Worth reading
70In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
3700
¥ millionWording
Conditional
How definitive the wording is.This transaction
Share transferCounterpartyDaiwa Next Bank, Ltd.
Disclosing companyORIX CORPORATION
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Banking
Location Minato-ku, TokyoShare capital ¥45 billionDate of incorporation 23 August 1993
Net Sales¥70.356 billion (fiscal year ended March 2025; ordinary income)
Operating profit¥29.928 billion (fiscal year ended March 2025; ordinary profit)
Net income for the current fiscal year¥20.893 billion (fiscal year ended March 2025)
Net assets¥270.399 billion (fiscal year ended March 2025)
Consideration and expenses
Acquisition price¥370 billion (initial price; the final transfer price will be determined after price adjustments and other procedures)
Type of ConsiderationCash
Amount of extraordinary income (loss)Gain on sale of approximately ¥124.2 billion (profit before income taxes), expected to be recorded in the consolidated financial results for the fiscal year ending March 2027
Impact on Business Performance
ORIX expects to record a gain on sale of approximately ¥124.2 billion (profit before income taxes) in its consolidated financial results for the fiscal year ending March 2027
| Item | Details |
|---|---|
| Transaction name | Share transfer |
| Counterparty name | Daiwa Next Bank, Ltd. |
| Name of the Subject Company | ORIX Bank Corporation |
| Business Description of the Subject Company | Banking |
| Location of the Subject Company | Minato-ku, Tokyo |
| Capital Stock of the Subject Company | ¥45 billion |
| Date of Establishment of the Subject Company | 23 August 1993 |
| Net Sales of the Subject Company | ¥70.356 billion (fiscal year ended March 2025; ordinary income) |
| Operating Profit of the Subject Company | ¥29.928 billion (fiscal year ended March 2025; ordinary profit) |
| Net Income of the Subject Company | ¥20.893 billion (fiscal year ended March 2025) |
| Net Assets of the Subject Company | ¥270.399 billion (fiscal year ended March 2025) |
| Acquisition price | ¥370 billion (initial price; the final transfer price will be determined after price adjustments and other procedures) |
| Type of Consideration | Cash |
| Number of shares acquired | 1,200,000 shares (number of voting rights: 1,200,000) |
| Voting rights ownership percentage | Before 100％ → after 0％ |
| Amount of extraordinary income (loss) | Gain on sale of approximately ¥124.2 billion (profit before income taxes), expected to be recorded in the consolidated financial results for the fiscal year ending March 2027 |
| Impact on Business Performance | ORIX expects to record a gain on sale of approximately ¥124.2 billion (profit before income taxes) in its consolidated financial results for the fiscal year ending March 2027 |
| Contract Date | 27 April 2026 |
| Execution Date / Effective Date | Scheduled by October 2026 |
Items this document does not state (13)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountDate of board resolutionValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Competition in the banking industry has intensified as a result of rising interest rates and digitalization. To achieve ROE of 15% and net income of ¥1 trillion, ORIX is working to improve capital efficiency by expanding its asset management business. ORIX determined that Daiwa Securities Group is the optimal partner for sustainably increasing corporate value, given the strong fit between ORIX Bank and Daiwa Securities Group's financial platform, capital base and customer base.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.