# EDGAR Filing Document

**Accession Number:** 0001070304
**File Stem:** 0001193125-25-174899
**Filing Date:** 2025-8
**Character Count:** 65095
**Document Hash:** a4d54e59adc0aa7779d363a63d09a257
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-174899.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0001193125-25-174899

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250807

**FILED AS OF DATE**: 20250807

**DATE AS OF CHANGE**: 20250807

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ORIX CORP
- **CENTRAL INDEX KEY:** 0001070304
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14856
- **FILM NUMBER:** 251191374

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** WORLD TRADE CENTER BLDG., SOUTH TOWER
- **STREET 2:** 2-4-1 HAMAMATSU-CHO, MINATO-KU
- **CITY:** TOKYO
- **NON US STATE TERRITORY:** TOKYO
- **PROVINCE COUNTRY:** M0
- **ZIP:** 105 0013
- **BUSINESS PHONE:** 81334353000

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** WORLD TRADE CENTER BLDG., SOUTH TOWER
- **STREET 2:** 2-4-1 HAMAMATSU-CHO, MINATO-KU
- **CITY:** TOKYO
- **NON US STATE TERRITORY:** TOKYO
- **PROVINCE COUNTRY:** M0
- **ZIP:** 105 0013

##### [**Table of Contents**](#toc)
**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549** 

**FORM 6-K** 

**REPORT OF FOREIGN PRIVATE ISSUER** 

**PURSUANT TO RULE 13a-16 OR 15d-16 OF** 

**THE SECURITIES EXCHANGE ACT OF 1934** 

**For the month of August 2025** 

**Commission File Number: 001-14856** 

## ORIX Corporation
**(Translation of Registrant's Name into English)** 

**World Trade Center Bldg., SOUTH TOWER, 2-4-1 Hamamatsu-cho, Minato-ku, Tokyo, JAPAN** 

**(Address of Principal Executive Offices)** 

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F ☒ Form 40-F ☐

------

##### [**Table of Contents**](#toc)
**Table of Contents** 

**Material Contained in this Report** 

1. [ORIX's First Quarter Consolidated Financial Results (April 1, 2025 –June 30, 2025) filed with the Tokyo Stock Exchange on Thursday, August 7, 2025.](#fs34281_1)

------

##### [**Table of Contents**](#toc)
**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **ORIX Corporation** | **ORIX Corporation** |
| Date : August 7, 2025 | By | /s/ Yasuaki Mikami |
|  |  | Yasuaki Mikami |
|  |  | Member of the Board of Directors<br> Senior Managing Executive Officer<br> Responsible for Corporate Function Unit<br> Responsible for Work Style Reform Project<br> ORIX Corporation |

---

------

##### [**Table of Contents**](#toc)
**Consolidated Financial Results** 

**April 1, 2025 - June 30, 2025** 

August 7, 2025

*In preparing its consolidated financial information, ORIX Corporation (the "Company") and its subsidiaries have complied with generally accepted accounting principles in the United States of America.* 

*This document may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on the Company's 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 most recent annual report on Form 20-F filed with the U.S. Securities and Exchange Commission.* 

*The Company believes that it may have been a "passive foreign investment company" for U.S. federal income tax purposes in the year to which these consolidated financial results relate by reason of the composition of its assets and the nature of its income. In addition, the Company may be a PFIC for the foreseeable future. Assuming that the Company is a PFIC, a U.S. holder of the shares or American depositary shares of the Company will be subject to special rules generally intended to eliminate any benefits from the deferral of U.S. federal income tax that a holder could derive from investing in a foreign corporation that does not distribute all of its earnings on a current basis. Investors should consult their tax advisors with respect to such rules, which are summarized in the Company's annual report.* 

**For further information please contact:** 

**Investor Relations and Sustainability Department** 

**ORIX Corporation** 

**World Trade Center Bldg., SOUTH TOWER, 2-4-1 Hamamatsu-cho, Minato-Ku, Tokyo, 105-5135** 

**JAPAN** 

**Tel: +81-3-3435-3121 Fax: +81-3-3435-3154** 

**E-mail: orix_corpcomm@orix.jp** 

------

##### [**Table of Contents**](#toc)
**Consolidated Financial Results from April 1, 2025 to June 30, 2025** 

(U.S. GAAP Financial Information for ORIX Corporation and its Subsidiaries)

---

| | |
|:---|:---|
| Corporate Name: | ORIX Corporation |
| Listed Exchanges: | Tokyo Stock Exchange (Securities No. 8591) |
|  | New York Stock Exchange (Trading Symbol : IX) |
| Head Office: | Tokyo JAPAN |
|  | Tel: +81-3-3435-3121 |
|  | (URL https://www.orix.co.jp/grp/en/ir/) |

---

**1. Performance Highlights as of and for the Three Months Ended June 30, 2025** 

**(1) Performance Highlights - Operating Results (Unaudited)** 

**(millions of yen)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Total**<br>**Revenues** | **Year-on-Year**<br>**Change** | **Operating**<br>**Income** | **Year-on-Year**<br>**Change** | **Income<br>before**<br>**Income<br>Taxes** | **Year-on-Year**<br>**Change** | **Net Income**<br>**Attributable to**<br>**ORIX Corporation**<br>**Shareholders** | **Year-on-Year**<br>**Change** |
|  June 30, 2025 | 768641 | 8.5% | 129750 | 50.4% | 155480 | 29.4% | 107288 | 23.7% |
|  June 30, 2024 | 708139 | 4.6% | 86266 | 3.9% | 120169 | 34.4% | 86735 | 37.7% |

---

"Comprehensive Income Attributable to ORIX Corporation Shareholders" was ¥144,448 million for the three months ended June 30, 2025 (year-on-year change was a 30.3% decrease) and ¥207,115 million for the three months ended June 30, 2024 (year-on-year change was a 29.5% increase).

---

| | | |
|:---|:---|:---|
|  | **Basic**<br>**Earnings Per Share** | **Diluted**<br>**Earnings Per Share** |
|  June 30, 2025 | 94.63 | 94.44 |
|  June 30, 2024 | 75.40 | 75.28 |

---

---

| | |
|:---|:---|
| **\*Note 1:** | Unless otherwise stated, all amounts shown herein are in millions of Japanese yen, except for per share and dividend amounts, which are in single yen.  |

---

**(2) Performance Highlights - Financial Position (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total**<br>**Assets** | **Total**<br>**Equity** | **Shareholders'**<br>**Equity** | **Shareholders'**<br>**Equity Ratio** |
|  June 30, 2025 | 17000280 | 4223446 | 4145509 | 24.4% |
|  March 31, 2025 | 16866251 | 4171783 | 4089782 | 24.2% |

---

---

| | |
|:---|:---|
| **\*Note 2:** | "Shareholders' Equity" refers to "Total ORIX Corporation Shareholders' Equity."  |

---

"Shareholders' Equity Ratio" is the ratio of "Total ORIX Corporation Shareholders' Equity" to "Total Assets."

