Consolidated Financial Results
Supplementary Information
for the Three-months Ended June 30, 2024
（Five-Year Summary）

ORIX Corporation(NYSE: IX; TSE: 8591)

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

Segment Information
Segment Asset Details (1) (2)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): 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

This document has been prepared based upon yearly 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, 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 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)

Segment Information
Segment
Corporate Financial Services andMaintenance Leasing

Segment Information
2020.4-2021.3
2021.4-2022.3
2022.4-2023.3
2023.4-6
2023.7-92023.10-122024.1-3
2023.4-2024.3
Segment Profits
62,827243,040
76,73920,42520,94819,291
22,58083,244
Segment Assets
1,940,998
1,758,104
1,763,967
1,761,695
1,767,202
1,753,213
1,777,320
1,777,320
Segment Asset ROA
2.13%
9.00%
2.98%
3.17%
3.21%
3.15%
3.22%
3.22%
Real Estate
Segment Profits
24,99632,79852,532
10,276
17,234
24,794
14,751
67,055
Segment Assets
1,003,339
1,017,307
1,049,180
1,050,387
1,105,588
1,121,959
1,110,087
1,110,087
Segment Asset ROA
1.61%
2.22%
3.48%
2.68%
3.50%
4.40%
4.25%
4.25%
PE Investment and Concession
Segment Profits
3,694(11,339)
3,159
5,772
4,153
13,40920,63343,967
Segment Assets
587,988545,224
869,866
883,463
1,056,371
1,064,156
1,066,647
1,066,647
Segment Asset ROA(0.02)%(2.00)%(0.03)%
1.74%
1.46%
2.33%
3.29%
3.29%
Environment and Energy
Segment Profits
28,042
2,632
37,173
4,982
7,146
13,75912,18538,072
Segment Assets
586,835
813,099
889,529910,357
968,429986,285
976,434
976,434
Segment Asset ROA
3.39%
0.26%
2.99%
1.52%
1.79%
2.52%
2.80%
2.80%
Insurance
Segment Profits
55,11058,403
63,344
19,42318,02816,556
16,81970,826
Segment Assets
2,525,596
2,655,229
2,646,205
2,735,779
2,663,603
2,759,827
2,921,927
2,921,927
Segment Asset ROA
1.64%
1.62%
1.72%
2.08%
2.03%
1.92%
1.83%
1.83%
Banking and Credit
Segment Profits
48,05941,914
38,1278,356
8,446
10,55469,997
97,353
Segment Assets
2,925,538
2,957,805
2,953,785
2,973,176
2,965,954
3,012,826
2,934,217
2,934,217
Segment Asset ROA
1.15%
0.98%
0.88%
0.77%
0.78%
0.84%
2.27%
2.27%
Aircraft and Ships
Segment Profits
10,6803,317
30,486
7,617
11,177
10,194
15,37844,366
Segment Assets
660,843
760,733
808,943922,281982,390935,859
1,169,641
1,169,641
Segment Asset ROA
1.53%
0.14%
3.30%
3.01%
3.63%
3.91%
3.99%
3.99%
ORIX USA
Segment Profits
43,917
80,11858,608
12,212
9,279
14,095(7,655)27,931
Segment Assets
1,357,887
1,541,539
1,624,884
1,735,494
1,699,808
1,601,935
1,694,484
1,694,484
Segment Asset ROA
2.44%
4.37%
2.92%
2.30%
2.04%
2.32%
1.33%
1.33%
ORIX Europe
Segment Profits
38,82048,54744,486
7,134
12,402
10,886
11,216
41,638Segment Assets
558,495
609,735
612,884
635,846
649,023
649,723
662,139
662,139
Segment Asset ROA
5.57%
6.23%
5.40%
3.39%
4.60%
4.77%
4.85%
4.85%
Asia and Australia
Segment Profits
15,35256,421
43,856
10,918
7,602
11,52317,02647,069Segment Assets
1,159,760
1,399,688
1,484,569
1,611,548
1,668,721
1,653,388
1,709,233
1,709,233
Segment Asset ROA
1.03%
3.31%
2.28%
2.12%
1.76%
1.91%
2.21%
2.21%
Total
Segment Profits
331,497555,851448,510
107,115
116,415
145,061
192,930
561,521
Segment Assets
13,307,279
14,058,463
14,703,812
15,220,026
15,527,089
15,539,171
16,022,129
16,022,129
Adjustment of Segment Profits to Consolidated Statement(43,936)(46,404)(56,332)(17,723)(21,340)(19,521)(32,962)(91,546)
Amounts
Income before Income Taxes
287,561
509,447
392,178
89,392
95,075125,540
159,968
469,975Return on Segment Assets (ROA)
1.46%
2.32%
2.02%
1.68%
1.69%
1.93%
2.25%
2.25%
※ Segment Asset ROA is calculated using accumulated Segment Profits (after tax).
Since fiscal 2022, the tax rate used to calculate Segment Asset ROA has been changed based on the company belonging to each segment.
As a result, Segment Asset ROA for the previous fiscal year has been retrospectively reclassified.
※ Return on Segment Assets (ROA) is calculated using accumulated Net Income Attributable to ORIX Corporation Shareholders.
※ Since fiscal 2022, the method of allocating interest expense and selling, general and administrative expenses, etc., to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
※ Since fiscal 2022, a portion of the leasing business in the Environment and Energy segment was transferred to the Corporate Financial Services and Maintenance Leasing segment.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
※ Since fiscal 2023, the method of allocating interest expense and selling, general and administrative expenses, etc., to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
※ Since 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 fiscal 2024
and applied retrospectively since fiscal 2022.
※ Since 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 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 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.

