News Release

ORIX Invests in Informatix, a Developer of Geographic Information Systems

Dec 29, 2020

TOKYO, Japan - December 29, 2020 -ORIX Corporation (“ORIX”) announced today that it has acquired 95% of shares issued by Informatix Inc. (“Informatix”), which is a developer of geographic information systems (GIS).

Informatix is an electronic systems developer with strengths in digital mapping, a process for collecting a range of information and displaying it on maps. As a systems integrator, it provides business applications, customized to customer needs, based on the high-performance engines it has independently developed as the pioneer of GIS engines in Japan. Its offerings include disaster mitigation maps for local governments, fire spread simulation systems for fire departments, and market analysis systems for the retail industry. Going forward, the market for GIS systems that enable three-dimensional spatial data analysis and visual processing through use of the latest technologies, such as 5G and AI, is expected to expand further.

Informatix also operates an XR*1 business where it develops a range of products, including mixed reality (MR) tools for head-mounted wearable devices, which enable holograms of design drawings to be overlaid onto the real world. One such tool is “GyroEye Holo,” a business efficiency tool that incorporates various functionality such as a remote communication tool for connecting constructions sites with the head office. Under the i-Construction*2 initiative of the Ministry of Land, Infrastructure, Transport and Tourism, this tool has achieved an “A” ranking (the highest level) for mechanisms that achieve 25% or greater productivity improvements under the “projects related to the introduction and utilization of innovative technologies to dramatically enhance productivity at construction sites,” a public initiative of the same ministry. This tool is also a medium- to long-term solution to construction industry issues such as aging and skills transferal, and it has been adopted by about 70 companies, including some the largest construction companies.

ORIX has been focused on the information technology field for some time, having previously invested in Primagest, Inc.*3, a company engaged in information processing services, and APRESIA Systems, Ltd.*4, a network equipment manufacturer. Through this latest investment, ORIX will leverage its base of operations to contribute to further growth at Informatix while expanding its investment in the information technology business, which is expected to become more and more necessary, and helping address social issues.

Going forward, ORIX will continue to use the expertise developed by the ORIX Group for investments aimed at supporting the development of companies and industries that possess stable business foundations and high-quality technologies and services, and which are expected to experience further growth in the future.

*1 XR is an abbreviation for ‘extended reality,’ which is a generic term encompassing virtual reality (VR), substitutional reality (SR), mixed reality (MR), and augmented reality (AR).
*2 i-Construction is the name of an initiative of the Ministry of Land, Infrastructure, Transport and Tourism that aims to improve overall productivity of construction and production systems, and achieve appealing construction sites, through on-site adoption of measures such as comprehensive utilization of ICT (ICT-based Earthwork).
*3 ORIX to Invest in Primagest, an Information Processing Service Company (July 18, 2017)
*4 ORIX Acquires Network Equipment Manufacturer APRESIA Systems (Nov 2, 2020)

â–  Overview of Informatix
Name Informatix Inc.
Address 1310 Omiyacho, Saiwai-ku, Kawasaki-shi, Kanagawa Prefecture
Representative Daichi Saito
Founded 1981
Number of employees 206 (as of July 2019)
Description of business Development, sales and maintenance of GIS systems
Revenues Approx. 4.6 billion yen (for the year ended March 31, 2020)
Website https://www.informatix.co.jp/en/ Open Link in New Window

 

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 37 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 March 31, 2020)

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, 2019 – March 31, 2020.”

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