年次報告書2008年3月期

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1 Reliability in a Challenging Environment Creating Value for Clients Creating Value for Business Partners Creating Value for Society ORIX is generating medium- and long-term growth by enabling value creation

2 INDEX To page 2 ORIX at a Glance To page 6 CEO To page 10 COO To page 13 Reliability in a Challenging Environment How ORIX Is Creating Value for Clients 14 How ORIX Is Creating Value for Business Partners 16 How ORIX Is Creating Value for Society 18 SECForm 20-F Risk Factors Form 20-Fwww.orix.co.jp

3 ORIX Corporation Annual Report 2008 To page To page To page To page To page 159 To page 164 To page 165 1

4 ORIX at a Glance 2

5 ORIX Corporation Annual Report , , ,932 1,124,960 1,154,054 3% 8% , , , , , , , , , , ,020 91, , , , ,849,194 5,129,098 5,858,277 6,638,466 7,203,473 9% 12% , , ,646 1,194,234 1,267, ,624,957 6,068,953 7,242,455 8,207,187 8,994, % 14.17% 19.80% 18.30% 13.78% % 1.56% 2.50% 2.54% 1.97% % 11.98% 13.17% 14.55% 14.10% , , , , % 20% , , , , , , , , , % 0.53% 0.95% 1.10% 1.92% ,633 11,946 32,945 28,009 12, ,481 13,734 15,067 16,662 18,702 2, ,000 1,500 1,000 2, , , ,

6 ORIX at a Glance

7 ORIX Corporation Annual Report , ,800 1,500 1,

8 CEO 6

9 ORIX Corporation Annual Report

10 CEO 8

11 ORIX Corporation Annual Report

12 COO 10

13 ORIX Corporation Annual Report

14 COO 12

15 ORIX Corporation Annual Report 2008 Reliability in a Challenging Environment Creating Value for Clients Creating Value for Business Partners Creating Value for Society 13

16 Reliability in a Challenging Environment How ORIX Is Creating Value for Clients 14

17 ORIX Corporation Annual Report 2008 ETC

18 Reliability in a Challenging Environment How ORIX Is Creating Value for Business Partners 2 16

19 ORIX Corporation Annual Report UOL UOB ACAP Federal LandMetro Bank IL&FS Investment ManagersIL&FS MAJID AL FUTTAIM UAE 17

20 Reliability in a Challenging Environment How ORIX Is Creating Value for Society 18

21 ORIX Corporation Annual Report

22 , , , ,294 58,231 35, ,629,877 1,861,403 1,965, % 25%

23 ORIX Corporation Annual Report , , , ,661 28,224 25, , , , ,066 67,859 78, ,911 10,869 11, , , , % 7% 4% 2% 21

24 ,472 82,345 91, ,384 44,682 42, ,223,063 1,517,927 1,932, , , , ,650 51,236 80, , ,237 1,053, % 24% 28% 13% 22

25 ORIX Corporation Annual Report , , , ,212 9,921 7, , , , , , , ,024 60,387 24, , , , % 6% 8% 9% 23

26 , , , ,701 31,315 16, , , , , , , ,956 37,763 45, , , , % 6% 16% 8% 24

27 25 ORIX Corporation Annual Report 2008

28 1, ,933 1, , ,052 7, , , , , , , , ,

29 ORIX Corporation Annual Report 2008 To page 28 To page 30 To page 32 To page 34 To page 36 To page 38 27

30 /4 04/4 05/4 06/4 07/4 08/3 0 05/7 06/1 06/7 07/1 07/7 08/1 DIDiffusion Index

31 ORIX Corporation Annual Report

32 ,396 2,529 2,672 2,706 2,886 3,020 3,

33 ORIX Corporation Annual Report

34

35 ORIX Corporation Annual Report % 4.00% 3.00% 2.00% 1.00% 0.00% -1.00% -2.00% 05/ 6 05/ 12 06/ 6 06/ 12 07/ 6 07/ 12 OSAKA OSAKA The Tower Osaka 33

