ORIX CORPORATION surges for fourth straight day to new high on share buyback of up to 9.1%

ORIX CORPORATION <8591> surged for the fourth consecutive session to hit a fresh all-time high following the announcement of a major share buyback and robust earnings guidance released after the market close on May 11. The company authorized a buyback of up to 100 million shares, representing approximately 9.1% of outstanding shares, for a total value of 250 billion yen. Alongside its results for the fiscal year ended March 2026, ORIX forecasted a net income of 530 billion yen for the fiscal year ending March 2027, an 18.5% year-on-year increase. The annual dividend forecast was raised to 187.36 yen from 156.10 yen, further fueling buying interest.

Profit growth is expected to be driven by the finance segment following the sale of ORIX Bank. In the business segment, steady performance in aircraft leasing and HILCO is expected to offset a decline in inbound-related operations affected by geopolitical factors. The investment segment anticipates multiple private equity exits in Japan and the U.S., though segment profit is projected to fall due to the high base effect from the previous year's Greenko sale and revaluation. For the fiscal year ended March 2026, ORIX reported revenue of 3.33 trillion yen (up 15.9% year-on-year) and net income of 447.3 billion yen (up 27.2% year-on-year).

The buyback will be conducted through market purchases from May 22, 2026, through March 31, 2027.

Source: MINKABU PRESS

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