Komori
Orix (8591) · RiskWorsenedLatest Revision of earnings forecasts (2026-05-11): "Mitigated"

Asset Value Fluctuations, Including Ships, Aircraft and Real Estate

First written in FY2016. 13 of 34 entries say "Worsened", first in FY2020-Q2. Latest entry: 2026-05-11.

34entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2017-Q1 – FY2018-Q3MitigatedFY2018 – FY2020-Q1WorsenedFY2020-Q2 – FY2021-Q3MitigatedFY2024-Q3 – FY20242016: 320162017: 420172018: 320182019: 420192020: 420202021: 420212022: 420222023: 320232024: 220242025: 220252026: 1
Same theme, other companies
Risk of Changes in Fair Value and Impairment of Securities, Real Estate and Other AssetsA theme 75 companies write about · 75 as a headwind · 0 as a tailwind

Orix moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).

The whole theme swung hardest in 2019: 24 of 52 companies on the "Worse" side.

7 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 75 companies compared. The sentences above are computed from all 75.
Full recordFilings, disclosures and news, newest first
  1. 2026-05-11MitigatedRevision of earnings forecasts

    「Impairment losses on long-lived assets 25,933 16,242」

    Impairment losses on long-lived assets declined from ¥25,933 million in the previous fiscal year to ¥16,242 million.
  2. FY2026-H1WorsenedAnnual report

    「In the previous interim consolidated period and the current interim consolidated period, the Company and its subsidiaries recognized impairment losses of ¥506 million and ¥1,397 million, respectively, on the difference between the carrying amounts and fair values of long-lived assets, and recorded them as long-lived asset impairment losses.」

    For asset value volatility risk relating to ships, aircraft, real estate and other assets, long-lived asset impairment losses increased from ¥506 million in the same period of the previous year to ¥1,397 million.
  3. FY2025WorsenedAnnual report

    「Long-lived asset impairment losses for the current consolidated fiscal year amounted to ¥25,933 million, an increase of ¥24,209 million from ¥1,724 million in the previous consolidated fiscal year, following impairment testing of domestic and overseas long-lived assets, including office buildings, commercial facilities, rental apartments, hotels, and land under development and undeveloped land.」

    Long-lived asset impairment losses increased sharply from ¥1,724 million to ¥25,933 million, increasing the impact of asset value volatility risk on earnings. Impairment losses of ¥20,030 million were also recorded on 2 coal and biomass co-firing power plants.
  4. FY2024MitigatedAnnual report

    「Long-lived asset impairment losses for the current consolidated fiscal year amounted to ¥1,724 million, a decrease of ¥573 million from ¥2,297 million in the previous consolidated fiscal year, following impairment testing of domestic and overseas long-lived assets, including office buildings, commercial facilities, rental apartments, hotels, and land under development and undeveloped land.」

    Asset value volatility risk remains, but long-lived asset impairment losses decreased from ¥2,297 million to ¥1,724 million.
  5. FY2024-Q3MitigatedAnnual report

    「In the previous third-quarter cumulative period and the current third-quarter cumulative period, the Company and its subsidiaries recognized impairment losses of ¥1,807 million and ¥643 million, respectively, on the difference between the carrying amounts and fair values of long-lived assets, and recorded them as long-lived asset impairment losses.」

    Asset value volatility risk for ships, aircraft, real estate and other assets remains, but long-lived asset impairment losses decreased from ¥1,807 million in the same period of the previous year to ¥643 million.
  6. FY2024-Q2WorsenedAnnual report

    「In the previous second-quarter cumulative period and the current second-quarter cumulative period, the Company and its subsidiaries recognized impairment losses of ¥253 million and ¥538 million, respectively, on the difference between the carrying amounts and fair values of long-lived assets, and recorded them as long-lived asset impairment losses.」

