# EDGAR Filing Document

**Accession Number:** 0001070304
**File Stem:** 0001193125-26-216069
**Filing Date:** 2026-5
**Character Count:** 133234
**Document Hash:** 9055ad7c92d278636d0a716d14e584b5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-216069.hdr.sgml**: 20260511

**ACCESSION NUMBER**: 0001193125-26-216069

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260511

**FILED AS OF DATE**: 20260511

**DATE AS OF CHANGE**: 20260511

**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:** 26961528

**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 May 2026** 

**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 Consolidated Financial Results for the fiscal year ended March 31, 2026 (April 1, 2025 –March 31, 2026) filed with the Tokyo Stock Exchange on Monday, May 11, 2026.](#fs111950_1)

2. ["Notice Regarding Repurchase of Own Shares"](#fs111950_2)

3. ["Announcement Regarding Dividend for the Fiscal Year Ended March 31, 2026 and Annual Dividend Forecast for the Fiscal Year Ending March 31, 2027"](#fs111950_3)

4. [Announcement Regarding Management Changes](#fs111950_4)

5. [Announcement Regarding Candidates for Member of the Board of Directors and Member Composition of the Three Committees of ORIX Corporation](#fs111950_5)

6. [Notice Concerning Partial Amendment to Articles of Incorporation](#fs111950_6)

------

##### [**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: May 11, 2026 | By | /s/ Masataka Yamada |
|  |  | Masataka Yamada |
|  |  | Senior Managing Executive Officer<br> Chief Financial Officer and Chief Strategy Officer<br> Responsible for Corporate Strategy and Management Unit<br> ORIX Corporation |

---

------

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

**April 1, 2025 – March 31, 2026** 

May 11, 2026

*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 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 March 31, 2026** 

(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 Year Ended March 31, 2026** 

**(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 before**<br>**Income Taxes** | **Year-on-Year**<br>**Change** | **Net Income**<br>**Attributable to**<br>**ORIX Corporation**<br>**Shareholders** | **Year-on-Year**<br>**Change** |
|  March 31, 2026 | 3330831 | 15.9% | 456248 | 37.5% | 691431 | 43.9% | 447265 | 27.2% |
|  March 31, 2025 | 2874821 | 2.1% | 331826 | (8.0%) | 480463 | 2.2% | 351630 | 1.6% |

---

"Comprehensive Income Attributable to ORIX Corporation Shareholders" was ¥711,049 million for the fiscal year ended March 31, 2026 (year-on-year change was a 111.8% increase) and ¥335,644 million for the fiscal year ended March 31, 2025 (year-on-year change was a 38.7% decrease).

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Basic**<br>**Earnings Per Share** | **Diluted**<br>**Earnings Per Share** | **Return on**<br>**Equity** | **Return on**<br>**Assets\*2** | **Operating**<br>**Margin** |
|  March 31, 2026 | 400.27 | 399.40 | 10.4% | 4.0% | 13.7% |
|  March 31, 2025 | 307.74 | 307.16 | 8.8% | 2.9% | 11.5% |

---

"Equity in Net Income of Equity method investments" was a net gain of ¥123,872 million for the fiscal year ended March 31, 2026 and a net gain of ¥57,182 million for the fiscal year ended March 31, 2025.

---

| | |
|:---|:---|
| **\*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.  |

---

---

| | |
|:---|:---|
| **\*Note 2:** | "Return on Assets" is calculated based on "Income before Income Taxes."  |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Total**<br>**Assets** | **Total**<br>**Equity** | **Shareholders'**<br>**Equity** | **Shareholders'**<br>**Equity Ratio** | **Shareholders'**<br>**Equity Per Share** |
|  March 31, 2026 | 18002776 | 4573068 | 4482500 | 24.9% | 4080.24 |
|  March 31, 2025 | 16866251 | 4171783 | 4089782 | 24.2% | 3599.24 |

---

---

| | |
|:---|:---|
| **\*Note 3:** | "Shareholders' Equity" refers to "Total ORIX Corporation Shareholders' Equity."  |

---

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

"Shareholders' Equity Per Share" is calculated using "Total ORIX Corporation Shareholders' Equity."

**(3) Performance Highlights - Cash Flows (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Cash Flows**<br>**from Operating Activities** | **Cash Flows**<br>**used in<br>Investing Activities** | **Cash Flows**<br>**from (used in)<br>Financing Activities** | **Cash, Cash Equivalents<br>and Restricted Cash**<br>**at End of Year** |
|  March 31, 2026 | 1369567 | (1114671) | (160535) | 1451099 |
|  March 31, 2025 | 1300193 | (1309695) | 149322 | 1321983 |

---

**2. Dividends (Unaudited)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **First**<br>**Quarter-end** | **Second**<br>**Quarter-end** | **Third**<br>**Quarter-end** | **Year-end** | **Total** | **Total**<br>**Dividends Paid** | **Dividend Payout**<br>**Ratio**<br>**(Consolidated base)** | **Dividends on Equity**<br>**(Consolidated base)** |
|  March 31, 2025 | – | 62.17 | – | 57.84 | 120.01 | 137104 | 39.0% | 3.4% |
|  March 31, 2026 | – | 93.76 | – | 62.34 | 156.10 | 173558 | 39.0% | 4.1% |
|  March 31, 2027 (Est.) | – |  | – |  | 187.36 |  |  |  |

---

---

| | |
|:---|:---|
| **\*Note 4:** | Total dividends paid include dividends paid to the Board Incentive Plan Trust (¥417 million for the fiscal year ended March 31, 2025 and ¥506 million for the fiscal year ended March 31, 2026). Regarding the dividend forecast for the fiscal year ending March 31, 2027, the annual dividend is expected to be the higher of an amount equivalent to a dividend payout ratio of 39% and an annual dividend of ¥156.10 per share. The table above presents the forecast of annual dividends per share assuming that profit attributable to owners of the parent for the fiscal year ending March 31, 2027 is ¥530,000 million, as set forth in the consolidated financial forecast for the same fiscal year described below. Dividends per share is calculated based on the number of issued shares excluding treasury shares and may fluctuate due to changes in the number of treasury shares resulting from share repurchases.  |

---

**3. Forecast for the Year Ending March 31, 2027 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Net Income**<br>**Attributable to**<br>**ORIX Corporation Shareholders** | **Year-on-Year**<br>**Change** |
|  March 31, 2027 | 530000 | 18.5% |

---

---

| | |
|:---|:---|
| **\*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.  |

---

We indirectly hold a partial equity interest in Toshiba Corporation (Head office: Kawasaki City, Kanagawa; President and CEO: Taro Shimada; "Toshiba") through TB Investment Limited Partnership (the "Partnership"), an equity-method affiliate of ours. Toshiba's profit and loss is reflected in our consolidated financial results through the Partnership with a one-quarter lag. According to publicly disclosed information, by the end of March 2026, Toshiba sold a portion of its shares held in Kioxia Holdings Corporation (Head office: Minato-ku, Tokyo; President and CEO: Hiroo Ota; "Kioxia"). However, as of the date hereof, we have not been able to confirm information regarding Toshiba's or the Partnership's profit and loss for the fourth quarter of the fiscal year ended March 31, 2026. Accordingly, the impact of the sale on our consolidated financial results for the first quarter of the fiscal year ending March 31, 2027 through the Partnership remains uncertain at this time and has therefore not been reflected in the current earnings forecast. Likewise, the impact on our consolidated full-year earnings forecast for the fiscal year ending March 31, 2027 may vary depending on the financial results of the Partnership and other factors, and accordingly, has not been reflected due to our inability to confirm information at this time. <br>

**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) Changes in Accounting Principles** | **(2) Changes in Accounting Principles** |
| 1. Changes due to adoptions of new accounting standards | Yes () No (x) |
| 2. Other than those above | Yes () No (x) |

---

------

##### [**Table of Contents**](#toc)
**(3) Number of Issued Shares (Ordinary Shares)** 

1. The number of issued shares, including treasury stock, was 1,124,106,624 as of March 31, 2026, and 1,162,962,244 as of March 31, 2025.

2. The number of treasury stock was 22,484,702 as of March 31, 2026, and 23,259,695 as of March 31, 2025.

3. The average number of outstanding shares was 1,117,160,283 for the fiscal year ended March 31, 2026, and 1,142,502,976 for the fiscal year ended March 31, 2025.

The Company's shares held through the Board Incentive Plan Trust (3,035,102 shares as of March 31, 2026 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 March 31, 2026 are not subject to certified public accountant's or audit firm's audits.

------

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

**(1) Summary of Financial Highlights** 

**Financial Results for the Fiscal Year Ended March 31, 2026** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Fiscal Year<br>ended**<br>**March 31, 2025** | **Fiscal Year<br>ended**<br>**March 31, 2026** | **Change** | **Change** |
|  |  | **Fiscal Year<br>ended**<br>**March 31, 2025** | **Fiscal Year<br>ended**<br>**March 31, 2026** | **Amount** | **Percent (%)** |
|  Total Revenues | (millions of yen) | 2874821 | 3330831 | 456010 | 16 |
|  Total Expenses | (millions of yen) | 2542995 | 2874583 | 331588 | 13 |
|  Income before Income Taxes | (millions of yen) | 480463 | 691431 | 210968 | 44 |
|  Net Income Attributable to ORIX Corporation Shareholders | (millions of yen) | 351630 | 447265 | 95635 | 27 |
|  Earnings Per Share (Basic) | (yen) | 307.74 | 400.27 | 92.53 | 30 |
|  &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) | 307.16 | 399.40 | 92.24 | 30 |
|  ROE\*1 | (%) | 8.8 | 10.4 | 1.6 |  |
|  ROA\*2 | (%) | 2.12 | 2.57 | 0.45 |  |

---

\*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 March 31, 2026)** 

Total revenues for the consolidated fiscal year ended March 31, 2026 (hereinafter, "the fiscal year") increased 16% to ¥3,330,831 million compared to the previous fiscal year primarily due to increases in gains on investment securities and dividends, including the recognition of valuation gains on fund investments at our U.S. subsidiary and a gain related to the transfer of shares of Greenko Energy Holdings, as well as increases in life insurance premiums and related investment income, and service income.

Total expenses increased 13% to ¥2,874,583 million compared to the previous fiscal year primarily due to increases in life insurance costs and selling, general and administrative expenses.

Equity in net income of equity method investments for the fiscal year increased 117% to ¥123,872 million compared to the previous fiscal year, and gains on sales of subsidiaries and equity method investments and liquidation losses, net for the fiscal year increased 27% to ¥111,311 million compared to the previous fiscal year, primarily due to the recognition of a gain of ¥83,135 million from the transfer of shares of Greenko Energy Holdings.

