Orix KK

Latest Results (17.12.2024):

Revenue Growth

Orix KK reported a 3% increase in total revenues for the six months ended September 30, 2024, reaching ¥1,403,633 million compared to ¥1,359,956 million in the same period of the previous year. This growth was driven by higher revenues from operating leases, sales of goods and real estate, and services income, despite a decline in life insurance premiums and related investment income.

Income and Profit

For the six months ended September 30, 2024, Orix KK's income before income taxes rose significantly by 39% to ¥256,991 million, up from ¥184,467 million in the previous year. Net income attributable to Orix KK shareholders also saw a substantial increase of 43%, amounting to ¥182,946 million compared to ¥128,100 million in the same period last year.

Expense Management

Total expenses for Orix KK increased by 1% to ¥1,206,661 million for the six months ended September 30, 2024, compared to ¥1,195,792 million in the previous year. This rise was primarily due to higher costs associated with operating leases, goods and real estate sold, and services expenses, partially offset by reduced life insurance costs.

Segment Performance

Orix KK's total segment profits for the six months ended September 30, 2024, increased by 29% to ¥287,769 million compared to the same period in the previous fiscal year. This improvement reflects changes in the presentation of equity method investments and adjustments in the interest expense allocation method for each segment since April 1, 2024.

Dividend and Outlook

Orix KK announced an interim dividend of ¥62.17 per share for the fiscal year ending March 31, 2025, applying a dividend payout ratio of 39% to earnings per share for the six months ended September 30, 2024. The company forecasts an annual dividend of at least ¥98.60 per share, contingent on achieving a net income attributable to shareholders of ¥390 billion for the fiscal year.