ORIX H1 FY2027 net income rises 215.8% to ¥856B

The interim dividend is ¥113.56 per share; the annual policy sets the higher of a 39% adjusted-EPS calculation or ¥156.10 per share.

Available on EDGAR 11/09/2026 - 06:38 AM EST Accepted by SEC EDGAR 11/09/2026 - 06:38 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

ORIX Corporation (IX) reported unaudited six-month results through September 30, 2026: revenue rose 9.6% to ¥1,673.875 billion, income from continuing operations before income taxes rose 195.0% to ¥1,117.880 billion, and net income attributable to ORIX Corporation shareholders rose 215.8% to ¥856.218 billion.

Equity-method investment income was ¥809.610 billion, including ¥795.700 billion recorded through TB Investment Limited Partnership in connection with Kioxia-related share-sale and valuation gains recorded by Toshiba. ORIX said these gains may fluctuate with Kioxia’s share price and do not produce corresponding direct cash inflows; its fiscal 2027 net-income forecast remains ¥530 billion, up 18.5% year over year. ORIX also said it may have been a passive foreign investment company for U.S. federal income tax purposes in the reporting year and may be one in the foreseeable future.

ORIX completed the sale of all ORIX Bank shares to Daiwa Next Bank on August 3, 2026, recognizing a ¥124.295 billion gain in discontinued operations. The interim dividend is ¥113.56 per share, effective December 7, 2026. The fiscal 2027 annual dividend will be the higher of 39% of adjusted EPS based on adjusted net income excluding the after-tax equivalent of Kioxia-related gains or losses, or ¥156.10 per share.

3 points · 0 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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Positive

• Moderate pointFirst-half revenue rose 9.6% to ¥1,673.875 billion.
• Moderate pointNet income attributable to ORIX shareholders rose 215.8% to ¥856.218 billion.
• Moderate pointThe ORIX Bank sale generated a ¥124.295 billion gain.

Negative

• None.

Key Figures

Total revenues: ¥1,673.875 billion Income from continuing operations before income taxes: ¥1,117.880 billion Net income attributable to ORIX Corporation shareholders: ¥856.218 billion +5 more

8 metrics

Total revenues ¥1,673.875 billion Six months ended September 30, 2026; up 9.6% year over year.

Income from continuing operations before income taxes ¥1,117.880 billion Six months ended September 30, 2026; up 195.0% year over year.

Net income attributable to ORIX Corporation shareholders ¥856.218 billion Six months ended September 30, 2026; up 215.8% year over year.

Equity in net income of equity method investments ¥809.610 billion Six months ended September 30, 2026.

Kioxia-related equity-method earnings through TB Investment Limited Partnership ¥795.700 billion Recognized in the six months ended September 30, 2026.

Fiscal 2027 net income forecast ¥530 billion Year ending March 31, 2027; forecast year-on-year change of 18.5%.

Interim dividend ¥113.56 per share September 30, 2026 record date; effective December 7, 2026.

Gain on sale of ORIX Bank shares ¥124.295 billion Recognized in income from discontinued operations on the sale completed August 3, 2026.

Key Terms

equity method investments, discontinued operations, adjusted EPS, passive foreign investment company

4 terms

equity method investments financial

"equity in net income of equity method investments"

An equity method investment is an accounting approach used when a company owns a significant share of another company and can influence its decisions but does not fully control it; instead of listing the investment at cost, the investor records its share of the other company's profits or losses on its own income statement and adjusts the investment value on the balance sheet. For investors, this matters because it links the investor’s reported earnings and asset values directly to the financial performance of that partly-owned business, similar to how a partner’s gains affect a small business owner’s books.

discontinued operations financial

"gain in discontinued operations"

Discontinued operations are parts of a company that it has decided to sell or shut down, and no longer plans to run in the future. This matters to investors because it helps them understand which parts of the business are ongoing and which are being phased out, providing a clearer picture of the company’s current performance and future prospects. Think of it like a store closing a department—it no longer contributes to sales or profits.

adjusted EPS financial

"applying 39% to adjusted EPS"

Adjusted earnings per share (adjusted eps) is a measure of a company's profit per share that has been modified to exclude certain one-time or unusual items, such as costs from restructuring or asset sales. It provides a clearer picture of the company’s core performance by removing events that may distort the usual earnings. Investors use adjusted eps to better understand a company's ongoing profitability and compare it more accurately over time.

passive foreign investment company regulatory

"may have been a “passive foreign investment company”"

A passive foreign investment company (PFIC) is a foreign corporation that, under U.S. tax rules, earns mostly passive income (like dividends, interest, rents, or royalties) or holds mostly passive assets. For U.S. investors, owning stock in a PFIC can trigger special, often punitive tax treatment and extra reporting requirements, which can raise the investor’s tax bill and reduce after‑tax returns—think of an unexpected tax surcharge that changes the real payoff of the investment.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was ORIX (IX) net income for the first half of fiscal 2027?

Net income attributable to ORIX Corporation shareholders was ¥856.218 billion for the six months ended September 30, 2026, up 215.8% from ¥271.096 billion in the prior-year period. ORIX also reported ¥809.610 billion in equity in net income of equity method investments.

What interim dividend did ORIX (IX) declare?

ORIX declared an interim dividend of ¥113.56 per share for the September 30, 2026 record date, with an effective date of December 7, 2026. The stated total dividend amount is ¥122.593 billion.

Why did ORIX (IX) leave its fiscal 2027 earnings forecast unchanged?

ORIX said the future impact of Kioxia-related gains may fluctuate with Kioxia’s share price and other factors, making the impact on full-year results difficult to reasonably estimate. It said it would promptly disclose a forecast revision if it determines one is necessary.

What did ORIX (IX) disclose about passive foreign investment company status?

ORIX said it may have been a passive foreign investment company for U.S. federal income tax purposes in the year covered by the results and may be one in the foreseeable future. The company said U.S. holders would be subject to special tax rules if it is a passive foreign investment company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2026

Commission File Number: 001-14856

ORIX Corporation

(Translation of Registrant’s Name into English)

World Trade Center Bldg., SOUTH TOWER, 2-4-1 Hamamatsu-cho, Minato-ku, Tokyo, JAPAN

(Address of Principal Executive Offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F ☒  Form 40-F ☐

Table of Contents

Material Contained in this Report

1. ORIX’s Second Quarter Consolidated Financial Results (April 1, 2026 – September 30, 2026) filed with the Tokyo Stock Exchange on Monday, November 9, 2026.

