Consolidated Financial Results
Supplementary Information
for the Three-months Ended June 30, 2024

ORIX Corporation(NYSE: IX; TSE: 8591)

August 5, 2024

Contents

Page
1
2
3
4-5
6-7
8-9
10-11
12-13
14-15
16-17
18-19
20-21
22-23
24
25
26
27
28
29
30
31

Financial Highlights and Financial Indicators
Segment Information
Segment Asset Details
Corporate Financial Services and Maintenance Leasing (1)(2)Real Estate (1)(2)
PE Investment and Concession (1) (2)Environment and Energy (1) (2)Insurance (1) (2)Banking and Credit (1)(2)
Aircraft and Ships (1) (2)ORIX USA (1) (2)ORIX Europe (1) (2)Asia and Australia (1) (2)Key Quarterly Financial Information (1)Key Quarterly Financial Information (2)Information Regarding Major Assets (1)Information Regarding Major Assets (2)Information Regarding Major Assets (3)Information Regarding Major Assets (4)Funding (1)Funding (2): Financial Highlights and Financial Indicators: Segment Profits, Assets and ROA: Assets by Segment: Segment Revenues, Profits and Assets: Segment Revenues, Profits and Assets: Segment Revenues, Profits and Assets: Segment Revenues, Profits and Assets: Segment Revenues, Profits and Assets: Segment Revenues, Profits and Assets: Segment Revenues, Profits and Assets: Segment Revenues, Profits and Assets: Segment Revenues, Profits and Assets: Segment Revenues, Profits and Assets: Income Statement Data, Yields on Assets: Balance Sheet Data, Key Exchange Rate
: New Business Volumes, Net Investment in Leases and Installment Loans: Operating Leases and Asset Quality (Net Investment in Leases and Installment Loans): Allowance for Credit Losses, Provision for Credit Losses: Investment in Securities: Funding, Share of Long-Term Debt, Funding Structure and Funding Costs (including Deposits): Commitment Lines, Liquidity and Credit Ratings

This document has been prepared based upon quarterly financial information in accordance with U.S. GAAP.
For annual and more historical data please access our website.

IR Website URL:
IR Library URL:

https://www.orix.co.jp/grp/en/ir/
https://www.orix.co.jp/grp/en/ir/library/

Disclaimer
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, thosedescribed under “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and those described under “Business Risk” of the securities report(Yukashoken houkokusho) filed with the Director of the Kanto Local Finance Bureau and financial results filed to Tokyo Stock Exchange.

ORIX Corporation
Investor Relations and Sustainability Department
World Trade Center Bldg. SOUTH TOWER, 2-4-1 Hamamatsu-cho, Minato-ku
Tokyo 105-5135, Japan
Tel: +81-3-3435-3121

(Unaudited)

Financial Highlights and Financial Indicators(Millions of yen)
Financial Highlights

2023.4-6

2022.4-2023.3

Total Revenues *2023.7-92023.10-122024.1-3

2024.4-6

2023.4-2024.3

2,663,659

676,798

683,158

683,800

770,605

2,814,361

708,139

Income before Income Taxes

392,178

89,392

95,075125,540

159,968

469,975

120,169

Net Income Attributable to ORIX Corporation Shareholders

290,340

62,966

65,134

91,105

126,927

346,132

86,735

Total Assets

15,289,385

15,584,145

15,795,220

15,769,189

16,322,100

16,322,100

16,502,363

Total Liabilities

11,674,118

11,860,498

11,951,381

11,962,328

12,297,490

12,297,490

12,343,084

Total ORIX Corporation Shareholders’ Equity

3,543,607

3,643,306

3,761,098

3,727,404

3,941,466

3,941,466

4,073,643* The presentation of equity method investment has been changed since the fourth quarter of the fiscal 2024. The amounts in the previous years have been retrospectively reclassified for this change.
※ Accounting Standards Update 2018-12 (“Targeted Improvements to the Accounting for Long-Duration Contracts”—ASC 944 (“Financial Services—Insurance”)) has been adopted since the first quarter of fiscal 2024
and applied retrospectively since fiscal 2022.

Financial Indicators (1)2023.4-6

2022.4-2023.3

2023.7-92023.10-122024.1-3

2024.4-6

2023.4-2024.3

Return on Equity

(ROE)

8.5%

7.0%

7.0%

8.0%

9.2%

9.2%

8.7%

Return on Assets

(ROA)

1.96%

1.63%

1.65%

1.88%

2.19%

2.19%

2.11%

※ All of the above are calculated using accumulated Net Income Attributable to ORIX Corporation Shareholders.
※ Accounting Standards Update 2018-12 (“Targeted Improvements to the Accounting for Long-Duration Contracts”—ASC 944 (“Financial Services—Insurance”)) has been adopted since the first quarter of fiscal 2024
and applied retrospectively since fiscal 2022.

Financial Indicators (2)Shareholders’ Equity Ratio
Debt-to-Equity Ratio

2023.7-92023.10-122024.1-3

2024.4-6

2023.4-2024.3

23.2%

23.4%

23.8%

23.6%

24.1%

24.1%

24.7%

2.2

2.2

2.2

2.2

2.1

2.1

2.1

(times)(Short- and Long-Term Debt+Deposits)/Shareholders' Equity(Short- and Long-Term Debt)/Shareholders' Equity
Shareholders’ Equity Per Share2023.4-6

2022.4-2023.3

(yen)

1.6

1.6

1.6

1.6

1.6

1.6

1.6

3,027.93

3,124.26

3,247.37

3,237.25

3,422.94

3,422.94

3,547.40

Basic EPS

(yen)

245.98

53.87

56.05

78.91

110.23298.5575.40

Diluted EPS(yen)

245.65

53.80

55.96

78.78

110.04298.0575.28

34,73735,85935,62335,16533,80733,807

34,051

Number of Employees※ Shareholders’ Equity Ratio, Debt-to-Equity Ratio and Shareholders’ Equity Per Share are calculated using Total ORIX Corporation Shareholders’ Equity.
※ Accounting Standards Update 2018-12 (“Targeted Improvements to the Accounting for Long-Duration Contracts”—ASC 944 (“Financial Services—Insurance”)) has been adopted since the first quarter of fiscal 2024
and applied retrospectively since fiscal 2022.

-1-

(Unaudited)

Segment Information
Segment
Corporate Financial Services andMaintenance Leasing

Segment Information
Segment Profits
Segment Assets
Segment Asset ROA
Real Estate
Segment Profits
Segment Assets
Segment Asset ROAPE Investment and Concession
Segment Profits
Segment Assets
Segment Asset ROA
Environment and Energy
Segment Profits
Segment Assets
Segment Asset ROA
Insurance
Segment Profits
Segment Assets
Segment Asset ROA
Banking and Credit
Segment Profits
Segment Assets
Segment Asset ROA
Aircraft and Ships
Segment Profits
Segment Assets
Segment Asset ROA
ORIX USA
Segment Profits
Segment Assets
Segment Asset ROA
ORIX Europe
Segment Profits
Segment Assets
Segment Asset ROA
Asia and Australia
Segment Profits
Segment Assets
Segment Asset ROA
Total
Segment Profits
Segment Assets
Adjustment of Segment Profits to Consolidated Statement
Amounts
Income before Income Taxes
Return on Segment Assets (ROA)

2023.10-12
19,291
1,753,213
3.15%
24,794
1,121,959
4.40%
13,4091,064,156
2.33%
13,759986,285
2.52%
16,5562,759,827
1.92%
10,554
3,012,826
0.84%
10,194
935,859
3.91%
14,095
1,601,935
2.32%
10,886
649,723
4.77%
11,523
1,653,388
1.91%
145,061
15,539,171

2024.1-3
22,5801,777,320
3.22%
14,751
1,110,087
4.25%
20,633
1,066,647
3.29%
12,185
976,434
2.80%
16,8192,921,927
1.83%
69,9972,934,217
2.27%
15,3781,169,641
3.99%(7,655)
1,694,484
1.33%
11,216662,1394.85%
17,026
1,709,233
2.21%
192,930
16,022,129(Millions of yen)2024.4-6
19,797
1,778,938
3.05%
13,954
1,098,352
3.46%
32,027967,177
8.99%(482)
1,015,383(0.13)%
21,9442,884,353
2.17%
6,398
2,876,149
0.60%
11,764
1,304,929
3.25%
11,835
1,767,645
2.16%
11,154
702,894
4.84%
8,883
1,802,887
1.52%
137,274
16,198,707

76,7391,763,967
2.98%
52,532
1,049,180
3.48%
3,159
869,866(0.03)%
37,173
889,529
2.99%
63,3442,646,205
1.72%
38,1272,953,785
0.88%
30,486
808,943
3.30%
58,6081,624,884
2.92%
44,486
612,884
5.40%
43,856
1,484,569
2.28%
448,510
14,703,812

2023.4-6
20,425
1,761,695
3.17%
10,276
1,050,387
2.68%
5,772
883,463
1.74%
4,982
910,357
1.52%
19,423
2,735,779
2.08%
8,356
2,973,176
0.77%
7,617
922,281
3.01%
12,212
1,735,494
2.30%
7,134
635,846
3.39%
10,918
1,611,548
2.12%
107,115
15,220,026

