$IX

ORIX CORP

CIK:0001070304|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME - JPY (¥) ¥ in Millions	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - JPY (¥) ¥ in Millions	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Revenues:
Total revenues	¥ 3,330,831	¥ 2,874,821	¥ 2,814,361
Expenses:
Interest expense	193,889	169,051	188,328
Costs of operating leases	411,939	394,821	356,760
Life insurance costs	479,937	384,753	433,863
Costs of goods and real estate sold	331,988	271,833	268,627
Services expense	634,329	604,145	560,101
Other (income) and expense	58,803	27,128	(4,671)
Selling, general and administrative expenses	711,775	646,054	627,633
Provision for credit losses	34,017	18,723	20,968
Write-downs of long-lived assets	16,242	25,933	1,724
Write-downs of securities	1,664	554	315
Total expenses	2,874,583	2,542,995	2,453,648
Operating Income	456,248	331,826	360,713
Equity in Net Income of Equity method investments	123,872	57,182	36,774
Gains on Sales of Subsidiaries and Equity method investments and Liquidation Losses, net	111,311	87,705	72,488
Bargain Purchase Gain	0	3,750	0
Income before Income Taxes	691,431	480,463	469,975
Provision for Income Taxes	233,103	128,828	131,388
Net Income	458,328	351,635	338,587
Net Income (Loss) Attributable to the Noncontrolling Interests	11,821	(389)	(7,682)
Net Income (Loss) Attributable to the Redeemable Noncontrolling Interests	(758)	394	137
Net Income Attributable to ORIX Corporation Shareholders	¥ 447,265	¥ 351,630	¥ 346,132
Basic:
Net Income Attributable to ORIX Corporation Shareholders	¥ 400.27	¥ 307.74	¥ 298.55
Diluted:
Net Income Attributable to ORIX Corporation Shareholders	399.4	307.16	298.05
Cash Dividends	¥ 151.6	¥ 117.97	¥ 85.6
Finance revenues
Revenues:
Total revenues	¥ 365,570	¥ 328,356	¥ 348,001
Gains on investment securities and dividends
Revenues:
Total revenues	128,948	14,324	33,023
Operating leases
Revenues:
Total revenues	641,185	624,444	535,490
Life insurance premiums and related investment income
Revenues:
Total revenues	640,159	515,259	558,923
Sales of goods and real estate
Revenues:
Total revenues	442,586	373,155	373,914
Services income
Revenues:
Total revenues	¥ 1,112,383	¥ 1,019,283	¥ 965,010

CONSOLIDATED STATEMENTS OF CASH FLOWS - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Cash Flows from Operating Activities:
Net income	¥ 458,328	¥ 351,635	¥ 338,587
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	404,791	399,527	364,242
Principal payments received under net investment in leases	505,410	495,717	475,730
Provision for credit losses	34,017	18,723	20,968
Equity in net income of equity method investments	(123,872)	(57,182)	(36,774)
Gains on sales of subsidiaries and equity method investments and liquidation losses, net	(111,311)	(87,705)	(72,488)
Bargain purchase gain	0	(3,750)	0
(Gains) Losses on sales of securities other than trading	(679)	6,772	(3,943)
Gains on sales of operating lease assets	(70,115)	(76,633)	(53,441)
Write-downs of long-lived assets	16,242	25,933	1,724
Write-downs of securities	1,664	554	315
Deferred tax provision	90,387	23,346	20,000
(Increase) Decrease in trading securities	(6,564)	28,487	(8,041)
Increase in inventories	(39,823)	(9,839)	(58,126)
(Increase) Decrease in trade notes, accounts and other receivable	4,556	(2,641)	5,235
Increase (Decrease) in trade notes, accounts and other payable	1,065	(3,910)	(4,427)
Increase in policy liabilities and policy account balances	395,623	268,258	186,193
Increase (Decrease) in income taxes payable	25,872	(9,232)	107,881
Other, net	(216,024)	(67,867)	(40,233)
Net cash provided by operating activities	1,369,567	1,300,193	1,243,402
Cash Flows from Investing Activities:
Purchases of lease equipment	(1,257,360)	(1,288,608)	(1,124,207)
Originations of installment loans	(1,639,829)	(1,506,006)	(1,429,738)
Principal collected on installment loans	1,498,876	1,302,302	1,356,586
Proceeds from sales of operating lease assets	352,491	373,804	262,724
Investments in equity method investees, net	(30,922)	(64,985)	(166,640)
Proceeds from sales of equity method investments	131,813	95,789	23,967
Purchases of available-for-sale debt securities	(539,889)	(700,403)	(570,241)
Proceeds from sales of available-for-sale debt securities	341,633	289,170	197,640
Proceeds from redemption of available-for-sale debt securities	161,241	257,338	47,280
Purchases of equity securities other than trading	(98,026)	(76,767)	(57,819)
Proceeds from sales of equity securities other than trading	141,753	31,594	54,728
Purchases of property under facility operations	(75,075)	(69,064)	(76,667)
Acquisitions of subsidiaries, net of cash acquired	(129,036)	(89,871)	(42,486)
Sales of subsidiaries, net of cash disposed	39,696	111,043	139,525
Other, net	(12,037)	24,969	12,545
Net cash used in investing activities	(1,114,671)	(1,309,695)	(1,372,803)
Cash Flows from Financing Activities:
Net increase (decrease) in debt with maturities of three months or less	55,427	(98,621)	10,751
Proceeds from debt with maturities longer than three months	1,210,761	1,549,750	1,218,867
Repayment of debt with maturities longer than three months	(1,217,574)	(1,368,479)	(1,177,803)
Net increase (decrease) in deposits due to customers	175,554	204,034	(1,572)
Cash dividends paid to ORIX Corporation Shareholders	(170,803)	(135,590)	(99,900)
Acquisition of treasury stock	(150,002)	(53,518)	(50,001)
Contribution from noncontrolling interests	1,350	3,577	15,621
Purchases of shares of subsidiaries from noncontrolling interests	(585)	(521)	(108)
Net increase (decrease) in call money	(55,000)	50,000	0
Other, net	(9,663)	(1,310)	(1,332)
Net cash provided by (used in) financing activities	(160,535)	149,322	(85,477)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	34,755	(3,144)	33,277
Net increase (decrease) in Cash, Cash Equivalents and Restricted Cash	129,116	136,676	(181,601)
Cash, Cash Equivalents and Restricted Cash at Beginning of Year	1,321,983	1,185,307	1,366,908
Cash, Cash Equivalents and Restricted Cash at End of Year	¥ 1,451,099	¥ 1,321,983	¥ 1,185,307

