Slide 1: ORIX Corporation Consolidated Financial Results
ORIX Corporation Consolidated Financial Results For the Three-Month Period Ended June 30, 2026 Masataka Yamada Senior Managing Executive Officer, Chief Financial Officer and Chief Strategy Officer Kazuki Yamamoto Operating Officer, Corporate Strategy and Management Unit, Responsible for Corporate Pl
Slide 2: Executive Summary
Executive Summary ✓ Net Income • Q1 Net Income was 280.8 Bln JPY (+173.5 Bln JPY YoY, 53% progress toward full-year target), record quarterly profits ✓ Stronger core earnings power and robust capital recycling • ORIX Europe (Robeco, etc.) grew asset management fees backed by AUM expansion, and Aircr
Slide 3: FY27.3: H1 Net Income Forecast
FY27.3: H1 Net Income Forecast ✓ Forecast estimated based on Toshiba's FY26.3 full-year financial results announced in May and subsequent fluctuations in KIOXIA's share price ✓ H1 Net Income forecast of 840.0 Bln JPY (after tax) includes: (1) Adjusted Profits (after tax) of 300.0 Bln JPY and (2) KIO
Slide 4: FY27.3: Full-year Net Income Forecast
FY27.3: Full-year Net Income Forecast ✓ KIOXIA Sale and Valuation Gains sensitivity: ±57.0 Bln JPY (after tax) per 10,000 JPY change in KIOXIA share price ✓ Despite FY27.3 H1 Net Income forecast of 840.0 Bln JPY, full-year forecast remains unchanged at 530.0 Bln JPY due to limited visibility on the
Slide 5: FY27.3: Revision of Dividend Policy
FY27.3: Revision of Dividend Policy ✓ Revised dividend policy to calculate dividends as 39% of Adjusted Profits (after tax); forecast interim DPS of 107.27 JPY ✓ FY 27.3 full-year dividend to be the higher of 39% payout ratio or the previous year’s dividend (156.10 JPY) KIOXIA Sale and Valuation Gai
Slide 6: Segment Profits: Four Segments - YoY Comparison
Segment Profits: Four Segments - YoY Comparison ✓ Three of four segments (excl. Infrastructure) increased profit YoY ✓ Infrastructure posted solid results excluding the absence of large investment gains recorded in FY26.3 Q1 Q1 Results (Bln JPY) Segment Profits YoY Major Factors KIOXIA Sale and Valu
Slide 7: Segment Assets: Four Segments
Segment Assets: Four Segments ✓ No significant change from end-FY26.3 except in USA & Europe Segment ✓ USA & Europe assets increased as loan executions increased at NXT, other businesses End-Q1 Results (Tln JPY) vs. end- Segment Assets & ROA FY26.3 Breakdown Major Factors 3.9% End- FY26.3 4.72 Japan
Slide 8: Category / Segment Matrix: FY27.3 Onward
Category / Segment Matrix: FY27.3 Onward Three Categories Finance Operation Investments (Recurring earnings, interest spread income) (All aspects of operation, including onsite) (Main area for capital recycling) Corporate Financial Services Corporate Financial Services Auto, Rentec (Financing busine
Slide 9: Pre-tax Profits: Three Categories – Progress and YoY Comparison
Pre-tax Profits: Three Categories (Finance, Operation, Investments) – Progress and YoY Comparison ✓ Segment Profits were 424.1 Bln JPY, up 268.8 Bln JPY YoY, reaching 61% of full-year forecast Q1 results (Bln JPY) Segment Profits (% Achieved) YoY Notes FY27.3 full-year • Insurance posted higher insu
Slide 10: Capital Recycling
Capital Recycling ✓ Q1 FY27.3 capital gains were 115.7 Bln JPY. In addition to sale of SUGIKO (SGK Holdings), steady progress in US PE exits ✓ Sale of ORIX Bank completed in Q2. Plan to actively pursue new domestic PE investments utilizing the joint fund with Qatar Investment Authority FY27.3 FY 202
Slide 11: Shareholder Returns
Shareholder Returns ✓ For FY27.3, DPS forecast of 187.36 JPY remains unchanged, with the interim DPS estimated at 107.27 JPY [Adjusted Profits (after tax) x 39%] ✓ Completed 78.4 Bln JPY of the 250.0 Bln JPY share buyback program as of end-July 2026 (31% progress) Dividend per Share and Dividend Pay
Slide 12: Supplementary Information
Supplementary Information 12 Copyright © ORIX Corporation All rights reserved.
