Notice of Transfer of Consolidated Subsidiary (Partial Transfer of Shares) and Joint Venture
TOKYO, Japan – March 6, 2024 – ORIX Corporation (”ORIX”) announced today that it has decided to enter intoa share transfer agreement with NTT DOCOMO, INC. (”NTT DOCOMO”) and to transfer a part of its shares in
ORIX Credit Corporation (”ORIX Credit”), a consolidated subsidiary of ORIX, to NTT DOCOMO, and to make
ORIX Credit a joint venture in accordance with the shareholder agreement.
1. Purpose of joint venture through partial transfer of shares
As a comprehensive consumer finance company within ORIX Group, ORIX Credit is engaged in the consumer
finance, credit guarantee, and mortgage banking businesses.
In the consumer finance business, ORIX Credit launched the “VIP Loan Card” as a low-interest, high limit
product in 1987. This was pioneering among premium card loans. More recently, it has evolved into the “ORIXMONEY” smartphone-based personal loan product, meeting current needs for digitalization and cashlesstransactions.
In the credit guarantee business, ORIX Credit utilizes the expertise developed in its consumer finance businessto guarantee unsecured loans, which are mainly provided by other financial institutions. Currently, ORIX
Credit has partnerships with over 250 financial institutions throughout Japan.
In the mortgage banking business, ORIX Credit offers popular products that meet diverse financing needs
related to housing (primarily Flat 35 fixed-interest rate housing loans).
NTT DOCOMO has a 36.1%*1 share of mobile communication subscribers in Japan, a direct customer contact
channel through its approximately 2,160*2 “docomo Shop” stores, and a membership base of 98.76 million*3
using the “d POINT CLUB” marketing platform.
In July 2022, NTT DOCOMO launched “d Sumaho Loan ” *4, a loan service for individuals that offers preferential
interest rate discounts of up to 3.0% per annum, depending on the customer’s contracted usage of NTT
DOCOMO services such as “d Card” *4 and NTT DOCOMO line subscriptions. The cumulative amount of loans
disbursed exceeded 37 billion yen in February 2024.
The market for retail financial services is changing on a daily basis, as funding needs diversify due to changes
in the social structure, including an aging society with a declining birthrate, and as new entrants from otherindustries with strength in IT and digital applications join the market. With this joint venture, ORIX and NTT
DOCOMO will leverage ORIX Credit’s operational and screening expertise in retail finance, as well as NTT
DOCOMO’s customer and membership bases and the data associated with them, as they aim to both expand
financing-related businesses in “smart living” areas as well as develop and provide new financial services,
housing loans, and other products.

*1 As of December 31, 2022. From “Trends in the Telecommunications Market” (April 25, 2023), Ministry of Internal Affairs andCommunications.
*2 As of April 30, 2023, based on NTT DOCOMO’s publicly available data.
*3 As of December 31, 2023, based on NTT DOCOMO's publicly available data.
*4 “d Card” and “d Sumaho Loan ” are registered trademarks of NTT DOCOMO in Japan.

2. Summary of Partial Transfer of Shares(1)
MethodTransfer of (issued) shares owned by ORIX
Before the
ORIX 100%transfer
Shareholding ratio(2)
before and after
After theNTT DOCOMO 66％ , ORIX 34％
transfer
3. Outline of consolidated subsidiary to be transferred(1)
Name
ORIX Credit Corporation
Nippon Life Hamamatsucho Crea Tower, 2-3-1, Hamamatsu-cho,(2)Location
Minato-ku, Tokyo
Name and title of(3)Yasushi Okada, President
representative
Description of(4)Retail financial services
business(5)
Paid-in capital
4.8 billion yen
Date of(6)June 1979
establishment
Major shareholders(7)
and shareholding
ORIX (100%)
ratio
CapitalORIX owns 100% of the shares.
relationship
Relationship
Personnel
Corporate auditors, executive officers, andbetween the listed
relationshipemployees are seconded from ORIX.
(8)
company andORIX lends funds to ORIX Credit based on a cash
aforementioned
management system; in the credit guarantee
Businesscompanybusiness, ORIX jointly guarantees a portion of ORIX
relationship
Credit's obligations guaranteed to financial
institutions.
Consolidated subsidiary results and financial position for the past three years(9)(Unit: Mn JPY)
Fiscal year
FY21.3
FY22.3
FY23.3
Net assets
66,75253,64954,180Total assets
182,689
205,639
195,850
Net assets per share
8,500.6 yen
6,832.0 yen
6,899.6 yen
Sales
33,09632,22632,452
Operating profit
10,111
10,8906,880
Recurring profit
10,125
10,9206,920
Net income attributable toparent company
6,642
6,929
5,285
shareholders