-1-(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(17,105)
120,169
2.15%

(Unaudited)

Segment Asset Details (1)2021.3(Millions of yen)
Corporate Financial

Assets by Segment

Services andMaintenanceReal Estate

PE Investment Environment
and Concession and Energy

Insurance

Banking andCreditAircraft and
Ships

ORIX USA

ORIX Europe－
17,31528,9091,906,017
－
－
－
2,131
－
5,149
566,075
2,525,596－
2,403,116－
274,744－－－996－
11,771
234,9112,925,538

2,994
42,719262,482－－－578
281,507－
11,48259,081
660,843458
623,830
5,317
290,292
72,094603
378
91,197－
136,962
136,756
1,357,887－－－
38,904
－
－
－
8,406
－
322,236
188,949
558,495

Asia andAustralia

Total

338,603
271,038
235,182
19,427
1,284
377
3,064
208,790－
6,457
75,538
1,159,760

1,029,311
3,705,628
1,397,950
2,575,325
547,571
142,032
104,732
936,053
30,784873,453
1,964,440
13,307,279

Leasing

Net Investment in Leases *1
Installment Loans *2
Investment in Operating Leases *1
Investment in Securities *2
Property under Facility Operations and Servicing Assets *1
Inventories
Advances for Finance Lease and Operating Lease
Equity method investments *2
Advances for Property under Facility Operations
Goodwill, Intangible Assets Acquired in Business Combinations
Other assets *3
Total

610,366
333,848548,677
29,57318,726630
500
15,863－
117,880
264,935
1,940,998

66,371－
291,877
8,543
149,479
94,42998,82099,105
4,089
59,382
131,244
1,003,339

1,541
13,762
23,455
7,011
43,97245,597－47,566
6,732
189,062
209,290587,988

8,978
－
2,051
814
262,016
396
1,392
180,492
19,963
13,072
97,661
586,835

2022.3(Millions of yen)
Corporate Financial

Assets by Segment

Services andMaintenanceReal Estate

PE Investment Environment
and Concession and Energy

Insurance

Banking andCreditAircraft and
Ships

ORIX USA

ORIX Europe－
17,98328,2962,010,362－－－
10,772－
4,732
583,084
2,655,229－
2,397,599－
275,672
－
－
－
2,114
－
11,771
270,649
2,957,805－
95,107
271,910－－113－
306,646－
10,322
76,635
760,733475
722,440
4,653
320,006
79,000685
945
89,220－148,674
175,441
1,541,539－－－
75,171
－
－
－
9,820
－
316,878
207,866
609,735

Asia andAustralia

Total

405,043
321,994286,21432,135
1,084
483
3,919
248,388－
6,829
93,5991,399,688

1,057,776
3,899,480
1,452,731
2,758,983
624,356
139,452
118,979
1,033,390
65,700850,693
2,056,923
14,058,463

Leasing

Net Investment in Leases
Installment Loans *2
Investment in Operating Leases
Investment in Securities *2
Property under Facility Operations and Servicing Assets
Inventories
Advances for Finance Lease and Operating Lease
Equity method investments *2
Advances for Property under Facility Operations
Goodwill, Intangible Assets Acquired in Business Combinations
Other assets *3
Total

580,161
328,433
517,233
34,171
17,199594
1,800
14,794－
22,410241,309
1,758,104

62,498－300,460
4,289
155,750
97,667112,309113,178
6,857
57,093
107,206
1,017,307

1,689
13,542
43,686
6,216
40,72539,554－35,8691,323
170,977
191,643545,224

7,910
2,382
279
961
330,598356
6
202,589
57,520101,007
109,491
813,0992023.3(Millions of yen)
Corporate Financial

Assets by Segment

Services andMaintenanceReal Estate

PE Investment Environment
and Concession and Energy

Insurance

Banking andCreditAircraft and
Ships

ORIX USA

ORIX Europe－
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 *2
Investment in Operating Leases
Investment in Securities *2
Property under Facility Operations and Servicing Assets
Inventories
Advances for Finance Lease and Operating Lease
Equity method investments *2
Advances for Property under Facility Operations
Goodwill, Intangible Assets Acquired in Business Combinations
Other assets *3
Total

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

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
115,912889,529-2-

(Unaudited)

Segment Asset Details (2)2024.3(Millions of yen)
Corporate Financial

Assets by Segment

Services andMaintenanceReal Estate

PE Investment Environment
and Concession and Energy

Insurance

Banking andCreditAircraft and
Ships

ORIX USA

ORIX Europe－
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 *3
Total

567,735
346,840
535,655
36,683
17,404928
3,400
14,984－
28,693
224,998
1,777,320

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
976,4342024.6(Millions of yen)
Corporate Financial

Assets by Segment

Services andReal Estate

PE Investment Environment
and Concession and Energy

Insurance

Banking andCreditAircraft and
Ships

ORIX USA

ORIX Europe

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
699,812Investment 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
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
66,470
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－
Other assets
235,151
103,137
250,387
140,399578,285
213,277
120,292
193,569
Total
1,778,938
1,098,352
967,177
1,015,383
2,884,353
2,876,149
1,304,929
1,767,645*1 Since fiscal 2022, a portion of the leasing business in the Environment and Energy segment was transferred to the Corporate Financial Services and Maintenance Leasing segment.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since 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 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.

－－－
92,172－－－
12,940－381,708
216,074
702,894

Maintenance

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-3-

(Unaudited)