Slide 13: Japan & APAC Segment
Japan & APAC Segment Segment Performance (Bln JPY) FY25.3 FY26.3 FY27.3 Earnings Environment Full-year Q1 Full-year Q1 YoY* ✓ Auto posted continued profit growth with increased lease originations while Segment Profits 207.8 52.2 256.9 289.8 +237.6 passing on price increases Segment Assets 4,575.7 4,
Slide 14: Corporate Financial Services, Auto, Rentec Unit
Click HERE to access Supplementary Financial Materials Click HERE to access Supplementary Financial Materials Click below to read more on Unit Details & Growth Strategy (View Integrated Report) Corporate Financial Services, Auto, Rentec Unit Corporate Financial Services ➢ Corporate Financial Service
Slide 15: PE Investment Unit
Click HERE to access Supplementary Financial Materials Click HERE to access Supplementary Financial Materials Click below to read more on Unit Details & Growth Strategy (View Integrated Report) PE Investment Unit ➢ PE Investment ✓ Currently invested in 17 companies (as of end-Jun 2026). Investment g
Slide 16: Asia-Pacific and Greater China Unit
Click HERE to access Supplementary Financial Materials Click HERE to access Supplementary Financial Materials Click below to read more on Unit Details & Growth Strategy (View Integrated Report) Asia-Pacific and Greater China Unit ➢ Asia-Pacific and Greater China ✓ Leasing primarily for industrial eq
Slide 17: Infrastructure Segment
Infrastructure Segment Segment Performance (Bln JPY) FY25.3 FY26.3 FY27.3 Earnings Environment Full-year Q1 Full-year Q1 YoY* Segment Profits 149.5 68.4 282.5 43.3 -25.1 ✓ Higher leasing revenue driven by strong charter market in Ships Segment Assets 3,498.0 3,448.5 3,575.1 3,567.3 -7.8 ROA 3.49% 5.
Slide 18: Infrastructure Segment
Infrastructure Segment Breakdown by Unit (Bln JPY) FY25.3 FY26.3 FY27.3 (Pre-tax profit) Notes (Q1 Results / As of end-Q1) Full-year Q1 Full-year Q1 YoY Daikyo <Real Estate Unit> 24.2 5.9 24.3 5.8 -0.1 Number of newly built condominiums sold: 264 (FY26.3 Results:1,331) Public Infrastructure <Real Es
Slide 19: Real Estate Unit
Click here to access "Area Development Plan of Osaka Integrated Resort" Click here to access “Creating New Value from Kansai” (Full Movie) Click HERE to access Supplementary Financial Materials Click HERE to access Supplementary Financial Materials Click below to read more on Unit Details & Growth S
Slide 20: Environment and Energy Unit
Click HERE to access Supplementary Financial Materials Click HERE to access Supplementary Financial Materials Click below to read more on Unit Details & Growth Strategy (View Integrated Report) Environment and Energy Unit ➢ Environment and Energy *Overview of Energy and Environment Business and Serv
Slide 21: Aircraft and Ships Unit
Click HERE to access Supplementary Financial Materials Click HERE to access Supplementary Financial Materials Click below to read more on Unit Details & Growth Strategy (View Integrated Report) Aircraft and Ships Unit ➢ Aircraft and Ships (As of end-June 2026) Aircraft (ORIX) Aircraft (Avolon) Ships
Slide 22: USA & Europe Segment
USA & Europe Segment Segment Performance (Bln JPY) FY25.3 FY26.3 FY27.3 Earnings Environment Full-year Q1 Full-year Q1 YoY* Segment Profits 84.3 10.6 64.0 63.0 +52.4 ✓ Profits up sharply on growth in asset management fees achieved through AUM Segment Assets 2,262.9 2,303.7 2,741.0 2,856.7 +115.7 exp
Slide 23: ORIX USA Unit
Click HERE to access Supplementary Financial Materials Click HERE to access Supplementary Financial Materials Click below to read more on Unit Details & Growth Strategy (View Integrated Report) ORIX USA Unit ➢ ORIX USA ✓ A broad, integrated private markets platform in the USA with a middle market fo
Slide 24: ORIX Europe Unit
Click HERE to access Supplementary Financial Materials Click HERE to access Supplementary Financial Materials Click below to read more on Unit Details & Growth Strategy (View Integrated Report) ORIX Europe Unit ➢ ORIX Europe ✓ Promoting asset management business including traditional equities, fixed
Slide 25: Insurance Segment
Click HERE to access Supplementary Financial Materials Click HERE to access Supplementary Financial Materials Click below to read more on Unit Details & Growth Strategy (View Integrated Report) Insurance Segment ➢ Insurance Segment Performance (Bln JPY) FY25.3 FY26.3 FY27.3 Earnings Environment Full
Slide 26: About ORIX Expertise in Business and Collective Capabilities of the Group
About ORIX Expertise in Business and Collective Capabilities of the Group ✓ ORIX will continue to enhance our expertise in finance and tangible assets as we synergistically expand our businesses 26 Copyright © ORIX Corporation All rights reserved.
