News Release

Kyuko-Lease to Roll Out Comprehensive Energy Services

Dec 01, 2014

FUKUOKA, Japan - December 1, 2014 - Kyuko-Lease Inc. ("Kyuko-Lease"), a subsidiary of ORIX Corporation (TSE:8591; NYSE: IX), announced today that it will roll out a comprehensive energy services in response to the heightened needs of customers to conserve energy.

Kyuko-Lease has been supporting its customers' capital expenditures mainly through leasing, making use of national and local government subsidies for installation and renewal of facilities such as air conditioning systems and lighting fixtures.

Going forward, Kyuko-Lease will begin promoting an energy service for customers looking to install energy-related facilities, providing them with comprehensive services from the design and construction of facilities to the operation and maintenance of those facilities on their behalf. By providing customers with one-stop access to optimal facilities and techniques for making buildings more energy efficient, Kyuko-Lease will help them to reduce their energy costs. Examples include utility facilities supplying electricity, gas and steam, as well as the installation of distributed power generation systems and cogeneration facilities through conversion to LNG and other fuels.

The energy service business will be offered mainly for factories, medical facilities and commercial properties located primarily in the Kyushu area. Kyuko-Lease aims to receive orders not only for the renewal of existing facilities, but also for new construction and urban redevelopment projects. To this end, Kyuko-Lease will leverage the expertise of its shareholder ORIX in ESCO (Energy Service Company) services and other energy conservation businesses, as well as the technological capabilities of its shareholder Kyudenko Corporation in facility design, construction and maintenance. Moreover, Kyuko-Lease aims to expand the scope of the energy service business by forming alliances with various facility manufacturers and engineering companies.

Kyuko-Lease has endeavored to spread the use of renewable energy by developing large-scale solar power plants (mega solar) and helping customers introduce solar power generation systems through its leasing business. Looking ahead, in addition to promoting renewable energy, Kyuko-Lease aims to offer high-added-value energy services that will help customers to cut their energy costs and contribute to the reduction of CO2 emissions.

 

Contact Information:
ORIX Corporation
Corporate Planning Department
Tel: +81-3-3435-3121

About ORIX:
ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses. Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile related, real estate and environment and energy related businesses. Since entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 35 countries and regions across the world. ORIX celebrates its 50th anniversary in 2014 and moving forward it aims to contribute to society while continuing to capture new business opportunities and sustain growth by promoting acceleration of its corporate strategy "Finance + Services." For more details, please visit our website: http://www.orix.co.jp/grp/en/

Caution Concerning Forward Looking Statements:
These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under "Risk Factors" in the Company's annual report on Form 20-F filed with the United States Securities and Exchange Commission and under "4. Risk Factors" of the "Summary of Consolidated Financial Results" of the "Consolidated Financial Results April 1, 2013 - March 31, 2014."

 

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