Consolidated Financial Results

Supplementary Information

for the Three-month Ended June 30, 2020

Five-Year Summary

Segment Information

ORIX Corporation

(NYSE: IX; TSE: 8591)

Contents

Page

1

Segment Information

: Segment Profits, Assets and ROA

2-3

Segment Asset Details (1) (2)

: 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

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

Corporate Planning Department

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

Tokyo 105-6135, Japan

Tel: +81-3-3435-3121

(Unaudited)

Segment Information

(Millions of yen)

Segment

Segment Information

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

Corporate Financial Services and

Segment Profits

96,264

107,340

78,310

15,457

17,124

17,216

13,181

62,978

10,207

Maintenance Leasing

Segment Assets

1,909,287

1,850,929

1,841,791

1,831,648

1,834,775

1,853,827

1,789,693

1,789,693

1,743,872

Segment Asset ROA

3.40%

3.90%

2.91%

2.31%

2.43%

2.46%

2.38%

2.38%

1.58%

Real Estate

Segment Profits

88,129

78,845

93,748

5,533

41,911

10,514

22,224

80,182

1,515

Segment Assets

900,042

849,535

759,466

895,578

821,030

831,206

821,194

821,194

816,468

Segment Asset ROA

6.40%

6.16%

7.98%

1.83%

8.23%

6.66%

6.95%

6.95%

0.51%

PE Investment and Concession

Segment Profits

52,996

51,108

23,061

10,255

9,394

24,007

454

44,110

4,492

Segment Assets

233,083

233,308

279,915

268,499

295,729

275,742

322,522

322,522

332,390

Segment Asset ROA

16.66%

14.97%

6.16%

10.25%

9.35%

14.35%

10.03%

10.03%

3.76%

Environment and Energy

Segment Profits

12,093

27,016

12,144

3,717

4,810

3,058

40

11,625

8,103

Segment Assets

276,951

370,956

395,606

428,085

426,014

483,256

478,796

478,796

482,835

Segment Asset ROA

3.28%

5.70%

2.17%

2.47%

2.84%

2.41%

1.82%

1.82%

4.62%

Insurance

Segment Profits

52,003

46,338

51,544

13,168

12,758

17,651

1,256

44,833

17,962

Segment Assets

1,306,438

1,055,388

1,254,471

1,361,091

1,467,165

1,557,406

1,580,158

1,580,158

1,663,980

Segment Asset ROA

2.43%

2.68%

3.06%

2.76%

2.61%

2.83%

2.17%

2.17%

3.03%

Banking and Credit

Segment Profits

24,589

32,084

36,434

9,150

9,619

10,672

9,655

39,096

11,452

Segment Assets

1,986,765

2,118,869

2,316,738

2,373,743

2,479,358

2,552,931

2,603,736

2,603,736

2,629,450

Segment Asset ROA

0.88%

1.07%

1.13%

1.07%

1.07%

1.10%

1.09%

1.09%

1.20%

Aircraft and Ships

Segment Profits

12,627

20,330

36,422

10,550

6,292

16,452

11,993

45,287

7,288

Segment Assets

296,850

381,703

646,284

645,114

642,045

678,392

585,304

585,304

586,132

Segment Asset ROA

3.20%

4.09%

4.85%

4.48%

3.58%

4.59%

5.04%

5.04%

3.41%

ORIX USA

Segment Profits

43,268

41,111

50,056

15,798

20,096

14,395

6,401

56,690

249

Segment Assets

1,003,224

869,726

1,152,891

1,113,008

1,131,606

1,216,599

1,374,027

1,374,027

1,316,795

Segment Asset ROA

3.10%

3.00%

3.39%

3.82%

4.31%

3.88%

3.07%

3.07%

0.05%

ORIX Europe

Segment Profits

36,180

44,878

35,629

8,563

8,125

8,424

18,666

43,778

6,738

Segment Assets

317,345

353,828

343,080

335,897

322,932

336,178

317,847

317,847

326,740

Segment Asset ROA

7.51%

9.13%

7.00%

6.91%

6.87%

6.75%

9.07%

9.07%

5.73%

Asia and Australia

Segment Profits

23,261

4,165

7,521

14,034

5,153

6,889

(11,403)

14,673

7,390

Segment Assets

960,682

1,003,562

996,674

1,000,450

990,716

1,052,000

1,010,268

1,010,268

1,007,993

Segment Asset ROA

1.70%

0.29%

0.52%

3.85%

2.65%

2.32%

1.00%

1.00%

2.01%

Total

Segment Profits

441,410

453,215

424,869

106,225

135,282

129,278

72,467

443,252

75,396

Segment Assets

9,190,667

9,087,804

9,986,916

10,253,113

10,411,370

10,837,537

10,883,545

10,883,545

10,906,655

Adjustment of Segment Profits to

Consolidated Statement

(16,445)

(17,714)

(29,139)

(7,365)

(5,513)

(7,449)

(10,364)

(30,691)

(7,765)

Amounts

Income before Income Taxes

424,965

435,501

395,730

98,860

129,769

121,829

62,103

412,561

67,631

  • Segment Asset ROA is calculated using accumulated Segment Profits (after tax).
  • Since the first quarter of fiscal 2019, VIEs for securitizing financial assets such as finance lease receivables and loan receivables are included in segment revenues, segment profits and segment assets, and the amounts that had previously been reported have been reclassified for this change.
  • Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020.
  • Accounting Standards Update 2018-20("Narrow-Scope Improvements for Lessors"―ASC 842 ("Leases")) has been adopted since the fourth quarter of fiscal 2020,

and presentation of income statement regarding the certain lessor costs of finance lease and operating lease, such as the property taxes has been changed. The presented amounts since the first quarter of fiscal 2020 have been retrospectively reclassified for the adoption.

  • Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021.
  • Since the first quarter of fiscal 2021, the reportable segments have been reorganized. As a result of this change, segment data for the previous fiscal year has been retrospectively restated.
  • Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.