**2. Dividends (Unaudited)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **First**<br>**Quarter-end** | **Second**<br>**Quarter-end** | **Third**<br>**Quarter-end** | **Year-end** | **Total** |
|  March 31, 2025 | – | 62.17 | – | 57.84 | 120.01 |
|  March 31, 2026 | – |  | – |  |  |
|  March 31, 2026 (Est.) | – | 60.00 | – | 60.01 | 120.01 |

---

---

| | |
|:---|:---|
| **\*Note 3:** | Revision from previously announced dividend forecast: No  |

---

---

| | |
|:---|:---|
| **\*Note 4:** | For the fiscal year ending March 31, 2026, the annual dividend is forecasted at the higher of either payout ratio of 39% or ¥120.01 per share. In the above table, the minimum forecasted dividend has been stated. If net income attributable to ORIX Corporation shareholders is ¥380 billion, as stated in the forecast for the year ending March 31, 2026 described below, the annual dividend per share is expected to be ¥132.13.  |

---

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##### [**Table of Contents**](#toc)
**3. Forecast for the Year Ending March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Net Income**<br>**Attributable to**<br>**ORIX Corporation Shareholders** | **Year-on-Year**<br>**Change** |
|  March 31, 2026 | 380000 | 8.1% |

---

---

| | |
|:---|:---|
| **\*Note 5:** | Although forward-looking statements in this document are based on information currently available to ORIX Corporation and are based on assumptions deemed reasonable by ORIX Corporation, actual financial results may differ materially due to various factors. Readers are urged not to place undue reliance on such forward-looking statements.  |

---

Factors causing a result that differs from forward-looking statements include, but are not limited to, those described under "Risk Factors" in our Form 20-F submitted to the U.S. Securities and Exchange Commission.

---

| | |
|:---|:---|
| **\*Note 6:** | Revision from previously announced forecast for the year ending March 31, 2026: No  |

---

**4. Other Information** 

---

| | |
|:---|:---|
| **(1) Significant Changes in Scope of Consolidation** | Yes () No (x) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Addition - None () | Exclusion - None () |
| **(2) Adoption of Simplified Accounting Method** | Yes () No (x) |
| **(3) Changes in Accounting Principles, Procedures and Disclosures** | **(3) Changes in Accounting Principles, Procedures and Disclosures** |
| 1. Changes due to adoptions of new accounting standards | Yes () No (x) |
| 2. Other than those above | Yes () No (x) |

---

**(4) Number of Issued Shares (Ordinary Shares)** 

1. The number of issued shares, including treasury stock, was 1,162,962,244 as of June 30, 2025, and 1,162,962,244 as of March 31, 2025.

2. The number of treasury stock was 30,796,694 as of June 30, 2025, and 23,259,695 as of March 31, 2025.

3. The average number of outstanding shares was 1,133,591,927 for the three months ended June 30, 2025, and 1,150,311,448 for the three months ended June 30, 2024.

The Company's shares held through the Board Incentive Plan Trust (3,413,000 shares as of June 30, 2025 and 3,413,000 shares as of March 31, 2025) are not included in the number of treasury stock as of the end of the periods, but are included in the average number of shares outstanding as treasury stock that are deducted from the basis of the calculation of per share data.

\* These consolidated financial results from April 1, 2025 to June 30, 2025 are not subject to certified public accountant's or audit firm's quarterly review.

------

##### [**Table of Contents**](#toc)
**1. Summary of Consolidated Financial Results** 

**(1) Financial Highlights** 

**Financial Results for the Three Months Ended June 30, 2025** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Three months**<br>**ended**<br>**June 30, 2024** | **Three months**<br>**ended**<br>**June 30, 2025** | **Change** | **Change** |
|  |  | **Three months**<br>**ended**<br>**June 30, 2024** | **Three months**<br>**ended**<br>**June 30, 2025** | **Amount** | **Percent** |
|  Total Revenues | (millions of yen) | 708139 | 768641 | 60502 | 9% |
|  Total Expenses | (millions of yen) | 621873 | 638891 | 17018 | 3% |
|  Income before Income Taxes | (millions of yen) | 120169 | 155480 | 35311 | 29% |
|  Net Income Attributable to ORIX Corporation Shareholders | (millions of yen) | 86735 | 107288 | 20553 | 24% |
|  Earnings Per Share (Basic) | (yen) | 75.40 | 94.63 | 19.23 | 26% |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Diluted) | (yen) | 75.28 | 94.44 | 19.16 | 26% |
|  ROE (Annualized) \*1 | (%) | 8.7 | 10.4 | 1.7 |  |
|  ROA (Annualized) \*2 | (%) | 2.11 | 2.53 | 0.42 |  |

---

\*1 ROE is the ratio of Net Income Attributable to ORIX Corporation Shareholders for the period to average ORIX Corporation Shareholders' Equity.

\*2 ROA is calculated based on Net Income Attributable to ORIX Corporation Shareholders.

**Overview of Business Performance (April 1, 2025 to June 30, 2025)** 

Total revenues for the three months ended June 30, 2025 (hereinafter, "the first consolidated period") increased 9% to ¥768,641 million compared to ¥708,139 million during the same period of the previous fiscal year primarily due to increases in gains on investment securities and dividends, sales of goods and real estate and services income, partially offset by decreases in life insurance premiums and related investment income.

Total expenses increased 3% to ¥638,891 million compared to ¥621,873 million during the same period of the previous fiscal year primarily due to increases in costs of goods and real estate sold and services expense, partially offset by decreases in life insurance costs.

Equity in net income of equity method investments increased 150% to ¥19,422 million compared to the same period of the previous fiscal year, and gains on sales of subsidiaries and equity method investments and liquidation losses, net decreased 76% to ¥6,308 million compared to the same period of the previous fiscal year.

Due to the above results, income before income taxes for the first consolidated period increased 29% to ¥155,480 million compared to ¥120,169 million during the same period of the previous fiscal year and net income attributable to ORIX Corporation shareholders increased 24% to ¥107,288 million compared to ¥86,735 million during the same period of the previous fiscal year.

------

##### [**Table of Contents**](#toc)
**Segment Information** 

Total segment profits for the first consolidated period increased 20% to ¥164,867 million compared to the same period of the previous fiscal year.

