ORIX is a joint stock corporation (kabushiki kaisha) formed under Japanese
law. Our principal place of business is at World Trade Center Building, 2-4-1
Hamamatsu-cho, Minato-ku, Tokyo 105-6135, Japan, and our phone number is: +81
3 3435 3000. Our general contact URL is https://ssl.orix-form.jp/ir/inquiry_e/
and our corporate website URL is: http://www.orix.co.jp/grp/en. ORIX USA Corporation
(“ORIX USA”) is ORIX’s agent in the United States, and its
principal place of business is at 1717 Main Street, Suite 1100, Dallas, Texas
75201, USA.
ORIX was established in April, 1964 in Osaka, Japan as Orient Leasing Co.,
Ltd. by three trading companies and five banks that included Nichimen Corporation,
Nissho Corporation and Iwai Corporation (presently Sojitz Corporation), the
Sanwa Bank (presently The Bank of Tokyo-Mitsubishi UFJ, Ltd.), Toyo Trust &
Banking (presently Mitsubishi UFJ Trust and Banking Corporation), the Industrial
Bank of Japan and Nippon Kangyo Bank (presently Mizuho Bank, Ltd.), and the
Bank of Kobe (presently Sumitomo Mitsui Banking Corporation).
Our initial development occurred during the period of sustained economic growth
in Japan during the 1960s and the early 1970s. We capitalized on the growing
demand in this period by expanding our portfolio of leasing assets.
During this time, our marketing strategy shifted from a focus on using the established
networks of the trading companies and other initial shareholders to one that
concentrated on independent marketing as the number of our branches expanded.
In April 1970, we listed our Shares on the second section of the Osaka
Securities Exchange. Since February 1973, our Shares have been listed on the
first sections of the Tokyo Stock Exchange and the Osaka Securities Exchange
(which was integrated into Tokyo Stock Exchange in 2013). ORIX was also listed
on the first section of the Nagoya Stock Exchange from February 1973 to October
2004.
ORIX set up a number of specialized leasing companies to tap new market potential,
starting with the establishment of Orient Auto Leasing Corporation (presently
ORIX Auto Corporation) in 1973 and Orient Instrument Rentals Corporation (presently
ORIX Rentec Corporation), Japan’s first electric measuring equipment rental
company, in 1976. With the establishment of the credit company Family Consumer
Credit Corporation (presently ORIX Credit Corporation, concentrating on card
loans) in 1979, ORIX began to move into the retail market by offering financing
services to individuals.
It was also during this time that ORIX began expanding overseas, commencing
with the establishment of its first overseas office in Hong Kong in 1971, followed
by Singapore (1972), Malaysia (1973), Indonesia (1975), the Philippines (1977)
and Thailand (1978).
In the 1980s and early 1990s, ORIX established offices in Sri Lanka (1980),
the United States (1981), Australia (1986), Pakistan (1986) and Taiwan (1991).
The Japanese company Budget Rent-a-Car (presently ORIX Auto Corporation) was
also established in 1985.
In 1989, we introduced a corporate identity program and changed our name to
ORIX Corporation from Orient Leasing Co., Ltd. to reflect our increasingly international
profile and diversification into financial services other than leasing.
In 1991 ORIX established ORIX Aviation Systems Limited in Ireland. In the same
year, ORIX established ORIX Omaha Life Insurance Corporation (presently ORIX
Life Insurance Corporation) and entered the life insurance business. In 1998
ORIX purchased Yamaichi Trust & Bank, Ltd. (presently ORIX Bank Corporation).
In 1998, ORIX listed on the New York Stock Exchange (Ticker Symbol: IX) and,
through registration with the SEC, has worked to further strengthen its corporate
governance regulations. ORIX Real Estate Corporation was established in 1999
to concentrate on condominium development that was first begun in 1993 as well
as develop office buildings in pursuit of improved real estate expertise. In
1999 we established ORIX Asset Management and Loan Services Corporation.
