v3.26.1
Segment Information
 12 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information
32. Segment Information
The Group CEO, who is the Company’s
Chief Operating Decision Maker (“CODM”)
, regularly reviews the amounts equivalent to income before income taxes attributable to ORIX Corporation Shareholders for each business segment with available financial information in order to allocate resources and assess performance.
Based on our business management organization which is classified by the nature of major products and services, customer base, regulations, and business areas, our business is organized into ten operating segments: Corporate Financial Services and Maintenance Leasing, Real Estate, PE Investment and Concession, Environment and Energy, Insurance, Banking and Credit, Aircraft and Ships, ORIX USA, ORIX Europe, and Asia and Australia.
 
 
An overview of operations for each of the ten 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 those described in Note 1 “Significant Accounting and Reporting Policies” 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.
 
 
Segment information for fiscal 2024, 2025 and 2026 is as follows:
 
   
Millions of yen
  
   
Fiscal Year ended March 31, 2024
  
   
Corporate
Financial
Services and
Maintenance
Leasing
    
Real
Estate
    
PE
Investment
and
Concession
    
Environment
and Energy
    
Insurance
    
Banking and
Credit
    
Aircraft and
Ships
  
Finance revenues
   ¥ 61,428     ¥ 6,134     ¥ 6,679     ¥ 1,478     ¥ 300     ¥ 80,653     ¥ 7,769  
Gains on investment securities and dividends
     2,626       857       1,207       1,784       0       600       (130 ) 
Operating leases
     266,871       50,205       41,529       79       0       0       48,074  
Life insurance premiums and related investment income
     0       0       0       0       561,533       0       0  
Sales of goods and real estate
     3,934       111,013       249,085       3,771       0       0       97  
Services income
     110,100       303,483       80,668       158,486       2,036       7,321       9,381  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total Segment Revenues
     444,959       471,692       379,168       165,598       563,869       88,574       65,191  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Interest expense
     5,418       3,016       2,978       11,093       14       5,302       11,596  
Costs of operating leases
     192,850       24,972       26,244       18       0       0       18,853  
Life insurance costs
     0       0       0       0       433,827       0       0  
Costs of goods and real estate sold
     3,234       90,931       168,404       2,236       0       0       96  
Services expense
     58,896       248,195       58,677       110,106       0       6,254       1,783  
Other (income) and expense *
     14,896       722       (2,330 )      (4,633 )      98       (306 )      (3,600 ) 
Selling, general and administrative expenses
     88,621       41,542       89,864       18,670       59,309       32,886       10,345  
Provision for credit losses, and write-downs of long-lived assets and securities
     960       1,285       366       151       (2 )      4,064       3  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total Segment Expenses
     364,875       410,663       344,203       137,641       493,246       48,200       39,076  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Equity in Net income (Loss) of equity method investments and others
     3,160       6,026       9,002       10,115       203       56,979       18,251  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Segment Profits
     83,244       67,055       43,967       38,072       70,826       97,353       44,366  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Significant
non-cash
items:
              
Depreciation and amortization
     153,208       18,376       26,644       23,975       17,138       1,821       20,366  
Increase in policy liabilities and policy account balances
     0       0       0       0       186,193       0       0  
Bargain purchase gain
     0       0       0       0       0       0       0  
Impairment of goodwill and intangible assets
     0       0       0       0       0       0       0  
Expenditures for long-lived assets
     184,794       57,828       20,345       54,959       350       12       174,525  
 
 
   
Millions of yen
  
   
Fiscal Year ended March 31, 2024
  
   
ORIX USA
    
ORIX Europe
    
Asia and
Australia
    
Total
  
Finance revenues
   ¥ 112,545     ¥ 2,409     ¥ 70,836     ¥ 350,231  
Gains on investment securities and dividends
     6,446       10,711       7,885       31,986  
Operating leases
     1,225       0       122,624       530,607  
Life insurance premiums and related investment income
     0       0       0       561,533  
Sales of goods and real estate
     602       0       425       368,927  
Services income
     52,608       214,031       23,523       961,637  
 
 
 
    
 
 
    
 
 
    
 
 
  
Total Segment Revenues
     173,426       227,151       225,293       2,804,921  
 
 
 
    
 
 
    
 
 
    
 
 
  
Interest expense
     47,466       289       35,737       122,909  
Costs of operating leases
     547       0       90,336       353,820  
Life insurance costs
     0       0       0       433,827  
Costs of goods and real estate sold
     310       0       400       265,611  
Services expense
     4,331       54,224       15,039       557,505  
Other (income) and expense *
     (2,078 )      2,666       (1,490 )      3,945  
Selling, general and administrative expenses
     85,483       130,496       41,558       598,774  
Provision for credit losses, and write-downs of long-lived assets and securities
     7,937       217       8,027       23,008  
 
