The following is a summary of the ORIX Corporation. (IX) Q4 2024 Earnings Call Transcript:

Financial Performance:

• ORIX Corporation reported a record high net income of ¥346.1 billion in FY 2024, up 19% YoY, resulting in an ROE of 9.2%.

• Q4 of FY 2024 net income was a record high of ¥126.9 billion.

• Segmental profit rose 22% YoY to ¥494.2 billion.

• Base profits increased by 14% YoY to ¥367.6 billion.

• Significant contribution to profits came from Corporate Financial Services and Maintenance Leasing, Real Estate, PE Investment and Concession, Insurance, Banking credit, and Aircraft and Ships segments.

Business Progress:

• ORIX is targeting a 9.6% ROE for FY 2025.

• The company aims for ¥57 billion pretax profit growth, driven by domestic companies and capital recycling in overseas renewable energy.

• In FY 2025, ORIX plans to continue its capital recycling program, maintaining a strong pipeline for new investments in Japan and overseas.

• Despite global uncertainties, ORIX remains steady in its strategic approach, continuing investments in domestic industries and major global expansion.

• The company's strategic focus includes problem-solving investments, accelerating globalization, and expanding asset management.

• Plans to increase asset under management in the U.S through third-party investments were revealed, boosting asset management fees.

• Aiming to increase net profits to ¥390 billion in 2025 and enhance payout ratio for stakeholders, with a goal to achieve an ROE of 10-11%.

• ORIX remains selective in their deals adjusting to the competitive landscape and maintaining a balance of investment and operation in its businesses.

More details: ORIX IR

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