Growth centered on a diversified, diverse business portfolio

「Effective 1 April 2024, we changed the method for including a portion of interest expense previously allocated to each segment in the reconciliation between segment profit and the consolidated financial statements, which represents head-office segment income or loss. As a result, the segment figures for the first six months of the previous fiscal year have been reclassified and restated. Effective 1 April 2024, we also changed the scope of segment assets to include cash and cash equivalents, notes and accounts receivable, and other receivables. As a result, the segment figures at the end of the previous fiscal year have been reclassified and restated.」

「During the current fiscal year, we transferred 66% of the common shares of ORIX Credit Co., Ltd., previously a consolidated subsidiary, to a third party. As we continue to hold a 34% interest, ORIX Credit became an equity-method affiliate from the current fiscal year.」

「The segments used by our chief operating decision-maker to allocate management resources and evaluate performance comprise 10 segments based on the management-control organisation divided according to the nature of the principal products and services, customer attributes, regulations and operating regions: Corporate Business and Maintenance Leasing, Real Estate, Business Investment and Concessions, Environment and Energy, Insurance, Banking and Credit, Transportation Equipment, ORIX USA, ORIX Europe, and Asia and Australia. Effective 1 April 2023, we expanded the scope of intersegment collaboration profit allocations included in the calculation of segment profit. As a result, the segment figures for the first six months of the previous fiscal year have been reclassified and restated.」

「Effective 1 April 2023, we expanded the scope of intersegment collaboration profit allocations included in the calculation of segment profit. As a result, the segment figures for the first quarter of the previous fiscal year have been reclassified and restated.」

「The segments used by our chief operating decision-maker to allocate management resources and evaluate performance comprise 10 segments based on the management-control organisation divided according to the nature of the principal products and services, customer attributes, regulations and operating regions: Corporate Business and Maintenance Leasing, Real Estate, Business Investment and Concessions, Environment and Energy, Insurance, Banking and Credit, Transportation Equipment, ORIX USA, ORIX Europe, and Asia and Australia. Effective 1 April 2022, we changed the allocation method so that interest expense and a portion of selling, general and administrative expenses previously included in the reconciliation between segment profit and the quarterly consolidated financial statements are allocated to each segment. As a result, the segment figures for the first six months of the previous fiscal year have been reclassified and restated.」

「Effective 1 April 2022, we changed the allocation method so that interest expense and a portion of selling, general and administrative expenses previously included in the reconciliation between segment profit and the quarterly consolidated financial statements are allocated to each segment. As a result, the segment figures for the first quarter of the previous fiscal year have been reclassified and restated.」

「The segments used by the company's chief operating decision-maker to allocate management resources and evaluate performance are based on management organizations classified by the nature of their principal products and services, customer characteristics, regulations, and operating regions, and comprise 10 segments: “Corporate Sales and Maintenance Leasing,” “Real Estate,” “Business Investment and Concessions,” “Environment and Energy,” “Insurance,” “Banking and Credit,” “Transportation Equipment,” “ORIX USA,” “ORIX Europe,” and “Asia and Australia.”」

「During the third quarter of the fiscal year under review, the company decided to sell the business of 弥生株式会社, its consolidated subsidiary. The sale is scheduled to be completed during the fiscal year under review.」

「The segments used by the company's chief operating decision-maker to allocate management resources and evaluate performance are based on management organizations classified by the nature of their principal products and services, customer characteristics, regulations, and operating regions, and comprise 10 segments: “Corporate Sales and Maintenance Leasing,” “Real Estate,” “Business Investment and Concessions,” “Environment and Energy,” “Insurance,” “Banking and Credit,” “Transportation Equipment,” “ORIX USA,” “ORIX Europe,” and “Asia and Australia.”」

「The segments used by the company's chief operating decision-maker to allocate management resources and evaluate performance are based on management organizations classified by the nature of their principal products and services, customer characteristics, regulations, and operating regions, and comprise 10 segments: “Corporate Sales and Maintenance Leasing,” “Real Estate,” “Business Investment and Concessions,” “Environment and Energy,” “Insurance,” “Banking and Credit,” “Transportation Equipment,” “ORIX USA,” “ORIX Europe,” and “Asia and Australia.” Effective 1 April 2021, the company changed the method of allocating part of the interest expense previously included in the reconciliation between segment profit and the quarterly consolidated financial statements to the individual segments. It also changed the method of presenting part of selling, general and administrative expenses, from allocating them to the individual segments to including them in the reconciliation between segment profit and the quarterly consolidated financial statements. In addition, part of the leasing business conducted in the Environment and Energy segment was changed from the Environment and Energy segment to the Corporate Sales and Maintenance Leasing segment.」

