ORIX : Financial Results Supplementary Information

Consolidated Financial Results

Supplementary Information

for the Six-months Ended September 30, 2024

ORIX Corporation

(NYSE: IX; TSE: 8591)

November 8, 2024

Contents

Page
1	Financial Highlights and Financial Indicators	: Financial Highlights and Financial Indicators
2	Segment Information		: Segment Profits, Assets and ROA
3	Segment Asset Details	: Assets by Segment
4-5	Corporate Financial Services and Maintenance Leasing (1)(2)	: Segment Revenues, Profits and Assets
6-7	Real Estate (1)(2)		: Segment Revenues, Profits and Assets
8-9	PE Investment and Concession (1) (2)	: Segment Revenues, Profits and Assets
10-11	Environment and Energy (1) (2)	: Segment Revenues, Profits and Assets
12-13	Insurance (1) (2)		: Segment Revenues, Profits and Assets
14-15	Banking and Credit (1)(2)	: Segment Revenues, Profits and Assets
16-17	Aircraft and Ships (1) (2)	: Segment Revenues, Profits and Assets
18-19	ORIX USA (1) (2)		: Segment Revenues, Profits and Assets
20-21	ORIX Europe (1) (2)		: Segment Revenues, Profits and Assets
22-23	Asia and Australia (1) (2)	: Segment Revenues, Profits and Assets
24	Key Quarterly Financial Information (1)	: Income Statement Data, Yields on Assets
25	Key Quarterly Financial Information (2)	: Balance Sheet Data, Key Exchange Rate
26	Information Regarding Major Assets (1)	: New Business Volumes, Net Investment in Leases and Installment Loans
27	Information Regarding Major Assets (2)	: Operating Leases and Asset Quality (Net Investment in Leases and Installment Loans)
28	Information Regarding Major Assets (3)	: Allowance for Credit Losses, Provision for Credit Losses
29	Information Regarding Major Assets (4)	: Investment in Securities
30	Funding (1)		: Funding, Share of Long-Term Debt, Funding Structure and Funding Costs (including Deposits)
31	Funding (2)		: Commitment Lines, Liquidity and Credit Ratings
This document has been prepared based upon quarterly financial information in accordance with U.S. GAAP.
For annual and more historical data please access our website.
	IR Website URL:	https://www.orix.co.jp/grp/en/ir/
	IR Library URL:	https://www.orix.co.jp/grp/en/ir/library/

Disclaimer

These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under "Risk Factors" in the Company's annual report on Form 20-F filed with the United States Securities and Exchange Commission and those described under "Business Risk" of the securities report (Yukashoken houkokusho) filed with the Director of the Kanto Local Finance Bureau and financial results filed to Tokyo Stock Exchange.

ORIX Corporation

Investor Relations and Sustainability Department

World Trade Center Bldg. SOUTH TOWER, 2-4-1 Hamamatsu-cho, Minato-ku

Tokyo 105-5135, Japan

Tel: [phone]