Due to the above results, income before income taxes for the fiscal year increased 44% to ¥691,431 million compared to the previous fiscal year and net income attributable to ORIX Corporation Shareholders increased 27% to ¥447,265 million compared to the previous fiscal year.

------

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

Total segment profits for the fiscal year increased 35% to ¥732,597 million compared to the previous fiscal year. Segment profits increased in each of Corporate Financial Services and Maintenance Leasing, Real Estate, PE Investment and Concession, Environment and Energy, Insurance, ORIX Europe, and Asia and Australia while segment profits in each of Banking and Credit, Aircraft and Ships, and ORIX USA decreased, in each case as compared to the previous fiscal year.

Segment information for the fiscal year 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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Change** | **Change** |
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Amount**<br>**(millions of yen)** | **Percent**<br>**(%)** |
|  Segment Profits | 90329 | 100740 | 10411 | 12 |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent**<br>**(%)** |
|  Segment Assets | 1884565 | 1876895 | (7670) | (0) |

---

Segment profits increased 12% to ¥100,740 million compared to the previous fiscal year primarily due to increases in operating leases revenues and equity in net income of equity method investments.

Segment assets totaled ¥1,876,895 million, remaining relatively unchanged compared to the end of the previous fiscal year primarily due to decreases in installment loans and loans to ORIX and its subsidiaries, 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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Change** | **Change** |
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Amount**<br>**(millions of yen)** | **Percent**<br>**(%)** |
|  Segment Profits | 70541 | 78509 | 7968 | 11 |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent**<br>**(%)** |
|  Segment Assets | 1158293 | 1235906 | 77613 | 7 |

---

Segment profits increased 11% to ¥78,509 million compared to the previous fiscal year primarily due to increases in services income and equity in net income of equity method investments, partially offset by a decrease in operating leases revenues.

Segment assets increased 7% to ¥1,235,906 million compared to the end of the previous fiscal year primarily due to increases in investment in operating leases, inventories, and equity method investments, partially offset by decreases in property under facility operations.

------

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Change** | **Change** |
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Amount**<br>**(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | 98872 | &nbsp;&nbsp;&nbsp;&nbsp;125611 | 26739 | 27 |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Assets | 1022944 | 1050561 | 27617 | 3 |

---

Segment profits increased 27% to ¥125,611 million compared to the previous fiscal year primarily due to an increase in equity in net income of equity method investments, sales of goods and real estate, and services income, partially offset by a decrease in gains on sales of subsidiaries and equity method investments.

Segment assets increased 3% to ¥1,050,561 million compared to the end of the previous fiscal year primarily due to increases in equity method investments, goodwill, intangible assets acquired in business combinations, and property under facility operations, partially offset by a decrease in installment loans.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Change** | **Change** |
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Amount**<br>**(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | (4923) | 115772 | 120695 |  |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Assets | 1016175 | 1018777 | 2602 | 0 |

---

Segment profits increased by ¥120,695 million to ¥115,772 million compared to the previous fiscal year primarily due to increases in gains on sales of subsidiaries and equity method investments and gains on investment securities and dividends, and a decrease in write-downs of long-lived assets.

Segment assets totaled ¥1,018,777 million, remaining relatively unchanged compared to the end of the previous fiscal year primarily due to increases in investment in securities and advances for property under facility operations, partially offset by a decrease in equity method investments.

------

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Change** | **Change** |
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | 74399 | 102891 | 28492 | 38 |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Assets | 3009234 | 3198270 | 189036 | 6 |

---

Segment profits increased 38% to ¥102,891 million compared to the previous fiscal year primarily due to an increase in life insurance premiums and related investment income.

Segment assets increased 6% to ¥3,198,270 million compared to the end of the previous fiscal year primarily due to increases in reinsurance recoverables and investment in securities, partially offset by a decrease in cash and cash equivalents.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Change** | **Change** |
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | 29291 | 27212 | (2079) | (7) |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Assets | 3144571 | 3236799 | 92228 | 3 |

---

Segment profits decreased 7% to ¥27,212 million compared to the previous fiscal year primarily due to a decrease in gains on investment securities and dividends.

Segment assets increased 3% to ¥3,236,799 million compared to the end of the previous fiscal year primarily due to increases in installment loans and cash and cash equivalents, partially offset by a decrease in investment in securities.

------

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Change** | **Change** |
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | 67420 | 66608 | (812) | (1) |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Assets | 1231973 | 1211335 | (20638) | (2) |

---

Segment profits decreased 1% to ¥66,608 million compared to the previous fiscal year primarily due to an increase in selling, general and administrative expenses, and a decrease in equity in net income of equity method investments, partially offset by an increase in services income.

Segment assets decreased 2% to ¥1,211,335 million compared to the end of the previous fiscal year primarily due to decreases in investment in operating leases and installment loans, and cash and cash equivalents, partially offset by an increase in goodwill, intangible assets acquired in business combinations.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Change** | **Change** |
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | 39915 | 954 | (38961) | (98) |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Assets | 1593939 | 1940471 | 346532 | 22 |

---

Segment profits decreased 98% to ¥954 million compared to the previous fiscal year primarily due to increases in impairment of goodwill and intangible assets and selling, general and administrative expenses, a decrease in gains on sales of subsidiaries and equity method investments, and an increase in provision for credit losses, partially offset by an increase in gains on investment securities and dividends.

Segment assets increased 22% to ¥1,940,471 million compared to the end of the previous fiscal year due to an increase in goodwill, intangible assets acquired in business combinations as a result of a new acquisition of a subsidiary in the second quarter of fiscal 2026, and increases in installment loans and trade notes, accounts and other receivables.

------

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Change** | **Change** |
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | 44373 | 63051 | 18678 | 42 |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Assets | &nbsp;&nbsp;&nbsp;&nbsp;669306 | &nbsp;&nbsp;&nbsp;&nbsp;801175 | 131869 | 20 |

---

Segment profits increased 42% to ¥63,051 million compared to the previous fiscal year primarily due to increases in gains on sales of subsidiaries and equity method investments, and services income.

Segment assets increased 20% to ¥801,175 million compared to the end of the previous fiscal year primarily due to a general increase as a result of foreign exchange effects.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Change** | **Change** |
| | **Year ended**<br>**March 31, 2025**<br>**(millions of yen)** | **Year ended**<br>**March 31, 2026**<br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Profits | 34451 | 51249 | 16798 | 49 |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Change** | **Change** |
|  | **As of March 31, 2025** <br>**(millions of yen)** | **As of March 31, 2026** <br>**(millions of yen)** | **Amount**<br> **(millions of yen)** | **Percent** <br>**(%)** |
|  Segment Assets | 1725627 | 1865277 | 139650 | 8 |

---

Segment profits increased 49% to ¥51,249 million compared to the previous fiscal year primarily due to increases in equity in net income of equity method investments, and gains on sales of subsidiaries and equity method investments.

Segment assets increased 8% to ¥1,865,277 million compared to the end of the previous fiscal year primarily due to a general increase as a result of foreign exchange effects.

**Outlook and Forecast** 

In addition to the continued growth of our established businesses, we expect profit growth driven by the ongoing optimization of our business portfolio, and we will continue to pursue sustainable profit growth.

Effective April 1, 2026, we changed our operating segments used by our chief operating decision maker for allocating resources and assessing performance. Accordingly, segment information based on the new operating segment structure will be disclosed beginning in the first quarter of the fiscal year ending March 31, 2027.

Factors that could cause results that differ materially from those described in the 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.

------

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **As of March 31,**<br>**2025** | **As of March 31,**<br>**2026** | **Change** | **Change** |
|  |  | **As of March 31,**<br>**2025** | **As of March 31,**<br>**2026** | **Amount** | **Percent<br>(%)** |
|  Total Assets | (millions of yen) | 16866251 | 18002776 | 1136525 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Segment Assets) |  | 16456627 | 17435466 | 978839 | 6 |
|  Total Liabilities | (millions of yen) | 12691036 | 13378965 | 687929 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Short-term and Long-term Debt) |  | 6282798 | 6537994 | 255196 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Deposits) |  | 2449812 | 2625556 | 175744 | 7 |
|  Shareholders' Equity \*1 | (millions of yen) | 4089782 | 4482500 | 392718 | 10 |
|  Shareholders' Equity Per Share \*2 | (yen) | 3599.24 | 4080.24 | 481.00 | 13 |

---

\*1 Shareholders' Equity refers to 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 7% to ¥18,002,776 million compared to the end of the previous fiscal year primarily due to increases in investment in operating leases, cash and cash equivalents, installment loans and other assets (mainly reinsurance recoverables and goodwill). In addition, segment assets increased 6% to ¥17,435,466 million compared to the end of the previous fiscal year.

Total liabilities increased 5% to ¥13,378,965 million compared to the end of the previous fiscal year primarily due to increases in long-term debt and deposits.

Shareholders' equity increased 10% to ¥4,482,500 million compared to the end of the previous fiscal year.

**Summary of Cash Flows** 

Cash, cash equivalents and restricted cash increased by ¥129,116 million to ¥1,451,099 million compared to the end of the previous fiscal year.

Cash flows provided by operating activities were ¥1,369,567 million during the fiscal year, up from ¥1,300,193 million during the previous fiscal year. This change resulted primarily from an increase in net income and an increase in policy liabilities and policy account balances, excluding the impact of changes in policy liability discount rate.

Cash flows used in investing activities were ¥1,114,671 million during the fiscal year, down from ¥1,309,695 million during the previous fiscal year. This change resulted primarily from an increase in principal collected on installment loans and a decrease in purchases of available-for-sale debt securities.

Cash flows used in financing activities were ¥160,535 million during the fiscal year compared to the inflow of ¥149,322 million during the previous fiscal year. This change was primarily due to repayments of debt with maturities longer than three months exceeding the amounts of proceeds and a change from an increase to a decrease in call money, partially offset by a change from a decrease to an increase in debt with maturities of three months or less.

------

##### [**Table of Contents**](#toc)
**(3) Profit Distribution Policy and Dividends for the Fiscal Year Ended March 31, 2026 and the Fiscal Year Ending March 31, 2027** 

We aim to increase shareholder value by utilizing profits earned from business activities, to strengthen our business foundation and make investments for future growth. At the same time, we strive to make stable and sustainable distribution of dividends at a level in line with our business performance. In addition, with regards to the decision of whether to buy back our shares, we aim to act with flexibility and swiftness while considering various factors such as the business environment, share price trends, the soundness of our financial condition, and target performance indicators.

Based on this fundamental policy, the annual dividend for the fiscal year ended March 31, 2026 has been decided at 156.10 yen per share (the interim dividend paid was 93.76 yen per share and the year-end dividend has been decided at 62.34 yen per share). The payout ratio for the fiscal year ended March 31, 2026 was 39.0%. For the next fiscal year ending March 31, 2027, the annual dividend is forecasted at the higher of either payout ratio of 39.0% or 156.10 yen per share.

