ORIX Corporation (IX) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for joining this telephone conference of Oryx Corporation for first quarter financial results for this. three-month period ended June 30th, 2025. I am Nakane from IR. We have today, as an attendee, Ikazuki Yamamoto, operating officer in charge of investor relations. Yamamoto-san will explain, and this will be followed by Q&A. We plan to have a one-hour session, so over to you, Yamamoto-san. Thank you very much for taking the time to attend the Oryx Group's earnings call today. I'm operating officer in charge of corporate planning and IR. I am Kazuki Yamamoto. Let me quickly explain the financial results for the first quarter of fiscal year ending March 2026. On page 2, you can see this page contains the key points I want to cover today. The first point is net income and ROE. Net income for the first quarter was 107.3 billion yen, an increase of 20.6 billion year-on-year, with an annualized ROE of 10.4. Against the annual forecast, 380 billion, progress rate was 28.2%. As was announced in July, we plan to record gains from the sale of Greenco and Oryx Asset Management and Loan Services Corporation in the second quarter, and earnings are favorable. Meanwhile, considering the increasing macroeconomic uncertainty, it is necessary to carefully review our planned H2 exits and second half performance in line with the market. While we expect earnings to be more heavily skewed to H2, we are currently undertaking a thorough review of full-year net income target. Second is pre-tax profit and capital recycling. Pre-tax profit was ¥155.5 billion, An increase of 35.3 billion from last year. Finance, operation and investments in all three categories saw profit increases year on year. Investments. including the hotel universal port vita and other valuation gains from liste...