- 1 -

(Unaudited)

Segment Asset Details (1)

2017.3

(Millions of yen)

Corporate

PE

Financial

Assets by Segment

Real Estate

Investment

Environment

Banking and

Aircraft and

Asia and

Services and

Insurance

ORIX USA

ORIX Europe

Total

and

and Energy

Credit

Ships

Australia

Maintenance

Concession

Leasing

Investment in Direct Financing Leases

736,856

82,749

26,016

448

70

(1)

579

357,154

1,203,871

Installment Loans

474,360

4

23

(2)

11,524

1,715,455

24,011

450,822

138,693

2,814,890

Investment in Operating Leases

514,276

323,490

2,130

46,243

235,211

21,824

163,530

1,306,704

Investment in Securities

44,923

4,897

35,645

1,891

1,243,771

258,904

9

359,237

20,863

53,202

2,023,342

Property under Facility Operations and Servicing Assets

13,751

180,632

31,634

155,961

25,792

3,913

411,683

Inventories

496

90,548

21,951

2,866

347

1,351

112

117,671

Advances for DFL and Operating Lease

369

19,803

115

6,374

1,801

849

29,311

Investment in Affiliates

20,517

110,552

40,790

19,485

565

10,429

84,848

1,273

235,604

524,063

Advances for Property under Facility Operations

139

11,196

326

54,855

39

66,555

Goodwill, Intangible Assets Acquired in Business Combinations

103,600

76,171

102,714

13,634

4,452

11,771

20,470

56,970

295,209

7,586

692,577

Total

1,909,287

900,042

233,083

276,951

1,306,438

1,986,765

296,850

1,003,224

317,345

960,682

9,190,667

2018.3

(Millions of yen)

Corporate

PE

Financial

Assets by Segment

Real Estate

Investment

Environment

Banking and

Aircraft and

Asia and

Services and

Insurance

ORIX USA

ORIX Europe

Total

and

and Energy

Credit

Ships

Australia

Maintenance

Concession

Leasing

Investment in Direct Financing Leases

709,719

82,923

25,497

208

(1)

508

368,215

1,187,069

Installment Loans

429,323

313

23

(28)

7,554

1,845,207

41,898

321,327

171,361

2,816,978

Investment in Operating Leases

524,886

275,373

2,104

44,319

284,332

16,801

189,999

1,337,814

Investment in Securities

28,478

4,356

19,688

163

998,855

261,436

335,053

35,532

42,852

1,726,413

Property under Facility Operations and Servicing Assets

15,979

191,172

25,981

182,124

40,374

3,621

459,251

Inventories

509

80,108

23,253

1,007

5,718

205

110,800

Advances for DFL and Operating Lease

302

21,737

146

6,955

1,608

925

31,673

Investment in Affiliates

19,089

100,220

54,331

102,564

455

22,762

71,179

1,453

219,175

591,228

Advances for Property under Facility Operations

720

19,351

668

44,234

64,973

Goodwill, Intangible Assets Acquired in Business Combinations

121,924

73,982

109,364

13,145

4,452

11,771

25,757

77,158

316,843

7,209

761,605

Total

1,850,929

849,535

233,308

370,956

1,055,388

2,118,869

381,703

869,726

353,828

1,003,562

9,087,804

2019.3

(Millions of yen)

Corporate

PE

Financial

Assets by Segment

Real Estate

Investment

Environment

Banking and

Aircraft and

Asia and

Services and

Insurance

ORIX USA

ORIX Europe

Total

and

and Energy

Credit

Ships

Australia

Maintenance

Concession

Leasing

Investment in Direct Financing Leases

688,567

78,739

163

25,533

42

(1)

1,631

360,761

1,155,435

Installment Loans

412,363

316

23

5

11,778

2,038,202

33,868

594,264

186,715

3,277,534

Investment in Operating Leases

546,563

241,981

2,030

29,810

295,982

13,022

200,114

1,329,502

Investment in Securities

38,935

8,039

17,798

1,080

1,208,389

266,361

134

305,294

43,661

36,252

1,925,943

Property under Facility Operations and Servicing Assets

17,974

141,949

25,568

239,413

40,539

3,609

469,052

Inventories

638

80,920

30,217

559

558

2,487

116

115,495

Advances for DFL and Operating Lease

765

29,973

1,340

7,625

513

2,794

43,010

Investment in Affiliates

16,536

107,072

59,913

102,053

404

285,896

69,750

1,636

199,400

842,660

Advances for Property under Facility Operations

6,790

244

11,047

18,081

Goodwill, Intangible Assets Acquired in Business Combinations

119,450

63,687

145,989

12,546

4,452

11,771

22,222

125,391

297,783

6,913

810,204

Total

1,841,791

759,466

279,915

395,606

1,254,471

2,316,738

646,284

1,152,891

343,080

996,674

9,986,916

- 2 -

(Unaudited)

Segment Asset Details (2)

2020.3

(Millions of yen)

Corporate

PE

Financial

Assets by Segment

Real Estate

Investment

Environment

Banking and

Aircraft and

Asia and

Services and

Insurance

ORIX USA

ORIX Europe

Total

and

and Energy

Credit

Ships

Australia

Maintenance

Concession

Leasing

Net Investment in Leases *

648,627

73,279

141

25,355

1,839

1,172

330,346

1,080,759

Installment Loans

379,541

17,720

2,318,347

24,088

778,249

222,465

3,740,410

Investment in Operating Leases *

572,492

319,550

9,367

1,958

29,271

253,717

9,148

195,660

1,391,163

Investment in Securities

28,616

7,274

17,916

191

1,528,042

273,218

320,217

38,057

29,248

2,242,779

Property under Facility Operations and Servicing Assets

*

19,992

140,416

43,735

338,695

66,416

2,600

611,854

Inventories

736

82,762

40,263

394

1,442

242

125,839

Advances for Finance Lease and Operating Lease

293

37,272

1,861

4,990

1,259

1,742

47,417

Investment in Affiliates

18,347

91,835

68,603

82,253

400

284,453

52,361

1,495

221,853

821,600

Advances for Property under Facility Operations

760

7,327

245

12,229

20,561

Goodwill, Intangible Assets Acquired in Business Combinations

120,289

61,479

142,252

15,860

5,125

11,771

16,217

143,763

278,295

6,112

801,163

Total

1,789,693

821,194

322,522

478,796

1,580,158

2,603,736

585,304

1,374,027

317,847

1,010,268

10,883,545

2020.6

(Millions of yen)