Corporate Financial Services and Maintenance Leasing (1)(Millions of yen)2020.4-2021.3
2021.4-2022.3
2022.4-2023.3
2023.4-6
2023.7-92023.10-122024.1-3
Segment Income Statement Data
Finance revenues *2 *5
59,09757,64260,133
16,437
14,961
15,184
14,846
Gains on investment securities and dividends *5
1,621
4,345
(519)
1,319
848
641
(182)
Operating leases
247,190
254,956
258,385
64,86067,262
67,20967,540
Sales of goods and real estate
10,348
9,741
5,356
1,200
935
632
1,167
Services income
112,865
118,644
106,542
25,83026,591
27,87929,800Total Segment Revenues :431,121445,328
429,897
109,646
110,597
111,545
113,171
Interest expense *1 *2 *3 *6
4,629
4,193
4,661
1,334
1,365
1,360
1,359
Costs of operating leases
199,774
191,291
186,989
46,99548,433
48,21849,204
Costs of goods and real estate sold
6,832
6,516
3,988
964
717
610
943
Services expense
56,447
58,148
58,103
14,35314,00815,49815,037
Other (income) and expense *2
16,52817,175
17,275
4,113
4,213
4,256
2,314
Selling, general and administrative expenses *1 *3
86,30887,75383,811
22,32921,60922,13422,549Provision for credit losses, and write-downs of long-lived assets and
1,405
2,388
1,107
29
359
(23)
595
securities
Total Segment Expenses :371,923
367,464
355,934
90,11790,704
92,05392,001Equity in Net income (Loss) of equity method investments and others
3,629
165,176
2,776
896
1,055
(201)
1,410
*4 *5
Segment Profits
62,827243,040
76,73920,42520,94819,291
22,580*1 Since fiscal 2022, the method of allocating interest expense and selling, general and administrative expenses to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since fiscal 2022, a portion of the leasing business in the Environment and Energy segment was transferred to the Corporate Financial Services and Maintenance Leasing segment.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3 Since fiscal 2023, the method of allocating interest expense and selling, general and administrative expenses to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*4 Since 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.
*5 Since 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 Since 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.

2023.4-2024.3

Segment Profits
Corporate Financial Services
Yayoi
Auto
RentecTotal Segment Profits

2023.4-2024.3

2024.4-6

61,4282,626
266,871
3,934
110,100
444,959
5,418
192,850
3,234
58,896
14,896
88,621

15,2191,277
68,382881
26,698112,457
1,572
48,810725
14,733
4,294
22,790960

176

364,875

93,1003,160

44083,244

19,797(Millions of yen)2020.4-2021.3

2021.4-2022.3

2022.4-2023.3

19,462
6,052
26,512
10,801
62,82721,312
168,274
38,608
14,846
243,040

20,256－42,404
14,07976,739-4-2023.4-6

6,567－
11,414
2,444
20,4252023.7-9

5,554－
12,916
2,478
20,9482023.10-12

4,531－
11,437
3,323
19,2912024.1-3

5,844－
10,484
6,252
22,58022,496－
46,251
14,497
83,2442024.4-6

4,368－
12,702
2,727
19,797

(Unaudited)

Corporate Financial Services and Maintenance Leasing (2)(Millions of yen)Segment Assets
Net Investment in Leases *1

2021.32022.3

610,366

2023.3580,1612023.6566,0102023.9563,1272023.12578,2552024.3

573,2982024.6

567,735

563,901

Installment Loans *2

333,848

328,433

338,361

332,244

322,809305,982

346,840

347,392

Investment in Operating Leases

548,677

517,233

511,184

514,668

522,936

527,545535,655

537,315

Investment in Securities *2

29,57334,171

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

Property under Facility Operations

17,48518,726

17,19918,908

17,77917,716

17,613

17,404Inventories

630

594

1,104

1,190

1,247

1,319

928

1,066

Advances for Finance Lease and Operating Lease

500

1,800

1,566

1,540

1,179

2,052

3,400

3,347

Equity method investments *2

15,863

14,794

13,416

13,784

14,201

14,06014,984

14,740Goodwill, Intangible Assets Acquired in Business Combinations

117,880

22,41029,251

28,99329,133

28,913

28,69328,497

Other assets *3
Total Segment Assets

264,935

241,309249,897

253,592

243,808

247,534

224,998

235,151

1,940,998

1,758,104

1,763,967

1,761,695

1,767,202

1,753,213

1,777,320

1,778,938*1 Since fiscal 2022, a portion of the leasing business in the Environment and Energy segment was transferred to the Corporate Financial Services and Maintenance Leasing segment.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since 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 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

2021.32022.32023.3
791,7842023.9780,0572023.12776,4202024.3

813,453

Yayoi

112,474

5,061

－

－

－

－

－

－

Auto

840,505

811,309795,474

801,021804,332

804,945794,625

800,481

Rentec174,566

157,413

176,709

180,617

186,450

191,516

199,261

204,297

1,940,998

1,758,104

1,763,967

1,761,695

1,767,202

1,753,213

1,777,320

1,778,938(Thousand Autos)
Automobile Operations
Number of Automobiles Under Management in Japan

2021.3
1,416

2022.32023.3

1,409

1,430

-5-

2023.91,4302024.3
1,429

756,7522024.6

Corporate Financial Services

Total Segment Assets

784,3212023.6

783,434

774,160

(Unaudited)

Real Estate (1)(Millions of yen)2020.4-2021.3
2021.4-2022.3
2022.4-2023.3
2023.4-6
2023.7-92023.10-122024.1-3
Segment Income Statement Data
Finance revenues *4
6,206
5,602
5,562
1,636
1,372
1,639
1,487
Gains on investment securities and dividends
417
4,111
(243)
393
86
(4)
382
Operating leases
46,02248,09155,544
8,583
15,706
10,13815,778
Sales of goods and real estate
91,348
97,13896,03032,76919,745
18,47140,028Services income
215,805
235,746
261,843
63,00076,00387,82876,652
Total Segment Revenues :359,798
390,688418,736
106,381
112,912118,072
134,327
Interest expense *1 *2 *5
1,831
2,096
2,413
686
741
790
799
Costs of operating leases
24,92925,00624,895
6,321
6,216
6,100
6,335
Costs of goods and real estate sold76,071
79,61280,58623,257
17,497
15,99534,182Services expense *1 *2
202,269
218,985
230,136
55,52962,86863,98365,815
Other (income) and expense(2,170)(1,150)
(627)
270
(571)
492
531
Selling, general and administrative expenses *1 *2
35,98034,67736,643
10,23910,372
9,990
10,941
Provision for credit losses, and write-downs of long-lived assets and
1,994
262
1,785
74
360
18
833
securities
Total Segment Expenses :340,904
359,488375,831
96,376
97,48397,368
119,436
Equity in Net income (Loss) of equity method investments and others
6,102
1,598
9,627
271
1,805
4,090
(140)
*3 *4
Segment Profits
24,99632,79852,532
10,276
17,234
24,794
14,751*1 Since fiscal 2022, the method of allocating interest expense and selling, general and administrative expenses, etc., to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since fiscal 2023, the method of allocating interest expense and selling, general and administrative expenses, etc., to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3 Since 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.
*4 Since 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.
*5 Since 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.