Since 2000, we have actively expanded our automobile-related operations by acquiring
companies and assets. We combined seven automobile-related companies into ORIX
Auto Corporation in 2005.
We have also continued our overseas expansion. In China, we established a rental
company in Tianjin in 2004 and in 2005 established a leasing company in Shanghai.
In 2009, we established a Chinese Headquarters in Dalian. We also set up local
subsidiaries in Saudi Arabia (2001), the United Arab Emirates (2002) and Kazakhstan
(2005).
In 2006, we entered the investment banking field in the United States with the
acquisition of Houlihan Lokey, Inc. (“Houlihan Lokey”) (whose shares
we partially sold through our wholly-owned subsidiary ORIX USA in August 2015).
In 2010, we acquired RED Capital Group, a U.S.-based company that provides financing
for multi-family, senior living and healthcare-related real estate development
projects in the United States. In 2010, we also acquired Mariner Investment
Group LLC, a leading independent SEC-registered hedge fund manager.
We managed ORIX Credit Corporation (“ORIX Credit”) over a continuous
three-year period jointly with Sumitomo Mitsui Banking Corporation pursuant
to an alliance established in July 2009. In June 2012, ORIX purchased all the
shares of ORIX Credit, making ORIX Credit a wholly-owned subsidiary of ORIX.
In July 2013, ORIX acquired Robeco Groep N.V. (“Robeco”), a global
asset management company based in the Netherlands, to pursue a new business
model by combining finance with related services.
In July 2014, we acquired Hartford Life Insurance K.K. (“HLIKK”)
(presently ORIX Life Insurance Corporation). In December 2014, we acquired Yayoi
Co., Ltd. (“Yayoi”), a software service provider targeting small
businesses.
In December 2015, ORIX and VINCI Airports S.A.S., an airport concession holder
and operator based in France, established Kansai Airports to operate and manage
Kansai International Airport and Osaka International Airport.
ORIX Group continues to provide innovative and flexible solutions to address
changes in the market environment and customer needs. ORIX Group’s diversified
business portfolio consists of six business segments: Corporate Financial Services,
Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas
Business. These business segments are closely integrated with each other to
create greater value through sharing know-how and expertise.
ORIX Group, using its diversified business portfolio as basis, intends to capitalize
on its business foundation, client base, industry know-how and accumulated expertise,
to continuously improve profitability by providing high value-added services
to the market. Furthermore, under our mid-term strategy of “Expansion
in Non-Finance Business,” ORIX Group aims to achieve sustainable profit
growth.
Our strategy of “Expansion in Non-Finance Business” consists of
“Organic growth” and “New investment in key areas.”
With these principles, we will pursue new business arising from the changing
business environment.
“Organic growth”: Deepen our strengths and expertise to further
expand our existing operations both in Japan and abroad. Those in Japan include
fee business, automobile-related business, facility operation business, and
life insurance business. Those abroad include automobile-related business, and
further diversification towards non-finance business.
“New investment in key areas”: Continue to pursue new investment
opportunities in key areas identified as the environment and energy-related
business and principal investment in Japan and abroad, the network in Asia,
global asset management, and concession business.
It is vital for ORIX Group to continue to maintain and develop a business structure
that can be flexibly and swiftly adapted to the changing business environment.
ORIX will take the following three steps in order to achieve the aforementioned
Medium-Term Management Targets.
Further advancement of risk management: Fortify ORIX Group’s growth-supporting
risk management foundation by enhancing the expertise necessary to manage risk,
and further refining the ability to discern good risks from bad ones.
Pursue transactions that are both socially responsible and economically viable:
Pursue transactions that are socially responsible from a social and environmental
standpoint while providing products and services that are valued by clients
and improve ORIX Group’s overall profitability.
Create a fulfilling workplace: Focus on ORIX Group’s strengths as a global
organization to create a fulfilling work environment for all employees regardless
of nationality, age, gender, background or position.
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