 
 
    
 
 
    
 
 
    
 
 
  
Total Segment Expenses
     143,996       187,892       189,607       2,359,399  
 
 
 
    
 
 
    
 
 
    
 
 
  
Equity in Net income (Loss) of equity method investments and others
     (1,499 )      2,379       11,383       115,999  
 
 
 
    
 
 
    
 
 
    
 
 
  
Segment Profits
     27,931       41,638       47,069       561,521  
 
 
 
    
 
 
    
 
 
    
 
 
  
Significant
non-cash
items:
        
Depreciation and amortization
     2,872       7,003       87,422       358,825  
Increase in policy liabilities and policy account balances
     0       0       0       186,193  
Bargain purchase gain
     0       0       0       0  
Impairment of goodwill and intangible assets
     0       0       0       0  
Expenditures for long-lived assets
     184       388       171,184       664,569  
 
*
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.
 
 
 
   
Millions of yen
  
   
Fiscal Year ended March 31, 2025
  
   
Corporate
Financial
Services and
Maintenance
Leasing
    
Real
Estate
    
PE
Investment
and
Concession
    
Environment
and Energy
    
Insurance
    
Banking and
Credit
    
Aircraft and
Ships
  
Finance revenues
   ¥ 63,271     ¥ 4,860     ¥ 12,140     ¥ 1,402     ¥ 280     ¥ 60,290     ¥ 5,769  
Gains on investment securities and dividends
     2,647       1,282       851       3,128       0       100       (24 ) 
Operating leases
     282,433       61,321       42,698       79       0       0       96,856  
Life insurance premiums and related investment income
     0       0       0       0       518,084       0       0  
Sales of goods and real estate
     4,202       107,859       252,969       3,307       0       0       852  
Services income
     108,146       322,458       69,273       178,105       (1 )      2,914       16,139  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total Segment Revenues
     460,699       497,780       377,931       186,021       518,363       63,304       119,592  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Interest expense
     7,306       2,616       3,833       13,170       256       7,184       20,159  
Costs of operating leases
     201,286       24,167       26,389       18       0       0       40,986  
Life insurance costs
     0       0       0       0       384,910       0       0  
Costs of goods and real estate sold
     3,335       89,593       173,652       1,786       0       0       864  
Services expense
     57,372       264,952       48,890       136,118       0       7,590       6,724  
Other (income) and expense *
     18,305       1,664       10,622       446       (110 )      40       68  
Selling, general and administrative expenses
     89,599       43,405       88,370       22,582       58,904       20,822       11,967  
Provision for credit losses, and write-downs of long-lived assets and securities
     2,199       3,098       1,743       20,573       4       (176 )      3  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total Segment Expenses
     379,402       429,495       353,499       194,693       443,964       35,460       80,771  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Equity in Net income (Loss) of equity method investments and others
     9,032       2,256       74,440       3,749       (0 )      1,447       28,599  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Segment Profits
     90,329       70,541       98,872       (4,923 )      74,399       29,291       67,420  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Significant
non-cash
items:
              
Depreciation and amortization
     158,166       18,992       25,053       33,457       24,219       571       30,808  
Increase in policy liabilities and policy account balances
     0       0       0       0       268,258       0       0  
Bargain purchase gain
     0       0       0       0       0       0       0  
Impairment of goodwill and intangible assets
     0       0       11,149       0       0       0       0  
Expenditures for long-lived assets
     211,006       78,824       14,594       50,720       116       20       300,251  
 
 
   
Millions of yen
  
   
Fiscal Year ended March 31, 2025
  
   
ORIX USA
    
ORIX Europe
    
Asia and
Australia
    
Total
  
Finance revenues
   ¥ 102,627     ¥ 4,077     ¥ 74,961     ¥ 329,677  
Gains on investment securities and dividends
     119       4,408       1,933       14,444  
Operating leases
     861       0       135,169       619,417  
Life insurance premiums and related investment income
     0       0       0       518,084  
Sales of goods and real estate
     543       0       751       370,483  
Services income
     50,078       248,782       23,406       1,019,300  
 
 
 
    
 
 
    
 
 
    
 
 
  
Total Segment Revenues
     154,228       257,267       236,220       2,871,405  
 
 
 
    
 
 
    
 
 
    
 
 
  
Interest expense
     40,016       665       41,761       136,966  
Costs of operating leases
     1,496       0       97,249       391,591  
Life insurance costs
     0       0       0       384,910  
Costs of goods and real estate sold
     307       0       684       270,221  
Services expense
     2,823       66,446       14,710       605,625  
Other (income) and expense *
     (3,382 )      4,231       (5,654 )      26,230  
Selling, general and administrative expenses
     95,406       138,859       44,342       614,256  
Provision for credit losses, and write-downs of long-lived assets and securities
     7,669       115       9,983       45,211  
 