Corporate

PE

Financial

Assets by Segment

Real Estate

Investment

Environment

Banking and

Aircraft and

Asia and

Services and

Insurance

ORIX USA

ORIX Europe

Total

and

and Energy

Credit

Ships

Australia

Maintenance

Concession

Leasing

Net Investment in Leases *

629,419

72,107

134

25,251

4,775

1,084

326,587

1,059,357

Installment Loans

362,928

18,794

2,347,904

19,774

731,928

229,691

3,711,019

Investment in Operating Leases *

561,735

304,869

9,574

1,893

29,219

255,863

7,466

205,803

1,376,422

Investment in Securities

28,901

8,047

21,212

75

1,610,842

269,425

313,474

44,519

27,276

2,323,771

Property under Facility Operations and Servicing Assets

*

19,633

139,593

43,352

347,663

66,324

1,963

618,528

Inventories

660

85,882

41,083

403

10

1,061

267

129,366

Advances for Finance Lease and Operating Lease

2,231

43,764

1,084

5,726

1,344

2,020

56,169

Investment in Affiliates

18,103

93,694

64,671

81,573

350

285,138

54,027

1,479

208,259

807,294

Advances for Property under Facility Operations

760

7,557

4,480

13,120

25,917

Goodwill, Intangible Assets Acquired in Business Combinations

119,502

60,955

147,884

11,773

5,125

11,771

14,846

140,087

280,742

6,127

798,812

Total

1,743,872

816,468

332,390

482,835

1,663,980

2,629,450

586,132

1,316,795

326,740

1,007,993

10,906,655

  • Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.
  • Since the first quarter of fiscal 2021, the reportable segments have been reorganized. As a result of this change, segment data for the previous fiscal year has been retrospectively restated.

- 3 -

(Unaudited)

Corporate Financial Services and Maintenance Leasing (1)

(Millions of yen)

Segment Income Statement Data

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

Finance revenues *1

51,200

48,125

46,564

15,154

15,232

15,425

15,591

61,402

14,020

Gains on investment securities and dividends

3,717

17,713

(744)

545

127

865

(1,426)

111

642

Operating leases *1

205,672

207,536

213,403

59,576

61,995

61,513

60,893

243,977

58,158

Sales of goods and real estate

8,105

8,157

9,771

2,832

3,192

3,033

2,479

11,536

2,392

Services income

105,019

107,703

109,773

25,642

27,251

28,819

29,298

111,010

26,590

Total Segment Revenues :

373,713

389,234

378,767

103,749

107,797

109,655

106,835

428,036

101,802

Interest expense

9,752

8,102

6,832

1,599

1,588

1,573

1,443

6,203

1,448

Costs of operating leases *1

150,049

152,128

161,539

47,198

48,912

48,861

49,191

194,162

48,773

Costs of goods and real estate sold

4,559

4,698

6,115

1,734

1,953

1,735

1,392

6,814

1,621

Services expense

43,968

45,260

47,977

12,166

12,783

14,499

13,572

53,020

13,713

Selling, general and administrative expenses *2

74,953

74,695

76,282

21,753

21,224

21,961

22,395

87,333

21,883

Provision for doubtful receivables and probable loan losses,

provision for credit losses, and write-downs of long-lived

(1,133)

361

1,760

332

156

23

678

1,189

299

assets and securities *3

Other

*1

(1,661)

(798)

271

4,671

4,460

4,291

4,226

17,648

3,813

Total Segment Expenses :

280,487

284,446

300,776

89,453

91,076

92,943

92,897

366,369

91,550

Segment Operating Income

93,226

104,788

77,991

14,296

16,721

16,712

13,938

61,667

10,252

Equity in Net Income (Loss) of Affiliates and others

3,038

2,552

319

1,161

403

504

(757)

1,311

(45)

Segment Profits

96,264

107,340

78,310

15,457

17,124

17,216

13,181

62,978

10,207

*1 Accounting Standards Update 2018-20("Narrow-Scope Improvements for Lessors"―ASC 842 ("Leases")) has been adopted since the fourth quarter of fiscal 2020, and presentation of income statement regarding the certain lessor costs of finance lease and operating lease, such as the property taxes has been changed.

The presented amounts since the first quarter of fiscal 2020 have been retrospectively reclassified for the adoption.

*2 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.

*3 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.

(Millions of yen)

Segment Profits

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

Corporate Financial Services

46,653

56,536

28,921

4,644

5,593

5,220

2,922

18,379

3,020

Yayoi

5,712

6,474

6,304

1,935

1,902

1,662

1,157

6,656

1,721

Auto

33,534

33,272

30,696

6,306

6,565

7,027

6,211

26,109

3,920

Rentec

10,365

11,058

12,389

2,572

3,064

3,307

2,891

11,834

1,546

Total Segment Profits

96,264

107,340

78,310

15,457

17,124

17,216

13,181

62,978

10,207

- 4 -

(Unaudited)

Corporate Financial Services and Maintenance Leasing (2)

(Millions of yen)

Segment Assets

2017.3

2018.3

2019.3

2019.6

2019.9

2019.12

2020.3

2020.6

Net Investment in Leases *

736,856

709,719

688,567

680,663

674,860

670,227

648,627

629,419

Installment Loans

474,360

429,323

412,363

406,013

409,250

414,454

379,541

362,928

Investment in Operating Leases *

514,276

524,886

546,563

557,372

562,954

577,531

572,492

561,735

Investment in Securities

44,923

28,478

38,935

26,202

26,143

30,411

28,616

28,901

Property under Facility Operations *

13,751

15,979

17,974

20,851

20,507

20,250

19,992

19,633

Inventories

496

509

638

800

815

820

736

660

Advances for Finance Lease and Operating Lease

369

302

765

322

319

335

293

2,231

Investment in Affiliates

20,517

19,089

16,536

17,018

17,486

18,050

18,347

18,103

Advances for Property under Facility Operations

139

720

763

760

760

760

Goodwill, Intangible Assets Acquired in Business Combinations

103,600

121,924

119,450

122,407

121,678

120,989

120,289

119,502

Total Segment Assets

1,909,287

1,850,929

1,841,791

1,831,648

1,834,775

1,853,827

1,789,693

1,743,872

  • Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.

(Millions of yen)

Segment Assets

2017.3

2018.3

2019.3

2019.6

2019.9

2019.12

2020.3

2020.6

Corporate Financial Services

999,904

903,012

868,965

852,336

850,260

855,123

802,763

772,310

Yayoi

102,660

100,727

99,051

98,632

98,238

97,760

97,314

96,691

Auto

704,669

731,335

745,215

749,967

750,631

755,138

740,274

727,838

Rentec

102,054

115,855

128,560

130,713

135,646

145,806

149,342

147,033

Total Segment Assets

1,909,287

1,850,929

1,841,791

1,831,648

1,834,775

1,853,827

1,789,693

1,743,872

(Thousand Autos)

Automobile Operations

2017.3

2018.3

2019.3

2019.9

2020.3

Number of Automobiles Under Management in Japan

1,284

1,347

1,406

1,433

1,439

- 5 -

(Unaudited)

Real Estate (1)

(Millions of yen)