Segment information for the first consolidated period is as follows:

**<u>Corporate Financial Services and Maintenance Leasing</u>:** Finance and fee business; leasing and rental of automobiles, electronic measuring instruments and ICT-related equipment

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | <br> **Change** | <br> **Change** |
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | 19797 | 23568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3771 | 19 |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Amount**<br>**(millions of yen)** | **Percent**<br>**(%)** |
|  Segment Assets | 1884565 | 1869979 | (14586) | (1) |

---

Segment profits increased 19% to ¥23,568 million compared to the same period of the previous fiscal year primarily due to increases in operating leases revenues and finance revenues.

Segment assets decreased 1% to ¥1,869,979 million compared to the end of the previous fiscal year primarily due to decreases in loans to ORIX and its subsidiaries and installment loans, partially offset by an increase in investment in operating leases.

**<u>Real Estate</u>:** Real estate development, rental and management; facility operations; real estate asset management

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | <br> **Change** | <br> **Change** |
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | 13954 | 35866 | &nbsp;&nbsp;&nbsp;&nbsp;21912 | 157 |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Amount**<br>**(millions of yen)** | **Percent**<br>**(%)** |
|  Segment Assets | 1158293 | 1151872 | (6421) | (1) |

---

Segment profits increased 157% to ¥35,866 million compared to the same period of the previous fiscal year primarily due to an increase in services income.

Segment assets decreased 1% to ¥1,151,872 million compared to the end of the previous fiscal year primarily due to decreases in trade notes, accounts and other receivable and inventories, partially offset by increases in equity method investments and investment in operating leases.

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##### [**Table of Contents**](#toc)
**<u>PE Investment and Concession</u>:** Private equity investment and concession

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | <br> **Change** | <br> **Change** |
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | 32027 | 24004 | (8023) | (25) |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Amount**<br>**(millions of yen)** | **Percent**<br>**(%)** |
|  Segment Assets | 1022944 | 1054540 | &nbsp;&nbsp;&nbsp;&nbsp;31596 | &nbsp;&nbsp;&nbsp;&nbsp;3 |

---

Segment profits decreased 25% to ¥24,004 million compared to the same period of the previous fiscal year primarily due to the absence of gains on sales of subsidiaries and equity method investments recorded in the first quarter of the previous fiscal year as a result of the sale of investees, partially offset by an increase in equity in net income (loss) of equity method investments.

Segment assets increased 3% to ¥1,054,540 million compared to the end of the previous fiscal year primarily due to increases in equity method investments and property under facility operations and goodwill, intangible assets acquired in business combinations, partially offset by a decrease in cash and cash equivalents.

**<u>Environment and Energy</u>:** Domestic and overseas renewable energy; electric power retailing; ESCO services; sales of solar panels; recycling and waste management

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | <br> **Change** | <br> **Change** |
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | (482) | 17944 | &nbsp;&nbsp;&nbsp;&nbsp;18426 |  |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent**<br>**(%)** |
|  Segment Assets | 1016175 | &nbsp;&nbsp;&nbsp;&nbsp;992589 | (23586) | &nbsp;&nbsp;&nbsp;&nbsp;(2) |

---

Segment profits increased by ¥18,426 million to ¥17,944 million compared to the same period of the previous fiscal year primarily due to increases in gains on sales of subsidiaries and equity method investments, foreign exchange gains or losses, and gains on investment securities and dividends.

Segment assets decreased 2% to ¥992,589 million compared to the end of the previous fiscal year primarily due to a general decrease as a result of foreign exchange effects.

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##### [**Table of Contents**](#toc)
**<u>Insurance</u>:** Life insurance

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | <br> **Change** | <br> **Change** |
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | 21944 | 24063 | 2119 | 10 |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Amount**<br>**(millions of yen)** | **Percent**<br>**(%)** |
|  Segment Assets | 3009234 | 3047702 | &nbsp;&nbsp;&nbsp;&nbsp;38468 | 1 |

---

Segment profits increased 10% to ¥24,063 million compared to the same period of the previous fiscal year primarily due to a decrease in life insurance costs, partially offset by a decrease in life insurance premiums and related investment income.

Segment assets increased 1% to ¥3,047,702 million compared to the end of the previous fiscal year primarily due to increases in reinsurance recoverables and investment in securities, partially offset by decreases in cash and cash equivalents and trade notes, accounts and other receivable.

**<u>Banking and Credit</u>:** Banking and consumer finance

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | <br> **Change** | <br> **Change** |
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | 6398 | 9939 | 3541 | 55 |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025**<br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025**<br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Assets | 3144571 | 3216471 | &nbsp;&nbsp;&nbsp;&nbsp;71900 | 2 |

---

Segment profits increased 55% to ¥9,939 million compared to the same period of the previous fiscal year primarily due to an increase in finance revenues.

Segment assets increased 2% to ¥3,216,471 million compared to the end of the previous fiscal year primarily due to increases in installment loans and investment securities.

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##### [**Table of Contents**](#toc)
**<u>Aircraft and Ships</u>:** Aircraft investment and management; ship-related finance and investment, maritime asset management and ship brokerage

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | <br> **Change** | <br> **Change** |
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | 11764 | 9882 | (1882) | (16) |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Amount**<br>**(millions of yen)** | **Percent**<br>**(%)** |
|  Segment Assets | 1231973 | 1208440 | &nbsp;&nbsp;&nbsp;&nbsp;(23533) | (2) |

---

Segment profits decreased 16% to ¥9,882 million compared to the same period of the previous fiscal year primarily due to the absence of gains on sales of subsidiaries and equity method investments recorded in the first quarter of the previous fiscal year and a decrease in finance revenues in shipping business.

Segment assets decreased 2% to ¥1,208,440 million compared to the end of the previous fiscal year primarily due to a general decrease as a result of foreign exchange effects.

**<u>ORIX USA</u>:** Finance, investment and asset management in the Americas

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | <br> **Change** | <br> **Change** |
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | 11835 | 648 | &nbsp;&nbsp;&nbsp;&nbsp;(11187) | (95) |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Amount**<br>**(millions of yen)** | **Percent**<br>**(%)** |
|  Segment Assets | 1593939 | 1588197 | (5742) | (0) |

---

Segment profits decreased 95% to ¥648 million compared to the same period of the previous fiscal year primarily due to a decrease in gains on sales of subsidiaries and equity method investments, the recognition of valuation losses on loans, and an increase in provision for credit losses.

Segment assets totaled ¥1,588,197 million, remaining relatively unchanged compared to the end of the previous fiscal year due to a general decrease as a result of foreign exchange effects, partially offset by increases in investment in securities and trade notes, accounts and other receivable.