												(Unaudited)
Financial Highlights and Financial Indicators
												(Millions of yen)
Financial Highlights			2022.4-2023.3	2023.4-6	2023.7-9	2023.4-9	2023.10-12	2024.1-3	2023.4-2024.3	2024.4-6	2024.7-9	2024.4-9
Total Revenues *			2,663,659	676,798	683,158	1,359,956	683,800	770,605	2,814,361	708,139	695,494	1,403,633
Income before Income Taxes		392,178	89,392	95,075	184,467	125,540	159,968	469,975	120,169	136,822	256,991
Net Income Attributable to ORIX Corporation Shareholders	290,340	62,966	65,134	128,100	91,105	126,927	346,132	86,735	96,211	182,946
Total Assets			15,289,385	15,584,145	15,795,220	15,795,220	15,769,189	16,322,100	16,322,100	16,502,363	16,339,977	16,339,977
Total Liabilities			11,674,118	11,860,498	11,951,381	11,951,381	11,962,328	12,297,490	12,297,490	12,343,084	12,358,564	12,358,564
Total ORIX Corporation Shareholders' Equity		3,543,607	3,643,306	3,761,098	3,761,098	3,727,404	3,941,466	3,941,466	4,073,643	3,902,197	3,902,197
* The presentation of equity method investment has been changed since the fourth quarter of the fiscal 2024. The amounts in the previous years have been retrospectively reclassified for this change.
※ Accounting Standards Update 2018-12 ("Targeted Improvements to the Accounting for Long-Duration Contracts"-ASC 944 ("Financial Services-Insurance")) has been adopted since the first quarter of fiscal 2024
and applied retrospectively since fiscal 2022.
Financial Indicators (1)			2022.4-2023.3	2023.4-6	2023.7-9	2023.4-9	2023.10-12	2024.1-3	2023.4-2024.3	2024.4-6	2024.7-9	2024.4-9
Return on Equity	(ROE)		8.50%	7.00%	7.00%	7.00%	8.00%	9.20%	9.20%	8.70%	9.30%	9.30%
Return on Assets	(ROA)		1.96%	1.63%	1.65%	1.65%	1.88%	2.19%	2.19%	2.11%	2.24%	2.24%
※ All of the above are calculated using accumulated Net Income Attributable to ORIX Corporation Shareholders.
※ Accounting Standards Update 2018-12 ("Targeted Improvements to the Accounting for Long-Duration Contracts"-ASC 944 ("Financial Services-Insurance")) has been adopted since the first quarter of fiscal 2024
and applied retrospectively since fiscal 2022.
Financial Indicators (2)			2022.4-2023.3	2023.4-6	2023.7-9	2023.4-9	2023.10-12	2024.1-3	2023.4-2024.3	2024.4-6	2024.7-9	2024.4-9
Shareholders' Equity Ratio			23.2%	23.4%	23.8%	23.8%	23.6%	24.1%	24.1%	24.7%	23.9%	23.9%
Debt-to-Equity Ratio		(times)
(Short- and Long-Term Debt+Deposits)/Shareholders' Equity	2.2	2.2	2.2	2.2	2.2	2.1	2.1	2.1	2.2	2.2
(Short- and Long-Term Debt)/Shareholders' Equity	1.6	1.6	1.6	1.6	1.6	1.6	1.6	1.6	1.6	1.6
Shareholders' Equity Per Share	(yen)	3,027.93	3,124.26	3,247.37	3,247.37	3,237.25	3,422.94	3,422.94	3,547.40	3,418.59	3,418.59
Basic EPS		(yen)	245.98	53.87	56.05	109.92	78.91	110.23	298.55	75.40	84.03	159.42
Diluted EPS		(yen)	245.65	53.80	55.96	109.76	78.78	110.04	298.05	75.28	83.88	159.15
Number of Employees			34,737	35,859	35,623	35,623	35,165	33,807	33,807	34,051	33,691	33,691

• Shareholders' Equity Ratio, Debt-to-Equity Ratio and Shareholders' Equity Per Share are calculated using Total ORIX Corporation Shareholders' Equity.
• Accounting Standards Update 2018-12 ("Targeted Improvements to the Accounting for Long-Duration Contracts"-ASC 944 ("Financial Services-Insurance")) has been adopted since the first quarter of fiscal 2024 and applied retrospectively since fiscal 2022.