Segment Income Statement Data

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

Finance revenues *1

6,530

6,868

6,265

1,721

1,710

1,604

1,688

6,723

1,592

Operating leases

94,925

54,721

72,309

12,878

22,444

12,722

15,105

63,149

12,568

Sales of goods and real estate

121,950

131,829

141,489

15,363

32,118

20,294

54,455

122,230

21,476

Services income

286,455

298,964

311,590

64,078

79,210

68,571

64,264

276,123

43,042

Other

420

558

(31)

(212)

118

240

(285)

(139)

(29)

Total Segment Revenues :

510,280

492,940

531,622

93,828

135,600

103,431

135,227

468,086

78,649

Interest expense

3,730

2,641

2,633

496

408

359

586

1,849

573

Costs of operating leases

30,706

29,964

27,676

6,802

6,678

6,424

6,750

26,654

6,235

Costs of goods and real estate sold

100,853

112,204

121,414

15,383

28,568

19,153

45,533

108,637

18,279

Services expense

244,475

256,447

262,749

55,304

65,961

59,665

58,166

239,096

44,324

Selling, general and administrative expenses *2

39,061

37,238

38,367

10,357

9,151

8,982

10,100

38,590

9,300

Provision for doubtful receivables and probable loan losses,

provision for credit losses, and write-downs of long-lived

3,909

4,253

1,662

52

165

(28)

356

545

93

assets and securities *3

Other

*1

249

128

723

423

637

181

26

1,267

(724)

Total Segment Expenses :

422,983

442,875

455,224

88,817

111,568

94,736

121,517

416,638

78,080

Segment Operating Income

87,297

50,065

76,398

5,011

24,032

8,695

13,710

51,448

569

Equity in Net Income (Loss) of Affiliates and others

832

28,780

17,350

522

17,879

1,819

8,514

28,734

946

Segment Profits

88,129

78,845

93,748

5,533

41,911

10,514

22,224

80,182

1,515

*1 Accounting Standards Update 2018-20("Narrow-Scope Improvements for Lessors"―ASC 842 ("Leases")) has been adopted since the fourth quarter of fiscal 2020, and presentation of income statement regarding the certain lessor costs of finance lease and operating lease, such as the property taxes has been changed.

The presented amounts since the first quarter of fiscal 2020 have been retrospectively reclassified for the adoption.

*2 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.

*3 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.

(Millions of yen)

Segment Profits

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

RE Investment and Facilities Operation

76,152

66,335

74,488

7,549

34,476

8,401

8,601

59,027

(1,055)

DAIKYO

11,977

12,510

19,260

(2,016)

7,435

2,113

13,623

21,155

2,570

Total Segment Profits

88,129

78,845

93,748

5,533

41,911

10,514

22,224

80,182

1,515

(Millions of yen)

Services income

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

Revenues from real estate management and contract work

181,938

185,343

188,579

40,299

55,313

49,470

50,815

195,897

39,506

Facilities operation

93,351

98,853

112,769

20,639

21,047

16,069

11,079

68,834

1,587

Other

11,166

14,768

10,242

3,140

2,850

3,032

2,370

11,392

1,949

Total Services income

286,455

298,964

311,590

64,078

79,210

68,571

64,264

276,123

43,042

(Millions of yen)

Gains on sales

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

Gains on Rental Property Sales (included in Operating leases)

50,708

13,328

35,339

4,357

14,043

4,637

7,110

30,147

4,693

Gains on sales of property under operations (included in Services income)

81

84

13,435

630

422

168

218

1,438

219

Gains on sales (included in Equity in Net Income (Loss) of Affiliates) and others

1,491

33,767

9,427

(301)

16,233

1,116

6,079

23,127

428

Total Gains on sales

52,280

47,179

58,201

4,686

30,698

5,921

13,407

54,712

5,340

- 6 -

(Unaudited)

Real Estate (2)

(Millions of yen)

Segment Assets

2017.3

2018.3

2019.3

2019.6

2019.9

2019.12

2020.3

2020.6

Net Investment in Leases *

82,749

82,923

78,739

76,888

75,210

74,534

73,279

72,107

Installment Loans

4

313

316

316

Investment in Operating Leases *

323,490

275,373

241,981

344,083

320,666

321,681

319,550

304,869

Investment in Securities

4,897

4,356

8,039

7,743

7,885

7,583

7,274

8,047

Property under Facility Operations *

180,632

191,172

141,949

173,502

125,404

124,694

140,416

139,593

Inventories

90,548

80,108

80,920

91,704

90,242

96,971

82,762

85,882

Advances for Finance Lease and Operating Lease

19,803

21,737

29,973

29,316

33,020

37,880

37,272

43,764

Investment in Affiliates

110,552

100,220

107,072

102,072

98,889

96,205

91,835

93,694

Advances for Property under Facility Operations

11,196

19,351

6,790

6,902

7,186

9,655

7,327

7,557

Goodwill, Intangible Assets Acquired in Business Combinations

76,171

73,982

63,687

63,052

62,528

62,003

61,479

60,955

Total Segment Assets

900,042

849,535

759,466

895,578

821,030

831,206

821,194

816,468

  • Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.

(Millions of yen)

Segment Assets

2017.3

2018.3

2019.3

2019.6

2019.9

2019.12

2020.3

2020.6

RE Investment and Facilities Operation

713,851

667,804

554,694

673,967

604,249

604,838

611,462

603,050

DAIKYO

186,191

181,731

204,772

221,611

216,781

226,368

209,732

213,418

Total Segment Assets

900,042

849,535

759,466

895,578

821,030

831,206

821,194

816,468

(Billions of yen)

Asset Management Business

2017.3

2018.3

2019.3

2019.9

2020.3

ORIX Asset Management Corporation *

639.5

659.7

673.9

677.3

681.0

ORIX Real Estate Investment Advisors Corporation

393.1

425.5

538.0

586.4

633.8

End of Period Total AUM

1,032.6

1,085.2

1,211.9

1,263.7

1,314.8

* 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.