 
 
    
 
 
    
 
 
    
 
 
  
Total Segment Expenses
     144,335       210,316       203,075       2,475,010  
 
 
 
    
 
 
    
 
 
    
 
 
  
Equity in Net income (Loss) of equity method investments and others
     30,022       (2,578 )      1,306       148,273  
 
 
 
    
 
 
    
 
 
    
 
 
  
Segment Profits
     39,915       44,373       34,451       544,668  
 
 
 
    
 
 
    
 
 
    
 
 
  
Significant
non-cash
items:
        
Depreciation and amortization
     2,687       6,234       93,705       393,892  
Increase in policy liabilities and policy account balances
     0       0       0       268,258  
Bargain purchase gain
     0       0       3,750       3,750  
Impairment of goodwill and intangible assets
     1,175       1,971       0       14,295  
Expenditures for long-lived assets
     2,326       1,143       177,320       836,320  
 
*
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.
 
 
   
Millions of yen
  
   
Fiscal Year ended March 31, 2026
  
   
Corporate
Financial
Services and
Maintenance
Leasing
    
Real
Estate
    
PE
Investment
and
Concession
    
Environment
and Energy
    
Insurance
    
Banking and
Credit
    
Aircraft and
Ships
  
Finance revenues
   ¥ 68,600     ¥ 5,052     ¥ 15,243     ¥ 11,938     ¥ 141     ¥ 78,903     ¥ 3,853  
Gains on investment securities and dividends
     1,639       953       1,861       20,553       0       (5,348 )     272  
Operating leases
     301,626       52,300       36,441       89       0       0       102,827  
Life insurance premiums and related investment income
     0       0       0       0       642,904       0       0  
Sales of goods and real estate
     4,689       126,074       301,345       3,311       0       0       1,093  
Services income
     111,288       346,522       87,063       173,340       0       2,884       21,971  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total Segment Revenues
     487,842       530,901       441,953       209,231       643,045       76,439       130,016  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Interest expense
     12,025       5,721       5,321       15,499       545       19,809       19,386  
Costs of operating leases
     211,610       24,962       23,331       20       0       0       46,309  
Life insurance costs
     0       0       0       0       480,603       0       0  
Costs of goods and real estate sold
     3,778       108,329       212,658       2,050       0       0       1,120  
Services expense
     61,398       275,837       59,934       131,543       0       7,399       8,268  
Other (income) and expense *
     18,505       (2,512 )     (3,460 )     (5,158 )     (3 )     (89 )     (1,527 )
 
Selling, general and administrative expenses
     88,127       46,996       92,620       26,037       58,979       23,854       15,328  
Provision for credit losses, and write-downs of long-lived assets and securities
     3,348       878       8,044       6,772       30       188       4  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total Segment Expenses
     398,791       460,211       398,448       176,763       540,154       51,161       88,888  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Equity in Net income (Loss) of equity method investments and others
     11,689       7,819       82,106       83,304       (0 )     1,934       25,480  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Segment Profits
     100,740       78,509       125,611       115,772       102,891       27,212       66,608  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Significant
non-cash
items:		              
Depreciation and amortization
     168,128       19,797       20,049       32,268       20,121       (766 )      32,231  
Increase in policy liabilities and policy account balances
     0       0       0       0       395,623       0       0  
Bargain purchase gain
     0       0       0       0       0       0       0  
Impairment of goodwill and intangible assets
     0       0       1,092       3,614       0       0       0  
Expenditures for long-lived assets
     237,759       65,955       16,874       59,772       513       155       230,164  
 
 
 
 
Millions of yen
 
 
 
Fiscal Year ended March 31, 2026
 
 
 
ORIX USA
 
 
ORIX Europe
 
 
Asia and
Australia
 
 
Total
 
Finance revenues
   ¥ 106,559     ¥ 3,360     ¥ 73,492     ¥ 367,141  
Gains on investment securities and dividends
     89,425       13,869       5,830       129,054  
Operating leases
     2,670       0       139,189       635,142  
Life insurance premiums and related investment income
     0       0       0       642,904  
Sales of goods and real estate
     2,535       0       482       439,529  
Services income
     71,030       273,857       24,421       1,112,376  
 
 
 
    
 
 
    
 
 
    
 
 
  
Total Segment Revenues
     272,219       291,086       243,414       3,326,146  
 
 
 
    
 
 
    
 
 
    
 
 
  
