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Segment Information

12 Months Ended

Mar. 31, 2025

32. Segment Information

The Group CEO, as the Chief Operating Decision Maker (“CODM”), regularly assesses segment performance and allocates management resources by using the amount equivalent to income before income taxes attributable to ORIX Corporation Shareholders of each business segment.

Based on our business management organization which is classified by the nature of major products and services, customer base, regulations, and business areas, our business is organized into ten operating segments: Corporate Financial Services and Maintenance Leasing, Real Estate, PE Investment and Concession, Environment and Energy, Insurance, Banking and Credit, Aircraft and Ships, ORIX USA, ORIX Europe, and Asia and Australia.

An overview of operations for each of the ten segments follows below.


Corporate Financial Services and Maintenance Leasing	:	Finance and fee business; leasing and rental of automobiles, electronic measuring instruments and ICT-related equipment

Real Estate	:	Real estate development, rental and management; facility operations; real estate asset management

PE Investment and Concession	:	Private equity investment and concession

Environment and Energy	:	Domestic and overseas renewable energy; electric power retailing; ESCO services; sales of solar panels; recycling and waste management

Insurance	:	Life insurance

Banking and Credit	:	Banking and consumer finance

Aircraft and Ships	:	Aircraft investment and management; ship-related finance and investment, maritime asset management and ship brokerage

ORIX USA	:	Finance, investment and asset management in the Americas

ORIX Europe	:	Asset management of global equity and fixed income

Asia and Australia	:	Finance and investment businesses in Asia and Australia

The accounting policies of the segments are almost the same as those described in Note 1 “Significant Accounting and Reporting Policies” except for the treatment of income tax expenses, net income attributable to noncontrolling interests, and net income attributable to redeemable noncontrolling interests. The chief operating decision maker evaluates the performance of the segments based on the amount equivalent to income before income taxes, net income attributable to noncontrolling interests and net income attributable to redeemable noncontrolling interests before the applicable tax effects. Income taxes are not included in segment profits or losses because management evaluates segments’ performance on a pre-tax basis. Most of selling, general and administrative expenses, including compensation costs that are directly related to the revenue generating activities of each segment and excluding the expenses that should be borne by ORIX Group as a whole, have been accumulated by and charged to each segment. Gains and losses that management does not consider for evaluating the performance of the segments, such as certain interest expenses and write-downs of certain long-lived assets and certain foreign exchange gains or losses (included in other (income) and expense) are excluded from the segment profits or losses, and are regarded as corporate items.

Assets attributed to each segment are total assets except for certain cash and head office assets.

Since April 1, 2023, segment profits have been calculated with a broadened scope of profit sharing for inter-segment collaboration. As a result, segment data for fiscal 2023 has been retrospectively reclassified.

Since April 1, 2024, the interest expense allocation method for each segment was changed to include a part of interest expenses in corporate profits (losses) in the reconciliation of segment profits to the condensed consolidated financial statement amounts. As a result, segment data for fiscal 2023 and 2024 have been retrospectively reclassified.

Since April 1, 2024, the scope of segment assets was changed to include cash and cash equivalents, trade notes, accounts and other receivable, and others. As a result, segment data as of the end of fiscal 2023 and 2024 have been retrospectively reclassified.

Segment information for fiscal 2023, 2024 and

2025

is as follows:


	Millions of yen
	Fiscal Year ended March 31, 2023
	Corporate Financial Services and Maintenance Leasing			Real Estate			PE Investment and Concession			Environment and Energy			Insurance			Banking and Credit			Aircraft and Ships
Finance revenues	¥	60,133		¥	5,562		¥	1,026		¥	1,230		¥	300		¥	78,066		¥	7,312
Gains on investment securities and dividends		(519	)		(243	)		348			22			0			(351	)		(1,350	)
Operating leases		258,385			55,544			38,653			78			0			0			37,208
Life insurance premiums and related investment income		0			0			0			0			496,561			0			0
Sales of goods and real estate		5,356			96,030			280,361			4,200			0			0			624
Services income		106,542			261,843			55,934			210,240			2,626			7,059			10,871

