Orix Corporation TSE:8591

ORIX : Financial Results Supplementary Information

Published

Source: MarketScreener

Consolidated Financial Results Supplementary Information for the Nine-months Ended December 31, 2025

ORIX Corporation

(NYSE: IX; TSE: 8591)

February 9, 2026

Financial Highlights and Financial Indicators

(Millions of yen)

Financial Highlights

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Total Revenues

2,814,361

708,139

695,494

750,851

2,154,484

720,337

2,874,821

768,641

795,856

844,413

2,408,910

Income before Income Taxes

469,975

120,169

136,822

126,386

383,377

97,086

480,463

155,480

236,002

176,237

567,719

Net Income Attributable to ORIX Corporation Shareholders

346,132

86,735

96,211

88,831

271,777

79,853

351,630

107,288

163,808

118,579

389,675

Total Assets

16,322,100

16,502,363

16,339,977

16,917,024

16,917,024

16,866,251

16,866,251

17,000,280

17,604,283

18,125,609

18,125,609

Total Liabilities

12,297,490

12,343,084

12,358,564

12,743,540

12,743,540

12,691,036

12,691,036

12,773,412

13,034,239

13,401,785

13,401,785

Total ORIX Corporation Shareholders' Equity

3,941,466

4,073,643

3,902,197

4,086,346

4,086,346

4,089,782

4,089,782

4,145,509

4,441,677

4,584,992

4,584,992

Financial Indicators (1)

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Return on Equity (ROE)

Return on Assets (ROA)

9.2%

2.19%

8.7%

2.11%

9.3%

2.24%

9.0%

2.18%

9.0%

2.18%

8.8%

2.12%

8.8%

2.12%

10.4%

2.53%

12.7%

3.15%

12.0%

2.97%

12.0%

2.97%

※ All of the above are calculated using accumulated Net Income Attributable to ORIX Corporation Shareholders.

Financial Indicators (2)

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Shareholders' Equity Ratio

24.1%

24.7%

23.9%

24.2%

24.2%

24.2%

24.2%

24.4%

25.2%

25.3%

25.3%

Debt-to-Equity Ratio (times)

(Short- and Long-Term Debt+Deposits)/Shareholders' Equity

2.1

2.1

2.2

2.2

2.2

2.1

2.1

2.2

2.1

2.0

2.0

(Short- and Long-Term Debt)/Shareholders' Equity

1.6

1.6

1.6

1.6

1.6

1.5

1.5

1.5

1.5

1.5

1.5

Shareholders' Equity Per Share (yen)

3,422.94

3,547.40

3,418.59

3,596.60

3,596.60

3,599.24

3,599.24

3,672.65

3,982.69

4,142.46

4,142.46

Basic EPS (yen)

298.55

75.40

84.03

78.03

237.46

70.28

307.74

94.63

146.03

106.65

347.14

Diluted EPS (yen)

298.05

75.28

83.88

77.88

237.03

70.14

307.16

94.44

145.70

106.41

346.39

Number of Employees

33,807

34,051

33,691

33,796

33,796

33,982

33,982

34,612

35,654

37,315

37,315

※ Shareholders' Equity Ratio, Debt-to-Equity Ratio and Shareholders' Equity Per Share are calculated using Total ORIX Corporation Shareholders' Equity.

Segment Information

(Millions of yen)

Segment

Segment Information

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Corporate Financial Services and Maintenance Leasing

Segment Profits Segment Assets

Segment Asset ROA

83,244

1,777,320

3.22%

19,797

1,778,938

3.05%

25,769

1,806,160

3.48%

20,648

1,840,241

3.34%

66,214

1,840,241

3.34%

24,115

1,884,565

3.38%

90,329

1,884,565

3.38%

23,568

1,869,979

3.44%

35,072

1,855,316

4.30%

21,541

1,874,478

3.90%

80,181

1,874,478

3.90%

Real Estate

Segment Profits Segment Assets

Segment Asset ROA

67,055

1,110,087

4.25%

13,954

1,098,352

3.46%

36,403

1,111,185

6.21%

9,299

1,152,116

4.82%

59,656

1,152,116

4.82%

10,885

1,158,293

4.26%

70,541

1,158,293

4.26%

35,866

1,151,872

8.51%

13,228

1,160,346

5.80%

7,781

1,202,543

4.40%

56,875

1,202,543

4.40%

PE Investment and Concession

Segment Profits Segment Assets

Segment Asset ROA

43,967

1,066,647

3.29%

32,027

967,177

8.99%

14,970

988,286

6.68%

19,184

981,845

6.35%

66,181

981,845

6.35%

32,691

1,022,944

6.96%

98,872

1,022,944

6.96%

24,004

1,054,540

6.86%

32,653

1,054,794

8.03%

37,299

1,150,598

8.47%

93,956

1,150,598

8.47%

Environment and Energy

Segment Profits Segment Assets

Segment Asset ROA

38,072

976,434

2.80%

(482)

1,015,383

(0.13)%

2,828

1,046,312

0.32%

10,819

955,021

1.25%

13,165

955,021

1.25%

(18,088)

1,016,175

(0.34)%

(4,923)

1,016,175

(0.34)%

17,944

992,589

4.90%

101,741

977,372

16.45%

2,532

1,005,058

11.05%

122,217

1,005,058

11.05%

Insurance

Segment Profits Segment Assets

Segment Asset ROA

70,826

2,921,927

1.83%

21,944

2,884,353

2.17%

18,913

2,901,167

2.02%

20,878

3,005,315

2.00%

61,735

3,005,315

2.00%

12,664

3,009,234

1.80%

74,399

3,009,234

1.80%

24,063

3,047,702

2.29%

26,793

3,140,645

2.38%

23,285

3,202,971

2.29%

74,141

3,202,971

2.29%

Banking and Credit

Segment Profits Segment Assets

Segment Asset ROA

97,353

2,934,217

2.27%

6,398

2,876,149

0.60%

6,709

2,921,424

0.61%

8,978

3,060,801

0.67%

22,085

3,060,801

0.67%

7,206

3,144,571

0.66%

29,291

3,144,571

0.66%

9,939

3,216,471

0.86%

2,590

3,253,617

0.54%

7,378

3,259,870

0.57%

19,907

3,259,870

0.57%

Aircraft and Ships

Segment Profits Segment Assets

Segment Asset ROA

44,366

1,169,641

3.99%

11,764

1,304,929

3.25%

20,247

1,221,976

4.40%

12,587

1,325,638

4.06%

44,598

1,325,638

4.06%

22,822

1,231,973

4.83%

67,420

1,231,973

4.83%

9,882

1,208,440

2.97%

12,070

1,256,054

3.17%

26,667

1,278,510

4.44%

48,619

1,278,510

4.44%

ORIX USA

Segment Profits

Segment Assets Segment Asset ROA

27,931

1,694,484

1.33%

11,835

1,767,645

2.16%

4,772

1,540,075

1.62%

11,229

1,694,017

1.73%

27,836

1,694,017

1.73%

12,079

1,593,939

1.92%

39,915

1,593,939

1.92%

648

1,588,197

0.13%

(2,451)

1,917,168

(0.16)%

15,785

2,085,567

0.80%

13,982

2,085,567

0.80%

ORIX Europe

Segment Profits

Segment Assets Segment Asset ROA

41,638

662,139

4.85%

11,154

702,894

4.84%

9,643

662,997

4.65%

17,344

715,603

5.47%

38,141

715,603

5.47%

6,232

669,306

4.94%

44,373

669,306

4.94%

9,946

716,077

4.26%

12,133

719,789

4.72%

25,226

796,913

6.38%

47,305

796,913

6.38%

Asia and Australia

Segment Profits Segment Assets

Segment Asset ROA

47,069

1,709,233

2.21%

8,883

1,802,887

1.50%

10,241

1,707,973

1.66%

8,780

1,747,909

1.59%

27,904

1,747,909

1.59%

6,547

1,725,627

1.50%

34,451

1,725,627

1.50%

9,007

1,712,608

1.55%

10,686

1,741,117

1.68%

19,568

1,851,494

2.17%

39,261

1,851,494

2.17%

Total

Segment Profits

Segment Assets

561,521

16,022,129

137,274

16,198,707

150,495

15,907,555

139,746

16,478,506

427,515

16,478,506

117,153

16,456,627

544,668

16,456,627

164,867

16,558,475

244,515

17,076,218

187,062

17,708,002

596,444

17,708,002

Adjustment of Segment Profits to Consolidated Statement

Amounts

(91,546)

(17,105)

(13,673)

(13,360)

(44,138)

(20,067)

(64,205)

(9,387)

(8,513)

(10,825)

(28,725)

Income before Income Taxes

469,975

120,169

136,822

126,386

383,377

97,086

480,463

155,480

236,002

176,237

567,719

Return on Segment Assets (ROA)

2.25%

2.15%

2.29%

2.23%

2.23%

2.17%

2.17%

2.60%

3.23%

3.04%

3.04%

※ Segment Asset ROA is calculated using accumulated Segment Profits (after tax).

※ Return on Segment Assets (ROA) is calculated using accumulated Net Income Attributable to ORIX Corporation Shareholders.