Interest expense
     52,997       687       38,177       170,167  
Costs of operating leases
     2,851       0       99,936       409,019  
Life insurance costs
     0       0       0       480,603  
Costs of goods and real estate sold
     1,659       0       407       330,001  
Services expense
     1,947       72,084       15,898       634,308  
Other (income) and expense *
     51,322       4,586       (1,050 )     60,614  
Selling, general and administrative expenses
     123,875       157,595       46,707       680,118  
Provision for credit losses, and write-downs of long-lived assets and securities
     25,342       148       7,169       51,923  
 
 
 
    
 
 
    
 
 
    
 
 
  
Total Segment Expenses
     259,993       235,100       207,244       2,816,753  
 
 
 
    
 
 
    
 
 
    
 
 
  
Equity in Net income (Loss) of equity method investments and others
     (11,272 )     7,065       15,079       223,204  
 
 
 
    
 
 
    
 
 
    
 
 
  
Segment Profits
     954       63,051       51,249       732,597  
 
 
 
    
 
 
    
 
 
    
 
 
  
Significant
non-cash
items:		        
Depreciation and amortization
     2,779       7,039       97,337       398,983  
Increase in policy liabilities and policy account balances
     0       0       0       395,623  
Bargain purchase gain
     0       0       0       0  
Impairment of goodwill and intangible assets
     52,738       0       0       57,444  
Expenditures for long-lived assets
     4,328       655       187,015       803,190  
 
*
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.
 
 
Segment information as of March 31, 2024, 2025 and 2026 is as follows:
 
   
Millions of yen
  
   
As of March 31, 2024
  
   
Corporate
Financial
Services and
Maintenance
Leasing
    
Real Estate
    
PE
Investment
and
Concession
    
Environment
and Energy
    
Insurance
    
Banking and
Credit
    
Aircraft and
Ships
  
Net investment in leases
   ¥ 567,735     ¥ 51,978     ¥ 1,238     ¥ 3,104     ¥ 0     ¥ 0     ¥ 0  
Installment loans
     346,840       52       115,629       2,255       11,792       2,378,183       60,468  
Investment in operating leases
     535,655       278,191       56,286       250       26,876       0       557,867  
Investment in securities
     36,683       4,036       36,729       571       2,236,495       311,237       11,960  
Property under facility operations and servicing assets
     17,404       165,387       41,416       453,252       0       0       0  
Inventories
     928       174,990       47,553       2,463       0       0       733  
Advances for finance lease and operating lease
     3,400       114,649       5       0       0       0       9,232  
Equity method investments
     14,984       143,751       118,310       219,018       29,742       43,601       399,061  
Advances for property under facility operations
     0       8,183       4,466       44,962       0       0       0  
Goodwill, intangible assets acquired in business combinations *1
     28,693       52,898       351,202       121,174       4,452       0       19,114  
Other assets *2
     224,998       115,972       293,813       129,385       612,570       201,196       111,206  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Segment Assets
     1,777,320       1,110,087       1,066,647       976,434       2,921,927       2,934,217       1,169,641  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
   
Millions of yen
  
   
As of March 31, 2024
  
   
ORIX USA
    
ORIX Europe
    
Asia and
Australia
    
Total
  
Net investment in leases
   ¥ 505     ¥ 0     ¥ 530,426     ¥ 1,154,986  
Installment loans
     699,384       0       343,936       3,958,539  
Investment in operating leases
     9,858       0       395,573       1,860,556  
Investment in securities
     509,172       82,568       33,520       3,262,971  
Property under facility operations and servicing assets
     79,747       0       1,849       759,055  
Inventories
     159       0       224       227,050  
Advances for finance lease and operating lease
     0       0       3,017       130,303  
Equity method investments
     61,415       11,907       271,682       1,313,471  
Advances for property under facility operations
     0       0       0       57,611  
Goodwill, intangible assets acquired in business combinations *1
     176,785       364,773       7,313       1,126,404  
Other assets *2
     157,459       202,891       121,693       2,171,183  
 
 
 
    
 
 
    
 
 
    
 
 
  
Segment Assets
     1,694,484       662,139       1,709,233       16,022,129  
 
 
 
    
 
 
    
 
 
    
 
 
  
 
*1.
In ORIX USA segment, there are no goodwill or intangible assets acquired in business combinations related to noncontrolling interests or redeemable noncontrolling interests.
 
In ORIX Europe segment, goodwill and intangible assets acquired in business combinations related to noncontrolling interests amount to ¥7,182 million, and there are no goodwill or intangible assets related to redeemable noncontrolling interests.
*2.
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.
 