Total Segment Revenues		429,897			418,736			376,322			215,770			499,487			84,774			54,665

Interest expense		4,661			2,413			2,054			8,063			11			5,181			6,974
Costs of operating leases		186,989			24,895			24,900			19			0			0			16,898
Life insurance costs		0			0			0			0			375,326			0			0
Costs of goods and real estate sold		3,988			80,586			240,942			2,627			0			0			647
Services expense		58,103			230,136			40,900			167,733			0			7,229			2,103
Other (income) and expense*		17,275			(627	)		2,193			(194	)		(3	)		(318	)		(4,024	)
Selling, general and administrative expenses		83,811			36,643			56,449			16,276			60,815			33,351			10,369
Provision for credit losses, and write-downs of long-lived assets and securities		1,107			1,785			195			50			(1	)		716			1

Total Segment Expenses		355,934			375,831			367,633			194,574			436,148			46,159			32,968

Equity in Net income (Loss) of equity method investments and others		2,776			9,627			(5,530	)		15,977			5			(488	)		8,789

Segment Profits		76,739			52,532			3,159			37,173			63,344			38,127			30,486

Significant non-cash items:
Depreciation and amortization		149,545			16,613			22,649			22,486			18,628			1,402			16,257
Increase in policy liabilities and policy account balances		0			0			0			0			89,915			0			0
Bargain purchase gain		0			0			58			1,018			0			0			98
Impairment of goodwill and intangible assets		1			0			0			0			0			0			405
Expenditures for long-lived assets		164,257			84,874			16,893			74,972			453			167			104,006


	Millions of yen
	Fiscal Year ended March 31, 2023
	ORIX USA		ORIX Europe			Asia and Australia		Total
Finance revenues	¥	106,875	¥	812		¥	59,933	¥	321,249
Gains on investment securities and dividends		29,209		(1,349	)		1,574		27,341
Operating leases		426		0			104,614		494,908
Life insurance premiums and related investment income		0		0			0		496,561
Sales of goods and real estate		2,034		0			1,698		390,303
Services income		47,345		207,829			20,613		930,902

Total Segment Revenues		185,889		207,292			188,432		2,661,264

Interest expense		34,056		506			23,088		87,007
Costs of operating leases		216		0			78,950		332,867
Life insurance costs		0		0			0		375,326
Costs of goods and real estate sold		1,161		0			1,673		331,624
Services expense		4,871		48,921			12,214		572,210
Other (income) and expense*		2,447		609			147		17,505
Selling, general and administrative expenses		85,515		112,129			37,844		533,202
Provision for credit losses, and write-downs of long-lived assets and securities		4,741		0			2,601		11,195

Total Segment Expenses		133,007		162,165			156,517		2,260,936

Equity in Net income (Loss) of equity method investments and others		5,726		(641	)		11,941		48,182

Segment Profits		58,608		44,486			43,856		448,510

Significant non-cash items:
Depreciation and amortization		3,023		6,619			75,867		333,089
Increase in policy liabilities and policy account balances		0		0			0		89,915
Bargain purchase gain		0		0			0		1,174
Impairment of goodwill and intangible assets		109		0			0		515
Expenditures for long-lived assets		2,906		668			154,174		603,370


	Millions of yen
	Fiscal Year ended March 31, 2024
	Corporate Financial Services and Maintenance Leasing		Real Estate		PE Investment and Concession			Environment and Energy			Insurance			Banking and Credit			Aircraft and Ships
Finance revenues	¥	61,428	¥	6,134	¥	6,679		¥	1,478		¥	300		¥	80,653		¥	7,769
Gains on investment securities and dividends		2,626		857		1,207			1,784			0			600			(130	)
Operating leases		266,871		50,205		41,529			79			0			0			48,074
Life insurance premiums and related investment income		0		0		0			0			561,533			0			0
Sales of goods and real estate		3,934		111,013		249,085			3,771			0			0			97
Services income		110,100		303,483		80,668			158,486			2,036			7,321			9,381

Total Segment Revenues		444,959		471,692		379,168			165,598			563,869			88,574			65,191