- 1 -

											(Unaudited)
Segment Information
											(Millions of yen)
Segment	Segment Information	2022.4-2023.3	2023.4-6	2023.7-9	2023.4-9	2023.10-12	2024.1-3	2023.4-2024.3	2024.4-6	2024.7-9	2024.4-9
Corporate Financial Services and	Segment Profits	76,739	20,425	20,948	41,373	19,291	22,580	83,244	19,797	25,769	45,566
Maintenance Leasing	Segment Assets	1,763,967	1,761,695	1,767,202	1,767,202	1,753,213	1,777,320	1,777,320	1,778,938	1,806,160	1,806,160
	Segment Asset ROA	2.98%	3.17%	3.21%	3.21%	3.15%	3.22%	3.22%	3.05%	3.48%	3.48%
Real Estate	Segment Profits	52,532	10,276	17,234	27,510	24,794	14,751	67,055	13,954	36,403	50,357
	Segment Assets	1,049,180	1,050,387	1,105,588	1,105,588	1,121,959	1,110,087	1,110,087	1,098,352	1,111,185	1,111,185
	Segment Asset ROA	3.48%	2.68%	3.50%	3.50%	4.40%	4.25%	4.25%	3.46%	6.21%	6.21%
PE Investment and Concession	Segment Profits	3,159	5,772	4,153	9,925	13,409	20,633	43,967	32,027	14,970	46,997
	Segment Assets	869,866	883,463	1,056,371	1,056,371	1,064,156	1,066,647	1,066,647	967,177	988,286	988,286
	Segment Asset ROA	(0.03)%	1.74%	1.46%	1.46%	2.33%	3.29%	3.29%	8.99%	6.68%	6.68%
Environment and Energy	Segment Profits	37,173	4,982	7,146	12,128	13,759	12,185	38,072	(482)	2,828	2,346
	Segment Assets	889,529	910,357	968,429	968,429	986,285	976,434	976,434	1,015,383	1,046,312	1,046,312
	Segment Asset ROA	2.99%	1.52%	1.79%	1.79%	2.52%	2.80%	2.80%	(0.13)%	0.32%	0.32%
Insurance	Segment Profits	63,344	19,423	18,028	37,451	16,556	16,819	70,826	21,944	18,913	40,857
	Segment Assets	2,646,205	2,735,779	2,663,603	2,663,603	2,759,827	2,921,927	2,921,927	2,884,353	2,901,167	2,901,167
	Segment Asset ROA	1.72%	2.08%	2.03%	2.03%	1.92%	1.83%	1.83%	2.17%	2.02%	2.02%
Banking and Credit	Segment Profits	38,127	8,356	8,446	16,802	10,554	69,997	97,353	6,398	6,709	13,107
	Segment Assets	2,953,785	2,973,176	2,965,954	2,965,954	3,012,826	2,934,217	2,934,217	2,876,149	2,921,424	2,921,424
	Segment Asset ROA	0.88%	0.77%	0.78%	0.78%	0.84%	2.27%	2.27%	0.60%	0.61%	0.61%
Aircraft and Ships	Segment Profits	30,486	7,617	11,177	18,794	10,194	15,378	44,366	11,764	20,247	32,011
	Segment Assets	808,943	922,281	982,390	982,390	935,859	1,169,641	1,169,641	1,304,929	1,221,976	1,221,976
	Segment Asset ROA	3.30%	3.01%	3.63%	3.63%	3.91%	3.99%	3.99%	3.25%	4.40%	4.40%
ORIX USA	Segment Profits	58,608	12,212	9,279	21,491	14,095	(7,655)	27,931	11,835	4,772	16,607
	Segment Assets	1,624,884	1,735,494	1,699,808	1,699,808	1,601,935	1,694,484	1,694,484	1,767,645	1,540,075	1,540,075
	Segment Asset ROA	2.92%	2.30%	2.04%	2.04%	2.32%	1.33%	1.33%	2.16%	1.62%	1.62%
ORIX Europe	Segment Profits	44,486	7,134	12,402	19,536	10,886	11,216	41,638	11,154	9,643	20,797
	Segment Assets	612,884	635,846	649,023	649,023	649,723	662,139	662,139	702,894	662,997	662,997
	Segment Asset ROA	5.40%	3.39%	4.60%	4.60%	4.77%	4.85%	4.85%	4.84%	4.65%	4.65%
Asia and Australia	Segment Profits	43,856	10,918	7,602	18,520	11,523	17,026	47,069	8,883	10,241	19,124
	Segment Assets	1,484,569	1,611,548	1,668,721	1,668,721	1,653,388	1,709,233	1,709,233	1,802,887	1,707,973	1,707,973
	Segment Asset ROA	2.28%	2.12%	1.76%	1.76%	1.91%	2.21%	2.21%	1.52%	1.68%	1.68%
Total	Segment Profits	448,510	107,115	116,415	223,530	145,061	192,930	561,521	137,274	150,495	287,769
	Segment Assets	14,703,812	15,220,026	15,527,089	15,527,089	15,539,171	16,022,129	16,022,129	16,198,707	15,907,555	15,907,555
Adjustment of Segment Profits to Consolidated Statement	(56,332)	(17,723)	(21,340)	(39,063)	(19,521)	(32,962)	(91,546)	(17,105)	(13,673)	(30,778)
Amounts
Income before Income Taxes		392,178	89,392	95,075	184,467	125,540	159,968	469,975	120,169	136,822	256,991
Return on Segment Assets (ROA)		2.02%	1.68%	1.69%	1.69%	1.93%	2.25%	2.25%	2.15%	2.29%	2.29%

• Segment Asset ROA is calculated using accumulated Segment Profits (after tax).
• Return on Segment Assets (ROA) is calculated using accumulated Net Income Attributable to ORIX Corporation Shareholders.
• Since the first quarter of fiscal 2024, segment profits have been calculated with broadened the scope of profit sharing for inter-segment collaboration. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
• Accounting Standards Update 2018-12 ("Targeted Improvements to the Accounting for Long-Duration Contracts"-ASC 944 ("Financial Services-Insurance")) has been adopted since the first quarter of fiscal 2024 and applied retrospectively since fiscal 2022.
• Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
• Since the first quarter of fiscal 2025, the interest expense allocation method for each segment was partially changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
• Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, trade notes, accounts and other receivable, and others. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