**(4) Risk Factors** 

With the announcement of our results for the fiscal year ended March 31, 2026, we believe no significant changes have arisen concerning "Risk Factors" as stated in our latest Form 20-F submitted to the U.S. Securities and Exchange Commission on June 24, 2025.

**2. Consideration in the Selection of Accounting Standard** 

We have been preparing our financial statements in accordance with U.S. GAAP. We believe that U.S. GAAP is the accounting standard that most appropriately reflects our business activities in our financial reporting.

Reporting in U.S. GAAP enables us to maintain consistency and comparability with past financial results and we believe that is beneficial to our stakeholders.

------

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

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

**(millions of yen)** 

---

| | | | |
|:---|:---|:---|:---|
| **Assets** | **Assets** | **As of March 31,<br>2025** | **As of March 31,<br>2026** |
|  Cash and Cash Equivalents | Cash and Cash Equivalents | 1206573 | 1334945 |
|  Restricted Cash | Restricted Cash | 115410 | 116154 |
|  Net Investment in Leases | Net Investment in Leases | 1167380 | 1247491 |
|  Installment Loans | Installment Loans | 4081019 | 4173582 |
| &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; March 31, 2026 | ¥78,020 million |  |  |
|  Allowance for Credit Losses | Allowance for Credit Losses | (56769) | (80194) |
|  Investment in Operating Leases | Investment in Operating Leases | 1967178 | 2152820 |
|  Investment in Securities | Investment in Securities | 3234547 | 3308829 |
| &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; March 31, 2026 | ¥39,796 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; March 31, 2026 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortized Cost | ¥3,403,138 million |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for Credit Losses | ¥(3505) million |  |  |
|  Property under Facility Operations | Property under Facility Operations | 771851 | 779075 |
|  Equity method investments | Equity method investments | 1320015 | 1306312 |
|  Trade Notes, Accounts and Other Receivable | Trade Notes, Accounts and Other Receivable | 411012 | 495905 |
|  Inventories | Inventories | 229229 | 269187 |
|  Office Facilities | Office Facilities | 191957 | 203169 |
|  Other Assets | Other Assets | 2226849 | 2695501 |
| &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; March 31, 2026 | ¥1,163 million |  |  |
|  **Total Assets** |  | 16866251 | 18002776 |
| **Liabilities and Equity** | **Liabilities and Equity** |  |  |
|  Short-term Debt | Short-term Debt | 549680 | 572235 |
|  Deposits | Deposits | 2449812 | 2625556 |
|  Trade Notes, Accounts and Other Payable | Trade Notes, Accounts and Other Payable | 339787 | 356008 |
|  Policy Liabilities and Policy Account Balances | Policy Liabilities and Policy Account Balances | 1948047 | 1943710 |
| &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; March 31, 2026 | ¥138,027 million |  |  |
|  Current and Deferred Income Taxes |  | 578781 | 687784 |
|  Long-term Debt |  | 5733118 | 5965759 |
|  Other Liabilities |  | 1091811 | 1227913 |
|  **Total Liabilities** | **Total Liabilities** | 12691036 | 13378965 |
|  **Redeemable Noncontrolling Interests** | **Redeemable Noncontrolling Interests** | 3432 | 50743 |
|  **Commitments and Contingent Liabilities** | **Commitments and Contingent Liabilities** |  |  |
|  Common Stock | Common Stock | 221111 | 221111 |
|  Additional Paid-in Capital | Additional Paid-in Capital | 234193 | 235239 |
|  Retained Earnings | Retained Earnings | 3354911 | 3502509 |
|  Accumulated Other Comprehensive Income | Accumulated Other Comprehensive Income | 341298 | 605110 |
|  Treasury Stock, at Cost | Treasury Stock, at Cost | (61731) | (81469) |
|  **Total ORIX Corporation Shareholders' Equity** | **Total ORIX Corporation Shareholders' Equity** | 4089782 | 4482500 |
|  **Noncontrolling Interests** | **Noncontrolling Interests** | 82001 | 90568 |
|  **Total Equity** | **Total Equity** | 4171783 | 4573068 |
|  **Total Liabilities and Equity** | **Total Liabilities and Equity** | 16866251 | 18002776 |

---

------

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

---

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

---

---

| | | |
|:---|:---|:---|
|  | **As of March 31,<br>2025** | **As of March 31,<br>2026** |
|  Accumulated Other Comprehensive Income (Loss) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net unrealized gains (losses) on investment in securities | (403914) | (618351) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impact of changes in policy liability discount rate | 416124 | 715382 |
| &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 | 242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Defined benefit pension plans | 14791 | 31953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation adjustments | 304657 | 469262 |
|  Net unrealized gains on derivative instruments | 9591 | 6622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 341298 | 605110 |

---

------

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

**(millions of yen)** 

---

| | | |
|:---|:---|:---|
|  | **Year ended**<br>**March 31, 2025** | **Year ended**<br>**March 31, 2026** |
| **Revenues :** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance revenues | 328356 | 365570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on investment securities and dividends | 14324 | 128948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Operating leases | 624444 | 641185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life insurance premiums and related investment income | 515259 | 640159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sales of goods and real estate | 373155 | 442586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Services income | 1019283 | 1112383 |
|  **Total Revenues** | 2874821 | 3330831 |
| **Expenses :** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | 169051 | 193889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costs of operating leases | 394821 | 411939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life insurance costs | 384753 | 479937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costs of goods and real estate sold | 271833 | 331988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Services expense | 604145 | 634329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other (income) and expense | 27128 | 58803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Selling, general and administrative expenses | 646054 | 711775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for credit losses | 18723 | 34017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-downs of long-lived assets | 25933 | 16242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-downs of securities | 554 | 1664 |
|  **Total Expenses** | 2542995 | 2874583 |
|  **Operating Income** | 331826 | 456248 |
|  Equity in Net Income of Equity method investments | 57182 | 123872 |
|  Gains on Sales of Subsidiaries and Equity method investments and Liquidation Losses, net | 87705 | 111311 |
|  Bargain Purchase Gain | 3750 | 0 |
|  **Income before Income Taxes** | 480463 | 691431 |
|  Provision for Income Taxes | 128828 | 233103 |
|  **Net Income** | 351635 | 458328 |
|  **Net Income (Loss) Attributable to the Noncontrolling Interests** | (389) | 11821 |
|  **Net Income (Loss) Attributable to the Redeemable Noncontrolling Interests** | 394 | (758) |
|  **Net Income Attributable to ORIX Corporation Shareholders** | 351630 | 447265 |

---

------

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

---

| | | |
|:---|:---|:---|
|  |<br>**Year Ended**<br>**March 31, 2025** | **(millions of yen)**<br>**Year Ended**<br>**March 31, 2026** |
|  **Net Income :** | 351635 | 458328 |
| &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 | (153108) | (214449) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impact of changes in policy liability discount rate | 158339 | 299258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change of debt valuation adjustments | (35) | 193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change of defined benefit pension plans | 5128 | 17167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change of foreign currency translation adjustments | (20060) | 171936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change of unrealized gains (losses) on derivative instruments | (6403) | (2840) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other comprehensive income (loss) | (16139) | 271265 |
|  **Comprehensive Income** | 335496 | 729593 |
|  **Comprehensive Income (Loss) Attributable to the Noncontrolling Interests** | (492) | 15771 |
|  **Comprehensive Income Attributable to the Redeemable Noncontrolling Interests** | 344 | 2773 |
|  **Comprehensive Income Attributable to ORIX Corporation Shareholders** | 335644 | 711049 |

---

------

##### [**Table of Contents**](#toc)
**(4) Condensed Consolidated Statements of Changes in Equity (Unaudited)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **(millions of yen)** | **(millions of yen)** | **(millions of yen)** | **(millions of yen)** | **(millions of yen)** | **(millions of yen)** | **(millions of yen)** | **(millions of yen)** |
|  | **ORIX Corporation Shareholders' Equity** | **ORIX Corporation Shareholders' Equity** | **ORIX Corporation Shareholders' Equity** | **ORIX Corporation Shareholders' Equity** | **ORIX Corporation Shareholders' Equity** | | | |
|  | **Common**<br>**Stock** | **Additional**<br>**Paid-in**<br>**Capital** | **Retained**<br>**Earnings** | **Accumulated Other**<br>**Comprehensive**<br>**Income (Loss)** | **Treasury**<br>**Stock** |<br>**Total ORIX**<br>**Corporation**<br>**Shareholders'**<br>**Equity** |<br>**Noncontrolling**<br>**Interests** |<br>**Total**<br>**Equity** |
|  **Balance at March 31, 2024** | 221111 | 233457 | 3259730 | 357148 | (129980) | 3941466 | 80499 | 4021965 |
|  Cumulative effect of adopting Accounting Standards Update 2023-02 |  |  | (157) |  |  | (157) | 0 | (157) |
|  **Balance at April 1, 2024** | 221111 | 233457 | 3259573 | 357148 | (129980) | 3941309 | 80499 | 4021808 |
|  Contribution to subsidiaries |  |  |  |  |  | 0 | 10736 | 10736 |
|  Transaction with noncontrolling interests |  | 83 |  | 136 |  | 219 | (7451) | (7232) |
|  Comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income (loss) |  |  | 351630 |  |  | 351630 | (389) | 351241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other comprehensive income (loss) |  |  |  |  |  |  |  |  |
| &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; Net change of unrealized gains (losses) on investment in securities |  |  |  | (153108) |  | (153108) | 0 | (153108) |
| &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; Impact of changes in policy liability discount rate |  |  |  | 158339 |  | 158339 | 0 | 158339 |
| &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; Net change of debt valuation adjustments |  |  |  | (35) |  | (35) | 0 | (35) |
| &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; Net change of defined benefit pension plans |  |  |  | 5121 |  | 5121 | 7 | 5128 |
| &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; Net change of foreign currency translation adjustments |  |  |  | (19687) |  | (19687) | (323) | (20010) |
| &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; Net change of unrealized gains (losses) on derivative instruments |  |  |  | (6616) |  | (6616) | 213 | (6403) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other comprehensive income (loss) |  |  |  |  |  | (15986) | (103) | (16089) |
|  Total comprehensive income (loss) |  |  |  |  |  | 335644 | (492) | 335152 |
|  Cash dividends |  |  | (135590) |  |  | (135590) | (1291) | (136881) |
|  Acquisition of treasury stock |  |  |  |  | (53518) | (53518) | 0 | (53518) |
|  Disposal of treasury stock |  | (654) |  |  | 917 | 263 | 0 | 263 |
|  Cancellation of treasury stock |  | (149) | (120702) |  | 120851 | 0 | 0 | 0 |
|  Other, net |  | 1456 |  |  | (1) | 1455 | 0 | 1455 |
|  **Balance at March 31, 2025** | 221111 | 234193 | 3354911 | 341298 | (61731) | 4089782 | 82001 | 4171783 |
|  Contribution to subsidiaries |  |  |  |  |  | 0 | 14457 | 14457 |
|  Transaction with noncontrolling interests |  | 344 |  | 28 |  | 372 | (13291) | (12919) |
|  Comprehensive income, net of tax: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income |  |  | 447265 |  |  | 447265 | 11821 | 459086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other comprehensive income (loss) |  |  |  |  |  |  |  |  |
| &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; Net change of unrealized gains (losses) on investment in securities |  |  |  | (214437) |  | (214437) | 0 | (214437) |
| &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; Impact of changes in policy liability discount rate |  |  |  | 299258 |  | 299258 | 0 | 299258 |
| &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; Net change of debt valuation adjustments |  |  |  | 193 |  | 193 | 0 | 193 |
| &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; Net change of defined benefit pension plans |  |  |  | 17162 |  | 17162 | 5 | 17167 |
| &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; Net change of foreign currency translation adjustments |  |  |  | 164577 |  | 164577 | 3816 | 168393 |
| &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; Net change of unrealized gains (losses) on derivative instruments |  |  |  | (2969) |  | (2969) | 129 | (2840) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other comprehensive income |  |  |  |  |  | 263784 | 3950 | 267734 |
|  **Total comprehensive income** |  |  |  |  |  | 711049 | 15771 | 726820 |
|  Cash dividends |  |  | (170803) |  |  | (170803) | (8370) | (179173) |
|  Acquisition of treasury stock |  |  |  |  | (150002) | (150002) | 0 | (150002) |
|  Disposal of treasury stock |  | (906) |  |  | 1264 | 358 | 0 | 358 |
|  Cancellation of treasury stock |  | (137) | (128864) |  | 129001 | 0 | 0 | 0 |
|  Other, net |  | 1745 |  |  | (1) | 1744 | 0 | 1744 |
|  **Balance at March 31, 2026** | 221111 | 235239 | 3502509 | 605110 | (81469) | 4482500 | 90568 | 4573068 |