Interest expense		5,418		3,016		2,978			11,093			14			5,302			11,596
Costs of operating leases		192,850		24,972		26,244			18			0			0			18,853
Life insurance costs		0		0		0			0			433,827			0			0
Costs of goods and real estate sold		3,234		90,931		168,404			2,236			0			0			96
Services expense		58,896		248,195		58,677			110,106			0			6,254			1,783
Other (income) and expense*		14,896		722		(2,330	)		(4,633	)		98			(306	)		(3,600	)
Selling, general and administrative expenses		88,621		41,542		89,864			18,670			59,309			32,886			10,345
Provision for credit losses, and write-downs of long-lived assets and securities		960		1,285		366			151			(2	)		4,064			3

Total Segment Expenses		364,875		410,663		344,203			137,641			493,246			48,200			39,076

Equity in Net income (Loss) of equity method investments and others		3,160		6,026		9,002			10,115			203			56,979			18,251

Segment Profits		83,244		67,055		43,967			38,072			70,826			97,353			44,366

Significant non-cash items:
Depreciation and amortization		153,208		18,376		26,644			23,975			17,138			1,821			20,366
Increase in policy liabilities and policy account balances		0		0		0			0			186,193			0			0
Bargain purchase gain		0		0		0			0			0			0			0
Impairment of goodwill and intangible assets		0		0		0			0			0			0			0
Expenditures for long-lived assets		184,794		57,828		20,345			54,959			350			12			174,525


	Millions of yen
	Fiscal Year ended March 31, 2024
	ORIX USA			ORIX Europe		Asia and Australia			Total
Finance revenues	¥	112,545		¥	2,409	¥	70,836		¥	350,231
Gains on investment securities and dividends		6,446			10,711		7,885			31,986
Operating leases		1,225			0		122,624			530,607
Life insurance premiums and related investment income		0			0		0			561,533
Sales of goods and real estate		602			0		425			368,927
Services income		52,608			214,031		23,523			961,637

Total Segment Revenues		173,426			227,151		225,293			2,804,921

Interest expense		47,466			289		35,737			122,909
Costs of operating leases		547			0		90,336			353,820
Life insurance costs		0			0		0			433,827
Costs of goods and real estate sold		310			0		400			265,611
Services expense		4,331			54,224		15,039			557,505
Other (income) and expense*		(2,078	)		2,666		(1,490	)		3,945
Selling, general and administrative expenses		85,483			130,496		41,558			598,774
Provision for credit losses, and write-downs of long-lived assets and securities		7,937			217		8,027			23,008

Total Segment Expenses		143,996			187,892		189,607			2,359,399

Equity in Net income (Loss) of equity method investments and others		(1,499	)		2,379		11,383			115,999

Segment Profits		27,931			41,638		47,069			561,521

Significant non-cash items:
Depreciation and amortization		2,872			7,003		87,422			358,825
Increase in policy liabilities and policy account balances		0			0		0			186,193
Bargain purchase gain		0			0		0			0
Impairment of goodwill and intangible assets		0			0		0			0
Expenditures for long-lived assets		184			388		171,184			664,569


	Millions of yen
	Fiscal Year ended March 31, 2025
	Corporate Financial Services and Maintenance Leasing		Real Estate		PE Investment and Concession		Environment and Energy			Insurance			Banking and Credit			Aircraft and Ships
Finance revenues	¥	63,271	¥	4,860	¥	12,140	¥	1,402		¥	280		¥	60,290		¥	5,769
Gains on investment securities and dividends		2,647		1,282		851		3,128			0			100			(24	)
Operating leases		282,433		61,321		42,698		79			0			0			96,856
Life insurance premiums and related investment income		0		0		0		0			518,084			0			0
Sales of goods and real estate		4,202		107,859		252,969		3,307			0			0			852
Services income		108,146		322,458		69,273		178,105			(1	)		2,914			16,139

Total Segment Revenues		460,699		497,780		377,931		186,021			518,363			63,304			119,592

