News Release

Kintetsu Group and ORIX Auto Enter Business Partnership for Car Sharing Business

Mar 20, 2019

TOKYO, Japan – March 20, 2019 – Kintetsu Group and ORIX Auto Corporation (“ORIX Auto”) announced today that they have entered a business partnership for car sharing business with the aim of improving the transport convenience of Kintetsu Railway Co., Ltd. (“Kintetsu”) rail lines. A total of 22 car sharing vehicles will be distributed among 20 stations centered around the Kintetsu lines from March 21 to the end of April.

Kintetsu Group is developing its bus, taxi and rental car, in order to provide customers using Kintetsu line with intermodal passenger transport options. The addition of a car sharing option will enhance its intermodal passenger transport system, and thereby improve customer convenience.

Since ORIX Auto launched “ORIX CarShare”, Japan’s first car sharing business in 2002, it has increased both the number of its car sharing stations and its members every year. ORIX CarShare operates 1,695 stations, primarily in the Tokyo metropolitan and Kinki areas (As of September 30, 2018). Through its tie-up with the Kintetsu Group, ORIX Auto intends to further expand its car sharing business.

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ORIX CarShare

For this business tie-up, Kintetsu Group will select appropriate spaces from parking lots owned by them, and these will be used by ORIX Auto as ORIX CarShare stations. To mark the business partnership, a “Kintetsu Line & ORIX CarShare Tie-up Commemorative Campaign” will run from March 21 to September 30, 2019.

Customers can search for car sharing stations and make reservations through the ORIX CarShare website and app, as well as through “d car share ®.”

Going forward, Kintetsu Group and ORIX Auto aim to improve both customer convenience and the quality of their services with their respective strengths.

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 38 countries and regions across the world.
Going forward, ORIX intends to utilize its strengths and expertise, which generate new value, to establish an independent ORIX business model that continues to evolve perpetually. In this way, ORIX will engage in business activities that instill vitality in its companies and workforce, and thereby contribute to society. For more details, please visit our website: https://www.orix.co.jp/grp/en/
(As of September 30, 2018)

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 that 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 “1. Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2017 – March 31, 2018.”

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