2023.4-2024.3

Segment Profits
RE Investment and Facilities Operation
DAIKYO
Total Segment Profits

2020.4-2021.3

2021.4-2022.3

2022.4-2023.3

2023.4-2024.3

2,654
22,342
24,996

12,573
20,22532,79829,691
22,84152,532Services income
Revenues from real estate management and contract work
Facilities operation
Other
Total Services income

2020.4-2021.3

2021.4-2022.3

2022.4-2023.3

183,912
24,172
7,721
215,805

195,954
32,2927,500
235,746

196,646
56,107
9,090
261,843

6,134
857
50,205
111,013
303,483
471,692
3,016
24,97290,931
248,195
722
41,5422024.4-6

1,263
143
13,551
33,275
69,111
117,343575
6,087
25,93959,750266
10,853

1,285

(28)

410,663

103,4426,026

53

67,055

13,954(Millions of yen)2023.4-6

3,195
7,081
10,2762023.7-9

12,656
4,578
17,2342023.10-12

20,2904,504
24,7942024.1-3

7,954
6,797
14,75144,09522,96067,0552024.4-6

7,333
6,621
13,954(Millions of yen)2023.4-6

43,527
17,061
2,412
63,0002023.7-9

51,99820,693
3,312
76,0032023.10-12

54,46730,8662,495
87,8282024.1-3

2023.4-2024.3

56,112
17,573
2,967
76,652

206,104
86,193
11,186
303,4832024.4-6

48,26918,822
2,020
69,111(Millions of yen)2020.4-2021.3
2021.4-2022.3
2022.4-2023.3
2023.4-6
2023.7-92023.10-12
Gains on sales
Gains on Rental Property Sales (included in Operating leases)
14,80917,15925,492
1,228
8,423
2,624
Gains on sales of property under operations (included in Services
871
871
876
11,204－－income)Gains on sales (included in Equity in Net Income (Loss) of equity method
2,704
4,050
5,244
313
494
3,594
investments) and others *Total Gains on sales
18,38422,08031,612
1,541
8,917
17,422* Since 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.

-6-2024.1-3

2023.4-2024.3

2024.4-6

8,213

20,488

6,277－

11,204

－

357

4,758

41

8,570

36,4506,318

(Unaudited)

Real Estate (2)(Millions of yen)Segment Assets
Net Investment in Leases

2021.3
66,371

Installment Loans
Investment in Operating Leases
Investment in Securities

2022.32023.362,4982023.6

57,5872023.955,2412023.12

53,1522024.351,6702024.6

51,97850,558

－

－

－

－

－

－

52

47

291,877

300,460

302,698

312,279

306,293299,326

278,191

317,510

8,543

4,289

3,894

4,216

4,251

3,746

4,036

1,750

Property under Facility Operations

149,479

155,750

170,425

168,923

172,924

167,180

165,387

163,274

Inventories

94,42997,667

108,789

113,074

169,004

176,838

174,990

171,235

Advances for Finance Lease and Operating Lease

98,820112,309112,973

107,571

105,904

110,358

114,649

80,784Equity method investments

99,105

113,178

117,040

122,399

134,055

134,902

143,751

147,873

Advances for Property under Facility Operations

4,089

6,857

6,625

7,247

4,913

8,177

8,183

9,810

Goodwill, Intangible Assets Acquired in Business Combinations

59,38257,09354,99654,47153,94753,42352,89852,374

Other assets *131,244

107,206

114,153

104,966

101,145

116,339

115,972

103,137

Total Segment Assets
1,003,339
1,017,307
1,049,180
1,050,387* Since 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.

1,105,588

1,121,959

1,110,087

1,098,352(Millions of yen)Segment Assets

2021.32022.32023.32023.62023.92023.122024.32024.6

RE Investment and Facilities Operation

690,744683,715

704,800

712,943

711,436714,255

709,054705,318DAIKYO

312,595

333,592

344,380

337,444394,152

407,704

401,033

393,034

1,003,339

1,017,307

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

2021.32022.32023.32023.92024.3

ORIX Asset Management Corporation *

686.6

689.0

688.4

695.9

696.2

ORIX Real Estate Investment Advisors Corporation

665.5

595.6

851.2

886.0

900.2

1,352.1

1,284.6

1,539.6

1,581.9

1,596.4

End of Period Total AUM* 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

2020.4-2021.3

2021.4-2022.3

2022.4-2023.3

2023.4-92023.4-2024.3

ORIX Asset Management Corporation

3,254

3,230

3,223

1,951

3,909

ORIX Real Estate Investment Advisors Corporation

3,524

3,209

4,926

3,387

6,619

Total Revenues

6,778

6,439

8,149

5,338

10,528-7-

(Unaudited)

PE Investment and Concession (1)(Millions of yen)Segment Income Statement Data

2020.4-2021.3

2021.4-2022.3

2022.4-2023.3

Finance revenues *4

1,020

1,101

1,026

Gains on investment securities and dividends *4

1,688

1,525

348

114

114

598

381

1,207

331

Operating leases

6,462

33,87038,653

9,926

10,031

10,475

11,097

41,52910,343

301,732

320,104

280,361

55,41358,73665,816

69,120249,085

64,185

Sales of goods and real estate
Services income

2023.4-6

2023.7-9315

499

2023.10-122024.1-3

2,959

2,906

2023.4-2024.3

6,679

2024.4-6

2,966

22,03028,97355,934

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

Total Segment Revenues :332,932

385,573376,322

86,44786,829100,125

105,767

379,168

93,946

Interest expense *1 *2 *5

1,416

2,244

2,054

843

847

860

428

2,978

817

3,099

23,64324,900

6,666

6,686

6,583

6,309

26,244

6,544

Costs of goods and real estate soldCosts of operating leases

259,740

289,522240,942

39,261

40,11844,15944,866

168,404

44,658Services expense

15,947

19,15040,90014,614

12,052

14,51017,501

58,677

11,169266(11,844)