- 7 -

(Unaudited)

PE Investment and Concession (1)

(Millions of yen)

Segment Income Statement Data

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

Finance revenues

192

116

116

30

30

30

34

124

37

Gains on investment securities and dividends

11,756

7,467

850

595

535

1,400

(1,945)

585

(44)

Sales of goods and real estate

812,328

916,223

429,447

66,987

56,714

70,354

67,420

261,475

83,035

Services income

16,620

25,719

36,629

9,864

9,089

8,263

5,249

32,465

5,105

Other

1,716

1,716

1,640

Total Segment Revenues :

840,896

949,525

467,042

77,476

66,368

80,047

72,474

296,365

89,773

Interest expense

1,261

1,237

1,235

311

290

249

337

1,187

394

Costs of goods and real estate sold

767,824

868,327

395,502

56,995

49,689

63,423

59,798

229,905

71,940

Services expense

11,127

19,209

25,183

6,640

6,257

5,348

3,776

22,021

3,552

Selling, general and administrative expenses *1

39,879

40,104

35,543

8,240

8,645

7,581

9,051

33,517

8,520

Provision for doubtful receivables and probable loan losses,

provision for credit losses, and write-downs of long-lived

7,021

167

154

47

19

(9)

41

98

11

assets and securities *2

Other

79

1,500

(163)

1

(245)

(20)

1,066

802

627

Total Segment Expenses :

827,191

930,544

457,454

72,234

64,655

76,572

74,069

287,530

85,044

Segment Operating Income

13,705

18,981

9,588

5,242

1,713

3,475

(1,595)

8,835

4,729

Equity in Net Income (Loss) of Affiliates and others

39,291

32,127

13,473

5,013

7,681

20,532

2,049

35,275

(237)

Segment Profits

52,996

51,108

23,061

10,255

9,394

24,007

454

44,110

4,492

*1 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.

*2 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.

(Millions of yen)

Segment Profits

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

PE Investment

47,064

38,894

10,052

7,081

1,631

19,765

(3,687)

24,790

4,607

Concession

5,932

12,214

13,009

3,174

7,763

4,242

4,141

19,320

(115)

Total Segment Profits

52,996

51,108

23,061

10,255

9,394

24,007

454

44,110

4,492

- 8 -

(Unaudited)

PE Investment and Concession (2)

(Millions of yen)

Segment Assets

2017.3

2018.3

2019.3

2019.6

2019.9

2019.12

2020.3

2020.6

Net Investment in Leases *

163

161

154

148

141

134

Installment Loans

23

23

23

Investment in Operating Leases

8,760

8,709

9,367

9,574

Investment in Securities

35,645

19,688

17,798

18,173

17,765

18,174

17,916

21,212

Property under Facility Operations *

31,634

25,981

25,568

26,968

26,533

26,085

43,735

43,352

Inventories

21,951

23,253

30,217

28,673

32,645

31,678

40,263

41,083

Investment in Affiliates

40,790

54,331

59,913

62,770

62,720

67,009

68,603

64,671

Advances for Property under Facility Operations

326

668

244

79

117

281

245

4,480

Goodwill, Intangible Assets Acquired in Business Combinations

102,714

109,364

145,989

131,675

147,035

123,658

142,252

147,884

Total Segment Assets

233,083

233,308

279,915

268,499

295,729

275,742

322,522

332,390

  • Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.

(Millions of yen)

Segment Assets

2017.3

2018.3

2019.3

2019.6

2019.9

2019.12

2020.3

2020.6

PE Investment

196,134

188,463

230,754

216,304

243,550

219,424

262,413

272,430

Concession

36,949

44,845

49,161

52,195

52,179

56,318

60,109

59,960

Total Segment Assets

233,083

233,308

279,915

268,499

295,729

275,742

322,522

332,390

- 9 -

(Unaudited)

Environment and Energy (1)

(Millions of yen)

Segment Income Statement Data

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

Finance revenues *1

1,221

1,221

1,362

433

414

435

677

1,959

579

Services income

101,464

113,861

132,108

36,231

38,985

32,918

33,580

141,714

32,952

Other

13,288

8,298

6,184

995

1,269

1,232

1,254

4,750

695

Total Segment Revenues :

115,973

123,380

139,654

37,659

40,668

34,585

35,511

148,423

34,226

Interest expense

3,206

4,191

5,651

1,515

1,637

1,641

2,939

7,732

2,873

Services expense

80,112

90,876

106,264

27,892

30,709

26,274

26,268

111,143

22,984

Selling, general and administrative expenses *2

9,958

10,337

11,172

3,083

3,017

2,573

3,134

11,807

3,144

Provision for doubtful receivables and probable loan losses,

provision for credit losses, and write-downs of long-lived

768

2

162

(3)

2

(8)

2,090

2,081

463

assets and securities *3

Other

*1

11,069

6,260

5,460

1,011

975

853

208

3,047

651

Total Segment Expenses :

105,113

111,666

128,709

33,498

36,340

31,333

34,639

135,810

30,115

Segment Operating Income

10,860

11,714

10,945

4,161

4,328

3,252

872

12,613

4,111

Equity in Net Income (Loss) of Affiliates and others

1,233

15,302

1,199

(444)

482

(194)

(832)

(988)

3,992

Segment Profits

12,093

27,016

12,144

3,717

4,810

3,058

40

11,625

8,103

*1 Accounting Standards Update 2018-20("Narrow-Scope Improvements for Lessors"―ASC 842 ("Leases")) has been adopted since the fourth quarter of fiscal 2020, and presentation of income statement regarding the certain lessor costs of finance lease and operating lease, such as the property taxes has been changed.

The presented amounts since the first quarter of fiscal 2020 have been retrospectively reclassified for the adoption.

*2 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.

*3 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.

- 10 -

(Unaudited)

Environment and Energy (2)

(Millions of yen)

Segment Assets

2017.3

2018.3

2019.3

2019.6

2019.9

2019.12

2020.3

2020.6

Net Investment in Leases *

26,016

25,497

25,533

25,294

25,232

26,594

25,355

25,251

Installment Loans

(2)

(28)

5

4

5

Investment in Operating Leases

2,130

2,104

2,030

1,931

1,997

1,890

1,958

1,893

Investment in Securities

1,891

163

1,080

746

597

465

191

75

Property under Facility Operations *

155,961

182,124

239,413

271,137

273,629

338,181

338,695

347,663

Inventories

2,866

1,007

559

474

378

402

394

403

Advances for Finance Lease and Operating Lease

115

146

1,340

1,256

917

914

1,861

1,084

Investment in Affiliates

19,485

102,564

102,053

101,965

99,748

81,921

82,253

81,573

Advances for Property under Facility Operations

54,855

44,234

11,047

12,915

11,309

16,910

12,229

13,120

Goodwill, Intangible Assets Acquired in Business Combinations

13,634

13,145

12,546

12,363

12,202

15,979

15,860

11,773

Total Segment Assets

276,951

370,956

395,606

428,085

426,014

483,256

478,796

482,835

  • Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.

