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ORIX to sell bank unit to DAIWA SECURITIES GROUP, booking 124.2 billion yen gain

Mon Apr 27, 2026 5:06 pm JST Catalyst

ORIX <8591> announced after the market close on April 27 that it will transfer all shares of its subsidiary, ORIX Bank, to Daiwa Next Bank, a unit of DAIWA SECURITIES GROUP <8601>. The transaction is valued at 370.0 billion yen. ORIX determined that integrating the bank into a comprehensive financial group like Daiwa is the optimal path for its future growth. The transfer is scheduled to be completed by October 2026.

In connection with the sale, ORIX expects to book a gain of approximately 124.2 billion yen for the fiscal year ending March 2027. ORIX Bank, which traces its origins to Yamaichi Trust Bank (established in 1993), joined the ORIX Group in 1998 and has since served as the group’s primary banking arm.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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