36

37 ORIX Corporation Annual Report

38 ,600 3, ,590 2, , , /3 04/3 05/3 06/3 07/3 08/3 0 36

39 ORIX Corporation Annual Report

40 NIE s ASEAN 4 38

41 ORIX Corporation Annual Report 2008 Houlihan Lokey 125 Credit Suisse 118 Citi 110 Goldman Sachs & Co. 109 UBS 94 Jefferies & Co. Inc. 93 Lehman Brothers 92 JP Morgan 91 Morgan Stanley 79 RBC Capital Markets 71 Houlihan Lokey 566 Credit Suisse 450 JP Morgan 440 Goldman Sachs & Co. 434 Morgan Stanley 378 Merrill Lynch 366 Citi 311 USB 305 Lehman Brothers 280 Banc of America Securities

42 M 56 P P P P M 40

43 ORIX Corporation Annual Report 2008 () 41

44 42

45 ORIX Corporation Annual Report 2008 P M P 43

46 44

47 ORIX Corporation Annual Report 2008 M 45

48 (5) (59) (5) (59) ,092 1,151 46

49 ORIX Corporation Annual Report 2008 M M 47

50 () 48

51 ORIX Corporation Annual Report

52 50

53 ORIX Corporation Annual Report

54 52

55 ORIX Corporation Annual Report

56 54

57 ORIX Corporation Annual Report

58 , , ,271 87,336 60, , , % 7.7% 7.6% 8.8% 9.3% 5.5% 6.7% , , , , , ,135 2,677, % 4.0% 4.2% 4.5% 4.0% 4.8% 4.3% ,534 53,798 72,241 33,657 29, , , % 1.7% 2.3% 1.8% 1.7% 2.3% 2.1% ,613 63, ,549 27,328 73,269 32, , % 3.0% 3.0% 2.3% 2.3% 4.5% 3.0% ,330,147 1,330, % 1.8% , ,242 48,627 62,565 35, , % 1.1% 1.0% 1.6% 1.4% 1.4% 1.0% , , , , , ,587 2,194, % 1.5% 1.5% 2.5% 1.7% 1.8% 1.7% , , , , , ,029 2,267, % 1.5% 1.5% 1.6% 1.5% 1.9% 1.6% , ,017 88,536 17,280 1,543 29, , % 1.9% 2.3% 4.6% 1.9% 2.8% 2.7% % 2.2% 2.5% 3.9% 1.0% 1.9% 2.7% ,414 22,943 33,300 7,740 3,754 3,000 73, % 1.0% 1.2% 1.2% 1.3% 1.4% 1.2% % 1.0% 0.9% 0.9% 1.4% 2.1% 1.0% 56

59 ORIX Corporation Annual Report

60 P60P , , ,020 23, ,616 88,445 16, ,361 1,154,054 78, , ,020 23,521 15,747 7,389 16, , , , , ,869 81, , ,863 33,226 1,742 8,290 (87) 964, ,201 48,343 12, ,766 98,984 3, ,864 21, , , , , , , , , , ,918 = 22,733 = A 169,

61 ORIX Corporation Annual Report Step + 1 P58 2 2Step = 5 3Step + 6 = 7 4Step = = A , , , , , ,825 51,934 58,703 80, , , , , , , ,667 56,784 28,996 20,891 43, , , , , , ,382 23,019 34,786 33,913 60, , , , , , ,387 67,396 96, ,320 98, ,046 2,447 3,257 4,844 3,918 = 1,690 7,620 18,195 11,321 22,733 A 54,020 91, , , ,

62 (MD&A) ,696 (ROE) ,000 10,000 9,649 2,500 75,000 72,035 12,000 11,541 8,000 2,000 1,696 60,000 9,000 6,000 1,500 45,000 6,000 4,000 1,000 30,000 3,000 2, ,

63 ORIX Corporation Annual Report (%) ,124,960 1,154,054 29, , , , , ,201 (93,235) (33) , ,766 (66,583) (21) , ,597 (26,909) (14) (%) ,272 78,592 (11,680) (13) , ,743 39, , ,020 25, ,684 23,521 (47,163) (67) , ,616 (4,219) (3) ,178 88,445 1, ,958 16,756 (6,202) (27) 268, ,361 32, ,124,960 1,154,054 29, ,154, (%) , ,140 25, , ,278 23, , ,869 (2,696) (2) 73,999 81,056 7, , ,476 29, , ,863 17, ,805 33,226 19, ,027 1, ,592 8,290 2, (87) (554) , , , ,853 61