2. Announcement Regarding Interim Dividend for the Fiscal Year Ending March  31, 2027

3. Notice Regarding Recognition of Equity in Net Income of Equity Method Investments

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		ORIX Corporation
Date: November 9, 2026		By		/s/ Masataka Yamada
				Masataka Yamada
				Member of the Board of Directors Senior Managing Executive Officer Chief Financial Officer and Chief Strategy Officer Responsible for Corporate Strategy and Management Unit ORIX Corporation

Consolidated Financial Results

April 1, 2026 - September 30, 2026

November 9, 2026

In preparing its consolidated financial information, ORIX Corporation (the “Company”) and its subsidiaries have complied with generally accepted accounting principles in the United States of America.

This document may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on the Company’s current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s most recent annual report on Form 20-F filed with the U.S. Securities and Exchange Commission.

The Company believes that it may have been a “passive foreign investment company” for U.S. federal income tax purposes in the year to which these consolidated financial results relate by reason of the composition of its assets and the nature of its income. In addition, the Company may be a PFIC for the foreseeable future. Assuming that the Company is a PFIC, a U.S. holder of the shares or American depositary shares of the Company will be subject to special rules generally intended to eliminate any benefits from the deferral of U.S. federal income tax that a holder could derive from investing in a foreign corporation that does not distribute all of its earnings on a current basis. Investors should consult their tax advisors with respect to such rules, which are summarized in the Company’s annual report.

For further information please contact:

Investor Relations and Sustainability Department

ORIX Corporation

World Trade Center Bldg., SOUTH TOWER, 2-4-1 Hamamatsu-cho, Minato-Ku, Tokyo, 105-5135

JAPAN

Tel: +81-3-3435-3121 Fax: +81-3-3435-3154

E-mail: orix_corpcomm@orix.jp

- 1 -

Consolidated Financial Results from April 1, 2026 to September 30, 2026

(U.S. GAAP Financial Information for ORIX Corporation and its Subsidiaries)

Corporate Name:		ORIX Corporation
Listed Exchanges:		Tokyo Stock Exchange (Securities No. 8591)
		New York Stock Exchange (Trading Symbol: IX)
Head Office:		Tokyo JAPAN
		Tel: +81-3-3435-3121
		(URL https://www.orix.co.jp/grp/en/ir/)

1. Performance Highlights as of and for the Six Months Ended September 30, 2026

(1) Performance Highlights - Operating Results (Unaudited)

(millions of yen)

		Total Revenues*2				Year-on-Year Change				Operating Income*2				Year-on-Year Change				Income from Continuing Operations before Income Taxes *2				Year-on-Year Change				Net Income Attributable to ORIX Corporation Shareholders				Year-on-Year Change
September 30, 2026			1,673,875				9.6	%			239,520				3.9	%			1,117,880				195.0	%			856,218				215.8	%
September 30, 2025			1,527,599				11.2	%			230,424				25.3	%			378,951				55.3	%			271,096				48.2	%

*Note 1: “Comprehensive Income Attributable to ORIX Corporation Shareholders” was ¥824,988 million for the six months ended September 30, 2026 (year-on-year change was a 68.9% increase) and ¥488,394 million for the six months ended September 30, 2025 (year-on-year change was a 715.4% increase)

*Note 2: As a result of the decision to sell the shares of ORIX Bank Corporation (“ORIX Bank”), a former consolidated subsidiary of the Company, in accordance with ASC 205-20 (“Presentation of Financial Statements – Discontinued Operations”), the business of ORIX Bank has been classified as held for sale and a discontinued operation. Accordingly, total revenues, operating income and income from continuing operations before income taxes for the six months ended September 30, 2026 are presented on a continuing operations basis, excluding the results of the business of ORIX Bank, which has been separately presented as discontinued operations. The corresponding amounts for the six months ended September 30, 2025 have also been retrospectively reclassified to conform to the current-period presentation. For further information on the discontinued operations, see 2. Financial Information (8) Discontinued Operations Information (Unaudited).

		Basic Earnings Per Share				Diluted Earnings Per Share
September 30, 2026			785.16				783.50
September 30, 2025			240.42				239.91

*Note 3: Unless otherwise stated, all amounts shown herein are in millions of Japanese yen, except for per share and dividend amounts, which are in single yen.

(2) Performance Highlights - Financial Position (Unaudited)

		Total Assets				Total Equity				Shareholders’ Equity				Shareholders’ Equity Ratio
September 30, 2026			15,606,595				5,171,623				5,093,303				32.6	%
March 31, 2026			18,002,776				4,573,068				4,482,500				24.9	%

*Note 4: “Shareholders’ Equity” refers to “Total ORIX Corporation Shareholders’ Equity.”

“Shareholders’ Equity Ratio” is the ratio of “Total ORIX Corporation Shareholders’ Equity” to “Total Assets.”

2. Dividends (Unaudited)

		First Quarter-end				Second Quarter-end				Third Quarter-end				Year-end				Total
March 31, 2026			—				93.76				—				62.34				156.10
March 31, 2027			—				113.56
March 31, 2027 (Est.)											—				—				187.36

- 2 -

*Note 5: Revision from the previously announced dividend forecast: No

For the fiscal year ending March 31, 2027, after-tax gains or losses arising from the sale and valuation of shares of Kioxia Holdings Corporation (Head office: Minato-ku, Tokyo; President and CEO: Hiroo Ota; “Kioxia”), recognized through TB Investment Limited Partnership, an equity-method affiliate of ORIX Corporation, in connection with transactions by Toshiba Corporation (Head office: Kawasaki City, Kanagawa Prefecture; President and CEO: Taro Shimada; “Toshiba”), are recognized in ORIX Corporation’s consolidated earnings. Although such gains or losses are substantial, such valuation gains or losses are expected to fluctuate with future changes in Kioxia’s share price and therefore remain uncertain. In addition, ORIX Corporation will not directly receive cash inflows corresponding to such gains or losses.

Accordingly, ORIX Corporation’s dividend policy for the fiscal year ending March 31, 2027 is that the annual dividend will be the higher of either an amount calculated by applying 39% to adjusted EPS calculated based on adjusted net income attributable to ORIX Corporation Shareholders excluding such gains or losses on an after-tax basis, or ¥156.10 per share. Based on this policy, the dividend for the second quarter-end was calculated based on adjusted EPS for the six months ended September 30, 2026, and the dividend per share was set at ¥113.56 per share, calculated by applying 39% to adjusted EPS based on adjusted net income attributable to ORIX Corporation Shareholders of ¥317,529 million after deducting the after-tax amount of such gains of ¥538,689 million from net income attributable to ORIX Corporation Shareholders of ¥856,218 million for the six months ended September 30, 2026.