Interest expense		7,306		2,616		3,833		13,170			256			7,184			20,159
Costs of operating leases		201,286		24,167		26,389		18			0			0			40,986
Life insurance costs		0		0		0		0			384,910			0			0
Costs of goods and real estate sold		3,335		89,593		173,652		1,786			0			0			864
Services expense		57,372		264,952		48,890		136,118			0			7,590			6,724
Other (income) and expense*		18,305		1,664		10,622		446			(110	)		40			68
Selling, general and administrative expenses		89,599		43,405		88,370		22,582			58,904			20,822			11,967
Provision for credit losses, and write-downs of long-lived assets and securities		2,199		3,098		1,743		20,573			4			(176	)		3

Total Segment Expenses		379,402		429,495		353,499		194,693			443,964			35,460			80,771

Equity in Net income (Loss) of equity method investments and others		9,032		2,256		74,440		3,749			(0	)		1,447			28,599

Segment Profits		90,329		70,541		98,872		(4,923	)		74,399			29,291			67,420

Significant non-cash items:
Depreciation and amortization		158,166		18,992		25,053		33,457			24,219			571			30,808
Increase in policy liabilities and policy account balances		0		0		0		0			268,258			0			0
Bargain purchase gain		0		0		0		0			0			0			0
Impairment of goodwill and intangible assets		0		0		11,149		0			0			0			0
Expenditures for long-lived assets		211,006		78,824		14,594		50,720			116			20			300,251


	Millions of yen
	Fiscal Year ended March 31, 2025
	ORIX USA			ORIX Europe			Asia and Australia			Total
Finance revenues	¥	102,627		¥	4,077		¥	74,961		¥	329,677
Gains on investment securities and dividends		119			4,408			1,933			14,444
Operating leases		861			0			135,169			619,417
Life insurance premiums and related investment income		0			0			0			518,084
Sales of goods and real estate		543			0			751			370,483
Services income		50,078			248,782			23,406			1,019,300

Total Segment Revenues		154,228			257,267			236,220			2,871,405

Interest expense		40,016			665			41,761			136,966
Costs of operating leases		1,496			0			97,249			391,591
Life insurance costs		0			0			0			384,910
Costs of goods and real estate sold		307			0			684			270,221
Services expense		2,823			66,446			14,710			605,625
Other (income) and expense*		(3,382	)		4,231			(5,654	)		26,230
Selling, general and administrative expenses		95,406			138,859			44,342			614,256
Provision for credit losses, and write-downs of long-lived assets and securities		7,669			115			9,983			45,211

Total Segment Expenses		144,335			210,316			203,075			2,475,010

Equity in Net income (Loss) of equity method investments and others		30,022			(2,578	)		1,306			148,273

Segment Profits		39,915			44,373			34,451			544,668

Significant non-cash items:
Depreciation and amortization		2,687			6,234			93,705			393,892
Increase in policy liabilities and policy account balances		0			0			0			268,258
Bargain purchase gain		0			0			3,750			3,750
Impairment of goodwill and intangible assets		1,175			1,971			0			14,295
Expenditures for long-lived assets		2,326			1,143			177,320			836,320

*	“Other (income) and expense” includes items such as expenses of taxes and insurance premiums related to finance leases, impairment losses on goodwill and other intangible assets, gains and losses on derivatives, and foreign exchange gains and losses.

Segment information as of March 31, 2023, 2024 and 2025 is as follows:


	Millions of yen
	As of March 31, 2023
	Corporate Financial Services and Maintenance Leasing		Real Estate		PE Investment and Concession		Environment and Energy		Insurance		Banking and Credit		Aircraft and Ships
Net investment in leases	¥	566,010	¥	57,587	¥	1,616	¥	6,723	¥	0	¥	0	¥	0
Installment loans		338,361		0		14,225		2,138		18,109		2,395,340		75,914
Investment in operating leases		511,184		302,698		52,976		264		27,467		0		295,858
Investment in securities		34,270		3,894		36,058		1,580		1,982,573		289,621		5,112
Property under facility operations and servicing assets		18,908		170,425		51,978		362,043		0		0		0
Inventories		1,104		108,789		48,716		9,825		0		9		37
Advances for finance lease and operating lease		1,566		112,973		4		1		0		0		0
Equity method investments		13,416		117,040		28,796		188,436		17,577		2,006		347,508
Advances for property under facility operations		0		6,625		2,354		88,493		0		0		0
Goodwill, intangible assets acquired in business combinations		29,251		54,996		368,748		114,114		4,686		11,771		18,461
Other assets		249,897		114,153		264,395		115,912		595,793		255,038		66,053

