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News Releases 2017

October 10, 2017

ORIX Auto and Nihon Parking Collaborates in Car Sharing and Parking Businesses

TOKYO, Japan - October 10, 2017 - ORIX Auto Corporation ("ORIX Auto") and Nihon Parking Corporation ("Nihon Parking") announced today that they have entered into an Agreement on collaboration in their car sharing and parking businesses.

ORIX Auto has established ORIX Car Sharing Stations at Nihon Parking parking lots. By the end of FY 2017, it is scheduled to open 150 car sharing stations at approximately 300 parking lots with a capacity of 10 automobiles or more in the Metropolitan Area. Following this, it will expand stations to the Chubu and Kansai Regions.

In order to further increase customer convenience, ORIX Auto will offer mutual passenger transportation and preferential services for car sharing members. First, it is planning to offer discount parking for ORIX car sharing members at select parking lots in the Metropolitan Area.

Nihon Parking, which manages the parking business for Tokyo Tatemono Group, made Japan Total Service Co., Ltd. a wholly owned subsidiary in October 2016, and in December 2016, integrated three companies, Shinsoki Co., Ltd., Yours Corporation, and YS Park Co., Ltd., for business expansion. Currently, Nihon Parking operates a coin parking business at 1,580 locations with 65,109 parking spaces (as of the end of June 2017) through five brands, NPC24H, J.PARK, Friend Park, Y'S PARK, and PIT IN 100.

ORIX Auto operates automobile leasing, rental car, and car sharing businesses. It has worked to spread the car sharing service and increase customer convenience through a wide range of measures in cooperation with a railway company and other industries since it launched Japan's first car sharing service in Yokohama City in 2002. As of the end of September 2017, ORIX Auto has approximately 180,000 members at 1,570 bases with 2,660 parking spaces.

Nihon Parking and ORIX Auto will continue to work on increasing customer convenience in response to a wide range of customer needs utilizing the strengths of both companies.

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

About ORIX:
ORIX Corporation (TSE: 8591; NYSE: IX) is an opportunistic, diversified, innovation-driven global powerhouse with a proven track record of profitability. Established in 1964, ORIX at present operates a diverse portfolio of businesses in the operations, financial services, and investment spaces. ORIX's highly complementary business activities span industries including: energy, private equity, infrastructure, automotive, ship and aircraft, real estate and retail financial services. ORIX has also spread its business globally by establishing locations in a total of 36 countries and regions across the world. Through its business activities, ORIX has long been committed to corporate citizenship and environmental sustainability. 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, 2016 - March 31, 2017."

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