3. Forecast for the Year Ending March 31, 2027 (Unaudited)

		Net Income Attributable to ORIX Corporation Shareholders				Year-on-Year Change
March 31, 2027			530,000				18.5	%

*Note 6: Although forward-looking statements in this document are based on information currently available to ORIX Corporation and are based on assumptions deemed reasonable by ORIX Corporation, actual financial results may differ materially due to various factors. Readers are urged not to place undue reliance on such forward-looking statements.

Factors causing a result that differs from forward-looking statements include, but are not limited to, those described under “Risk Factors” in our Form 20-F submitted to the U.S. Securities and Exchange Commission.

*Note 7: Revision from previously announced forecast for the year ending March 31, 2027: No

4. Other Information

(1) Significant Changes in Scope of Consolidation			Yes ( x )  No ( )
Addition - None (        )			Exclusion -1 ( ORIX Bank Corporation )
(2) Adoption of Simplified Accounting Method			Yes ( )  No ( x )
(3) Changes in Accounting Policies
1. Changes due to adoptions of new accounting standards			Yes ( )  No ( x )
2. Other than those above			Yes ( )  No ( x )

(4) Number of Issued Shares (Ordinary Shares)

1. The number of issued shares, including treasury stock, was 1,124,106,624 as of September 30, 2026, and 1,124,106,624 as of March 31, 2026.

2. The number of treasury stock was 44,564,472 as of September 30, 2026, and 22,484,702 as of March 31, 2026.

3. The average number of outstanding shares was 1,090,177,783 for the six months ended September 30, 2026, and 1,127,416,302 for the six months ended September 30, 2025.

The Company’s shares held through the Board Incentive Plan Trust (3,308,688 shares as of September 30, 2026, and 3,035,102 shares as of March 31, 2026) are not included in the number of treasury stock as of the end of the periods, but are included in the average number of shares outstanding as treasury stock that are deducted from the basis of the calculation of per share data.

* These consolidated financial results from April 1, 2026 to September 30, 2026 are not subject to certified public accountant’s or audit firm’s interim review.

- 3 -

1. Summary of Consolidated Financial Results

(1) Financial Highlights

Financial Results for the Six Months Ended September 30, 2026

				Six months ended September 30, 2025				Six months ended September 30, 2026				Change
												Amount				Percent (%)
Total Revenues *3		(millions of yen)			1,527,599				1,673,875				146,276				10
Total Expenses *3		(millions of yen)			1,297,175				1,434,355				137,180				11
Income from Continuing Operations before Income Taxes *3		(millions of yen)			378,951				1,117,880				738,929				195
Net Income Attributable to ORIX Corporation Shareholders		(millions of yen)			271,096				856,218				585,122				216
Earnings Per Share (Basic)		(yen)			240.42				785.16				544.74				227
(Diluted)		(yen)			239.91				783.50				543.59				227
ROE (Annualized) *1		(%)			12.7				35.8				23.1				—
ROA (Annualized) *2		(%)			3.15				10.19				7.04				—

*1 ROE is the ratio of Net Income Attributable to ORIX Corporation Shareholders for the period to average ORIX Corporation Shareholders’ Equity.

*2 ROA is calculated based on Net Income Attributable to ORIX Corporation Shareholders.

*3 As a result of the decision to sell the shares of ORIX Bank, a former consolidated subsidiary of the Company, in accordance with ASC 205-20 (“Presentation of Financial Statements – Discontinued Operations”), the business of ORIX Bank has been classified as held for sale and a discontinued operation. Accordingly, Total Revenues, Total Expenses and Income from Continuing Operations before Income Taxes for the six months ended September 30, 2026 are presented on a continuing operations basis, excluding the results of the business of ORIX Bank, which has been separately presented as discontinued operations. The corresponding amounts for the six months ended September 30, 2025 have also been retrospectively reclassified to conform to the current-period presentation. For further information on the discontinued operations, see 2. Financial Information (8) Discontinued Operations Information (Unaudited).

Overview of Business Performance (April 1, 2026 to September 30, 2026)

Total revenues for the six months ended September 30, 2026 increased 10% to ¥1,673,875 million compared to ¥1,527,599 million during the same period of the previous fiscal year primarily due to increases in gains on investment securities and dividends, service income, and sales of goods and real estate.

Total expenses increased 11% to ¥1,434,355 million compared to ¥1,297,175 million during the same period of the previous fiscal year primarily due to increases in selling, general and administrative expenses and costs of goods and real estate sold.

Equity in net income of equity method investments was ¥809,610 million, primarily due to increased equity in net income from a certain equity method investee, partially offset by impairment of certain equity method investments. Gains on sales of subsidiaries and equity method investments and liquidation losses, net decreased 30% to ¥68,750 million compared to the same period of the previous fiscal year.

Due to the above results, income from continuing operations before income taxes for the six months ended September 30, 2026 increased 195% to ¥1,117,880 million compared to ¥378,951 million during the same period of the previous fiscal year and net income attributable to ORIX Corporation Shareholders increased 216% to ¥856,218 million compared to ¥271,096 million during the same period of the previous fiscal year.

- 4 -

Segment Information

Total segment profits for the six months ended September 30, 2026 increased 188% to ¥1,147,389 million compared to the same period of the previous fiscal year.

Beginning with the current consolidated fiscal year, the Company has reorganized its reportable segments into Japan & APAC, Infrastructure, USA & Europe, and Insurance, reflecting changes in the segments used by the CODM for resource allocation and performance evaluation purposes. For details of the businesses of each segment, please refer to Note (7), “Segment Information (Unaudited),” under “2. Financial Information.”

On April 27, 2026, the Company decided to sell all shares in ORIX Bank, a consolidated subsidiary, to Daiwa Next Bank, Ltd. As a result of this decision, the operations of ORIX Bank, which had previously been reported as continuing operations, have been classified as discontinued operations in the current fiscal year in accordance with ASC 205-20 (“Presentation of Financial Statements – Discontinued Operations”). Segment information presents amounts relating only to continuing operations and excludes the discontinued operations. For further information on the discontinued operations, see Note (8), “Discontinued Operations Information (Unaudited),” under “2. Financial information.”

In connection with these changes, the segment information for the previous interim consolidated period and as of the end of the previous fiscal year has been retrospectively recast.