2023.7-9
20,9481,767,202
3.21%
17,234
1,105,588
3.50%
4,153
1,056,371
1.46%
7,146
968,429
1.79%
18,0282,663,603
2.03%
8,446
2,965,954
0.78%
11,177982,390
3.63%
9,279
1,699,808
2.04%
12,402649,023
4.60%
7,602
1,668,721
1.76%
116,415
15,527,089(56,332)(17,723)(21,340)(19,521)(32,962)(91,546)(17,105)

392,178
2.02%

89,392
1.68%

95,075
1.69%

125,540
1.93%

159,968
2.25%

469,975
2.25%

120,1692.15%

2022.4-2023.3

2023.4-2024.3

83,244
1,777,320
3.22%
67,055
1,110,087
4.25%
43,967
1,066,647
3.29%
38,072
976,434
2.80%
70,826
2,921,927
1.83%
97,3532,934,217
2.27%
44,366
1,169,641
3.99%
27,931
1,694,484
1.33%
41,638662,1394.85%
47,0691,709,233
2.21%
561,521
16,022,129※ Segment Asset ROA is calculated using accumulated Segment Profits (after tax).
※ Return on Segment Assets (ROA) is calculated using accumulated Net Income Attributable to ORIX Corporation Shareholders.
※ Since the first quarter of fiscal 2024, segment profits have been calculated with broadened the scope of profit sharing for inter-segment collaboration.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
※ Accounting Standards Update 2018-12 (“Targeted Improvements to the Accounting for Long-Duration Contracts”—ASC 944 (“Financial Services—Insurance”)) has been adopted since the first quarter of fiscal 2024
and applied retrospectively since fiscal 2022.
※ Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
※ Since the first quarter of fiscal 2025, the interest expenses allocation method for each segment was partially changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
※ Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, trade notes, accounts and other receivable.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.

-2-

(Unaudited)

Segment Asset Details
2023.3(Millions of yen)
Corporate Financial

Assets by Segment

Services andMaintenanceReal Estate

PE Investment
and Concession

Environment
and Energy

Insurance

Banking andCreditAircraft and
Ships

ORIX USA

ORIX Europe

57,587－
302,698
3,894
170,425
108,789
112,973
117,040
6,625
54,996
114,153
1,049,180

1,616
14,22552,97636,05851,97848,716
4
28,796
2,354
368,748
264,395
869,866

6,723
2,138
264
1,580
362,043
9,825
1
188,436
88,493
114,114
115,912889,529－
18,10927,467
1,982,573－－－
17,577－
4,686
595,7932,646,205－
2,395,340－
289,621
－
9
－
2,006
－
11,771
255,038
2,953,785－
75,914
295,858
5,112
－
37
－
347,508－
18,461
66,053808,943483
747,783
3,612
384,082
81,291
142－
87,513－
157,811
162,167
1,624,884－－－
76,648－－－
10,213－331,080
194,943
612,884

Asia andAustralia

Total

454,961
312,809329,549
36,444
1,184
202
3,720
249,481－
6,746
89,473
1,484,569

1,087,380
3,904,679
1,523,608
2,850,282
685,829
168,824
118,264
1,061,986
97,472
1,097,664
2,107,824
14,703,812

Leasing

Net Investment in Leases
Installment Loans *1
Investment in Operating Leases
Investment in Securities *1
Property under Facility Operations and Servicing Assets
Inventories
Advances for Finance Lease and Operating Lease
Equity method investments *1
Advances for Property under Facility Operations
Goodwill, Intangible Assets Acquired in Business Combinations
Other assets *2
Total

566,010
338,361
511,184
34,27018,908
1,104
1,566
13,416－29,251
249,897
1,763,967

2024.3(Millions of yen)
Corporate Financial

Assets by Segment

Services andMaintenanceReal Estate

PE Investment
and Concession

Environment
and Energy

Insurance

Banking andCreditAircraft and
Ships

ORIX USA

ORIX Europe

51,97852
278,191
4,036
165,387
174,990
114,649
143,751
8,183
52,898
115,972
1,110,087

1,238
115,629
56,28636,72941,41647,553
5
118,3104,466
351,202
293,813
1,066,647

3,104
2,255
250
571
453,252
2,463－
219,018
44,962
121,174
129,385
976,434－
11,792
26,8762,236,495－－－
29,742－
4,452
612,570
2,921,927－
2,378,183－
311,237－－－
43,601－－
201,1962,934,217－
60,468557,867
11,960－733
9,232
399,061－
19,114111,206
1,169,641

505
699,384
9,858
509,172
79,747
159－
61,415－
176,785
157,459
1,694,484－－－
82,568－－－
11,907－364,773
202,891
662,139

Asia andAustralia

Total

530,426
343,936
395,573
33,520
1,849
224
3,017
271,682－
7,313
121,693
1,709,233

1,154,986
3,958,539
1,860,556
3,262,971
759,055
227,050130,303
1,313,471
57,611
1,126,404
2,171,183
16,022,129

Leasing

Net Investment in Leases
Installment Loans
Investment in Operating Leases
Investment in Securities
Property under Facility Operations and Servicing Assets
Inventories
Advances for Finance Lease and Operating Lease
Equity method investments
Advances for Property under Facility Operations
Goodwill, Intangible Assets Acquired in Business Combinations
Other assets *2
Total

567,735
346,840
535,655
36,683
17,404928
3,400
14,984－
28,693
224,998
1,777,3202024.6(Millions of yen)
Corporate Financial

Assets by Segment

Services andMaintenanceReal Estate

PE Investment
and Concession

Environment
and Energy

Insurance

Banking andCreditAircraft and
Ships

ORIX USA

ORIX Europe

Asia andAustralia

Total

568,904
352,699
420,833
35,564
1,940
306
3,512
287,156－
7,749
124,224
1,802,887

1,187,909
3,893,458
2,023,887
3,247,908
766,233
216,976
99,634
1,385,459
54,0601,148,388
2,174,795
16,198,707

Leasing

Net Investment in Leases
563,901
50,558
1,186
2,835
525
－
－
－
－
Installment Loans
347,392
47
117,472
2,407
11,9542,306,184
55,491
699,812－Investment in Operating Leases
537,315
317,51057,483245
26,865652,979
10,657－－
Investment in Securities
30,044
1,750
6,982
590
2,231,121
312,328
12,418524,939
92,172
Property under Facility Operations and Servicing Assets
17,485
163,274
32,820466,742
83,972－－－－Inventories
1,066
171,235
39,147
4,154
862
206
－
－
－
Advances for Finance Lease and Operating Lease
3,347
80,784
9
11,982－－－－－Equity method investments
14,740147,873
122,029
229,649
31,67644,360428,566
66,47012,940
Advances for Property under Facility Operations
9,810
71
44,179－－－－－－Goodwill, Intangible Assets Acquired in Business Combinations
28,49752,374
339,591
124,183
4,452
22,339187,495
381,708－
Other assets
235,151
103,137
250,387
140,399578,285
213,277
120,292
193,569
216,074
Total
1,778,938
1,098,352
967,177
1,015,383
2,884,353
2,876,149
1,304,929
1,767,645
702,894*1 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, trade notes, accounts and other receivable.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.

-3-

(Unaudited)

Corporate Financial Services and Maintenance Leasing (1)(Millions of yen)Segment Income Statement Data
Finance revenues *2
Gains on investment securities and dividends *2
Operating leases
Sales of goods and real estate2022.4-2023.3

2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3

2024.4-6

60,133

16,437

14,961

15,184

14,84661,428

(519)

1,319

848

641

(182)

2,626

15,2191,277

258,385

64,86067,262

67,20967,540266,871

68,382

5,356

1,200

935

632

1,167

3,934

881

106,542

25,83026,591

27,87929,800110,100

26,698

Total Segment Revenues :429,897

109,646

110,597

111,545

113,171444,959

112,457

Interest expense *3

4,661

1,334

1,365

1,360

1,359

5,418

1,572

186,989

46,99548,433

48,21849,204

192,850

48,810Services income

Costs of operating leases
Costs of goods and real estate sold

3,988

964

717

610

943

3,234

725

Services expense

58,103

14,35314,00815,49815,03758,896

14,733

Other (income) and expense

17,275

4,113

4,213

4,256

2,314

14,896

4,294

Selling, general and administrative expenses

83,811

22,32921,60922,13422,54988,621

22,790

1,107

29

359

(23)

595

960

176

355,934

90,11790,704

92,05392,001

364,875

93,100

2,776

896

1,055

(201)

1,410

3,160

440

76,73920,42520,94819,291

22,58083,244

19,797

Provision for credit losses, and write-downs of long-lived
assets and securities
Total Segment Expenses :Equity in Net income (Loss) of equity method investments and others *1 *2

Segment Profits*1 Since the first quarter of fiscal 2024, segment profits have been calculated with broadened the scope of profit sharing for inter-segment collaboration.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3 Since the first quarter of fiscal 2025, the interest expenses allocation method for each segment was partially changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
(Millions of yen)Segment Profits

2022.4-2023.3

2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3

2024.4-6

Corporate Financial Services

20,256

6,567

5,554

4,531

5,844

22,496

4,368

Auto

42,404

11,414

12,916

11,437

10,484

46,251

12,702Rentec14,079

2,444

2,478

3,323

6,252

14,497

2,727

Total Segment Profits

76,73920,42520,94819,291

22,58083,244

19,797-4-

(Unaudited)

Corporate Financial Services and Maintenance Leasing (2)(Millions of yen)Segment Assets