    Long-lived asset impairment losses increased from ¥253 million in the same period of the previous year to ¥538 million. Impairment losses were recorded on real estate, business investments and concessions, environmental and energy, and other assets, increasing the impact of asset value volatility risk on earnings.
  7. FY2023MitigatedAnnual report

    「Long-lived asset impairment losses for the current consolidated fiscal year amounted to ¥2,297 million, a decrease of ¥33,369 million from ¥35,666 million in the previous consolidated fiscal year, following impairment testing of domestic and overseas long-lived assets, including office buildings, commercial facilities, rental apartments, hotels, and land under development and undeveloped land.」

    Asset value volatility risk remains, but long-lived asset impairment losses decreased sharply from ¥35,666 million to ¥2,297 million.
  8. FY2023-Q3MitigatedAnnual report

    「In the previous third-quarter cumulative period and the current third-quarter cumulative period, the Company and its subsidiaries recognized impairment losses of ¥15,068 million and ¥1,807 million, respectively, on the difference between the carrying amounts and fair values of long-lived assets, and recorded them as long-lived asset impairment losses.」

    Long-lived asset impairment losses decreased sharply from ¥15,068 million in the same period of the previous year to ¥1,807 million. In the current cumulative quarter, impairment losses were recorded on real estate, business investments and concessions, environmental and energy, and Asia and Australia.
  9. FY2023-Q2WorsenedAnnual report

    「In the previous second-quarter cumulative period and the current second-quarter cumulative period, the Company and its subsidiaries recognized impairment losses of ¥88 million and ¥253 million, respectively, on the difference between the carrying amounts and fair values of long-lived assets, and recorded them as long-lived asset impairment losses.」

    Long-lived asset impairment losses increased from ¥88 million in the same period of the previous year to ¥253 million. Impairment losses were recorded on real estate, business investments and concessions, environmental and energy, and Asia and Australia.
  10. FY2023-Q1WorsenedAnnual report

    「In the previous first-quarter cumulative period and the current first-quarter cumulative period, the Company and its subsidiaries recognized impairment losses of ¥87 million and ¥108 million, respectively, on the difference between the carrying amounts and fair values of long-lived assets, and recorded them as long-lived asset impairment losses.」

    Long-lived asset impairment losses increased from ¥87 million in the same period of the previous year to ¥108 million, with impairment losses recorded on real estate, environmental and energy, and Asia and Australia.
  11. FY2022WorsenedAnnual report

    「In the previous consolidated fiscal year and the current consolidated fiscal year, the Company and its subsidiaries recognized impairment losses of ¥3,020 million and ¥35,666 million, respectively, on the difference between the carrying amounts and fair values of long-lived assets, and recorded them as long-lived asset impairment losses.」

    Long-lived asset impairment losses increased sharply from ¥3,020 million in the previous fiscal year to ¥35,666 million, with impairment losses also recorded on 2 coal and biomass co-firing power plants and 2 aircraft.
  12. FY2022-Q3WorsenedAnnual report

    「In the previous third-quarter cumulative period and the current third-quarter cumulative period, the Company and its subsidiaries recognized impairment losses of ¥591 million and ¥15,068 million, respectively, on the difference between the carrying amounts and fair values of long-lived assets, and recorded them as long-lived asset impairment losses.」

    Long-lived asset impairment losses increased sharply from ¥591 million in the same period of the previous year to ¥15,068 million. Impairment losses of ¥11,641 million were recorded on operating assets and other assets, and ¥2,331 million on aircraft.
  13. FY2022-Q2MitigatedAnnual report

    「In the previous second-quarter cumulative period and the current second-quarter cumulative period, the Company and its subsidiaries recognized impairment losses of ¥583 million and ¥88 million, respectively, on the difference between the carrying amounts and fair values of long-lived assets, and recorded them as long-lived asset impairment losses.」

    Long-lived asset impairment losses decreased from ¥583 million in the same period of the previous year to ¥88 million, reducing the impact of asset value volatility on earnings.
  14. FY2022-Q1MitigatedAnnual report