------

##### [**Table of Contents**](#toc)
**<u>ORIX Europe</u>:** Asset management of global equity and fixed income

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | <br> **Change** | <br> **Change** |
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | 11154 | 9946 | (1208) | (11) |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Amount**<br>**(millions of yen)** | **Percent**<br>**(%)** |
|  Segment Assets | &nbsp;&nbsp;&nbsp;&nbsp;669306 | &nbsp;&nbsp;&nbsp;&nbsp;716077 | &nbsp;&nbsp;&nbsp;&nbsp;46771 | &nbsp;&nbsp;&nbsp;&nbsp;7 |

---

Segment profits decreased 11% to ¥9,946 million compared to the same period of the previous fiscal year primarily due to a decrease in services income, partially offset by an increase in gains on investment securities and dividends.

Segment assets increased 7% to ¥716,077 million compared to the end of the previous fiscal year primarily due to a general increase as a result of foreign exchange effects and increases in cash and cash equivalents.

**<u>Asia and Australia</u>:** Finance and investment businesses in Asia and Australia

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | <br> **Change** | <br> **Change** |
| | **Three months ended** <br>**June 30, 2024**<br>**(millions of yen)** | **Three months ended** <br>**June 30, 2025**<br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | 8883 | 9007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124 | &nbsp;&nbsp;&nbsp;&nbsp;1 |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of June 30, 2025** <br>**(millions of yen)** | **Amount**<br>**(millions of yen)** | **Percent**<br>**(%)** |
|  Segment Assets | 1725627 | 1712608 | (13019) | (1) |

---

Segment profits increased 1% to ¥9,007 million compared to the same period of the previous fiscal year primarily due to an increase in equity in net income (loss) of equity method investments in Asia and Australia, partially offset by a decrease in finance revenues in Greater China.

Segment assets decreased 1% to ¥1,712,608 million compared to the end of the previous fiscal year primarily due to decreases in cash and cash equivalents and installment loans and equity method investment, partially offset by an increase in investment in operating leases.

------

##### [**Table of Contents**](#toc)
**(2) Consolidated Financial Condition** 

**Summary of Assets, Liabilities, Shareholders' Equity** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **As of March 31,**<br>**2025** | **As of June 30,**<br>**2025** | **Change** | **Change** |
| | | **As of March 31,**<br>**2025** | **As of June 30,**<br>**2025** | **Amount** | **Percent** |
|  Total Assets | (millions of yen) | 16866251 | 17000280 | 134029 | 1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Segment Assets) |  | 16456627 | 16558475 | 101848 | 1% |
|  Total Liabilities | (millions of yen) | 12691036 | 12773412 | 82376 | 1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Short-term and Long-term Debt) |  | 6282798 | 6381222 | 98424 | 2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Deposits) |  | 2449812 | 2562032 | 112220 | 5% |
|  Shareholders' Equity \*1 | (millions of yen) | 4089782 | 4145509 | 55727 | 1% |
|  Shareholders' Equity Per Share \*2 | (yen) | 3599.24 | 3672.65 | 73.41 | 2% |

---

---

| | |
|:---|:---|
| \*1 | Shareholders' Equity refers to total ORIX Corporation Shareholders' Equity based on U.S. GAAP.  |

---

---

| | |
|:---|:---|
| \*2 | Shareholders' Equity Per Share is calculated using total ORIX Corporation Shareholders' Equity.  |

---

Total assets increased 1% to ¥17,000,280 million compared to the end of the previous fiscal year primarily due to increases in investment in operating leases, investment in securities and other assets (mainly reinsurance recoverable), partially offset by decreases in property under facility operations and inventories. In addition, segment assets increased 1% to ¥16,558,475 million compared to the end of the previous fiscal year.

Total liabilities increased 1% to ¥12,773,412 million compared to the end of the previous fiscal year primarily due to increases in deposits and short-term debt, partially offset by decreases in trade notes, accounts and other payable and policy liabilities and policy account balances.

Shareholders' equity increased 1% to ¥4,145,509 million compared to the end of the previous fiscal year.

------

##### [**Table of Contents**](#toc)
**2. Financial Information** 

**(1) Condensed Consolidated Balance Sheets (Unaudited)** 

**(millions of yen)** 

---

| | | | |
|:---|:---|:---|:---|
| **Assets** | **Assets** | **As of March 31,**<br>**2025** | **As of June 30,**<br>**2025** |
|  Cash and Cash Equivalents | Cash and Cash Equivalents | 1206573 | 1206661 |
|  Restricted Cash | Restricted Cash | 115410 | 115447 |
|  Net Investment in Leases | Net Investment in Leases | 1167380 | 1184590 |
|  Installment Loans | Installment Loans | 4081019 | 4087274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The amounts which are measured at fair value by electing the fair value option are as follows: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The amounts which are measured at fair value by electing the fair value option are as follows: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; March 31, 2025 | ¥97,694 million |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30, 2025 | ¥95,155 million |  |  |
|  Allowance for Credit Losses | Allowance for Credit Losses | (56769) | (57181) |
|  Investment in Operating Leases | Investment in Operating Leases | 1967178 | 2013427 |
|  Investment in Securities | Investment in Securities | 3234547 | 3290297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The amounts which are measured at fair value by electing the fair value option are as follows: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The amounts which are measured at fair value by electing the fair value option are as follows: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; March 31, 2025 | ¥41,018 million |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30, 2025 | ¥40,177 million |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The amounts which are associated to available-for-sale debt securities are as follows: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The amounts which are associated to available-for-sale debt securities are as follows: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; March 31, 2025 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortized Cost | ¥3,174,036 million |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for Credit Losses | ¥(670) million |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30, 2025 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortized Cost | ¥3,286,194 million |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for Credit Losses | ¥(630) million |  |  |
|  Property under Facility Operations | Property under Facility Operations | 771851 | 758818 |
|  Equity method investments | Equity method investments | 1320015 | 1315546 |
|  Trade Notes, Accounts and Other Receivable | Trade Notes, Accounts and Other Receivable | 411012 | 406777 |
|  Inventories | Inventories | 229229 | 214732 |
|  Office Facilities | Office Facilities | 191957 | 191236 |
|  Other Assets | Other Assets | 2226849 | 2272656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The amounts which are measured at fair value by electing the fair value option are as follows: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The amounts which are measured at fair value by electing the fair value option are as follows: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; March 31, 2025 | ¥2,586 million |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30, 2025 | ¥2,036 million |  |  |
|  **Total Assets** |  | 16866251 | 17000280 |
| **Liabilities and Equity** | **Liabilities and Equity** |  |  |
|  Short-term Debt | Short-term Debt | 549680 | 629908 |
|  Deposits | Deposits | 2449812 | 2562032 |
|  Trade Notes, Accounts and Other Payable | Trade Notes, Accounts and Other Payable | 339787 | 314926 |
|  Policy Liabilities and Policy Account Balances | Policy Liabilities and Policy Account Balances | 1948047 | 1838581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The amounts which are measured at fair value by electing the fair value option are as follows: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The amounts which are measured at fair value by electing the fair value option are as follows: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; March 31, 2025 | ¥136,257 million |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30, 2025 | ¥140,084 million |  |  |
|  Current and Deferred Income Taxes |  | 578781 | 603625 |
|  Long-term Debt |  | 5733118 | 5751314 |
|  Other Liabilities | Other Liabilities | 1091811 | 1073026 |
|  **Total Liabilities** | **Total Liabilities** | 12691036 | 12773412 |
|  **Redeemable Noncontrolling Interests** | **Redeemable Noncontrolling Interests** | 3432 | 3422 |
|  **Commitments and Contingent Liabilities** | **Commitments and Contingent Liabilities** |  |  |
|  Common Stock | Common Stock | 221111 | 221111 |
|  Additional Paid-in Capital | Additional Paid-in Capital | 234193 | 234325 |
|  Retained Earnings | Retained Earnings | 3354911 | 3396279 |
|  Accumulated Other Comprehensive Income | Accumulated Other Comprehensive Income | 341298 | 378458 |
|  Treasury Stock, at Cost | Treasury Stock, at Cost | (61731) | (84664) |
|  **Total ORIX Corporation Shareholders' Equity** | **Total ORIX Corporation Shareholders' Equity** | 4089782 | 4145509 |
|  **Noncontrolling Interests** | **Noncontrolling Interests** | 82001 | 77937 |
|  **Total Equity** | **Total Equity** | 4171783 | 4223446 |
|  **Total Liabilities and Equity** | **Total Liabilities and Equity** | 16866251 | 17000280 |