 
   
Millions of yen
  
   
As of March 31, 2025
  
   
Corporate
Financial
Services and
Maintenance
Leasing
    
Real Estate
    
PE
Investment
and
Concession
    
Environment
and Energy
    
Insurance
    
Banking and
Credit
    
Aircraft and
Ships
  
Net investment in leases
   ¥ 569,380     ¥ 45,810     ¥ 1,640     ¥ 2,092     ¥ 0     ¥ 0     ¥ 0  
Installment loans
     424,370       30       124,411       3,609       12,805       2,511,736       36,119  
Investment in operating leases
     557,625       311,377       46,796       237       26,167       0       599,813  
Investment in securities
     29,690       6,209       6,117       32,032       2,234,453       305,441       9,387  
Property under facility operations and servicing assets
     43,857       175,153       53,832       487,241       0       0       28  
Inventories
     433       182,652       41,021       2,551       0       0       1,588  
Advances for finance lease and operating lease
     6,177       78,044       3       0       0       0       27,816  
Equity method investments
     16,375       177,956       148,274       170,946       35,865       43,934       402,567  
Advances for property under facility operations
     143       7,401       728       70,081       0       0       0  
Goodwill, intangible assets acquired in business combinations *1
     25,268       50,801       331,003       120,743       4,452       0       43,024  
Other assets *2
     211,247       122,860       269,119       126,643       695,492       283,460       111,631  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Segment Assets
     1,884,565       1,158,293       1,022,944       1,016,175       3,009,234       3,144,571       1,231,973  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 

 
   
Millions of yen
  
   
As of March 31, 2025
  
   
ORIX USA
    
ORIX Europe
    
Asia and
Australia
    
Total
  
Net investment in leases
   ¥ 451     ¥ 0     ¥ 547,966     ¥ 1,167,339  
Installment loans
     652,805       0       315,128       4,081,013  
Investment in operating leases
     21,260       0       394,764       1,958,039  
Investment in securities
     487,022       86,008       37,768       3,234,127  
Property under facility operations and servicing assets
     76,469       0       1,844       838,424  
Inventories
     137       0       615       228,997  
Advances for finance lease and operating lease
     0       0       4,833       116,873  
Equity method investments
     54,817       8,578       260,395       1,319,707  
Advances for property under facility operations
     0       0       51       78,404  
Goodwill, intangible assets acquired in business combinations *1
     171,884       354,801       6,986       1,108,962  
Other assets *2
     129,094       219,919       155,277       2,324,742  
 
 
 
    
 
 
    
 
 
    
 
 
  
Segment Assets
     1,593,939       669,306       1,725,627       16,456,627  
 
 
 
    
 
 
    
 
 
    
 
 
  
 
*1.
In ORIX USA segment, there are no goodwill or intangible assets acquired in business combinations related to noncontrolling interests or redeemable noncontrolling interests. In ORIX Europe segment, goodwill and intangible assets acquired in business combinations related to noncontrolling interests amount to ¥6,660 million, and there are no goodwill or intangible assets related to redeemable noncontrolling interests.
*2.
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.
   
Millions of yen
  
   
As of March 31, 2026
  
   
Corporate
Financial
Services and
Maintenance
Leasing
    
Real
Estate
    
PE
Investment
and
Concession
    
Environment
and Energy
    
Insurance
    
Banking and
Credit
    
Aircraft and
Ships
  
Net investment in leases
   ¥ 577,187     ¥ 38,903     ¥ 1,510     ¥ 1,638     ¥ 0     ¥ 0     ¥ 12,372  
Installment loans
     393,442       14       13,102       6,004       15,191       2,685,320       17,078  
Investment in operating leases
     609,965       369,596       45,398       241       25,457       0       590,639  
Investment in securities
     31,876       9,363       10,905       142,410       2,288,116       166,331       2,217  
Property under facility operations and servicing assets
     42,088       153,861       74,886       496,063       0       0       24  
Inventories
     384       218,937       44,370       3,401       0       0       826  
Advances for finance lease and operating lease
     7,106       50,332       1       0       0       0       28,431  
Equity method investments
     8,481       214,196       239,127       10,291       46,002       44,544       410,193  
Advances for property under facility operations
     5       8,136       3,996       115,763       0       0       0  
Goodwill, intangible assets acquired in business combinations *1
     24,450       48,750       352,682       117,197       4,452       0       55,804  
Other assets *2
     181,911       123,818       264,584       125,769       819,052       340,604       93,751  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Segment Assets
     1,876,895       1,235,906       1,050,561       1,018,777       3,198,270       3,236,799       1,211,335  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
   