    「In the previous first-quarter cumulative period and the current first-quarter cumulative period, the Company and its subsidiaries recognized impairment losses of ¥257 million and ¥87 million, respectively, on the difference between the carrying amounts and fair values of long-lived assets, and recorded them as long-lived asset impairment losses.」

    Long-lived asset impairment losses decreased from ¥257 million in the same period of the previous year to ¥87 million, reducing the impact of asset value volatility risk on earnings.
  15. FY2021RestatedAnnual report

    「In the previous consolidated fiscal year and the current consolidated fiscal year, the Company and its subsidiaries recognized impairment losses of ¥3,043 million and ¥3,020 million, respectively, on the difference between the carrying amounts and fair values of long-lived assets, and recorded them as long-lived asset impairment losses.」

    Long-lived asset impairment losses were broadly unchanged from the previous fiscal year, with impairment losses continuing to be recorded on hotels, commercial facilities, rental apartments, land and other assets.
  16. FY2021-Q3WorsenedAnnual report

    「In the previous third-quarter cumulative period and the current third-quarter cumulative period, the Company and its subsidiaries recognized impairment losses of ¥554 million and ¥591 million, respectively, on the difference between the carrying amounts and fair values of long-lived assets, and recorded them as long-lived asset impairment losses.」

    Long-lived asset impairment losses increased from ¥554 million in the same period of the previous year to ¥591 million. Impairment losses were recorded for real estate, environmental and energy, ORIX USA, and Asia and Australia.
  17. FY2021-Q2WorsenedAnnual report

    「During the second quarter of the previous consolidated cumulative period and the current consolidated cumulative period, the Company and its subsidiaries recognized impairment losses of ¥36 million and ¥583 million, respectively, on differences between the carrying amounts and fair values of long-lived assets, and recorded them as impairment losses on long-lived assets.」

    Long-lived asset impairment losses increased from ¥36 million in the same period of the previous year to ¥583 million. The breakdown was ¥433 million for real estate, ¥17 million for environmental and energy, ¥60 million for ORIX USA, and ¥73 million for Asia and Australia.
  18. FY2021-Q1WorsenedAnnual report

    「During the first quarter of the previous consolidated cumulative period and the current consolidated cumulative period, the Company and its subsidiaries recognized impairment losses of ¥20 million and ¥257 million, respectively, on differences between the carrying amounts and fair values of long-lived assets, and recorded them as impairment losses on long-lived assets.」

    Impairment losses on long-lived assets increased from ¥20 million in the same period of the previous year to ¥257 million. The breakdown was ¥153 million for real estate, ¥60 million for ORIX USA, and ¥44 million for Asia and Australia.
  19. FY2020WorsenedAnnual report

    「During the previous consolidated fiscal year and the current consolidated fiscal year, the Company and its subsidiaries recognized impairment losses of ¥2,418 million and ¥3,043 million, respectively, on differences between the carrying amounts and fair values of long-lived assets, and recorded them as impairment losses on long-lived assets.」

    Impairment losses on long-lived assets increased from ¥2,418 million in the previous period to ¥3,043 million, with impairment losses recorded on hotels, commercial facilities, rental apartments, and land under development or undeveloped land.
  20. FY2020-Q3WorsenedAnnual report

    「During the third quarter of the previous consolidated cumulative period and the current consolidated cumulative period, the Company and its subsidiaries recognized impairment losses of ¥26 million and ¥554 million, respectively, on differences between the carrying amounts and fair values of long-lived assets, and recorded them as impairment losses on long-lived assets.」

    Impairment losses on long-lived assets increased from ¥26 million in the same period of the previous year to ¥554 million, with ¥518 million also recorded during the current third-quarter consolidated accounting period.
  21. FY2020-Q2WorsenedAnnual report