2023.32023.62023.92023.122024.32024.6Net Investment in Leases

566,010563,127

578,255

573,298

567,735

563,901

Installment Loans *1

338,361

332,244

322,809305,982

346,840

347,392

Investment in Operating Leases

511,184

514,668

522,936

527,545535,655

537,315

Investment in Securities *1

34,27034,77835,91834,89736,68330,044

Property under Facility Operations

18,908

17,77917,716

17,613

17,404

17,485Inventories

1,104

1,190

1,247

1,319

928

1,066

Advances for Finance Lease and Operating Lease

1,566

1,540

1,179

2,052

3,400

3,347

Equity method investments *1

13,416

13,784

14,201

14,06014,984

14,740Goodwill, Intangible Assets Acquired in Business Combinations

29,251

28,99329,133

28,913

28,69328,497

Other assets *2

249,897

253,592

243,808

247,534

224,998

235,151

1,763,967

1,761,695

1,767,202

1,753,213

1,777,320

1,778,938

Total Segment Assets*1 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, trade notes, accounts and other receivable.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
(Millions of yen)Segment Assets

2023.32023.62023.92023.122024.32024.6

Corporate Financial Services

791,784

780,057

776,420756,752

783,434

774,160

Auto795,474

801,021804,332

804,945794,625

800,481

Rentec

176,709

180,617

186,450

191,516

199,261

204,297

1,763,967

1,761,695

1,767,202

1,753,213

1,777,320

1,778,938

Total Segment Assets(Thousand Autos)
Automobile Operations
Number of Automobiles Under Management in Japan

2023.32023.91,4302024.3
1,430

-5-

1,429

(Unaudited)

Real Estate (1)

1,487
382
15,77840,02876,652
134,327
799
6,335
34,18265,815531
10,9416,134
857
50,205
111,013
303,483
471,692
3,016
24,97290,931
248,195
722
41,542(Millions of yen)2024.4-6
1,263
143
13,551
33,275
69,111
117,343575
6,087
25,93959,750266
10,853

18

833

1,285

(28)

97,48397,368

119,436

410,663

103,442

1,805

4,090

(140)

6,026

53

Segment Profits
52,532
10,276
17,234
24,794
14,751
67,055*1 Since the first quarter of fiscal 2024, segment profits have been calculated with broadened the scope of profit sharing for inter-segment collaboration.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3 Since the first quarter of fiscal 2025, the interest expenses allocation method for each segment was partially changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.

13,954

Segment Income Statement Data
Finance revenues *2
Gains on investment securities and dividends
Operating leases
Sales of goods and real estate
Services income
Total Segment Revenues :Interest expense *3
Costs of operating leases
Costs of goods and real estate sold
Services expense
Other (income) and expense
Selling, general and administrative expenses
Provision for credit losses, and write-downs of long-lived
assets and securities
Total Segment Expenses :Equity in Net income (Loss) of equity method investments and others *1 *2

5,562
(243)
55,54496,030261,843
418,736
2,413
24,89580,586230,136(627)
36,643

1,636
393
8,583
32,76963,000106,381686
6,321
23,25755,529270
10,2391,372
86
15,706
19,74576,003112,912741
6,216
17,49762,868(571)
10,3722023.10-12
1,639
(4)
10,13818,47187,828118,072790
6,100
15,99563,983
492
9,990

1,785

74

360

375,831

96,3769,627

271

2022.4-2023.3

2023.4-6

2023.7-92024.1-3

2023.4-2024.3(Millions of yen)Segment Profits

2022.4-2023.3

2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3

2024.4-6

RE Investment and Facilities Operation
DAIKYO

29,691
22,841

3,195
7,081

12,656
4,578

20,290
4,504

7,954
6,797

44,09522,960

7,333
6,621

Total Segment Profits

52,532

10,276

17,234

24,794

14,751

67,055

13,954(Millions of yen)

Services income
Revenues from real estate management and contract work
Facilities operation
Other
Total Services income

2022.4-2023.3

196,646
56,1072023.4-6

2023.7-9

43,527
17,0612023.10-12

51,99820,69354,46730,8662024.1-3

2023.4-2024.3

56,112
17,573

206,104
86,1932024.4-6
48,26918,822

9,090

2,412

3,312

2,495

2,967

11,186

2,020

261,843

63,00076,00387,82876,652

303,483

69,111(Millions of yen)

Gains on sales

2022.4-2023.3

2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3

Gains on Rental Property Sales (included in Operating leases)
25,492
1,228
8,423
2,624
8,213
20,488
Gains on sales of property under operations (included in Services income)
876
11,204
11,204－－－
Gains on sales (included in Equity in Net Income (Loss) of equity method
5,244
313
494
3,594
357
4,758
investments) and others *Total Gains on sales
31,612
1,541
8,917
17,4228,570
36,450* Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

-6-2024.4-6
6,277
－
41
6,318

(Unaudited)

Real Estate (2)(Millions of yen)Segment Assets

2023.3Net Investment in Leases

2023.6

Investment in Securities

2023.122024.32024.6

57,58755,241

53,152

51,67051,978

－

－

－

－

52

47

302,698

312,279

306,293299,326

278,191

317,510Installment Loans
Investment in Operating Leases

2023.950,558

3,894

4,216

4,251

3,746

4,036

1,750

Property under Facility Operations

170,425

168,923

172,924

167,180

165,387

163,274

Inventories

108,789

113,074

169,004

176,838

174,990

171,235

Advances for Finance Lease and Operating Lease

112,973

107,571

105,904

110,358

114,649

80,784Equity method investments

117,040

122,399

134,055

134,902

143,751

147,873

Advances for Property under Facility Operations

6,625

7,247

4,913

8,177

8,183

9,810

Goodwill, Intangible Assets Acquired in Business Combinations

54,99654,47153,94753,42352,89852,374

Other assets *114,153

104,966

101,145

116,339

115,972

103,137

1,049,180

1,050,387

1,105,588

1,121,959

1,110,087

1,098,352

Total Segment Assets* Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, trade notes, accounts and other receivable.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
(Millions of yen)Segment Assets

2023.32023.62023.92023.122024.32024.6

RE Investment and Facilities Operation

704,800

712,943

711,436714,255

709,054705,318DAIKYO344,380

337,444394,152

407,704

401,033

393,034

1,049,180

1,050,387

1,105,588

1,121,959

1,110,087

1,098,352

Total Segment Assets(Billions of yen)
Asset Management Business AUM
ORIX Asset Management Corporation *ORIX Real Estate Investment Advisors Corporation
End of Period Total AUM

2023.32023.9688.42024.3
695.9

696.2

851.2

886.0

900.2

1,539.6

1,581.9

1,596.4* For ORIX Asset Management Corporation, the end of period AUM for February and August are shown in the columns of the end of period AUM for March and September correspondingly.
(Millions of yen)
Asset Management Business Revenues

2022.4-2023.3

2023.4-92023.4-2024.3

ORIX Asset Management Corporation

3,223

1,951

ORIX Real Estate Investment Advisors Corporation

4,926

3,387

6,619

Total Revenues

8,149

5,338

10,528-7-

3,909

(Unaudited)

PE Investment and Concession (1)(Millions of yen)Segment Income Statement Data
Finance revenues *22022.4-2023.3

2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3

2024.4-6

1,026

315

499

2,959

2,906

6,679

348

114

114

598

381

1,207

331

Operating leases

38,653

9,926

10,031

10,475

11,097

41,52910,343

Sales of goods and real estate

280,361

55,41358,73665,816

69,120249,085

64,185Services income

55,934

20,67917,44920,27722,26380,66816,121

Total Segment Revenues :376,322

86,44786,829100,125

105,767

379,168

93,946

Interest expense *3

2,054

843

847

860

428

2,978

817

Costs of operating leases

24,900

6,666

6,686

6,583

6,309

26,244

6,544

Gains on investment securities and dividends *2

2,966

Costs of goods and real estate sold240,942

39,261

40,11844,15944,866

168,404

44,658Services expense

40,90014,614

12,052

14,51017,501

58,677

11,169Other (income) and expense

2,193

(307)

(298)

(148)

(1,577)(2,330)(114)

Selling, general and administrative expenses

56,44918,43324,06523,261

24,10589,86421,015

195

13

178

10

165

366

39

367,633

79,52383,64889,23591,797344,20384,128(5,530)(1,152)

972

2,519

6,663

9,002

22,209

3,159

5,772

4,153

13,40920,63343,96732,027

Provision for credit losses, and write-downs of long-lived
assets and securities
Total Segment Expenses :Equity in Net income (Loss) of equity method investments and others *1 *2

Segment Profits*1 Since the first quarter of fiscal 2024, segment profits have been calculated with broadened the scope of profit sharing for inter-segment collaboration.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3 Since the first quarter of fiscal 2025, the interest expenses allocation method for each segment was partially changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
(Millions of yen)Segment Profits

2022.4-2023.3

2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3

2024.4-6

PE Investment

10,704

6,212

2,988

11,23318,06338,496

Concession(7,545)

(440)

1,165

2,176

2,570

5,471

2,908

Total Segment Profits

3,159

5,772

4,153

13,40920,63343,96732,027-8-

29,119(Unaudited)