Slide 27: About ORIX Proven Track Record of Profitability
About ORIX Proven Track Record of Profitability ✓ ORIX has been profitable for 61 straight years (Net Income Attributable to ORIX Corporation Shareholders) FY26.3 (Bln JPY) Record profits 500 FY21.3 COVID pandemic 450 400 FY09.3 Global financial 350 crisis 300 FY02.3 IT bubble bursts 250 FY98.3 Asia
Slide 28: In Summary From FY26.3 results presentation
In Summary From FY26.3 results presentation announced May 2026 ✓ Aim to achieve long-term vision through “business model transformation,” “portfolio optimization,” “new business creation,” and “sophisticated risk management” ✓ Made steady progress in FY26.3 (Year 1 of 3-year plan); in FY27.3 (Year 2
Slide 29: Key Initiatives for FY27.3
Key Initiatives for FY27.3 From FY26.3 results presentation announced May 2026 ✓ Will continue promoting three key initiatives for achieving long-term vision ✓ From FY27.3, have added business model transformation as new priority alongside transition to new management structure Key Initiatives for R
Slide 30: Comparison of Old and New Segments
Comparison of Old and New Segments | FY27.3 ~ Ten Segments (Old) Four Segments (New) Corporate Financial Services/ Corporate Financial Services / Corporate Financial Services/Auto/Rentec Maintenance Leasing Auto / Rentec Real Estate Investments and Operation Real Estate (including Osaka IR) / DAIKYO
Slide 31: FY26.3 Results: ROE and Shareholders' Equity (Three Categories)
FY26.3 Results: ROE and Shareholders’ Equity (Three Categories) From FY26.3 results presentation announced May 2026 ✓ FY26.3 ROE of 10.4%, up 1.6 pp vs. end-FY25.3 ✓ “Investments” and “Operation” categories, with capital recycling, led to improved ROE FY26.3 ROE Operation （FY26.3) Consolidated ROE：
Slide 32: FY26.3 Results: Profitability and Efficiency (Three Categories)
FY26.3 Results: Profitability and Efficiency (Three Categories) From FY26.3 results presentation announced May 2026 ✓ Finance: Maintains stable earnings capacity over the mid- to long-term ✓ Operation: ROA improved +1.0pp over 5 yrs (FY21.3: 2.5% → FY26.3: 3.5%); profitability improvement outpaced a
Slide 33: Capital Recycling Profit Growth
Capital Recycling Profit Growth ✓ Accelerating capital recycling model led to company-wide Net Income growth of 4.0x, CAGR of 11% (FY26.3 vs FY13.3) Yayoi RoadSafe Acquisition/ (Nippon Information Industry) new businesses Houlihan Lokey ORIX Living Yayoi ORIX Credit(partial stake) Greenko （partial s
Slide 34: Roadmap for Asset Management
(From FY25.3 results presentation announced in May 2025 Roadmap for Asset Management with some updates) ✓ Grow asset management fee income by capitalizing on origination capabilities, value enhancement model ✓ Expand AUM by proactively using third-party capital, primarily in private assets and real
Slide 35: ORIX Group - Asset Management Business
ORIX Group - Asset Management Business ✓ Expansion in asset management business centered around Europe and the US supports base profit growth ✓ Focus on management of diversified asset base, in addition to equities, fixed income, and alternative assets (Leading domestic manager of renewable energy,
Slide 36: Inbound Tourism
Click here to access “Creating New Value from Kansai” (Full Movie) Inbound Tourism Kansai 3 Airports – Passenger Count Aircraft lease rates (Source : IBA) (10K people) (USD thousands) Airbus A320neo 416 300 2025/8 : 2.60 Mln ppl 400 International 400 (Kansai Airport, Kobe Airport) 2026/6 : 1.92 Mln
Slide 37: Financial Strategy
Financial Strategy ✓ Maintained A-equivalent rating via ongoing capital recycling with a focus on capital efficiency ✓ Secured competitive funding costs by maintaining financial soundness Shareholders’ Equity / Credit Ratings Consolidated Balance Sheet and Financial Indicators (Bln JPY) Employed Cap
Slide 38: Human Capital and Business Growth
Human Capital and Business Growth (From FY25.3 results presentation announced in May 2025) ✓ ORIX’s approach to human capital management, a source of our competitive strength, has three components: instilling our core values, enhancing our core capabilities and providing a workplace in which people
Slide 39: ESG
ESG Scores by ESG Rating Agencies (as of June 29, 2026) ESG-related Key Goals (announced Nov 2021) 1. Outside directors to account for over half of the composition of the ORIX Group ESG Rating Agency Rating/Scores Board of Directors by the General Meeting of Shareholders set to be held in June 2023.
Slide 40: ORIX Investor Day 2026
Link to "ORIX Investor Day 2026" Link to "ORIX Investor Day 2026" ORIX Investor Day 2026 40 Copyright © ORIX Corporation All rights reserved.
Slide 41: Disclaimer
Disclaimer ◼ These materials have been prepared by ORIX Corporation (“ORIX” or the “Company”) solely for your information and are subject to change without notice. The information contained in these materials has not been independently verified and its accuracy is not guaranteed. No representations,
Slide 42: ORIX Corporation
For the current IR materials and archives of past financial data, please access our website. IR Section https://www.orix.co.jp/grp/en/ir/ IR Library https://www.orix.co.jp/grp/en/ir/library/ ORIX Corporation Investor Relations Department Tel: +81-3-3435-3121