ORIX Corporation

A leasing company that grew into a diversified financial and investment group, with holdings running from aircraft to solar farms to a regional bank.

An ORIX office building in Osaka

Photo: TOSHI · blog.osakanight.com

Business Description

ORIX operates through segments covering corporate financial services, real estate, private equity investment, environment and energy, insurance, banking and credit, aircraft and ships, and asset management, the last of these built around the Dutch manager Robeco. Earnings are deliberately spread so that no single line dominates the group.

That breadth is also the investment case against it: the conglomerate is hard to value on any single multiple and the shares have traded persistently below book value, which management has addressed with buybacks and by exiting sub-scale businesses. Founded in 1964 as Orient Leasing, the first company of its kind in Japan, ORIX now earns a substantial share of its profit outside the country.

Corporate Data

Ticker8591
ExchangeTokyo Stock Exchange
Size CategoryTOPIX Large70
Market SegmentPrime Market
SectorOther Financing Business
Head OfficeWorld Trade Center Building South Tower, 2-4-1 Hamamatsucho, Minato-ku, Tokyo 105-5135, Japan
FoundedApril 17, 1964
Fiscal Year EndMarch 31
WebsiteOfficial website

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