ORIX Management

Management criteria checks 4/4

ORIX's CEO is Makoto Inoue, appointed in Jan 2011, has a tenure of 13.25 years. total yearly compensation is ¥372.00M, comprised of 33.9% salary and 66.1% bonuses, including company stock and options. directly owns 0.009% of the company’s shares, worth $2.08M. The average tenure of the management team and the board of directors is 6.3 years and 4.8 years respectively.

Key information

Makoto Inoue

Chief executive officer

JP¥372.0m

Total compensation

CEO salary percentage	33.9%
CEO tenure	13.3yrs
CEO ownership	0.009%
Management average tenure	6.3yrs
Board average tenure	4.8yrs

Recent management updates

Recent updates

ORIX Corporation: Portfolio Optimization And Capital Return To Support ROE Target

Nov 23

Orix reports 1H results

Nov 02

CEO Compensation Analysis

How has Makoto Inoue's remuneration changed compared to ORIX's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	JP¥280b
Sep 30 2023	n/a	n/a	JP¥279b
Jun 30 2023	n/a	n/a	JP¥274b
Mar 31 2023	JP¥372m	JP¥126m	JP¥273b
Dec 31 2022	n/a	n/a	JP¥313b
Sep 30 2022	n/a	n/a	JP¥288b
Jun 30 2022	n/a	n/a	JP¥309b
Mar 31 2022	JP¥371m	JP¥126m	JP¥312b
Dec 31 2021	n/a	n/a	JP¥262b
Sep 30 2021	n/a	n/a	JP¥245b
Jun 30 2021	n/a	n/a	JP¥208b
Mar 31 2021	JP¥303m	JP¥117m	JP¥192b
Dec 31 2020	n/a	n/a	JP¥200b
Sep 30 2020	n/a	n/a	JP¥237b
Jun 30 2020	n/a	n/a	JP¥284b
Mar 31 2020	JP¥260m	JP¥90m	JP¥303b
Dec 31 2019	n/a	n/a	JP¥332b
Sep 30 2019	n/a	n/a	JP¥328b
Jun 30 2019	n/a	n/a	JP¥313b
Mar 31 2019	JP¥268m	JP¥90m	JP¥324b
Dec 31 2018	n/a	n/a	JP¥293b
Sep 30 2018	n/a	n/a	JP¥302b
Jun 30 2018	n/a	n/a	JP¥303b
Mar 31 2018	JP¥272m	JP¥90m	JP¥313b

Compensation vs Market: Makoto's total compensation ($USD2.36M) is below average for companies of similar size in the US market ($USD13.52M).

Compensation vs Earnings: Makoto's compensation has been consistent with company performance over the past year.

CEO

Makoto Inoue (71 yo)

13.3yrs

Tenure

JP¥372,000,000

Compensation

Mr. Makoto Inoue has been the President at ORIX Corporation since January 1, 2011 and its Chief Executive Officer since June 24, 2014. Mr. Inoue has been Representative Executive Officer at ORIX Corporatio...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Makoto Inoue	Chairman	13.3yrs	JP¥372.00m	0.0088% ¥ 2.1m
Shuji Irie	Senior Managing Executive Officer	10.3yrs	JP¥118.00m	0.00036% ¥ 85.4k
Stan H. Koyanagi	Senior Managing Executive Officer	6.8yrs	JP¥294.00m	0.00043% ¥ 102.0k
Satoru Matsuzaki	Senior Managing Executive Officer	no data	JP¥122.00m	0.00085% ¥ 201.6k
Yoshiteru Suzuki	Senior Managing Executive Officer	6.3yrs	JP¥106.00m	no data
Hitomaro Yano	Head of Treasury & Accounting Headquarters and Executive Officer	6.3yrs	no data	0.00044% ¥ 104.4k
Kazuki Yamamoto	Head of Corporate Planning & Investor Relations	no data	no data	no data
Satoru Katahira	Chairman of Health Insurance Society and Corporate Pension Fund of ORIX Group	9.3yrs	no data	no data
Hiroko Yamashina	Group Executive & Chairperson of ORIX Asset Management Corporation	less than a year	no data	0.0028% ¥ 671.3k
Yasuaki Mikami	Senior Managing Executive Officer & Director	1.3yrs	no data	0.00020% ¥ 47.4k
Yoshiaki Matsuoka	Executive Officer & Head of Global Business Group	no data	no data	no data
Hidetake Takahashi	Head of Energy & Eco Services Headquarters and Managing Executive Officer	4.3yrs	no data	0.00062% ¥ 147.1k

6.3yrs

Average Tenure

60yo

Average Age

Experienced Management: IX's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Makoto Inoue	Chairman	13.8yrs	JP¥372.00m	0.0088% ¥ 2.1m
Shuji Irie	Senior Managing Executive Officer	5.8yrs	JP¥118.00m	0.00036% ¥ 85.4k
Stan H. Koyanagi	Senior Managing Executive Officer	6.8yrs	JP¥294.00m	0.00043% ¥ 102.0k
Satoru Matsuzaki	Senior Managing Executive Officer	4.8yrs	JP¥122.00m	0.00085% ¥ 201.6k
Yasuaki Mikami	Senior Managing Executive Officer & Director	less than a year	no data	0.00020% ¥ 47.4k
Michael A. Cusumano	Independent Outside Director	4.8yrs	no data	no data
Hiroshi Watanabe	Independent Outside Director	3.8yrs	no data	no data
Chikatomo Hodo	Independent Outside Director	2.8yrs	no data	no data
Noriyuki Yanagawa	Independent Outside Director	1.8yrs	no data	no data
Sakie Akiyama	Independent Outside Director	4.8yrs	no data	no data
Aiko Sekine	Independent Outside Director	3.8yrs	no data	no data

4.8yrs

Average Tenure

63yo

Average Age

Experienced Board: IX's board of directors are considered experienced (4.8 years average tenure).

