ORIX Corporation Reports Earnings Results for the Full Year Ended March 31, 2022
May 11, 2022 at 03:55 pm IST
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ORIX Corporation reported earnings results for the full year ended March 31, 2022. For the full year, the company reported sales was JPY 932,264 million compared to JPY 884,615 million a year ago. Revenue was JPY 2,520,365 million compared to JPY 2,292,708 million a year ago. Net income was JPY 312,135 million compared to JPY 192,384 million a year ago. Basic earnings per share from continuing operations was JPY 259.37 compared to JPY 155.54 a year ago. Diluted earnings per share from continuing operations was JPY 259.07 compared to JPY 155.39 a year ago.
ORIX Corporation is a financial services group organized around 9 business divisions:
- life insurance (19.3% of net sales);
- corporate financial services (17.6%): leasing and rental of automobiles, IT-related and technological equipment;
- development, management and promotion of real estate assets (15.5%);
- private equity investment (15.3%);
- asset and investment fund management in Europe (8.8%);
- capital markets and investment banking in the United States (6.4%);
- finance and investment banking in Asia and Australia (5.9%);
- retail banking and consumer finance (3.4%);
- aircraft and ship leasing and financing (1.5%).
The balance of net sales (6.3%) relates to energy and environmental activities (renewable energy production, electricity distribution, sale of solar panels and electricity storage systems, recycling and waste management).