- 11 -

(Unaudited)

Insurance (1)

(Millions of yen)

Segment Income Statement Data

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

Finance revenues

163

296

221

52

53

55

60

220

58

Life insurance premiums and related investment income

297,886

353,948

349,207

88,205

95,366

108,781

77,792

370,144

116,631

Other

(4,902)

977

1,526

277

247

260

239

1,023

383

Total Segment Revenues :

293,147

355,221

350,954

88,534

95,666

109,096

78,091

371,387

117,072

Interest expense

1

1

1

1

1

Life insurance costs

201,417

256,843

247,809

62,293

69,623

78,383

61,644

271,943

85,380

Selling, general and administrative expenses *1

45,701

51,996

51,985

13,070

12,883

13,062

15,201

54,216

13,733

Provision for doubtful receivables and probable loan losses,

provision for credit losses, and write-downs of long-lived

(3)

29

(1)

(1)

2

(1)

assets and securities *2

Other

(5,972)

43

(414)

4

402

1

1

408

(1)

Total Segment Expenses :

241,144

308,883

299,410

75,366

82,908

91,445

76,849

326,568

99,111

Segment Operating Income

52,003

46,338

51,544

13,168

12,758

17,651

1,242

44,819

17,961

Equity in Net Income (Loss) of Affiliates and others

14

14

1

Segment Profits

52,003

46,338

51,544

13,168

12,758

17,651

1,256

44,833

17,962

of which Hartford

4,290

3,561

(4,243)

375

(577)

3,062

(9,021)

(6,161)

4,336

*1 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.

*2 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.

- 12 -

(Unaudited)

Insurance (2)

(Millions of yen)

Segment Assets

2017.3

2018.3

2019.3

2019.6

2019.9

2019.12

2020.3

2020.6

Net Investment in Leases *

448

208

42

19

1

Installment Loans

11,524

7,554

11,778

11,899

15,831

17,531

17,720

18,794

Investment in Operating Leases

46,243

44,319

29,810

29,677

29,501

29,350

29,271

29,219

Investment in Securities

1,243,771

998,855

1,208,389

1,315,044

1,417,380

1,506,073

1,528,042

1,610,842

Goodwill, Intangible Assets Acquired in Business Combinations

4,452

4,452

4,452

4,452

4,452

4,452

5,125

5,125

Total Segment Assets

1,306,438

1,055,388

1,254,471

1,361,091

1,467,165

1,557,406

1,580,158

1,663,980

  • Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.

(Thousands)

Life Insurance Business

2017.3

2018.3

2019.3

2019.6

2019.9

2019.12

2020.3

2020.6

Number of Insurance Policies in Force

3,487

3,936

4,256

4,327

4,391

4,457

4,526

4,582

Number of New Insurance Policies in Force (accumulated)

711

637

539

128

249

370

496

102

- 13 -

(Unaudited)

Banking and Credit (1)

(Millions of yen)

Segment Income Statement Data

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

Finance revenues

67,968

72,634

76,473

19,405

20,607

20,049

20,807

80,868

19,594

Other

7,585

1,816

2,431

902

874

993

718

3,487

1,070

Total Segment Revenues :

75,553

74,450

78,904

20,307

21,481

21,042

21,525

84,355

20,664

Interest expense

4,074

4,024

4,078

1,017

1,084

1,160

1,227

4,488

1,229

Selling, general and administrative expenses *1

27,550

23,285

22,924

5,634

5,603

5,666

6,736

23,639

5,787

Provision for doubtful receivables and probable loan losses,

provision for credit losses, and write-downs of long-lived

10,112

11,244

11,512

3,075

3,641

3,052

2,203

11,971

514

assets and securities *2

Other

9,234

3,817

3,959

1,432

1,535

492

1,705

5,164

1,683

Total Segment Expenses :

50,970

42,370

42,473

11,158

11,863

10,370

11,871

45,262

9,213

Segment Operating Income

24,583

32,080

36,431

9,149

9,618

10,672

9,654

39,093

11,451

Equity in Net Income (Loss) of Affiliates and others

6

4

3

1

1

1

3

1

Segment Profits

24,589

32,084

36,434

9,150

9,619

10,672

9,655

39,096

11,452

*1 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.

*2 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.

(Millions of yen)

Segment Profits

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

Banking

17,858

21,577

24,975

6,154

6,930

7,702

6,123

26,909

6,151

Credit

6,731

10,507

11,459

2,996

2,689

2,970

3,532

12,187

5,301

Total Segment Profits

24,589

32,084

36,434

9,150

9,619

10,672

9,655

39,096

11,452

- 14 -

(Unaudited)

Banking and Credit (2)

(Millions of yen)

Segment Assets

2017.3

2018.3

2019.3

2019.6

2019.9

2019.12

2020.3

2020.6

Investment in Direct Financing Leases

70

Installment Loans

1,715,455

1,845,207

2,038,202

2,117,899

2,204,175

2,274,205

2,318,347

2,347,904

Investment in Securities

258,904

261,436

266,361

243,728

263,123

266,716

273,218

269,425

Investment in Affiliates

565

455

404

345

289

239

400

350

Goodwill, Intangible Assets Acquired in Business Combinations

11,771

11,771

11,771

11,771

11,771

11,771

11,771

11,771

Total Segment Assets

1,986,765

2,118,869

2,316,738

2,373,743

2,479,358

2,552,931

2,603,736

2,629,450

(Millions of yen)

Segment Assets

2017.3

2018.3

2019.3

2019.6

2019.9

2019.12

2020.3

2020.6

Banking

1,817,787

1,937,440

2,132,684

2,192,174

2,297,312

2,369,905

2,421,516

2,450,356

Credit

168,978

181,429

184,054

181,569

182,046

183,026

182,220

179,094

Total Segment Assets

1,986,765

2,118,869

2,316,738

2,373,743

2,479,358

2,552,931

2,603,736

2,629,450

(Millions of yen)

2017.3

2018.3

2019.3

2019.6

2019.9

2019.12

2020.3

2020.6

Credit - Consumer loans guarantee

249,719

297,153

343,119

342,507

346,335

342,156

341,466

324,094

- 15 -

(Unaudited)

Aircraft and Ships (1)

(Millions of yen)

Segment Income Statement Data

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

Finance revenues

1,127

3,810

3,095

701

683

503

591

2,478

296

Operating leases

27,415

38,959

52,625

11,374

9,955

14,108

13,834

49,271

6,455

Services income

8,163

9,439

12,406

2,378

1,678

2,327

3,833

10,216

796

Other

504

3,366

2,936

(14)

2,679

20

2,685

Total Segment Revenues :