- 5 -

Segment information for the six months ended September 30, 2026 is as follows:

Segment Profits		Six months ended September 30, 2025 (millions of yen)				Six months ended September 30, 2026 (millions of yen)				Change (millions of yen)				Key Drivers
Japan & APAC			125,705				916,414				790,709			[+]   Equity in net income of equity method investments (including gains on the sale and valuation of Kioxia shares, reflecting the three-month reporting lag) [+]   Gain on the sale of SGK Holdings [–]   Impairment of China Water Affairs (water utility investment in China)
Infrastructure			201,008				82,079				(118,929	)		[–]   Absence of prior-year gains from the sale and valuation of Greenko and Ormat [–]   Absence of prior-year gain on the sale of Hotel Universal Port Vita [+]   Equity in net income of equity method investments from Avolon
USA & Europe			20,276				91,811				71,535			[+]   Valuation gains on private equity investments at ORIX USA [+]   Management fee income at ORIX Europe
Insurance			50,856				57,085				6,229			[+]   Premium and investment income from the life insurance business
Total Segment Profits			397,845				1,147,389				749,544
Corporate Profits (Losses)			(23,140	)			(35,559	)			(12,419	)
Net Income before Income Taxes Attributable to Noncontrolling Interests and Redeemable Noncontrolling Interests			4,246				6,050				1,804
Income from Continuing Operations before Income Taxes			378,951				1,117,880				738,929
Income from Discontinued Operations before Income Taxes			12,531				125,372				112,841

- 6 -

Segment Assets		As of March 31, 2026 (millions of yen)				As of September 30, 2026 (millions of yen)				Change (millions of yen)				Key Drivers
Japan & APAC			4,720,861				5,349,825				628,964			[+]   Equity method investments related to Toshiba [–]   Assets decreased due to the sale of SGK Holdings [–]   Impairment of China Water Affairs
Infrastructure			3,575,072				3,626,329				51,257			[+]   Investment in operating leases and equity-method investments in the aircraft leasing business [+]   Property under facility operations in the overseas energy business
USA & Europe			2,741,031				2,750,616				9,585			[+]   Installment loans and investment in operating leases at ORIX USA [+]   Investment in securities at ORIX Europe [–]   Sale of private equity investments by ORIX USA
Insurance			3,198,270				3,207,116				8,846
Total Segment Assets			14,235,234				14,933,886				698,652
Corporate Assets			2,966,812				3,045,109				78,297
Assets of Discontinued Operations Held for Sale			3,195,402				0				(3,195,402	)
Assets from Inter-Segment Transactions			(2,394,672	)			(2,372,400	)			22,272
Total Consolidated Assets			18,002,776				15,606,595				(2,396,181	)

- 7 -

(2) Consolidated Financial Condition

Summary of Assets, Liabilities, Shareholders’ Equity

				As of March 31, 2026				As of September 30, 2026				Change
												Amount				Percent (%)
Total Assets		(millions of yen)			18,002,776				15,606,595				(2,396,181	)			(13	)
(Segment Assets) *3					14,235,234				14,933,886				698,652				5
Total Liabilities		(millions of yen)			13,378,965				10,383,369				(2,995,596	)			(22	)
(Short-term and Long-term Debt) *3					6,343,295				6,102,486				(240,809	)			(4	)
Shareholders’ Equity *1		(millions of yen)			4,482,500				5,093,303				610,803				14
Shareholders’ Equity Per Share *2		(yen)			4,080.24				4,732.53				652.29				16

*1 “Shareholders’ Equity” refers to “Total ORIX Corporation Shareholders’ Equity” based on U.S. GAAP.

*2 “Shareholders’ Equity Per Share” is calculated using “Total ORIX Corporation Shareholders’ Equity”.

*3 As a result of the decision to sell the shares of ORIX Bank, a former consolidated subsidiary of the Company, in accordance with ASC 205-20 (“Presentation of Financial Statements – Discontinued Operations”), the business of ORIX Bank has been classified as held for sale and a discontinued operation. Accordingly, as a result of presenting the prior-period balances of the assets and liabilities related to the business of ORIX Bank separately as “Assets of Discontinued Operations Held for Sale” and “Liabilities of Discontinued Operations Held for Sale,” respectively, Segment Assets and Short-term and Long-term Debt as of March 31, 2026 have been retrospectively reclassified and presented on a continuing operations basis, excluding the balances of the discontinued operations. For further information on the discontinued operations, see 2. Financial Information (8) Discontinued Operations Information (Unaudited).

Total assets decreased 13% to ¥15,606,595 million compared to the end of the previous fiscal year primarily due to a decrease in assets of discontinued operations held for sale, primarily offset by an increase in equity method investments. In addition, segment assets increased 5% to ¥14,933,886 million compared to the end of the previous fiscal year.

Total liabilities decreased 22% to ¥10,383,369 million compared to the end of the previous fiscal year primarily due to a decrease in liabilities of discontinued operations held for sale.

Shareholders’ equity increased 14% to ¥5,093,303 million compared to the end of the previous fiscal year.

- 8 -

2. Financial Information

(1) Condensed Consolidated Balance Sheets (Unaudited)

(millions of yen)

Assets						As of March 31, 2026				As of September 30, 2026
Cash and Cash Equivalents							1,015,359				1,127,881
Restricted Cash							114,129				118,872
Net Investment in Leases							1,247,491				1,230,839
Installment Loans							1,488,263				1,534,919
The amounts which are measured at fair value by electing the fair value option are as follows:
March 31, 2026			¥78,020 million
September 30, 2026			¥60,859 million
Allowance for Credit Losses							(76,342	)			(62,646	)
Investment in Operating Leases							2,152,820				2,298,752
Investment in Securities							3,142,498				2,972,743
The amounts which are measured at fair value by electing the fair value option are as follows:
March 31, 2026			¥39,796 million
September 30, 2026			¥51,788 million
The amounts which are associated to available-for-sale debt securities are as follows:
March 31, 2026
Amortized Cost			¥3,230,567 million
Allowance for Credit Losses			¥(3,505) million
September 30, 2026
Amortized Cost			¥3,368,877 million
Allowance for Credit Losses			¥(3,354) million
Property under Facility Operations							779,075				766,006
Equity method investments							1,304,073				2,071,044
Trade Notes, Accounts and Other Receivable							495,080				431,948
Inventories							269,187				280,237
Office Facilities							189,279				175,832
Goodwill							773,592				750,078
Other Assets							1,912,870				1,910,090
The amounts which are measured at fair value by electing the fair value option are as follows:
March 31, 2026			¥1,163 million
September 30, 2026			¥555 million
Assets of Discontinued Operations Held for Sale							3,195,402				0
Total Assets							18,002,776				15,606,595
Liabilities and Equity
Short-term Debt							544,135				561,590
Deposits							2,330				6,603
Trade Notes, Accounts and Other Payable							354,995				312,537
Policy Liabilities and Policy Account Balances							1,943,710				1,953,856
The amounts which are measured at fair value by electing the fair value option are as follows:
March 31, 2026			¥138,027 million
September 30, 2026			¥145,670 million
Current and Deferred Income Taxes							684,072				938,096
Long-term Debt							5,799,160				5,540,896
Other Liabilities							1,107,475				1,069,791
Liabilities of Discontinued Operations Held for Sale							2,943,088				0
Total Liabilities							13,378,965				10,383,369
Redeemable Noncontrolling Interests							50,743				51,603
Commitments and Contingent Liabilities
Common Stock							221,111				221,111
Additional Paid-in Capital							235,239				235,772
Retained Earnings							3,502,509				4,290,052
Accumulated Other Comprehensive Income							605,110				573,880
Treasury Stock, at Cost							(81,469	)			(227,512	)
Total ORIX Corporation Shareholders’ Equity							4,482,500				5,093,303
Noncontrolling Interests							90,568				78,320
Total Equity							4,573,068				5,171,623
Total Liabilities and Equity							18,002,776				15,606,595

