Significant Increase in Net Income
Q1 net income was up 38% year-over-year to JPY 86.7 billion, representing 22% of the full-year net income target and indicating a strong start to the fiscal year.
Profits in the Investment Category
Investment category achieved 20% of the full year profit target, with profits growing significantly by 194% year-over-year due to domestic PE exits.
Inbound Tourism Growth
Profits from inbound tourism-related businesses were up 78% to JPY 6.9 billion year-over-year, driven by increased activity in aircraft leasing and airport concessions.
Capital Recycling Success
ORIX achieved JPY 35 billion in capital gains for the quarter, with expectations for capital gains to outpace those of the prior year.
Growth in Insurance Segment
Profits in the insurance segment were up 13% year-over-year to JPY 21.9 billion, driven by earnings gains from asset-managing portfolio diversification and growth in life insurance premiums.