- 2 -

												(Unaudited)
	Segment Asset Details
2023.3												(Millions of yen)
			Corporate Financial
	Assets by Segment	Services and	Real Estate	PE Investment	Environment	Insurance	Banking and	Aircraft and	ORIX USA	ORIX Europe	Asia and	Total
	Maintenance	and Concession	and Energy	Credit	Ships	Australia
			Leasing
	Net Investment in Leases	566,010	57,587	1,616	6,723	－	－	－	483	－	454,961	1,087,380
Installment Loans *1	338,361	－	14,225	2,138	18,109	2,395,340	75,914	747,783	－	312,809	3,904,679
Investment in Operating Leases	511,184	302,698	52,976	264	27,467	－	295,858	3,612	－	329,549	1,523,608
Investment in Securities *1	34,270	3,894	36,058	1,580	1,982,573	289,621	5,112	384,082	76,648	36,444	2,850,282
Property under Facility Operations and Servicing Assets	18,908	170,425	51,978	362,043	－	－	－	81,291	－	1,184	685,829
Inventories		1,104	108,789	48,716	9,825	－	9	37	142	－	202	168,824
Advances for Finance Lease and Operating Lease	1,566	112,973	4	1	－	－	－	－	－	3,720	118,264
Equity method investments *1	13,416	117,040	28,796	188,436	17,577	2,006	347,508	87,513	10,213	249,481	1,061,986
Advances for Property under Facility Operations	－	6,625	2,354	88,493	－	－	－	－	－	－	97,472
Goodwill, Intangible Assets Acquired in Business Combinations	29,251	54,996	368,748	114,114	4,686	11,771	18,461	157,811	331,080	6,746	1,097,664
Other assets	*2	249,897	114,153	264,395	115,912	595,793	255,038	66,053	162,167	194,943	89,473	2,107,824
Total		1,763,967	1,049,180	869,866	889,529	2,646,205	2,953,785	808,943	1,624,884	612,884	1,484,569	14,703,812
2024.3												(Millions of yen)
			Corporate Financial
	Assets by Segment	Services and	Real Estate	PE Investment	Environment	Insurance	Banking and	Aircraft and	ORIX USA	ORIX Europe	Asia and	Total
	Maintenance	and Concession	and Energy	Credit	Ships	Australia
			Leasing
	Net Investment in Leases	567,735	51,978	1,238	3,104	－	－	－	505	－	530,426	1,154,986
Installment Loans	346,840	52	115,629	2,255	11,792	2,378,183	60,468	699,384	－	343,936	3,958,539
Investment in Operating Leases	535,655	278,191	56,286	250	26,876	－	557,867	9,858	－	395,573	1,860,556
Investment in Securities	36,683	4,036	36,729	571	2,236,495	311,237	11,960	509,172	82,568	33,520	3,262,971
Property under Facility Operations and Servicing Assets	17,404	165,387	41,416	453,252	－	－	－	79,747	－	1,849	759,055
Inventories		928	174,990	47,553	2,463	－	－	733	159	－	224	227,050
Advances for Finance Lease and Operating Lease	3,400	114,649	5	－	－	－	9,232	－	－	3,017	130,303
Equity method investments	14,984	143,751	118,310	219,018	29,742	43,601	399,061	61,415	11,907	271,682	1,313,471
Advances for Property under Facility Operations	－	8,183	4,466	44,962	－	－	－	－	－	－	57,611
Goodwill, Intangible Assets Acquired in Business Combinations	28,693	52,898	351,202	121,174	4,452	－	19,114	176,785	364,773	7,313	1,126,404
Other assets	*2	224,998	115,972	293,813	129,385	612,570	201,196	111,206	157,459	202,891	121,693	2,171,183
Total		1,777,320	1,110,087	1,066,647	976,434	2,921,927	2,934,217	1,169,641	1,694,484	662,139	1,709,233	16,022,129
2024.9												(Millions of yen)
			Corporate Financial
	Assets by Segment	Services and	Real Estate	PE Investment	Environment	Insurance	Banking and	Aircraft and	ORIX USA	ORIX Europe	Asia and	Total
	Maintenance	and Concession	and Energy	Credit	Ships	Australia
			Leasing
	Net Investment in Leases	561,576	48,277	1,064	2,436	－	－	－	455	－	545,487	1,159,295
Installment Loans	363,951	41	119,949	2,784	11,951	2,368,834	44,765	596,207	－	317,970	3,826,452
Investment in Operating Leases	545,046	315,784	57,463	243	26,742	－	643,430	11,486	－	397,101	1,997,295
Investment in Securities	29,834	1,623	9,182	577	2,215,325	311,975	11,095	484,048	86,924	34,499	3,185,082
Property under Facility Operations and Servicing Assets	17,281	160,902	32,730	473,394	－	－	29	73,571	－	1,736	759,643
Inventories		621	168,672	42,333	2,701	－	－	1,896	212	－	156	216,591
Advances for Finance Lease and Operating Lease	3,218	76,221	4	－	－	－	18,062	－	－	3,864	101,369
Equity method investments	14,676	173,186	129,267	246,490	31,818	44,423	375,458	57,845	11,592	277,269	1,362,024
Advances for Property under Facility Operations	－	10,787	113	52,905	－	－	－	－	－	－	63,805
Goodwill, Intangible Assets Acquired in Business Combinations	25,971	51,850	343,976	128,736	4,452	－	29,337	165,697	351,985	7,003	1,109,007
Other assets		243,986	103,842	252,205	136,046	610,879	196,192	97,904	150,554	212,496	122,888	2,126,992
Total		1,806,160	1,111,185	988,286	1,046,312	2,901,167	2,921,424	1,221,976	1,540,075	662,997	1,707,973	15,907,555