---

------

##### [**Table of Contents**](#toc)

---

| | |
|:---|:---|
| **Note**: | Breakdown of Accumulated Other Comprehensive Income (Loss)  |

---

---

| | | |
|:---|:---|:---|
|  | **As of March 31,**<br>**2025** | **As of June 30,**<br>**2025** |
|  Accumulated Other Comprehensive Income (Loss) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net unrealized gains (losses) on investment in securities | (403914) | (465271) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impact of changes in policy liability discount rate | 416124 | 559244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt valuation adjustments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49 | 111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Defined benefit pension plans | 14791 | 20258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation adjustments | 304657 | 261587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net unrealized gains on derivative instruments | 9591 | 2529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 341298 | 378458 |

---

------

##### [**Table of Contents**](#toc)
**(2) Condensed Consolidated Statements of Income (Unaudited)** 

**(millions of yen)** 

---

| | | |
|:---|:---|:---|
|  | **Three months**<br>**ended**<br>**June 30, 2024** | **Three months**<br>**ended**<br>**June 30, 2025** |
| **Revenues :** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance revenues | 83007 | 87238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on investment securities and dividends | 3287 | 16516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Operating leases | 141786 | 152076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life insurance premiums and related investment income | 144409 | 132543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sales of goods and real estate | 100917 | 110952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Services income | 234733 | 269316 |
|  **Total Revenues** | 708139 | 768641 |
| **Expenses :** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | 45006 | 45362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costs of operating leases | 93381 | 99784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life insurance costs | 110112 | 94237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costs of goods and real estate sold | 72768 | 83302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Services expense | 136860 | 148670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other (income) and expense | 4876 | (1010) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Selling, general and administrative expenses | 156284 | 164052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for credit losses | 2498 | 3363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-downs of long-lived assets | 88 | 1004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-downs of securities | 0 | 127 |
|  **Total Expenses** | 621873 | 638891 |
|  **Operating Income** | 86266 | 129750 |
|  Equity in Net Income of Equity method investments | 7756 | 19422 |
|  Gains on Sales of Subsidiaries and Equity method investments and Liquidation Losses, net | 26147 | 6308 |
|  **Income before Income Taxes** | 120169 | 155480 |
|  Provision for Income Taxes | 35005 | 46209 |
|  **Net Income** | 85164 | 109271 |
|  **Net Income (Loss) Attributable to the Noncontrolling Interests** | (1652) | 1933 |
|  **Net Income Attributable to the Redeemable Noncontrolling Interests** | 81 | 50 |
|  **Net Income Attributable to ORIX Corporation Shareholders** | 86735 | 107288 |

---

------

##### [**Table of Contents**](#toc)
**(3) Condensed Consolidated Statements of Comprehensive Income (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  |<br>**Three months**<br>**ended**<br>**June 30, 2024** | **(millions of yen)**<br>**Three months**<br>**ended**<br>**June 30, 2025** |
|  **Net Income :** | 85164 | 109271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other comprehensive income (loss), net of tax: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change of unrealized gains (losses) on investment in securities | (80105) | (61363) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impact of changes in policy liability discount rate | 76639 | 143120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change of debt valuation adjustments | 442 | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change of defined benefit pension plans | 46 | 5465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change of foreign currency translation adjustments | 126833 | (44298) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change of unrealized gains (losses) on derivative instruments | 270 | (7172) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total other comprehensive income | 124125 | 35814 |
|  **Comprehensive Income** | 209289 | 145085 |
|  **Comprehensive Income Attributable to the Noncontrolling Interests** | 1935 | 701 |
|  **Comprehensive Income (Loss) Attributable to the Redeemable Noncontrolling Interests** | 239 | (64) |
|  **Comprehensive Income Attributable to ORIX Corporation Shareholders** | 207115 | 144448 |

---

**(4) Assumptions for Going Concern** 

There is no corresponding item.

**(5) Significant Changes in Shareholders' Equity** 

There is no corresponding item.

**(6) Changes in Accounting Policies** 

There are no changes in accounting policies.

------

##### [**Table of Contents**](#toc)
**(7) Segment Information (Unaudited)** 

The Group CEO, as the Chief Operating Decision Maker ("CODM"), regularly assesses segment performance and allocates management resources by using the amount equivalent to income before income taxes attributable to ORIX Corporation Shareholders of each business segment.

An overview of the operations for each of the ten operating segments follows below.