2,193

(307)

(298)

(148)

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

Selling, general and administrative expenses *1 *2

Other (income) and expense

35,471

52,74256,44918,43324,06523,261

24,10589,86421,015

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

3,622

12,599

195

13

178

10

165

366

39

319,561

388,056

367,633

79,52383,64889,23591,797344,20384,128(9,677)(8,856)(5,530)(1,152)

972

2,519

6,663

9,002

22,2093,694(11,339)

3,159

5,772

4,153

13,40920,63343,96732,027

Total Segment Expenses :Equity in Net income (Loss) of equity method investments and others*3 *4Segment Profits*1 Since fiscal 2022, the method of allocating interest expense and selling, general and administrative expenses to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since fiscal 2023, the method of allocating interest expense and selling, general and administrative expenses to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3 Since 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.
*4 Since 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.
*5 Since 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

2020.4-2021.3

PE Investment

12,113(75)

10,704

6,212

2,988

11,23318,06338,496

29,119Concession(8,419)(11,264)(7,545)

(440)

1,165

2,176

2,570

5,471

2,908

Total Segment Profits

3,694(11,339)

3,159

5,772

4,153

13,40920,63343,96732,0272021.4-2022.3

2022.4-2023.3-8-2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3

2024.4-6

(Unaudited)

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

2021.32022.3

1,541

2023.3

1,689

2023.6

1,616

2023.92023.122024.32024.6

1,624

1,483

1,522

1,238

1,186

Installment Loans *1

13,762

13,542

14,225

14,405

111,756

114,115

115,629

117,472

Investment in Operating Leases

23,45543,68652,976

54,68554,73855,48456,28657,483

Investment in Securities *1

7,011

6,216

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

Property under Facility Operations

43,972

40,72551,97851,33650,00043,55141,41632,820Inventories

45,59739,554

48,71648,921

47,98548,55547,55339,147

－

－

4

6

17

13

5

9

Equity method investments *1

47,56635,86928,79627,523

128,472

126,543

118,310122,029

Advances for Property under Facility Operations

6,732

1,323

2,354

2,600

2,749

3,739

4,466

71

Advances for Finance Lease and Operating Lease

Goodwill, Intangible Assets Acquired in Business Combinations

189,062

170,977

368,748376,222375,644

370,839351,202339,591

Other assets *2

209,290

191,643

264,395

270,062

247,614

263,327

293,813250,387

Total Segment Assets

587,988545,224

869,866

883,463

1,056,371

1,064,156

1,066,647

967,177*1 Since 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 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
PE Investment

2021.3537,3822022.32023.3506,653

838,2402023.6852,6432023.9
1,024,708

2023.121,030,4582024.3
1,031,834

2024.6929,488

Concession

50,606

38,571

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

587,988545,224

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

2020.4-2021.3

2021.4-2022.3

2022.4-2023.3

Finance revenues *2 *5

1,315

1,001

1,230

Gains on investment securities and dividends

(128)

(1)

22

Operating leases

608

68

78

3,816

3,861

4,200

805

Sales of goods and real estate
Services income
Total Segment Revenues :Interest expense *1 *2 *3 *6
Costs of operating leases
Costs of goods and real estate sold
Services expense *2

2023.4-6

2023.7-93652023.10-122024.1-3

2023.4-2024.3

2024.4-6

355

383

375

1,478

294

(8)

－

1,187

605

1,784

(10)

20

20

19

20

79

20

853

1,129

984

3,771

701

136,360

155,303210,240

35,934

43,62839,45339,471

158,486

37,593141,971

160,232

215,770

37,11644,85642,171

41,455

165,598

38,598

7,819

3,730

8,063

2,086

2,960

2,726

3,321

11,093

3,113

462

15

19

5

4

5

4

18

5

2,383

2,422

2,627

457

548

612

619

2,236

389

106,577

123,981

167,733

23,43930,46928,52327,675

110,106

27,155

Other (income) and expense *2(2,237)

(919)

(194)

217

746

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

175

Selling, general and administrative expenses *1 *3

12,055

12,814

16,276

4,495

4,541

4,670

4,964

18,6705,205

567

19,564

50

(1)

26

23

103

151

22

127,626

161,607

194,574

30,69839,29435,031

32,618

137,641

36,064

13,697

4,007

15,977(1,436)

1,584

6,619

3,348

10,115(3,016)28,042

2,632

37,173

4,982

7,146

13,75912,18538,072(482)

Provision for credit losses, and write-downs of long-lived assets andsecurities
Total Segment Expenses :Equity in Net income (Loss) of equity method investments and others*4 *5
Segment Profits*1 Since fiscal 2022, the method of allocating interest expense and selling, general and administrative expenses to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since fiscal 2022, a portion of the leasing business in the Environment and Energy segment was transferred to the Corporate Financial Services and Maintenance Leasing segment.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3 Since fiscal 2023, the method of allocating interest expense and selling, general and administrative expenses to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*4 Since 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.
*5 Since 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 Since 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
Net Investment in Leases *1
Installment Loans *2

2021.32022.32023.32023.62023.92023.122024.32024.6

8,978

7,910

6,723

6,434

6,468

6,208

3,104

2,835

－

2,382

2,138

2,216

2,478

2,502

2,255

2,407

2,051

279

264

259

257

253

250

245

814

961

1,580

1,738

1,791

542

571

590

262,016

330,598

362,043

370,847

376,782

415,812453,252

466,742

396

356

9,825

6,290

3,946

3,880

2,463

4,154

1,392

6

1

1

1

1

－

－

Equity method investments *2

180,492

202,589

188,436

190,179

205,494

215,875

219,018

229,649

Advances for Property under Facility Operations

19,96357,52088,493

95,143112,001

77,86344,962

44,179Investment in Operating Leases
Investment in Securities
Property under Facility Operations
Inventories
Advances for Finance Lease and Operating Lease