*1 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified. *2 Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, trade notes, accounts and other receivable, and others.

As a result, segment data for the previous fiscal year has been retrospectively reclassified.

- 3 -

(Unaudited)

Corporate Financial Services and Maintenance Leasing (1)

													(Millions of yen)
Segment Income Statement Data	2022.4-2023.3	2023.4-6	2023.7-9		2023.4-9	2023.10-12		2024.1-3	2023.4-2024.3	2024.4-6	2024.7-9	2024.4-9
	Finance revenues *2	60,133	16,437	14,961		31,398	15,184		14,846	61,428	15,219	15,671	30,890
	Gains on investment securities and dividends *2	(519)	1,319	848		2,167	641		(182)	2,626	1,277	183	1,460
	Operating leases	258,385	64,860	67,262		132,122	67,209		67,540	266,871	68,382	71,477	139,859
	Sales of goods and real estate	5,356	1,200	935		2,135	632		1,167	3,934	881	931	1,812
	Services income	106,542	25,830	26,591		52,421	27,879		29,800	110,100	26,698	28,085	54,783
Total Segment Revenues :	429,897	109,646	110,597		220,243	111,545		113,171	444,959	112,457	116,347	228,804
	Interest expense *3	4,661	1,334	1,365		2,699	1,360		1,359	5,418	1,572	1,706	3,278
	Costs of operating leases	186,989	46,995	48,433		95,428	48,218		49,204	192,850	48,810	50,068	98,878
	Costs of goods and real estate sold	3,988	964	717		1,681	610		943	3,234	725	764	1,489
	Services expense	58,103	14,353	14,008		28,361	15,498		15,037	58,896	14,733	14,789	29,522
	Other (income) and expense	17,275	4,113	4,213		8,326	4,256		2,314	14,896	4,294	4,463	8,757
	Selling, general and administrative expenses	83,811	22,329	21,609		43,938	22,134		22,549	88,621	22,790	22,261	45,051
	Provision for credit losses, and write-downs of long-lived assets	1,107	29	359		388	(23)		595	960	176	884	1,060
	and securities
Total Segment Expenses :	355,934	90,117	90,704		180,821	92,053		92,001	364,875	93,100	94,935	188,035
	Equity in Net income (Loss) of equity method investments and	2,776	896	1,055		1,951	(201)		1,410	3,160	440	4,357	4,797
	others *1 *2
Segment Profits	76,739	20,425	20,948		41,373	19,291		22,580	83,244	19,797	25,769	45,566
*1	Since the first quarter of fiscal 2024, segment profits have been calculated with broadened the scope of profit sharing for inter-segment collaboration.
	As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2	Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3	Since the first quarter of fiscal 2025, the interest expense allocation method for each segment was partially changed.
	As a result, segment data for the previous fiscal year has been retrospectively reclassified.
													(Millions of yen)
Segment Profits	2022.4-2023.3	2023.4-6	2023.7-9		2023.4-9	2023.10-12		2024.1-3	2023.4-2024.3	2024.4-6	2024.7-9	2024.4-9
Corporate Financial Services	20,256	6,567	5,554		12,121	4,531		5,844	22,496	4,368	9,047	13,415
Auto	42,404	11,414	12,916		24,330	11,437		10,484	46,251	12,702	13,735	26,437
Rentec	14,079	2,444	2,478		4,922	3,323		6,252	14,497	2,727	2,987	5,714
Total Segment Profits	76,739	20,425	20,948		41,373	19,291		22,580	83,244	19,797	25,769	45,566

