ORIX Bank Signs Business Tie-Up Agreement with WealthNavi Inc.

TOKYO, Japan - November 14, 2022 - ORIX Bank Corporation (“ORIX Bank”) announced today that it has signed a business tie-up agreement with WealthNavi Inc. for the purpose of developing and providing new asset management services.

ORIX Bank has set “Responding to an ageing society” as one of the key issues in its Sustainability Policy^*1. To realize a society in which senior citizens are able to live with peace of mind, it offers a wide range of financial products tailored to customers’ life stages, such as deposit products with attractive interest rates and money trusts that contribute to asset building in retirement, and testamentary substitute trusts that provide for inheritance.

Through the tie-up this time with WealthNavi Inc., ORIX Bank will develop a service that enables automatic asset management according to each customer’s risk tolerance, without the need for specialized knowledge or effort. By newly adding the advanced and superior asset management services of WealthNavi Inc., which is proud to be the “Top in Japan in terms of assets under management and number of users^*2,” to ORIX Bank’s existing products utilizing its knowledge and expertise, a one-stop service to meet the diverse needs of customers will be provided.

ORIX Bank will continue to develop and provide financial services that help to solve customers’ issues.

*1 ORIX Bank Formulates Sustainability Policy (July 30, 2021)
*2 Press release of WealthNavi Inc. dated September 14, 2022, “WealthNavi, the top Japanese robo-advisor in terms of assets under management and number of users, announces that assets under management reached 750 billion yen”

Contact Information:
Investor Relations and Sustainability Department
ORIX Corporation
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 28 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, 2022)

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, 2021 – March 31, 2022” furnished on Form 6-K.