Millions of yen
  
   
As of March 31, 2026
  
   
ORIX USA
    
ORIX Europe
    
Asia and
Australia
    
Total
  
Net investment in leases
   ¥ 433     ¥ 0     ¥ 615,351     ¥ 1,247,394  
Installment loans
     757,103       0       286,330       4,173,584  
Investment in operating leases
     39,605       0       463,491       2,144,392  
Investment in securities
     503,966       114,919       38,289       3,308,392  
Property under facility operations and servicing assets
     82,749       0       2,028       851,699  
Inventories
     699       0       267       268,884  
Advances for finance lease and operating lease
     0       0       4,210       90,080  
Equity method investments
     65,577       6,005       261,415       1,305,831  
Advances for property under facility operations
     0       0       0       127,900  
Goodwill, intangible assets acquired in business combinations *1
     297,167       393,782       7,098       1,301,382  
Other assets *2
     193,172       286,469       186,798       2,615,928  
 
 
 
    
 
 
    
 
 
    
 
 
  
Segment Assets
     1,940,471       801,175       1,865,277       17,435,466  
 
 
 
    
 
 
    
 
 
    
 
 
  
 
*1.
In ORIX USA segment, there are no goodwill or intangible assets acquired in business combinations related to noncontrolling interests. Goodwill and intangible assets acquired in business combinations related to redeemable noncontrolling interests amount to ¥47,981 million.
 
In ORIX Europe segment, goodwill and intangible assets acquired in business combinations related to noncontrolling interests amount to ¥7,196 million, and there are no goodwill or intangible assets related to redeemable noncontrolling interests.
*2.
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.
 
The reconciliation of segment totals to consolidated financial statement amounts is as follows:
Significant items to be reconciled are segment revenues, segment profits and segment assets. Other items do not have a significant difference between segment amounts and consolidated amounts.
 
    
Millions of yen
  
    
2024
    
2025
    
2026
  
Segment revenues:
       
Total revenues for segments
    ¥ 2,804,921     ¥ 2,871,405     ¥ 3,326,146  
Revenues related to corporate assets
      64,922       64,628       84,865  
Revenues from inter-segment transactions
      (55,482 )      (61,212 )      (80,180 )
  
 
 
    
 
 
    
 
 
  
Total consolidated revenues
    ¥ 2,814,361     ¥ 2,874,821     ¥ 3,330,831  
  
 
 
    
 
 
    
 
 
  
Segment profits:
       
Total segment profits
    ¥ 561,521     ¥ 544,668     ¥ 732,597  
Corporate losses
      (84,644 )      (64,475 )      (52,821 )
 
Net income attributable to the noncontrolling interests and net income attributable to the redeemable noncontrolling interests
      (6,902 )      270       11,655  
  
 
 
    
 
 
    
 
 
  
Total consolidated income before income taxes
    ¥ 469,975     ¥ 480,463     ¥ 691,431  
  
 
 
    
 
 
    
 
 
  
Segment assets:
       
Total segment assets
    ¥ 16,022,129     ¥ 16,456,627     ¥ 17,435,466  
Corporate assets
      2,307,313       2,494,395       2,956,157  
Assets from inter-segment transactions
      (2,007,342 )      (2,084,771 )      (2,388,847 )
  
 
 
    
 
 
    
 
 
  
Total consolidated assets
    ¥ 16,322,100     ¥ 16,866,251     ¥
 
 18,002,776  
  
 
 
    
 
 
    
 
 
  
The following information represents geographical revenues and income before income taxes, which are attributed to geographic areas, based on the country location of the Company and its subsidiaries.
 
    
Millions of yen
  
    
Fiscal Year ended March 31, 2024
  
    
Japan
     
The
Americas*1
     
Other*2
     
Total
  
Total Revenues
    ¥ 2,097,360      ¥ 263,090      ¥ 453,911      ¥ 2,814,361  
Income before Income Taxes
      298,699        39,104        132,172        469,975  
Long-lived assets
      1,855,252        34,661        1,041,338        2,931,251  
    
Millions of yen
  
    
Fiscal Year ended March 31, 2025
  
    
Japan
     
The
Americas*1
     
Other*2
     
Total
  
Total Revenues
    ¥ 2,125,234      ¥ 270,100      ¥ 479,487      ¥ 2,874,821  
Income before Income Taxes
      302,628        68,154        109,681        480,463  
Long-lived assets
      1,849,310        43,124        1,185,989        3,078,423  
 
 
 
  
Millions of yen
 
 
  
Fiscal Year ended March 31, 2026
 
 
  
Japan
 
  
The Americas*1
 
  
Other*2
 
  
Total
 
Total Revenues
    ¥ 2,423,388      ¥ 405,209      ¥ 502,234      ¥ 3,330,831  
Income before Income Taxes
      442,322        35,156        213,953        691,431  
Long-lived assets
      1,961,020        70,896        1,277,096        3,309,012  
 
*1
Mainly the United States
*2
Mainly Asia, Europe and Australasia
No single customer accounted for 10% or more of the Company’s total revenues for fiscal 2024, 2025 and 2026.
The following information represents disaggregation of revenues for revenues from contracts with customers, by goods or services category and geographical location.
 