- 4 -

								(Unaudited)
Corporate Financial Services and Maintenance Leasing (2)
								(Millions of yen)
Segment Assets	2023.3		2023.6	2023.9	2023.12	2024.3	2024.6	2024.9
Net Investment in Leases	566,010		563,127	578,255	573,298	567,735	563,901	561,576
Installment Loans *1	338,361		332,244	322,809	305,982	346,840	347,392	363,951
Investment in Operating Leases	511,184		514,668	522,936	527,545	535,655	537,315	545,046
Investment in Securities *1	34,270		34,778	35,918	34,897	36,683	30,044	29,834
Property under Facility Operations	18,908		17,779	17,716	17,613	17,404	17,485	17,281
Inventories	1,104		1,190	1,247	1,319	928	1,066	621
Advances for Finance Lease and Operating Lease	1,566		1,540	1,179	2,052	3,400	3,347	3,218
Equity method investments *1	13,416		13,784	14,201	14,060	14,984	14,740	14,676
Goodwill, Intangible Assets Acquired in Business	29,251		28,993	29,133	28,913	28,693	28,497	25,971
Combinations
Other assets *2	249,897		253,592	243,808	247,534	224,998	235,151	243,986
Total Segment Assets	1,763,967		1,761,695	1,767,202	1,753,213	1,777,320	1,778,938	1,806,160

*1 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified. *2 Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, trade notes, accounts and other receivable, and others.

As a result, segment data for the previous fiscal year has been retrospectively reclassified.

							(Millions of yen)
Segment Assets	2023.3	2023.6	2023.9	2023.12	2024.3	2024.6	2024.9
Corporate Financial Services	791,784	780,057	776,420	756,752	783,434	774,160	788,706
Auto	795,474	801,021	804,332	804,945	794,625	800,481	806,967
Rentec	176,709	180,617	186,450	191,516	199,261	204,297	210,487
Total Segment Assets	1,763,967	1,761,695	1,767,202	1,753,213	1,777,320	1,778,938	1,806,160
				(Thousand Autos)
Automobile Operations	2023.3	2023.9	2024.3	2024.9
Number of Automobiles Under Management in Japan	1,430	1,430	1,429	1,422

- 5 -

(Unaudited)

Real Estate (1)

