ORIX : Partial Amendments to Consolidated Financial Results April 1, 2021 - June 30, 2021 (Form 6-K)

Partial Amendments to Consolidated Financial Results April 1, 2021 - June 30, 2021

TOKYO, Japan - August 5, 2021 - ORIX Corporation has amended a part of the consolidated financial results April 1, 2021 - June 30, 2021, which was first announced on August 3, 2021. The amended parts are underlined.

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Table of Contents

1. Summary of Consolidated Financial Results

(1) Financial Highlights

Segment Information

Before correction

ORIX USA: Finance, investment and asset management in the Americas

		Three months ended June 30, 2020 (millions of yen)			Three months ended June 30, 2021 (millions of yen)			Change
	Amount (millions of yen)			Percent (%)
Segment Profits			(585	)			25,163				25,748				-
		As of March 31, 2021 (millions of yen)			As of June 30, 2021 (millions of yen)			Change
		Amount (millions of yen)			Percent (%)
Segment Assets			1,220,081				1,210,777				(9,304	)			(1	)

Segment profits increased by ¥25,748 million to ¥25,163 million compared to the same period of the previous fiscal year. This increase was due to an increase in gains on investment securities and dividends resulting from the sales of investees, and the absence of provision for credit losses recorded in the same period of the previous fiscal year.

Segment assets decreased 1% to ¥1,210,777 million compared to the end of the previous fiscal year. This decrease was due to a decrease in investment in securities.

After correction

ORIX USA: Finance, investment and asset management in the Americas

		Three months ended June 30, 2020 (millions of yen)			Three months ended June 30, 2021 (millions of yen)			Change
		Amount (millions of yen)			Percent (%)
Segment Profits			(585	)			25,163				25,748				-
		As of March 31, 2021 (millions of yen)			As of June 30, 2021 (millions of yen)			Change
		Amount (millions of yen)			Percent (%)
Segment Assets			1,220,081				1,209,142				(10,939	)			(1	)

Segment profits increased by ¥25,748 million to ¥25,163 million compared to the same period of the previous fiscal year. This increase was due to an increase in gains on investment securities and dividends resulting from the sales of investees, and the absence of provision for credit losses recorded in the same period of the previous fiscal year.

Segment assets decreased 1% to ¥1,209,142 million compared to the end of the previous fiscal year. This decrease was due to a decrease in investment in securities.

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Table of Contents

(2) Consolidated Financial Condition

Summary of Assets, Liabilities, Shareholders' Equity

Before correction

					As of March 31, 2021			As of June 30, 2021			Change
	Amount			Percent
Total Assets			(millions of yen	)			13,563,082				13,581,966				18,884				0	%
(Segment Assets)				11,341,789				11,311,084				(30,705	)			(0	)%
Total Liabilities			(millions of yen	)			10,459,938				10,466,715				6,777				0	%
(Short-term and Long-term Debt)				4,724,102				4,775,489				51,387				1	%
(Deposits)				2,317,785				2,290,606				(27,179	)			(1	)%
Shareholders' Equity			(millions of yen	)			3,028,456				3,047,532				19,076				1	%
Shareholders' Equity Per Share			(yen)				2,487.77				2,514.38				26.61				1	%

Note 1:		Shareholders' Equity refers to ORIX Corporation Shareholders' Equity based on U.S. GAAP.
Note 2:		Shareholders' Equity Per Share is calculated using total ORIX Corporation Shareholders' Equity.

Total assets remained flat at ¥13,581,966 million compared to the end of the previous fiscal year due to increases in other assets and cash and cash equivalents being offset by decreases in investment in securities, and trade notes, accounts and other receivable. In addition, segment assets remained flat at ¥11,311,084 million compared to the end of the previous fiscal year.

After correction

					As of March 31, 2021			As of June 30, 2021			Change
	Amount			Percent
Total Assets			(millions of yen	)			13,563,082				13,581,966				18,884				0	%
(Segment Assets)				11,341,789				11,309,449				(32,340	)			(0	)%
Total Liabilities			(millions of yen	)			10,459,938				10,466,715				6,777				0	%
(Short-term and Long-term Debt)				4,724,102				4,775,489				51,387				1	%
(Deposits)				2,317,785				2,290,606				(27,179	)			(1	)%
Shareholders' Equity			(millions of yen	)			3,028,456				3,047,532				19,076				1	%
Shareholders' Equity Per Share			(yen)				2,487.77				2,514.38				26.61				1	%

Note 1:		Shareholders' Equity refers to ORIX Corporation Shareholders' Equity based on U.S. GAAP.
Note 2:		Shareholders' Equity Per Share is calculated using total ORIX Corporation Shareholders' Equity.