---

Note: Changes in the redeemable noncontrolling interests are not included in the table.

------

##### [**Table of Contents**](#toc)
**(5) Condensed Consolidated Statements of Cash Flows (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **(millions of yen)** | **(millions of yen)** |
|  | **Year ended**<br>**March 31,<br>2025** | **Year ended**<br>**March 31,<br>2026** |
|  **Cash Flows from Operating Activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income | 351635 | 458328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 399527 | 404791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal payments received under net investment in leases | 495717 | 505410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for credit losses | 18723 | 34017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity in net income of equity method investments | (57182) | (123872) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on sales of subsidiaries and equity method investments and liquidation losses, net | (87705) | (111311) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bargain purchase gain | (3750) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Gains) Losses on sales of securities other than trading | 6772 | (679) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on sales of operating lease assets | (76633) | (70115) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-downs of long-lived assets | 25933 | 16242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-downs of securities | 554 | 1664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax provision | 23346 | 90387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Increase) Decrease in trading securities | 28487 | (6564) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase in inventories | (9839) | (39823) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Decrease (Increase) in trade notes, accounts and other receivable | (2641) | 4556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in trade notes, accounts and other payable | (3910) | 1065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase in policy liabilities and policy account balances | 268258 | 395623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in income taxes payable | (9232) | 25872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other, net | (67867) | (216024) |
| &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; Net cash provided by operating activities | 1300193 | 1369567 |
|  **Cash Flows from Investing Activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases of lease equipment | (1288608) | (1257360) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Originations of installment loans | (1506006) | (1639829) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal collected on installment loans | 1302302 | 1498876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales of operating lease assets | 373804 | 352491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in equity method investees, net | (64985) | (30922) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales of equity method investments | 95789 | 131813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases of available-for-sale debt securities | (700403) | (539889) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales of available-for-sale debt securities | 289170 | 341633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from redemption of available-for-sale debt securities | 257338 | 161241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases of equity securities other than trading | (76767) | (98026) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales of equity securities other than trading | 31594 | 141753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases of property under facility operations | (69064) | (75075) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisitions of subsidiaries, net of cash acquired | (89871) | (129036) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sales of subsidiaries, net of cash disposed | 111043 | 39696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other, net | 24969 | (12037) |
| &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; Net cash used in investing activities | (1309695) | (1114671) |
|  **Cash Flows from Financing Activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in debt with maturities of three months or less | (98621) | 55427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from debt with maturities longer than three months | 1549750 | 1210761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repayment of debt with maturities longer than three months | (1368479) | (1217574) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase in deposits due to customers | 204034 | 175554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash dividends paid to ORIX Corporation Shareholders | (135590) | (170803) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of treasury stock | (53518) | (150002) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contribution from noncontrolling interests | 3577 | 1350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases of shares of subsidiaries from noncontrolling interests | (521) | (585) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in call money | 50000 | (55000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other, net | (1310) | (9663) |
| &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; Net cash (used in) provided by financing activities | 149322 | (160535) |
|  Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | (3144) | 34755 |
|  Net increase in Cash, Cash Equivalents and Restricted Cash | 136676 | 129116 |
|  Cash, Cash Equivalents and Restricted Cash at Beginning of Year | 1185307 | 1321983 |
|  Cash, Cash Equivalents and Restricted Cash at End of Year | 1321983 | 1451099 |

---

------

##### [**Table of Contents**](#toc)
**(6) Assumptions for Going Concern** 

There is no corresponding item.

**(7) Segment Information (Unaudited)** 

The Group CEO, as the Chief Operating Decision Maker ("CODM"), regularly allocates management resources and assesses segment performance 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 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 fiscal 2025 and 2026 is as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** |
|  | **Fiscal Year ended March 31, 2025** | **Fiscal Year ended March 31, 2025** | **Fiscal Year ended March 31, 2025** | **Fiscal Year ended March 31, 2025** | **Fiscal Year ended March 31, 2025** | **Fiscal Year ended March 31, 2025** | **Fiscal Year ended March 31, 2025** |
|  | **Corporate<br>Financial<br>Services and<br>Maintenance<br>Leasing** | **Real<br>Estate** | **PE<br>Investment<br>and<br>Concession** | **Environment<br>and Energy** | **Insurance** | **Banking and<br>Credit** | **Aircraft and<br>Ships** |
|  Finance revenues | 63271 | 4860 | 12140 | 1402 | 280 | 60290 | 5769 |
|  Gains on investment securities and dividends | 2647 | 1282 | 851 | 3128 | 0 | 100 | (24) |
|  Operating leases | 282433 | 61321 | 42698 | 79 | 0 | 0 | 96856 |
|  Life insurance premiums and related investment income | 0 | 0 | 0 | 0 | 518084 | 0 | 0 |
|  Sales of goods and real estate | 4202 | 107859 | 252969 | 3307 | 0 | 0 | 852 |
|  Services income | 108146 | 322458 | 69273 | 178105 | (1) | 2914 | 16139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Segment Revenues** | 460699 | 497780 | 377931 | 186021 | 518363 | 63304 | 119592 |
|  Interest expense | 7306 | 2616 | 3833 | 13170 | 256 | 7184 | 20159 |
|  Costs of operating leases | 201286 | 24167 | 26389 | 18 | 0 | 0 | 40986 |
|  Life insurance costs | 0 | 0 | 0 | 0 | 384910 | 0 | 0 |
|  Costs of goods and real estate sold | 3335 | 89593 | 173652 | 1786 | 0 | 0 | 864 |
|  Services expense | 57372 | 264952 | 48890 | 136118 | 0 | 7590 | 6724 |
|  Other (income) and expense \* | 18305 | 1664 | 10622 | 446 | (110) | 40 | 68 |
|  Selling, general and administrative expenses | 89599 | 43405 | 88370 | 22582 | 58904 | 20822 | 11967 |
|  Provision for credit losses, and write-downs of long-lived assets and securities | 2199 | 3098 | 1743 | 20573 | 4 | (176) | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Segment Expenses** | 379402 | 429495 | 353499 | 194693 | 443964 | 35460 | 80771 |
|  Equity in Net income (Loss) of equity method investments and others | 9032 | 2256 | 74440 | 3749 | (0) | 1447 | 28599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Segment Profits** | 90329 | 70541 | 98872 | (4923) | 74399 | 29291 | 67420 |
|  Significant non-cash items: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 158166 | 18992 | 25053 | 33457 | 24219 | 571 | 30808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase in policy liabilities and policy account balances | 0 | 0 | 0 | 0 | 268258 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bargain purchase gain | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment of goodwill and intangible assets | 0 | 0 | 11149 | 0 | 0 | 0 | 0 |
|  Expenditures for long-lived assets | 211006 | 78824 | 14594 | 50720 | 116 | 20 | 300251 |
|  | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** |  |  |  |
|  | **Fiscal Year ended March 31, 2025** | **Fiscal Year ended March 31, 2025** | **Fiscal Year ended March 31, 2025** | **Fiscal Year ended March 31, 2025** |  |  |  |
|  | **ORIX USA** | **ORIX<br>Europe** | **Asia and<br>Australia** | **Total** |  |  |  |
|  Finance revenues | 102627 | 4077 | 74961 | 329677 |  |  |  |
|  Gains on investment securities and dividends | 119 | 4408 | 1933 | 14444 |  |  |  |
|  Operating leases | 861 | 0 | 135169 | 619417 |  |  |  |
|  Life insurance premiums and related investment income | 0 | 0 | 0 | 518084 |  |  |  |
|  Sales of goods and real estate | 543 | 0 | 751 | 370483 |  |  |  |
|  Services income | 50078 | 248782 | 23406 | 1019300 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Segment Revenues** | 154228 | 257267 | 236220 | 2871405 |  |  |  |
|  Interest expense | 40016 | 665 | 41761 | 136966 |  |  |  |
|  Costs of operating leases | 1496 | 0 | 97249 | 391591 |  |  |  |
|  Life insurance costs | 0 | 0 | 0 | 384910 |  |  |  |
|  Costs of goods and real estate sold | 307 | 0 | 684 | 270221 |  |  |  |
|  Services expense | 2823 | 66446 | 14710 | 605625 |  |  |  |
|  Other (income) and expense \* | (3382) | 4231 | (5654) | 26230 |  |  |  |
|  Selling, general and administrative expenses | 95406 | 138859 | 44342 | 614256 |  |  |  |
|  Provision for credit losses, and write-downs of long-lived assets and securities | 7669 | 115 | 9983 | 45211 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Segment Expenses** | 144335 | 210316 | 203075 | 2475010 |  |  |  |
|  Equity in Net income (Loss) of equity method investments and others | 30022 | (2578) | 1306 | 148273 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Segment Profits** | 39915 | 44373 | 34451 | 544668 |  |  |  |
|  Significant non-cash items: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 2687 | 6234 | 93705 | 393892 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase in policy liabilities and policy account balances | 0 | 0 | 0 | 268258 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bargain purchase gain | 0 | 0 | 3750 | 3750 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment of goodwill and intangible assets | 1175 | 1971 | 0 | 14295 |  |  |  |
|  Expenditures for long-lived assets | 2326 | 1143 | 177320 | 836320 |  |  |  |

---

\* Other (income) and expense includes items such as expenses of taxes and insurance premiums related to finance leases, impairment of goodwill and intangible assets, gains and losses on derivatives, and foreign exchange gains and losses.