PE Investment and Concession (2)(Millions of yen)Segment Assets

2023.32023.62023.92023.122024.32024.6Net Investment in Leases

1,616

1,624

1,483

1,522

1,238

1,186

Installment Loans *1

14,225

14,405

111,756

114,115

115,629

117,472

Investment in Operating Leases

52,976

54,68554,73855,48456,28657,483

Investment in Securities *1

36,05836,07935,91336,46836,7296,982

Property under Facility Operations

51,97851,33650,00043,55141,41632,820Inventories

48,71648,921

47,98548,55547,55339,147

4

6

17

13

5

9

28,79627,523

128,472

126,543

118,310122,029

Advances for Finance Lease and Operating Lease
Equity method investments *1

2,354

2,600

2,749

3,739

4,466

71

Goodwill, Intangible Assets Acquired in Business Combinations

Advances for Property under Facility Operations

368,748376,222375,644

370,839351,202339,591

Other assets *2

264,395

270,062

247,614

263,327

293,813250,387

Total Segment Assets

869,866

883,463

1,056,371

1,064,156

1,066,647

967,177*1 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, trade notes, accounts and other receivable.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
(Millions of yen)Segment Assets

2023.32023.62023.92023.122024.32024.6

PE Investment

838,240

852,643

1,024,708

1,030,458

1,031,834

929,488

Concession

31,62630,82031,66333,69834,81337,689Total Segment Assets

869,866

883,463

1,056,371

1,064,156

1,066,647

967,177-9-

(Unaudited)

Environment and Energy (1)(Millions of yen)Segment Income Statement Data
Finance revenues *22023.4-6

2022.4-2023.3

2023.7-92023.10-122024.1-3

2024.4-6

2023.4-2024.3

1,230

365

355

383

375

1,478

294

Gains on investment securities and dividends

22

(8)

－

1,187

605

1,784

(10)

Operating leases

78

20

20

19

20

79

20

Sales of goods and real estate

4,200

805

853

1,129

984

3,771

701

210,240

35,934

43,62839,45339,471

158,486

37,593

Total Segment Revenues :215,770

37,11644,85642,171

41,455

165,598

38,598Interest expense *3

8,063

2,086

2,960

2,726

3,321

11,093

3,113

19

5

4

5

4

18

5

Services income

Costs of operating leases
Costs of goods and real estate sold
Services expense
Other (income) and expense
Selling, general and administrative expenses
Provision for credit losses, and write-downs of long-lived
assets and securities
Total Segment Expenses :Equity in Net income (Loss) of equity method investments and others *1*2

Segment Profits

2,627

457

548

612

619

2,236

389

167,733

23,43930,46928,52327,675

110,106

27,155

(194)

217

746

(1,528)(4,068)(4,633)

175

16,276

4,495

4,541

4,670

4,964

18,670

5,205

50

(1)

26

23

103

151

22

194,574

30,69839,29435,031

32,618

137,641

36,064

15,977(1,436)

1,584

6,619

3,348

10,115(3,016)37,173

4,982

7,146

13,75912,18538,072(482)*1 Since the first quarter of fiscal 2024, segment profits have been calculated with broadened the scope of profit sharing for inter-segment collaboration.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3 Since the first quarter of fiscal 2025, the interest expenses allocation method for each segment was partially changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.

- 10 -

(Unaudited)

Environment and Energy (2)(Millions of yen)Segment Assets

2023.32023.62023.92023.122024.32024.6Net Investment in Leases

6,723

6,434

6,468

6,208

3,104

2,835

Installment Loans *1

2,138

2,216

2,478

2,502

2,255

2,407

264

259

257

253

250

245

Investment in Operating Leases
Investment in Securities
Property under Facility Operations
Inventories
Advances for Finance Lease and Operating Lease
Equity method investments *1

1,580

1,738

1,791

542

571

590

362,043

370,847

376,782

415,812453,252

466,742

9,825

6,290

3,946

3,880

2,463

4,154

1

1

1

1

－

－

188,436

190,179

205,494

215,875

219,018

229,649

Advances for Property under Facility Operations

88,493

95,143112,001

77,86344,962

44,179Goodwill, Intangible Assets Acquired in Business Combinations

114,114

116,525

124,044

123,063

121,174

124,183

Other assets *2

115,912

120,725

135,167

140,286

129,385

140,399

Total Segment Assets

889,529910,357

968,429986,285

976,434

1,015,383*1 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, trade notes, accounts and other receivable.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.

- 11 -

(Unaudited)

Insurance (1)(Millions of yen)Segment Income Statement Data
Finance revenues
Life insurance premiums and related investment income
Services income
Total Segment Revenues :Interest expense *2
Life insurance costs *1
Other (income) and expense
Selling, general and administrative expenses
Provision for credit losses, and write-downs of long-lived
assets and securities
Total Segment Expenses :Equity in Net income (Loss) of equity method investments and others

Segment Profits
of which Hartford

2023.4-6

2022.4-2023.3

2023.7-92023.10-122024.1-3

2024.4-6

2023.4-2024.3

300

74

70

68

88

300

84

496,561

153,044

133,982

108,809

165,698

561,533

144,946

2,626

663

753

412

208

2,036

(1)

499,487

153,781

134,805

109,289

165,994563,869

145,029

11

－

－

1

13

14

28

375,326

119,718

102,31478,724133,071433,827

109,328

(3)

(2)

(1)

2

99

98

(33)

60,815

14,641

14,464

14,213

15,99159,30913,761

(1)

－

－

(2)

－

(2)

1

436,148

134,357

116,777

92,938149,174

493,246

123,085

5

(1)

－

205

(1)

203

－

63,344

19,42318,02816,556

16,81970,826

21,944(1,174)

649

225

97

1,051

2,022

731

*1 Accounting Standards Update 2018-12 (“Targeted Improvements to the Accounting for Long-Duration Contracts”—ASC 944 (“Financial Services—Insurance”)) has been adopted since the first quarter offiscal 2024 and applied retrospectively since fiscal 2022.
*2 Since the first quarter of fiscal 2025, the interest expenses allocation method for each segment was partially changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.

- 12 -

(Unaudited)

Insurance (2)(Millions of yen)Segment Assets

2023.32023.62023.92023.122024.32024.6

Installment Loans

18,10918,497

14,634

14,91011,792

11,954

Investment in Operating Leases

27,46727,44427,314

27,14826,876

26,865Investment in Securities *1

1,982,573

2,151,675

2,036,711

2,134,995

2,236,495

2,231,121

Equity method investments *1

17,577

19,961

22,40324,21829,742

31,676

Goodwill, Intangible Assets Acquired in Business Combinations

4,686

4,675

4,663

4,452

4,452

4,452

Other assets *2
Total Segment Assets

595,793

513,527

557,878

554,104

612,570

578,285

2,646,205

2,735,779

2,663,603

2,759,827

2,921,927

2,884,353*1 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, trade notes, accounts and other receivable.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
(Thousands)
Life Insurance Business
Number of Insurance Policies in Force
Number of New Insurance Policies in Force (accumulated)

2023.32023.62023.92023.122024.32024.6

4,895

4,877

4,858

4,840

4,820

4,795

277

52

99

149

200

44

- 13 -

(Unaudited)

Banking and Credit (1)(Millions of yen)Segment Income Statement Data
Finance revenues *1

2022.4-2023.3

2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3

2024.4-6

78,066

19,482

20,14820,184

20,83980,653

Gains on investment securities and dividends *1

(351)

214

(27)

212

201

600

131

Services income

7,059

1,502

1,609

1,940

2,270

7,321

638

Total Segment Revenues :

84,774

21,19821,73022,33623,31088,574

14,898Interest expense *2

5,181

1,265

1,343

1,249

1,445

5,302

1,310

Services expense

7,229

1,853

1,583

469

2,349

6,254

2,385

Other (income) and expense
Selling, general and administrative expenses
Provision for credit losses, and write-downs of long-lived
assets and securities
Total Segment Expenses :Equity in Net income (Loss) of equity method investments and others *1

Segment Profits

14,129

(318)

(172)

(104)

64

(94)

(306)

(86)

33,351

7,763

8,278

7,888

8,957

32,886

5,355

716

2,078

2,038

2,108

(2,160)

4,064

119

46,15912,787

13,138

11,778

10,497

48,200

9,083

(488)

(55)

(146)

(4)

57,18456,979583

38,127

8,356

8,446

10,55469,997

97,3536,398*1 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the first quarter of fiscal 2025, the interest expenses allocation method for each segment was partially changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.

- 14 -

(Unaudited)

Banking and Credit (2)(Millions of yen)Segment Assets
Installment Loans *1
Investment in Securities *1
Inventories

2023.32023.62023.92023.122024.32024.62,395,340

2,409,764

2,396,822

2,438,262

2,378,183

2,306,184

289,621288,623

295,153

298,562311,237

312,328

9

9

10

9

－

－

Equity method investments *1

2,006

2,123

2,046

1,925

43,60144,360Goodwill, Intangible Assets Acquired in Business Combinations

11,771

11,771

11,771

11,771－－Other assets *2
Total Segment Assets

255,038

260,886

260,152

262,297

201,196

213,277

2,953,785

2,973,176

2,965,954

3,012,826

2,934,217

2,876,149*1 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, trade notes, accounts and other receivable.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.