Segment Assets		1,763,967		1,049,180		869,866		889,529		2,646,205		2,953,785		808,943


	Millions of yen
	As of March 31, 2023
	ORIX USA		ORIX Europe		Asia and Australia		Total
Net investment in leases	¥	483	¥	0	¥	454,961	¥	1,087,380
Installment loans		747,783		0		312,809		3,904,679
Investment in operating leases		3,612		0		329,549		1,523,608
Investment in securities		384,082		76,648		36,444		2,850,282
Property under facility operations and servicing assets		81,291		0		1,184		685,829
Inventories		142		0		202		168,824
Advances for finance lease and operating lease		0		0		3,720		118,264
Equity method investments		87,513		10,213		249,481		1,061,986
Advances for property under facility operations		0		0		0		97,472
Goodwill, intangible assets acquired in business combinations		157,811		331,080		6,746		1,097,664
Other assets		162,167		194,943		89,473		2,107,824

Segment Assets		1,624,884		612,884		1,484,569		14,703,812


	Millions of yen
	As of March 31, 2024
	Corporate Financial Services and Maintenance Leasing		Real Estate		PE Investment and Concession		Environment and Energy		Insurance		Banking and Credit		Aircraft and Ships
Net investment in leases	¥	567,735	¥	51,978	¥	1,238	¥	3,104	¥	0	¥	0	¥	0
Installment loans		346,840		52		115,629		2,255		11,792		2,378,183		60,468
Investment in operating leases		535,655		278,191		56,286		250		26,876		0		557,867
Investment in securities		36,683		4,036		36,729		571		2,236,495		311,237		11,960
Property under facility operations and servicing assets		17,404		165,387		41,416		453,252		0		0		0
Inventories		928		174,990		47,553		2,463		0		0		733
Advances for finance lease and operating lease		3,400		114,649		5		0		0		0		9,232
Equity method investments		14,984		143,751		118,310		219,018		29,742		43,601		399,061
Advances for property under facility operations		0		8,183		4,466		44,962		0		0		0
Goodwill, intangible assets acquired in business combinations		28,693		52,898		351,202		121,174		4,452		0		19,114
Other assets		224,998		115,972		293,813		129,385		612,570		201,196		111,206

Segment Assets		1,777,320		1,110,087		1,066,647		976,434		2,921,927		2,934,217		1,169,641


	Millions of yen
	As of March 31, 2024
	ORIX USA		ORIX Europe		Asia and Australia		Total
Net investment in leases	¥	505	¥	0	¥	530,426	¥	1,154,986
Installment loans		699,384		0		343,936		3,958,539
Investment in operating leases		9,858		0		395,573		1,860,556
Investment in securities		509,172		82,568		33,520		3,262,971
Property under facility operations and servicing assets		79,747		0		1,849		759,055
Inventories		159		0		224		227,050
Advances for finance lease and operating lease		0		0		3,017		130,303
Equity method investments		61,415		11,907		271,682		1,313,471
Advances for property under facility operations		0		0		0		57,611
Goodwill, intangible assets acquired in business combinations		176,785		364,773		7,313		1,126,404
Other assets		157,459		202,891		121,693		2,171,183

