Financials ORIX Corporation

Equities

8591

JP3200450009

Consumer Lending

Market Closed - Japan Exchange Other stock markets 01:30:00 2025-01-23 am EST			5-day change	1st Jan Change
3,322.00 ^JPY	+0.36%		+3.55%	-2.52%

Jan. 22	Orix's Stake Sale in Greenko Energy to Provide Additional Capital, S&P Says	MT
Jan. 19	AM Green S.à.r.l announced that it expects to receive funding from ORIX Corporation	CI

Projected Income Statement: ORIX Corporation

income-statement-evolution-chart ORIX-CORPORATION

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,280,329	2,292,708	2,520,365	2,666,373	2,814,361	2,948,016	3,132,830	3,273,024
Change	-	0.54%	9.93%	5.79%	5.55%	4.75%	6.27%	4.47%
EBITDA ¹	-	258,814	632,434	667,422	724,955	437,877	448,562	494,077
Change	-	-	144.36%	5.53%	8.62%	-39.6%	2.44%	10.15%
EBIT ¹	269,681	258,814	302,083	313,988	360,713	425,666	469,798	525,156
Change	-	-4.03%	16.72%	3.94%	14.88%	18.01%	10.37%	11.78%
Interest Paid ¹	-99,138	-78,068	-68,232	-127,618	-188,328	-188,000	-188,050	-186,950
Earnings before Tax (EBT) ¹	412,561	287,561	504,876	367,168	469,975	553,467	604,743	661,503
Change	-	-30.3%	75.57%	-27.28%	28%	17.77%	9.26%	9.39%
Net income ¹	302,700	192,384	312,135	273,075	346,132	393,407	423,098	462,059
Change	-	-36.44%	62.25%	-12.51%	26.75%	13.66%	7.55%	9.21%
Announcement Date	5/21/20	5/13/21	5/11/22	5/10/23	5/8/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1
Net sales ¹	571,701	595,950	537,641	547,097	580,956	627,014	608,813	632,721	626,579	652,252	657,813	707,003	630,028	671,529	676,974	682,761	678,125	-	708,139	695,494	753,850	814,530	-
Change	-	4.24%	-9.78%	1.76%	6.19%	7.93%	-2.9%	3.93%	-0.97%	4.1%	0.85%	7.48%	-10.89%	6.59%	0.81%	0.85%	-0.68%	-100%	-	-1.79%	8.39%	8.05%	-100%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	75,020	32,959	45,516	74,323	73,864	65,111	101,979	106,938	73,202	19,964	83,293	65,840	88,175	76,680	83,252	80,783	96,163	-	86,266	110,706	102,180	101,088	102,043
Change	-	-56.07%	38.1%	63.29%	-0.62%	-11.85%	56.62%	4.86%	-31.55%	-72.73%	317.22%	-20.95%	33.92%	-13.04%	8.57%	-2.97%	19.04%	-100%	-	28.33%	-7.7%	-1.07%	0.94%
Charge d'intérêts ¹	-23,763	-25,132	-	-19,480	-18,650	-17,257	-16,919	-16,513	-17,026	-17,774	-21,898	-29,575	-37,158	-38,987	-	-47,810	-47,703	-	-45,006	-38,711	-43,000	-45,000	-
Earnings before Tax (EBT) ¹	121,829	62,103	67,631	66,543	75,407	77,980	100,056	120,733	95,900	188,187	85,015	79,331	119,127	83,695	89,392	95,075	125,540	-	120,169	136,822	144,900	167,866	-
Change	-	-49.02%	8.9%	-1.61%	13.32%	3.41%	28.31%	20.67%	-20.57%	96.23%	-54.82%	-6.69%	50.16%	-29.74%	6.81%	6.36%	32.04%	-100%	-	13.86%	5.9%	15.85%	-100%
Net income ¹	85,169	58,381	50,048	43,794	48,173	50,369	65,216	81,466	64,659	100,794	61,862	59,914	89,612	61,687	62,966	65,134	91,105	126,927	86,735	96,211	98,289	117,717	90,280
Change	-	-31.45%	-14.27%	-12.5%	10%	4.56%	29.48%	24.92%	-20.63%	55.89%	-38.63%	-3.15%	49.57%	-31.16%	2.07%	3.44%	39.87%	39.32%	-31.67%	10.93%	2.16%	19.77%	-23.31%
Announcement Date	2/3/20	5/21/20	8/4/20	11/2/20	2/8/21	5/13/21	8/3/21	11/4/21	2/7/22	5/11/22	8/3/22	11/7/22	2/6/23	5/10/23	8/4/23	11/1/23	2/7/24	5/8/24	8/5/24	11/8/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 S1	2022 S1	2023 S1	2024 S1	2025 S1
Net sales ¹	1,084,738	1,241,534	1,364,816	1,359,735	1,403,633
Change	-	14.45%	9.93%	-0.37%	3.23%
EBITDA	-	-	-	-	-
Change	-	-	-	-	-
EBIT ¹	119,839	208,917	149,133	164,035	196,972
Change	-	74.33%	-28.62%	9.99%	20.08%
Charge d'intérêts	-	-	-	-	-
Earnings before Tax (EBT) ¹	134,174	220,789	164,346	184,467	256,991
Change	-	64.55%	-25.56%	12.24%	39.32%
Net income ¹	93,842	146,682	121,776	128,100	182,946
Change	-	56.31%	-16.98%	5.19%	42.81%
Announcement Date	11/2/20	11/4/21	11/7/22	11/1/23	11/8/24