CONSOLIDATED BALANCE SHEETS - JPY (¥) ¥ in Millions	Mar. 31, 2026	Mar. 31, 2025
ASSETS
Cash and Cash Equivalents	¥ 1,334,945	¥ 1,206,573
Restricted Cash	116,154	115,410
Net investment in Leases	1,247,491	1,167,380
Installment Loans The amounts which are measured at fair value by electing the fair value option are as follows: March 31, 2025 ¥97,694 million March 31, 2026 ¥78,020 million	4,173,582	4,081,019
Allowance for Credit Losses	(80,194)	(56,769)
Investment in Operating Leases	2,152,820	1,967,178
Investment in Securities The amounts which are measured at fair value by electing the fair value option are as follows: March 31, 2025 ¥41,018 million March 31, 2026 ¥39,796 million The amounts which are associated to available-for-sale debt securities are as follows: As of March 31, 2025 Amortized Cost ¥3,174,036 million Allowance for Credit Losses ¥(670) million As of March 31, 2026 Amortized Cost ¥3,403,138 million Allowance for Credit Losses ¥(3,505) million	3,308,829	3,234,547
Property under Facility Operations	779,075	771,851
Equity method investments	1,306,312	1,320,015
Trade Notes, Accounts and Other Receivable	495,905	411,012
Inventories	269,187	229,229
Office Facilities	203,169	191,957
Other Assets The amounts which are measured at fair value by electing the fair value option are as follows: March 31, 2025 ¥2,586 million March 31, 2026 ¥1,163 million	2,695,501	2,226,849
Total Assets	18,002,776	16,866,251
Liabilities:
Short-Term Debt	572,235	549,680
Deposits	2,625,556	2,449,812
Trade Notes, Accounts and Other Payable	356,008	339,787
Policy Liabilities and Policy Account Balances The amounts which are measured at fair value by electing the fair value option are as follows: March 31, 2025 ¥136,257 million March 31, 2026 ¥138,027 million	1,943,710	1,948,047
Income Taxes:
Current	76,733	53,149
Deferred	611,051	525,632
Long-Term Debt	5,965,759	5,733,118
Other Liabilities	1,227,913	1,091,811
Total Liabilities	13,378,965	12,691,036
Redeemable Noncontrolling Interests	50,743	3,432
Commitments and Contingent Liabilities
Equity:
Common stock: Authorized: 2,590,000,000 shares Issued: March 31, 2025 1,162,962,244 shares March 31, 2026 1,124,106,624 shares	221,111	221,111
Additional Paid-in Capital	235,239	234,193
Retained Earnings	3,502,509	3,354,911
Accumulated Other Comprehensive Income	605,110	341,298
Treasury Stock, at Cost: March 31, 2025 26,672,695 shares March 31, 2026 25,519,804 shares	(81,469)	(61,731)
ORIX Corporation Shareholders' Equity	4,482,500	4,089,782
Noncontrolling Interests	90,568	82,001
Total Equity	4,573,068	4,171,783
Total Liabilities and Equity	18,002,776	16,866,251
Variable Interest Entity, Primary Beneficiary
ASSETS
Cash and Cash Equivalents	568	1,333
Net Investment in Leases (Net of Allowance for Credit Losses)	16,322	6,482
Installment Loans (Net of Allowance for Credit Losses)	29,696	71,668
Investment in Operating Leases	82,491	77,480
Property under Facility Operations	72,350	91,323
Equity method investments	0	49,409
Other Assets The amounts which are measured at fair value by electing the fair value option are as follows: March 31, 2025 ¥2,586 million March 31, 2026 ¥1,163 million	34,319	45,402
Total Assets	235,746	343,097
Liabilities:
Trade Notes, Accounts and Other Payable	688	525
Income Taxes:
Long-Term Debt	142,028	199,360
Other Liabilities	12,490	16,749
Total Liabilities	¥ 155,206	¥ 216,634