Segment Assets		1,694,484		662,139		1,709,233		16,022,129


	Millions of yen
	As of March 31, 2025
	Corporate Financial Services and Maintenance Leasing		Real Estate		PE Investment and Concession		Environment and Energy		Insurance		Banking and Credit		Aircraft and Ships
Net investment in leases	¥	569,380	¥	45,810	¥	1,640	¥	2,092	¥	0	¥	0	¥	0
Installment loans		424,370		30		124,411		3,609		12,805		2,511,736		36,119
Investment in operating leases		557,625		311,377		46,796		237		26,167		0		599,813
Investment in securities		29,690		6,209		6,117		32,032		2,234,453		305,441		9,387
Property under facility operations and servicing assets		43,857		175,153		53,832		487,241		0		0		28
Inventories		433		182,652		41,021		2,551		0		0		1,588
Advances for finance lease and operating lease		6,177		78,044		3		0		0		0		27,816
Equity method investments		16,375		177,956		148,274		170,946		35,865		43,934		402,567
Advances for property under facility operations		143		7,401		728		70,081		0		0		0
Goodwill, intangible assets acquired in business combinations		25,268		50,801		331,003		120,743		4,452		0		43,024
Other assets		211,247		122,860		269,119		126,643		695,492		283,460		111,631

Segment Assets		1,884,565		1,158,293		1,022,944		1,016,175		3,009,234		3,144,571		1,231,973


	Millions of yen
	As of March 31, 2025
	ORIX USA		ORIX Europe		Asia and Australia		Total
Net investment in leases	¥	451	¥	0	¥	547,966	¥	1,167,339
Installment loans		652,805		0		315,128		4,081,013
Investment in operating leases		21,260		0		394,764		1,958,039
Investment in securities		487,022		86,008		37,768		3,234,127
Property under facility operations and servicing assets		76,469		0		1,844		838,424
Inventories		137		0		615		228,997
Advances for finance lease and operating lease		0		0		4,833		116,873
Equity method investments		54,817		8,578		260,395		1,319,707
Advances for property under facility operations		0		0		51		78,404
Goodwill, intangible assets acquired in business combinations		171,884		354,801		6,986		1,108,962
Other assets		129,094		219,919		155,277		2,324,742

Segment Assets		1,593,939		669,306		1,725,627		16,456,627

The reconciliation of segment totals to consolidated financial statement amounts is as follows:

Significant items to be reconciled are segment revenues, segment profits and segment assets. Other items do not have a significant difference between segment amounts and consolidated amounts.


	Millions of yen
	2023			2024			2025
Segment revenues:
Total revenues for segments	¥	2,661,264		¥	2,804,921		¥	2,871,405
Revenues related to corporate assets		51,993			64,922			64,628
Revenues from inter-segment transactions		(49,598	)		(55,482	)		(61,212	)

Total consolidated revenues	¥	2,663,659		¥	2,814,361		¥	2,874,821

Segment profits:
Total segment profits	¥	448,510		¥	561,521		¥	544,668
Corporate losses		(64,337	)		(84,644	)		(64,475	)
Net income attributable to the noncontrolling interests and net income attributable to the redeemable noncontrolling interests		8,005			(6,902	)		270

Total consolidated income before income taxes	¥	392,178		¥	469,975		¥	480,463

Segment assets:
Total segment assets	¥	14,703,812		¥	16,022,129		¥	16,456,627
Corporate assets		2,760,471			2,307,313			2,494,395
Assets from inter-segment transactions		(2,174,898	)		(2,007,342	)		(2,084,771	)

Total consolidated assets	¥	15,289,385		¥	16,322,100		¥	16,866,251

The following information represents geographical revenues and income before income taxes, which are attributed to geographic areas, based on the country location of the Company and its subsidiaries.


	Millions of yen
	Fiscal Year ended March 31, 2023
	Japan		The Americas*1		Other*2		Total
Total Revenues	¥	2,006,639	¥	258,792	¥	398,228	¥	2,663,659
Income before Income Taxes		183,848		85,083		123,247		392,178
Long-lived assets		1,692,474		34,553		849,419		2,576,446

	Millions of yen
	Fiscal Year ended March 31, 2024
	Japan		The Americas*1		Other*2		Total
Total Revenues	¥	2,097,360	¥	263,090	¥	453,911	¥	2,814,361
Income before Income Taxes		298,699		39,104		132,172		469,975
Long-lived assets		1,855,252		34,661		1,041,338		2,931,251

	Millions of yen
	Fiscal Year ended March 31, 2025
	Japan		The Americas*1		Other*2		Total
Total Revenues	¥	2,125,234	¥	270,100	¥	479,487	¥	2,874,821
Income before Income Taxes		302,628		68,154		109,681		480,463
Long-lived assets		1,849,310		43,124		1,185,989		3,078,423

*1	Mainly the United States

*2	Mainly Asia, Europe and Australasia

No single customer accounted for 10% or more of the Company’s total revenues for fiscal 2023, 2024 and 2025.