Net income per share
Dividend per share
4. Outline of buyer(1)
Name(2)
Location
Name and title of(3)representative
Description of(4)Business(5)
Paid-in capital
Date of(6)establishment(7)
Net assets(8)
Total assets
Major shareholders(9)and shareholding
ratio

(10)

Relationshipbetween the listedcompany and theaforementioned
company

845.8 yen- yen

882.4 yen
2.6 yen673.0 yen
0.6 yenNTT DOCOMO, INC.
Sanno Park Tower, 11-1, Nagata-cho 2-chome, Chiyoda-ku, Tokyo
Motoyuki Ii, President & CEO
Telecommunications business, Smart Life business and otherbusinesses
949,679 million yen (As of March 31, 2023)
August 14, 1991
6,294,359 million yen (As of March 31, 2023)
9,367,638 million yen (As of March 31, 2023)
NIPPON TELEGRAPH AND TELEPHONE CORPORATION (100％)
Capitalrelationship
Personnel
relationship
Businessrelationship
Related party
statusNot applicableNot applicableNot applicable
NTT DOCOMO and its related parties and affiliates
are not related parties of ORIX

5. Number of shares to be transferred and status of shares held before and after transfer(1)

Number of shares
held before thetransfer

7,852,597 shares(Number of voting rights:7,852,597)(Percentage of voting rights:100％)(2)

Number of shares to 5,182,714 shares
be transferred(Number of voting rights:5,182,714)(3)

Number of shares
held after thetransfer

2,669,883 shares(Number of voting rights:2,669,883)(Percentage of voting rights:34.0％)6. Schedule of the transaction
Date of share transfer(1)agreement for theMarch 6, 2024
transaction
Effective date of the(2)March 29, 2024 (planned)
share transfer

Contact Information:
Investor Relations and Sustainability Department
ORIX Corporation
Tel: +81-3-3435-3121
About ORIX Group:
ORIX Group (ORIX Corporation TSE: 8591; NYSE: IX) was established in 1964 and has grown from its roots in leasing in Japan to become
a global, diverse, and unique corporate group. Today, it is active around the world in financing and investment, life insurance, banking,asset management, real estate, concession, environment and energy, automobile-related services, industrial/ICT equipment, ships
and aircraft. Since expanding outside of Japan in 1971, ORIX Group has grown its business globally and now operates in around 30
countries and regions across the world with approximately 35,000 people. ORIX Group unites globally around its Purpose: “FindingPaths. Making Impact.” combining diverse expertise and innovative thinking to help our world develop in a sustainable way.
For more details, please visit our website: https://www.orix.co.jp/grp/en/(As of November 1, 2023)

Caution Concerning Forward Looking Statements:
These documents may contain forward-looking statements about expected future events and financial results that involve risks anduncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause
actual results that differ materially from those described in the forward-looking statements. Factors that could cause such a difference
include, but are not limited to, those described under “Risk Factors” in the Company’s annual report on Form 20-F filed with theUnited States Securities and Exchange Commission and under “(4) Risk Factors” of the “1. Summary of Consolidated Financial Results”
of the “Consolidated Financial Results April 1, 2022 – March 31, 2023” furnished on Form 6-K.