「The segments are based on management organizations classified by the nature of their principal products and services, customer characteristics, regulations, and operating regions, and comprise 10 segments: “Corporate Sales and Maintenance Leasing,” “Real Estate,” “Business Investment and Concessions,” “Environment and Energy,” “Insurance,” “Banking and Credit,” “Transportation Equipment,” “ORIX USA,” “ORIX Europe,” and “Asia and Australia.”」

「The segments are based on management organizations classified by the nature of their principal products and services, customer characteristics, regulations, and operating regions, and comprise 10 segments: “Corporate Sales and Maintenance Leasing,” “Real Estate,” “Business Investment and Concessions,” “Environment and Energy,” “Insurance,” “Banking and Credit,” “Transportation Equipment,” “ORIX USA,” “ORIX Europe,” and “Asia and Australia.” The reportable segment classification was changed effective 1 April 2020.」

「Effective 1 April 2020, the company reorganized its reportable business segments because it changed the segment classifications used by the chief operating decision-maker to evaluate performance and allocate management resources.」

「Segment assets increased 10% from the end of the previous fiscal year to ¥808,466 million, due to the acquisition as a subsidiary of an investee engaged in the wind power generation business and an increase in operating assets associated with the adoption of the new lease standard.」

「During the second quarter of the fiscal year under review, the company sold オリックス・リビング株式会社, formerly a consolidated subsidiary (hereinafter “オリックス・リビング”; its corporate name was changed to “グッドタイムリビング株式会社” as of 30 August 2019).」

「During the previous fiscal year, the company decided to sell オリックス・リビング株式会社, its consolidated subsidiary. The sale is scheduled to be completed during the fiscal year under review.」

「From the fiscal year under review, the company made Daikyo a wholly owned subsidiary with the aim of achieving medium- to long-term growth as an integrated real estate group by complementing its real estate businesses. As a result, from the fiscal year under review, Daikyo's segment classification changed from the business investment segment to the real estate segment.」

「As of 10 December 2018, the Tender Offer was completed, and the company's voting interest increased from 67.92% to 94.07%. During the third quarter of the fiscal year under review, the company decided to sell the golf business of オリックス・ゴルフ・マネジメント株式会社, its consolidated subsidiary.」

「ORIX manages its business portfolio across 6 segments: the corporate financial services segment, maintenance leasing segment, real estate segment, business investment segment, retail segment, and overseas segment. In addition, it classifies these 6 segments into 3 categories, “Finance,” “Business,” and “Investment,” from the perspectives of risk and capital intensity to explain ORIX's medium-term direction.」

「During the third quarter of the fiscal year under review, the company decided to tender the common shares of 株式会社アーク held through OPI・11株式会社, its consolidated subsidiary, into a tender offer (the “Tender Offer”). The tender offer period is from 30 November 2017 to 17 January 2018.」

「The 6 segments are as follows.」

「The 6 segments are as follows.」

「ORIX will continue to develop its businesses around a diversified business portfolio, leveraging the business and customer bases, knowledge, and expertise it has developed to provide higher-value-added services and improve profitability, while seeking to achieve sustainable profit growth over the medium term by expanding non-financial businesses.」

「Gains and losses on the sale of shares in subsidiaries and associates and losses on liquidation recorded during the third quarter of the fiscal year under review totaled ¥23,611 million, mainly in the overseas business segment, including a gain on the sale of the automotive parts wholesale business of OUC, a consolidated subsidiary of the company.」

「During the second quarter of the fiscal year under review, the company decided to sell the automotive parts wholesale business of OUC, its consolidated subsidiary. The sale is scheduled to be completed during the third quarter of the fiscal year under review.」

「The 6 segments are as follows.」

「ORIX will continue to develop its businesses around a diversified business portfolio, leveraging the business and customer bases, knowledge, and expertise it has developed to provide higher-value-added services and improve profitability, while seeking to achieve sustainable profit growth over the medium term by expanding non-financial businesses.」