Skip to main content

Go Premium in Our Biggest Sale Ever

UPGRADE NOW
TipRanks
Go Ultimate75% OFF

ORIX (8591N) Q2 2027 Earnings Report

0 Followers

MX:8591N Q2 2027 EPS Results

Actual EPS
MXN 61.96
Consensus EPS
MXN 28.80
Beat/Miss
Beat by +MXN 33.16
One Year Ago EPS
MXN 17.07

MX:8591N Q2 2027 Revenue Results

Actual Revenue
MXN 93.37B
Expected Revenue
MXN 145.95B
Beat/Miss
Missed by -MXN 52.59B
YoY Revenue Growth
+0.17%

Earnings Announcement Details

Quarter
Q2 2027
Date
11/09/2026
Time
Before Open
Conference Call
Monday, November 9, 2026
MX:8591N Upcoming Earnings

ORIX's next earnings date is estimated for February 8, 2027, based on past reporting schedules.

Q2 2027 Earnings Call Audio

MX:8591N Q2 2027 Earnings Call
0:00 / 0:00

Q2 2027 Earnings Slide Deck

Q2 2027 Earnings Call Summary

Q2 2027
Earnings Call Date:Nov 09, 2026|% Change Since:―|
Earnings Call Sentiment|Positive

The call was broadly positive, supported by record first-half net income, strong adjusted-profit accumulation, asset-management growth, robust aircraft and ships performance, major capital recycling, portfolio optimization, and increased shareholder returns. However, the outlook remains exposed to substantial KIOXIA share-price volatility, Greater China impairments, challenged U.S. and Elawan businesses, data-breach incidents, and uncertainty around ROE and full-year earnings. Management nevertheless described the core business environment as generally solid and reiterated its 11% ROE target.

Company Guidance

ORIX kept its full-year net income forecast unchanged at JPY 530 billion, expects KIOXIA sales and valuation losses of approximately JPY 190 billion in the third quarter based on a share price of JPY 18,095 at the end of September, and estimates that every JPY 1,000 change in KIOXIA’s share price would fluctuate after-tax gains by JPY 12.8 billion; adjusted profits are progressing toward approximately JPY 480 billion, while full-year new investments are expected to be more than JPY 800 billion, second-half capital inflow has a remaining target of JPY 1.2 trillion, the full-year dividend forecast remains JPY 187.36 per share, and the JPY 250 billion share-repurchase limit was 70% complete at JPY 175.5 billion at the end of October. The company said a rough image for next year was JPY 100 billion times four, maybe slightly higher than that, and that 11% remains its ROE target, with further updates expected at the Q3 earnings call.

