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MarketScreener Homepage  >  Equities  >  Tokyo  >  ORIX CORPORATION    8591   JP3200450009

ORIX CORPORATION

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Orix Corporation : Commencement of Testing Services for Renewable Energy Related Equipment

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10/27/2011 | 01:55am EDT

TOKYO, Japan - October 27, 2011 - ORIX Rentec Corporation, a subsidiary of ORIX Corporation, announced today that it will commence performance evaluations and reliability testing services for renewable energy related equipment, including solar panels, at its newly established Kobe Testing Center in Suma-ku, Kobe.

The market for renewable energy, including solar and wind power generation, as an alternative to fossil fuels, and the market for related storage batteries are expanding. In response, demand has been rapidly increasing from manufacturers in Japan and overseas for testing services designed to enhance the reliability, such as long-term durability of products, components and materials. As installing R&D equipment and establishing testing systems become urgent priorities, ORIX Rentec will provide performance evaluations and reliability testing under contract, in addition to offering a full range of specialized testing equipment. Through these services, ORIX Rentec will help customers to reduce equipment installation costs and conduct R&D activities at the same time.

The Kobe Testing Center will be commissioned to perform solar panel tests, storage battery recharging and discharge tests, and reliability evaluation tests. Full-time engineers on staff will conduct long-term durability tests of client products as well as components and materials. Moreover, testing laboratories will also be made available to customers for a given period so that they can freely perform tests and inspections on their own.

The Kobe Testing Center will be equipped with various large-scale testing equipment that meet customers' product development needs. Leveraging ORIX Rentec's strengths as Japan's leading rental company, the Kobe Testing Center will quickly supply various types of measurement equipment that is required for tests from the company's inventory in support of the testing operations of its customers.

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Financials (JPY)
Sales 2019 2 603 B
EBIT 2019 -
Net income 2019 325 B
Debt 2019 -
Yield 2019 4,70%
P/E ratio 2019 6,32
P/E ratio 2020 6,02
Capi. / Sales 2019 0,82x
Capi. / Sales 2020 0,76x
Capitalization 2 123 B
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 2 336  JPY
Spread / Average Target 46%
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Managers
NameTitle
Makoto Inoue Executive President, Group CEO & Director
Yoshihiko Miyauchi Senior Chairman
Shuji Irie Director, SVP, Head-Investment & Operations
Tamio Umaki Director, Chief Information Officer & GM-Personnel
Robert A. Feldman Independent Director
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