------

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** |
|  | **Fiscal Year ended March 31, 2026** | **Fiscal Year ended March 31, 2026** | **Fiscal Year ended March 31, 2026** | **Fiscal Year ended March 31, 2026** | **Fiscal Year ended March 31, 2026** | **Fiscal Year ended March 31, 2026** | **Fiscal Year ended March 31, 2026** |
|  | **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 | 68600 | 5052 | 15243 | 11938 | 141 | 78903 | 3853 |
|  Gains on investment securities and dividends | 1639 | 953 | 1861 | 20553 | 0 | (5348) | 272 |
|  Operating leases | 301626 | 52300 | 36441 | 89 | 0 | 0 | 102827 |
|  Life insurance premiums and related investment income | 0 | 0 | 0 | 0 | 642904 | 0 | 0 |
|  Sales of goods and real estate | 4689 | 126074 | 301345 | 3311 | 0 | 0 | 1093 |
|  Services income | 111288 | 346522 | 87063 | 173340 | 0 | 2884 | 21971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Segment Revenues** | 487842 | 530901 | 441953 | 209231 | 643045 | 76439 | 130016 |
|  Interest expense | 12025 | 5721 | 5321 | 15499 | 545 | 19809 | 19386 |
|  Costs of operating leases | 211610 | 24962 | 23331 | 20 | 0 | 0 | 46309 |
|  Life insurance costs | 0 | 0 | 0 | 0 | 480603 | 0 | 0 |
|  Costs of goods and real estate sold | 3778 | 108329 | 212658 | 2050 | 0 | 0 | 1120 |
|  Services expense | 61398 | 275837 | 59934 | 131543 | 0 | 7399 | 8268 |
|  Other (income) and expense \* | 18505 | (2512) | (3460) | (5158) | (3) | (89) | (1527) |
|  Selling, general and administrative expenses | 88127 | 46996 | 92620 | 26037 | 58979 | 23854 | 15328 |
|  Provision for credit losses, and write-downs of long-lived assets and securities | 3348 | 878 | 8044 | 6772 | 30 | 188 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Segment Expenses** | 398791 | 460211 | 398448 | 176763 | 540154 | 51161 | 88888 |
|  Equity in Net income (Loss) of equity method investments and others | 11689 | 7819 | 82106 | 83304 | (0) | 1934 | 25480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Segment Profits** | 100740 | 78509 | 125611 | 115772 | 102891 | 27212 | 66608 |
|  Significant non-cash items: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 168128 | 19797 | 20049 | 32268 | 20121 | (766) | 32231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase in policy liabilities and policy account balances | 0 | 0 | 0 | 0 | 395623 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bargain purchase gain | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment of goodwill and intangible assets | 0 | 0 | 1092 | 3614 | 0 | 0 | 0 |
|  Expenditures for long-lived assets | 237759 | 65955 | 16874 | 59772 | 513 | 155 | 230164 |
|  | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** |  |  |  |
|  | **Fiscal Year ended March 31, 2026** | **Fiscal Year ended March 31, 2026** | **Fiscal Year ended March 31, 2026** | **Fiscal Year ended March 31, 2026** |  |  |  |
|  | **ORIX USA** | **ORIX Europe** | **Asia and<br>Australia** | **Total** |  |  |  |
|  Finance revenues | 106559 | 3360 | 73492 | 367141 |  |  |  |
|  Gains on investment securities and dividends | 89425 | 13869 | 5830 | 129054 |  |  |  |
|  Operating leases | 2670 | 0 | 139189 | 635142 |  |  |  |
|  Life insurance premiums and related investment income | 0 | 0 | 0 | 642904 |  |  |  |
|  Sales of goods and real estate | 2535 | 0 | 482 | 439529 |  |  |  |
|  Services income | 71030 | 273857 | 24421 | 1112376 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Segment Revenues** | 272219 | 291086 | 243414 | 3326146 |  |  |  |
|  Interest expense | 52997 | 687 | 38177 | 170167 |  |  |  |
|  Costs of operating leases | 2851 | 0 | 99936 | 409019 |  |  |  |
|  Life insurance costs | 0 | 0 | 0 | 480603 |  |  |  |
|  Costs of goods and real estate sold | 1659 | 0 | 407 | 330001 |  |  |  |
|  Services expense | 1947 | 72084 | 15898 | 634308 |  |  |  |
|  Other (income) and expense \* | 51322 | 4586 | (1050) | 60614 |  |  |  |
|  Selling, general and administrative expenses | 123875 | 157595 | 46707 | 680118 |  |  |  |
|  Provision for credit losses, and write-downs of long-lived assets and securities | 25342 | 148 | 7169 | 51923 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Segment Expenses** | 259993 | 235100 | 207244 | 2816753 |  |  |  |
|  Equity in Net income (Loss) of equity method investments and others | (11272) | 7065 | 15079 | 223204 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Segment Profits** | 954 | 63051 | 51249 | 732597 |  |  |  |
|  Significant non-cash items: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 2779 | 7039 | 97337 | 398983 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase in policy liabilities and<br> policy account balances | 0 | 0 | 0 | 395623 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bargain purchase gain | 0 | 0 | 0 | 0 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment of goodwill and intangible assets | 52738 | 0 | 0 | 57444 |  |  |  |
|  Expenditures for long-lived assets | 4328 | 655 | 187015 | 803190 |  |  |  |

---

\* Other (income) and expense includes items such as expenses of taxes and insurance premiums related to finance leases, impairment of goodwill and intangible assets, gains and losses on derivatives, and foreign exchange gains and losses.

------

##### [**Table of Contents**](#toc)
Segment information as of March 31, 2025 and 2026 is as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **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 |  |  |  |

---

\* Other assets include cash and cash equivalents, restricted cash, allowance for credit losses, trade notes, accounts and other receivables, office facilities, loans to ORIX and its subsidiaries, and reinsurance recoverables.

------

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **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, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |
|  | **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<br>and Credit** | **Aircraft<br>and Ships** |
|  Net investment in leases | 577187 | 38903 | 1510 | 1638 | 0 | 0 | 12372 |
|  Installment loans | 393442 | 14 | 13102 | 6004 | 15191 | 2685320 | 17078 |
|  Investment in operating leases | 609965 | 369596 | 45398 | 241 | 25457 | 0 | 590639 |
|  Investment in securities | 31876 | 9363 | 10905 | 142410 | 2288116 | 166331 | 2217 |
|  Property under facility operations and servicing assets | 42088 | 153861 | 74886 | 496063 | 0 | 0 | 24 |
|  Inventories | 384 | 218937 | 44370 | 3401 | 0 | 0 | 826 |
|  Advances for finance lease and operating lease | 7106 | 50332 | 1 | 0 | 0 | 0 | 28431 |
|  Equity method investments | 8481 | 214196 | 239127 | 10291 | 46002 | 44544 | 410193 |
|  Advances for property under facility operations | 5 | 8136 | 3996 | 115763 | 0 | 0 | 0 |
|  Goodwill, intangible assets acquired in business combinations | 24450 | 48750 | 352682 | 117197 | 4452 | 0 | 55804 |
|  Other assets \* | 181911 | 123818 | 264584 | 125769 | 819052 | 340604 | 93751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Segment Assets** | 1876895 | 1235906 | 1050561 | 1018777 | 3198270 | 3236799 | 1211335 |
|  | **Millions of yen** | **Millions of yen** | **Millions of yen** | **Millions of yen** |  |  |  |
|  | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |  |  |  |
|  | **ORIX USA** | **ORIX<br>Europe** | **Asia and<br>Australia** | **Total** |  |  |  |
|  Net investment in leases | 433 | 0 | 615351 | 1247394 |  |  |  |
|  Installment loans | 757103 | 0 | 286330 | 4173584 |  |  |  |
|  Investment in operating leases | 39605 | 0 | 463491 | 2144392 |  |  |  |
|  Investment in securities | 503966 | 114919 | 38289 | 3308392 |  |  |  |
|  Property under facility operations and servicing assets | 82749 | 0 | 2028 | 851699 |  |  |  |
|  Inventories | 699 | 0 | 267 | 268884 |  |  |  |
|  Advances for finance lease and operating lease | 0 | 0 | 4210 | 90080 |  |  |  |
|  Equity method investments | 65577 | 6005 | 261415 | 1305831 |  |  |  |
|  Advances for property under facility operations | 0 | 0 | 0 | 127900 |  |  |  |
|  Goodwill, intangible assets acquired in business combinations | 297167 | 393782 | 7098 | 1301382 |  |  |  |
|  Other assets \* | 193172 | 286469 | 186798 | 2615928 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Segment Assets** | 1940471 | 801175 | 1865277 | 17435466 |  |  |  |

---

\* Other assets include cash and cash equivalents, restricted cash, allowance for credit losses, trade notes, accounts and other receivables, office facilities, loans to ORIX and its subsidiaries, and reinsurance recoverables.