---

| | | |
|:---|:---|:---|
| Corporate Financial Services and<br> Maintenance Leasing | : | Finance and fee business; leasing and rental of automobiles, electronic measuring instruments and ICT-related equipment |
| Real Estate | : | Real estate development, rental and management; facility operations; real estate asset management |
| PE Investment and Concession | : | Private equity investment and concession |
| Environment and Energy | : | Domestic and overseas renewable energy; electric power retailing; ESCO services; sales of solar panels; recycling and waste management |
| Insurance | : | Life insurance |
| Banking and Credit | : | Banking and consumer finance |
| Aircraft and Ships | : | Aircraft investment and management; ship-related finance and investment, maritime asset management and ship brokerage |
| ORIX USA | : | Finance, investment and asset management in the Americas |
| ORIX Europe | : | Asset management of global equity and fixed income |
| Asia and Australia | : | Finance and investment businesses in Asia and Australia |

---

The accounting policies of the segments are almost the same as accounting policies for condensed consolidated financial statements except for the treatment of income tax expenses, net income attributable to noncontrolling interests, and net income attributable to redeemable noncontrolling interests. The chief operating decision maker evaluates segment performance based on the amount equivalent to income before income taxes attributable to ORIX Corporation shareholders. Therefore, net income attributable to noncontrolling interests, net income attributable to redeemable noncontrolling interests, and income tax expenses are not included in segment profit or loss. Most of selling, general and administrative expenses, including compensation costs that are directly related to the revenue generating activities of each segment and excluding the expenses that should be borne by ORIX Group as a whole, have been accumulated by and charged to each segment. Gains and losses that management does not consider for evaluating the performance of the segments, such as certain interest expenses and certain foreign exchange gains or losses (included in other (income) and expense) are excluded from the segment profits or losses, and are regarded as corporate items.

Assets attributed to each segment are total assets except for certain cash and head office assets.

------

##### [**Table of Contents**](#toc)
Segment information for the three months ended June 30, 2024 and three months ended June 30, 2025 is as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** |
|  | **Three months ended June 30, 2024** | **Three months ended June 30, 2024** | **Three months ended June 30, 2024** | **Three months ended June 30, 2024** | **Three months ended June 30, 2024** | **Three months ended June 30, 2024** | **Three months ended June 30, 2024** |
|  | **Corporate<br>Financial<br>Services and<br>Maintenance<br>Leasing** | **Real Estate** | **PE<br>Investment<br>and<br>Concession** | **Environment<br>and Energy** | **Insurance** | **Banking and<br>Credit** | **Aircraft and<br>Ships** |
|  Finance revenues | 15219 | 1263 | 2966 | 294 | 84 | 14129 | 1807 |
|  Gains on investment securities and dividends | 1277 | 143 | 331 | (10) | 0 | 131 | 8 |
|  Operating leases | 68382 | 13551 | 10343 | 20 | 0 | 0 | 14695 |
|  Life insurance premiums and related investment income | 0 | 0 | 0 | 0 | 144946 | 0 | 0 |
|  Sales of goods and real estate | 881 | 33275 | 64185 | 701 | 0 | 0 | 59 |
|  Services income | 26698 | 69111 | 16121 | 37593 | (1) | 638 | 2383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Segment Revenues** | 112457 | 117343 | 93946 | 38598 | 145029 | 14898 | 18952 |
|  Interest expense | 1572 | 575 | 817 | 3113 | 28 | 1310 | 3345 |
|  Costs of operating leases | 48810 | 6087 | 6544 | 5 | 0 | 0 | 6180 |
|  Life insurance costs | 0 | 0 | 0 | 0 | 109328 | 0 | 0 |
|  Costs of goods and real estate sold | 725 | 25939 | 44658 | 389 | 0 | 0 | 59 |
|  Services expense | 14733 | 59750 | 11169 | 27155 | 0 | 2385 | 480 |
|  Other (income) and expense | 4294 | 266 | (114) | 175 | (33) | (86) | (102) |
|  Selling, general and administrative expenses | 22790 | 10853 | 21015 | 5205 | 13761 | 5355 | 2516 |
|  Provision for credit losses, and write-downs of long-lived assets and securities | 176 | (28) | 39 | 22 | 1 | 119 | (0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Segment Expenses** | 93100 | 103442 | 84128 | 36064 | 123085 | 9083 | 12478 |
|  Equity in Net income (Loss) of equity method investments and others | 440 | 53 | 22209 | (3016) | (0) | 583 | 5290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Segment Profits** | 19797 | 13954 | 32027 | (482) | 21944 | 6398 | 11764 |
|  Significant non-cash items: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 38793 | 4741 | 6574 | 8018 | 2339 | 193 | 5385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase in policy liabilities and policy account balances | 0 | 0 | 0 | 0 | 51573 | 0 | 0 |
|  Expenditures for long-lived assets | 47087 | 24905 | 4406 | 8834 | 0 | 0 | 82218 |
|  | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** |  |  |  |
|  | **Three months ended June 30, 2024** | **Three months ended June 30, 2024** | **Three months ended June 30, 2024** | **Three months ended June 30, 2024** |  |  |  |
|  | **ORIX USA** | **ORIX Europe** | **Asia and<br>Australia** | **Total** |  |  |  |
|  Finance revenues | 27504 | 801 | 19212 | 83279 |  |  |  |
|  Gains on investment securities and dividends | 153 | 1164 | 116 | 3313 |  |  |  |
|  Operating leases | 139 | 0 | 33373 | 140503 |  |  |  |
|  Life insurance premiums and related investment income | 0 | 0 | 0 | 144946 |  |  |  |
|  Sales of goods and real estate | 172 | 0 | 217 | 99490 |  |  |  |
|  Services income | 11619 | 62137 | 6682 | 232981 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Segment Revenues** | 39587 | 64102 | 59600 | 704512 |  |  |  |
|  Interest expense | 11684 | 193 | 10746 | 33383 |  |  |  |
|  Costs of operating leases | 273 | 0 | 24544 | 92443 |  |  |  |
|  Life insurance costs | 0 | 0 | 0 | 109328 |  |  |  |
|  Costs of goods and real estate sold | 92 | 0 | 197 | 72059 |  |  |  |
|  Services expense | 541 | 16255 | 4138 | 136606 |  |  |  |
|  Other (income) and expense | (889) | 2954 | (379) | 6086 |  |  |  |
|  Selling, general and administrative expenses | 23471 | 34239 | 10974 | 150179 |  |  |  |
|  Provision for credit losses, and write-downs of long-lived assets and securities | 306 | 0 | 1950 | 2585 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Segment Expenses** | 35478 | 53641 | 52170 | 602669 |  |  |  |
|  Equity in Net income (Loss) of equity method investments and others | 7726 | 693 | 1453 | 35431 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Segment Profits** | 11835 | 11154 | 8883 | 137274 |  |  |  |
|  Significant non-cash items: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 908 | 1690 | 23915 | 92556 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase in policy liabilities and policy account balances | 0 | 0 | 0 | 51573 |  |  |  |
|  Expenditures for long-lived assets | 225 | 0 | 41939 | 209614 |  |  |  |

