reported on August 31, 2022, that Japan will "allow non-guided group tours from September" 2022. This represents a major step in the normalization of the tourism market in Japan. Looking forward, IX's future earnings growth should be supported by a further recovery in the Real Estate and Aircraft & Ships business segments over time. Leveraging On Capital Recycling To Create Value ORIX Corporation's PE (Private Equity) Investment & Concession business, first set up in 2012, is a key value driver for the company, as this segment helps IX to seek out new business growth opportunities and recycle capital to improve returns. In its Q1 FY 2023 results presentation, ORIX Corporation specifically highlighted that one of the key purposes of having the PE Investment & Concession unit is "to develop new business segments for ORIX." As indicated in the chart below, IX had invested in a number of healthcare and technology companies via its PE Investment & Concession business. Selected Investments Made By ORIX Corporation's PE Investment & Concession Business Segment IX's Q1 FY 2023 Earnings Presentation More significantly, the PE Investment & Concession unit provides a way for ORIX Corporation to create value by recycling capital from low-return investments or assets into higher-yielding investment opportunities with greater growth potential. IX's PE Investment & Concession business has had a good track record, achieving a mean Internal Rate of Return or IRR of approximately 30% for the eight divestments or exits it has completed between 2012 and 2021. ORIX Corporation emphasized at the company's recent first-quarter investor briefing that "we will be doing some of them (PE exits)" for the remainder of fiscal 2023. Also, it must be noted that ORIX Corporation's capital recycling activities aren't just limited to its PE Investment & Concession unit. IX disclosed at its Q1 FY 2023 results call that it divested some physical properties and ships in the recent quarter, and it highlighted that this will free up excess capital for "additional investment to be made in" its "existing line of businesses" as well. ORIX Corporation's goal is to improve the company's overall Return On Equity or ROE from 9.9% in fiscal 2022 to 11.7% by fiscal 2025. Apart from capital recycling, capital return is also a key component of IX's strategy to expand its ROE (by shrinking the capital base) which I will touch on in the next section. Shareholder Capital Return IX has done an excellent job in returning an increasing proportion of the company's excess capital back to its shareholders.
Seeking Alpha • Jun 15

ORIX: Avoiding U.S.-Based Alternative Investment Firms

ORIX is a Japanese Conglomerate: Corporate Finance, Asset Management, PE, RE, Insurance, and more. While Japanese segments offer safety, exciting opportunities lie in international operations. The company is certainly worth a look for those looking for an underfollowed financial conglomerate that is stable like a rock.

Shareholder Returns

IXUS Diversified FinancialUS Market
7D3.2%-2.5%0.8%
1Y78.2%-3.3%20.6%

Return vs Industry: IX exceeded the US Diversified Financial industry which returned -3.3% over the past year.

Return vs Market: IX exceeded the US Market which returned 20.6% over the past year.

Price Volatility

Is IX's price volatile compared to industry and market?
IX volatility
IX Average Weekly Movement4.7%
Diversified Financial Industry Average Movement5.9%
Market Average Movement7.3%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: IX has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: IX's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
195037,286Hidetake Takahashiwww.orix.co.jp

ORIX Corporation provides financial services in Japan, the United States, and internationally. It operates through Corporate Financial Services and Maintenance Leasing; Real Estate; PE Investment and Concession; Environment and Energy; Insurance; Banking and Credit; Aircraft and Ships; ORIX USA; ORIX Europe; and Asia and Australia. The Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; and leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses.

ORIX Corporation Fundamentals Summary

How do ORIX's earnings and revenue compare to its market cap?
IX fundamental statistics
Market capUS$43.69b
Earnings (TTM)US$2.76b
Revenue (TTM)US$20.59b
15.8x
P/E Ratio
2.1x
P/S Ratio

Is IX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IX income statement (TTM)
RevenueJP¥3.33t
Cost of RevenueJP¥1.89t
Gross ProfitJP¥1.44t
Other ExpensesJP¥991.45b
EarningsJP¥447.17b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 06, 2026

Earnings per share (EPS)409.41
Gross Margin43.19%
Net Profit Margin13.43%
Debt/Equity Ratio141.4%

How did IX perform over the long term?

See historical performance and comparison

Dividends

2.9%
Current Dividend Yield
39%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/12 19:30
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ORIX Corporation is covered by 19 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Azuma OhnoBarclays
Natsumu TsujinoBofA Global Research
Koichi NiwaCitigroup Inc