- 15 -

(Unaudited)

Aircraft and Ships (1)(Millions of yen)Segment Income Statement Data
Finance revenues *1

2023.4-6

2022.4-2023.3

7,312

2023.7-9
1,9712023.10-122,080

2024.1-3

1,930

2024.4-6

2023.4-2024.3

1,788

7,769

1,807

Gains on investment securities and dividends *1(1,350)

(47)

279

(256)

(106)

(130)

8

Operating leases

37,208

9,341

12,526

11,01615,191

48,074

14,695

624

35

62

－

－

97

59

Sales of goods and real estate

10,871

1,487

1,512

2,891

3,491

9,381

2,383

Total Segment Revenues :Services income

54,665

12,787

16,45915,581

20,36465,191

18,952

Interest expense *2

6,974

2,041

3,048

3,301

3,206

11,596

3,345

Costs of operating leases

16,898

3,918

6,360

4,587

3,988

18,853

6,180

647

36

61

(1)

－

96

59

2,103

133

373

335

942

1,783

480

Costs of goods and real estate sold
Services expense
Other (income) and expense(4,024)(610)(2,363)

(485)

(142)

(3,600)(102)

Selling, general and administrative expenses

10,369

2,506

2,430

2,842

2,567

10,345

2,516

1

－

－

－

3

3

－

32,968

8,024

9,909

10,57910,56439,076

12,478

8,789

2,854

4,627

5,192

5,578

18,251

5,290

30,486

7,617

11,177

10,194

15,37844,366

11,764

8,183

2,066

4,192

5,143

5,143

16,544

4,431

Provision for credit losses, and write-downs of long-lived
assets and securities
Total Segment Expenses :Equity in Net income (Loss) of equity method investments and others *1

Segment Profits
of which Avolon*1 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the first quarter of fiscal 2025, the interest expenses allocation method for each segment was partially changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.

- 16 -

(Unaudited)

Aircraft and Ships (2)(Millions of yen)Segment Assets
Net Investment in Leases

2023.32023.62023.92023.122024.32024.6

－

－

(1)

(1)

－

－

Installment Loans *1

75,91475,64472,052

61,69560,46855,491

Investment in Operating Leases

295,858

372,439

419,706

409,108

557,867

652,979

5,112

5,535

6,062

5,627

11,96012,418

37

25

－

－

733

862

Investment in Securities *1
Inventories

－

－

－

－

9,232

11,982Equity method investments *1

Advances for Finance Lease and Operating Lease

347,508

375,032

390,432

373,344

399,061

428,566

Goodwill, Intangible Assets Acquired in Business Combinations

18,461

19,11018,896

16,301

19,114

22,339Other assets *2

66,05374,49675,24369,785111,206

120,292

Total Segment Assets

808,943922,281982,390935,859

1,169,641

1,304,929*1 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, trade notes, accounts and other receivable.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.

- 17 -

(Unaudited)

ORIX USA (1)(Millions of yen)Segment Income Statement Data

2022.4-2023.3

2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3

2024.4-6

Finance revenues *1

106,875

28,71528,947

27,87327,010112,545

Gains on investment securities and dividends *1

29,209

2,596

1,995

3,644

(1,789)

6,446

153

426

94

605

284

242

1,225

139

2,034

34

197

211

160

602

172

Operating leases
Sales of goods and real estate
Services income

27,50447,345

11,523

13,031

14,47013,58452,608

11,619Total Segment Revenues :

185,889

42,962

44,77546,482

39,207

173,426

39,587

Interest expense *2

34,056

12,131

12,232

11,657

11,446

47,466

11,684273

Costs of operating leases

216

47

57

258

185

547

Costs of goods and real estate sold

1,161

47

92

90

81

310

92

Services expense

4,871

626

909

950

1,846

4,331

541

Other (income) and expense

2,447

(711)

(689)

405

(1,083)(2,078)(889)

Selling, general and administrative expenses

85,515

20,624

20,95721,50522,39785,483

23,471

Provision for credit losses, and write-downs of long-lived
assets and securities *1

4,741

(316)

1,321

1,668

5,264

7,937

306

133,00732,44834,87936,53340,136

143,996

35,478

5,726

1,698

(617)

4,146

(6,726)(1,499)7,726

58,608

12,212

9,279

14,095(7,655)27,931

11,835

Total Segment Expenses :Equity in Net income (Loss) of equity method investments and others *1

Segment Profits*1 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the first quarter of fiscal 2025, the interest expenses allocation method for each segment was partially changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.

- 18 -

(Unaudited)

ORIX USA (2)(Millions of yen)Segment Assets

2023.3Net Investment in Leases

2023.62023.92023.122024.32024.6

483

514

520

483

505

525

747,783

787,496

710,464

649,824

699,384

699,812

3,612

3,797

3,897

10,751

9,858

10,657

Investment in Securities *1

384,082423,782452,946455,331509,172

524,939

Property under Facility Operations and Servicing Assets

81,291

83,832

86,04680,77379,747

83,972

Installment Loans *1
Investment in Operating Leases

Inventories

142

181

157

128

159

206

Equity method investments *1

87,513

95,901

96,544

88,62861,41566,470Goodwill, Intangible Assets Acquired in Business Combinations

157,811

170,828

175,702

166,099

176,785

187,495

Other assets *2
Total Segment Assets

162,167

169,163

173,532

149,918

157,459

193,569

1,624,884

1,735,494

1,699,808

1,601,935

1,694,484

1,767,645*1 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, trade notes, accounts and other receivable.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
(Billions of USD)
Asset Management BusinessEnd of Period AUM

2023.32023.674.4

2023.974.7- 19 -

2023.1275.1

2024.375.42024.675.4

75.3

(Unaudited)

ORIX Europe (1)(Millions of yen)Segment Income Statement Data
Finance revenues
Gains on investment securities and dividends *1
Services income
Total Segment Revenues :2023.4-6

2022.4-2023.3

812

2023.7-9457

2023.10-12596

2024.1-3
687

2023.4-2024.3

669

2,409

2024.4-6
801(1,349)

2,259

(370)

4,610

4,212

10,711

1,164

207,829

48,99652,33655,00957,690214,03162,137207,292

51,712

52,56260,306

62,571

227,151

64,102

Interest expense *2

506

70

71

71

77

289

193

Services expense

48,921

12,573

13,365

13,775

14,511

54,224

16,255

609

778

(974)

2,156

706

2,666

2,954

112,129

30,91630,34233,57335,665130,496

34,239

－

－

－

217

－

217

－

162,165

44,33742,804

49,79250,959187,892

53,641Other (income) and expense
Selling, general and administrative expenses
Provision for credit losses, and write-downs of long-lived
assets and securities
Total Segment Expenses :Equity in Net income (Loss) of equity method investments and others *1

Segment Profits

(641)

(241)

2,644

372

(396)

2,379

693

44,486

7,134

12,402

10,886

11,216

41,638

11,154*1 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the first quarter of fiscal 2025, the interest expenses allocation method for each segment was partially changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.

- 20 -

(Unaudited)

ORIX Europe (2)(Millions of yen)Segment Assets

2023.32023.62023.92023.122024.32024.6

Investment in Securities *1

76,64887,51085,87581,56382,56892,172Equity method investments *1

10,213

11,17011,506

11,20911,907

12,940Goodwill, Intangible Assets Acquired in Business Combinations

331,080

356,952

355,656

352,123

364,773

381,708

Other assets *2

194,943

180,214

195,986

204,828

202,891

216,074

Total Segment Assets

612,884

635,846

649,023

649,723

662,139702,894*1 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, trade notes, accounts and other receivable.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
(Billions of euro)
Asset Management BusinessEnd of Period AUM

2022.4-2023.3

296.1

2023.4-6

2023.7-9305.42023.10-12301.32024.1-3309.82023.4-2024.3

341.9

341.9

2024.4-6
348.3

Net New Money(12.4)

(2.9)

(6.2)

(7.6)

4.0

(12.7)(0.2)

NNM as % of BoP AUM(3.8)%(1.0)%(2.1)%(2.6)%

1.3%(4.3)%(0.1)%

Institutional AUM

145.8

151.6

149.1

152.7

169.9

169.9

171.4

Retail AUM

150.3

153.8

152.2

157.1

172.0

172.0

176.9

- 21 -

(Unaudited)

Asia and Australia (1)(Millions of yen)Segment Income Statement Data
Finance revenues *2
Gains on investment securities and dividends *2
Operating leases
Sales of goods and real estate
Services income

2022.4-2023.3

59,9332023.4-6

2023.7-9

16,5012023.10-12

17,7072024.1-3

18,1262023.4-2024.3

18,502

70,8362024.4-6
19,212

1,574

565

(190)

(96)

7,606

7,885

116

104,614

28,19330,30331,12833,000122,624

33,373

1,698

143

10

208

64

425

217

20,613

5,694

6,153

6,531

5,145

23,523

6,682

Total Segment Revenues :

188,432

51,09653,98355,89764,317225,293

59,600Interest expense *3

23,088

7,475

8,750

9,370

10,14235,737

10,74624,544

Costs of operating leases

78,95020,84022,607

23,25523,63490,336

Costs of goods and real estate sold

1,673

136

9

197

58

400

197

Services expense

12,214

3,473

3,892

3,878

3,796

15,039

4,138

147

(423)

(624)

(219)

(224)

(1,490)(379)

Selling, general and administrative expenses

Other (income) and expense

37,844

9,529

10,471

10,648

10,91041,558

10,974

Provision for credit losses, and write-downs of long-lived
assets and securities

2,601

1,216

1,793

2,018

3,000

8,027

1,950

156,517

42,246

46,89849,14751,316

189,60752,17011,941

2,068

517

4,773

4,025

11,383

1,453

43,856

10,918

7,602

11,52317,02647,0698,883

Total Segment Expenses :Equity in Net income (Loss) of equity method investments and others *1*2

Segment Profits*1 Since the first quarter of fiscal 2024, segment profits have been calculated with broadened the scope of profit sharing for inter-segment collaboration.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3 Since the first quarter of fiscal 2025, the interest expenses allocation method for each segment was partially changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.

