FAQ

total revenues were \714.6 billion, a 3% increase year on year, income before income taxes was ¥102.5 billion, a 36% increase year on year and net income was ¥68.8 billion, a 35% increase year on year. Net Income has increased for three consecutive quarters.
ORIX has achieved 89% of its fiscal year forecast of ¥77.5 billion in net income.
(For more information, please refer to our Consolidated Financial Results Press Release [42KB] and Quarterly Financial Results [242KB].)

Please refer to the IR Events for the dates of upcoming financial results announcements.

ORIX's fiscal year ends March 31. ORIX also announces results on a quarterly basis.

ORIX forecasts total revenues of 980 billion yen (up 1% year on year) and net income attributable to ORIX Corporation of 77.5 billion yen (up 15% year on year) for the fiscal year ending March 31, 2012.

The Corporate Financial Services segment is aiming to further accelerate the "Finance + Services" strategy.

Maintenance Leasing segment revenues are forecasted to be stable through the expansion of high value-added services.

The Real Estate segment is seeking to strengthen its stable revenue base by continuous asset turnover, joint investments with overseas investors and promotion of its real estate-related asset management business.

The Investment and Operation segment aims for stable revenues through business expansion capitalizing on loan servicing expertise and the promotion of equity investments.

The Retail segment forecasts profit contributions with the expansion of the life insurance and banking businesses.

The Overseas Business segment aims to expand stable revenues centered around subsidiaries added to the Group during the previous fiscal year in the U.S. In addition, it will embrace growth in developing economies particularly Asia while capitalizing on the network and operating base that it has established over the years.

Due to the application of new accounting standards starting in this fiscal year relating to the consolidation of variable interest entities (VIEs)*, total assets increased 1,147.4bn yen, total liabilities increased 1,169.0bn yen, and retained earnings, net of tax decreased 22.5bn yen, respectively.

Assets increased primarily in installment loans and investment in direct financing leases. On the liabilities side, there was an increase in long-term debt. Although total assets and liabilities increased through the consolidation of the VIEs, the net cash flow and economic effects of our investments in these entities have not changed. In addition, the creditors of the liabilities of the consolidated VIEs have no recourse to other assets of the Company and its subsidiaries.

* A VIE is a special-purpose company, partnership or trust used in the course of securitization and real estate development specified in the scope of application of the revised accounting standards.

ORIX has adopted US Generally Accepted Accounting Principles, which state that in the event of the sale of a subsidiary and/or business, the consolidated gains (losses) are to be reclassified for previous fiscal years. This may result in different figures the previously disclosed for such items as total revenue. The most recent results include the most current figures, which can be found here.

Information is available here.

Please refer to the Five-Year Summary for a snapshot of ORIX's last five years' results. Please see the IR Library section for Annual Reports, Financial Results and other documents.

You can view ORIX's Annual report as an e-book or download it.

The ORIX Group believes that it is vital to respond to changes in the market environment with agility and flexibility.
The ORIX Group consists of six business segments (Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail and Overseas Business) that represent a wide range of businesses, and Group-wide risk is controlled through a diversified business portfolio. At the same time, ORIX is able to capture profit-earning opportunities from various angles by the Group-wide sharing of information garnered from its wide-ranging domestic and international business and client base.
ORIX maintains a stable funding base, with a high share of long-term debt consisting of bonds, solid relationships with over 200 domestic and international financial institutions, and a ratio of indirect and direct funding at about 50:50.

Going forward, ORIX will continue its pursuit of the mid-term management strategies of Increasing the pace of "Finance + Services" and "Embracing growth in emerging markets including Asia" while focusing on expanding operations through business portfolio diversification.

1. Increase the pace of "Finance + Services": After the occurrence of structural changes in the finance business environment caused by the financial crisis, providing additional high value-added services has been deemed essential for pursuing increased profitability in the finance business. The ORIX Group is already providing "Finance + Services" through its maintenance leasing service and loan servicing operations. Going forward, ORIX will capitalize on its accumulated Group client base, know-how and expertise to develop new business areas and provide more advanced services.
2. "Embracing growth in emerging markets including Asia": As significant economic growth is observed in emerging markets, business expansion in Asia, especially China, is vital for company growth. ORIX Group will embrace growth in these countries by expanding operations capitalizing on local subsidiaries and partner networks it has established in emerging markets including Asia in addition to leveraging its successful investment track record.