- 9 -

Note 1: Breakdown of Accumulated Other Comprehensive Income (Loss)

		As of March 31, 2026				As of September 30, 2026
Accumulated Other Comprehensive Income (Loss)
Net unrealized gains (losses) on investment in securities			(618,351	)			(730,364	)
Impact of changes in policy liability discount rate			715,382				799,262
Debt valuation adjustments			242				272
Defined benefit pension plans			31,953				40,643
Foreign currency translation adjustments			469,262				454,137
Net unrealized gains on derivative instruments			6,622				9,930
Total			605,110				573,880

Note 2: As a result of the decision to sell the shares of ORIX Bank, a former consolidated subsidiary of the Company, in accordance with ASC 205-20 (“Presentation of Financial Statements – Discontinued Operations”), the business of ORIX Bank has been classified as held for sale and a discontinued operation. Accordingly, the prior-period balances of the assets and liabilities related to the business of ORIX Bank have been retrospectively reclassified and presented separately as “Assets of Discontinued Operations Held for Sale” and “Liabilities of Discontinued Operations Held for Sale,” respectively. For further information on the discontinued operations, see (8) Discontinued Operations Information (Unaudited).

Note 3: Goodwill, which was previously included in “Other Assets”, has been presented separately on the consolidated balance sheets since the second quarter of the fiscal year ending March 31, 2027. Accordingly, prior-period consolidated balance sheets have been retrospectively reclassified to conform to the current presentation.

- 10 -

(2) Condensed Consolidated Statements of Income (Unaudited)

(millions of yen)

		Six months ended September 30, 2025				Six months ended September 30, 2026
Revenues :
Finance revenues			137,708				143,964
Gains on investment securities and dividends			41,673				79,643
Operating leases			309,624				325,344
Life insurance premiums and related investment income			299,708				312,741
Sales of goods and real estate			206,964				233,268
Services income			531,922				578,915
Total Revenues			1,527,599				1,673,875
Expenses :
Interest expense			85,029				91,389
Costs of operating leases			201,850				210,824
Life insurance costs			220,628				226,760
Costs of goods and real estate sold			154,612				175,602
Services expense			301,699				318,330
Other (income) and expense			391				(2,696	)
Selling, general and administrative expenses			321,039				401,965
Provision for credit losses			9,781				1,830
Write-downs of long-lived assets			1,397				10,300
Write-downs of securities			749				51
Total Expenses			1,297,175				1,434,355
Operating Income			230,424				239,520
Equity in Net Income of Equity method investments			50,327				809,610
Gains on Sales of Subsidiaries and Equity method investments and Liquidation Losses, net			98,200				68,750
Income from Continuing Operations before Income Taxes			378,951				1,117,880
Provision for Income Taxes			112,662				345,649
Net Income from Continuing Operations			266,289				772,231
Discontinued Operations
Income from Discontinued Operations before Income Taxes			12,531				125,372
Provision for Income Taxes			3,960				35,830
Net Income from Discontinued Operations			8,571				89,542
Net Income			274,860				861,773
Net Income Attributable to the Noncontrolling Interests			3,691				5,835
Net Income (Loss) Attributable to the Redeemable Noncontrolling Interests			73				(280	)
Net Income Attributable to ORIX Corporation Shareholders			271,096				856,218

Note: As a result of the decision to sell the shares of ORIX Bank, a former consolidated subsidiary of the Company, in accordance with ASC 205-20 (“Presentation of Financial Statements – Discontinued Operations”), the business of ORIX Bank has been classified as held for sale and a discontinued operation. Accordingly, the results of operations of ORIX Bank are presented separately from continuing operations. The prior-period results of operations related to the business of ORIX Bank have also been retrospectively reclassified to conform to the current-period presentation. For further information on the discontinued operations, see (8) Discontinued Operations Information (Unaudited).

- 11 -

(3) Condensed Consolidated Statements of Comprehensive Income (Unaudited)

						(millions of yen)
		Six months ended September 30, 2025				Six months ended September 30, 2026
Net Income :			274,860				861,773
Other comprehensive income (loss), net of tax:
Net change of unrealized gains (losses) on investment in securities			(88,065	)			(112,019	)
Impact of changes in policy liability discount rate			311,459				83,880
Net change of debt valuation adjustments			188				30
Net change of defined benefit pension plans			5,545				8,678
Net change of foreign currency translation adjustments			(4,988	)			(16,092	)
Net change of unrealized gains (losses) on derivative instruments			(7,093	)			3,408
Total other comprehensive income (loss)			217,046				(32,115	)
Comprehensive Income			491,906				829,658
Comprehensive Income Attributable to the Noncontrolling Interests			3,043				5,778
Comprehensive Income (Loss) Attributable to the Redeemable Noncontrolling Interests			469				(1,108	)
Comprehensive Income Attributable to ORIX Corporation Shareholders			488,394				824,988

(4) Assumptions for Going Concern

There is no corresponding item.

(5) Significant Changes in Shareholders’ Equity

There is no corresponding item.

(6) Changes in Accounting Policies

There are no changes in accounting policies.

- 12 -

(7) Segment Information (Unaudited)

The Group CEO, as the Chief Operating Decision Maker (“CODM”), regularly allocates management resources and assesses segment performance by using the amount equivalent to income before income taxes attributable to ORIX Corporation Shareholders of each business segment.

Beginning with the current consolidated fiscal year, the Company has reorganized its reportable segments into Japan & APAC, Infrastructure, USA & Europe, and Insurance, reflecting changes in the segments used by the CODM for resource allocation and performance evaluation purposes. In connection with this change, segment information for the previous interim consolidated period and as of the end of the previous fiscal year has been retrospectively recast.