  • Record First-Half Net IncomeFirst-half net income was JPY 856.2 billion, almost 3x the same period of the previous year and a record-high first-half result. The increase was driven by gains on sales of ORIX Bank and multiple private-equity investees, as well as sales and valuation gains on indirectly held KIOXIA shares.
  • Adjusted Profit Accumulated SteadilyFirst-half adjusted profits were JPY 317.5 billion, consisting of JPY 159.1 billion in the first quarter and JPY 158.4 billion in the second quarter. Second-quarter adjusted profits included approximately JPY 100 billion of core profit, approximately JPY 90 billion of gains on the sale of ORIX Bank, and approximately JPY 30 billion of impairments, mainly in Greater China.
  • Strong Segment Profit GrowthTotal segment profits increased by JPY 749.6 billion year-over-year to JPY 1,147.4 billion, with three of the four segments posting profit increases. First-half segment profit was up 188% year-over-year.
  • APAC Profit Surge Supported by KIOXIA and Private EquityAPAC segment profit increased by JPY 790.7 billion year-over-year to JPY 916.4 billion. KIOXIA sale and valuation gains amounted to JPY 795.7 billion, while the private-equity investment unit realized approximately JPY 62.3 billion from the sale of SUGIKO.
  • Europe and Americas GrowthEurope and Americas segment profit increased by JPY 71.5 billion year-over-year to JPY 91.8 billion. ORIX USA recorded sale and valuation gains on multiple private-equity investees, while the asset-management business, including Robeco, expanded AUM and asset-management fees.
  • Insurance Profit IncreasedInsurance segment profit increased by JPY 6.2 billion year-over-year to JPY 57.1 billion, supported by new policies from corporate and high-net-worth clients, particularly yen-denominated whole-life insurance products revised or launched in the previous fiscal year.
  • Asset Management ExpansionAsset management businesses in Europe and the Americas expanded AUM through active management, quantitative and research capabilities, and global distribution. The company also formed a fund for a domestic battery-storage development project, closed new funds at NXT Capital in the United States, and strengthened U.S. distribution capabilities.
  • NXT Capital Closed Largest-Ever New FundsNXT Capital recently closed new funds on its largest-ever scale through a variety of investment structures, adding new institutional investors and increasing commitments from existing investors. Its lending business was described as continuing to perform solidly.
  • Aircraft and Ships Delivered Profit GrowthAircraft and Ships performed well, with gains from aircraft sales, leasing revenue, and vessel sales. The businesses are using diverse sales channels, including JOLs and funds, to advance asset rotation while selectively managing holdings. Management said the relatively young aircraft market remains in a very tight supply-demand relationship and that the company is bullish on aircraft over the midterm.
  • AerFin Acquisition Expands Aircraft Value ChainORIX completed the acquisition of AerFin as a subsidiary on November 2. AerFin procures, sells, leases, and repairs aircraft engines and parts, has 600 customers across six continents, and brings aircraft and engine asset-management expertise. The acquisition expands ORIX's aircraft value-chain presence, adds parts-out as an exit strategy, and supports reuse of aircraft parts and engines.
  • Portfolio Optimization ProgressORIX transferred all shares of ORIX Bank to Daiwa Next Bank in August and completed exits from multiple private-equity investees, including SUGIKO, Network Connex, and Peak. ORIX Capital Partners in the United States now has only two remaining portfolio companies.
  • New Business and Geographic ExpansionORIX invested in Nippon Information Industry as the first deal of the private-equity fund formed with the Qatar Investment Authority. In APAC, it launched ORIX Fleet across 11 countries, combining an Australian fleet-management and maintenance model with Japanese know-how.
  • Capital Recycling Generated Strong InflowsFirst-half capital gains were JPY 266.1 billion, while cash inflows from investment recovery were approximately JPY 930 billion versus approximately JPY 340 billion of cash outflows for new investments. Capital recovery outpaced new investments during the first half.
  • Investment Pipeline Remains RobustThe company expects new investments of more than JPY 800 billion for the full year. Planned second-half investments include domestic real estate, domestic private equity, aircraft, Osaka IR, and other areas, with additional opportunities in ships and the Australian fleet business being considered.
  • Battery Storage Asset-Management ModelORIX began construction of the Yufu Battery Storage Plant and Yonezawa Plant through joint investment with three external investors. This is the first battery-storage development project using external capital, with ORIX holding a 23.7% equity stake while providing asset-management, development, operations, business-management, and maintenance services.
  • Segment Assets IncreasedSegment assets increased by JPY 698.7 billion from the end of the previous fiscal year to JPY 14.9 trillion. Infrastructure and Europe and Americas selectively deployed capital into growth areas such as aircraft while selling existing assets at optimal timing.
  • Progress Against Full-Year PlanOverall progress against the full-year plan was 164%. Finance and operations each progressed approximately 50%, at JPY 86.3 billion and JPY 123.1 billion respectively. Investment recorded JPY 938 billion and a 323% progress rate, while investment profit excluding KIOXIA sale and valuation gains was JPY 142.3 billion with a 49% progress rate.
  • Shareholder Returns IncreasedThe interim dividend was JPY 113.56 per share, calculated using adjusted-profit EPS and a 39% dividend payout ratio. It increased by JPY 19.8 year-over-year. The full-year dividend forecast remains JPY 187.36, and JPY 175.5 billion of the JPY 250 billion share-repurchase limit had been used by the end of October, representing 70% progress.
  • Interest-Rate Exposure Managed Through ALM and PricingManagement said interest-rate impacts on assets, including leasing businesses, are not large because they are managed through asset-liability management. For real estate and other businesses, higher procurement costs are being passed on to sales prices over time, including inflationary pressure, while assets are allocated when products or services have limited pricing flexibility.
  • Core Profit Remains Strategic FocusManagement emphasized continued efforts to grow base profit and strengthen potential profit-generation power, with capital recycling and gains on asset sales intended to supplement that base profit over time.
  • ROE Target Remains UnchangedDespite uncertainty caused by KIOXIA's share-price volatility and the ORIX Bank divestment, management reiterated that the target of 11% ROE remains unchanged for the fiscal period ending March 2028 and said it would work toward achieving that target.

MX:8591N Earnings History

MX:8591N earnings history
Report DateFiscal QuarterForecast / EPSLast Year's EPSEPS YoY ChangePress Release
Feb 08, 20272027 (Q3)17.43-12.41――
Nov 09, 20262027 (Q2)28.8061.9617.07262.91% (+44.89)
Aug 06, 20262027 (Q1)21.6629.9911.08170.60% (+18.91)
May 11, 20262026 (Q4)6.456.318.23-23.34% (-1.92)
Feb 09, 20262026 (Q3)9.3212.419.1435.79% (+3.27)
Nov 12, 20252026 (Q2)9.8317.079.8473.52% (+7.23)
Aug 07, 20252026 (Q1)9.4111.088.8325.50% (+2.25)
May 12, 20252025 (Q4)11.088.2312.88-36.11% (-4.65)
Feb 10, 20252025 (Q3)9.719.149.22-0.91% (-0.08)
Nov 08, 20242025 (Q2)8.549.846.5649.90% (+3.28)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat Missed