Goodwill, Intangible Assets Acquired in Business Combinations

13,072

101,007

114,114

116,525

124,044

123,063

121,174

124,183

Other assets *3

97,661

109,491

115,912

120,725

135,167

140,286

129,385

140,399

Total Segment Assets

586,835

813,099

889,529910,357

968,429986,285

976,434

1,015,383*1 Since fiscal 2022, a portion of the leasing business in the Environment and Energy segment was transferred to the Corporate Financial Services and Maintenance Leasing segment.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since 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 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 :2020.4-2021.3

2021.4-2022.3

2022.4-2023.3

2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3

242

265

300

74

70

68

88

300

2024.4-6

84

489,984

484,376496,561

153,044

133,982

108,809

165,698

561,533

144,946

1,668

2,063

2,626

663

753

412

208

2,036

(1)

491,894

486,704

499,487

153,781

134,805

109,289

165,994563,869

145,029

Interest expense *2 *4

5

9

11

－

－

1

13

14

28

Life insurance costs *3

374,394364,355

375,326

119,718

102,31478,724133,071433,827

109,328

184

288

(3)

(2)

(1)

2

99

98

(33)

62,20363,73160,815

14,641

14,464

14,213

15,99159,30913,761

7

－

(1)

－

－

(2)

－

(2)

1

436,793428,383

436,148

134,357

116,777

92,938149,174

493,246

123,085

Other (income) and expense
Selling, general and administrative expenses *1 *2
Provision for credit losses, and write-downs of long-lived assets andsecurities
Total Segment Expenses :Equity in Net income (Loss) of equity method investments and others
Segment Profits
of which Hartford

9

82

5

(1)

－

205

(1)

203

－

55,11058,403

63,344

19,42318,02816,556

16,81970,826

21,944

7,826

756(1,174)

649

225

97

1,051

2,022

731

*1 Since fiscal 2022, the method of allocating selling, general and administrative expenses to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since fiscal 2023, the method of allocating interest expense and selling, general and administrative expenses to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3 Accounting Standards Update 2018-12 (“Targeted Improvements to the Accounting for Long-Duration Contracts”—ASC 944 (“Financial Services—Insurance”)) has been adopted since fiscal 2024
and applied retrospectively since fiscal 2022.
*4 Since 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
Installment Loans
Investment in Operating Leases
Investment in Securities *1
Equity method investments *1
Goodwill, Intangible Assets Acquired in Business Combinations
Other assets *2
Total Segment Assets

2021.32022.3

17,3152023.3

17,9832023.618,1092023.918,4972023.12

14,6342024.3

14,9102024.6

11,792

11,95428,90928,296

27,46727,44427,314

27,14826,876

26,865

1,906,017

2,010,362

1,982,573

2,151,675

2,036,711

2,134,995

2,236,495

2,231,121

2,131

10,772

17,577

19,961

22,40324,21829,742

31,676

5,149

4,732

4,686

4,675

4,663

4,452

4,452

4,452

566,075

583,084595,793

513,527

557,878

554,104

612,570

578,285

2,525,596

2,655,229

2,646,205

2,735,779

2,663,603

2,759,827

2,921,927

2,884,353*1 Since 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 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)

2021.32022.32023.32023.62023.92023.122024.32024.6

4,792

4,882

4,895

4,877

4,858

4,840

4,820

4,795

483

331

277

52

99

149

200

44

- 13 -

(Unaudited)

Banking and Credit (1)(Millions of yen)Segment Income Statement Data
Finance revenues *3
Gains on investment securities and dividends *3
Services income
Total Segment Revenues :2020.4-2021.3

2021.4-2022.3

2022.4-2023.3

78,07476,191

78,0662023.4-6

2023.7-9

19,4822023.10-12

20,1482024.1-3

20,1842023.4-2024.3

20,83980,6532024.4-6

14,129

488

101

(351)

214

(27)

212

201

600

131

4,978

6,427

7,059

1,502

1,609

1,940

2,270

7,321

638

83,54082,71984,774

21,19821,73022,33623,31088,574

14,898Interest expense *2 *4

4,833

4,843

5,181

1,265

1,343

1,249

1,445

5,302

1,310

Services expense

5,791

6,726

7,229

1,853

1,583

469

2,349

6,254

2,385

(37)

(168)

(318)

(172)

(104)

64

(94)

(306)

(86)

24,57329,11233,351

7,763

8,278

7,888

8,957

32,886

5,355

508

2,395

716

2,078

2,038

2,108

(2,160)

4,064

119

35,66842,90846,15912,787

13,138

11,778

10,497

48,200

9,083

187

2,103

(488)

(55)

(146)

(4)

57,18456,979583

48,05941,914

38,127

8,356

8,446

10,55469,997

97,353

6,398

Other (income) and expense
Selling, general and administrative expenses *1 *2
Provision for credit losses, and write-downs of long-lived assets andsecurities
Total Segment Expenses :Equity in Net income (Loss) of equity method investments and others*3
Segment Profits*1 Since fiscal 2022, the method of allocating selling, general and administrative expenses to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since fiscal 2023, the method of allocating interest expense and selling, general and administrative expenses to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3 Since 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.
*4 Since 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

2021.32022.32023.32023.62023.92023.122024.32024.6

2,403,116

2,397,599

2,395,340

2,409,764

2,396,822

2,438,262

2,378,183

2,306,184
312,328

274,744

275,672

289,621288,623

295,153

298,562311,237

Inventories

－

－

9

9

10

9

－

－

Equity method investments *1

996

2,114

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

11,771

11,771－－Other assets *2

234,911

270,649

255,038

260,886

260,152

262,297

201,196

213,277

2,925,538

2,957,805

2,953,785

2,973,176

2,965,954

3,012,826

2,934,217

2,876,149

Total Segment Assets*1 Since 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 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