------

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

---

| | | |
|:---|:---|:---|
|  | **Millions of yen** | **Millions of yen** |
|  | **Fiscal Year ended<br>March 31, 2025** | **Fiscal Year ended<br>March 31, 2026** |
|  Segment revenues: |  |  |
|  Total revenues for segments | 2871405 | 3326146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenues related to corporate assets | 64628 | 84865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenues from inter-segment transactions | (61212) | (80180) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total consolidated revenues | 2874821 | 3330831 |
|  Segment profits: |  |  |
|  Total profits for segments | 544668 | 732597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate profits (losses) | (64475) | (52821) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income attributable to the noncontrolling interests and net income attributable to the redeemable noncontrolling interests | 270 | 11655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total consolidated income before income taxes | 480463 | 691431 |

---

**(8) Per Share Data (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | $nan<br>**Year ended**<br>**March 31, 2025** | $nan<br>**Year ended**<br>**March 31, 2026** |
|  | | **(millions of yen)** |
|  Net Income Attributable to ORIX Corporation Shareholders | 351630 | 447265 |
|  Adjustment to Net Income | (35) | (96) |
|  Net income used to calculate basic earnings per share | 351595 | 447169 |
|  Adjustment to Net Income | 35 | 96 |
|  Net income used to calculate diluted earnings per share | 351630 | 447265 |
|  |  | **(thousands of shares)** |
|  Weighted-average shares | 1142503 | 1117160 |
|  Effect of Dilutive Securities - Stock compensation | 2275 | 2692 |
|  Weighted-average shares for diluted EPS computation | 1144778 | 1119852 |
|  |  | **(yen)** |
|  Earnings per share for net income attributable to ORIX Corporation Shareholders |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic | 307.74 | 400.27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted | 307.16 | 399.40 |
|  |  | **(yen)** |
|  Shareholders' equity per share | 3599.24 | 4080.24 |

---

Note : In the fiscal years ended March 31, 2025 and 2026, there was no stock compensation which was antidilutive.

------

##### [**Table of Contents**](#toc)
**(9) Changes in Significant Basis of Preparation of Consolidated Financial Statements** 

**Significant Accounting Policies** 

**(Adoption of New Accounting Standards)** 

There are no significant changes from the description in our latest Form 20-F submitted to the U.S. Securities and Exchange Commission on June 24, 2025.

**(10) Notes to Consolidated Financial Statements** 

**(Subsequent Events)** 

On April 27, 2026, the Company entered into a share transfer agreement with Daiwa Next Bank, Ltd. to transfer all shares in ORIX Bank Corporation, a consolidated subsidiary of the Company (hereinafter, the "Target"). Pursuant to this agreement, the share transfer is scheduled to be completed by October 2026, and upon the completion of the transfer, the Target will be excluded from the Company's scope of consolidation. The Target is included in the Banking and Credit segment, and as the transfer is expected to be completed during the fiscal year ending March 31, 2027, the Company expects to record a net gain of approximately ¥124.2 billion on a pre-tax basis in connection with the transfer in the consolidated financial statements for that fiscal year.

------

##### [**Table of Contents**](#toc)
![LOGO](g111950g0511105647313.jpg)

**Notice Regarding Repurchase of Own Shares** 

TOKYO, Japan - May 11, 2026 - ORIX Corporation ("ORIX") announced today that its Board of Directors passed a resolution approving the matters required under Article 156, Paragraph 1 of the Companies Act for the repurchase of its own shares for the purpose of enhancing capital efficiency and shareholder returns, pursuant to Article 34 of the Articles of Incorporation, which is in accordance with Article 459, Paragraph 1 of the Companies Act, as follows.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Class of shares to be repurchased: Common shares

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Total number of shares: Up to 100,000,000 shares

(approx.9.1% of the total outstanding shares (excluding treasury shares))

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Total purchase price of shares to be repurchased: Up to 250 billion yen

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Repurchase Period: From May 22, 2026 to March 31, 2027

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Method of share repurchase: Market purchases based on the discretionary dealing contract regarding
repurchase of own shares

(Reference)

1. Policies for Share Cancellation

At the Board of Directors meeting held on May 12, 2025, ORIX approved a policy regarding the cancellation of its own shares under which, in principle, ORIX shall maintain a total number of its own shares at a maximum of 2% of the total number of issued shares and shall cancel the shares exceeding such amount. The actual number of shares to be cancelled will be announced after completion of the repurchase stated above.

2. Status of Treasury Shares as of March 31, 2026

Total outstanding shares (excluding treasury shares): 1,101,621,922 shares

Treasury shares: 22,484,702 shares\*

\* The Company's shares held through the Board Incentive Plan Trust (3,035,102 shares) are not included in the number of treasury shares.

**Contact Information:** 

Investor Relations 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 37,000 people. ORIX Group unites globally around its Purpose: "Finding Paths. Making Impact." combining diverse expertise and innovative thinking to help our world develop in a sustainable way.

For more details, please visit our website: <u>https://www.orix.co.jp/grp/en/</u>

(As of March 31, 2026)

**Caution Concerning Forward-Looking Statements:** 

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 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 the United 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, 2024 – March 31, 2025" furnished on Form 6-K.

------

##### [**Table of Contents**](#toc)
![LOGO](g111950g0511105152906.jpg)

**Announcement Regarding Dividend for the Fiscal Year Ended March 31, 2026 and Annual Dividend Forecast for the Fiscal Year Ending March 31, 2027** 

TOKYO, Japan - May 11, 2026 - ORIX Corporation ("ORIX") announced today that its Board of Directors passed a resolution approving the details relating to the expected dividend for the fiscal year ended March 31, 2026. The final amount of the said dividend will be determined by the Board of Directors to be held on May 18, 2026. The annual dividend forecast for the fiscal year ending March 31, 2027 is also included in this announcement as below.

**<u>1. Dividend Detail for the Fiscal Year Ended March 31, 2026</u>**

Regarding the year-end dividend for the fiscal year ended March 31, 2026, we have decided a dividend per share of 62.34 yen based on the dividend policy announced on May 12, 2025. As a result of that, an annual dividend per share becomes 156.10 yen.

---

| | | | |
|:---|:---|:---|:---|
|  | Amount Decided | Previous Dividend Forecast | Dividend Paid for the<br>Fiscal Year Ended<br>March 31, 2025 |
|  Record Date | March 31, 2026 | March 31, 2026 | March 31, 2025 |
|  Dividend Per Share<br> (Annual) | 62.34 yen<br> (156.10 yen) | — <br> (120.01 yen) \* | 57.84 yen<br> (120.01 yen) |
|  Total Dividend Amount<br> (Annual) | 68,675 million yen<br> (173,558 million yen) |  | 65,920 million yen<br> (137,104 million yen) |
|  Effective Date | June 3, 2026 |  | June 4, 2025 |
|  Source of Dividend | Retained earnings |  | Retained earnings |

---

\* As announced in the release titled "Announcement Regarding Interim Dividend and Revisions to Consolidated Earnings Forecast and Year-end Dividend Forecast for the Fiscal Year Ending March 31, 2026" dated November 12, 2025, the annual dividend for the fiscal year ended March 31, 2026 will be determined based on either a dividend payout ratio of 39% or an annual dividend per share of 120.01 yen, whichever is higher. In the above, the minimum dividend has been stated. 

------

##### [**Table of Contents**](#toc)
**<u>2. Annual Dividend Forecast for the Fiscal Year Ending March 31, 2027</u>**

---

| | | | |
|:---|:---|:---|:---|
| | **Dividend Per Share** | **Dividend Per Share** | **Dividend Per Share** |
| | **Interim** | **Fiscal Year-End** | **Total** |
|  Dividend Forecast |  |  | 187.36 yen\* |

---

\* With regard to the dividend forecast for the fiscal year ending March 31, 2027, the annual dividend is expected to be the higher of an amount equivalent to a dividend payout ratio of 39% or an annual dividend of ¥156.10 per share. The table above presents the forecast of annual dividends per share assuming that net income attributable to ORIX Corporation shareholders for the fiscal year ending March 31, 2027 is ¥530,000 million, as stated in "3. Forecast for the Year Ending March 31, 2027 (Unaudited) " of the Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (U.S. GAAP). Dividends per share is calculated based on the number of issued shares excluding treasury shares and may fluctuate due to an increase in treasury shares resulting from share repurchases. 

**Contact Information:** 

Investor Relations 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 37,000 people. ORIX Group unites globally around its Purpose: "Finding Paths. Making Impact." combining diverse expertise and innovative thinking to help our world develop in a sustainable way.

For more details, please visit our website: <u>https://www.orix.co.jp/grp/en/</u>

(As of March 31, 2026)

**Caution Concerning Forward-Looking Statements:** 

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 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 the United 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, 2024 – March 31, 2025" furnished on Form 6-K.

------

##### [**Table of Contents**](#toc)
![LOGO](g111950g0511105647313.jpg)

**Announcement Regarding Management Changes** 

Tokyo, Japan - May 11, 2026 - ORIX Corporation ("ORIX") announced today that it decided on the management changes. The management changes are scheduled to be finalized at the 63<sup>rd</sup> Annual General Meeting of Shareholders and the Board of Directors meeting on June 23, 2026.

∎ **Management Changes (Effective as of June 23, 2026)** 

---

| | | |
|:---|:---|:---|
| **New Position** | **Present Position** | **Name** |
| Member of the Board of Directors<br> Senior Managing Executive Officer<br> Chief Operating Officer, Infrastructure Business Unit | Senior Managing Executive Officer<br> Chief Operating Officer, Infrastructure Business Unit | Shuji Irie |
| Member of the Board of Directors<br> Senior Managing Executive Officer,<br> Chief Financial Officer and<br> Chief Strategy Officer<br> Responsible for Corporate Strategy and Management Unit | Senior Managing Executive Officer,<br> Chief Financial Officer and<br> Chief Strategy Officer<br> Responsible for Corporate Strategy and Management Unit | Masataka Yamada |
| Member of the Board of Directors (Outside Director) | (Newly nominated) | Akiko Hosokawa |
| Senior Managing Executive Officer<br> Global General Counsel<br> Responsible for Legal and Compliance Unit | Member of the Board of Directors<br> Senior Managing Executive Officer<br> Global General Counsel<br> Responsible for Legal and Compliance Unit | Stan Koyanagi |
| Retire | Member of the Board of Directors (Outside Director) | Aiko Sekine |

---

**Contact Information:** 

Investor Relations 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 37,000 people. ORIX Group unites globally around its Purpose: "Finding Paths. Making Impact." combining diverse expertise and innovative thinking to help our world develop in a sustainable way.

For more details, please visit our website: <u>https://www.orix.co.jp/grp/en/</u>

(As of March 31, 2026)

**Caution Concerning Forward Looking Statements:** 

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 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 the United 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, 2024 – March 31, 2025" furnished on Form 6-K.

------

##### [**Table of Contents**](#toc)
![LOGO](g111950g0511105647313.jpg)

**Announcement Regarding Candidates for Member of the Board of Directors and Member Composition of the Three Committees of ORIX Corporation** 

TOKYO, Japan - May 11, 2026 - ORIX Corporation ("ORIX") announced today that the Nominating Committee has decided on the candidates for Members of the Board of Directors. The nominations are scheduled to be finalized at the 63<sup>rd</sup> Annual General Meeting of Shareholders of the Company on June 23, 2026.

The Company announced that it decided on the composition of the Nominating, Audit and Compensation Committees in the Board of Directors meeting held today. All members of the Nominating, Audit and Compensation Committees are composed of outside directors. The nominations are scheduled to be finalized at the Board of Directors meeting after the 63<sup>rd</sup> Annual General Meeting of Shareholders of the Company on June 23, 2026.