※ Since the first quarter of fiscal 2025, the interest expense allocation method for each segment was partially changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

※ Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, restricted cash, allowance for credit losses, trade notes, accounts and other receivables, office facilities, and others. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

Segment Asset Details

2024.3 (Millions of yen)

Assets by Segment

Corporate Financial Services and Maintenance

Leasing

Real Estate

PE Investment and Concession

Environment and Energy

Insurance

Banking and Credit

Aircraft and Ships

ORIX USA

ORIX Europe

Asia and Australia

Total

Net Investment in Leases

567,735

51,978

1,238

3,104

-

-

-

505

-

530,426

1,154,986

Installment Loans

346,840

52

115,629

2,255

11,792

2,378,183

60,468

699,384

-

343,936

3,958,539

Investment in Operating Leases

535,655

278,191

56,286

250

26,876

-

557,867

9,858

-

395,573

1,860,556

Investment in Securities

36,683

4,036

36,729

571

2,236,495

311,237

11,960

509,172

82,568

33,520

3,262,971

Property under Facility Operations and Servicing Assets

17,404

165,387

41,416

453,252

-

-

-

79,747

-

1,849

759,055

Inventories

928

174,990

47,553

2,463

-

-

733

159

-

224

227,050

Advances for Finance Lease and Operating Lease

3,400

114,649

5

-

-

-

9,232

-

-

3,017

130,303

Equity method investments

14,984

143,751

118,310

219,018

29,742

43,601

399,061

61,415

11,907

271,682

1,313,471

Advances for Property under Facility Operations

-

8,183

4,466

44,962

-

-

-

-

-

-

57,611

Goodwill, Intangible Assets Acquired in Business Combinations

28,693

52,898

351,202

121,174

4,452

-

19,114

176,785

364,773

7,313

1,126,404

Other assets *

224,998

115,972

293,813

129,385

612,570

201,196

111,206

157,459

202,891

121,693

2,171,183

Total

1,777,320

1,110,087

1,066,647

976,434

2,921,927

2,934,217

1,169,641

1,694,484

662,139

1,709,233

16,022,129

2025.3 (Millions of yen)

Assets by Segment

Corporate Financial Services and Maintenance

Leasing

Real Estate

PE Investment and Concession

Environment and Energy

Insurance

Banking and Credit

Aircraft and Ships

ORIX USA

ORIX Europe

Asia and Australia

Total

Net Investment in Leases

569,380

45,810

1,640

2,092

-

-

-

451

-

547,966

1,167,339

Installment Loans

424,370

30

124,411

3,609

12,805

2,511,736

36,119

652,805

-

315,128

4,081,013

Investment in Operating Leases

557,625

311,377

46,796

237

26,167

-

599,813

21,260

-

394,764

1,958,039

Investment in Securities

29,690

6,209

6,117

32,032

2,234,453

305,441

9,387

487,022

86,008

37,768

3,234,127

Property under Facility Operations and Servicing Assets

43,857

175,153

53,832

487,241

-

-

28

76,469

-

1,844

838,424

Inventories

433

182,652

41,021

2,551

-

-

1,588

137

-

615

228,997

Advances for Finance Lease and Operating Lease

6,177

78,044

3

-

-

-

27,816

-

-

4,833

116,873

Equity method investments

16,375

177,956

148,274

170,946

35,865

43,934

402,567

54,817

8,578

260,395

1,319,707

Advances for Property under Facility Operations

143

7,401

728

70,081

-

-

-

-

-

51

78,404

Goodwill, Intangible Assets Acquired in Business Combinations

25,268

50,801

331,003

120,743

4,452

-

43,024

171,884

354,801

6,986

1,108,962

Other assets

211,247

122,860

269,119

126,643

695,492

283,460

111,631

129,094

219,919

155,277

2,324,742

Total

1,884,565

1,158,293

1,022,944

1,016,175

3,009,234

3,144,571

1,231,973

1,593,939

669,306

1,725,627

16,456,627

2025.12 (Millions of yen)

Assets by Segment

Corporate Financial Services and Maintenance

Leasing

Real Estate

PE Investment and Concession

Environment and Energy

Insurance

Banking and Credit

Aircraft and Ships

ORIX USA

ORIX Europe

Asia and Australia

Total

Net Investment in Leases

589,008

40,667

1,222

1,889

-

-

12,254

437

-

610,397

1,255,874

Installment Loans

391,093

17

131,176

5,410

14,370

2,642,515

21,703

819,477

-

289,885

4,315,646

Investment in Operating Leases

599,100

345,162

46,821

228

25,907

-

611,853

31,000

-

466,696

2,126,767

Investment in Securities

31,715

10,488

10,149

152,459

2,306,121

160,041

4,838

548,950

103,314

53,462

3,381,537

Property under Facility Operations and Servicing Assets

42,289

155,954

82,387

490,696

-

-

25

81,236

-

2,098

854,685

Inventories

552

210,063

43,401

3,966

-

-

1,203

466

-

315

259,966

Advances for Finance Lease and Operating Lease

1,874

61,979

18

-

-

-

24,855

-

-

5,876

94,602

Equity method investments

8,478

210,638

216,766

9,664

44,095

44,270

433,424

77,924

5,799

251,703

1,302,761

Advances for Property under Facility Operations

5

7,726

4,912

89,042

-

-

-

-

-

3

101,688

Goodwill, Intangible Assets Acquired in Business Combinations

24,612

49,228

352,623

114,513

4,452

-

59,083

344,193

397,381

7,179

1,353,264

Other assets

185,752

110,621

261,123

137,191

808,026

413,044

109,272

181,884

290,419

163,880

2,661,212

Total

1,874,478

1,202,543

1,150,598

1,005,058

3,202,971

3,259,870

1,278,510

2,085,567

796,913

1,851,494

17,708,002

* Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, restricted cash, allowance for credit losses, trade notes, accounts and other receivables, office facilities, and others. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

Corporate Financial Services and Maintenance Leasing (1)

(Millions of yen)

Segment Income Statement Data

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Finance revenues

61,428

15,219

15,671

15,662

46,552

16,719

63,271

18,002

17,583

16,660

52,245

Gains on investment securities and dividends

2,626

1,277

183

1,073

2,533

114

2,647

1,636

762

(403)

1,995

Operating leases

266,871

68,382

71,477

71,653

211,512

70,921

282,433

73,661

76,729

76,350

226,740

Sales of goods and real estate

3,934

881

931

1,038

2,850

1,352

4,202

1,046

974

1,465

3,485

Services income

110,100

26,698

28,085

26,070

80,853

27,293

108,146

27,605

26,606

27,258

81,469

Total Segment Revenues :

444,959

112,457

116,347

115,496

344,300

116,399

460,699

121,950

122,654

121,330

365,934

Interest expense *

5,418

1,572

1,706

1,890

5,168

2,138

7,306

2,749

2,917

3,071

8,737

Costs of operating leases

192,850

48,810

50,068

50,713

149,591

51,695

201,286

51,172

52,437

53,221

156,830

Costs of goods and real estate sold

3,234

725

764

783

2,272

1,063

3,335

851

780

1,177

2,808

Services expense

58,896

14,733

14,789

14,754

44,276

13,096

57,372

15,038

14,540

16,337

45,915

Other (income) and expense

14,896

4,294

4,463

4,390

13,147

5,158

18,305

5,808

4,382

4,200

14,390

Selling, general and administrative expenses

88,621

22,790

22,261

21,859

66,910

22,689

89,599

23,530

21,456

21,564

66,550

Provision for credit losses, and write-downs of long-lived

assets and securities

960

176

884

664

1,724

475

2,199

135

474

266

875

Total Segment Expenses :

364,875

93,100

94,935

95,053

283,088

96,314

379,402

99,283

96,986

99,836

296,105

Equity in Net income (Loss) of equity method investments

and others

3,160

440

4,357

205

5,002

4,030

9,032

901

9,404

47

10,352

Segment Profits

83,244

19,797

25,769

20,648

66,214

24,115

90,329

23,568

35,072

21,541

80,181

* Since the first quarter of fiscal 2025, the interest expense allocation method for each segment was partially changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

(Millions of yen)

Segment Profits

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Corporate Financial Services

22,496

4,368

9,047

4,500

17,915

10,566

28,481

6,403

14,898

3,153

24,454

Auto

46,251

12,702

13,735

12,432

38,869

9,513

48,382

12,913

15,488

13,336

41,737

Rentec

14,497

2,727

2,987

3,716

9,430

4,036

13,466

4,252

4,686

5,052

13,990

Total Segment Profits

83,244

19,797

25,769

20,648

66,214

24,115

90,329

23,568

35,072

21,541

80,181

Corporate Financial Services and Maintenance Leasing (2)

(Millions of yen)