2020.4-2021.3

2021.4-2022.3

2022.4-2023.3

1,954

3,382

7,312

1,971

2,080

1,930

1,788

7,769

1,807

－

－

(1,350)

(47)

279

(256)

(106)

(130)

8

27,10528,62037,208

9,341

12,526

11,01615,191

48,074

14,695

－

－

624

35

62

－

－

97

59

3,340

7,439

10,871

1,487

1,512

2,891

3,491

9,381

2,383

Total Segment Revenues :32,39939,441

54,665

12,787

16,45915,581

20,36465,191

18,952

Interest expense *1 *2 *4

7,347

5,764

6,974

2,041

3,048

3,301

3,206

11,596

3,345

Costs of operating leases

6,180

Finance revenues *3
Gains on investment securities and dividends *3
Operating leases
Sales of goods and real estate
Services income

2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3

2024.4-6

14,18817,965

16,898

3,918

6,360

4,587

3,988

18,853

Costs of goods and real estate sold

－

－

647

36

61

(1)

－

96

59

Services expense

655

865

2,103

133

373

335

942

1,783

480

372

(4,932)(4,024)(610)(2,363)

(485)

(142)

(3,600)(102)

Selling, general and administrative expenses *1 *2

Other (income) and expense

6,883

7,325

10,369

2,506

2,430

2,842

2,567

10,345

2,516

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

(159)

2,331

1

－

－

－

3

3

－

29,28629,31832,968

8,024

9,909

10,57910,56439,076

12,4787,567(6,806)

8,789

2,854

4,627

5,192

5,578

18,251

5,290

10,6803,317

30,486

7,617

11,177

10,194

15,37844,366

11,764

6,122(6,835)

8,183

2,066

4,192

5,143

5,143

16,544

4,431

Total Segment Expenses :Equity in Net income (Loss) of equity method investments and others*3
Segment Profits
of which Avolon*1 Since fiscal 2022, the method of allocating interest expense and selling, general and administrative expenses to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since fiscal 2023, the method of allocating interest expense and selling, general and administrative expenses to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3 Since 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.
*4 Since 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

2021.32022.32023.32023.62023.92023.122024.32024.6Net Investment in Leases

2,994

－

－

－

(1)

(1)

－

－

Installment Loans *1

42,71995,10775,91475,64472,052

61,69560,46855,491

Investment in Operating Leases

262,482

271,910295,858

372,439

419,706

409,108

557,867

652,979

Investment in Securities *1

－

－

5,112

5,535

6,062

5,627

11,96012,418Inventories

－

113

37

25

－

－

733

862

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

578

－

－

－

－

－

9,232

11,982

281,507306,646

347,508

375,032

390,432

373,344

399,061

428,566

Goodwill, Intangible Assets Acquired in Business Combinations

11,482

10,322

18,461

19,11018,896

16,301

19,114

22,339Other assets *2

59,081

76,63566,05374,49675,24369,785111,206

120,292

Total Segment Assets

660,843

760,733

808,943922,281982,390935,859

1,169,641

1,304,929*1 Since 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 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

2020.4-2021.3

2021.4-2022.3

2022.4-2023.3

2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3

2024.4-6

Finance revenues *3

87,672

91,021

106,875

28,71528,947

27,87327,010112,545

27,504

Gains on investment securities and dividends *3

21,301

29,742

29,209

2,596

1,995

3,644

(1,789)

6,446

153

824

800

426

94

605

284

242

1,225

139

Operating leases
Sales of goods and real estate

2,965

2,335

2,034

34

197

211

160

602

172

Services income

22,546

29,69947,345

11,523

13,031

14,47013,58452,608

11,619Total Segment Revenues :

135,308

153,597

185,889

42,962

44,77546,482

39,207

173,426

39,587

Interest expense *1 *2 *4

15,973

12,257

34,056

12,131

12,232

11,657

11,446

47,466

11,684

Costs of operating leases

469

248

216

47

57

258

185

547

273

Costs of goods and real estate sold

2,118

1,471

1,161

47

92

90

81

310

92

Services expense

2,765

4,149

4,871

626

909

950

1,846

4,331

541

Other (income) and expense(1,091)

270

2,447

(711)

(689)

405

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

Selling, general and administrative expenses *2

68,08579,40485,515

20,624

20,95721,50522,39785,483

23,471

Provision for credit losses, and write-downs of long-lived assets andsecurities *3

13,470

1,360

4,741

(316)

1,321

1,668

5,264

7,937

306

101,789

99,159133,00732,44834,87936,53340,136

143,996

35,478

10,39825,680

5,726

1,698

(617)

4,146

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

43,917

80,11858,608

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*3
Segment Profits*1 Since fiscal 2022, the method of allocating interest expense to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since fiscal 2023, the method of allocating interest expense and selling, general and administrative expenses to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3 Since 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.
*4 Since 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

2021.3Net Investment in Leases
Installment Loans *1
Investment in Operating Leases

2022.32023.32023.62023.92023.122024.32024.6

458

475

483

514

520

483

505

525

623,830

722,440

747,783

787,496

710,464

649,824

699,384

699,812

5,317

4,653

3,612

3,797

3,897

10,751

9,858

10,657

Investment in Securities *1

290,292

320,006

384,082423,782452,946455,331509,172

524,939

Property under Facility Operations and Servicing Assets

72,09479,00081,291

83,832

86,04680,77379,747

83,972Inventories

603

685

142

181

157

128

159

206

Advances for Finance Lease and Operating Lease

378

945

－

－

－

－

－

－

Equity method investments *1

91,19789,22087,513

95,901

96,544

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

136,962

148,674

157,811

170,828

175,702

166,099

176,785

187,495

Other assets *2

136,756

175,441

162,167

169,163

173,532

149,918

157,459

193,569

1,357,887

1,541,539

1,624,884

1,735,494

1,699,808

1,601,935

1,694,484

1,767,645

Total Segment Assets*1 Since 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 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