The principal businesses of each segment are as follows

Japan & APAC:

The Japan & APAC segment provides business solutions to corporate clients and engages in corporate investment activities in Japan, Asia and Australia. Its principal businesses include financial services such as leasing, lending and various types of financing; services such as life insurance sales, real estate brokerage and M&A advisory; automobile leasing and fleet management; rental of electronic measuring instruments, ICT-related equipment, transformers and other equipment; and corporate investments in Japan and overseas.

Infrastructure:

The Infrastructure segment engages in the development and operation of assets that support social and industrial infrastructure, as well as the provision of related services. Its principal businesses include environmental and energy-related businesses such as renewable energy power generation, electricity retailing and waste management; real estate investment and asset management; housing-related businesses; operation of hotels, Japanese inns and other facilities; and operation of airports and other public infrastructure. The segment also engages in investment, asset management and brokerage businesses related to aircraft and ships.

USA & Europe:

The USA & Europe segment engages primarily in investment, financing, asset management and advisory businesses in the United States and Europe.Its principal businesses include investment and financial services such as corporate finance, real estate finance, real estate investment, debt investment, asset valuation and private equity investment, as well as asset management businesses covering equities, fixed income and other asset classes.

Insurance:

The Insurance segment engages in the development and sale of insurance products and asset management activities.

- 13 -

The accounting policies of the segments are almost the same as accounting policies for condensed consolidated financial statements except for the treatment of income tax expenses, net income attributable to noncontrolling interests, and net income attributable to redeemable noncontrolling interests. The CODM evaluates segment performance based on the amount equivalent to income before income taxes attributable to ORIX Corporation Shareholders. Therefore, net income attributable to noncontrolling interests, net income attributable to redeemable noncontrolling interests, and income tax expenses are not included in segment profit or loss. Most of selling, general and administrative expenses, including compensation costs that are directly related to the revenue generating activities of each segment and excluding the expenses that should be borne by ORIX Group as a whole, have been accumulated by and charged to each segment. Gains and losses that management does not consider for evaluating the performance of the segments, such as certain interest expenses and certain foreign exchange gains or losses (included in other (income) and expense) are excluded from the segment profits or losses, and are regarded as corporate items.

Assets attributed to each segment are total assets except for certain cash and head office assets.

Effective from the current fiscal year, the Company has revised the method of allocating interest expense for certain transactions. Accordingly, segment figures for the prior interim period have been recast to conform to the current presentation.

On April 27, 2026, the Company decided to sell all shares in ORIX Bank, a consolidated subsidiary, to Daiwa Next Bank, Ltd. As a result of this decision, the operations of ORIX Bank, which had previously been reported as continuing operations, have been classified as discontinued operations in the current fiscal year in accordance with ASC 205-20 (“Presentation of Financial Statements – Discontinued Operations”). Segment information includes only amounts related to continuing operations and excludes the discontinued operations. Segment information for the previous interim consolidated period and as of the end of the previous fiscal year has also been recast to reflect this change. For further information on the discontinued operations, see Note (8), “Discontinued Operations Information (Unaudited).”

- 14 -

Segment information for the six months ended September 30, 2025 and six months ended September 30, 2026 is as follows:

		Millions of yen
		Six months ended September 30, 2025
		Japan & APAC				Infrastructure				USA & Europe				Insurance				Total
Finance revenues			76,931				8,637				52,738				72				138,378
Gains on investment securities and dividends			3,041				21,446				17,238				0				41,725
Operating leases			235,545				75,830				1,038				0				312,413
Life insurance premiums and related investment income			0				0				0				300,947				300,947
Sales of goods and real estate			137,210				67,052				575				0				204,837
Services income			102,821				279,724				146,681				0				529,226
Total Segment Revenues			555,548				452,689				218,270				301,019				1,527,526
Interest expense			26,994				20,925				25,245				259				73,423
Costs of operating leases			163,362				38,933				1,297				0				203,592
Life insurance costs			0				0				0				221,076				221,076
Costs of goods and real estate sold			96,692				56,424				267				0				153,383
Services expense			62,677				203,706				34,632				0				301,015
Other (income) and expense *			5,836				(7,017	)			2,953				(3	)			1,769
Selling, general and administrative expenses			111,406				43,029				123,649				28,857				306,941
Provision for credit losses, and write-downs of long-lived assets and securities			4,421				473				7,059				(26	)			11,927
Total Segment Expenses			471,388				356,473				195,102				250,163				1,273,126
Equity in Net income (Loss) of equity method investments and others			41,545				104,792				(2,892	)			(0	)			143,445
Segment Profits			125,705				201,008				20,276				50,856				397,845
Significant non-cash items:
Depreciation and amortization			139,552				42,481				4,082				12,195				198,310
Increase in policy liabilities and policy account balances			0				0				0				196,700				196,700
Expenditures for long-lived assets			219,972				168,945				2,100				102				391,119

* Other (income) and expense includes items such as expenses of taxes and insurance premiums related to finance leases, impairment of goodwill and intangible assets, gains and losses on derivatives, and foreign exchange gains and losses.

		Millions of yen
		Six months ended September 30, 2026
		Japan & APAC				Infrastructure				USA & Europe				Insurance				Total
Finance revenues			76,638				14,807				53,243				74				144,762
Gains on investment securities and dividends			(1,609	)			(159	)			81,151				0				79,383
Operating leases			244,028				81,332				2,596				0				327,956
Life insurance premiums and related investment income			0				0				0				313,593				313,593
Sales of goods and real estate			161,602				68,041				1,628				0				231,271
Services income			130,034				237,858				207,911				0				575,803
Total Segment Revenues			610,693				401,879				346,529				313,667				1,672,768
Interest expense			32,015				22,005				28,684				254				82,958
Costs of operating leases			170,597				39,386				2,782				0				212,765
Life insurance costs			0				0				0				226,902				226,902
Costs of goods and real estate sold			117,658				55,949				939				0				174,546
Services expense			85,810				185,390				45,211				0				316,411
Other (income) and expense *			11,155				(3,648	)			(9,409	)			1				(1,901	)
Selling, general and administrative expenses			123,381				46,138				183,958				29,346				382,823
Provision for credit losses, and write-downs of long-lived assets and securities			2,273				453				(241	)			79				2,564
Total Segment Expenses			542,889				345,673				251,924				256,582				1,397,068
Equity in Net income (Loss) of equity method investments and others			848,610				25,873				(2,794	)			(0	)			871,689
Segment Profits			916,414				82,079				91,811				57,085				1,147,389
Significant non-cash items:
Depreciation and amortization			152,113				42,840				6,642				13,913				215,508
Increase in policy liabilities and policy account balances			0				0				0				123,224				123,224
Expenditures for long-lived assets			237,710				219,601				76,062				255				533,628

* Other (income) and expense includes items such as expenses of taxes and insurance premiums related to finance leases, impairment of goodwill and intangible assets, gains and losses on derivatives, and foreign exchange gains and losses.

