IX Orix Corporation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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Consolidated Financial Results

April 1, 2017 – June 30, 2017

July 31, 2017

In preparing its consolidated financial information, ORIX Corporation (the “Company”) and its subsidiaries have complied with generally accepted accounting principles in the United States of America.

These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission.

The Company believes that it may have been a “passive foreign investment company” for U.S. federal income tax purposes in the year to which these consolidated financial results relate by reason of the composition of its assets and the nature of its income. In addition, the Company may be a PFIC for the foreseeable future. Assuming that the Company is a PFIC, a U.S. holder of the shares or ADSs of the Company will be subject to special rules generally intended to eliminate any benefits from the deferral of U.S. federal income tax that a holder could derive from investing in a foreign corporation that does not distribute all of its earnings on a current basis. Investors should consult their tax advisors with respect to such rules, which are summarized in the Company’s annual report.

For further information please contact:

Investor Relations

ORIX Corporation

World Trade Center Building, 2-4-1 Hamamatsucho, Minato-ku, Tokyo 105-6135

JAPAN

Tel: +81-3-3435-3121 Fax: +81-3-3435-3154

E-mail: orix_corpcomm@orix.jp

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1. Performance Highlights as of and for the Three Months Ended June 30, 2017

(1) Performance Highlights - Operating Results (Unaudited)

(millions of yen)*1

“Comprehensive Income Attributable to ORIX Corporation Shareholders” was ¥94,298 million for the three months ended June 30, 2017 (year-on-year change was a 98.3% increase) and ¥47,557 million for the three months ended June 30, 2016 (year-on-year change was a 41.8% decrease).

(2) Performance Highlights - Financial Position (Unaudited)

“Shareholders’ Equity Ratio” is the ratio of “Total ORIX Corporation Shareholders’ Equity” to “Total Assets.”

2. Dividends (Unaudited)

3. Targets for the Year Ending March 31, 2018 (Unaudited)

4. Other Information

(4) Number of Issued Shares (Ordinary Shares)

1. The number of issued shares, including treasury stock, was 1,324,107,328 as of June 30, 2017, and 1,324,107,328 as of March 31, 2017.

2. The number of treasury shares was 42,842,821 as of June 30, 2017, and 19,394,191 as of March 31, 2017.

3. The average number of outstanding shares was 1,285,000,634 for the three months ended June 30, 2017, and 1,309,527,089 for the three months ended June 30, 2016.

The Company’s shares held through the Board Incentive Plan Trust (2,126,076 shares as of June 30, 2017 and 2,126,076 shares as of March 31, 2017) are not included in the number of treasury stock shares as of the end of the periods, but are included in the average number of shares outstanding as treasury stock shares that are deducted from the basis of the calculation of per share data.

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1. Summary of Consolidated Financial Results

(1) Financial Highlights

Overview of Business Performance (April 1, 2017 to June 30, 2017)

Total revenues for the three months ended June 30, 2017 (hereinafter, “the first consolidated period”) increased 35% to ¥792,297 million compared to ¥587,945 million during the same period of the previous fiscal year. Operating leases revenues decreased due to an impact from gains on sales of large-scale rental property in Japan during the same period of the previous fiscal year. On the other hand, life insurance premiums and related investment income in ORIX Life Insurance Corporation (hereinafter, “ORIX Life Insurance”) increased due to an increase in new insurance contracts and an improvement in investment income from assets under variable annuity and variable life insurance contracts compared to the same period of the previous fiscal year during which investment income decreased due to deterioration of the market environment. In addition, sales of goods and real estate increased due primarily to revenues generated by subsidiaries in the principal investment business, and services income increased due primarily to an expansion in the environment and energy business.

Total expenses increased 40% to ¥700,317 million compared to ¥500,522 million during the same period of the previous fiscal year. Costs of goods and real estate sold and services expense increased in line with the aforementioned increased revenues. In addition, life insurance costs increased due to the aforementioned increase in new contracts and the improvement in investment income from assets under variable annuity and variable life insurance contracts.

Equity in net income of affiliates increased mainly due to the recognition of significant gains on sales of investments in real estate joint ventures. Gains on sales of subsidiaries and affiliates and liquidation losses, net decreased compared to the same period of the previous fiscal year during which gains on sales of shares of affiliates were recorded in the Investment and Operation segment.

As a result of the foregoing, income before income taxes for the first consolidated period increased 15% to ¥135,611 million compared to ¥118,434 million during the same period of the previous fiscal year, and net income attributable to ORIX Corporation shareholders increased 17% to ¥89,712 million compared to ¥76,769 million during the same period of the previous fiscal year.

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Segment Information

Total segment profits for the first consolidated period increased 17% to ¥134,493 million compared to ¥115,342 million during the same period of the previous fiscal year. While segment profits decreased in the Investment and Operation segment, segment profits for each of the other segments increased.

