| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 67 | 10.1x | 17.6x | Top tier | |
Growth | 70 | 19.7% | 7.1% | Top tier | |
Quality | 85 | — | — | Top tier | |
Safety | 33 | — | — | Bottom tier | |
Capital Return | 52 | 2.36% | 2.15% | Around median | |
Momentum | 93 | 49.4% | 2.3% | Top tier | |
Sentiment | 23 | 1 | 3 | Bottom tier |
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
ORIX Corporation operates through a diversified portfolio combining finance, operations, and investments. Its activities include insurance, corporate financial services, private credit, and asset management, alongside real estate, renewable energy, aircraft, ship, and automobile leasing, hotels, airport concessions, and direct investment; profits are generated from financing income, fees, and operations, as well as asset rotation, exit gains, and revaluations.
In fiscal year 2026, revenue according to the cited EDGAR data reached $3,330.8 billion, compared with $2,874.8 billion in fiscal year 2025, an increase of approximately 15.9%. Net income reached ¥447.3 billion, up 27% or ¥95.6 billion, exceeding the revised forecast of ¥440 billion, while return on equity increased by 1.6 percentage points to 10.4%. Profit before tax also rose 44% to ¥691.4 billion, and the company recorded its third consecutive fiscal year of record profits.
The earnings mix included growth across all three categories: finance profits rose 7% or ¥12.9 billion, operations 18% or ¥37 billion, and investments 82% or ¥138.1 billion. Operations benefited from hotels, airport concessions, Rentec, automobiles, and ships, while Greenko, real estate, and private equity investments, including Toshiba, supported the investment category. However, net income in Q4 fiscal year 2026 declined to ¥57.6 billion from ¥118.6 billion in Q3 fiscal year 2026 due to total impairment provisions of ¥97.2 billion, concentrated primarily in ORIX USA and ORIX Capital Partners.
The stock's 52-week range extends from $24.19 to $42.39, a wide spread reflecting a revaluation accompanied by 27% net income growth in fiscal year 2026, but also coinciding with impairments of ¥97.2 billion and the dependence of part of earnings on exits. Without relying on a current price or analyst target, IX's valuation is tied to ORIX's ability to convert its fiscal year 2027 target of ¥530 billion in net income and 11.7% return on equity into recurring earnings after excluding the non-recurring Greenko and ORIX Bank gains.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
Net income reached ¥447.3 billion in fiscal year 2026, up 27% or ¥95.6 billion, exceeding the revised forecast of ¥440 billion. Profit before tax rose 44% to ¥691.4 billion, with finance profits growing 7%, operations 18%, and investments 82%. Greenko, real estate, and Toshiba supported the investment category, while hotels, airports, Rentec, automobiles, and ships contributed to operations growth. Return on equity increased to 10.4% from 8.8% in the previous fiscal year.
The sale of ORIX Bank is valued at approximately ¥370 billion, compared with net financial assets of approximately ¥250 billion. ORIX expects to record a pre-tax gain of ¥124.2 billion in fiscal year 2027, provided that closing is completed within the planned period. The sale contributes to raising finance category profit guidance to ¥308.3 billion, an increase of 63%. Management also expects the sale to initially reduce the capital usage ratio from 86% to approximately 80%.
ORIX is targeting net income of ¥530 billion and profit before tax of ¥760 billion in fiscal year 2027. The guidance includes a pre-tax gain of ¥124.2 billion from the sale of ORIX Bank, which is non-recurring. By contrast, management expects ORIX USA to recover and finance and operations to grow, and it also expects investment profits to increase after excluding the ¥95 billion in Greenko gains from the comparison base. Therefore, achieving the guidance depends on a combination of exits, growth in core businesses, and a decline in certain credit provisions.
Automated analysis for informational purposes only — not investment advice.
ORIX recorded total impairments of ¥97.2 billion in Q4 fiscal year 2026, concentrated primarily in ORIX USA and ORIX Capital Partners. Credit provisions for fiscal year 2026 included approximately ¥24 billion, most of which was related to mortgages and startup growth financing. Although credit and private equity exposure related to SaaS companies is approximately 7%, compared with an industry average cited by management of 20%, weakness in private credit could slow asset sales. Management expects the U.S. business to require a few years to return to a normal level of profitability.
Flights arriving from China accounted for approximately 30% of Kansai Airport traffic, and roughly two-thirds of that portion declined, according to management's statement on May 12, 2026. The financial impact appears with a lag of approximately three months, so its effect was limited in fiscal year 2026 but could become greater if the decline continues. The company is attempting to offset this by attracting flights from South Korea, Taiwan, Indonesia, Thailand, and other Southeast Asian markets. Nevertheless, fiscal year 2027 guidance expects lower profits from inbound visitor-related activities and weakness in hotel revenue.
ORIX paid a record dividend of ¥156.1 per share for fiscal year 2026, an increase of 30%, and fully executed its ¥150 billion share repurchase program. For fiscal year 2027, it maintained the dividend payout ratio at 39% and set an annual dividend of ¥187.36 per share based on targeted net income of ¥530 billion. It also increased the repurchase program to ¥250 billion, an increase of ¥100 billion, benefiting from the liquidity and capital release associated with the sale of ORIX Bank. The expected total return ratio is 85.9%, while policy for subsequent periods remains subject to balancing investment, financial integrity, and shareholder returns.