ORIX will also further strengthen and enhance its existing operating platform in the deployment of this strategy. In addition, ORIX will create a new operating base by continually developing new products and services and making proposals valued by clients and society.

ORIX has over a 40-year history of expanding in Asia, since establishing its first overseas office in Hong Kong in 1971. ORIX forms partnerships with influential companies in each region and provides services to local customers. The Asian region was greatly impacted by the Asian Currency Crisis in 1997 prompting many overseas companies to exit the region, yet ORIX maintained its operations. Based on this experience, ORIX's basic policy is one of prudent response. "Diversified investments" and "thorough observation of each transaction by top management" are especially important. Going forward, ORIX will maintain this policy and look for the right timing to take action.

A 10% ROE is ORIX's medium- to long-term target. Currently, ROA (return on assets) is around 1%^*1 and the D/E ratio is approximately 3x^*2. ORIX is continuing to turn over its asset portfolio to include high-profitability assets through the accumulation of quality assets, improving ROA. The current level of leverage is considered to be the bottom, and will increase going forward.
*1 1.09% ROA as of December 31, 2011
*2 2.7x Adjusted D/E ratio (long- and short-term debt / shareholders' equity) as of December 31, 2011

ORIX believes that corporate governance is vital for the execution of business in line with the Company's management policies, and had constructed a highly transparent corporate governance framework. Outside Directors were implemented in 1999, and ORIX transitioned to a "Company with Committees" board model in 2003 (becoming a "Company with Committees" in 2006 with the implementation of the Companies Act). Currently all three committees (Nominating, Audit and Compensation) are comprised solely of Outside Directors, and all Outside Directors have a high degree of expertise in their respective fields.

In Japan:
First Section, Tokyo Stock Exchange
First Section, Osaka Securities Exchange
ORIX Stock Exchange Code: 8591

Overseas:
New York Stock Exchange
ORIX Stock Exchange Code: IX

10.

Please contact ORIX's transfer agent for common shares:
Mitsubishi UFJ Trust and Banking Corporation
7-10-11, Higashisuna, Koto-ku,
Tokyo 137-8081, Japan
Tel 0120-232-711

Please refer to the ORIX Stock Information page by following the link provided. ORIX is aiming to be well evaluated by its wide range of shareholders including retail investors.

A 80 yen dividend per share was paid for the fiscal year ended March 31, 2011.
Regarding dividends, ORIX responds to shareholder expectations through increasing shareholder value through mid-to long-term profit growth and steady distribution of profit. Dividend distribution is scheduled once a year as a year-end dividend.

ORIX plans to pay a yearly dividend.

To receive uncollected dividends, please contact Mitsubishi UFJ Trust and Banking Corporation, our shareholder register manager.

Mitsubishi UFJ Trust and Banking Corporation
7-10-11, Higashisuna, Koto-ku,
Tokyo 137-8081, Japan
Tel 0120-232-711

The time limit to receive uncollected dividends is three years, as stipulated by the Articles of Incorporation. Payment cannot be made for dividends that have exceeded the three year time limit. Please collect your dividends promptly upon start of payment.

Information is available here.

A "Shareholder Discount Campaign" to promote an intimate connection between shareholders and ORIX Group is introduced in the shareholder publication "Yu" that is sent out at the end of the fiscal year. This will allow shareholders to use various services provided by ORIX Group at a discount.

"Shareholder Discount Campaign" Example
Retail Car Leasing: Free ETC installation for new contracts
Rent-A-Car: 30% off passenger cars
Car Sharing: Free user registration and IC card issuance
Used Auto Sales: Discount on the sticker price of an ORIX Certified Used Car
Senior Residences: Discount on initial occupancy fee
Shunpanro Chain Restaurants (Fugu cuisine): 1 complimentary drink, rate discount
Hotels, Japanese Hot Spring Inns (21 locations): Discount on accommodation expense
Ennoshima Aquarium: 10% off entrance fee
Golf Courses (39 nationwide): 1 complimentary drink

*Present your "shareholder card" (included in the publication "Yu") when using these services. There is no limit to the number of times these services can be used during the effective period.
*The Shareholder Discount Campaign Example above was announced to shareholders on March 31, 2011. The program is subject to change.