   
Millions of yen
  
   
Fiscal Year ended March 31, 2024
  
   
Reportable segments
  
   
Corporate
Financial
Services and
Maintenance
Leasing
    
Real Estate
    
PE
Investment
and
Concession
    
Environment
and Energy
    
Insurance
    
Banking and
Credit
    
Aircraft and
Ships
  
Goods or services category
              
Sales of goods
   ¥ 3,934     ¥ 3,536     ¥ 249,085     ¥ 3,771     ¥ 0     ¥ 0     ¥ 97  
Real estate sales
     0       107,477       0       0       0       0       0  
Asset management and servicing
     318       9,662       0       (6 )      0       615       53  
Automobile related services
     65,942       0       0       239       0       0       0  
Facilities operation
     0       74,989       0       0       0       0       0  
Environment and energy services
     2,958       41       83       155,838       0       0       0  
Real estate management and brokerage
     0       101,229       0       0       0       0       0  
Real estate contract work
     0       104,875       47,233       0       0       0       0  
Other
     40,882       1,482       33,371       770       2,036       6,706       9,328  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total revenues from contracts with customers
     114,034       403,291       329,772       160,612       2,036       7,321       9,478  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Other revenues *
     330,925       68,401       49,396       4,986       561,833       81,253       55,713  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Segment revenues/Total revenues
   ¥ 444,959     ¥ 471,692     ¥ 379,168     ¥ 165,598     ¥ 563,869     ¥ 88,574     ¥ 65,191  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
 
   
Millions of yen
  
   
Fiscal Year ended March 31, 2024
  
   
Reportable segments
    
Corporate

revenue and

intersegment

transactions
    
Total

revenues
  
   
ORIX USA
    
ORIX
Europe
    
Asia and
Australia
    
Total
  
Goods or services category
            
Sales of goods
   ¥ 555     ¥ 0     ¥ 425     ¥ 261,403     ¥ 4,987     ¥ 266,390  
Real estate sales
     47       0       0       107,524       0       107,524  
Asset management and servicing
     20,157       213,908       44       244,751       (243 )      244,508  
Automobile related services
     0       0       22,141       88,322       3       88,325  
Facilities operation
     0       0       0       74,989       1,098       76,087  
Environment and energy services
     637       0       0       159,557       (1,482 )      158,075  
Real estate management and brokerage
     0       0       0       101,229       (1,386 )      99,843  
Real estate contract work
     0       0       0       152,108       (86 )      152,022  
Other
     5,739       123       1,285       101,722       5,469       107,191  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total revenues from contracts with customers
     27,135       214,031       23,895       1,291,605       8,360       1,299,965  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Other revenues *
     146,291       13,120       201,398       1,513,316       1,080       1,514,396  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Segment revenues/Total revenues
   ¥ 173,426     ¥ 227,151     ¥ 225,293     ¥ 2,804,921     ¥ 9,440     ¥ 2,814,361  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
*
Other revenues include revenues that are not in the scope of revenue from contracts with customers, such as life insurance premiums and related investment income, operating leases, finance revenues that include interest income, and others.

   
Millions of yen
  
   
Fiscal Year ended March 31, 2025
  
   
Reportable segments
  
   
Corporate
Financial
Services and
Maintenance
Leasing
    
Real Estate
    
PE
Investment
and
Concession
    
Environment
and Energy
    
Insurance
    
Banking and
Credit
    
Aircraft and
Ships
  
Goods or services category
              
Sales of goods
   ¥ 4,202     ¥ 3,754     ¥ 252,969     ¥ 3,307     ¥ 0     ¥ 0     ¥ 852  
Real estate sales
     0       104,105       0       0       0       0       0  
Asset management and servicing
     418       8,958       0       24       0       0       38  
Automobile related services
     65,250       0       0       196       0       0       0  
Facilities operation
     0       82,153       0       0       0       0       0  
Environment and energy services
     3,013       39       78       173,831       0       0       0  
Real estate management and brokerage
     0       103,831       0       0       0       0       0  
Real estate contract work
     574       115,437       50,880       0       0       0       0  
Other
     38,891       1,530       18,315       863       (1 )      2,914       16,101  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total revenues from contracts with customers
     112,348       419,807       322,242       178,221       (1 )      2,914       16,991  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Other revenues *
     348,351       77,973       55,689       7,800       518,364       60,390       102,601  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Segment revenues/Total revenues
   ¥ 460,699     ¥ 497,780     ¥ 377,931     ¥ 186,021     ¥ 518,363     ¥ 63,304     ¥ 119,592  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
 