The following information represents disaggregation of revenues for revenues from contracts with customers, by goods or services category and geographical location.


	Millions of yen
	Fiscal Year ended March 31, 2023
	Reportable segments
	Corporate Financial Services and Maintenance Leasing		Real Estate		PE Investment and Concession		Environment and Energy		Insurance		Banking and Credit		Aircraft and Ships
Goods or services category
Sales of goods	¥	5,356	¥	3,373	¥	280,361	¥	4,200	¥	0	¥	0	¥	624
Real estate sales		0		92,657		0		0		0		0		0
Asset management and servicing		326		7,807		0		214		0		482		66
Automobile related services		63,414		0		0		248		0		0		0
Facilities operation		0		55,231		0		0		0		0		0
Environment and energy services		3,023		40		84		207,037		0		0		0
Real estate management and brokerage		0		100,137		0		0		0		0		0
Real estate contract work		0		96,509		24,105		0		0		0		0
Other		39,779		1,243		31,745		834		2,626		6,577		10,805

Total revenues from contracts with customers		111,898		356,997		336,295		212,533		2,626		7,059		11,495

Other revenues *		317,999		61,739		40,027		3,237		496,861		77,715		43,170

Segment revenues/Total revenues	¥	429,897	¥	418,736	¥	376,322	¥	215,770	¥	499,487	¥	84,774	¥	54,665


	Millions of yen
	Fiscal Year ended March 31, 2023
	Reportable segments									Corporate revenue and intersegment transactions			Total revenues
	ORIX USA		ORIX Europe			Asia and Australia		Total		Corporate revenue and intersegment transactions			Total revenues
Goods or services category
Sales of goods	¥	2,023	¥	0		¥	1,698	¥	297,635	¥	2,266		¥	299,901
Real estate sales		11		0			0		92,668		0			92,668
Asset management and servicing		22,900		207,679			9		239,483		(251	)		239,232
Automobile related services		0		0			18,763		82,425		3			82,428
Facilities operation		0		0			0		55,231		1,000			56,231
Environment and energy services		1,433		0			0		211,617		(1,968	)		209,649
Real estate management and brokerage		0		0			0		100,137		(1,544	)		98,593
Real estate contract work		0		0			0		120,614		(235	)		120,379
Other		6,649		150			1,633		102,041		2,243			104,284

Total revenues from contracts with customers		33,016		207,829			22,103		1,301,851		1,514			1,303,365

Other revenues *		152,873		(537	)		166,329		1,359,413		881			1,360,294

Segment revenues/Total revenues	¥	185,889	¥	207,292		¥	188,432	¥	2,661,264	¥	2,395		¥	2,663,659


	Millions of yen
	Fiscal Year ended March 31, 2024
	Reportable segments
	Corporate Financial Services and Maintenance Leasing		Real Estate		PE Investment and Concession		Environment and Energy			Insurance		Banking and Credit		Aircraft and Ships
Goods or services category
Sales of goods	¥	3,934	¥	3,536	¥	249,085	¥	3,771		¥	0	¥	0	¥	97
Real estate sales		0		107,477		0		0			0		0		0
Asset management and servicing		318		9,662		0		(6	)		0		615		53
Automobile related services		65,942		0		0		239			0		0		0
Facilities operation		0		74,989		0		0			0		0		0
Environment and energy services		2,958		41		83		155,838			0		0		0
Real estate management and brokerage		0		101,229		0		0			0		0		0
Real estate contract work		0		104,875		47,233		0			0		0		0
Other		40,882		1,482		33,371		770			2,036		6,706		9,328

Total revenues from contracts with customers		114,034		403,291		329,772		160,612			2,036		7,321		9,478

Other revenues *		330,925		68,401		49,396		4,986			561,833		81,253		55,713

Segment revenues/Total revenues	¥	444,959	¥	471,692	¥	379,168	¥	165,598		¥	563,869	¥	88,574	¥	65,191