¹JPY in Million

Estimates

Forecast Balance Sheet: ORIX Corporation

balance-sheet-analysis-chart ORIX-CORPORATION

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	3,633,520	3,772,860	3,911,858	4,486,659	5,015,164	4,868,800	5,013,341	5,130,860
Change	-	3.83%	3.68%	14.69%	11.78%	-2.92%	2.97%	2.34%
Announcement Date	5/21/20	5/13/21	5/11/22	5/10/23	5/8/24	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: ORIX Corporation

Fiscal Period: March	2019	2020	2021	2022	2023	2024
CAPEX ¹	1,060,294	992,911	753,953	917,296	1,080,074	1,200,874
Change	-	-6.36%	-24.07%	21.66%	17.75%	11.18%
Free Cash Flow (FCF) ¹	339,748	473,048	986,142	656,290	492,300	304,923
Change	-	39.24%	108.47%	-33.45%	-24.99%	-38.06%
Announcement Date	6/25/19	6/30/20	6/29/21	6/29/22	6/26/23	6/27/24

¹JPY in Million

Estimates

Forecast Financial Ratios: ORIX Corporation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	11.29%	25.09%	25.03%	25.76%	14.85%	14.32%	15.1%
EBIT Margin (%)	11.83%	11.29%	11.99%	11.78%	12.82%	14.44%	15%	16.04%
EBT Margin (%)	18.09%	12.54%	20.03%	13.77%	16.7%	18.77%	19.3%	20.21%
Net margin (%)	13.27%	8.39%	12.38%	10.24%	12.3%	13.34%	13.51%	14.12%
FCF margin (%)	21.96%	-	24.84%	-	19.33%	-	-	-
FCF / Net Income (%)	165.45%	-	200.61%	-	157.17%	-	-	-
Profitability
ROA	3.27%	2.16%	3.63%	2.49%	2.98%	2.35%	2.5%	2.65%
ROE	10.3%	6.4%	9.9%	8.3%	9.2%	9.78%	10.09%	10.45%
Financial Health
Leverage (Debt/EBITDA)	-	14.58x	6.19x	6.72x	6.92x	11.12x	11.18x	10.38x
Debt / Free cash flow	7.26x	-	6.25x	-	9.22x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	23.75%	30.97%	36.4%	40.51%	24.85%	-	-	-
CAPEX / EBITDA (%)	-	274.33%	145.04%	161.83%	96.47%	-	-	-
CAPEX / FCF (%)	108.16%	-	146.49%	-	128.56%	-	-	-
Items per share
Cash flow per share ¹	475.9	411	533.9	530.8	612.7	-	-	-
Change	-	-13.65%	29.9%	-0.58%	15.44%	-	-	-
Dividend per Share ¹	76	78	85.6	85.6	98.6	133.6	147.6	160.5
Change	-	2.63%	9.74%	0%	15.19%	35.53%	10.41%	8.78%
Book Value Per Share ¹	2,386	2,488	2,733	2,868	3,423	3,580	3,808	4,063
Change	-	4.25%	9.85%	4.95%	19.34%	4.58%	6.38%	6.69%
EPS ¹	237.4	155.5	259.4	231.4	298.6	343.3	374	409.6
Change	-	-34.48%	66.75%	-10.8%	29.05%	15%	8.94%	9.51%
Nbr of stocks (in thousands)	1,259,130	1,217,295	1,165,774	1,146,829	1,151,412	1,136,027	1,136,027	1,136,027
Announcement Date	5/21/20	5/13/21	5/11/22	5/10/23	5/8/24	-	-	-