   
Millions of yen
  
   
Fiscal Year ended March 31, 2025
  
   
Reportable segments
    
Corporate

revenue and

intersegment

transactions
    
Total

revenues
  
   
ORIX USA
    
ORIX
Europe
    
Asia and
Australia
    
Total
  
Goods or services category
            
Sales of goods
   ¥ 543     ¥ 0     ¥ 751     ¥ 266,378     ¥ 2,672     ¥ 269,050  
Real estate sales
     0       0       0       104,105       0       104,105  
Asset management and servicing
     17,901       248,664       172       276,175       (246 )      275,929  
Automobile related services
     0       0       21,737       87,183       (10 )      87,173  
Facilities operation
     0       0       0       82,153       1,406       83,559  
Environment and energy services
     0       0       0       176,961       (1,310 )      175,651  
Real estate management and brokerage
     0       0       0       103,831       (1,462 )      102,369  
Real estate contract work
     0       0       0       166,891       (3,970 )      162,921  
Other
     5,920       118       1,280       85,931       5,575       91,506  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total revenues from contracts with customers
     24,364       248,782       23,940       1,349,608       2,655       1,352,263  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Other revenues *
     129,864       8,485       212,280       1,521,797       761       1,522,558  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Segment revenues/Total revenues
   ¥ 154,228     ¥ 257,267     ¥ 236,220     ¥ 2,871,405     ¥ 3,416     ¥ 2,874,821  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
*
Other revenues include revenues that are not in the scope of revenue from contracts with customers, such as life insurance premiums and related investment income, operating leases, finance revenues that include interest income, and others.
 
   
Millions of yen
  
   
Fiscal Year ended March 31, 2026
  
   
Reportable segments
  
   
Corporate
Financial
Services and
Maintenance
Leasing
    
Real Estate
    
PE
Investment
and
Concession
    
Environment
and Energy
    
Insurance
    
Banking and
Credit
    
Aircraft and
Ships
  
Goods or services category
              
Sales of goods
   ¥ 4,689     ¥ 4,141     ¥ 301,345     ¥ 3,311     ¥ 0     ¥ 0     ¥ 1,093  
Real estate sales
     0       121,933       0       0       0       0       0  
Asset management and servicing
     102       8,157       0       97       0       0       22  
Automobile related services
     70,671       0       0       159       0       0       0  
Facilities operation
     0       97,994       3,344       0       0       0       0  
Environment and energy services
     3,161       40       0       167,228       0       0       0  
Real estate management and brokerage
     0       108,355       0       0       0       0       0  
Real estate contract work
     1,141       108,424       57,268       0       0       0       0  
Other
     36,164       1,447       26,028       1,649       0       2,884       21,949  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total revenues from contracts with customers
     115,928       450,491       387,985       172,444       0       2,884       23,064  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Other revenues *
     371,914       80,410       53,968       36,787       643,045       73,555       106,952  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Segment revenues/Total revenues
   ¥ 487,842     ¥ 530,901     ¥ 441,953     ¥ 209,231     ¥ 643,045     ¥ 76,439     ¥ 130,016  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
 
   
Millions of yen
  
   
Fiscal Year ended March 31, 2026
  
   
Reportable segments
    
Corporate

revenue and

intersegment

transactions
    
Total

revenues
  
   
ORIX USA
    
ORIX
Europe
    
Asia and
Australia
    
Total
  
Goods or services category
            
Sales of goods
   ¥ 2,535     ¥ 0     ¥ 482     ¥ 317,596     ¥ 3,057     ¥ 320,653  
Real estate sales
     0       0       0       121,933       0       121,933  
Asset management and servicing
     15,604       273,831       267       298,080       (454 )     297,626  
Automobile related services
     0       0       22,335       93,165       (154 )     93,011  
Facilities operation
     0       0       0       101,338       1,618       102,956  
Environment and energy services
     0       0       0       170,429       (1,382 )     169,047  
Real estate management and brokerage
     0       0       0       108,355       (1,345 )     107,010  
Real estate contract work
     0       0       0       166,833       (2,571 )     164,262  
Other
     31,589       26       1,495       123,231       4,300       127,531  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total revenues from contracts with customers
     49,728       273,857       24,579       1,500,960       3,069       1,504,029  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Other revenues *
     222,491       17,229       218,835       1,825,186       1,616       1,826,802  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Segment revenues/Total revenues
   ¥ 272,219     ¥ 291,086     ¥ 243,414     ¥ 3,326,146     ¥ 4,685     ¥ 3,330,831  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
  
 
*
Other revenues include revenues that are not in the scope of revenue from contracts with customers, such as life insurance premiums and related investment income, operating leases, finance revenues that include interest income, and others.