    「During the second quarter of the previous consolidated cumulative period and the current consolidated cumulative period, the Company and its subsidiaries recognized impairment losses of ¥26 million and ¥36 million, respectively, on differences between the carrying amounts and fair values of long-lived assets, and recorded them as impairment losses on long-lived assets.」

    Impairment losses on long-lived assets increased from ¥26 million in the same period of the previous year to ¥36 million, with ¥16 million also recorded during the current second-quarter accounting period.
  22. FY2020-Q1MitigatedAnnual report

    「During the first quarter of the previous consolidated cumulative period and the current consolidated cumulative period, the Company and its subsidiaries recognized impairment losses of ¥26 million and ¥20 million, respectively, on differences between the carrying amounts and fair values of long-lived assets, and recorded them as impairment losses on long-lived assets.」

    Impairment losses on long-lived assets decreased from ¥26 million in the same period of the previous year to ¥20 million, further reducing the impact of asset value fluctuation risk on earnings.
  23. FY2019MitigatedAnnual report

    「The Company and its subsidiaries recognized impairment losses of ¥5,525 million and ¥2,418 million, respectively, on differences between the carrying amounts and fair values of long-lived assets, and recorded them as impairment losses on long-lived assets.」

    Impairment losses on long-lived assets decreased from ¥5,525 million in the previous period to ¥2,418 million, reducing the impact of asset value fluctuation risk on earnings.
  24. FY2019-Q3MitigatedAnnual report

    「During the third quarter of the previous consolidated cumulative period and the current consolidated cumulative period, the Company and its subsidiaries recognized impairment losses of ¥3,029 million and ¥26 million, respectively, on differences between the carrying amounts and fair values of long-lived assets, and recorded them as impairment losses on long-lived assets.」

    Impairment losses on long-lived assets fell sharply from ¥3,029 million in the same period of the previous year to ¥26 million, and no impairment losses were recorded during the current third-quarter accounting period alone. The impact of asset value fluctuation risk on earnings has diminished.
  25. FY2019-Q1MitigatedAnnual report

    「During the first quarter of the previous consolidated cumulative period and the current consolidated cumulative period, the Company and its subsidiaries recognized impairment losses of ¥1,085 million and ¥26 million, respectively, on differences between the carrying amounts and fair values of long-lived assets, and recorded them as impairment losses on long-lived assets.」

    Impairment losses on long-lived assets decreased from ¥1,085 million in the same period of the previous year to ¥26 million. The risk of changes in asset values continues to occur, but its impact on earnings has diminished.
  26. FY2018MitigatedAnnual report

    「At the end of the previous consolidated fiscal year and the current consolidated fiscal year, the Company and its subsidiaries recognized impairment losses of ¥9,134 million and ¥5,525 million, respectively, on differences between the carrying amounts and fair values of long-lived assets, and recorded them as impairment losses on long-lived assets.」

    The risk of changes in asset values continues to result in impairment losses, but impairment losses on long-lived assets decreased from ¥9,134 million to ¥5,525 million.
  27. FY2018-Q3MaterialisedAnnual report

    「During the third quarter of the previous consolidated cumulative period and the current consolidated cumulative period, the Company and its subsidiaries recognized impairment losses of ¥4,802 million and ¥3,029 million, respectively, on differences between the carrying amounts and fair values of long-lived assets, and recorded them as impairment losses on long-lived assets.」

    The risk of changes in the value of assets such as ships, aircraft and real estate continued to be reflected in earnings as ¥3,029 million in impairment losses on long-lived assets during the third-quarter cumulative period.
  28. FY2018-Q2MaterialisedAnnual report

    「During the second quarter of the previous consolidated cumulative period and the current consolidated cumulative period, the Company and its subsidiaries recognized impairment losses of ¥1,409 million and ¥1,472 million, respectively, on differences between the carrying amounts and fair values of long-lived assets, and recorded them as impairment losses on long-lived assets.」