Segment Assets

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

Net Investment in Leases

567,735

563,901

561,576

576,094

569,380

569,247

569,392

589,008

Installment Loans

346,840

347,392

363,951

371,044

424,370

413,787

397,929

391,093

Investment in Operating Leases

535,655

537,315

545,046

560,999

557,625

567,613

583,204

599,100

Investment in Securities

36,683

30,044

29,834

29,361

29,690

30,666

32,341

31,715

Property under Facility Operations

17,404

17,485

17,281

16,947

43,857

43,297

43,219

42,289

Inventories

928

1,066

621

504

433

379

643

552

Advances for Finance Lease and Operating Lease

3,400

3,347

3,218

3,710

6,177

5,116

5,242

1,874

Equity method investments

14,984

14,740

14,676

15,829

16,375

16,769

8,338

8,478

Advances for Property under Facility Operations

-

-

-

-

143

158

19

5

Goodwill, Intangible Assets Acquired in Business

Combinations

28,693

28,497

25,971

25,825

25,268

25,104

24,774

24,612

Other assets *

224,998

235,151

243,986

239,928

211,247

197,843

190,215

185,752

Total Segment Assets

1,777,320

1,778,938

1,806,160

1,840,241

1,884,565

1,869,979

1,855,316

1,874,478

* Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, restricted cash, allowance for credit losses, trade notes, accounts and other receivables, office facilities, and others. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

(Millions of yen)

Segment Assets

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

Corporate Financial Services

783,434

774,160

788,706

800,850

846,107

808,913

772,517

768,011

Auto

794,625

800,481

806,967

816,851

807,220

821,452

830,457

842,439

Rentec

199,261

204,297

210,487

222,540

231,238

239,614

252,342

264,028

Total Segment Assets

1,777,320

1,778,938

1,806,160

1,840,241

1,884,565

1,869,979

1,855,316

1,874,478

(Thousand Autos)

Automobile Operations

2024.3

2024.9

2025.3

2025.9

Number of Automobiles Under Management in Japan

1,429

1,422

1,428

1,408

Real Estate (1)

(Millions of yen)

Segment Income Statement Data

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Finance revenues

6,134

1,263

1,204

1,141

3,608

1,252

4,860

1,157

1,282

1,256

3,695

Gains on investment securities and dividends

857

143

702

109

954

328

1,282

515

588

729

1,832

Operating leases

50,205

13,551

24,291

10,949

48,791

12,530

61,321

13,629

12,071

9,404

35,104

Sales of goods and real estate

111,013

33,275

28,518

16,698

78,491

29,368

107,859

43,513

21,452

21,859

86,824

Services income

303,483

69,111

88,121

81,161

238,393

84,065

322,458

98,145

81,502

85,538

265,185

Total Segment Revenues :

471,692

117,343

142,836

110,058

370,237

127,543

497,780

156,959

116,895

118,786

392,640

Interest expense *

3,016

575

597

650

1,822

794

2,616

1,219

1,347

1,467

4,033

Costs of operating leases

24,972

6,087

5,854

6,046

17,987

6,180

24,167

6,208

6,016

6,115

18,339

Costs of goods and real estate sold

90,931

25,939

23,850

14,573

64,362

25,231

89,593

36,189

18,793

20,301

75,283

Services expense

248,195

59,750

65,309

68,095

193,154

71,798

264,952

65,437

67,977

71,781

205,195

Other (income) and expense

722

266

437

579

1,282

382

1,664

293

(3,307)

525

(2,489)

Selling, general and administrative expenses

41,542

10,853

10,020

10,630

31,503

11,902

43,405

12,039

10,956

11,019

34,014

Provision for credit losses, and write-downs of long-lived assets and securities

1,285

(28)

88

1

61

3,037

3,098

28

110

658

796

Total Segment Expenses :

410,663

103,442

106,155

100,574

310,171

119,324

429,495

121,413

101,892

111,866

335,171

Equity in Net income (Loss) of equity method investments and others

6,026

53

(278)

(185)

(410)

2,666

2,256

320

(1,775)

861

(594)

Segment Profits

67,055

13,954

36,403

9,299

59,656

10,885

70,541

35,866

13,228

7,781

56,875

* Since the first quarter of fiscal 2025, the interest expense allocation method for each segment was partially changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

(Millions of yen)

Segment Profits

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

RE Investment and Facilities Operation

DAIKYO

44,095

22,960

7,333

6,621

31,189

5,214

6,318

2,981

44,840

14,816

1,526

9,359

46,366

24,175

29,999

5,867

5,285

7,943

4,817

2,964

40,101

16,774

Total Segment Profits

67,055

13,954

36,403

9,299

59,656

10,885

70,541

35,866

13,228

7,781

56,875

(Millions of yen)

Services income

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Revenues from real estate management and contract work

206,104

48,269

53,876

56,129

158,274

60,994

219,268

49,798

53,103

56,867

159,768

Facilities operation

86,193

18,822

31,691

22,117

72,630

20,033

92,663

46,085

26,035

26,522

98,642

Other

11,186

2,020

2,554

2,915

7,489

3,038

10,527

2,262

2,364

2,149

6,775

Total Services income

303,483

69,111

88,121

81,161

238,393

84,065

322,458

98,145

81,502

85,538

265,185

(Millions of yen)

Gains on sales

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Gains on Rental Property Sales (included in Operating leases) Gains on sales of property under operations (included in Services income) Gains on sales (included in Equity in Net Income (Loss) of equity method

investments) and others

20,488

11,204

4,758

6,277

-

41

16,980

10,510

692

3,147

(1)

108

26,404

10,509

841

4,769

1

661

31,173

10,510

1,502

5,864

22,101

361

4,175

-

587

1,482

4

529

11,521

22,105

1,477

Total Gains on sales

36,450

6,318

28,182

3,254

37,754

5,431

43,185

28,326

4,762

2,015

35,103

Real Estate (2)

(Millions of yen)

Segment Assets

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

Net Investment in Leases

51,978

50,558

48,277

46,400

45,810

44,061

42,489

40,667

Installment Loans

52

47

41

35

30

24

21

17

Investment in Operating Leases

278,191

317,510

315,784

307,094

311,377

333,797

329,729

345,162

Investment in Securities

4,036

1,750

1,623

6,018

6,209

9,286

10,042

10,488

Property under Facility Operations

165,387

163,274

160,902

173,430

175,153

160,134

158,463

155,954

Inventories

174,990

171,235

168,672

179,616

182,652

168,550

192,716

210,063

Advances for Finance Lease and Operating Lease

114,649

80,784

76,221

82,438

78,044

61,509

66,865

61,979

Equity method investments

143,751

147,873

173,186

179,820

177,956

189,120

206,442

210,638

Advances for Property under Facility Operations

8,183

9,810

10,787

7,829

7,401

7,469

7,578

7,726

Goodwill, Intangible Assets Acquired in Business Combinations

52,898

52,374

51,850

51,325

50,801

50,276

49,752

49,228

Other assets *

115,972

103,137

103,842

118,111

122,860

127,646

96,249

110,621

Total Segment Assets

1,110,087

1,098,352

1,111,185

1,152,116

1,158,293

1,151,872

1,160,346

1,202,543

* Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, restricted cash, allowance for credit losses, trade notes, accounts and other receivables, office facilities, and others. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

(Millions of yen)

Segment Assets

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

RE Investment and Facilities Operation

DAIKYO

709,054

401,033

705,318

393,034

711,649

399,536

736,732

415,384

755,478

402,815

774,950

376,922

763,927

396,419

781,612

420,931

Total Segment Assets

1,110,087

1,098,352

1,111,185

1,152,116

1,158,293

1,151,872

1,160,346

1,202,543

(Billions of yen)

Asset Management Business AUM

2024.3

2024.9

2025.3

2025.9

ORIX Asset Management Corporation

ORIX Real Estate Investment Advisors Corporation

725.6

900.2

723.0

945.0

756.6

1,001.6

761.9

1,000.5

End of Period Total AUM

1,625.8

1,668.0

1,758.2

1,762.4

(Millions of yen)

Asset Management Business Revenues

2023.4-2024.3

2024.4-9

2024.4-2025.3

2025.4-9

ORIX Asset Management Corporation

ORIX Real Estate Investment Advisors Corporation

3,909

6,619

1,719

2,009

3,569

5,775

1,742

2,182

Total Revenues

10,528

3,728

9,344

3,924

PE Investment and Concession (1)

(Millions of yen)

Segment Income Statement Data

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Finance revenues

6,679

2,966

3,012

3,114

9,092

3,048

12,140

3,202

3,231

3,389

9,822

Gains on investment securities and dividends

1,207

331

255

137

723

128

851

269

206

644

1,119

Operating leases

41,529

10,343

10,262

10,829

31,434

11,264

42,698

8,606

8,886

9,320

26,812

Sales of goods and real estate

249,085

64,185

58,199

61,562

183,946

69,023

252,969

63,889

71,082

79,014

213,985

Services income

80,668

16,121

15,352

16,012

47,485

21,788

69,273

18,662

19,462

21,155

59,279

Total Segment Revenues :

379,168

93,946

87,080

91,654

272,680

105,251

377,931

94,628

102,867

113,522

311,017

Interest expense *

2,978

817

838

958

2,613

1,220

3,833

1,182

1,254

1,452

3,888

Costs of operating leases

26,244

6,544

6,528

6,771

19,843

6,546

26,389

5,620

5,739

5,653

17,012

Costs of goods and real estate sold

168,404

44,658

40,293

42,414

127,365

46,287

173,652

44,685

50,227

56,086

150,998

Services expense

58,677

11,169

10,759

11,121

33,049

15,841

48,890

12,569

13,294

14,425

40,288

Other (income) and expense

(2,330)

(114)

(335)

148

(301)

10,923

10,622

(4,031)

4

(38)