37,209

55,574

71,062

14,439

14,995

16,958

18,258

64,650

7,547

Interest expense

5,805

9,255

13,848

4,768

4,634

4,637

4,363

18,402

3,836

Costs of operating leases

10,789

13,215

13,511

3,668

3,542

3,762

4,098

15,070

3,480

Services expense

2,973

2,930

4,178

1,011

892

815

1,661

4,379

48

Selling, general and administrative expenses *1

5,067

8,398

10,246

2,076

2,393

2,344

2,586

9,399

1,668

Provision for doubtful receivables and probable loan losses,

provision for credit losses, and write-downs of long-lived

1,153

323

(19)

assets and securities *2

Other

9

3,216

3,261

(1,213)

2,536

(70)

(464)

789

505

Total Segment Expenses :

25,796

37,014

45,367

10,310

13,997

11,488

12,244

48,039

9,518

Segment Operating Income

11,413

18,560

25,695

4,129

998

5,470

6,014

16,611

(1,971)

Equity in Net Income (Loss) of Affiliates and others

1,214

1,770

10,727

6,421

5,294

10,982

5,979

28,676

9,259

Segment Profits

12,627

20,330

36,422

10,550

6,292

16,452

11,993

45,287

7,288

of which Avolon

4,716

3,270

2,549

8,389

3,442

17,650

5,933

*1 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.

*2 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.

- 16 -

(Unaudited)

Aircraft and Ships (2)

(Millions of yen)

Segment Assets

2017.3

2018.3

2019.3

2019.6

2019.9

2019.12

2020.3

2020.6

Net Investment in Leases *

(1)

(1)

(1)

(1)

(1)

3,683

1,839

4,775

Installment Loans

24,011

41,898

33,868

33,442

29,832

25,465

24,088

19,774

Investment in Operating Leases

235,211

284,332

295,982

298,600

297,513

334,755

253,717

255,863

Investment in Securities

9

134

120

118

Inventories

347

558

898

10

Advances for Finance Lease and Operating Lease

6,374

6,955

7,625

6,135

6,018

4,673

4,990

5,726

Investment in Affiliates

10,429

22,762

285,896

281,439

284,228

288,990

284,453

285,138

Goodwill, Intangible Assets Acquired in Business Combinations

20,470

25,757

22,222

24,481

24,337

20,826

16,217

14,846

Total Segment Assets

296,850

381,703

646,284

645,114

642,045

678,392

585,304

586,132

  • Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.

- 17 -

(Unaudited)

ORIX USA (1)

(Millions of yen)

Segment Income Statement Data

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

Finance revenues

47,418

53,017

65,366

19,479

19,344

20,129

21,021

79,973

19,854

Gains on investment securities and dividends

9,450

12,168

16,013

3,319

5,729

2,269

4,639

15,956

(2,386)

Services income

22,869

26,194

33,895

8,378

8,300

11,052

9,386

37,116

6,394

Other

57,560

15,454

6,790

687

686

682

609

2,664

907

Total Segment Revenues :

137,297

106,833

122,064

31,863

34,059

34,132

35,655

135,709

24,769

Interest expense

13,645

17,062

22,921

7,312

5,746

5,862

6,223

25,143

5,432

Services expense

7,166

7,104

6,156

1,000

842

873

520

3,235

597

Selling, general and administrative expenses *1

50,548

46,424

55,425

14,095

13,859

19,721

19,256

66,931

15,171

Provision for doubtful receivables and probable loan losses,

provision for credit losses, and write-downs of long-lived

7,718

4,723

5,761

198

1,285

1,712

5,056

8,251

4,921

assets and securities *2

Other

40,876

8,728

2,773

689

(429)

(354)

(125)

(219)

(485)

Total Segment Expenses :

119,953

84,041

93,036

23,294

21,303

27,814

30,930

103,341

25,636

Segment Operating Income

17,344

22,792

29,028

8,569

12,756

6,318

4,725

32,368

(867)

Equity in Net Income (Loss) of Affiliates and others

25,924

18,319

21,028

7,229

7,340

8,077

1,676

24,322

1,116

Segment Profits

43,268

41,111

50,056

15,798

20,096

14,395

6,401

56,690

249

*1 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.

*2 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.

- 18 -

(Unaudited)

ORIX USA (2)

(Millions of yen)

Segment Assets

2017.3

2018.3

2019.3

2019.6

2019.9

2019.12

2020.3

2020.6

Net Investment in Leases *

579

508

1,631

1,511

1,438

1,256

1,172

1,084

Installment Loans

450,822

321,327

594,264

589,576

606,095

662,766

778,249

731,928

Investment in Operating Leases *

21,824

16,801

13,022

11,015

10,167

9,705

9,148

7,466

Investment in Securities

359,237

335,053

305,294

288,979

301,653

320,617

320,217

313,474

Property under Facility Operations and Servicing Assets *

25,792

40,374

40,539

40,380

41,211

42,650

66,416

66,324

Inventories

1,351

5,718

2,487

2,074

1,695

1,500

1,442

1,061

Advances for Finance Lease and Operating Lease

1,801

1,608

513

484

446

740

1,259

1,344

Investment in Affiliates

84,848

71,179

69,750

57,702

47,638

54,676

52,361

54,027

Goodwill, Intangible Assets Acquired in Business Combinations

56,970

77,158

125,391

121,287

121,263

122,689

143,763

140,087

Total Segment Assets

1,003,224

869,726

1,152,891

1,113,008

1,131,606

1,216,599

1,374,027

1,316,795

  • Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.

(Billions of USD)

Asset Management Business

2017.3

2018.3

2019.3

2019.6

2019.9

2019.12

2020.3

2020.6

End of Period AUM

39.7

48.3

54.8

56.4

58.1

59.8

76.5

77.1

- 19 -

(Unaudited)

ORIX Europe (1)

(Millions of yen)

Segment Income Statement Data

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

Finance revenues

63

414

688

116

114

163

166

559

50

Gains on investment securities and dividends

1,403

1,533

1,636

1,134

455

1,726

(5,394)

(2,079)

4,436

Services income

170,703

185,269

167,565

38,307

37,076

38,832

35,829

150,044

31,679

Total Segment Revenues :

172,169

187,216

169,889

39,557

37,645

40,721

30,601

148,524

36,165

Interest expense

1,711

2,805

2,046

327

221

299

289

1,136

477

Services expense

44,488

47,295

41,694

9,158

8,850

8,874

8,742

35,624

8,450

Selling, general and administrative expenses *1

85,726

91,482

87,845

20,387

19,897

21,228

19,871

81,383

16,996

Provision for doubtful receivables and probable loan losses,

provision for credit losses, and write-downs of long-lived

43

17

(93)

8

(25)

(17)

assets and securities *2

Other

2,206

1,126

2,380

1,024

457

1,840

(3,383)

(62)

2,767

Total Segment Expenses :

134,174

142,725

133,872

30,904

29,400

32,241

25,519

118,064

28,690

Segment Operating Income

37,995

44,491

36,017

8,653

8,245

8,480

5,082

30,460

7,475

Equity in Net Income (Loss) of Affiliates and others

(1,815)

387

(388)

(90)

(120)

(56)

13,584

13,318

(737)

Segment Profits

36,180

44,878

35,629

8,563

8,125

8,424

18,666

43,778

6,738

*1 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.

