Form 6-K ORIX CORP Due: May 11

Consolidated financial results from April 1, 2021 to March 31, 2022

(US GAAP financial information for ORIX Corporation and its subsidiaries)

Company Name:

ORIX Corporation

Listed stock exchanges:

Tokyo Stock Exchange (Securities No. 8591)

New York Stock Exchange (Symbol: IX)

The head office:

Tokyo, Japan

Such : +81-3-3435-3121

(URL https://www.orix.co.jp/grp/en/ir/)

1. Performance Highlights as of March 31, 2022 and for the Year Ended March 31, 2022

(1) Performance Highlights – Results of Operations (unaudited)

(million yen)*1

Total
Revenue
From year to year
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Operating
Revenue
From year to year
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income before
Income taxes
From year to year
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Net revenue
Attributable to
ORIX Corporation
Shareholders
From year to year
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March 31, 2022

2,520,365 9.9 % 302,083 16.7 % 504 876 75.6 % 312 135 62.2 %

March 31, 2021

2,292,708 0.5 % 258,814 (4.0 %) 287,561 (30.3 %) 192,384 (36.4 %)

“Comprehensive income attributable to shareholders of ORIX Corporation” was 382,219 million yen for the year ended March 31, 2022 (from year to year change was an increase of 68.9%) and 226,266 million yen for the year ended March 31, 2021 (from year to year change was a decrease of 7.8%).

Basic
Earnings per share
Diluted
Earnings per share
Go back
Equity
Go back
Assets*2
Operating
Margin

March 31, 2022

259.37 259.07 9.9 % 3.6 % 12.0 %

March 31, 2021

155.54 155.39 6.4 % 2.2 % 11.3 %

“Equity in net income of affiliates” was a net gain of 15,006 million yen for the year ended March 31, 2022 and a net gain of 481 million yen for the year ended March 31, 2021.

*Note 1:

Unless otherwise indicated, all amounts shown here are in millions of Japanese yen, except per share and dividend amounts which are in single yen.

* Note 2:

“Return on assets” is calculated on the basis of “income before income taxes”.

(2) Performance Highlights – Financial Position (unaudited)

Total
Assets
Total
Equity
Shareholders’
Equity
Shareholders’
Equity ratio
Shareholders’
Equity per share

March 31, 2022

14,270,672 3,371,401 3,261,419 22.9 % 2,732.88

March 31, 2021

13,563,082 3,103,144 3,028,456 22.3 % 2,487.77

* Note 3:

“Shareholders’ Equity” means the “Total shareholders’ equity of ORIX Corporation”.

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

“Equity per share” is calculated on the basis of “total equity of ORIX Corporation”.

(3) Performance Highlights – Cash Flow (unaudited)

Cash flow
operating activities
Cash flow
investment activities
Cash flow
from financing activities
Cash, cash equivalents
and allocated cash
at the end of the year

March 31, 2022

1,103,370 (808 846 ) (306,618 ) 1,091,812

March 31, 2021

1,102,414 (1,209,990 ) 39,884 1,079,575

2. Dividends (unaudited)

First
End of term
Second
End of term
Third
End of term
End of the year Total Total
Dividends paid
Distribution of dividends
Report
(Consolidated basis)
Equity dividends
(Consolidated basis)

March 31, 2021

35.00 43.00 78.00 96 108 50.1 % 3.2 %

March 31, 2022

39.00 46.60 85.60 102,661 33.0 % 3.3 %

March 31, 2023 (est.)

42.80 42.80 85.60

*Note 4:

Total dividends paid include dividends paid to the Board Incentive Plan Trust (169 million yen for the year ended March 31, 2021 and 175 million yen for the year ended March 31, 2022). The annual dividend per share for the year ended March 31, 2023 is expected to be an amount for which a dividend payout ratio is calculated at 33%, or the amount of 85.60 yen, whichever is greater. In the above, the minimum dividend has been indicated.

3. Other information

(1) Changes in the main consolidated subsidiaries

Yes ( ) No ( x )

Addition – None ( )

Exclusion – None ( )

(2) Changes in accounting principles, procedures and disclosures

1. Changes due to the adoption of new accounting standards

Yes ( x ) No ( )

2. Other than above

Yes ( ) No ( x )

*To note 5:

For more details, refer to “3. Financial information (9) Changes in the main bases of preparation of the consolidated financial statements” on page 19.

(3) Number of shares issued (ordinary shares)

1. The number of shares issued, including treasury shares, was 1,258,277,087 as of March 31, 2022 and 1,285,724,480 as of March 31, 2021.

2. The number of treasury shares was 62,914,027 as of March 31, 2022 and 66,231,916 as of March 31, 2021.

3. The average number of shares outstanding was 1,203,451,853 for the year ended March 31, 2022 and 1,236,897,189 for the year ended March 31, 2021.

The shares of the Company held through the Board Incentive Plan Trust (1,963,282 shares as of March 31, 2022 and 2,154,248 shares as of March 31, 2021) are not included in the number of treasury shares at the end of the periods , but are included in the average number of shares outstanding as treasury shares which are deducted from the basis for calculating per share data.

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