- 15 -

Segment information as of March 31, 2026 and September 30, 2026 is as follows:

		Millions of yen
		As of March 31, 2026
		Japan & APAC				Infrastructure				USA & Europe				Insurance				Total
Net investment in leases			1,194,048				52,913				433				0				1,247,394
Installment loans			680,872				35,097				757,103				15,191				1,488,263
Investment in operating leases			1,118,843				976,673				39,605				25,457				2,160,578
Investment in securities			80,956				154,105				618,885				2,288,116				3,142,062
Property under facility operations and servicing assets			119,002				656,847				82,749				0				858,598
Inventories			45,020				223,164				699				0				268,883
Advances for finance lease and operating lease			11,317				78,924				0				0				90,241
Equity method investments			457,931				685,773				71,582				46,002				1,261,288
Advances for property under facility operations			4,001				123,899				0				0				127,900
Goodwill, intangible assets acquired in business combinations			384,231				221,750				690,949				4,452				1,301,382
Other assets *			624,640				365,927				479,026				819,052				2,288,645
Segment Assets			4,720,861				3,575,072				2,741,031				3,198,270				14,235,234

* Other assets include cash and cash equivalents, restricted cash, allowance for credit losses, trade notes, accounts and other receivables, office facilities, loans to ORIX and its subsidiaries, reinsurance recoverables and deferred acquisition costs.

		Millions of yen
		As of September 30, 2026
		Japan & APAC				Infrastructure				USA & Europe				Insurance				Total
Net investment in leases			1,192,932				36,065				1,825				0				1,230,822
Installment loans			645,638				37,425				835,600				16,255				1,534,918
Investment in operating leases			1,130,077				1,042,058				107,837				25,870				2,305,842
Investment in securities			95,933				152,193				458,618				2,265,348				2,972,092
Property under facility operations and servicing assets			88,514				669,735				85,712				0				843,961
Inventories			47,053				231,894				996				0				279,943
Advances for finance lease and operating lease			14,431				58,192				0				0				72,623
Equity method investments			1,198,833				705,094				77,343				47,620				2,028,890
Advances for property under facility operations			204				126,177				0				0				126,381
Goodwill, intangible assets acquired in business combinations			364,295				224,187				665,063				4,452				1,257,997
Other assets *			571,915				343,309				517,622				847,571				2,280,417
Segment Assets			5,349,825				3,626,329				2,750,616				3,207,116				14,933,886

* Other assets include cash and cash equivalents, restricted cash, allowance for credit losses, trade notes, accounts and other receivables, office facilities, loans to ORIX and its subsidiaries, reinsurance recoverables and deferred acquisition costs.

- 16 -

The reconciliation of segment totals to the condensed consolidated financial statement amounts is as follows:

		Millions of yen
		Six months ended September 30, 2025				Six months ended September 30, 2026
Segment revenues:
Total revenues for segments			1,527,526				1,672,768
Revenues related to corporate assets			38,104				42,797
Revenues from inter-segment transactions			(38,031	)			(41,690	)
Total consolidated revenues			1,527,599				1,673,875
Segment profits:
Total profits for segments			397,845				1,147,389
Corporate profits (losses)			(23,140	)			(35,559	)
Net Income before Income Taxes Attributable to Noncontrolling Interests and Redeemable Noncontrolling Interests			4,246				6,050
Total consolidated income from continuing operations before income taxes			378,951				1,117,880

- 17 -

(8) Discontinued Operations Information (Unaudited)

On April 27, 2026, the Company entered into a share transfer agreement with Daiwa Next Bank, Ltd. to sell all shares in ORIX Bank, a consolidated subsidiary of the Company. Pursuant to this agreement, the sale of the shares was completed on August 3, 2026. As a result, starting from the second quarter of the current fiscal year, ORIX Bank was excluded from the Company’s scope of consolidation.

As a result of the decision to sell the shares, in accordance with ASC 205-20 (“Presentation of Financial Statements – Discontinued Operations”), the business of ORIX Bank has been classified as held for sale and a discontinued operation.

Accordingly, in the condensed consolidated balance sheets, the prior-period balances of the assets and liabilities related to the business of ORIX Bank have been retrospectively reclassified and presented separately as “Assets of Discontinued Operations Held for Sale” and “Liabilities of Discontinued Operations Held for Sale,” respectively. Furthermore, in the condensed consolidated statements of income, the results of operations of ORIX Bank are presented separately from continuing operations as “discontinued operations.”. The prior-period results of operations related to the business of ORIX Bank have also been retrospectively reclassified to conform to the current-period presentation.

The Company recognized a gain of ¥124,295 million on the sale of the shares of ORIX Bank on August 3, 2026 in income from discontinued operations before income taxes during the six months ended September 30, 2026.

The following table presents the classes of assets and liabilities of discontinued operations classified as held for sale as of March 31, 2026 and September 30, 2026.

		Millions of yen
		As of March 31, 2026				As of September 30, 2026
Assets
Cash and Cash Equivalents			319,586				0
Restricted Cash			2,025				0
Installment Loans			2,685,320				0
Allowance for Credit Losses			(3,852	)			0
Investment in Operating Leases			0				0
Investment in Securities			166,331				0
Equity method investments			2,239				0
Trade Notes, Accounts and Other Receivable			826				0
Office Facilities			13,890				0
Other Assets			9,037				0
Total Assets of Discontinued Operations Held for Sale			3,195,402				0
Liabilities
Short-term Debt			28,100				0
Deposits			2,623,225				0
Trade Notes, Accounts and Other Payable			1,013				0
Current and Deferred Income Taxes			3,712				0
Long-term Debt			166,600				0
Other Liabilities			120,438				0
Total Liabilities of Discontinued Operations Held for Sale			2,943,088				0

- 18 -

The following table presents the classes of net income from discontinued operations for the six months ended September 30, 2025 and 2026.

		Millions of yen
		Six months ended September 30, 2025				Six months ended September 30, 2026
Revenues :
Finance revenues			39,641				27,634
Gains (Losses) on investment securities and dividends			(3,975	)			0
Services income			1,233				831
Total Revenues			36,899				28,465
Expenses :
Interest expense			8,782				8,126
Services expense			3,529				2,538
Other (income) and expense			10				(24	)
Selling, general and administrative expenses			11,916				9,742
Provision for credit losses			207				105
Write-downs of long-lived assets			0				6,827
Total Expenses			24,444				27,314
Operating Income			12,455				1,151
Equity in Net Income (Loss) of Equity method investments			79				(74	)
Gains on Sales of Subsidiaries and Equity method investments and Liquidation Losses, net			(3	)			124,295
Income from Discontinued Operations before Income Taxes			12,531				125,372
Provision for Income Taxes			3,960				35,830
Net Income from Discontinued Operations			8,571				89,542

(9) Subsequent Events

There are no material subsequent events.

