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ORIX (8591) investor relations material
ORIX Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net income for Q1 was ¥107.3 billion, up 24% year-over-year, with annualized ROE at 10.4%.
Total revenues for the quarter were ¥768.6 billion, up 9% year-over-year, driven by gains on investment securities, dividends, and real estate sales.
Pretax profit rose to ¥155.5 billion, a 29% increase year-over-year, with all major business categories showing profit growth.
Return on assets improved to 2.53% for the quarter; shareholders' equity reached ¥4.15 trillion with a ratio of 24.4%.
Comprehensive income attributable to shareholders declined 30% year-over-year to ¥144.4 billion due to changes in other comprehensive income.
Financial highlights
Basic EPS for the quarter was ¥94.63, up 26% year-over-year; diluted EPS was ¥94.44.
Segment profit for Q1 rose 20% year-over-year to ¥164.9 billion.
Capital gain of ¥45.1 billion from exits; cash inflow from sales at ¥130 billion, outflows for new investments at ¥150 billion.
AUM increased by ¥7 trillion in three months, reaching ¥81 trillion by June, driven by inflows and higher valuations.
Debt-to-equity ratio stood at 2.2 times; liquidity coverage ratio was 1,102%.
Outlook and guidance
Full-year net income target is under review due to macroeconomic uncertainty and H2 performance considerations.
Net income for the year ending March 31, 2026 is forecast at ¥380 billion, up 8.1% year-over-year.
Annual dividend is forecast at the higher of a 39% payout ratio or ¥120.01 per share, with a potential increase to ¥132.13 per share if the net income target is met.
Management is closely monitoring market conditions, especially in the US and China, before updating guidance.
Earnings expected to be more heavily weighted to H2; Q2 to benefit from GreenCo and RX Asset Management sales.
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