												(Millions of yen)
	Segment Income Statement Data	2022.4-2023.3	2023.4-6	2023.7-9		2023.4-9	2023.10-12	2024.1-3	2023.4-2024.3	2024.4-6	2024.7-9	2024.4-9
	Finance revenues *2	5,562	1,636	1,372		3,008	1,639	1,487	6,134	1,263	1,204	2,467
	Gains on investment securities and dividends	(243)	393	86		479	(4)	382	857	143	702	845
	Operating leases	55,544	8,583	15,706		24,289	10,138	15,778	50,205	13,551	24,291	37,842
	Sales of goods and real estate	96,030	32,769	19,745		52,514	18,471	40,028	111,013	33,275	28,518	61,793
	Services income	261,843	63,000	76,003		139,003	87,828	76,652	303,483	69,111	88,121	157,232
Total Segment Revenues :	418,736	106,381	112,912		219,293	118,072	134,327	471,692	117,343	142,836	260,179
	Interest expense *3	2,413	686	741		1,427	790	799	3,016	575	597	1,172
	Costs of operating leases	24,895	6,321	6,216		12,537	6,100	6,335	24,972	6,087	5,854	11,941
	Costs of goods and real estate sold	80,586	23,257	17,497		40,754	15,995	34,182	90,931	25,939	23,850	49,789
	Services expense	230,136	55,529	62,868		118,397	63,983	65,815	248,195	59,750	65,309	125,059
	Other (income) and expense	(627)	270	(571)		(301)	492	531	722	266	437	703
	Selling, general and administrative expenses	36,643	10,239	10,372		20,611	9,990	10,941	41,542	10,853	10,020	20,873
	Provision for credit losses, and write-downs of long-lived assets	1,785	74	360		434	18	833	1,285	(28)	88	60
	and securities
Total Segment Expenses :	375,831	96,376	97,483		193,859	97,368	119,436	410,663	103,442	106,155	209,597
	Equity in Net income (Loss) of equity method investments and others *1 *2	9,627	271	1,805		2,076	4,090	(140)	6,026	53	(278)	(225)
Segment Profits	52,532	10,276	17,234		27,510	24,794	14,751	67,055	13,954	36,403	50,357
*1 Since the first quarter of fiscal 2024, segment profits have been	calculated with broadened the scope of profit sharing for inter-segment collaboration.
	As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2 Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3 Since the first quarter of fiscal 2025, the interest expense allocation method for each segment was partially changed.
	As a result, segment data for the previous fiscal year has been retrospectively reclassified.									(Millions of yen)
	Segment Profits	2022.4-2023.3	2023.4-6	2023.7-9		2023.4-9	2023.10-12	2024.1-3	2023.4-2024.3	2024.4-6	2024.7-9	2024.4-9
RE Investment and Facilities Operation	29,691	3,195	12,656		15,851	20,290	7,954	44,095	7,333	31,189	38,522
DAIKYO	22,841	7,081	4,578		11,659	4,504	6,797	22,960	6,621	5,214	11,835
Total Segment Profits	52,532	10,276	17,234		27,510	24,794	14,751	67,055	13,954	36,403	50,357
												(Millions of yen)
	Services Income	2022.4-2023.3	2023.4-6	2023.7-9		2023.4-9	2023.10-12	2024.1-3	2023.4-2024.3	2024.4-6	2024.7-9	2024.4-9
Revenues from real estate management and contract work	196,646	43,527	51,998		95,525	54,467	56,112	206,104	48,269	53,876	102,145
Facilities operation	56,107	17,061	20,693		37,754	30,866	17,573	86,193	18,822	31,691	50,513
Other	9,090	2,412	3,312		5,724	2,495	2,967	11,186	2,020	2,554	4,574
Total Services income	261,843	63,000	76,003		139,003	87,828	76,652	303,483	69,111	88,121	157,232
												(Millions of yen)
	Gains on sales	2022.4-2023.3	2023.4-6	2023.7-9		2023.4-9	2023.10-12	2024.1-3	2023.4-2024.3	2024.4-6	2024.7-9	2024.4-9
Gains on Rental Property Sales (included in Operating leases)	25,492	1,228	8,423		9,651	2,624	8,213	20,488	6,277	16,980	23,257
Gains on sales of property under operations (included in Services income)	876	－	－		－	11,204	－	11,204	－	10,510	10,510
Gains on sales (included in Equity in Net Income (Loss) of equity method investments)	5,244	313	494		807	3,594	357	4,758	41	692	733
and others *
Total Gains on sales	31,612	1,541	8,917		10,458	17,422	8,570	36,450	6,318	28,182	34,500

* Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

- 6 -

							(Unaudited)
Real Estate (2)
							(Millions of yen)
Segment Assets	2023.3	2023.6	2023.9	2023.12	2024.3	2024.6	2024.9
Net Investment in Leases	57,587	55,241	53,152	51,670	51,978	50,558	48,277
Installment Loans	－	－	－	－	52	47	41
Investment in Operating Leases	302,698	312,279	306,293	299,326	278,191	317,510	315,784
Investment in Securities	3,894	4,216	4,251	3,746	4,036	1,750	1,623
Property under Facility Operations	170,425	168,923	172,924	167,180	165,387	163,274	160,902
Inventories	108,789	113,074	169,004	176,838	174,990	171,235	168,672
Advances for Finance Lease and Operating Lease	112,973	107,571	105,904	110,358	114,649	80,784	76,221
Equity method investments	117,040	122,399	134,055	134,902	143,751	147,873	173,186
Advances for Property under Facility Operations	6,625	7,247	4,913	8,177	8,183	9,810	10,787
Goodwill, Intangible Assets Acquired in Business	54,996	54,471	53,947	53,423	52,898	52,374	51,850
Combinations
Other assets *	114,153	104,966	101,145	116,339	115,972	103,137	103,842
Total Segment Assets	1,049,180	1,050,387	1,105,588	1,121,959	1,110,087	1,098,352	1,111,185

• Since the first quarter of fiscal 2025, the scope of segment assets was changed to include cash and cash equivalents, trade notes, accounts and other receivable, and others. As a result, segment data for the previous fiscal year has been retrospectively reclassified.