- 22 -

(Unaudited)

Asia and Australia (2)(Millions of yen)Segment Assets

2023.32023.62023.92023.122024.32024.6Net Investment in Leases

454,961

500,405

525,836524,399

530,426

568,904

Installment Loans *1

312,809337,217345,458

333,504

343,936

352,699

Investment in Operating Leases

329,549

363,945379,756

386,163395,573

420,833

Investment in Securities *1

36,44438,36738,64836,81433,52035,564

Property under Facility Operations

1,184

1,462

1,840

1,752

1,849

1,940

Inventories
Advances for Finance Lease and Operating Lease
Equity method investments *1

202

109

278

260

224

306

3,720

5,621

4,505

4,613

3,017

3,512

249,481

261,050

266,303

264,029

271,682

287,156

Goodwill, Intangible Assets Acquired in Business Combinations

6,746

7,212

7,289

6,990

7,313

7,749

Other assets *2

89,47396,16098,80894,864

121,693

124,224

1,484,569

1,611,548

1,668,721

1,653,388

1,709,233

1,802,887

Total Segment Assets*1 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, trade notes, accounts and other receivable.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.

- 23 -

(Unaudited)

Key Quarterly Financial Information (1)Income Statement Data
Finance revenues *2
Gains on investment securities and dividends *2

Operating leases
Life insurance premiums and related investment income
Sales of goods and real estate
Services income
Total Revenues :Interest expense
Costs of operating leases
Life insurance costs *1
Costs of goods and real estate sold
Services expense
Other (income) and expense
Selling, general and administrative expenses
Provision for credit losses *2
Write-downs of long-lived assets
Write-downs of securities
Total Expenses :Operating Income
Equity in Net Income of Equity method investments *2

Gains on Sales of Subsidiaries and Equity method investments andLiquidation Losses, net *2
Bargain Purchase Gain
Income before Income Taxes
Provision for Income taxes *1
Net Income
Net Income (Loss) Attributable to Noncontrolling Interests

Net Income Attributable to Redeemable Noncontrolling Interests

348,001
33,023
535,490558,923
373,914965,0102,814,361
188,328
356,760
433,863
268,627
560,101(4,671)
627,633
20,9681,724
315
2,453,648
360,71336,774(Millions of yen)2024.4-6
83,007
3,287
141,786
144,409
100,917
234,733
708,139
45,006
93,381
110,11272,768136,860
4,876
156,2842,498
88
0
621,873
86,266
7,756

60,91072,48826,147－
159,968
39,006
120,962(6,037)72
126,927－
469,975
131,388338,587(7,682)
137
346,132－
120,169
35,00585,164(1,652)
81
86,735

319,478
27,850499,541
494,070
392,569
930,151
2,663,659
127,618
336,987
373,906
333,009571,127
14,445559,406
8,117
2,297
824
2,327,736
335,923
22,0812023.4-6
85,405
7,778
122,000
152,518
91,660217,437
676,798
43,081
85,625
119,720
64,827
127,127
3,534
146,7862,992
86
16
593,794
83,004
5,433

2023.7-9
86,237
3,072
137,949
133,220
82,140240,540
683,158
47,81091,269102,377
59,968140,050(1,031)
155,479
5,624
452－
601,998
81,160
11,2422023.10-12
88,454
10,406
131,487
108,274
87,639257,540
683,800
47,70389,50878,70162,454
143,202(2,316)
156,671
5,683
105
246
581,957
101,843
15,7472024.1-3
87,905
11,767144,054
164,911
112,475
249,493770,605
49,73490,358133,065
81,378
149,722(4,858)
168,697
6,669
1,081
53
675,899
94,706
4,352

33,000

955

2,673

7,950

1,174
392,178
95,245296,933
6,561
32
290,340－
89,392
25,23564,1571,177
1462,966－
95,07528,592
66,483
1,325
24
65,134－
125,540
38,55586,985(4,147)
27
91,1052022.4-2023.3

2023.4-2024.3

Net Income Attributable to ORIX Corporation Shareholders*1 Accounting Standards Update 2018-12 (“Targeted Improvements to the Accounting for Long-Duration Contracts”—ASC 944 (“Financial Services—Insurance”)) has been adopted since the first quarter of fiscal 2024
and applied retrospectively since fiscal 2022.
*2 The presentation of equity method investment has been changed since the fourth quarter of the fiscal 2024.
Certain line items presented in Income Statement Data in the previous years have been retrospectively reclassified for this change.

Yields on Assets *3
Interest *1
Japan
Overseas
Assets (Average Balance) *2
Japan
Overseas
Yields on Assets
Japan
Overseas2022.4-2023.3

2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3(Millions of yen)2024.4-6

125,939
151,679

31,83340,60732,293
41,37334,87040,25935,95139,495

134,947
161,734

32,13839,324

3,397,321
1,652,065

3,402,671
1,646,242

3,446,320
1,677,585

3,498,617
1,612,019

3,494,204
1,602,063

3,460,453
1,634,478

3,441,882
1,655,746

3.7%
9.2%

3.7%
9.9%

3.7%
9.9%

4.0%
10.0%

4.1%
9.9%

3.9%
9.9%

3.7%
9.5%

*1 Interest above is related to Net Investment in Leases and Installment Loans.
*2 Assets above are related to Net Investment in Leases and Installment Loans.
*3 The presentation of equity method investment has been changed since the fourth quarter of the fiscal 2024. The amounts in the previous years have been retrospectively reclassified for this change.

- 24 -

(Unaudited)

Key Quarterly Financial Information (2)(Millions of yen)
Balance Sheet Data

2023.32023.62023.92023.122024.32024.6Net Investment in Leases

1,087,563

1,127,427

1,165,789

1,157,610

1,155,023

1,187,951

Installment Loans *2

3,905,026

3,977,810

3,976,785

3,921,088

3,958,814

3,893,468(65,373)(67,235)(69,868)(68,806)(58,110)(57,890)

Allowance for Credit Losses *2
Investment in Operating Leases

1,537,178

1,658,440

1,723,328

1,723,133

1,868,574

2,032,699

Investment in Securities *2

2,852,378

3,074,738

2,996,067

3,091,205

3,263,079

3,248,011

Property under Facility Operations
Equity method investments *2
Inventories

620,994

625,712635,070

661,337

689,573

692,416

1,062,410

1,119,548

1,271,879

1,255,155

1,313,887

1,385,876

169,021

170,012

222,906

231,186

227,359

217,408

Other Assets (Cash and Cash Equivalents etc.) *1

4,120,188

3,897,693

3,873,264

3,797,281

3,903,901

3,902,424

Total Assets

15,289,385

15,584,145

15,795,220

15,769,189

16,322,100

16,502,363

Short-Term Debt, Long-Term Debt and Deposits

7,964,864

8,114,666

8,258,215

8,209,073

8,446,306

8,577,834
1,840,773

Policy Liabilities and Policy Account Balances *1

1,832,057

1,887,692

1,783,074

1,858,493

1,892,510

Other Liabilities (Trade Notes, Accounts and Other Payable etc.) *1

1,877,197

1,858,140

1,910,092

1,894,762

1,958,674

1,924,477

Total Liabilities

11,674,118

11,860,498

11,951,381

11,962,328

12,297,490

12,343,084

Redeemable Noncontrolling Interests (RNCI)ORIX Corporation Shareholders’ Equity *1

945

1,606

1,843

1,845

2,645

2,985

3,543,607

3,643,306

3,761,098

3,727,404

3,941,466

4,073,643

70,71578,73580,89877,61280,49982,651

Total Equity

Noncontrolling Interests

3,614,322

3,722,041

3,841,996

3,805,016

4,021,965

4,156,294

Total Liabilities, RNCI and Equity

15,289,385

15,584,145

15,795,220

15,769,189

16,322,100

16,502,363*1 Accounting Standards Update 2018-12 (“Targeted Improvements to the Accounting for Long-Duration Contracts”—ASC 944 (“Financial Services—Insurance”)) has been adopted since the first quarter of fiscal 2024
and applied retrospectively since fiscal 2022.
*2 The presentation of equity method investment has been changed since the fourth quarter of the fiscal 2024.
Certain line items presented in Balance Sheet Data in the previous years have been retrospectively reclassified for this change.