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##### [**Table of Contents**](#toc)

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** |
|  | **Three months ended June 30, 2025** | **Three months ended June 30, 2025** | **Three months ended June 30, 2025** | **Three months ended June 30, 2025** | **Three months ended June 30, 2025** | **Three months ended June 30, 2025** | **Three months ended June 30, 2025** |
|  | **Corporate<br>Financial<br>Services and<br>Maintenance<br>Leasing** | **Real Estate** | **PE<br>Investment<br>and<br>Concession** | **Environment<br>and Energy** | **Insurance** | **Banking and<br>Credit** | **Aircraft and<br>Ships** |
|  Finance revenues | 18002 | 1157 | 3202 | 276 | 38 | 21017 | 928 |
|  Gains on investment securities and dividends | 1636 | 515 | 269 | 4713 | 0 | 30 | 200 |
|  Operating leases | 73661 | 13629 | 8606 | 21 | 0 | 0 | 21156 |
|  Life insurance premiums and related investment income | 0 | 0 | 0 | 0 | 133086 | 0 | 0 |
|  Sales of goods and real estate | 1046 | 43513 | 63889 | 689 | 0 | 0 | 266 |
|  Services income | 27605 | 98145 | 18662 | 43632 | 0 | 623 | 5178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Segment Revenues** | 121950 | 156959 | 94628 | 49331 | 133124 | 21670 | 27728 |
|  Interest expense | 2749 | 1219 | 1182 | 3285 | 127 | 3859 | 5363 |
|  Costs of operating leases | 51172 | 6208 | 5620 | 5 | 0 | 0 | 11797 |
|  Life insurance costs | 0 | 0 | 0 | 0 | 94395 | 0 | 0 |
|  Costs of goods and real estate sold | 851 | 36189 | 44685 | 442 | 0 | 0 | 231 |
|  Services expense | 15038 | 65437 | 12569 | 30743 | 0 | 2254 | 2346 |
|  Other (income) and expense | 5808 | 293 | (4031) | (5857) | (4) | 58 | 309 |
|  Selling, general and administrative expenses | 23530 | 12039 | 22690 | 6563 | 14563 | 5888 | 3248 |
|  Provision for credit losses, and write-downs of long-lived assets and securities | 135 | 28 | 913 | 3 | (20) | 119 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Segment Expenses** | 99283 | 121413 | 83628 | 35184 | 109061 | 12178 | 23293 |
|  Equity in Net income (Loss) of equity<br> method investments and others | 901 | 320 | 13004 | 3797 | (0) | 447 | 5447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Segment Profits** | 23568 | 35866 | 24004 | 17944 | 24063 | 9939 | 9882 |
|  Significant non-cash items: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 40658 | 4689 | 5194 | 7952 | 7812 | (109) | 8415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase in policy liabilities and policy account balances | 0 | 0 | 0 | 0 | 83836 | 0 | 0 |
|  Expenditures for long-lived assets | 57351 | 13944 | 4881 | 17293 | 11 | 6 | 74864 |
|  | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** |  |  |  |
|  | **Three months ended June 30, 2025** | **Three months ended June 30, 2025** | **Three months ended June 30, 2025** | **Three months ended June 30, 2025** |  |  |  |
|  | **ORIX USA** | **ORIX Europe** | **Asia and<br>Australia** | **Total** |  |  |  |
|  Finance revenues | 24775 | 736 | 17418 | 87549 |  |  |  |
|  Gains on investment securities and dividends | 4204 | 4810 | 164 | 16541 |  |  |  |
|  Operating leases | 436 | 0 | 33175 | 150684 |  |  |  |
|  Life insurance premiums and related investment income | 0 | 0 | 0 | 133086 |  |  |  |
|  Sales of goods and real estate | 187 | 0 | 289 | 109879 |  |  |  |
|  Services income | 10637 | 57997 | 5474 | 267953 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Segment Revenues** | 40239 | 63543 | 56520 | 765692 |  |  |  |
|  Interest expense | 11750 | 128 | 9405 | 39067 |  |  |  |
|  Costs of operating leases | 550 | 0 | 23643 | 98995 |  |  |  |
|  Life insurance costs | 0 | 0 | 0 | 94395 |  |  |  |
|  Costs of goods and real estate sold | 87 | 0 | 261 | 82746 |  |  |  |
|  Services expense | 534 | 16279 | 3559 | 148759 |  |  |  |
|  Other (income) and expense | 533 | 1792 | 8 | (1091) |  |  |  |
|  Selling, general and administrative expenses | 22166 | 35457 | 10869 | 157013 |  |  |  |
|  Provision for credit losses, and write-downs of long-lived assets and securities | 1547 | 0 | 1771 | 4495 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Segment Expenses** | 37167 | 53656 | 49516 | 624379 |  |  |  |
|  Equity in Net income (Loss) of equity method investments and others | (2424) | 59 | 2003 | 23554 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Segment Profits** | 648 | 9946 | 9007 | 164867 |  |  |  |
|  Significant non-cash items: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 637 | 1668 | 22785 | 99701 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase in policy liabilities and policy account balances | 0 | 0 | 0 | 83836 |  |  |  |
|  Expenditures for long-lived assets | 713 | 189 | 46526 | 215778 |  |  |  |

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##### [**Table of Contents**](#toc)
Segment information as of March 31, 2025 and June 30, 2025 is as follows:

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** |
|  | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** |
|  | **Corporate<br>Financial<br>Services and<br>Maintenance<br>Leasing** | **Real Estate** | **PE<br>Investment<br>and<br>Concession** | **Environment<br>and Energy** | **Insurance** | **Banking and<br>Credit** | **Aircraft and<br>Ships** |
|  Net investment in leases | 569380 | 45810 | 1640 | 2092 | 0 | 0 | 0 |
|  Installment loans | 424370 | 30 | 124411 | 3609 | 12805 | 2511736 | 36119 |
|  Investment in operating leases | 557625 | 311377 | 46796 | 237 | 26167 | 0 | 599813 |
|  Investment in securities | 29690 | 6209 | 6117 | 32032 | 2234453 | 305441 | 9387 |
|  Property under facility operations and servicing assets | 43857 | 175153 | 53832 | 487241 | 0 | 0 | 28 |
|  Inventories | 433 | 182652 | 41021 | 2551 | 0 | 0 | 1588 |
|  Advances for finance lease and operating lease | 6177 | 78044 | 3 | 0 | 0 | 0 | 27816 |
|  Equity method investments | 16375 | 177956 | 148274 | 170946 | 35865 | 43934 | 402567 |
|  Advances for property under facility operations | 143 | 7401 | 728 | 70081 | 0 | 0 | 0 |
|  Goodwill, intangible assets acquired in business combinations | 25268 | 50801 | 331003 | 120743 | 4452 | 0 | 43024 |
|  Other assets | 211247 | 122860 | 269119 | 126643 | 695492 | 283460 | 111631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Segment Assets** | 1884565 | 1158293 | 1022944 | 1016175 | 3009234 | 3144571 | 1231973 |
|  | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** |  |  |  |
|  | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** | **As of March 31, 2025** |  |  |  |
|  | **ORIX USA** | **ORIX Europe** | **Asia and<br>Australia** | **Total** |  |  |  |
|  Net investment in leases | 451 | 0 | 547966 | 1167339 |  |  |  |
|  Installment loans | 652805 | 0 | 315128 | 4081013 |  |  |  |
|  Investment in operating leases | 21260 | 0 | 394764 | 1958039 |  |  |  |
|  Investment in securities | 487022 | 86008 | 37768 | 3234127 |  |  |  |
|  Property under facility operations and servicing assets | 76469 | 0 | 1844 | 838424 |  |  |  |
|  Inventories | 137 | 0 | 615 | 228997 |  |  |  |
|  Advances for finance lease and operating lease | 0 | 0 | 4833 | 116873 |  |  |  |
|  Equity method investments | 54817 | 8578 | 260395 | 1319707 |  |  |  |
|  Advances for property under facility operations | 0 | 0 | 51 | 78404 |  |  |  |
|  Goodwill, intangible assets acquired in business combinations | 171884 | 354801 | 6986 | 1108962 |  |  |  |
|  Other assets | 129094 | 219919 | 155277 | 2324742 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Segment Assets** | 1593939 | 669306 | 1725627 | 16456627 |  |  |  |

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##### [**Table of Contents**](#toc)

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** |
|  | **As of June 30, 2025** | **As of June 30, 2025** | **As of June 30, 2025** | **As of June 30, 2025** | **As of June 30, 2025** | **As of June 30, 2025** | **As of June 30, 2025** |
|  | **Corporate<br>Financial<br>Services and<br>Maintenance<br>Leasing** | **Real Estate** | **PE<br>Investment<br>and<br>Concession** | **Environment<br>and Energy** | **Insurance** | **Banking and<br>Credit** | **Aircraft and<br>Ships** |
|  Net investment in leases | 569247 | 44061 | 1486 | 1984 | 0 | 0 | 11566 |
|  Installment loans | 413787 | 24 | 126392 | 4082 | 13409 | 2570509 | 30476 |
|  Investment in operating leases | 567613 | 333797 | 46835 | 231 | 26185 | 0 | 591950 |
|  Investment in securities | 30666 | 9286 | 6143 | 33822 | 2255820 | 323395 | 4351 |
|  Property under facility operations and servicing assets | 43297 | 160134 | 64107 | 479677 | 0 | 0 | 27 |
|  Inventories | 379 | 168550 | 40484 | 2746 | 0 | 0 | 1636 |
|  Advances for finance lease and operating lease | 5116 | 61509 | 3 | 0 | 0 | 0 | 33271 |
|  Equity method investments | 16769 | 189120 | 169499 | 150336 | 37617 | 43363 | 395465 |
|  Advances for property under facility operations | 158 | 7469 | 2292 | 74981 | 0 | 0 | 0 |
|  Goodwill, intangible assets acquired in business combinations | 25104 | 50276 | 339675 | 108800 | 4452 | 0 | 39109 |
|  Other assets | 197843 | 127646 | 257624 | 135930 | 710219 | 279204 | 100589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Segment Assets** | 1869979 | 1151872 | 1054540 | 992589 | 3047702 | 3216471 | 1208440 |
|  | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** |  |  |  |
|  | **As of June 30, 2025** | **As of June 30, 2025** | **As of June 30, 2025** | **As of June 30, 2025** |  |  |  |
|  | **ORIX USA** | **ORIX Europe** | **Asia and<br>Australia** | **Total** |  |  |  |
|  Net investment in leases | 428 | 0 | 555786 | 1184558 |  |  |  |
|  Installment loans | 623099 | 0 | 305459 | 4087237 |  |  |  |
|  Investment in operating leases | 26080 | 0 | 412376 | 2005067 |  |  |  |
|  Investment in securities | 499438 | 93571 | 33384 | 3289876 |  |  |  |
|  Property under facility operations and servicing assets | 73613 | 0 | 1889 | 822744 |  |  |  |
|  Inventories | 129 | 0 | 454 | 214378 |  |  |  |
|  Advances for finance lease and operating lease | 0 | 0 | 5678 | 105577 |  |  |  |
|  Equity method investments | 52243 | 8534 | 252374 | 1315320 |  |  |  |
|  Advances for property under facility operations | 0 | 0 | 53 | 84953 |  |  |  |
|  Goodwill, intangible assets acquired in business combinations | 166219 | 369334 | 6821 | 1109790 |  |  |  |
|  Other assets | 146948 | 244638 | 138334 | 2338975 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Segment Assets** | 1588197 | 716077 | 1712608 | 16558475 |  |  |  |

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##### [**Table of Contents**](#toc)
The reconciliation of segment totals to the condensed consolidated financial statement amounts is as follows:

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| | | |
|:---|:---|:---|
|  | **Millions of yen** | **Millions of yen** |
|  | **Three months ended<br>June 30, 2024** | **Three months ended<br>June 30, 2025** |
|  Segment revenues: |  |  |
|  Total revenues for segments | 704512 | 765692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenues related to corporate assets | 17455 | 20561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenues from inter-segment transactions | (13828) | (17612) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total consolidated revenues | 708139 | 768641 |
|  Segment profits: |  |  |
|  Total profits for segments | 137274 | 164867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate profits (losses) | (15557) | (11550) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income attributable to the noncontrolling interests and net income attributable to the redeemable noncontrolling interests | (1548) | 2163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total consolidated income before income taxes | 120169 | 155480 |

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**(8) Cash flow information (Unaudited)** 

ORIX Group does not prepare the consolidated statements of cash flows for the three months ended June 30, 2025. Depreciation and amortization for the three months ended June 30, 2024 and 2025 were ¥93,907 million and ¥101,141 million, respectively.

**(9) Subsequent Events** 

There are no material subsequent events.