(4,065)

Selling, general and administrative expenses

89,864

21,015

22,179

20,250

63,444

24,926

88,370

22,690

21,628

22,561

66,879

Provision for credit losses, and write-downs of long-lived

assets and securities

366

39

54

16

109

1,634

1,743

913

23

16

952

Total Segment Expenses :

344,203

84,128

80,316

81,678

246,122

107,377

353,499

83,628

92,169

100,155

275,952

Equity in Net income (Loss) of equity method investments

and others

9,002

22,209

8,206

9,208

39,623

34,817

74,440

13,004

21,955

23,932

58,891

Segment Profits

43,967

32,027

14,970

19,184

66,181

32,691

98,872

24,004

32,653

37,299

93,956

* Since the first quarter of fiscal 2025, the interest expense allocation method for each segment was partially changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

(Millions of yen)

Segment Profits

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

PE Investment

Concession

38,496

5,471

29,119

2,908

11,139

3,831

14,968

4,216

55,226

10,955

27,859

4,832

83,085

15,787

19,638

4,366

27,759

4,894

31,782

5,517

79,179

14,777

Total Segment Profits

43,967

32,027

14,970

19,184

66,181

32,691

98,872

24,004

32,653

37,299

93,956

PE Investment and Concession (2)

(Millions of yen)

Segment Assets

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

Net Investment in Leases

1,238

1,186

1,064

1,247

1,640

1,486

1,375

1,222

Installment Loans

115,629

117,472

119,949

121,886

124,411

126,392

129,094

131,176

Investment in Operating Leases

56,286

57,483

57,463

57,864

46,796

46,835

46,504

46,821

Investment in Securities

36,729

6,982

9,182

6,041

6,117

6,143

6,371

10,149

Property under Facility Operations

41,416

32,820

32,730

29,673

53,832

64,107

66,860

82,387

Inventories

47,553

39,147

42,333

42,013

41,021

40,484

41,897

43,401

Advances for Finance Lease and Operating Lease

5

9

4

11

3

3

39

18

Equity method investments

118,310

122,029

129,267

138,788

148,274

169,499

190,703

216,766

Advances for Property under Facility Operations

4,466

71

113

146

728

2,292

3,383

4,912

Goodwill, Intangible Assets Acquired in Business Combinations

351,202

339,591

343,976

346,065

331,003

339,675

337,643

352,623

Other assets *

293,813

250,387

252,205

238,111

269,119

257,624

230,925

261,123

Total Segment Assets

1,066,647

967,177

988,286

981,845

1,022,944

1,054,540

1,054,794

1,150,598

* Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, restricted cash, allowance for credit losses, trade notes, accounts and other receivables, office facilities, and others. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

(Millions of yen)

Segment Assets

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

PE Investment

Concession

1,031,834

34,813

929,488

37,689

947,294

40,992

936,999

44,846

973,723

49,221

1,000,965

53,575

996,918

57,876

1,087,398

63,200

Total Segment Assets

1,066,647

967,177

988,286

981,845

1,022,944

1,054,540

1,054,794

1,150,598

Environment and Energy (1)

(Millions of yen)

Segment Income Statement Data

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Finance revenues

1,478

294

322

279

895

507

1,402

276

3,496

4,108

7,880

Gains on investment securities and dividends

1,784

(10)

2

3,471

3,463

(335)

3,128

4,713

15,379

463

20,555

Operating leases

79

20

19

20

59

20

79

21

27

20

68

Sales of goods and real estate

3,771

701

780

851

2,332

975

3,307

689

845

712

2,246

Services income

158,486

37,593

49,241

43,002

129,836

48,269

178,105

43,632

45,663

39,002

128,297

Total Segment Revenues :

165,598

38,598

50,364

47,623

136,585

49,436

186,021

49,331

65,410

44,305

159,046

Interest expense *

11,093

3,113

3,098

2,924

9,135

4,035

13,170

3,285

3,661

4,276

11,222

Costs of operating leases

18

5

4

5

14

4

18

5

4

5

14

Costs of goods and real estate sold

2,236

389

447

458

1,294

492

1,786

442

580

377

1,399

Services expense

110,106

27,155

38,550

34,391

100,096

36,022

136,118

30,743

34,942

32,720

98,405

Other (income) and expense

(4,633)

175

387

941

1,503

(1,057)

446

(5,857)

608

(2,025)

(7,274)

Selling, general and administrative expenses

18,670

5,205

5,623

5,691

16,519

6,063

22,582

6,563

6,312

6,181

19,056

Provision for credit losses, and write-downs of long-lived

assets and securities

151

22

216

20

258

20,315

20,573

3

332

267

602

Total Segment Expenses :

137,641

36,064

48,325

44,430

128,819

65,874

194,693

35,184

46,439

41,801

123,424

Equity in Net income (Loss) of equity method investments

and others

10,115

(3,016)

789

7,626

5,399

(1,650)

3,749

3,797

82,770

28

86,595

Segment Profits

38,072

(482)

2,828

10,819

13,165

(18,088)

(4,923)

17,944

101,741

2,532

122,217

* Since the first quarter of fiscal 2025, the interest expense allocation method for each segment was partially changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

Environment and Energy (2)

(Millions of yen)

Segment Assets

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

Net Investment in Leases

3,104

2,835

2,436

2,556

2,092

1,984

1,838

1,889

Installment Loans

2,255

2,407

2,784

2,607

3,609

4,082

4,884

5,410

Investment in Operating Leases

250

245

243

238

237

231

229

228

Investment in Securities

571

590

577

32,514

32,032

33,822

148,462

152,459

Property under Facility Operations

453,252

466,742

473,394

444,427

487,241

479,677

487,081

490,696

Inventories

2,463

4,154

2,701

3,385

2,551

2,746

2,330

3,966

Equity method investments

219,018

229,649

246,490

156,847

170,946

150,336

10,365

9,664

Advances for Property under Facility Operations

44,962

44,179

52,905

57,397

70,081

74,981

74,608

89,042

Goodwill, Intangible Assets Acquired in Business Combinations

121,174

124,183

128,736

118,551

120,743

108,800

112,496

114,513

Other assets *

129,385

140,399

136,046

136,499

126,643

135,930

135,079

137,191

Total Segment Assets

976,434

1,015,383

1,046,312

955,021

1,016,175

992,589

977,372

1,005,058

* Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, restricted cash, allowance for credit losses, trade notes, accounts and other receivables, office facilities, and others. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

Insurance (1)

(Millions of yen)

Segment Income Statement Data

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Finance revenues

300

84

75

70

229

51

280

38

34

34

106

Life insurance premiums and related investment income

561,533

144,946

90,068

170,979

405,993

112,091

518,084

133,086

167,861

171,408

472,355

Services income

2,036

(1)

-

-

(1)

-

(1)

-

-

-

-

Total Segment Revenues :

563,869

145,029

90,143

171,049

406,221

112,142

518,363

133,124

167,895

171,442

472,461

Interest expense *

14

28

53

72

153

103

256

127

132

142

401

Life insurance costs

433,827

109,328

57,506

135,483

302,317

82,593

384,910

94,395

126,681

133,215

354,291

Other (income) and expense

98

(33)

(107)

28

(112)

2

(110)

(4)

1

-

(3)

Selling, general and administrative expenses

59,309

13,761

13,778

14,582

42,121

16,783

58,904

14,563

14,294

14,787

43,644

Provision for credit losses, and write-downs of long-lived

assets and securities

(2)

1

-

6

7

(3)

4

(20)

(6)

13

(13)

Total Segment Expenses :

493,246

123,085

71,230

150,171

344,486

99,478

443,964

109,061

141,102

148,157

398,320

Equity in Net income (Loss) of equity method investments and others

203

-

-

-

-

-

-

-

-

-

-

Segment Profits

70,826

21,944

18,913

20,878

61,735

12,664

74,399

24,063

26,793

23,285

74,141

* Since the first quarter of fiscal 2025, the interest expense allocation method for each segment was partially changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

Insurance (2)

(Millions of yen)

Segment Assets

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

Installment Loans

11,792

11,954

11,951

12,441

12,805

13,409

13,849

14,370

Investment in Operating Leases

26,876

26,865

26,742

26,658

26,167

26,185

26,050

25,907

Investment in Securities

2,236,495

2,231,121

2,215,325

2,299,615

2,234,453

2,255,820

2,296,469

2,306,121

Equity method investments

29,742

31,676

31,818

38,625

35,865

37,617

40,348

44,095

Goodwill, Intangible Assets Acquired in Business Combinations

4,452

4,452

4,452

4,452

4,452

4,452

4,452

4,452

Other assets *

612,570

578,285

610,879

623,524

695,492

710,219

759,477

808,026

Total Segment Assets

2,921,927

2,884,353

2,901,167

3,005,315

3,009,234

3,047,702

3,140,645

3,202,971

* Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, restricted cash, allowance for credit losses, trade notes, accounts and other receivables, office facilities, and others. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

(Thousands)

Life Insurance Business

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

Number of Insurance Policies in Force

Number of New Insurance Policies in Force (accumulated)

4,820

200

4,795

44

4,774

83

4,761

130

4,755

187

4,745

47

4,737

95

4,724

140

Banking and Credit (1)

(Millions of yen)

