Orix Corp Ads Q1 Earnings Call Highlights

ORIX Corp Ads reported first-quarter net income of JPY 280.8 billion for the three months ended June 30, 2026, up JPY 173.5 billion year over year and the highest quarterly profit on record. The company said the quarter represented 53% progress toward its unchanged full-year net income forecast of JPY 530 billion. Financial support came largely from gains linked to Kioxia shares held through Toshiba, an ORIX investee. ORIX recorded JPY 121.7 billion in Kioxia sale and valuation gains, with adjusted profits of JPY 159.1 billion. ORIX forecast JPY 840 billion in first-half net income, including JPY 540 billion from Kioxia-related gains, but kept the full-year forecast due to the predictability challenge. The company also shifted its dividend policy to rely on adjusted profits.