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ORIX (8591) investor relations material

ORIX Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary9 Feb, 2026

Executive summary

  • Net income for the nine months ended December 31, 2025, reached JPY 389.7 billion, up 43% year-over-year, achieving 89% of the full-year forecast and marking a record high for the period.

  • Pre-tax profits rose to JPY 567.7 billion, an increase of 184.3 billion year-over-year, with all finance, operation, and investment segments contributing to growth.

  • Total revenues for the nine months rose 12% year-over-year to JPY 2,408.9 billion, driven by investment securities gains, dividends, and higher life insurance premiums and service income.

  • Share buyback program expanded to JPY 150 billion, with 85% completed by end of January 2026.

  • Comprehensive income increased 132% year-over-year to JPY 771.8 billion.

Financial highlights

  • Segment profits for the nine-month period increased 40% year-over-year to JPY 596.4 billion, with 7 of 10 segments showing profit growth.

  • Capital gains from divestments totaled JPY 196.6 billion, including a JPY 95.0 billion gain from the Greenko sale.

  • Total assets increased to JPY 18,125.6 billion, up JPY 1,259.4 billion from March 31, 2025, mainly due to the consolidation of Hilco Global and growth in insurance and banking assets.

  • Shareholders' equity rose 12% to JPY 4,584.9 billion, with a ratio of 25.3%.

  • Basic earnings per share rose to JPY 347.14 from JPY 237.46 year-over-year.

Outlook and guidance

  • No change to the full-year net income forecast of JPY 440 billion, with management focused on sustainable growth, capital efficiency, and timely actions based on business plan and medium-term outlook.

  • Progressed 89% toward the revised full-year net income target of JPY 440 billion.

  • Management targets ROE of 11% by FY28.3 and 15% by FY35.3, with net income of JPY 1 trillion as a long-term goal.

  • Annual dividend per share expected to be the higher of a 39% payout ratio or JPY 120.01, with a potential increase to JPY 153.67 if net income reaches JPY 440 billion.

  • Cautious stance maintained for certain segments, especially Elawan and real estate, with ongoing project-by-project reviews.

Employed capital ratio change impact on strategy?
Kansai Airport downside: mitigation strategies?
ORIX USA/Elawan challenges: impact on investment appetite?
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Frequently asked questions

ORIX Corporation is a diversified financial services group that operates across a wide range of sectors, including leasing, asset management, investment banking, insurance, and renewable energy. The company provides leasing and financing services for various assets, such as equipment, vehicles, and real estate. It also offers life insurance, banking services, and manages investment funds. In addition, ORIX is involved in infrastructure projects, including renewable energy developments, as well as environmental and energy-related businesses. The company is headquartered in Tokyo, Japan, and its shares are listed on the NYSE.

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