ORIX Management

Management criteria checks 4/4

Key information

Recent management updates

ORIX Corporation, Annual General Meeting, Jun 22, 2023

ORIX Corporation, Annual General Meeting, Jun 24, 2022

Recent updates

MC Healthcare, Inc. acquired FreeIll Co., Ltd. from ORIX Corporation (TSE:8591).

Virbac SA (ENXTPA:VIRP) acquired Sasaea Holdings Co., Ltd. from ORIX Corporation (TSE:8591).

ORIX Corporation to Report Fiscal Year 2024 Results on May 08, 2024

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.

NTT DOCOMO, INC. agreed to acquire 66% stake in ORIX Credit Corporation from ORIX Corporation (TSE:8591).

ORIX: Look Beyond Earnings Miss And Focus On ROE Target

ORIX Corporation Provides Earnings Guidance for the Year Ending March 31, 2024

ORIX Corporation to Report Q3, 2024 Results on Feb 07, 2024

ORIX: Eyes On ROA Expansion

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.

ORIX Corporation to Report First Half, 2024 Results on Nov 01, 2023

ORIX: Spotlight On Share Repurchases And Asset Monetization

ORIX Corporation to Report Q1, 2024 Results on Aug 04, 2023

ORIX Corporation Provides Earnings Guidance for the Year Ending March 31, 2024

ORIX Corporation, Annual General Meeting, Jun 22, 2023

ORIX Corporation Provides Unaudited Earnings Guidance for the Year Ending March 31, 2023

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

ORIX Corporation (TSE:8591) completed the acquisition of 91.1% stake in DHC Corporation from Yoshiaki Yoshida.

ORIX Corporation to Report Q3, 2023 Results on Feb 06, 2023

Toshiba Aims to Reach Deal with Potential Partners Soon as Possible

Rohm Reportedly Mulls Joining Bid for Toshiba

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

ORIX Corporation Provides Dividend Guidance for the Year Ending March 31, 2023

Toshiba Reportedly Picks Tokyo Fund Group as Preferred Bidder for Possible Buyout

ORIX Corporation to Report First Half, 2023 Results on Nov 07, 2022

Chubu Electric, Orix Reportedly Mulls Investing in Toshiba

ORIX: Multiple Catalysts

ORIX Corporation Announces Write-Downs of Long-Lived Assets for the First Quarter Ended June 30, 2022

ORIX Corporation Provides Dividend Guidance for the Year Ending March 31, 2023

ORIX Corporation to Report Q1, 2023 Results on Aug 03, 2022

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

ORIX Corporation, Annual General Meeting, Jun 24, 2022

ORIX Corporation (TSE:8591) announces an Equity Buyback for 40,000,000 shares, representing 3.35% for ¥50,000 million.

ORIX Corporation Provides Earnings Guidance for the Year Ending March 31, 2022

ORIX subsidiary to make a mark with largest eVTOL aircraft order

ORIX Corporation Provides Year End Dividend Guidance for the Fiscal Year 2022

ORIX Corporation (TSE:8591) completed the acquisition of a stake in Greenko Energy Holdings from the founders.

AlHail Holding LLC acquired additional 37% stake in Al Hail Orix Finance Psc from ORIX Corporation (TSE:8591).

ORIX shells out nearly $1B for overseas renewable play

ORIX Corporation (TSE:8591) acquired an unknown stake in Keisoku Net Service Co., Ltd.

ORIX Corporation to Report Q3, 2021 Results on Feb 08, 2021

ORIX Corporation (TSE:8591) has entered into an agreement to acquire a 70% stake in Gravis Capital Management Ltd.

ORIX Corporation: Portfolio Optimization And Capital Return To Support ROE Target

ORIX Corporation (TSE:8591) acquired APRESIA Systems, Ltd. from NMC No. 3 Investment Limited Partnership.

Orix reports 1H results

ORIX Corporation (TSE:8591) signed a framework to acquire an unknown stake in Greenko Energy Holdings from the founders.

ORIX JREIT Inc. (TSE:8954) agreed to acquire Felichita Sanjo Kiyamachi from ORIX Corporation (TSE:8591) for ¥ 3.1 billion.

ORIX Corporation to Report Q2, 2021 Results on Nov 02, 2020

ORIX Corporation Unable to Provide Earnings Guidance for the Year Ending March 31, 2021 Due to Covid-19

ORIX Corporation (TSE:8591) completed the acquisition of a majority stake in Kobayashi Kako Co.,Ltd.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age