Top Message to Shareholders

Fiscal 2010 (ended March 31, 2011) was a year in which we could clearly feel our evolution and advancement toward a new growth stage, with net income attributable to ORIX Corporation rising 78% from the previous fiscal year.
Drawing strength from the ideas of self-reliance and a spirit of willingness to take on new challenges, key concepts since our foundation, we steadily expanded our business fields to create a unique business portfolio that is diversified yet linked at multiple levels.
With this as our platform, we will take advantage of "Finance + Services" to increase the pace of embracing the growth in emerging markets such as Asia toward the evolution of a new business model in what is now a completely new business environment. Doing so, we aim to meet the expectations of shareholders and all other stakeholders.

<To Our Shareholders - A Message from CEO Yoshihiko Miyauchi Excerpt from the 2011 Annual Report>