Hulic Startup No. 1 Fund, managed by Hulic Startup Co., Ltd. and ORIX Corporation acquired unknown minority stake in iXs Co., Ltd. from INCJ, Ltd.
November 07, 2023
Share
Hulic Startup No. 1 Fund, managed by Hulic Startup Co., Ltd. and ORIX Corporation (TSE:8591) acquired unknown minority stake in iXs Co., Ltd. from INCJ, Ltd. in August 2023.
Hulic Startup No. 1 Fund, managed by Hulic Startup Co., Ltd. and ORIX Corporation (TSE:8591) completed the acquisition of unknown minority stake in iXs Co., Ltd. from INCJ, Ltd. in August 2023.
ORIX Corporation is a financial services group organized around 9 business divisions:
- life insurance (19.3% of net sales);
- corporate financial services (17.6%): leasing and rental of automobiles, IT-related and technological equipment;
- development, management and promotion of real estate assets (15.5%);
- private equity investment (15.3%);
- asset and investment fund management in Europe (8.8%);
- capital markets and investment banking in the United States (6.4%);
- finance and investment banking in Asia and Australia (5.9%);
- retail banking and consumer finance (3.4%);
- aircraft and ship leasing and financing (1.5%).
The balance of net sales (6.3%) relates to energy and environmental activities (renewable energy production, electricity distribution, sale of solar panels and electricity storage systems, recycling and waste management).
ORIX CORPORATION 