Segment Income Statement Data

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Finance revenues

80,653

14,129

14,689

15,423

44,241

16,049

60,290

21,017

18,625

19,470

59,112

Gains on investment securities and dividends

600

131

(66)

183

248

(148)

100

30

(4,006)

(1,403)

(5,379)

Services income

7,321

638

929

635

2,202

712

2,914

623

614

631

1,868

Total Segment Revenues :

88,574

14,898

15,552

16,241

46,691

16,613

63,304

21,670

15,233

18,698

55,601

Interest expense *

5,302

1,310

1,435

1,710

4,455

2,729

7,184

3,859

4,931

5,298

14,088

Services expense

6,254

2,385

2,048

709

5,142

2,448

7,590

2,254

2,035

565

4,854

Other (income) and expense

(306)

(86)

192

(160)

(54)

94

40

58

(45)

(73)

(60)

Selling, general and administrative expenses

32,886

5,355

5,280

5,105

15,740

5,082

20,822

5,888

6,073

5,775

17,736

Provision for credit losses, and write-downs of long-lived

assets and securities

4,064

119

189

278

586

(762)

(176)

119

88

93

300

Total Segment Expenses :

48,200

9,083

9,144

7,642

25,869

9,591

35,460

12,178

13,082

11,658

36,918

Equity in Net income (Loss) of equity method investments

and others

56,979

583

301

379

1,263

184

1,447

447

439

338

1,224

Segment Profits

97,353

6,398

6,709

8,978

22,085

7,206

29,291

9,939

2,590

7,378

19,907

* Since the first quarter of fiscal 2025, the interest expense allocation method for each segment was partially changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

Banking and Credit (2)

(Millions of yen)

Segment Assets

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

Installment Loans

2,378,183

2,306,184

2,368,834

2,493,988

2,511,736

2,570,509

2,631,885

2,642,515

Investment in Securities

311,237

312,328

311,975

309,557

305,441

323,395

255,716

160,041

Equity method investments

43,601

44,360

44,423

45,000

43,934

43,363

43,840

44,270

Other assets *

201,196

213,277

196,192

212,256

283,460

279,204

322,176

413,044

Total Segment Assets

2,934,217

2,876,149

2,921,424

3,060,801

3,144,571

3,216,471

3,253,617

3,259,870

* Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, restricted cash, allowance for credit losses, trade notes, accounts and other receivables, office facilities, and others. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

Aircraft and Ships (1)

(Millions of yen)

Segment Income Statement Data

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Finance revenues

7,769

1,807

1,526

1,337

4,670

1,099

5,769

928

1,092

1,011

3,031

Gains on investment securities and dividends

(130)

8

131

(124)

15

(39)

(24)

200

51

127

378

Operating leases

48,074

14,695

27,205

25,809

67,709

29,147

96,856

21,156

22,892

29,860

73,908

Sales of goods and real estate

97

59

137

324

520

332

852

266

287

232

785

Services income

9,381

2,383

3,351

5,304

11,038

5,101

16,139

5,178

3,886

7,883

16,947

Total Segment Revenues :

65,191

18,952

32,350

32,650

83,952

35,640

119,592

27,728

28,208

39,113

95,049

Interest expense *

11,596

3,345

5,218

5,367

13,930

6,229

20,159

5,363

4,826

4,754

14,943

Costs of operating leases

18,853

6,180

11,401

11,944

29,525

11,461

40,986

11,797

11,234

11,762

34,793

Costs of goods and real estate sold

96

59

140

292

491

373

864

231

189

391

811

Services expense

1,783

480

1,671

1,897

4,048

2,676

6,724

2,346

1,511

2,353

6,210

Other (income) and expense

(3,600)

(102)

(2,441)

4,138

1,595

(1,527)

68

309

973

(2,229)

(947)

Selling, general and administrative expenses

10,345

2,516

2,488

3,119

8,123

3,844

11,967

3,248

3,409

3,986

10,643

Provision for credit losses, and write-downs of long-lived

assets and securities

3

-

-

(1)

(1)

4

3

(1)

-

-

(1)

Total Segment Expenses :

39,076

12,478

18,477

26,756

57,711

23,060

80,771

23,293

22,142

21,017

66,452

Equity in Net income (Loss) of equity method investments

and others

18,251

5,290

6,374

6,693

18,357

10,242

28,599

5,447

6,004

8,571

20,022

Segment Profits

44,366

11,764

20,247

12,587

44,598

22,822

67,420

9,882

12,070

26,667

48,619

of which Avolon

16,544

4,431

6,086

7,212

17,729

9,841

27,570

5,477

5,937

8,051

19,465

* Since the first quarter of fiscal 2025, the interest expense allocation method for each segment was partially changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

Aircraft and Ships (2)

(Millions of yen)

Segment Assets

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

Net Investment in Leases

-

-

-

(1)

-

11,566

11,768

12,254

Installment Loans

60,468

55,491

44,765

43,144

36,119

30,476

25,993

21,703

Investment in Operating Leases

557,867

652,979

643,430

682,322

599,813

591,950

626,577

611,853

Investment in Securities

11,960

12,418

11,095

11,584

9,387

4,351

4,506

4,838

Property under Facility Operations

-

-

29

28

28

27

26

25

Inventories

733

862

1,896

1,425

1,588

1,636

1,842

1,203

Advances for Finance Lease and Operating Lease

9,232

11,982

18,062

20,665

27,816

33,271

34,820

24,855

Equity method investments

399,061

428,566

375,458

423,887

402,567

395,465

402,807

433,424

Goodwill, Intangible Assets Acquired in Business Combinations

19,114

22,339

29,337

45,663

43,024

39,109

50,960

59,083

Other assets *

111,206

120,292

97,904

96,921

111,631

100,589

96,755

109,272

Total Segment Assets

1,169,641

1,304,929

1,221,976

1,325,638

1,231,973

1,208,440

1,256,054

1,278,510

* Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, restricted cash, allowance for credit losses, trade notes, accounts and other receivables, office facilities, and others. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

ORIX USA (1)

(Millions of yen)

Segment Income Statement Data

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Finance revenues

112,545

27,504

25,659

24,694

77,857

24,770

102,627

24,775

26,444

29,731

80,950

Gains on investment securities and dividends

6,446

153

(433)

3,314

3,034

(2,915)

119

4,204

3,597

17,974

25,775

Operating leases

1,225

139

153

232

524

337

861

436

602

855

1,893

Sales of goods and real estate

602

172

63

175

410

133

543

187

388

779

1,354

Services income

52,608

11,619

10,636

12,840

35,095

14,983

50,078

10,637

13,402

21,790

45,829

Total Segment Revenues :

173,426

39,587

36,078

41,255

116,920

37,308

154,228

40,239

44,433

71,129

155,801

Interest expense *

47,466

11,684

10,541

8,961

31,186

8,830

40,016

11,750

13,230

15,015

39,995

Costs of operating leases

547

273

376

358

1,007

489

1,496

550

747

830

2,127

Costs of goods and real estate sold

310

92

59

85

236

71

307

87

180

562

829

Services expense

4,331

541

313

799

1,653

1,170

2,823

534

333

505

1,372

Other (income) and expense

(2,078)

(889)

(1,395)

(411)

(2,695)

(687)

(3,382)

533

(928)

(447)

(842)

Selling, general and administrative expenses

85,483

23,471

21,889

22,264

67,624

27,782

95,406

22,166

27,518

36,799

86,483

Provision for credit losses, and write-downs of long-lived

assets and securities

7,937

306

1,311

2,690

4,307

3,362

7,669

1,547

5,364

4,437

11,348

Total Segment Expenses :

143,996

35,478

33,094

34,746

103,318

41,017

144,335

37,167

46,444

57,701

141,312

Equity in Net income (Loss) of equity method investments and others

(1,499)

7,726

1,788

4,720

14,234

15,788

30,022

(2,424)

(440)

2,357

(507)

Segment Profits

27,931

11,835

4,772

11,229

27,836

12,079

39,915

648

(2,451)

15,785

13,982

* Since the first quarter of fiscal 2025, the interest expense allocation method for each segment was partially changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

ORIX USA (2)

(Millions of yen)

Segment Assets

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

Net Investment in Leases

505

525

455

492

451

428

428

437

Installment Loans

699,384

699,812

596,207

680,003

652,805

623,099

721,213

819,477

Investment in Operating Leases

9,858

10,657

11,486

12,776

21,260

26,080

27,312

31,000

Investment in Securities

509,172

524,939

484,048

527,664

487,022

499,438

508,690

548,950

Property under Facility Operations and Servicing Assets

79,747

83,972

73,571

80,918

76,469

73,613

75,660

81,236

Inventories

159

206

212

139

137

129

518

466

Equity method investments

61,415

66,470

57,845

58,761

54,817

52,243

79,389

77,924

Goodwill, Intangible Assets Acquired in Business Combinations

176,785

187,495

165,697

183,358

171,884

166,219

329,036

344,193

Other assets *

157,459

193,569

150,554

149,906

129,094

146,948

174,922

181,884

Total Segment Assets

1,694,484

1,767,645

1,540,075

1,694,017

1,593,939

1,588,197

1,917,168

2,085,567

* Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, restricted cash, allowance for credit losses, trade notes, accounts and other receivables, office facilities, and others. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