Candidates for the 10 Members of the Board of Directors positions (including 6 Outside Directors) are as follows:

---

| | |
|:---|:---|
| Hidetake Takahashi<br> Satoru Matsuzaki<br> Shuji Irie (newly nominated)<br> Masataka Yamada (newly nominated) | Hiroshi Watanabe (Outside Director)<br> Chikatomo Hodo (Outside Director)<br> Noriyuki Yanagawa (Outside Director)<br> Mami Yunoki (Outside Director)<br> Miwa Seki (Outside Director)<br> Akiko Hosokawa (Outside Director, newly nominated) |

---

**<u>Details on Candidates for New Member of the Board of Directors</u>**

**Shuji Irie** (Born March 14, 1963)

---

| | |
|:---|:---|
| May.2001 | Joined Mizuho Securities Co., Ltd. (retired in April 2011) |
| Apr.2011 | Joined ORIX Corporation<br> Deputy Head of Investment Banking Headquarters |
| Sep.2011 | Deputy Head of Investment and Operation Headquarters |
| Jan.2013 | Executive Officer<br> Deputy Head of Investment and Operation Headquarters |
| Jan.2014 | Head of Investment and Operation Headquarters |
| Jan.2016 | Managing Executive Officer<br> Head of Investment and Operation Headquarters<br> Responsible for Concession Business Development Department |
| Jun.2018 | Member of the Board of Directors, Managing Executive Officer<br> Head of Investment and Operation Headquarters |
| Jan.2020 | Member of the Board of Directors, Senior Managing Executive Officer<br> Head of Investment and Operation Headquarters |
| Jan.2024 | Responsible for Investment and Operation Headquarters |
| Jun.2024 | Advisor |
| Jan.2026 | Senior Managing Executive Officer (present position)<br>Responsible for Infrastructure Business Unit<br>Responsible for Concession Business Development Department |
| Apr.2026 | Chief Operating Officer, Infrastructure Business Unit (present position) |

---

------

##### [**Table of Contents**](#toc)
*Basis for candidacy for appointment as a Member of the Board of Directors* 

Mr. Shuji Irie is a candidate for a new Member of the Board of Directors. He has a wealth of experience and advanced knowledge relating to the diversified business activities of the ORIX Group through his business execution experience in the fields of real estate, environment and energy, aircraft and ships, and investment and operation business.

The Nominating Committee has appointed him as a new candidate for Member of the Board of Directors because it has determined he can be expected to fulfil a substantial role, including highly effective supervision of the Company's management given that he possesses extensive understanding of the Company's operations.

**Masataka Yamada** (Born March 4, 1972)

---

| | |
|:---|:---|
| Apr.1996 | Joined JPMorgan Securities Japan Co., Ltd. |
| Feb.2015 | Head of Japan Investment Banking Division, JPMorgan Securities Japan Co., Ltd. (retired in January 2026) |
| Feb.2026 | Joined ORIX Corporation<br>Senior Adviser<br>Assistant to CEO |
| Apr.2026 | Senior Managing Executive Officer (present position)<br> Chief Financial Officer and Chief Strategy Officer (present position)<br> Responsible for Corporate Strategy and Management Unit (present position) |

---

*Basis for candidacy for appointment as a Member of the Board of Directors* 

Mr. Masataka Yamada is a candidate for a new Member of the Board of Directors. He has wide-ranging experience and knowledge in finance and capital policy and corporate growth strategy through his past experience as Head of Japan Investment Banking Division of JPMorgan Securities Japan Co., Ltd. Moreover, at the Company, he has a wealth of experience and advanced knowledge relating to the diversified business activities of the ORIX Group through his service as Chief Financial Officer and Chief Strategy Officer.

The Nominating Committee has appointed him as a new candidate for Member of the Board of Directors because it has determined he can be expected to fulfil a substantial role, including highly effective supervision of the Company's management by utilizing his wealth of knowledge and experience, etc., gained from inside and outside the Company.

**<u>Details on Candidates for New Member of the Board of Directors (Outside Director)</u>**

**Akiko Hosokawa** (Born September 12, 1966)

---

| | |
|:---|:---|
| Apr.1989 | Joined Nippon Life Insurance Company (retired in March 1993) |
| Apr.1997 | Attorney at Law, admitted in Japan (Tokyo Bar Association)<br> Joined Tokyo Aoyama Law Office (currently Baker & McKenzie (Gaikokuho Joint Enterprise)) |
| Aug.2002 | Seconded to Baker & McKenzie LLP |
| Dec.2003 | Attorney at Law, admitted in New York (New York State Bar Association) |
| Jul.2006 | Partner of Tokyo Aoyama Aoki Law Office (currently Baker & McKenzie (Gaikokuho Joint Enterprise)) (retired in June 2024) |
| Jun.2024 | Joined Atsumi & Sakai as a partner (present position) |
| Jun.2025 | Member of the Board of Directors (Outside Director), DKK Co., Ltd. (present position) |

---

*Basis for candidacy for appointment as a Member of the Board of Directors (Outside Director)* 

Ms. Akiko Hosokawa is a candidate for a new Member of the Board of Directors (Outside Director). She served as a partner at Tokyo Aoyama Aoki Law Office (currently Baker & McKenzie (Gaikokuho Joint Enterprise)) and at Atsumi & Sakai. She has extensive knowledge as a professional in financial transactions and relevant financial regulatory laws and regulations.

------

##### [**Table of Contents**](#toc)
The Nominating Committee has appointed her as a candidate for a new Member of the Board of Directors (Outside Director) because it has determined she can be expected to fulfil a substantial role, including highly effective supervision of the Company's management by utilizing her wealth of knowledge and experience, etc., from an independent and objective standpoint.

**<u>Details on Candidates for Member of the Board of Directors (Outside Director)</u>**

**Hiroshi Watanabe** (Born June 26, 1949)

---

| | |
|:---|:---|
| Apr.1972 | Joined Ministry of Finance |
| Jan.2003 | Director-General, International Bureau, Ministry of Finance |
| Jul.2004 | Vice Minister of Finance for International Affairs, Ministry of Finance (retired in July 2007) |
| Oct.2007 | Special Advisor, Japan Center for International Finance (retired in September 2008) |
| Apr.2008 | Professor, Graduate School of Commerce and Management at Hitotsubashi University (currently Graduate School of Business Administration at Hitotsubashi University) (retired in September 2008) |
| Oct.2008 | Deputy Governor, Japan Finance Corporation (retired in March 2012) |
| Apr.2012 | Deputy Governor, Japan Bank for International Cooperation |
| Dec.2013 | Governor, Japan Bank for International Cooperation (retired in June 2016) |
| Oct.2016 | President, Institute for International Monetary Affairs (retired in June 2025) |
| Jun.2020 | Member of the Board of Directors (Outside Director), ORIX Corporation (present position) |
| Apr.2025 | Visiting professor, Faculty of Business Administration at Tokyo Seitoku University (present position) |

---

*Basis for candidacy for appointment as a Member of the Board of Directors (Outside Director)* 

Mr. Hiroshi Watanabe is a candidate for Member of the Board of Directors (Outside Director). He served successively in key positions at Ministry of Finance, Japan and Governor of Japan Bank for International Cooperation and served as President of Institute for International Monetary Affairs. He has a wealth of knowledge and experience as a finance and economic expert both in Japan and overseas, as well as wide-ranging experience and knowledge of corporate management.

Currently as Chairperson of the Nominating Committee, he has played a leading role in deliberating on the composition of the Board of Directors and Executive Officers appropriate for the Company's business development, as well as on the succession plan, and actively expressed his opinions and made proposals.

The Nominating Committee has appointed him as a candidate for Member of the Board of Directors (Outside Director) because it has determined he can be expected to continue to fulfil a substantial role, including highly effective supervision of the Company's management by utilizing his wealth of knowledge and experience, etc., from an independent and objective standpoint.

------

##### [**Table of Contents**](#toc)
**Chikatomo Hodo** (Born July 31, 1960)

---

| | |
|:---|:---|
| Sep.1982 | Joined Arthur Andersen & Co. (currently Accenture Japan Ltd.) |
| Sep.2005 | Representative Director, Accenture Japan Ltd. |
| Apr.2006 | Representative Director and President, Accenture Japan Ltd. |
| Sep.2015 | Director and Chairman, Accenture Japan Ltd. (retired in August 2017) |
| Sep.2017 | Director and Senior Corporate Advisor, Accenture Japan Ltd. (retired as a Director in June 2018) |
| Jul.2018 | Senior Corporate Advisor, Accenture Japan Ltd. (retired in August 2021) |
| Jun.2021 | Member of the Board of Directors (Outside Director), ORIX Corporation (present position) |
| Jun.2023 | Member of the Board of Directors (Outside Director), Sumitomo Mitsui Banking Corporation (present position) |

---

*Basis for candidacy for appointment as a Member of the Board of Directors (Outside Director)* 

Mr. Chikatomo Hodo is a candidate for Member of the Board of Directors (Outside Director). He served as a Representative Director and President of Accenture Japan Ltd. He has wide-ranging experience and knowledge in corporate management and digital business.

Currently as Chairperson of the Compensation Committee, he has played a leading role in deliberating on the compensation system and compensation levels for Directors and Executive Officers in order to enhance their function as a medium- and long-term incentives, including considerations of executive compensation linked to performance indicators such as consolidated ROE, and actively expressed his opinions and made proposals.

The Nominating Committee has appointed him as a candidate for Member of the Board of Directors (Outside Director) because it has determined he can be expected to continue to fulfil a substantial role, including highly effective supervision of the Company's management by utilizing his wealth of knowledge and experience, etc., from an independent and objective standpoint.

**Noriyuki Yanagawa** (Born April 23, 1963)

---

| | |
|:---|:---|
| Apr.1993 | Specialized Teacher, Faculty of Economics at Keio University |
| Apr.1996 | Assistant Professor, Graduate School of Economics at the University of Tokyo |
| Apr.2007 | Associate Professor, Graduate School of Economics at the University of Tokyo |
| Dec.2011 | Professor, Graduate School of Economics at the University of Tokyo (present position) |
| Jun.2022 | Member of the Board of Directors (Outside Director), ORIX Corporation (present position) |

---

*Basis for candidacy for appointment as a Member of the Board of Directors (Outside Director)* 

Mr. Noriyuki Yanagawa is a candidate for Member of the Board of Directors (Outside Director). He currently serves as Professor at the Graduate School of Economics at the University of Tokyo, and he has served on government and institutional advisory councils related to finance and economic affairs in Japan. He specializes in financial contracts, law and economics, and has a wealth of knowledge and experience as a financial economics expert.