Key Exchange Rate

2023.32023.62023.92023.122024.32024.6

Yen/Dollar
Quarter Average Rate

133.26138.11145.44147.00147.87156.53

Period End Rate

133.53144.99149.58141.83151.41161.07

Yen/Euro
Quarter Average Rate

143.34150.35

157.70158.82160.90168.37

Period End Rate

145.72

157.60158.00157.12

163.24172.33- 25 -

(Unaudited)

Information Regarding Major Assets (1)Amended New Business Volumes of Installment Loans Overseas for 2024.4-6 (September 18, 2024)(Millions of yen)
New Business Volumes
Net Investment in Leases: New equipment acquisitions
Japan
Overseas2022.4-2023.3

2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3

2024.4-6

512,684
205,011
307,673

143,630
51,55892,072

144,297
59,22085,077

136,819
48,902
87,917111,239
52,78258,457535,985
212,462
323,523

128,436
47,328
81,1081,277,590
889,855
387,735

280,802210,842
69,960387,101
307,820
79,281

338,367
232,136
106,231426,973
314,188
112,785

1,433,243
1,064,986
368,257

309,206
217,31791,889Operating Leases: New equipment acquisitions
Japan(Real Estate in Japan)
Overseas446,850
228,999
56,256
217,851

160,735
64,026
16,362
96,709171,892
60,34011,552
111,552

128,138
54,6305,061
73,508111,319
61,893
9,847
49,426572,084
240,889
42,822
331,195

222,928
105,160
53,689117,768

Investment in Securities: New securities added *JapanOverseas571,404
476,082
95,322

159,378
149,690
9,688

101,51771,88929,628150,105
121,999
28,106217,060
178,257
38,803

628,060
521,835
106,225

194,696
162,797
31,899Other Operating Transactions: New assets added
Japan
Overseas134,117
116,211
17,90639,237
27,973
11,26480,69680,197499

67,014
26,43940,57582,18933,15549,034

269,136
167,764
101,372

30,63030,462
168

Installment Loans: New loans added *JapanOverseas* The presentation of equity method investment has been changed since the fourth quarter of the fiscal 2024. The amounts in the previous years have been retrospectively reclassified for this change.

(Millions of yen)
Net Investment in Leases

2023.32023.62023.92023.122024.32024.6

Transportation Equipment
Industrial Equipment

451,936
251,577

471,431260,923

505,195
245,823510,073
242,878

521,006
231,867

544,881
235,475

Electronics

107,428

105,830

106,814102,772

98,313

97,211

Information-Related and Office Equipment

104,236

108,856

119,581

117,850

118,784

119,912

Commercial Services Equipment

47,24349,65664,37265,023

66,377

66,970

Others125,143

130,731

124,004

119,014

118,676

123,502

Total

1,087,563

1,127,427

1,165,789

1,157,610

1,155,023

1,187,951(Millions of yen)

Installment Loans by Region and Loan Type *2023.32023.62023.92023.122024.32024.6

Consumer Borrowers in Japan:
Real Estate Loans
Card Loans
Others2,151,188
1,949,865
171,635
29,6882,147,177
1,945,972
170,706
30,4992,132,710
1,928,657
173,142
30,9112,138,686
1,935,683
171,472
31,531

1,929,247
1,851,214
72,353
5,680

1,943,813
1,867,671
70,244
5,898

Corporate Borrowers in Japan:

586,678

600,421585,889

605,465

667,616

700,675

296,228
124,499
165,951

307,262
127,074
166,085

320,155
103,685
162,049

312,944
132,210160,311334,506
145,286
187,824

355,101
161,915
183,659

Real Estate Companies
Non-recourse Loans
Commercial, Industrial and Other Companies
Overseas:

1,127,481

1,190,579

1,116,528

1,032,793

1,090,049

1,093,574

Equity method investees:

27,424

28,340130,256

133,178

251,929

135,425

Purchased Loans:

12,255

11,293

11,402

10,966

19,973

19,981

3,905,026

3,977,810

3,976,785

3,921,088

3,958,814

3,893,468

Total* The presentation of equity method investment has been changed since the fourth quarter of the fiscal 2024. The amounts in the previous years have been retrospectively reclassified for this change.

- 26 -

(Unaudited)

Information Regarding Major Assets (2)(Millions of yen)
Investment in Operating Leases

2023.32023.62023.92023.122024.32024.6

Transportation Equipment

947,507

1,051,779

1,112,250

1,107,362

1,264,332

1,375,480

Measuring and Information-Related Equipment

130,836

136,561

141,100

144,240

154,794

164,491

Real Estate

270,939

282,684

277,989

278,584

261,706

302,694

Others47,93949,64349,59349,20949,28650,334Right-of-use Assets (Operating Leases)

98,41796,316

93,83991,98987,35985,815

Accrued Rental Receivables

45,12345,34552,53055,664

54,23056,369Allowance for Doubtful Receivables on Operating Leases
Total(3,583)(3,888)(3,973)(3,915)(3,133)(2,484)

1,537,178

1,658,440

1,723,328

1,723,133

1,868,574

2,032,699(Millions of yen)

Asset Quality (Net Investment in Leases, Installment Loans) *2

Net Investment in Leases

2023.32023.62023.92023.122024.32024.6

1,087,563

1,127,427

1,165,789

1,157,610

1,155,023

1,187,951

16,841

18,82820,71618,00520,80521,355

3,905,026

3,977,810

3,976,785

3,921,088

3,958,814

3,893,468

33,70641,991

48,99539,86334,15463,099Loans Individually Assessed for Credit Losses

48,304

48,89147,39565,221

54,42259,316

Allowance Individually Assessed for Credit Losses

9,361

9,090

10,296

9,257

14,335

14,622

2.0%

2.1%

2.3%

2.4%

2.1%

2.8%

Non-performing Net Investment in Leases
Installment Loans
Non-performing Installment Loans
Non-performing Installment Loans Not Individually
Assessed for Credit Losses

Non-performing Ratio *1*1 (Non-performing Net Investment in Leases + Non-performing Installment Loans Not Individually Assessed for Credit Losses + Loans Individually Assessed for Credit Losses) ÷(Net Investment in Leases + Installment Loans)*2 The presentation of equity method investment has been changed since the fourth quarter of the fiscal 2024.
The amounts in the previous years have been retrospectively reclassified for this change.

- 27 -

(Unaudited)

Information Regarding Major Assets (3)(Millions of yen)
Allowance for Credit Losses *4
Beginning Balance
Net Investment in Leases
Loans Not Individually Assessed for Credit Losses
Loans Individually Assessed for Credit Losses
Provision / Reversal (Reversal)
Net Investment in Leases
Loans Not Individually Assessed for Credit Losses
Loans Individually Assessed for Credit Losses
Charge-offs / Recoveries (Charged-offs)
Net Investment in Leases
Loans Not Individually Assessed for Credit Losses
Loans Individually Assessed for Credit Losses
Other *1
Net Investment in Leases
Loans Not Individually Assessed for Credit Losses
Loans Individually Assessed for Credit Losses
Ending Balance
Net Investment in Leases
Loans Not Individually Assessed for Credit Losses
Loans Individually Assessed for Credit Losses

66,091
16,30336,932
12,856
12,486
1,678
5,321
5,487
(16,187)(2,610)(3,972)(9,605)
2,150
348
1,179
623
64,54015,71939,4609,361

2023.4-6
64,54015,71939,460
9,361
2,211
775
1,573
(137)
(2,959)(608)(1,831)
(520)
2,566
502
1,678
386
66,35816,38840,8809,090

2023.7-9
66,35816,38840,880
9,090
5,356
942
2,596
1,818
(3,594)(609)(1,702)(1,283)
780
88
21
671
68,90016,80941,795
10,2962023.10-12
68,90016,80941,795
10,296
4,986
815
3,103
1,068
(4,332)(596)(2,005)(1,731)(1,712)(300)(1,036)(376)
67,842
16,72841,8579,257

2024.1-3
67,842
16,72841,857
9,257
8,099
532
(490)
8,057
(3,748)(796)(2,191)(761)(15,103)316(13,201)(2,218)57,09016,78025,975
14,335833
65,373
17,843877
67,235
18,535968
69,86818,783964
68,80618,997

1,020
58,1105,1162022.4-2023.3

Other than the above *2
Total Ending Balance of Allowance for Credit Losses
Allowance for off-balance sheet credit exposures *364,54015,71939,4609,361
20,652
3,064
6,782
10,806(14,633)(2,609)(7,729)(4,295)(13,469)606(12,538)(1,537)57,09016,78025,975
14,3352024.4-6
57,09016,78025,975
14,335
2,292
797
(573)
2,068
(4,110)(458)(921)(2,731)
1,631
655
26
950
56,903
17,77424,507
14,622

1,020
58,1105,116

987
57,8905,559

2023.4-2024.3*1 Other mainly includes foreign currency translation adjustments and others.
*2 Other than the above includes allowance for credit losses on other accounts receivables.
*3 Allowance for off-balance sheet credit exposures is recorded in other liabilities on the consolidated balance sheet.
*4 The presentation of equity method investment has been changed since the fourth quarter of the fiscal 2024. The amounts in the previous years have been retrospectively reclassified for this change.

(Millions of yen)
Provisioning Rate(Net investment in Leases, Installment Loans) *2
Provision for Credit Losses
Provisioning Rate *1

2022.4-2023.3

2023.4-6

12,4860.25%

2023.7-9
2,211
0.18%

2023.10-12
5,356
0.42%

2024.1-3

4,986
0.39%

2023.4-2024.3

8,099
0.64%

2024.4-6

20,652
0.41%

2,292
0.18%

*1 Provisions Charged to Income / (Average Net Investment in Leases + Average Installment Loans)*2 The presentation of equity method investment has been changed since the fourth quarter of the fiscal 2024. The amounts in the previous years have been retrospectively reclassified for this change.

(Millions of yen)
Provision for Credit Losses *2
Net Investment in Leases
Installment Loans
Off-balance sheet credit exposures
Available-for-Sale Debt Securities
Other than the above *1
Total

2022.4-2023.3

1,678
10,808(4,542)
(21)
194
8,117

2023.4-6

2023.7-9
775
1,436
420
292
69
2,992

2023.10-12
942
4,414
171
－
97
5,624

815
4,171
461
153
83
5,683

*1 Other than the above includes provision for credit losses on other accounts receivables.
*2 The presentation of equity method investment has been changed since the fourth quarter of the fiscal 2024. The amounts in the previous years have been retrospectively reclassified for this change.

