Consolidated Financial Results from April 1, 2018 to March 31, 2019
(U.S. GAAP Financial Information for ORIX Corporation and its Subsidiaries)
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Corporate Name:
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ORIX Corporation
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Listed Exchanges:
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Tokyo Stock Exchange (Securities No. 8591)
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New York Stock Exchange (Trading Symbol : IX)
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Head Office:
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Tokyo JAPAN
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Tel:
+81-3-3435-3121
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(URL https://www.orix.co.jp/grp/en/ir/)
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1. Performance Highlights as of and for the Year Ended March 31, 2019
(1) Performance Highlights - Operating Results (Unaudited)
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(millions of yen)*1
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Total
Revenues
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Year-on-Year
Change
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Operating
Income
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Year-on-Year
Change
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Income before
Income Taxes
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Year-on-Year
Change
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Net Income
Attributable to
ORIX Corporation
Shareholders
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Year-on-Year
Change
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March 31, 2019
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2,434,864
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(14.9
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%)
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329,438
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(2.0
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%)
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395,730
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(9.1
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%)
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323,745
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3.4
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%
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March 31, 2018
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2,862,771
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6.9
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%
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336,195
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2.1
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%
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435,501
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2.5
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%
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313,135
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14.6
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%
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Comprehensive Income Attributable to ORIX Corporation Shareholders was ¥310,970 million
for the fiscal year ended March 31, 2019
(year-on-year
change was a 7.9% increase) and ¥288,148 million for the fiscal year ended March 31, 2018
(year-on-year
change was a 9.4% increase).
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Basic
Earnings Per Share
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Diluted
Earnings Per Share
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Return on
Equity
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Return on
Assets*2
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Operating
Margin
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March 31, 2019
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252.92
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252.70
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11.6
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%
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3.4
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%
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13.5
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%
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March 31, 2018
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244.40
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244.15
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12.1
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%
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3.8
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%
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11.7
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%
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Equity in Net Income of Affiliates was a net gain of ¥32,978 million for the fiscal year
ended March 31, 2019 and a net gain of ¥50,103 million for the fiscal year ended March 31, 2018.
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*Note 1:
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Unless otherwise stated, all amounts shown herein are in millions of Japanese yen, except for per share and dividend
amounts which are in single yen.
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*Note 2:
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Return on Assets is calculated based on Income before Income Taxes.
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(2) Performance Highlights - Financial Position (Unaudited)
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Total
Assets
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Total
Equity
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Shareholders
Equity
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Shareholders
Equity Ratio
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Shareholders
Equity Per Share
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March 31, 2019
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12,174,917
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2,953,201
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2,897,074
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23.8
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%
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2,263.41
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March 31, 2018
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11,425,982
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2,798,874
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2,682,424
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23.5
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%
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2,095.64
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*Note 3:
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Shareholders Equity refers to Total ORIX Corporation Shareholders Equity.
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Shareholders Equity Ratio is the ratio of Total ORIX Corporation Shareholders Equity to
Total Assets.
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Shareholders Equity Per Share is calculated based on Total ORIX Corporation Shareholders
Equity.
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(3) Performance Highlights - Cash Flows (Unaudited)
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Cash Flows
from Operating
Activities
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Cash Flows
from Investing
Activities
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Cash Flows
from Financing
Activities
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Cash, Cash Equivalents and
Restricted
Cash
at End of Year
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March 31, 2019
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587,678
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(873,951
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)
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166,647
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1,283,580
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March 31, 2018
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568,791
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(439,120
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141,010
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1,405,117
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*Note 4:
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Prior-year amounts have been adjusted for the retrospective application of Accounting Standards Update
2016-18
(Restricted CashASC 230 (Statement of Cash Flows)) on April 1, 2018.
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2. Dividends (Unaudited)
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First
Quarter-end
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Second
Quarter-end
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Third
Quarter-end
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Year-end
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Total
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Total
Dividends Paid
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Dividend Payout
Ratio
(Consolidated base)
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Dividends on Equity
(Consolidated base)
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March 31, 2018
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27.00
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39.00
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66.00
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84,579
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27.0
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%
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3.3
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%
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March 31, 2019
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30.00
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46.00
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76.00
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97,415
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30.0
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%
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3.5
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%
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March 31, 2020 (Est.)
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35.00
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30.0
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%
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*Note 5:
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The amount of
Year-end
dividend for the fiscal year ending March 31, 2020 has
not yet been determined.
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*Note 6:
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Total dividends paid include dividends paid to the Board Incentive Plan Trust (¥117 million for the fiscal year
ended March 31, 2018 and ¥138 million for the fiscal year ended March 31, 2019).
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3. Targets for the Year Ending March 31, 2020 (Unaudited)
In order to facilitate a better understanding of our medium- and long- term growth projections by our shareholders and potential investors, we
decided to include our medium-term strategic directions in this document. For details, refer to 2. Management Policies (2) Target Performance Indicators FY2019-2021 on page 10 and 2. Management Policies (3) Medium- Term
Strategic Directions FY2019-2021 on page 11.
4. Other Information
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(1) Changes in Significant Consolidated Subsidiaries
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Yes ( ) No ( x )
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Addition - None
( )
Exclusion - None (
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(2) Changes in Accounting Principles, Procedures and Disclosures
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1. Changes due to adoptions of new accounting standards
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Yes ( x ) No ( )
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2. Other than those above
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Yes ( ) No ( x )
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*Note 7:
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For details, please refer to 4. Financial Information (9) Changes in Significant Basis of Preparation of
Consolidated Financial Statements on page 20.
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(3) Number of Issued Shares (Ordinary Shares)
1. The number of issued shares, including treasury stock, was 1,324,629,128 as of March 31, 2019, and 1,324,495,728 as of March 31,
2018.
2. The number of treasury stock shares was 42,843,783 as of March 31, 2019, and 42,843,413 as of March 31, 2018.
3. The average number of outstanding shares was 1,280,020,396 for the fiscal year ended March 31, 2019, and 1,281,238,164 for the fiscal
year ended March 31, 2018.
The Companys shares held through the Board Incentive Plan Trust (1,823,993 shares as of
March 31, 2019 and 1,651,443 shares as of March 31, 2018) 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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