Total assets remained flat at ¥13,581,966 million compared to the end of the previous fiscal year due to increases in other assets and cash and cash equivalents being offset by decreases in investment in securities, and trade notes, accounts and other receivable. In addition, segment assets remained flat at ¥11,309,449 million compared to the end of the previous fiscal year.

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Table of Contents

2. Financial Information

(7) Segment Information (Unaudited)

Segment Information by Sector

Before correction

					(millions of yen)
		Three Months ended June 30, 2020			Three Months ended June 30, 2021			March 31, 2021			June 30, 2021
		Segment Revenues			Segment Profits			Segment Revenues			Segment Profits			Segment Assets			Segment Assets
Corporate Financial Services and Maintenance Leasing			102,072				13,292				109,792				20,279				1,676,063				1,635,925
Real Estate			78,649				1,850				96,762				11,013				872,095				864,348
PE Investment and Concession			89,773				4,601				99,624				268				378,698				382,004
Environment and Energy			33,956				7,721				29,329				4,489				489,174				490,892
Insurance			117,072				18,255				109,181				15,489				1,959,521				1,951,533
Banking and Credit			20,664				11,903				22,826				12,759				2,690,627				2,702,780
Aircraft and Ships			7,547				7,584				8,463				(4,831	)			601,762				593,642
ORIX USA			24,769				(585	)			47,694				25,163				1,220,081				1,210,777
ORIX Europe			36,165				7,189				50,456				13,472				369,546				368,030
Asia and Australia			28,327				6,857				34,648				8,780				1,084,222				1,111,153
Segment Total			538,994				78,667				608,775				106,881				11,341,789				11,311,084
Difference between Segment Total and Consolidated Amounts			(1,353	)			(11,036	)			38				(6,825	)			2,221,293				2,270,882
Consolidated Amounts			537,641				67,631				608,813				100,056				13,563,082				13,581,966

After correction

					(millions of yen)
		Three Months ended June 30, 2020			Three Months ended June 30, 2021			March 31, 2021			June 30, 2021
		Segment Revenues			Segment Profits			Segment Revenues			Segment Profits			Segment Assets			Segment Assets
Corporate Financial Services and Maintenance Leasing			102,072				13,292				109,792				20,279				1,676,063				1,635,925
Real Estate			78,649				1,850				96,762				11,013				872,095				864,348
PE Investment and Concession			89,773				4,601				99,624				268				378,698				382,004
Environment and Energy			33,956				7,721				29,329				4,489				489,174				490,892
Insurance			117,072				18,255				109,181				15,489				1,959,521				1,951,533
Banking and Credit			20,664				11,903				22,826				12,759				2,690,627				2,702,780
Aircraft and Ships			7,547				7,584				8,463				(4,831	)			601,762				593,642
ORIX USA			24,769				(585	)			47,694				25,163				1,220,081				1,209,142
ORIX Europe			36,165				7,189				50,456				13,472				369,546				368,030
Asia and Australia			28,327				6,857				34,648				8,780				1,084,222				1,111,153
Segment Total			538,994				78,667				608,775				106,881				11,341,789				11,309,449
Difference between Segment Total and Consolidated Amounts			(1,353	)			(11,036	)			38				(6,825	)			2,221,293				2,272,517
Consolidated Amounts			537,641				67,631				608,813				100,056				13,563,082				13,581,966

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Table of Contents

Contact Information:

Investor Relations and Sustainability Department

ORIX Corporation

Tel: [phone]

About ORIX:

ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses.

Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile related, real estate and environment and energy related businesses. Since entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 31 countries and regions across the world.

Going forward, ORIX intends to utilize its strengths and expertise, which generate new value, to establish an independent ORIX business model that continues to evolve perpetually. In this way, ORIX will engage in business activities that instill vitality in its companies and workforce, and thereby contribute to society. For more details, please visit our website: https://www.orix.co.jp/grp/en/

(As of March 31, 2021)

Caution Concerning Forward Looking Statements:

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 that 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 under '(4) Risk Factors' of the '1. Summary of Consolidated Financial Results' of the 'Consolidated Financial Results April 1, 2020 - March 31, 2021.'

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