- 19 -

Announcement Regarding Interim Dividend for the Fiscal Year Ending March 31, 2027

TOKYO, Japan – November 9, 2026 – ORIX Corporation (“ORIX”) announced today that its Board of Directors passed a resolution approving the interim dividend, the record date of which is September 30, 2026.

Regarding the interim dividend for the fiscal year ending March 31, 2027, we have decided on a dividend per share of 113.56 yen based on the dividend policy resolved by the Board of Directors on August 6, 2026.

		Determined Items		Previous Dividend Forecast		Interim Dividend Paid for the Fiscal Year Ended March 31, 2026
Record Date		September 30, 2026		September 30, 2026		September 30, 2025
Dividend Per Share		113.56 yen*		107.27 yen		93.76 yen
Total Dividend Amount		122,593 million yen		—		104,883 million yen
Effective Date		December 7, 2026		—		December 9, 2025
Source of Dividend		Retained earnings		—		Retained earnings

* In accordance with the dividend policy for the fiscal year ending March 31, 2027, the interim dividend was calculated by applying 39% to adjusted EPS based on adjusted net income attributable to ORIX Corporation Shareholders of 317,529 million yen for the six months ended September 30, 2026, calculated by deducting 538,689 million yen, the after-tax equivalent of the after-tax income arising from gains or losses on the sale and valuation of shares of Kioxia Holdings Corporation (Head Office: Minato-ku, Tokyo; President and CEO: Hiroo Ota; “Kioxia”) by Toshiba Corporation (Head Office: Kawasaki City, Kanagawa Prefecture; President and CEO: Taro Shimada; “Toshiba”), which ORIX Corporation recognizes through TB Investment Limited Partnership, an equity-method affiliate of ORIX Corporation, from net income attributable to ORIX Corporation Shareholders of 856,218 million yen.

(Reference) ORIX Corporation’s dividend policy for the fiscal year ending March 31, 2027

For the fiscal year ending March 31, 2027, after-tax income arising from gains or losses on the sale and valuation of shares of Kioxia by Toshiba, recognized through TB Investment Limited Partnership, an equity-method affiliate of ORIX Corporation (the “Relevant Gains or Losses”), is recognized in ORIX Corporation’s consolidated earnings. Although the Relevant Gains or Losses are substantial, they may fluctuate with future changes in Kioxia’s share price. In addition, ORIX Corporation will not directly receive cash inflows corresponding to the Relevant Gains or Losses.

Accordingly, ORIX Corporation’s dividend policy for the fiscal year ending March 31, 2027 is that the annual dividend will be the higher of either an amount calculated by applying 39% to adjusted EPS calculated based on adjusted net income attributable to ORIX Corporation Shareholders after deducting the after-tax equivalent of the Relevant Gains or Losses from net income attributable to ORIX Corporation Shareholders, or 156.10 yen per share.

Contact Information:

Investor Relations Department

ORIX Corporation

Tel: +81-3-3435-3121

About ORIX Group:

ORIX Group (ORIX Corporation TSE: 8591; NYSE: IX) was established in 1964 and has grown from its roots in leasing in Japan to become a global, diverse, and unique corporate group. Today, it is active around the world in financing and investment, life insurance, asset management, real estate, public infrastructure, environment and energy, automobile-related services, industrial/ICT equipment, ships and aircraft. Since expanding outside of Japan in 1971, ORIX Group has grown its business globally and now operates in around 30 countries and regions across the world with approximately 36,000 people. ORIX Group unites globally around its Purpose: “Finding Paths. Making Impact.” combining diverse expertise and innovative thinking to help our world develop in a sustainable way.

For more details, please visit our website: https://www.orix.co.jp/grp/en/

(As of September 30, 2026)

Caution Concerning Forward-Looking Statements:

This document may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and under “(4) Risk Factors” of the “1. Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2025 – March 31, 2026” furnished on Form 6-K.

Notice Regarding Recognition of Equity in Net Income of Equity Method Investments

TOKYO, Japan – November 9, 2026 – ORIX Corporation (“ORIX”) announced today that it recognized 809,610 million yen in equity in net income of equity method investments for the consolidated interim period of the fiscal year ending March 31, 2027 (April 1, 2026 – September 30, 2026).

The recognition was mainly attributable to ORIX recording 795,700 million yen in equity in net income of equity method investments through TB Investment Limited Partnership, an equity method investment of ORIX, in connection with gains on sales of shares and valuation gains related to Kioxia Holdings Corporation (Head office: Minato-ku, Tokyo; President and CEO: Hiroo Ota; “Kioxia”) recorded by Toshiba Corporation (Head office: Kawasaki City, Kanagawa Prefecture; President and CEO: Taro Shimada; “Toshiba”) in the fourth quarter of the fiscal year ended March 31, 2026 and the first quarter of the fiscal year ending March 31, 2027.

The future impact on ORIX’s earnings may fluctuate due to future changes in Kioxia’s share price and other factors. As it is currently difficult to reasonably estimate the impact on ORIX’s full-year consolidated results, ORIX has not revised its earnings forecasts.

Regarding the impact on ORIX’s full-year consolidated results, ORIX will promptly disclose any revision to its earnings forecasts if it determines that one is necessary.

Contact Information:

Investor Relations Department

ORIX Corporation

Tel: +81-3-3435-3121

About ORIX Group:

ORIX Group (ORIX Corporation TSE: 8591; NYSE: IX) was established in 1964 and has grown from its roots in leasing in Japan to become a global, diverse, and unique corporate group. Today, it is active around the world in financing and investment, life insurance, asset management, real estate, public infrastructure, environment and energy, automobile-related services, industrial/ICT equipment, ships and aircraft. Since expanding outside of Japan in 1971, ORIX Group has grown its business globally and now operates in around 30 countries and regions across the world with approximately 36,000 people. ORIX Group unites globally around its Purpose: “Finding Paths. Making Impact.” combining diverse expertise and innovative thinking to help our world develop in a sustainable way.

For more details, please visit our website: https://www.orix.co.jp/grp/en/

(As of September 30, 2026)

Caution Concerning Forward-Looking Statements:

This document may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and under “(4) Risk Factors” of the “1. Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2025 – March 31, 2026” furnished on Form 6-K.