He has actively expressed his opinions and made proposals during deliberations at meetings of the Board of Directors and the Nominating Committee, using his expertise in corporate strategy based on deep academic understanding.

The Nominating Committee has appointed him as a candidate for Member of the Board of Directors (Outside Director) because it has determined he can be expected to continue to fulfil a substantial role, including highly effective supervision of the Company's management by utilizing his wealth of knowledge and experience, etc., from an independent and objective standpoint.

------

##### [**Table of Contents**](#toc)
**Mami Yunoki** (Born May 27, 1963)

---

| | |
|:---|:---|
| May.1985 | Joined Aoyama Audit Corporation |
| Mar.1988 | Certified as Public Accountant, Japan |
| Sep.2006 | Joined PricewaterhouseCoopers Aarata (currently PricewaterhouseCoopers Japan LLC) |
| Jul.2008 | Partner of PricewaterhouseCoopers Aarata (currently PricewaterhouseCoopers Japan LLC) |
| Jul.2016 | Member of the firm management committee and executive officer in charge of the manufacturing, distribution, and services divisions of PricewaterhouseCoopers Aarata LLC (currently PricewaterhouseCoopers Japan LLC) |
|  | Member of the Examination Board on Strengthening of Financial Functions, Financial Services Agency (retired in December 2025) |
| Sep.2019 | Partner of the manufacturing, distribution, and services divisions of PricewaterhouseCoopers Aarata LLC (currently PricewaterhouseCoopers Japan LLC) (retired in June 2023) |
| Sep.2020 | Part-time lecturer at the Graduate School of Hitotsubashi University (present position) |
| Jul.2023 | Representative, Mami Yunoki Certified Public Accountant Office (present position) |
| Mar.2024 | Outside Audit & Supervisory Board Member, Chugai Pharmaceutical Co., Ltd. (present position) |
| Jun.2024 | Member of the Board of Directors (Outside Director), Daiwa Securities Group Inc. (present position) |
| Jun.2025 | Member of the Board of Directors (Outside Director), ORIX Corporation (present position) |

---

*Basis for candidacy for appointment as a Member of the Board of Directors (Outside Director)* 

Ms. Mami Yunoki is a candidate for Member of the Board of Directors (Outside Director). She served as a partner at PricewaterhouseCoopers Aarata (currently PricewaterhouseCoopers Japan LLC) and an executive officer in charge of the manufacturing, distribution, and services divisions at PricewaterhouseCoopers Aarata LLC (currently PricewaterhouseCoopers Japan LLC). She has extensive knowledge as a professional in financial accounting and auditing.

She has actively expressed her opinions and made proposals during deliberations at meetings of the Board of Directors and the Audit Committee from diverse perspectives, including accounting and finance.

The Nominating Committee has appointed her as a candidate for Member of the Board of Directors (Outside Director) because it has determined she can be expected to continue to fulfil a substantial role, including highly effective supervision of the Company's management by utilizing her wealth of knowledge and experience, etc., from an independent and objective standpoint.

**Miwa Seki** (Born February 25, 1965)

---

| | |
|:---|:---|
| Apr.1988 | Joined DENTSU INC. (retired in March 1989) |
| Apr.1989 | Joined Smith Barney (retired in July 1991) |
| Sep.1993 | Joined Morgan Stanley (retired in January 1997) |
| Feb.1997 | Joined Clay Finlay Limited |
| Jan.2000 | Founder and President, Mei Corporation Y.K. (retired in August 2013) |
| Jan.2003 | General Manager, Tokyo Branch, Clay Finlay Limited (retired in August 2007) |
| Apr.2015 | Associate Professor, Faculty of Foreign Studies at Kyorin University (retired in March 2021) |
| Jun.2020 | Member of the Board of Directors (Outside Director), Daiwa House Industry Co., Ltd. (present position) |
| May.2021 | General Partner, MPower Partners Fund L.P. (present position) |
| Jun.2025 | Member of the Board of Directors (Outside Director), ORIX Corporation (present position) |

---

------

##### [**Table of Contents**](#toc)
*Basis for candidacy for appointment as a Member of the Board of Directors (Outside Director)* 

Ms. Miwa Seki is a candidate for Member of the Board of Directors (Outside Director). She served as head of Japan at a foreign financial institution and is currently a general partner of an ESG-focused investment fund. She has wide-ranging experience and knowledge in finance, business investment and ESG-related matters.

She has actively expressed her opinions and made proposals during deliberations at meetings of the Board of Directors, the Compensation Committee and the Audit Committee using her expertise in finance and business investment.

The Nominating Committee has appointed her as a candidate for Member of the Board of Directors (Outside Director) because it has determined she can be expected to continue to fulfil a substantial role, including highly effective supervision of the Company's management by utilizing her wealth of knowledge and experience, etc., from an independent and objective standpoint.

**Nominating Committee** 

3 Members (Outside Directors: 3)

Chairperson: Chikatomo Hodo

Members: Hiroshi Watanabe and Miwa Seki

**Audit Committee** 

3 Members (Outside Directors: 3)

Chairperson: Mami Yunoki

Members: Hiroshi Watanabe and Miwa Seki

**Compensation Committee** 

3 Members (Outside Directors: 3)

Chairperson: Noriyuki Yanagawa

Members: Chikatomo Hodo and Akiko Hosokawa

**Contact Information:** 

Investor Relations 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 37,000 people. ORIX Group unites globally around its Purpose: "Finding Paths. Making Impact." combining diverse expertise and innovative thinking to help our world develop in a sustainable way.

For more details, please visit our website: <u>https://www.orix.co.jp/grp/en/</u>

(As of March 31, 2026)

**Caution Concerning Forward Looking Statements:** 

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 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 the United 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, 2024 – March 31, 2025" furnished on Form 6-K.

------

##### [**Table of Contents**](#toc)
![LOGO](g111950g0511105152906.jpg)

**Notice Concerning Partial Amendment to Articles of Incorporation** 

TOKYO, Japan - May 11, 2026 - ORIX Corporation ("ORIX") announced today that it resolved at a meeting of its Board of Directors held on May 11, 2026 to submit two proposals for "Partial Amendments to ORIX's Articles of Incorporation" as agenda items at the 63rd Annual General Meeting of Shareholders to be held on June 23, 2026, as detailed below.

1. Reasons for Amendment

Proposal No. 1 (Purposes)

In order to reflect more accurately the current business activities of ORIX and its subsidiaries and to clarify its business scope, ORIX proposes to amend Article 2 (Purpose) of ORIX's current Articles of Incorporation by revising item (5), adding item (13), deleting item (21), and making other related changes, including changes to item numbering.

Proposal No. 2 (a "virtual-only" shareholders' meeting)

As a result of the enforcement of the Act for Partially Amending the Industrial Competitiveness Enhancement Act and Other Related Acts (Act No. 70 of 2021), listed companies are now permitted, subject to certain conditions, to hold a shareholders' meeting without a designated physical location (a "virtual-only" shareholders' meeting), at which shareholders may attend by means such as the Internet without a physical venue, by providing therefor in their articles of incorporation.

In light of large-scale disasters including infectious diseases and natural disasters, as well as the ongoing digitalization of society as a whole, ORIX believes that expanding the range of available formats for holding shareholders' meetings will serve the interests of its shareholders. Accordingly, ORIX proposes to add paragraph 2 to Article 11 of its current Articles of Incorporation.

With respect to the determination of the format for each shareholders' meeting, the Board of Directors will, on each occasion, carefully deliberate and resolve the matter, giving due consideration to the interests and rights of shareholders and taking into account the circumstances surrounding ORIX and its shareholders at that time.

In connection with this amendment, ORIX has obtained confirmation from the Minister of Economy, Trade and Industry and the Minister of Justice that it satisfies the requirements prescribed by the relevant ordinances of the Ministry of Economy, Trade and Industry and the Ministry of Justice.

------

##### [**Table of Contents**](#toc)
2. Details of the Amendment

The changes are as follows.

Proposal No. 1

(changes are underlined)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;Current Articles of Incorporation | Proposed amendments |
| &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article 2 (Purpose)<br> The purpose of the Company shall be to engage in the following businesses:<br>(1)~(4) [Omitted]<br> (5) financial instruments and exchange business, financial instruments broker business, banking, trust and insurance business, <u>advisory service business relating to investment in commodities,</u> trust agreement agency business and <u>credit management and collection business</u>;<br> (6)~(12) [Omitted]<br> &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;&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;[New]<br>(<u>13</u>) trading of emission rights for greenhouse gases and other various subjects;<br> (<u>14</u>)~(<u>19</u>) [Omitted]<br> (<u>20</u>) transport business;<br> (21) <u>mining of various minerals, and the manufacture and sale of the products in relation thereto;</u><br> (22)~(25) [Omitted] | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article 2 (Purpose)<br> The purpose of the Company shall be to engage in the following businesses:<br> (1)~(4) [No Change]<br> (5) financial instruments and exchange business, financial instruments broker business, banking, trust and insurance business, <u>and</u> trust agreement agency business;<br>(6)~(12) [No Change]<br> (13) <u>Manufacture, sale, and collection of various plastic products, materials, recycled raw materials, recycled products, etc.;</u><br> (<u>14</u>) trading of emission rights for greenhouse gases and other various subjects;<br> (<u>15</u>)~(<u>20</u>) [No Change]<br> (<u>21</u>) transport business;<br> &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Delete]<br>(22)~(25) [No Change] |

---

Proposal No. 2

(changes are underlined)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;Current Articles of Incorporation | Proposed amendments |
| &nbsp;&nbsp;&nbsp;Article 11 (Holding of General Meeting of Shareholders) | Article 11 (Holding of General Meeting of Shareholders) |
| &nbsp;&nbsp; <br> An annual General Meeting of Shareholders shall be convened within a certain term following the end of each fiscal year and held in June of each year, and an extraordinary General Meeting of Shareholders shall be held at any time whenever necessary. | &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[No Change] |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [New]<br>| <br> <u>2. The Company may hold a General Meeting of Shareholders without designating a physical location.</u> |

---

------

##### [**Table of Contents**](#toc)
3. Date of Amendment of Articles of Incorporation

The amendments shall be effective on and from June 23, 2026.

**Contact Information:** 

Investor Relations 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 37,000 people. ORIX Group unites globally around its Purpose: "Finding Paths. Making Impact." combining diverse expertise and innovative thinking to help our world develop in a sustainable way.

For more details, please visit our website: <u>https://www.orix.co.jp/grp/en/</u>

(As of March 31, 2026)

**Caution Concerning Forward-Looking Statements:** 

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 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 the United 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, 2024 – March 31, 2025" furnished on Form 6-K.