(Billions of USD)

Asset Management Business

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

End of Period AUM

75.4

75.3

75.6

75.9

76.7

77.2

78.2

80.5

(Millions of yen)

Segment Income Statement Data

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Finance revenues

2,409

801

1,189

1,191

3,181

896

4,077

736

782

949

2,467

Gains on investment securities and dividends

10,711

1,164

2,657

(1,714)

2,107

2,301

4,408

4,810

4,627

2,401

11,838

Services income

214,031

62,137

58,729

67,270

188,136

60,646

248,782

57,997

64,933

76,814

199,744

Total Segment Revenues :

227,151

64,102

62,575

66,747

193,424

63,843

257,267

63,543

70,342

80,164

214,049

Interest expense *

289

193

180

166

539

126

665

128

137

189

454

Services expense

54,224

16,255

16,374

17,041

49,670

16,776

66,446

16,279

17,485

19,089

52,853

Other (income) and expense

2,666

2,954

1,655

(585)

4,024

207

4,231

1,792

1,637

894

4,323

Selling, general and administrative expenses

130,496

34,239

34,787

33,123

102,149

36,710

138,859

35,457

38,715

41,696

115,868

Provision for credit losses, and write-downs of long-lived

assets and securities

217

-

115

-

115

-

115

-

148

-

148

Total Segment Expenses :

187,892

53,641

53,111

49,745

156,497

53,819

210,316

53,656

58,122

61,868

173,646

Equity in Net income (Loss) of equity method investments and others

2,379

693

179

342

1,214

(3,792)

(2,578)

59

(87)

6,930

6,902

Segment Profits

41,638

11,154

9,643

17,344

38,141

6,232

44,373

9,946

12,133

25,226

47,305

* Since the first quarter of fiscal 2025, the interest expense allocation method for each segment was partially changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

ORIX Europe (2)

(Millions of yen)

Segment Assets

2024.3

2024.6

2024.9

2024.12

2024.3

2024.6

2024.9

2025.12

Investment in Securities

82,568

92,172

86,924

97,272

86,008

93,571

95,095

103,314

Equity method investments

11,907

12,940

11,592

12,911

8,578

8,534

8,517

5,799

Goodwill, Intangible Assets Acquired in Business Combinations

364,773

381,708

351,985

362,746

354,801

369,334

377,703

397,381

Other assets *

202,891

216,074

212,496

242,674

219,919

244,638

238,474

290,419

Total Segment Assets

662,139

702,894

662,997

715,603

669,306

716,077

719,789

796,913

* Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, restricted cash, allowance for credit losses, trade notes, accounts and other receivables, office facilities, and others. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

(Billions of euro)

Asset Management Business

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

End of Period AUM

341.9

348.3

357.9

379.3

379.3

376.2

376.2

401.7

425.2

500.5

500.5

Net New Money

NNM as % of BoP AUM

(12.7)

(4.3)%

(0.2)

(0.1)%

2.8

0.8%

3.6

1.0%

6.2

1.8%

11.7

3.4%

17.9

5.2%

21.4

5.7%

2.9

0.8%

63.2

16.8%

87.5

23.3%

Institutional AUM

Retail AUM

169.9

172.0

171.4

176.9

176.8

181.1

187.6

191.7

187.6

191.7

183.1

193.1

183.1

193.1

218.6

183.1

229.5

195.7

298.7

201.8

298.7

201.8

Asia and Australia (1)

(Millions of yen)

Segment Income Statement Data

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Finance revenues

Gains on investment securities and dividends Operating leases

Sales of goods and real estate

Services income

70,836

7,885

122,624

425

23,523

19,212

116

33,373

217

6,682

18,673

(163)

34,137

29

5,334

18,572

247

33,871

350

5,626

56,457

200

101,381

596

17,642

18,504

1,733

33,788

155

5,764

74,961

1,933

135,169

751

23,406

17,418

164

33,175

289

5,474

17,891

3

34,645

(70)

5,694

19,083

5,459

36,108

113

5,689

54,392

5,626

103,928

332

16,857

Total Segment Revenues :

225,293

59,600

58,010

58,666

176,276

59,944

236,220

56,520

58,163

66,452

181,135

Interest expense *

Costs of operating leases

Costs of goods and real estate sold Services expense

Other (income) and expense

Selling, general and administrative expenses

Provision for credit losses, and write-downs of long-lived assets and securities

35,737

90,336

400

15,039

(1,490)

41,558

8,027

10,746

24,544

197

4,138

(379)

10,974

1,950

10,226

24,358

32

3,461

(242)

10,808

2,605

10,763

24,374

305

3,572

(703)

11,513

2,868

31,735

73,276

534

11,171

(1,324)

33,295

7,423

10,026

23,973

150

3,539

(4,330)

11,047

2,560

41,761

97,249

684

14,710

(5,654)

44,342

9,983

9,405

23,643

261

3,559

8

10,869

1,771

9,511

24,750

(63)

3,676

(333)

11,536

1,106

9,779

25,927

80

3,767

(134)

12,474

2,587

28,695

74,320

278

11,002

(459)

34,879

5,464

Total Segment Expenses :

189,607

52,170

51,248

52,692

156,110

46,965

203,075

49,516

50,183

54,480

154,179

Equity in Net income (Loss) of equity method investments and others

11,383

1,453

3,479

2,806

7,738

(6,432)

1,306

2,003

2,706

7,596

12,305

Segment Profits

47,069

8,883

10,241

8,780

27,904

6,547

34,451

9,007

10,686

19,568

39,261

* Since the first quarter of fiscal 2025, the interest expense allocation method for each segment was partially changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

Asia and Australia (2)

(Millions of yen)

Segment Assets

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

Net Investment in Leases

530,426

568,904

545,487

569,015

547,966

555,786

573,261

610,397

Installment Loans

343,936

352,699

317,970

317,473

315,128

305,459

283,373

289,885

Investment in Operating Leases

395,573

420,833

397,101

407,059

394,764

412,376

438,307

466,696

Investment in Securities

33,520

35,564

34,499

37,584

37,768

33,384

35,054

53,462

Property under Facility Operations

1,849

1,940

1,736

1,859

1,844

1,889

2,033

2,098

Inventories

224

306

156

243

615

454

206

315

Advances for Finance Lease and Operating Lease

3,017

3,512

3,864

5,890

4,833

5,678

3,217

5,876

Equity method investments

271,682

287,156

277,269

277,091

260,395

252,374

249,690

251,703

Advances for Property under Facility Operations

-

-

-

26

51

53

-

3

Goodwill, Intangible Assets Acquired in Business Combinations

7,313

7,749

7,003

7,400

6,986

6,821

6,840

7,179

Other assets *

121,693

124,224

122,888

124,269

155,277

138,334

149,136

163,880

Total Segment Assets

1,709,233

1,802,887

1,707,973

1,747,909

1,725,627

1,712,608

1,741,117

1,851,494

* Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, restricted cash, allowance for credit losses, trade notes, accounts and other receivables, office facilities, and others. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

Key Quarterly Financial Information (1)

(Millions of yen)

Income Statement Data

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Finance revenues

Gains on investment securities and dividends Operating leases

Life insurance premiums and related investment income Sales of goods and real estate

Services income

348,001

33,023

535,490

558,923

373,914

965,010

83,007

3,287

141,786

144,409

100,917

234,733

81,727

3,263

169,062

89,399

89,957

262,086

81,139

6,636

154,820

170,183

81,269

256,804

245,873

13,186

465,668

403,991

272,143

753,623

82,483

1,138

158,776

111,268

101,012

265,660

328,356

14,324

624,444

515,259

373,155

1,019,283

87,238

16,516

152,076

132,543

110,952

269,316

90,112

21,181

157,548

167,165

96,012

263,838

95,274

25,963

163,464

170,728

104,346

284,638

272,624

63,660

473,088

470,436

311,310

817,792

Total Revenues :

2,814,361

708,139

695,494

750,851

2,154,484

720,337

2,874,821

768,641

795,856

844,413

2,408,910

Interest expense

Costs of operating leases Life insurance costs

Costs of goods and real estate sold Services expense

Other (income) and expense

Selling, general and administrative expenses Provision for credit losses

Write-downs of long-lived assets

Write-downs of securities

188,328

356,760

433,863

268,627

560,101

(4,671)

627,633

20,968

1,724

315

45,006

93,381

110,112

72,768

136,860

4,876

156,284

2,498

88

-

38,711

99,418

56,751

66,387

154,092

6,026

157,941

4,821

418

223

40,540

100,696

135,315

59,121

151,856

7,057

155,973

6,045

172

324

124,257

293,495

302,178

198,276

442,808

17,959

470,198

13,364

678

547

44,794

101,326

82,575

73,557

161,337

9,169

175,856

5,359

25,255

7

169,051

394,821

384,753

271,833

604,145

27,128

646,054

18,723

25,933

554

45,362

99,784

94,237

83,302

148,670

(1,010)

164,052

3,363

1,004

127

48,449

102,066

126,391

71,310

156,558

1,411

168,902

6,626

393

622

50,708

103,972

133,160

79,113

162,117

(113)

183,713

7,151

993

193

144,519

305,822

353,788

233,725

467,345

288

516,667

17,140

2,390

942

Total Expenses :

