, styled as ORIX, is a Japanese diversified financial services group headquartered in

Minato, Tokyo is a special ward in Tokyo, Japan. It is also called Minato City in English. It was formed in 1947 as a merger of Akasaka, Azabu and Shiba wards following Tokyo City's transformation into Tokyo Metropolis. The modern Minato ward exhibits th ...

, and

Osaka is a designated city in the Kansai region of Honshu in Japan. It is the capital of and most populous city in Osaka Prefecture, and the third most populous city in Japan, following Special wards of Tokyo and Yokohama. With a population of 2. ...

, Japan. ORIX offers leasing, lending, rentals, life insurance, real estate financing and development, venture capital, investment and retail banking, commodities funds and securities brokering. In addition to expanding its offerings, ORIX has also expanded globally, offering financial services in

North America North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Car ...

Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...

, the

Middle East The Middle East ( ar, الشرق الأوسط, ISO 233: ) is a geopolitical region commonly encompassing Arabian Peninsula, Arabia (including the Arabian Peninsula and Bahrain), Anatolia, Asia Minor (Asian part of Turkey except Hatay Pro ...

and

Northern Africa North Africa, or Northern Africa is a region encompassing the northern portion of the African continent. There is no singularly accepted scope for the region, and it is sometimes defined as stretching from the Atlantic shores of Mauritania in t ...

. Divisions include Japan-based ORIX Auto Leasing Corporation, which operates in other countries through subsidiaries such as ORIX Auto Leasing (

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bo ...

) Co., Ltd. It is also known for being the majority owner of the

ORIX Buffaloes The are a Nippon Professional Baseball team formed as a result of the 2004 Nippon Professional Baseball realignment by the merger of the Orix BlueWave of Kobe, Hyōgo Prefecture, Japan, and the Osaka Kintetsu Buffaloes of Osaka, Osaka Prefectur ...

baseball team in

Nippon Professional Baseball or NPB is the highest level of baseball in Japan. Locally, it is often called , meaning ''Professional Baseball''. Outside Japan, it is often just referred to as "Japanese baseball". The roots of the league can be traced back to the formation ...

History

ORIX was established 17 April 1964 as ''Orient Leasing Co., Ltd.'' The company's name was changed to ORIX Corporation in 1989. ORIX was originally a subsidiary of the trading house Nichimen (now

Sojitz is a ''sogo shosha'' (general trading company) based in Tokyo, Japan. It is engaged in a wide range of businesses globally, including buying, selling, importing, and exporting goods, manufacturing and selling products, providing services, and pl ...

Yoshihiko Miyauchi is a Japanese businessman. He is Senior Chairman of ORIX Corp. and was a former CEO of ORIX Corp. Miyauchi served as President of the Council for Promoting Regulatory Reform in Japan. As of 2007, ORIX was Japan's largest leasing and leading d ...

transferred to the company from Nichimen and went on to serve as its chairman and CEO, taking a key role in expanding its leasing business into a global player. Following his retirement in 2014, he was paid a 4.4 billion yen retirement bonus, an amount generally unheard of in the Japanese corporate world. In 2006,

Orix USA ORIX Corporation USA (ORIX USA) is a financial services group established in 1981 in New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population ...

acquired a majority stake in the investment bank

Houlihan Lokey Houlihan Lokey, Inc., is an American multinational independent investment bank and financial services company. Houlihan Lokey was founded in 1972 and is headquartered at Constellation Place in Century City, Los Angeles, California. The firm adv ...

to address the growing international demand for middle-market investment banking services. Houlihan Lokey opened offices in Hong Kong and Tokyo in 2007. As of 2007, ORIX was Japan's largest leasing and leading diversified financial services conglomerate with assets in excess of US$69 billion and subsidiaries & associates in 24 countries worldwide. In early 2009, ORIX management advised employees worldwide that due to suffering a series of losses because of the economic downturn, a retrenchment of 10% of its employees would occur. In turn this resulted in the termination of approx 600 individuals' employment contracts. On July 1, 2013 ORIX has acquired approximately 90.01% of the equity in Dutch

asset manager Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

Robeco Robeco is an originally Dutch asset management firm, since 2013 part of Orix, founded in 1929 as the Rotterdamsch Beleggings Consortium (Rotterdam Investment Consortium). As of 2014, the company had €246 billion of assets under management. It ...

from

Rabobank Rabobank (; full name: ''Coöperatieve Rabobank U.A.'') is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands. The group comprises 89 local Dutch Rabobanks (2019), a central organisation (Raboban ...

also from the Netherlands.ORIX press releas
ORIX completes acquisition of Robeco, July 1, 2013
accessdate July 13, 2013 The total sale price was €1,937 million (JPY 250.7 billion). Robeco will help Orix to pursue its growth ambitions in global asset management. ORIX and

Vinci SA Vinci (corporately styled VINCI) is a French concessions and construction company founded in 1899 as Société Générale d'Enterprises. Its head office is in Nanterre, in the western suburbs of Paris. Vinci is listed on Euronext's Paris stock ...

won a 45-year contract in 2015 to operate

Itami Airport , often referred to as is the primary regional airport for the Kansai region of Japan, including the major cities of Osaka, Kyoto and Kobe. Classified as a first class airport, it is the airport closest to Kyoto, southwest of Kyoto Station. ...

and

Kansai International Airport Kansai International Airport ( ja, 関西国際空港, Kansai Kokusai Kūkō) commonly known as is the primary international airport in the Greater Osaka Area of Japan and the closest international airport to the cities of Osaka, Kyoto, and K ...

Osaka Prefecture is a Prefectures of Japan, prefecture of Japan located in the Kansai region of Honshu. Osaka Prefecture has a population of 8,778,035 () and has a geographic area of . Osaka Prefecture borders Hyōgo Prefecture to the northwest, Kyoto Prefecture ...

, at a price of around US$18 billion.

References

External links

ORIX Corporation
Companies listed on the Tokyo Stock Exchange Financial services companies based in Tokyo Companies based in Osaka Prefecture Leasing companies Japanese brands Midori-kai Financial services companies established in 1964 Japanese companies established in 1964 {{japan-company-stub