							(Millions of yen)
Segment Assets	2023.3	2023.6	2023.9	2023.12	2024.3	2024.6	2024.9
RE Investment and Facilities Operation	704,800	712,943	711,436	714,255	709,054	705,318	711,649
DAIKYO	344,380	337,444	394,152	407,704	401,033	393,034	399,536
Total Segment Assets	1,049,180	1,050,387	1,105,588	1,121,959	1,110,087	1,098,352	1,111,185
				(Billions of yen)
Asset Management Business AUM	2023.3	2023.9	2024.3	2024.9
ORIX Asset Management Corporation *	688.4	695.9	696.2	723.0
ORIX Real Estate Investment Advisors Corporation	851.2	886.0	900.2	945.0
End of Period Total AUM	1,539.6	1,581.9	1,596.4	1,668.0

• For ORIX Asset Management Corporation, the end of period AUM for February and August are shown in the columns of the end of period AUM for March and September correspondingly. (Millions of yen)

Asset Management Business Revenues	2022.4-2023.3	2023.4-9	2023.4-2024.3	2024.4-9
ORIX Asset Management Corporation	3,223	1,951	3,909	1,719
ORIX Real Estate Investment Advisors Corporation	4,926	3,387	6,619	2,009
Total Revenues	8,149	5,338	10,528	3,728

- 7 -

(Unaudited)

PE Investment and Concession (1)

													(Millions of yen)
Segment Income Statement Data	2022.4-2023.3	2023.4-6	2023.7-9		2023.4-9	2023.10-12		2024.1-3	2023.4-2024.3	2024.4-6	2024.7-9	2024.4-9
	Finance revenues *2	1,026	315	499		814	2,959		2,906	6,679	2,966	3,012	5,978
	Gains on investment securities and dividends *2	348	114	114		228	598		381	1,207	331	255	586
	Operating leases	38,653	9,926	10,031		19,957	10,475		11,097	41,529	10,343	10,262	20,605
	Sales of goods and real estate	280,361	55,413	58,736		114,149	65,816		69,120	249,085	64,185	58,199	122,384
	Services income	55,934	20,679	17,449		38,128	20,277		22,263	80,668	16,121	15,352	31,473
Total Segment Revenues :	376,322	86,447	86,829		173,276	100,125		105,767	379,168	93,946	87,080	181,026
	Interest expense *3	2,054	843	847		1,690	860		428	2,978	817	838	1,655
	Costs of operating leases	24,900	6,666	6,686		13,352	6,583		6,309	26,244	6,544	6,528	13,072
	Costs of goods and real estate sold	240,942	39,261	40,118		79,379	44,159		44,866	168,404	44,658	40,293	84,951
	Services expense	40,900	14,614	12,052		26,666	14,510		17,501	58,677	11,169	10,759	21,928
	Other (income) and expense	2,193	(307)	(298)		(605)	(148)		(1,577)	(2,330)	(114)	(335)	(449)
	Selling, general and administrative expenses	56,449	18,433	24,065		42,498	23,261		24,105	89,864	21,015	22,179	43,194
	Provision for credit losses, and write-downs of long-lived assets	195	13	178		191	10		165	366	39	54	93
	and securities
Total Segment Expenses :	367,633	79,523	83,648		163,171	89,235		91,797	344,203	84,128	80,316	164,444
	Equity in Net income (Loss) of equity method investments and	(5,530)	(1,152)	972		(180)	2,519		6,663	9,002	22,209	8,206	30,415
	others *1 *2
Segment Profits	3,159	5,772	4,153		9,925	13,409		20,633	43,967	32,027	14,970	46,997
*1	Since the first quarter of fiscal 2024, segment profits have been calculated with broadened the scope of profit sharing for inter-segment collaboration.
	As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*2	Since the fourth quarter of fiscal 2024, the presentation of equity method investment has been changed. As a result, segment data for the previous fiscal year has been retrospectively reclassified.
*3	Since the first quarter of fiscal 2025, the interest expense allocation method for each segment was partially changed.
	As a result, segment data for the previous fiscal year has been retrospectively reclassified.
													(Millions of yen)
Segment Profits	2022.4-2023.3	2023.4-6	2023.7-9		2023.4-9	2023.10-12		2024.1-3	2023.4-2024.3	2024.4-6	2024.7-9	2024.4-9
PE Investment	10,704	6,212	2,988		9,200	11,233		18,063	38,496	29,119	11,139	40,258
Concession	(7,545)	(440)	1,165		725	2,176		2,570	5,471	2,908	3,831	6,739
Total Segment Profits	3,159	5,772	4,153		9,925	13,409		20,633	43,967	32,027	14,970	46,997

- 8 -