Exhibit 8.1

LIST OF SUBSIDIARIES

 

Name

   Country of
Incorporation
 

Principal Business

   ORIX
Voting
Power*
 

ORIX Auto Corporation

   Japan   Automobile Leasing, Rental, Car Sharing and Sales of Used Automobiles      100

ORIX Rentec Corporation

   Japan   Rental and Leasing of Test and Measurement Instruments and ICT-Related Equipment      100

Yodogawa Transformer Co., Ltd.

   Japan   Manufacturing, Rental, and Sales of Power Receiving, Transforming, and Generating Facilities and Equipment, Various Types of Transformers, Cubicles, etc.      100

ORIX Real Estate Corporation

   Japan   Real Estate Investment, Development, Rental, Facility Operation and Management      100

ORIX Real Estate Investment Advisors Corporation

   Japan   Real Estate Investment and Advisory Services      100

ORIX Asset Management Corporation

   Japan   Asset Management of J-REIT      100

DAIKYO INCORPORATED

   Japan   Housing Development and Sales, Redevelopment      100

ORIX Eco Services Corporation

   Japan   Trading of Recycled Metals and other Resources, Collection and Transportation of Industrial Waste, and Intermediate Waste Processing      100

Elawan Energy S.L.

   Spain   Development and Operation of Wind and Solar Power Generation      100

ORIX Life Insurance Corporation

   Japan   Life Insurance      100

ORIX Bank Corporation

   Japan   Banking      100

Santoku Holdings Corporation

   Japan   Ship-Owner Business and Ship Management      100

ORIX Aviation Systems Limited

   Ireland   Aircraft Leasing, Aircraft Asset Management      100

ORIX Corporation USA

   U.S.A.   Financial Services      100

ORIX Corporation Europe N.V.

   Netherlands   Asset Management      100

ORIX Asia Limited

   China

(Hong Kong)

  Leasing, Automobile Leasing, Lending, Banking      100

ORIX Leasing Malaysia Berhad

   Malaysia   Leasing, Lending      100

PT. ORIX Indonesia Finance

   Indonesia   Leasing, Automobile Leasing      85

ORIX Australia Corporation Limited

   Australia   Automobile Leasing and Truck Rentals      100

ORIX (China) Investment Co., Ltd.

   China   Equity Investment, Other Financial Services      100

ORIX Capital Korea Corporation

   South Korea   Automobile Leasing, Leasing, Lending      100

Thai ORIX Leasing Co., Ltd

   Thailand   Leasing, Automobile Leasing and Rentals      96

ORIX Corporation India Limited

   India   Automobile Leasing, ICT Leasing, Rentals, Leasing, Commercial Vehicle Loans, Commercial Mortgage Loans      99

ORIX Auto Leasing Taiwan Corporation

   Taiwan   Automobile Leasing      100

Osaka City Dome Co., Ltd.

   Japan   Management and Operation of Multipurpose Halls, and Planning, Production, and Operation of Various Events Including Sports      90

Another 1,138 Subsidiaries

                 

*1 ORIX voting power includes ORIX’s indirect voting power.

*2 ORIX Auto Infrastructure Services Limited, one of the Company’s subsidiaries, changed its name to ORIX Corporation India Limited on November 15, 2024.

 

8.1-1


LIST OF AFFILIATES

 

Name

   Country of
Incorporation
  

Principal Business

   ORIX
Voting
Power*
 

Kansai Airports

   Japan    Airport Operation      40

ORIX Credit Corporation

   Japan    Consumer Finance Services      34

Avolon Holdings Limited

   Ireland    Aircraft Leasing      30

Another 121 Affiliates

                  

 

*1

ORIX voting power includes ORIX’s indirect voting power.

*2

ORIX Credit Corporation, one of the Company’s affiliates, changed its name to DOCOMO Finance, Inc on April 1,2025.

 

8.1-2