ORIX Corporation reported sharply stronger results for the nine months ended December 31, 2025. Total revenues rose 12% to ¥2,408,910 million, while income before income taxes increased 48% to ¥567,719 million. Net income attributable to ORIX shareholders grew 43% to ¥389,675 million, lifting basic earnings per share from ¥237.46 to ¥347.14.
Profit growth was driven by higher gains on investment securities and dividends, including gains from transferring shares of Greenko Energy Holdings, stronger life insurance premiums and investment income, and higher service income. Segment profits rose 40% to ¥596,444 million, with especially large increases in Environment and Energy and PE Investment and Concession.
ORIX’s financial position also improved. Total assets increased to ¥18,125,609 million and shareholders’ equity rose 12% to ¥4,584,992 million, boosting the shareholders’ equity ratio to 25.3%. The company plans an interim dividend of ¥93.76 per share and targets an annual dividend of at least ¥120.01, with a payout ratio guideline of 39%.
ORIX Corporation reported updated progress on its ongoing share repurchase program. From January 1 to January 31, 2026, the company repurchased 4,407,600 common shares through market purchases for a total of JPY 20,814,569,100 under a discretionary dealing contract.
Under the Board-approved program, ORIX may buy back up to 60,000,000 shares (about 5.4% of outstanding shares excluding treasury) for up to JPY 150 billion between May 19, 2025 and March 31, 2026. Cumulatively, as of January 31, 2026, ORIX has repurchased 34,024,800 shares for JPY 128,084,631,200.
ORIX Corporation files an updated corporate governance report describing how it complies with Japan’s Corporate Governance Code and manages sustainability, human capital, and internal controls. The company highlights diversity goals, noting that as of March 31, 2025, female employees represented 45.4% of staff at ORIX Corporation and 47.8% across nine group companies in Japan, with female managers at 33.2% and 28.8% respectively. One ESG key goal is for women to hold over 30% of management roles across the group by the fiscal year ending March 31, 2030.
As of January 1, 2026, the Board of Directors has 10 members, including 6 outside directors, with 3 women and 1 non‑Japanese director. Nominating, Audit, and Compensation Committees each consist entirely of outside directors and recorded 100% attendance in fiscal 2025. Major shareholders include The Master Trust Bank of Japan, Ltd. (Trust Account) with 216,027,500 shares, or 18.95%.
The report outlines performance‑linked and share‑based compensation, such as total compensation of ¥417 million for Makoto Inoue and ¥164 million for Hidetake Takahashi, tied to company‑wide and divisional performance targets, where 90% of the consolidated net income growth milestone was achieved. ORIX also details whistleblower protections, strict policies against antisocial forces, robust risk management, and extensive engagement with shareholders through early meeting notices, electronic voting, English materials, and regular investor briefings.
ORIX Corporation reports the repurchase of 4,322,000 common shares for JPY 18,936,742,100 from December 1 to December 31, 2025, through market purchases under a discretionary dealing contract. This activity is part of an existing share buyback program authorizing the repurchase of up to 60,000,000 common shares, described as approximately 5.4% of total outstanding shares excluding treasury shares, and up to JPY 150 billion in total purchase price from May 19, 2025 to March 31, 2026. As of this update, the company has repurchased a cumulative 29,617,200 shares for JPY 107,270,062,100 under the program.
ORIX Corporation is reshaping its leadership and structure. The Board has decided to appoint Hidetake Takahashi, currently President and Chief Operating Officer, as President and Chief Executive Officer effective January 1, 2026. Makoto Inoue, now Chairman and Chief Executive Officer, will step down from these roles and is expected to become Corporate Advisor after the 63rd Annual General Meeting of Shareholders scheduled for June 2026.
Alongside these changes, ORIX is implementing a wide-ranging organizational reform. The Group Strategy Business Unit, Corporate Function Unit and Legal Function Unit will be abolished, and new groupings such as the Japan & APAC Business Unit, Infrastructure Business Unit, USA & Europe Business Unit, Digital Innovation Unit, Corporate Strategy and Management Unit, HR and Administration Unit, Risk Management Unit and Legal and Compliance Unit will be established, realigning regional, functional and risk oversight responsibilities to support long-term growth.
ORIX Corporation reported the latest status of its ongoing share repurchase program. From November 1 to November 30, 2025, the company repurchased 2,555,500 common shares for a total of JPY 10,301,571,500 through market purchases under a discretionary dealing contract. This buyback is part of a broader program authorizing repurchases of up to 60,000,000 common shares, or approximately 5.4% of total outstanding shares excluding treasury shares, for up to 150 billion yen between May 19, 2025 and March 31, 2026. As of this update, ORIX has repurchased a cumulative total of 25,295,200 shares for JPY 88,333,320,000 under the program.
ORIX Corporation reported that its subsidiary OFI • 01 Corporation successfully completed a tender offer for common shares of I-NET Corp.. Investors tendered 12,907,969 shares, above the minimum 10,171,800 shares required, at a price of JPY 2,530 per share, so all tendered shares will be purchased. After the tender offer, OFI • 01 holds voting rights corresponding to 84.60% of I-NET’s total voting rights. The Offeror plans a share consolidation as a squeeze-out procedure to become I-NET’s sole shareholder, followed by delisting of I-NET shares from the Prime Market of the Tokyo Stock Exchange. Completion of the remaining procedures is scheduled for early March 2026. ORIX views IT and information services as a key focus area and aims to enhance I-NET’s corporate value by combining I-NET’s data center, cloud, DX, and space-related expertise with the ORIX Group’s broader business platform and relationships.
ORIX Corp filed a Form 13F Combination Report listing 1 holding valued at $36,552,574. The filing is signed by Stan Koyanagi and shows the report type as a 13F Combination Report with a single information-table entry. The report value total is $36,552,574.
ORIX Corp filed an amended Form 13F (Amendment No. 1) restating its prior report and adding new holdings entries. The amendment lists 1 Form 13F information table with a total value of $230,569,084. The report is signed by Stan Koyanagi and dated 11-13-2025.
ORIX (IX) provides detailed updates on fair value measurements, insurance contracts, investments, and financing assets. Certain subsidiaries elected the fair value option on variable annuity and variable life insurance contracts, with policy liabilities and account balances of ¥136,257 million as of March 31, 2025 and ¥142,700 million as of September 30, 2025. Reinsurance contracts measured at fair value were ¥2,586 million and ¥1,515 million on those dates.
Fair value elections also apply to investment funds (aggregate fair value ¥24,960 million as of March 31, 2025 and ¥24,488 million as of September 30, 2025) and select debt securities, with recognized gains for the six months ended September 30, 2025 including ¥1,206 million on investment funds, ¥90 million on foreign government bonds, and ¥365 million on foreign corporate debt. Life insurance–related investment income included a net unrealized holding gain of ¥30,360 million on equity securities for the six months ended September 30, 2025, versus a loss of ¥997 million a year earlier. Loans held for sale elected for fair value recorded a loss of ¥1,077 million for the six months ended September 30, 2025; unpaid principal and fair value were ¥85,865 million and ¥85,724 million as of September 30, 2025. Allowances rose to ¥771 million for available-for-sale debt securities and ¥11,953 million for off-balance sheet credit exposure. Assets of most VIEs are only available to settle VIE liabilities.