2021.32022.378.1

2023.373.9- 19 -

2023.674.4

2023.974.7

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 *3
Services income

2020.4-2021.3

2021.4-2022.3

2022.4-2023.3

2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3

171

56

812

457

596

687

669

2,409

2024.4-6

801

10,2391,609(1,349)

2,259

(370)

4,610

4,212

10,711

1,164

150,388219,207

207,829

48,99652,33655,00957,690214,03162,137

Total Segment Revenues :160,798

220,872

207,292

51,712

52,56260,306

62,571

227,151

64,102

Interest expense *1 *2 *4

168

140

506

70

71

71

77

289

193

Services expense

39,87753,19948,921

12,573

13,365

13,775

14,511

54,224

16,255

Other (income) and expense

6,836

23,115

609

778

(974)

2,156

706

2,666

2,954

Selling, general and administrative expenses *273,54995,620112,129

30,91630,34233,57335,665130,496

34,239

34

－

－

－

－

217

－

217

－

120,464

172,074

162,165

44,33742,804

49,79250,959187,892

53,641

Provision for credit losses, and write-downs of long-lived assets andsecurities
Total Segment Expenses :Equity in Net income (Loss) of equity method investments and others *3
Segment Profits(1,514)

(251)

(641)

(241)

2,644

372

(396)

2,379

693

38,82048,54744,486

7,134

12,402

10,886

11,216

41,638

11,154*1 Since fiscal 2022, the method of allocating interest expense to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since fiscal 2023, the method of allocating interest expense and selling, general and administrative expenses to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3 Since 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.
*4 Since 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

2021.32022.32023.32023.62023.92023.122024.32024.6

Investment in Securities *1

38,90475,171

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

8,406

9,820

10,213

11,17011,506

11,20911,907

12,940381,708

Goodwill, Intangible Assets Acquired in Business Combinations

322,236

316,878

331,080

356,952

355,656

352,123

364,773

Other assets *2

188,949

207,866

194,943

180,214

195,986

204,828

202,891

216,074

Total Segment Assets

558,495

609,735

612,884

635,846

649,023

649,723

662,139702,894*1 Since 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 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
Net New Money
NNM as % of BoP AUM

2020.4-2021.3

2021.4-2022.3

2022.4-2023.3

2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3

2024.4-6

307.4

327.9

296.1

305.4

301.3

309.8

341.9

341.9

(4.1)

(1.5)

(12.4)

(2.9)

(6.2)

(7.6)

4.0

(12.7)(0.2)(1.8)%(0.5)%(3.8)%(1.0)%(2.1)%(2.6)%

1.3%(4.3)%(0.1)%

348.3

Institutional AUM

148.7

160.7

145.8

151.6

149.1

152.7

169.9

169.9

171.4

Retail AUM

158.7

167.2

150.3

153.8

152.2

157.1

172.0

172.0

176.9

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(Unaudited)

Asia and Australia (1)(Millions of yen)Segment Income Statement Data

2020.4-2021.3

2021.4-2022.3

2022.4-2023.3

Finance revenues *439,931

47,23759,933

16,501

17,707

18,126

18,502

70,836

19,212

Gains on investment securities and dividends *4

7,509

790

1,574

565

(190)

(96)

7,606

7,885

116

Operating leases

68,10482,004

104,614

28,19330,30331,12833,000122,624

33,373

65

577

1,698

143

10

208

64

425

217

12,631

14,635

20,613

5,694

6,153

6,531

5,145

23,523

6,682

Total Segment Revenues :128,240

145,243

188,432

51,09653,98355,89764,317225,293

59,600Interest expense *1 *2 *5

16,69815,74823,088

7,475

8,750

9,370

10,14235,737

10,746

Costs of operating leases

50,954

61,59578,95020,84022,607

23,25523,63490,33624,544

56

566

1,673

136

9

197

58

400

197

8,881

9,672

12,214

3,473

3,892

3,878

3,796

15,0394,138

Sales of goods and real estate
Services income

Costs of goods and real estate sold
Services expense
Other (income) and expense

2023.4-6

2023.7-92023.10-122024.1-3

2023.4-2024.3

2024.4-6

947(1,454)

147

(423)

(624)

(219)

(224)

(1,490)(379)

Selling, general and administrative expenses *1 *2

25,93929,71137,844

9,529

10,471

10,648

10,91041,558

10,974

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

3,514

891

2,601

1,216

1,793

2,018

3,000

8,027

1,950

106,989

116,729

156,517

42,246

46,89849,14751,316

189,60752,170(5,899)27,907

11,941

2,068

517

4,773

4,025

11,383

1,453

15,35256,421

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*3 *4Segment Profits*1 Since fiscal 2022, the method of allocating interest expense and selling, general and administrative expenses to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since fiscal 2023, the method of allocating interest expense and selling, general and administrative expenses to segments has been changed.
As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3 Since 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.
*4 Since 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.
*5 Since 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.

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(Unaudited)

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

2021.32022.32023.32023.62023.92023.122024.32024.6Net Investment in Leases

338,603

405,043454,961

500,405

525,836524,399

530,426

568,904

Installment Loans *1

271,038

321,994

312,809337,217345,458

333,504

343,936

352,699

Investment in Operating Leases

235,182

286,214

329,549

363,945379,756

386,163395,573

420,833

Investment in Securities *1

19,42732,13536,44438,36738,64836,81433,52035,564

Property under Facility Operations

1,284

1,084

1,184

1,462

1,840

1,752

1,849

1,940

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

377

483

202

109

278

260

224

306

3,064

3,919

3,720

5,621

4,505

4,613

3,017

3,512
287,156

208,790

248,388249,481

261,050

266,303

264,029

271,682

Goodwill, Intangible Assets Acquired in Business Combinations

6,457

6,829

6,746

7,212

7,289

6,990

7,313

7,749

Other assets *2

75,53893,59989,47396,16098,80894,864

121,693

124,224

1,159,760

1,399,688

1,484,569

1,611,548

1,668,721

1,653,388

1,709,233

1,802,887

Total Segment Assets*1 Since 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 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.

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