Key Points – Record Q1 profit was driven by Kioxia-related gains: ORIX reported JPY 280.8 billion in net income, up JPY 173.5 billion year over year, including JPY 121.7 billion from Kioxia share sales and valuation gains.
The company maintained its JPY 530 billion full-year forecast because Kioxia’s share-price volatility makes results difficult to predict. – Dividend policy now focuses on adjusted profits: ORIX will exclude non-cash Kioxia-related gains and losses from its dividend calculations, while maintaining a minimum payout based on a 39% ratio or the prior year’s dividend
It also continued its JPY 250 billion buyback program, with 31% completed by the end of July. – Core operations and capital recycling improved: Asset management, aircraft leasing, shipping, insurance and U.S./European businesses posted stronger performance, while ORIX generated JPY 115.7 billion in capital gains and about JPY 300 billion in recycling-related cash inflows. The company completed the ORIX Bank transfer to Daiwa Securities and agreed to acquire aircraft-parts specialist AerFin. Orix Corp Ads (NYSE:IX) reported first-quarter net income of JPY 280.8 billion for the three months ended June 30, 2026, up JPY 173.5 billion from a year earlier and the company’s highest quarterly profit on record.
The result represented 53% progress toward its unchanged full-year net income forecast of JPY 530 billion. Chief Financial Officer and Chief Strategy Officer Masataka Yamada said the quarter was significantly supported by gains tied to Kioxia shares held by Toshiba, an ORIX investee. The company recorded JPY 121.7 billion in Kioxia sale and valuation gains during the quarter, while adjusted profits were JPY 159.1 billion.