ORIX Corporation reported its highest-ever quarterly net income of JPY 280.8 billion for the three months ended June 30, 2026, up JPY 173.5 billion year over year, driven largely by JPY 121.7 billion in Kioxia-related sale and valuation gains. The company maintained its full-year net income forecast of JPY 530 billion, citing Kioxia share-price volatility that makes results difficult to predict. ORIX changed its dividend policy to base payouts on adjusted profits that exclude non-cash Kioxia-related gains and losses, while keeping a minimum payout of the higher of a 39% payout ratio or the prior year's dividend of JPY 156.10 per share. The company also continued its JPY 250 billion share buyback program, with 31% completed by the end of July. Core operations improved across asset management, aircraft leasing, shipping, insurance, and U.S. and European businesses, and ORIX generated JPY 115.7 billion in capital gains and about JPY 300 billion in recycling-related cash inflows during the quarter.
ORIX CorporationRecord quarterly profit driven by Kioxia gains and improved core operations, with dividend policy change and buyback.
Kioxia Holdings CorporationKioxia-related gains boosted ORIX's profit, but Kioxia's own impact is indirect and not directly discussed.