Segment information for the first consolidated period is as follows:

Corporate Financial Services Segment : Loan, leasing and fee business

The Japanese economy on the whole entered a moderate recovery phase despite some areas of weakness. The balance of outstanding loans at financial institutions continues to increase while interest rates on loans remain at low levels.

Segment revenues increased 2% to ¥25,417 million compared to ¥24,990 million during the same period of the previous fiscal year due to an increase in gains on sales of securities and an increase in services income resulting primarily from revenue generated by Yayoi Co. Ltd.

Segment expenses increased due to an increase in expenses in line with the aforementioned revenues expansion and an increase in selling, general and administrative expenses.

As a result of the foregoing and the recognition of gains on sales of shares of affiliates, segment profits increased 20% to ¥10,225 million compared to ¥8,494 million during the same period of the previous fiscal year.

Segment assets decreased 2% to ¥1,007,431 million compared to the end of the previous fiscal year due primarily to decreases in investment in direct financing leases, installment loans and investment in affiliates.

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Maintenance Leasing Segment : Automobile leasing and rentals, car sharing, and test and measurement instruments and IT-related equipment rentals and leasing

While demand in corporate capital investment has been gradually increasing, concerns about uncertainty in the domestic and overseas economic outlook deter new investment. The volume of cars for new auto-leases is gradually increasing supported by a moderate economic recovery in Japan.

Segment revenues increased 2% to ¥68,288 million compared to ¥67,199 million during the same period of the previous fiscal year due to increases in finance revenues and operating leases revenues.

Segment expenses increased due primarily to increases in costs of operating leases in line with an increased average segment asset balance in the automobile leasing business and an increase in selling, general and administrative expenses.

As a result, segment profits remained flat at ¥9,894 million compared to the same period of the previous fiscal year.

Segment assets increased 1% to ¥759,644 million compared to the end of the previous fiscal year due primarily to an increase in new auto-leases in the automobile leasing business.

Real Estate Segment : Real estate development and rental, facility operation, REIT asset management, and real estate investment advisory services

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Land prices remain high and vacancy rates in the Japanese office building market remain at low levels, especially in the Greater Tokyo Area due primarily to the quantitative easing policies implemented by the Bank of Japan, including the low interest rate environment. However, we are also seeing a trend where sales prices of condominiums are no longer increasing. Changes in tourism style such as uses of vacation rentals are affecting hotels and Japanese inns’ operation.

Segment revenues decreased 19% to ¥46,520 million compared to ¥57,338 million during the same period of the previous fiscal year due primarily to a decrease in operating leases revenues in line with a decrease in gains on sales of rental property in Japan and decreased investment in operating leases, partially offset by an increase in services income from facilities operation.

Segment expenses increased compared to the same period of the previous fiscal year due primarily to an increase in services expense.

As a result of the foregoing and the recognition of significant gains on sales of investments in real estate joint ventures, segment profits increased 39% to ¥32,833 million compared to ¥23,603 million during the same period of the previous fiscal year.

Segment assets remained flat at ¥655,900 million compared to the end of the previous fiscal year due primarily to a decrease in investment in operating leases, which resulted from sales of rental properties, despite an increase in investment in affiliates.

Investment and Operation Segment : Environment and energy business, principal investment, loan servicing (asset recovery), and concession

Investment in infrastructure, especially energy infrastructure, is diversifying in Japan. In the energy business, among renewable energy, investment is expanding beyond solar power to wind and geothermal power. In addition, business structures are also diversifying. In infrastructure investment markets, the use of private funds is expanding in the public facilities management. In emerging countries, infrastructure demand is growing rapidly with economic growth, and Japanese companies are expected to increase infrastructure investment.

Segment revenues increased 64% to ¥422,527 million compared to ¥258,002 million during the same period of the previous fiscal year due to increases in gains on sales of investment securities and increases in sales of goods and services income from subsidiaries in the principal investment business and the environment and energy business.

Segment expenses increased compared to the same period of the previous fiscal year in line with the aforementioned revenues expansion.

As a result of the foregoing and the recognition of gains on sales of shares of an affiliate, and the recognition of a bargain purchase gain from the acquisition of a subsidiary during the same period of the previous fiscal year, segment profits decreased 46% to ¥16,657 million compared to ¥30,955 million during the same period of the previous fiscal year.

Segment assets remained flat at ¥768,407 million compared to the end of the previous fiscal year due primarily to a decrease in investment in securities, offsetting increases in inventories and property under facility operations in the environment and energy business.

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Retail Segment : Life insurance, banking and card loan

While the life insurance business in Japan is currently affected by macroeconomic factors such as domestic population decline, we are seeing a rise in demand for medical insurance. Companies are developing new products and offering revised insurance premiums which reflect the performance of related products. In the card loan business for individuals, banks and other lenders are expanding their assets and competition in the lending business continues to intensify in the current low interest rate environment.