- 28 -

2024.1-3
532
7,567(1,492)－
62
6,669

2023.4-2024.3

3,064
17,588
(440)
445
311
20,9682024.4-6
797
1,495
204
－
2
2,498

(Unaudited)

Information Regarding Major Assets (4)Investment in Securities
Equity Securities *Trading Debt Securities
Available-for-Sale Debt Securities
Government Bond Securities and Municipal Bond Securities (Japan)
Government Bond Securities and Municipal Bond Securities (Overseas)
Corporate Debt Securities
CMBS and RMBS in the Americas
OthersSubtotal
Held-to-Maturity Debt Securities
Total

2023.3500,8322,1792023.6550,6962,255

2023.9559,9762,259

2023.12551,3112,2132024.3597,601－(Millions of yen)2024.6
623,565－

1,053,032
117,509784,388
43,173
236,506
2,234,608
114,759
2,852,378

1,139,105
126,397
831,096
50,444259,4212,406,463
115,324
3,074,738

1,058,081
123,537
802,809
68,193
265,6972,318,317
115,515
2,996,067

1,234,705
126,088818,31374,802
283,7732,537,681－
3,091,205

1,298,369
138,010
844,579
87,740296,780
2,665,478－
3,263,079

1,272,215
153,589854,383
96,098248,1612,624,446－
3,248,011* The presentation of equity method investment has been changed since the fourth quarter of the fiscal 2024. The amounts in the previous years have been retrospectively reclassified for this change.

Unrealized Gains (Losses)
Available-for-Sale Debt Securities
Government Bond Securities and Municipal Bond Securities (Japan)
Government Bond Securities and Municipal Bond Securities (Overseas)
Corporate Debt Securities
CMBS and RMBS in the Americas
OthersTotal

2023.32023.6(178,386)(3,048)(67,137)(2,119)(3,416)(254,106)2023.9(185,261)(4,121)(60,346)(2,236)(3,922)(255,886)2023.12(285,887)(10,760)(89,998)(2,114)(1,714)(390,473)

2024.3(252,967)(3,353)(69,721)(1,334)(1,161)(328,536)(284,248)(3,576)(61,127)(846)(31)(349,828)

Allowance for Credit Losses
2023.32023.62023.92023.122024.3Available-for-Sale Debt Securities
(144)
(454)
(468)
(594)
(634)
※ Impairment related to credit losses is recognized through an allowance for credit losses with changes in the allowance recognized in earnings, if the fair value of available-for-sale debt
securities is less than the amortized cost.

Realized Gains (Losses) on Investment Securities *1

Equity Securities *2
Trading Debt Securities
Available-for-Sale Debt Securities
Government Bond Securities and Municipal Bond Securities (Japan)
Government Bond Securities and Municipal Bond Securities (Overseas)
Corporate Debt Securities
CMBS and RMBS in the Americas
OthersSubtotal
Total

25,026
761

6,843
177

2,598
103

2023.10-12
5,931
180

1
(547)
(562)
－
223
(885)
24,902

－
(3)
8
－
(200)
(195)
6,825

－
35
(53)
－
(1)
(19)
2,682

1
21
433
－
2,696
3,151
9,262

2022.4-2023.3

2023.4-6

2023.7-92024.1-3
10,786
321
－
23
21
－
51
95
11,202(Millions of yen)2024.6(384,832)(2,695)(73,738)
(609)
(855)
(462,729)(Millions of yen)2024.6(535)

26,158781(Millions of yen)2024.4-6
1,391
125

1
76
409
－
2,546
3,032
29,971

－
491
47
－
339
877
2,393

2023.4-2024.3※ Equity securities consist mainly of marketable equity securities, non-marketable equity securities and investment funds.
※ The balance of Investment In Securities related to our life insurance operations are included in Investment in Securities. Income and losses on investment in securities related to our life insurance operations arerecorded in “Life insurance premiums and related investment income”.
*1 Realized gains (losses) consist of gains (losses) from sales of securities, write-downs of securities and credit loss expense of available-for-sale debt securities in addition to unrealized gains (losses) on
equity securities held.
*2 The presentation of equity method investment has been changed since the fourth quarter of the fiscal 2024. The amounts in the previous years have been retrospectively reclassified for this change.

- 29 -

(Unaudited)

Funding (1)(Millions of yen)
Funding2023.32023.62023.92023.122024.32024.6

Short-Term Debt
Borrowings from Financial Institutions

464,287

560,871481,747

481,127

436,822

512,048

Secured borrowings on securities lending transactions

－

－

－

53,712

120,116

119,655

Bonds *

－

－

－

1,101

1,122

1,162

44,50914,484

104,632

104,439

13,8499,201

Commercial Paper *Asset-Backed Notes *Total Short-Term Debt

－

－

－

6,524

2,186

－

508,796575,355

586,379

646,903

574,095

642,066

Long-Term Debt
Borrowings from Financial Institutions, etc.

3,734,530

3,767,737

3,852,939

3,770,553

3,987,754

4,067,324

Bonds *

1,175,087

1,187,415

1,274,057

1,250,866

1,208,672

1,232,328

Medium-Term Notes *149,535

161,860

164,948

163,866

272,064

288,128

Asset-Backed Securities, Commercial Mortgage Backed Securities *150,571

158,845

156,300

148,431

157,886

155,737

5,209,723

5,275,857

5,448,244

5,333,716

5,626,376

5,743,517

Total Long-Term Debt
Short-Term Debt + Long-Term Debt

5,718,519

5,851,212

6,034,623

5,980,619

6,200,471

6,385,583

Deposits

2,246,345

2,263,454

2,223,592

2,228,454

2,245,835

2,192,251

Total Debt

7,964,864

8,114,666

8,258,215

8,209,073

8,446,306

8,577,834* Funding from capital markets.
Share of Long-Term Debt

2023.3

Share of Long-Term Debt *2023.691%2023.990%2023.122024.390%89%2024.691%

90%* Share of long-term debt refers to long-term debt divided by the total of short- and long-term debt.
Funding Structure2023.32023.62023.92023.122024.32024.6

Borrowings from Financial Institutions

53%

53%

52%

53%

53%

54%

Funding from Capital Markets

19%

19%

21%

20%

20%

20%

Deposits

28%

28%

27%

27%

27%

26%
(Millions of yen)

Funding Costs (including Deposits)

2022.4-2023.3

2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3

2024.4-6

Interest
Domestic Currency

14,554

4,622

4,561

4,537

4,664

18,384

5,738

Foreign Currency

113,064

38,45943,24943,16645,070169,944

39,268

Short- and Long-Term Debt and Deposits (Average Balance)
Domestic Currency

4,426,043

4,837,624

4,816,317

4,902,456

4,992,292

4,887,172

5,486,528

Foreign Currency

3,168,771

3,162,400

3,292,695

3,356,204

3,375,034

3,296,583

3,018,592

Domestic Currency

0.33%

0.38%

0.38%

0.37%

0.37%

0.38%

0.42%

Foreign Currency

3.57%

4.86%

5.25%

5.14%

5.34%

5.16%

5.20%

Funding Costs- 30 -

(Unaudited)

Funding (2)(Millions of yen)
Commitment Lines

2023.32023.62023.92023.122024.32024.6

Credit Lines

698,560

731,376

731,276725,078758,667

783,830

Available Commitment Lines

518,585

527,728

501,910

508,408559,322586,065(Millions of yen)

Liquidity (excl. ORIX Bank, ORIX Life Insurance)

2023.32023.62023.92023.122024.32024.6

Cash and Cash Equivalents

898,557

658,898

603,509597,179

705,798

Available Commitment Lines

518,585

527,728

501,910

508,408559,322

671,447
586,065

Liquidity(a)1,417,142

1,186,626

1,105,419

1,105,587

1,265,120

1,257,512

Marketable Short-Term Debt *(b)249,621

196,946

351,922416,624

228,488237,995

Liquidity Coverage Ratio(a)/(b)

568%

603%

314%

265%

554%

528%

* Marketable Short-Term Debt is the total of bonds and Medium-Term Notes (MTN) expected to reach maturity within 1 year and balance of Commercial Paper (CP).
Credit Ratings

2023.32023.62023.92023.122024.32024.6

a-1 +

a-1 +

a-1 +

a-1 +

a-1 +

a-1 +

R&I
Short-Term Debt (CP)Long-Term Debt
S&P Long-Term Debt

AA -

AA -

AA -

AA -

AA

AA

(Stable)(Stable)(Stable)(Stable)(Stable)(Stable)

A-

A-

A-

A-

A-

BBB +

(Negative)(Watch Negative)(Negative)(Negative)(Negative)(Stable)

F2

F2

F2

F2

F2

F2

Fitch
Short-Term Debt
Long-Term Debt
Moody's Long-Term Debt
JCR Long-Term Debt

A-

A-

A-

A-

A-

A-

(Stable)(Stable)(Stable)(Stable)(Stable)(Stable)

A3

A3

A3

A3

A3

A3

(Stable)(Stable)(Stable)(Stable)(Stable)(Stable)

AA

AA

AA

AA

AA

AA

(Stable)(Stable)(Stable)(Stable)(Stable)(Stable)- 31 -