	Millions of yen
	Fiscal Year ended March 31, 2024
	Reportable segments								Corporate revenue and intersegment transactions			Total revenues
	ORIX USA		ORIX Europe		Asia and Australia		Total		Corporate revenue and intersegment transactions			Total revenues
Goods or services category
Sales of goods	¥	555	¥	0	¥	425	¥	261,403	¥	4,987		¥	266,390
Real estate sales		47		0		0		107,524		0			107,524
Asset management and servicing		20,157		213,908		44		244,751		(243	)		244,508
Automobile related services		0		0		22,141		88,322		3			88,325
Facilities operation		0		0		0		74,989		1,098			76,087
Environment and energy services		637		0		0		159,557		(1,482	)		158,075
Real estate management and brokerage		0		0		0		101,229		(1,386	)		99,843
Real estate contract work		0		0		0		152,108		(86	)		152,022
Other		5,739		123		1,285		101,722		5,469			107,191

Total revenues from contracts with customers		27,135		214,031		23,895		1,291,605		8,360			1,299,965

Other revenues *		146,291		13,120		201,398		1,513,316		1,080			1,514,396

Segment revenues/Total revenues	¥	173,426	¥	227,151	¥	225,293	¥	2,804,921	¥	9,440		¥	2,814,361


	Millions of yen
	Fiscal Year ended March 31, 2025
	Reportable segments
	Corporate Financial Services and Maintenance Leasing		Real Estate		PE Investment and Concession		Environment and Energy		Insurance			Banking and Credit		Aircraft and Ships
Goods or services category
Sales of goods	¥	4,202	¥	3,754	¥	252,969	¥	3,307	¥	0		¥	0	¥	852
Real estate sales		0		104,105		0		0		0			0		0
Asset management and servicing		418		8,958		0		24		0			0		38
Automobile related services		65,250		0		0		196		0			0		0
Facilities operation		0		82,153		0		0		0			0		0
Environment and energy services		3,013		39		78		173,831		0			0		0
Real estate management and brokerage		0		103,831		0		0		0			0		0
Real estate contract work		574		115,437		50,880		0		0			0		0
Other		38,891		1,530		18,315		863		(1	)		2,914		16,101

Total revenues from contracts with customers		112,348		419,807		322,242		178,221		(1	)		2,914		16,991

Other revenues *		348,351		77,973		55,689		7,800		518,364			60,390		102,601

Segment revenues/Total revenues	¥	460,699	¥	497,780	¥	377,931	¥	186,021	¥	518,363		¥	63,304	¥	119,592


	Millions of yen
	Fiscal Year ended March 31, 2025
	Reportable segments								Corporate revenue and intersegment transactions			Total revenues
	ORIX USA		ORIX Europe		Asia and Australia		Total		Corporate revenue and intersegment transactions			Total revenues
Goods or services category
Sales of goods	¥	543	¥	0	¥	751	¥	266,378	¥	2,672		¥	269,050
Real estate sales		0		0		0		104,105		0			104,105
Asset management and servicing		17,901		248,664		172		276,175		(246	)		275,929
Automobile related services		0		0		21,737		87,183		(10	)		87,173
Facilities operation		0		0		0		82,153		1,406			83,559
Environment and energy services		0		0		0		176,961		(1,310	)		175,651
Real estate management and brokerage		0		0		0		103,831		(1,462	)		102,369
Real estate contract work		0		0		0		166,891		(3,970	)		162,921
Other		5,920		118		1,280		85,931		5,575			91,506

Total revenues from contracts with customers		24,364		248,782		23,940		1,349,608		2,655			1,352,263

Other revenues *		129,864		8,485		212,280		1,521,797		761			1,522,558

Segment revenues/Total revenues	¥	154,228	¥	257,267	¥	236,220	¥	2,871,405	¥	3,416		¥	2,874,821

*	Other revenues include revenues that are not in the scope of revenue from contracts with customers, such as life insurance premiums and related investment income, operating leases, finance revenues that include interest income, and others.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details