News Release

Construction of Moriya Logistics Center Completed

May 02, 2016

TOKYO, Japan - May 2, 2016 - ORIX Corporation ("ORIX"), a leading integrated financial services group, today announced that it has completed construction of the Moriya Logistics Center, a logistics facility that it had been developing in Joso City, Ibaraki Prefecture.

The Moriya Logistics Center is located in the Uchimoriya Industrial Park, five kilometers from the Yawara Interchange on the Jōban Expressway. The area around the development site is an ideal logistics location, with little traffic congestion and good access via the nearby National Route 16 to the northern parts of Chiba and Saitama prefectures, and the entire Tokyo Metropolitan region.

In addition, the site is advantageously located for hiring part-time employees as the population of the surrounding area has been growing since the opening of the Tsukuba Express railway line. A national census conducted in 2010 revealed that the population of Moriya City is increasing at the third-highest rate (among other municipalities) in Japan.

The logistics facility is a three-story building with total floor area of 47,846.95 m2 on a site of 31,547.89 m2. With the completion of construction, ORIX has started to rent space to a major logistics company. Design specifications include truck berths for 77 vehicles on the first floor (33 on one side, 44 on the other). The area on each floor level is approximately 15,869 m2. The site has standby parking spaces for 22 10-ton trucks as well as parking spaces for 146 ordinary vehicles. This parking capacity will allow tenant companies to recruit part-time employees from a wide surrounding area.

Moreover, emergency power generators have been installed on the site as a business continuity plan countermeasure. During emergencies, these generators will enable continuation of the freight elevators and lighting in offices and some parts of shared space for a specific period after loss of grid power, thereby avoiding any disruption to the facility's logistics operations.

Going forward, ORIX will continue to develop state-of-the-art logistics facilities to meet the needs of evolving supply chain strategies and the rapid expansion of the e-commerce market.

[Project Outline]
Name Moriya Logistics Center
Location 261-1 Sugao-machi, Joso City, Ibaraki Prefecture
Access Five kilometers from the Yawara Interchange on the Jōban Expressway
Design company Asai Ken Architectural Research Inc.
Construction company Maeda Corporation
Site area 31,547.89 m2
Total floor area 47,846.95 m2
Scale and structure Three-story reinforced concrete (partially steel) structure;
fire-resistant construction
Other Floor load 1.5 t/m2; Effective height under lower beam 5.5 m
Construction completion April 28, 2016

[Exterior and interior views of the facility]

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 the lending, investment, life insurance, banking, asset management, automobile-related, real estate and environment and energy-related businesses. Since its first overseas expansion into Hong Kong in 1971, ORIX has spread its business globally by establishing locations in a total of 36 countries and regions across the world. Moving forward, ORIX aims to contribute to society while continuing to capture new business opportunities. 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, 2014 - March 31, 2015."

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