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ORIX, Net Income Forecast for the Fiscal Year Revised Upward by 16%, Raises Record High Profit Forecast, Increased First Half Dividend by 33.76 Yen

Wed Nov 12, 2025 3:30 pm JST Earnings

8591 ORIX CORPORATION 【US-GAAP】

Earnings Report

ORIX CORPORATION <8591> [TSE Prime] announced its financial results (based on US-GAAP) after the market closed on November 12th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 271 billion yen, an increase 48.2% compared to the same period last year.

In addition, the full-year forecast for consolidated net income has been revised upward 15.8%, from the previous forecast of 380 billion yen to 440 billion yen (compared to 351 billion yen in the previous period), increasing the growth rate from 8.1% to 25.1%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to nearly flat at 168 billion yen, up 0.1% from the same period last year.

At the same time, the company increased the dividend for the first half from 60 yen to 93.76 yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased 70.3% from the same period last year, reaching 163 billion yen. However, the operating profit margin decreased from 15.9% in the same period last year to 14.2%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 1,359,956 164,164 184,467 128,100 109.9 39.3 Nov 1, 2023 US-GAAP
Apr - Sep, 2024 1,403,633 196,972 256,991 182,946 159.4 53.5 Nov 8, 2024 US-GAAP
Apr - Sep, 2025 1,564,497 242,878 391,482 271,096 240.4 61.2 Nov 12, 2025 US-GAAP
YoY +11.5% +23.3% +52.3% +48.2% +50.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 60 May 12, 2025 US-GAAP
Apr - Sep, 2025 Results 1,564,497 242,878 391,482 271,096 240.4 93.76 Nov 12, 2025 US-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev ー ー ー 380,000 341.0 120.01 May 12, 2025 US-GAAP
Mar, 2026 New ー ー 640,000 440,000 394.8 120.01 Nov 12, 2025 US-GAAP
Revision Rate － － － +15.8% +15.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 1,471,188 134,854 223,472 168,684 147.6 57.84 May 12, 2025 US-GAAP
Oct - Mar, 2025 Guidance ー ー 248,518 168,904 151.6 26.25 Nov 12, 2025 US-GAAP
YoY － － +11.2% +0.1% +2.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,814,361 360,713 469,975 346,132 298.6 98.60 May 8, 2024 US-GAAP
Mar, 2025 2,874,821 331,826 480,463 351,630 307.7 120.01 May 12, 2025 US-GAAP
Mar, 2026 Guidance ー ー 640,000 440,000 394.8 120.01 Nov 12, 2025 US-GAAP
YoY － － +33.2% +25.1% +28.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 695,494 110,706 136,822 96,211 83.8 15.9 Nov 8, 2024 US-GAAP
Oct - Dec, 2024 750,851 93,752 126,386 88,831 77.6 12.5 Feb 10, 2025 US-GAAP
Jan - Mar, 2025 720,337 41,102 97,086 79,853 69.9 5.7 May 12, 2025 US-GAAP
Apr - Jun, 2025 768,641 129,750 155,480 107,288 94.6 16.9 Aug 7, 2025 US-GAAP
Jul - Sep, 2025 795,856 113,128 236,002 163,808 145.3 14.2 Nov 12, 2025 US-GAAP
YoY +14.4% +2.2% +72.5% +70.3% +73.3%

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