*2 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.

- 20 -

(Unaudited)

ORIX Europe (2)

(Millions of yen)

Segment Assets

2017.3

2018.3

2019.3

2019.6

2019.9

2019.12

2020.3

2020.6

Investment in Securities

20,863

35,532

43,661

42,498

41,399

45,062

38,057

44,519

Investment in Affiliates

1,273

1,453

1,636

1,694

1,560

1,549

1,495

1,479

Goodwill, Intangible Assets Acquired in Business Combinations

295,209

316,843

297,783

291,705

279,973

289,567

278,295

280,742

Total Segment Assets

317,345

353,828

343,080

335,897

322,932

336,178

317,847

326,740

(Billions of euro)

Asset Management Business

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

End of Period AUM

290.5

288.7

294.5

298.4

313.8

287.4

232.8

232.8

255.2

Net New Money

(13.1)

(2.1)

(15.8)

(1.3)

1.9

(0.4)

(5.1)

(4.9)

(4.4)

NNM as % of BoP AUM

(5.0)%

0.7%

(5.5)%

(0.4)%

0.6%

(0.1)%

(1.7)%

(1.6)%

(1.9)%

Institutional AUM

140.6

147.1

160.7

165.9

173.7

143.7

118.2

118.2

125.6

Retail AUM

150.0

141.6

133.8

132.5

140.1

143.7

114.6

114.6

129.6

- 21 -

(Unaudited)

Asia and Australia (1)

(Millions of yen)

Segment Income Statement Data

2016.4-2017.3

2017.4-2018.3

2018.4-2019.3

2019.4-6

2019.7-9

2019.10-12

2020.1-3

2019.4-2020.3

2020.4-6

Finance revenues *1

36,971

41,551

42,871

10,925

10,583

11,299

10,887

43,694

9,838

Gains on investment securities and dividends

1,977

3,752

(1,216)

8,415

(125)

581

100

8,971

(469)

Operating leases *1

59,075

67,198

67,080

16,955

16,356

16,647

16,364

66,322

15,738

Services income

14,947

17,712

19,244

4,902

4,607

4,755

4,059

18,323

3,167

Other

3,497

149

122

6

128

303

50

487

53

Total Segment Revenues :

116,467

130,362

128,101

41,203

31,549

33,585

31,460

137,797

28,327

Interest expense

19,139

22,414

24,007

5,964

5,878

5,811

5,676

23,329

5,084

Costs of operating leases *1

41,933

47,868

48,513

12,434

12,273

12,488

12,334

49,529

12,043

Services expense

11,067

13,199

14,620

3,471

3,358

3,494

2,759

13,082

2,067

Selling, general and administrative expenses *2

25,092

27,831

26,240

6,782

6,825

7,038

6,367

27,012

6,711

Provision for doubtful receivables and probable loan losses,

provision for credit losses, and write-downs of long-lived

9,146

3,363

4,913

1,029

667

927

12,695

15,318

1,981

assets and securities *3

Other

*1

1,680

995

698

178

327

389

1,092

1,986

192

Total Segment Expenses :

108,057

115,670

118,991

29,858

29,328

30,147

40,923

130,256

28,078

Segment Operating Income

8,410

14,692

9,110

11,345

2,221

3,438

(9,463)

7,541

249

Equity in Net Income (Loss) of Affiliates and others

14,851

(10,527)

(1,589)

2,689

2,932

3,451

(1,940)

7,132

7,141

Segment Profits

23,261

4,165

7,521

14,034

5,153

6,889

(11,403)

14,673

7,390

*1 Accounting Standards Update 2018-20("Narrow-Scope Improvements for Lessors"―ASC 842 ("Leases")) has been adopted since the fourth quarter of fiscal 2020, and presentation of income statement regarding the certain lessor costs of finance lease and operating lease, such as the property taxes has been changed.

The presented amounts since the first quarter of fiscal 2020 have been retrospectively reclassified for the adoption.

*2 Since the first quarter of fiscal 2021, the method of allocating expenses to business units has been changed, resulting in a change to the method of calculating segment profits. As a result, segment data for the previous fiscal year has been retrospectively restated.

*3 Accounting Standards Update 2016-13 ("Measurement of Credit Losses on Financial Instruments"―ASC 326 ("Financial Instruments―Credit Losses")) has been adopted since the first quarter of fiscal 2021, and the amounts of provision for doubtful receivables and probable loan losses have been reclassified to provision for credit losses.

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(Unaudited)

Asia and Australia (2)

(Millions of yen)

Segment Assets

2017.3

2018.3

2019.3

2019.6

2019.9

2019.12

2020.3

2020.6

Net Investment in Leases *

357,154

368,215

360,761

349,302

346,899

365,703

330,346

326,587

Installment Loans

138,693

171,361

186,715

212,703

209,863

221,030

222,465

229,691

Investment in Operating Leases *

163,530

189,999

200,114

199,636

197,302

209,637

195,660

205,803

Investment in Securities

53,202

42,852

36,252

31,842

31,429

30,502

29,248

27,276

Property under Facility Operations *

3,913

3,621

3,609

3,495

3,387

2,667

2,600

1,963

Inventories

112

205

116

327

362

403

242

267

Advances for Finance Lease and Operating Lease

849

925

2,794

1,099

954

2,216

1,742

2,020

Investment in Affiliates

235,604

219,175

199,400

195,357

193,995

213,272

221,853

208,259

Advances for Property under Facility Operations

39

Goodwill, Intangible Assets Acquired in Business Combinations

7,586

7,209

6,913

6,689

6,525

6,570

6,112

6,127

Total Segment Assets

960,682

1,003,562

996,674

1,000,450

990,716

1,052,000

1,010,268

1,007,993

  • Accounting Standards Update 2016-02 (ASC 842 ("Leases")) has been adopted since the first quarter of fiscal 2020, and the amounts of investment in direct financing leases have been reclassified to net investment in leases.

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ORIX Corporation published this content on 18 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2020 07:12:12 UTC