    The risk of changes in asset values continued to be reflected in earnings as impairment losses on long-lived assets, with ¥1,472 million recorded during the second-quarter cumulative period.
  29. FY2018-Q1MaterialisedAnnual report

    「During the first quarter of the previous consolidated cumulative period and the current consolidated cumulative period, the Company and its subsidiaries recognized impairment losses of ¥564 million and ¥1,085 million, respectively, on differences between the carrying amounts and fair values of long-lived assets, and recorded them as impairment losses on long-lived assets.」

    The risk of changes in the value of long-lived assets materialized as impairment losses during the first quarter, with ¥1,085 million recorded.
  30. FY2017MaterialisedAnnual report

    「At the end of the previous consolidated fiscal year and the current consolidated fiscal year, the Company and its subsidiaries recognized impairment losses of ¥13,448 million and ¥9,134 million, respectively, on differences between the carrying amounts and fair values of long-lived assets, and recorded them as impairment losses on long-lived assets.」

    The risk of changes in the value of assets such as ships, aircraft and real estate continued to be reflected in earnings as ¥9,134 million in impairment losses during the current consolidated fiscal year.
  31. FY2017-Q3MaterialisedAnnual report

    「During the third quarter of the previous consolidated cumulative period and the current consolidated cumulative period, the Company and its subsidiaries recognized impairment losses of ¥4,547 million and ¥4,802 million, respectively, on differences between the carrying amounts and fair values of long-lived assets, and recorded them as impairment losses on long-lived assets.」

    The risk of changes in the value of long-lived assets continued to be reflected in earnings as impairment losses, with ¥4,802 million recorded during the current third-quarter cumulative period.
  32. FY2017-Q2MaterialisedAnnual report

    「During the second quarter of the current consolidated cumulative period, the Company and its subsidiaries each recognized impairment losses of ¥1,409 million on differences between the carrying amounts and fair values of long-lived assets, and recorded them as impairment losses on long-lived assets.」

    The risk of changes in the value of long-lived assets was reflected in earnings as impairment losses during the current cumulative quarter. Losses were recorded in the real estate, business investment and overseas business segments.
  33. FY2017-Q1MaterialisedAnnual report

    「During the first quarter of the current consolidated cumulative period, the Company and its subsidiaries recognized impairment losses of ¥822 million and ¥564 million, respectively, on differences between the carrying amounts and fair values of long-lived assets, and recorded them as impairment losses on long-lived assets.」

    The real estate business and other segments recognized ¥564 million in impairment losses on long-lived assets, with asset value fluctuation risk reflected in earnings.
  34. FY2016First statedAnnual report

    「The ORIX Group invests in ships, aircraft, real estate and other assets in Japan and overseas. The prices of these investment assets fluctuate, and their value may decline significantly in the future.」

    Business risks, including impairment losses and changes in residual values of transportation equipment, real estate and long-lived assets.
Moved together

"Fluctuations in Interest Rates, Foreign Exchange Rates, Stock Prices and Bond Prices" moved the same way as this thread, in the same document, in 17 of its 34 moves.

17141111119★123456
  1. ★This thread
  2. 1Fluctuations in Interest Rates, Foreign Exchange Rates, Stock Prices and Bond Prices17×
  3. 2Allowance for Doubtful Accounts Shortfall and Increase in Credit-Related Expenses14×
  4. 3Expanding the Asian Network and Globalizing Asset Management11×
  5. 4Domestic and International Expansion of the Environmental Energy Business11×
  6. 5Preparing for the Adoption of New U.S. Accounting Standards and Assessing Their Impact11×
  7. 6Balancing Growth Investment with Stable, Consistent Dividends9×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Orix yet. It last moved in the Revision of earnings forecasts of 2026-05-11: "Mitigated".
News
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Asset Value Fluctuations, Including Ships, Aircraft and Real Estate | ORIX CORPORATION (8591) | Komori