Segment revenues increased 108% to ¥112,597 million compared to ¥54,006 million during the same period of the previous fiscal year mainly due to an increase in life insurance premiums in line with an increase in new insurance contracts, and an improvement in investment income from assets under variable annuity and variable life insurance contracts in ORIX Life Insurance compared to the same period of the previous fiscal year during which investment income decreased due to deterioration of the market environment.

Segment expenses increased compared to the same period of the previous fiscal year due to an increase in a provision of liability reserve in line with the aforementioned increase in new insurance contracts and the improvement in investment income.

As a result of the foregoing, segment profits increased 76% to ¥22,014 million compared to ¥12,532 million during the same period of the previous fiscal year.

Segment assets decreased 3% to ¥3,201,683 million compared to the end of the previous fiscal year due primarily to sales of investment in securities as well as the surrender of variable annuity and variable life insurance contracts at ORIX Life Insurance, offsetting an increase in installment loans in the banking business.

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Overseas Business Segment : Leasing, loan, bond investment, asset management and aircraft and ship-related operations

The economy of the United States has been on a continuing trend of recovery with improvements in employment and income environments, and other areas have also been on a moderate recovery. Although interest rates remain low worldwide, the prospect of rising interest rates has been strong in the United States. The asset management industry is expected to increase AuM due to the increase in pension assets and the high-income class population over the mid- and long-term. Also, the aviation industry is expected to continue to expand its market size against the backdrop of increasing passenger demand mainly in emerging countries. In addition, there are political and geopolitical tensions in certain regions that need to be monitored carefully.

Segment revenues decreased 8% to ¥115,826 million compared to ¥125,821 million during the same period of the previous fiscal year due primarily to a decrease in sales of goods resulting from the sale of a subsidiary during the previous fiscal year, despite increases in finance revenues from the Americas and operating leases revenues of aircraft-related operations in line with increased average segment asset balance.

Segment expenses decreased compared to the same period of the previous fiscal year due primarily to a decrease in costs of goods resulting from the aforementioned sale of a subsidiary.

As a result of the foregoing and due to the recognition of gains on sales of affiliates in the Americas and Asia, segment profits increased 44% to ¥42,870 million compared to ¥29,866 million in the same period of the previous fiscal year.

Segment assets increased 2% to ¥2,508,272 million compared to the end of the previous fiscal year due to increases in investment in operating leases of aircraft-related operations and installment loans in Asia, offsetting a decrease in investment in securities in the Americas.

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(2) Consolidated Financial Condition

Total assets increased 1% to ¥11,317,946 million compared to ¥11,231,895 million at the end of the previous fiscal year. Installment loans increased due primarily to an increase of assets in the banking business. On the other hand, investment in securities decreased due primarily to sales of investment in securities as well as surrender of variable annuity and variable life insurance contracts in ORIX Life Insurance. Segment assets decreased 1% to ¥8,901,337 million compared to the end of the previous fiscal year.

We manage the balance of interest-bearing liabilities at an appropriate level taking into account the condition of assets and liquidity on-hand as well as the domestic and overseas financial environment. As a result, long- and short-term debt and deposits increased compared to the end of the previous fiscal year. In addition, policy liabilities and policy account balances decreased due to the surrender of variable annuity and variable life insurance contracts.

Shareholders’ equity increased 1% to ¥2,525,334 million compared to the end of the previous fiscal year due primarily to an increase in retained earnings, despite a decrease due to share repurchases.

(3) Medium-Term Management Targets

ORIX continues to provide innovative and flexible solutions to address changes in the market environment and customer needs. ORIX’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, using its diversified business portfolio as a 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 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 business and private equity investment in Japan and abroad, the network in Asia, global asset management, and concession business.

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The Company aims to achieve ¥300 billion in net income and ROE around 11% to 12% for the fiscal year ending March 31, 2018.

Although forward-looking statements in this document are attributable to current information available to ORIX Corporation and are based on assumptions deemed reasonable by ORIX Corporation, actual financial results may differ materially due to various factors. Readers are urged not to place undue reliance on such forward-looking statements.

Factors causing a result that differs from forward-looking statements include, but are not limited to, those described under “Risk Factors” in our Form 20-F submitted to the U.S. Securities and Exchange Commission.

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2. Financial Information

(1) Condensed Consolidated Balance Sheets (Unaudited)

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(2) Condensed Consolidated Statements of Income (Unaudited)

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(3) Condensed Consolidated Statements of Comprehensive Income (Unaudited)

(4) Assumptions for Going Concern

There is no corresponding item.

(5) Significant Changes in Shareholders’ Equity

There is no corresponding item.

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(6) Segment Information (Unaudited)

1. Segment Information by Sector

2. Geographic Information

(7) Subsequent Events

There are no material subsequent events.

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