ORIX Corporation
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About the company
ORIX Corporation, a diversified global financial services firm, traces its origins to Tokyo, Japan, where it was founded in 1950. Originally established as Orient Leasing Co. , Ltd.
- CEO
- Hidetake Takahashi
- IPO
- 1998
- Employees
- 37,286
- HQ
- Tokyo, TY, JP
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $41.68B
- P/E
- 10.72
- Fwd P/E
- 0.05
- PEG
- 0.15
- P/S
- 1.93
- P/B
- 1.40
- EV/EBITDA
- 7.68
- Div Yield
- 2.59%
- Gross Margin
- 32.19%
- Op Margin
- 27.22%
- Net Margin
- 18.07%
- ROE
- 13.63%
- ROIC
- 3.42%
Latest fiscal year · YoY change
- Revenue
- $3.53T+22.8%
- Gross Profit
- $1.13T-5.7%
- Op Income
- $770.68B
- Net Income
- $475.04B+35.1%
- EPS
- $425.01+38.1%
- OCF Growth
- +7.7%
- FCF Growth
- -96.9%
- 52W High
- $42.39
- 52W Low
- $24.19
- 50D MA
- $39.54
- 200D MA
- $33.39
- Beta
- 0.72
- RSI (14)
- 36
- Avg Volume
- 284.71K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
ORIX delivered another record profit year, but FY27 guidance assumes lower one-off gains while the company leans harder into portfolio rotation, business model shifts, and shareholder returns.· May 12, 2026
- FY26 net income hit a record JPY 447.3 billion, up JPY 95.6 billion or 27% year over year, and ROE improved to 10.4%.
- Pretax profit rose to JPY 691.4 billion, up JPY 211 billion or 44%, helped by gains in finance, operations, and especially investments.
- FY27 guidance is for net income of JPY 530 billion and ROE of 11.7%, with pretax profit targeted at JPY 760 billion.
- Management announced the sale of ORIX Bank, with a pretax gain of about JPY 124.2 billion expected in FY27, and lifted the planned buyback to JPY 250 billion.
- Shareholder returns remain a priority: FY26 DPS was JPY 156.1, and FY27 DPS is guided to JPY 187.36 with a 39% payout ratio and projected total return ratio of 85.9%.
ORIX reported FY26 net income of JPY 447.3 billion, beating the revised forecast of JPY 440 billion and marking a third straight year of record profits. Net income increased JPY 95.6 billion, or 27%, from the prior year, and ROE was 10.4%, up 1.6 percentage points. Pretax profit was JPY 691.4 billion, up JPY 211 billion or 44% year over year. In Q4, net income was JPY 57.6 billion, weighed down by JPY 97.2 billion of impairments, mainly at ORIX USA. FY27 guidance calls for net income of JPY 530 billion, ROE of 11.7%, and pretax profit of JPY 760 billion, with finance segment profit expected at JPY 308.3 billion, operations at JPY 240.7 billion, and investments at JPY 290 billion. The company also guided to a full-year dividend of JPY 187.36, a JPY 250 billion buyback, and an 85.9% projected total return ratio.
CEO Hidetake Takahashi framed FY26 as a year of steady progress in the first stage of the company’s long-term vision and a major management transition. He emphasized three priorities: portfolio optimization, sophisticated risk management, and new business creation, then added business model transformation under the new structure. His tone was confident but disciplined, stressing that ORIX will keep balancing growth investment and shareholder returns while improving capital efficiency and making faster, more accountable decisions through the new CxO system.
CFO Masataka Yamada highlighted the key financial outcomes and the bridge into FY27. He pointed to record FY26 net income of JPY 447.3 billion, pretax profit of JPY 691.4 billion, and the quarterly impairment burden of JPY 97.2 billion, while noting that investment profits benefited from Greenko and other asset sales. For FY27, he guided to JPY 530 billion net income, JPY 760 billion pretax profit, and JPY 187.36 DPS, supported by a JPY 250 billion buyback; he said the higher buyback reflects cash inflows and capital release from the ORIX Bank sale, future profit levels, ROE, and financial soundness.
Analysts pressed management on why ORIX Bank is being sold, whether the JPY 124.2 billion gain is the main factor, and how the cash will be used. Management said the bank had weaker deposit stickiness, limited room to improve ROA because it is a regulated business, and lower strategic fit versus other uses of capital; proceeds will not be earmarked for one specific purpose, but rather reinvested where ORIX has competitive advantage, especially real assets and Japan PE. Questions also focused on U.S. credit costs, Middle East exposure, China, and future ROE growth; management said U.S. issues are being actively reduced but recovery will take years, Middle East direct exposure is limited, China exposure will be managed and rotated rather than exited, and reaching 15% ROE by FY35 remains a stretch but achievable through steady execution.
The bull case from this call is that ORIX is still compounding profit at a high level while actively reshaping the portfolio. Management sees room to grow through asset rotation, new business creation such as Hilco Global, and better use of capital in real assets, while shareholder returns are being stepped up with a larger buyback and higher DPS. The ORIX Bank sale also frees capital and could improve portfolio efficiency.
The main risks are that a meaningful part of FY27 guidance depends on one-offs and portfolio actions rather than pure operating growth, while U.S. restructuring still needs time and China/inbound Japan businesses face geopolitical and demand uncertainty. Management also flagged possible pressure from slower Japanese tourism from China, softening hotel performance, volatile Middle East conditions, and credit deterioration risk in U.S. private credit and real estate lending. The company acknowledged that reaching its longer-term ROE targets will require several more years of disciplined execution.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 99.2%
- Shares Outstanding
- 1.11B
- Float Shares
- 1.10B
of shares held by institutions
282 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for IX, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Greg GianforteHouse · MT00 | Buy | Nov 13, 20 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Fmr LLC | 6.03M | ▲ 89.91K |
| Morgan Stanley | 5.00M | ▼ 8.55K |
| Bank Of America Corp | 3.23M | ▲ 331.72K |
| Todd Asset Management LLC | 1.82M | ▼ 17.55K |
| Clearbridge Investments, LLC | 1.75M | ▲ 703.28K |
| Northern Trust Corp | 1.36M | ▲ 47.26K |
| Cullen Capital Management, LLC | 1.22M | ▲ 140.49K |
| American Century Companies Inc | 1.16M | ▲ 196.01K |
| Teachers Retirement System Of The State Of Kentucky | 1.15M | 0 |
| Natixis Advisors, L.P. | 1.05M | ▲ 278.38K |
| Quantinno Capital Management LP | 1.04M | ▲ 113.68K |
| Blackrock, Inc. | 903.21K | ▼ 35.75K |
Held by 12 ETFs
Biggest fund positions in IX by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jun 23, 26 | Irie Shuji | other | 37,370 |
| Jun 23, 26 | Otsuka Takashi | other | 15,750 |
| May 20, 26 | Otsuka Takashi | buy | 13.159 |
| Jun 23, 26 | Hodo Chikatomo | other | 2,000 |
| Jun 23, 26 | Yanagawa Noriyuki | other | 2,000 |
| Jun 23, 26 | Yamada Masataka | other | 37,370 |
| Jun 23, 26 | Matsuzaki Satoru | other | 51,910 |
| May 20, 26 | Matsuzaki Satoru | buy | 6.579 |
| Jun 23, 26 | Takahashi Hidetake | other | 81,560 |
| Jun 23, 26 | Ishihara Tomohiko | other | 11,960 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our IX coverage
Recent articles, reports, and earnings notes.
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