ORIX Corporation (IX) Q1 2027 Earnings Call

Investor webinar replay

Replay transcript excerpt

It's time to start the meeting. Thank you for joining this conference of RX Corporation for first quarter. Consulted financial results for the three-month period ended June 30th, 2026. I'll be the master of the ceremony. My name is Tomioka with IR. Thank you. The attendees at this conference are Masataka Yamada, Senior Managing Executive Officer, Chief Financial Officer and Chief Strategy Officer, and Kazuki Yamamoto, Operating Officer, responsible for investor relations. Both Yamada and Yamamoto will provide you with explanation, which will be followed by Q&A. The whole meeting should last approximately one hour. Now we would like to hand over to Yamada-san. Thank you very much for taking time out of your busy schedule to attend the Oryx Group Financial Results Briefing today. I'm Masataka Yamada, Oryx Group CFO and CSO. Without further ado, I'd like to explain the financial results for the first quarter of FY2027. First, please turn to page 2 of the presentation deck. The points we would like to convey at today's briefings are the following three points. Net income is the first. Stronger core earnings power and robust capital recycling. And the third, first half earnings forecast and dividend policy. I will explain the first and the third points, and then Operating Officer Yamamoto, who oversees IR, will explain the second point. The first point is net income. Net income for the first quarter was 280.8 billion yen, an increase of 173.5 billion yen year over year, marking the highest quarterly profit on record. Progress against the full-year net income forecast of 530 billion yen was 53%. Gains related to the sales and valuation gains on Kioxia shares held by Toshiba, one of our investees, contributed significantly. The second point is Oryx's stronger core earnings ...