2,453,648

621,873

584,788

657,099

1,863,760

679,235

2,542,995

638,891

682,728

721,007

2,042,626

Operating Income

360,713

86,266

110,706

93,752

290,724

41,102

331,826

129,750

113,128

123,406

366,284

Equity in Net Income of Equity method investments

Gains on Sales of Subsidiaries and Equity method investments and Liquidation Losses, net

Bargain Purchase Gain

36,774

72,488

-

7,756

26,147

-

20,760

5,356

-

19,851

12,783

-

48,367

44,286

-

8,815

43,419

3,750

57,182

87,705

3,750

19,422

6,308

-

30,984

91,890

-

37,314

15,517

-

87,720

113,715

-

Income before Income Taxes

469,975

120,169

136,822

126,386

383,377

97,086

480,463

155,480

236,002

176,237

567,719

Provision for Income taxes

131,388

35,005

39,857

36,816

111,678

17,150

128,828

46,209

70,413

55,681

172,303

Net Income

338,587

85,164

96,965

89,570

271,699

79,936

351,635

109,271

165,589

120,556

395,416

Net Income (Loss) Attributable to Noncontrolling Interests

(7,682)

(1,652)

679

708

(265)

(124)

(389)

1,933

1,758

1,686

5,377

Net Income Attributable to Redeemable Noncontrolling Interests

137

81

75

31

187

207

394

50

23

291

364

Net Income Attributable to ORIX Corporation Shareholders

346,132

86,735

96,211

88,831

271,777

79,853

351,630

107,288

163,808

118,579

389,675

(Millions of yen)

Yields on Assets

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Interest *1

Japan

134,947

32,138

33,073

33,589

98,800

35,231

134,031

37,304

37,668

38,354

113,326

Overseas

161,734

39,324

36,645

36,919

112,888

37,551

150,439

36,249

37,922

42,406

116,577

Assets (Average Balance) *2

Japan

3,460,453

3,441,882

3,442,545

3,554,651

3,479,693

3,661,752

3,525,208

3,719,368

3,767,208

3,802,712

3,763,096

Overseas

1,634,478

1,655,746

1,591,071

1,557,496

1,601,438

1,581,689

1,596,501

1,540,764

1,573,180

1,684,122

1,599,356

Yields on Assets

Japan

3.9%

3.7%

3.8%

3.8%

3.8%

3.8%

3.8%

4.0%

4.0%

4.0%

4.0%

Overseas

9.9%

9.5%

9.2%

9.5%

9.4%

9.5%

9.4%

9.4%

9.6%

10.1%

9.7%

*1 Interest above is related to Net Investment in Leases and Installment Loans.

*2 Assets above are related to Net Investment in Leases and Installment Loans.

Key Quarterly Financial Information (2)

(Millions of yen)

Balance Sheet Data

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

Net Investment in Leases

1,155,023

1,187,951

1,159,348

1,195,851

1,167,380

1,184,590

1,200,669

1,255,896

Installment Loans

3,958,814

3,893,468

3,826,463

4,042,632

4,081,019

4,087,274

4,208,241

4,315,671

Allowance for Credit Losses

(58,110)

(57,890)

(53,756)

(58,227)

(56,769)

(57,181)

(58,990)

(73,626)

Investment in Operating Leases

1,868,574

2,032,699

2,006,000

2,064,031

1,967,178

2,013,427

2,086,405

2,135,764

Investment in Securities

3,263,079

3,248,011

3,185,088

3,357,514

3,234,547

3,290,297

3,393,331

3,382,123

Property under Facility Operations

689,573

692,416

696,139

676,231

771,851

758,818

767,159

783,123

Equity method investments

1,313,887

1,385,876

1,362,461

1,347,976

1,320,015

1,315,546

1,240,679

1,303,002

Inventories

227,359

217,408

216,911

227,645

229,229

214,732

240,377

260,147

Other Assets (Cash and Cash Equivalents etc.)

3,903,901

3,902,424

3,941,323

4,063,371

4,151,801

4,192,777

4,526,412

4,763,509

Total Assets

16,322,100

16,502,363

16,339,977

16,917,024

16,866,251

17,000,280

17,604,283

18,125,609

Short-Term Debt, Long-Term Debt and Deposits

8,446,306

8,577,834

8,534,237

8,880,575

8,732,610

8,943,254

9,149,501

9,366,043

Policy Liabilities and Policy Account Balances

1,892,510

1,840,773

1,930,730

1,889,930

1,948,047

1,838,581

1,724,828

1,713,850

Other Liabilities (Trade Notes, Accounts and Other Payable etc.)

1,958,674

1,924,477

1,893,597

1,973,035

2,010,379

1,991,577

2,159,910

2,321,892

Total Liabilities

12,297,490

12,343,084

12,358,564

12,743,540

12,691,036

12,773,412

13,034,239

13,401,785

Redeemable Noncontrolling Interests (RNCI)

2,645

2,985

2,506

2,798

3,432

3,422

48,186

50,545

ORIX Corporation Shareholders' Equity

3,941,466

4,073,643

3,902,197

4,086,346

4,089,782

4,145,509

4,441,677

4,584,992

Noncontrolling Interests

80,499

82,651

76,710

84,340

82,001

77,937

80,181

88,287

Total Equity

4,021,965

4,156,294

3,978,907

4,170,686

4,171,783

4,223,446

4,521,858

4,673,279

Total Liabilities, RNCI and Equity

16,322,100

16,502,363

16,339,977

16,917,024

16,866,251

17,000,280

17,604,283

18,125,609

Key Exchange Rate

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

Yen/Dollar

Quarter Average Rate

147.87

156.53

150.26

151.32

152.95

145.19

147.50

154.04

Period End Rate

151.41

161.07

142.73

158.18

149.52

144.81

148.88

156.56

Yen/Euro

Quarter Average Rate

160.90

168.37

164.27

162.57

160.74

164.37

171.59

179.68

Period End Rate

163.24

172.33

159.43

164.92

162.08

169.66

174.47

184.33

Information Regarding Major Assets (1)

(Millions of yen)

New Business Volumes

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Net Investment in Leases: New equipment acquisitions

535,985

128,436

140,738

124,841

394,015

128,208

522,223

122,929

130,352

139,276

392,557

Japan

212,462

47,328

59,433

48,180

154,941

55,248

210,189

49,291

50,094

60,184

159,569

Overseas

323,523

81,108

81,305

76,661

239,074

72,960

312,034

73,638

80,258

79,092

232,988

Installment Loans: New loans added

1,433,243

309,206

391,723

399,758

1,100,687

409,911

1,510,598

335,168

453,735

355,680

1,144,583

Japan

1,064,986

217,317

309,081

302,209

828,607

337,257

1,165,864

253,457

318,056

259,315

830,828

Overseas

368,257

91,889

82,642

97,549

272,080

72,654

344,734

81,711

135,679

96,365

313,755

Operating Leases: New equipment acquisitions

572,084

222,928

198,396

152,518

573,842

184,995

758,837

199,191

159,866

206,758

565,815

Japan

240,889

105,160

72,929

61,261

239,350

77,376

316,726

112,987

75,743

125,725

314,455

(Real Estate in Japan)

42,822

53,689

16,474

4,027

74,190

17,405

91,595

28,563

4,827

19,676

53,066

Overseas

331,195

117,768

125,467

91,257

334,492

107,619

442,111

86,204

84,123

81,033

251,360

Investment in Securities: New securities added

628,060

194,696

222,764

173,447

590,907

186,263

777,170

279,890

246,164

78,241

604,295

Japan

521,835

162,797

158,629

142,393

463,819

158,020

621,839

234,877

227,123

58,428

520,428

Overseas

106,225

31,899

64,135

31,054

127,088

28,243

155,331

45,013

19,041

19,813

83,867

Other Operating Transactions: New assets added

269,136

30,630

24,336

41,425

96,391

37,477

133,868

32,404

50,787

38,456

121,647

Japan

167,764

30,462

23,977

41,278

95,717

32,117

127,834

21,632

43,502

37,582

102,716

Overseas

101,372

168

359

147

674

5,360

6,034

10,772

7,285

874

18,931

(Millions of yen)

Net Investment in Leases

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

Transportation Equipment

521,006

544,881

536,264

562,393

550,810

568,431

581,067

610,740

Industrial Equipment

231,867

235,475

224,622

227,279

213,939

213,266

217,897

231,383

Electronics

98,313

97,211

95,019

98,407

97,461

95,494

92,631

93,571

Information-Related and Office Equipment

118,784

119,912

115,016

119,069

123,092

124,786

123,847

124,704

Commercial Services Equipment

66,377

66,970

69,734

70,548

68,995

70,100

72,481

80,161

Others

118,676

123,502

118,693

118,155

113,083

112,513

112,746

115,337

Total

1,155,023

1,187,951

1,159,348

1,195,851

1,167,380

1,184,590

1,200,669

1,255,896

(Millions of yen)

Installment Loans by Region and Loan Type

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

Consumer Borrowers in Japan:

1,929,247

1,943,813

1,954,302

1,985,282

1,976,927

1,996,853

2,028,975

2,041,971

Real Estate Loans

1,851,214

1,867,671

1,878,184

1,909,910

1,901,794

1,924,407

1,957,582

1,971,689

Card Loans

72,353

70,244

69,436

68,259

67,874

65,945

65,759

64,693

Others

5,680

5,898

6,682

7,113

7,259

6,501

5,634

5,589

Corporate Borrowers in Japan:

667,616

700,675

771,627

872,783

950,413

979,950

1,009,972

1,001,902

Real Estate Companies

334,506

355,101

365,259

394,750

415,666

428,735

447,544

457,387

Non-recourse Loans

145,286

161,915

204,154

263,584

301,477

323,549

338,230

323,066

Commercial, Industrial and Other Companies

187,824

183,659

202,214

214,449

233,270

227,666

224,198

221,449

Overseas:

1,090,049

1,093,574

945,752

1,026,725

1,000,814

954,842

1,026,351

1,113,897

Equity method investees:

251,929

135,425

136,656

138,973

131,476

134,788

136,944

139,480

Purchased Loans:

19,973

19,981

18,126

18,869

21,389

20,841

5,999

18,421

Total

3,958,814

3,893,468

3,826,463

4,042,632

4,081,019

4,087,274

4,208,241

4,315,671

Information Regarding Major Assets (2)

(Millions of yen)

Investment in Operating Leases

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

Transportation Equipment

1,264,332

1,375,480

1,348,517

1,394,853

1,292,630

1,299,246

1,344,014

1,341,043

Measuring and Information-Related Equipment

154,794

164,491

173,607

183,068

194,798

206,851

224,875

234,525

Real Estate

261,706

302,694

304,136

297,694

309,810

336,687

344,889

365,261

Others

49,286

50,334

50,831

51,866

51,667

52,135

51,612

63,117

Right-of-use Assets (Operating Leases)

87,359

85,815

84,180

81,885

73,518

73,884

73,465

73,483

Accrued Rental Receivables

54,230

56,369

47,006

56,787

46,248

46,207

49,171

60,045

Allowance for Doubtful Receivables on Operating Leases

(3,133)

(2,484)

(2,277)

(2,122)

(1,493)

(1,583)

(1,621)

(1,710)

Total

1,868,574

2,032,699

2,006,000

2,064,031

1,967,178

2,013,427

2,086,405

2,135,764

(Millions of yen)

Asset Quality (Net Investment in Leases, Installment Loans)

2024.3

2024.6

2024.9

2024.12

2025.3

2025.6

2025.9

2025.12

Net Investment in Leases

1,155,023

1,187,951

1,159,348

1,195,851

1,167,380

1,184,590

1,200,669

1,255,896

Non-performing Net Investment in Leases

20,805

21,355

22,370

23,664

21,820

20,761

20,347

25,239

Installment Loans

3,958,814

3,893,468

3,826,463

4,042,632

4,081,019

4,087,274

4,208,241

4,315,671

Non-performing Installment Loans

Non-performing Installment Loans Not Individually

Assessed for Credit Losses

34,154

63,099

47,868

75,262

79,069

82,360

101,876

124,808

Loans Individually Assessed for Credit Losses

54,422

59,316

58,059

70,278

62,433

58,266

45,495

61,294

Allowance Individually Assessed for Credit Losses

14,335

14,622

14,085

16,371

16,393

16,431

17,256

25,988

Non-performing Ratio (1)*1

2.1%

2.8%

2.6%

3.2%

3.1%

3.1%

3.1%

3.8%

Non-performing Ratio (2)*2

1.9%

2.0%

2.1%

2.5%

2.2%

2.2%

1.8%

2.2%

*1 (Non-performing Net Investment in Leases + Non-performing Installment Loans Not Individually Assessed for Credit Losses + Loans Individually Assessed for Credit Losses) ÷ (Net Investment in Leases + Installment Loans)

*2 Calculated by excluding from the Installment Loans and Non-performing Installment Loans used in Non-performing Ratio (1) those previously sold Installment Loans with a call option to repurchase that are recognized as assets for accounting purposes in accordance with ASC 860 ("Transfers and Servicing"), with a repurchase option.

Information Regarding Major Assets (3)

(Millions of yen)

Allowance for Credit Losses

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Beginning Balance

64,540

57,090

56,903

52,788

57,090

57,302

57,090

55,870

56,291

58,102

55,870

Net Investment in Leases

15,719

16,780

17,774

17,399

16,780

18,937

16,780

18,122

18,272

18,662

18,122

Loans Not Individually Assessed for Credit Losses

39,460

25,975

24,507

21,304

25,975

21,994

25,975

21,355

21,588

22,184

21,355

Loans Individually Assessed for Credit Losses

9,361

14,335

14,622

14,085

14,335

16,371

14,335

16,393

16,431

17,256

16,393

Provision / Reversal (Reversal)

20,652

2,292

3,197

4,581

10,070

3,004

13,074

2,878

4,625

2,996

10,499

Net Investment in Leases

3,064

797

1,036

2,011

3,844

1,090

4,934

708

718

1,391

2,817

Loans Not Individually Assessed for Credit Losses

6,782

(573)

828

254

509

669

1,178

804

2,273

(231)

2,846

Loans Individually Assessed for Credit Losses

10,806

2,068

1,333

2,316

5,717

1,245

6,962

1,366

1,634

1,836

4,836

Charge-offs / Recoveries (Charged-offs)

(14,633)

(4,110)

(1,431)

(3,609)

(9,150)

(1,673)

(10,823)

(1,807)

(2,507)

(2,458)

(6,772)

Net Investment in Leases

(2,609)

(458)

(625)

(1,255)

(2,338)

(1,076)

(3,414)

(534)

(673)

(1,150)

(2,357)

Loans Not Individually Assessed for Credit Losses

(7,729)

(921)

(671)

(832)

(2,424)

(267)

(2,691)

(335)

(1,456)

(489)

(2,280)

Loans Individually Assessed for Credit Losses

(4,295)

(2,731)

(135)

(1,522)

(4,388)

(330)

(4,718)

(938)

(378)

(819)

(2,135)

Other *1

(13,469)

1,631

(5,881)

3,542

(708)

(2,763)

(3,471)

(650)

(307)

9,569

8,612

Net Investment in Leases

606

655

(786)

782

651

(829)

(178)

(24)

345

906

1,227

Loans Not Individually Assessed for Credit Losses

(12,538)

26

(3,360)

1,268

(2,066)

(1,041)

(3,107)

(236)

(221)

948

491

Loans Individually Assessed for Credit Losses

(1,537)

950

(1,735)

1,492

707

(893)

(186)

(390)

(431)

7,715

6,894

Ending Balance

57,090

56,903

52,788

57,302

57,302

55,870

55,870

56,291

58,102

68,209

68,209

Net Investment in Leases

16,780

17,774

17,399

18,937

18,937

18,122

18,122

18,272

18,662

19,809

19,809

Loans Not Individually Assessed for Credit Losses

25,975

24,507

21,304

21,994

21,994

21,355

21,355

21,588

22,184

22,412

22,412

Loans Individually Assessed for Credit Losses

14,335

14,622

14,085

16,371

16,371

16,393

16,393

16,431

17,256

25,988

25,988

Other than the above *2

1,020

987

968

925

925

899

899

890

888

5,417

5,417

Total Ending Balance of Allowance for Credit Losses

58,110

57,890

53,756

58,227

58,227

56,769

56,769

57,181

58,990

73,626

73,626

Allowance for off-balance sheet credit exposures *3

5,116

5,559

6,010

7,942

7,942

9,766

9,766

9,927

11,953

17,182

17,182

*1 Other mainly includes foreign currency translation adjustments and others.

*2 Other than the above includes allowance for credit losses on other accounts receivables.

*3 Allowance for off-balance sheet credit exposures is recorded in other liabilities on the consolidated balance sheet.

(Millions of yen)

Provisioning Rate

(Net investment in Leases, Installment Loans)

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Provision for Credit Losses

20,652

2,292

3,197

4,581

10,070

3,004

13,074

2,878

4,625

2,996

10,499

Provisioning Rate *

0.41%

0.18%

0.25%

0.36%

0.26%

0.23%

0.26%

0.22%

0.35%

0.22%

0.26%

* Provisions Charged to Income / (Average Net Investment in Leases + Average Installment Loans)

(Millions of yen)

Provision for Credit Losses

2023.4-2024.3

2024.4-6

2024.7-9

2024.10-12

2024.4-12

2025.1-3

2024.4-2025.3

2025.4-6

2025.7-9

2025.10-12

2025.4-12

Net Investment in Leases

3,064

797

1,036

2,011

3,844

1,090

4,934

708

718

1,391

2,817

Installment Loans

17,588

1,495

2,161

2,570

6,226

1,914

8,140

2,170

3,907

1,605

7,682

Off-balance sheet credit exposures

(440)

204

1,469

1,327

3,000

2,297

5,297

494

1,826

4,688

7,008

Available-for-Sale Debt Securities

445

-

66

110

176

(3)

173

(20)

122

(880)

(778)

Other than the above *

311

2

89

27

118

61

179

11

53

347

411

Total

20,968

2,498

4,821

6,045

13,364

5,359

18,723

3,363

6,626

7,151

17,140

* Other than the above includes provision for credit losses on other accounts receivables.

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