64 (MD&A) 33189, , , , , , , ,500 1, ,000 1,500 1, (%) ,258,404 1,098,128 (160,276) (13) ,490,326 3,766, , ,049 1,019, , ,581 1,121, , , ,295 45, ,638,466 7,203, , (89,508) (102,007) (12,499) 14 1,658,229 1,893, , ,207,187 8,994, , ,203,473 ROEROA 61,267, ,8231,081, ROEROA ,109 62

65 ORIX Corporation Annual Report 2008 ROE ROA 15,000 12,000 9,000 6,000 12, , (%) ,272 78,592 (11,680) (13) ,442 53,727 (8,715) (14) ,830 24,865 (2,965) (11) , ,987 (65,853) (9) , ,401 (122,462) (22) , ,586 56, , ,859 (61,864) (10) , ,377 (111,322) (22) , ,482 49, ,258,404 1,098,128 (160,276) (13) , ,139 (137,768) (14) , ,989 (22,508) (8) () 1378,592 62, ,727 27, , , ,098,128 63

66 (MD&A) ,200 10,000 16, ,000 6,000 4,000 2,000 5,749 1,845 3,904 12,000 8,000 4,000 10,981 2,690 8, (%) , ,075 (41,314) (24) , ,952 (19,367) (10) , ,675 (31,761) (22) , ,694 (40,229) (9) , ,732 (27,605) (10) ,258,404 1,098,128 (160,276) (13) , ,445() 4,2371, , ,034 1,548,0981,401,162 9(P121) ,149 22, % 2.06% % 0.73% ,545 25, % 2.32% 64

67 ORIX Corporation Annual Report (%) , ,743 39, , ,422 24, ,919 76,321 14, , , , , , , ,223 99,722 9, ,049 1,019, , , , , , ,467 (2,936) (2) 16290, , ,422 61, ,321 12,10515,217 65

68 (MD&A) 34465,909 1,019, ,000 2,907 3, ,000 2,144 1,000 6,000 4,659 4, ,000 3,662 1,500 12,000 10,200 9,000 1,695 8,505 6,000 3, (%) , ,298 42, ,463 67,871 6, , , , ,654 16,548 (3,106) (16) ,049 1,019, , , (%) , ,577 22, , ,629 20, ,344 34,948 2, ,226,282 2,331, , ,941,828 2,083, , , ,688 (36,766) (13) ,490,326 3,766, , ,145,424 3,407, , , ,742 13,

69 ORIX Corporation Annual Report , ,766, ,884 52,331,331 2,500 2,000 1,500 1,000 2, ,696 30,000 20,000 10,000 23,313 2,477 20,836 50,000 40,000 30,000 20,000 37,663 3,587 34, , (%) , ,911 34, , ,963 8, ,666 59,638 (33,028) (36) ,055,613 1,065,512 9, , , , ,302,595 1,318,621 16, ,923,541 2,163, , ,979,154 3,229, , , ,544 26, , , ,822 14,373 (449) (3) ,490,326 3,766, , () () 67

70 (MD&A) 25927, ,939 6, , ,0904,782 11,065,512 88,15059,161 3,1461, ,357152,208 3,644,6833,918,518 9(P121) 122,163,606 2 () , , , , ,189 38,081 4,94213,664 7,2224,633 8,722 2, ,878 20, ,749 37, ,785 80, , , ,412 12, ,765 14, , ,283 68

71 ORIX Corporation Annual Report ,656 15, % 0.43% % 0.30% ,774 38, % 1.07% ,177 9, ,376 5, ,656 15,

72 (MD&A) ,912 45, , , , , , , , , , , , , ,535 34, , , , ,920 87, , , , , , ,905 1,121,784 () (%) ,559 22,443 2, ,406 12,685 8, ,153 9,758 (5,395) (36) , , , , , , ,377 21,852 5, ,581 1,121, , ,078 1,021, , , ,247 (22,256) (18) 70

73 ORIX Corporation Annual Report ,000 6,000 4,000 6, ,663 12,000 9,000 6,000 11,218 1,002 10, ,000 3, , , ,121, , (%) ,912 34,535 (11,377) (25) , , , , ,472 22, ,581 1,121, , ,1527, ,51910, ,53546,707 9(P121) 8(P119) 71

74 (MD&A) (%) ,851 6,879 (972) (12) () ,833 16,642 (46,191) (74) ,684 23,521 (47,163) (67) 6723, ,493 61,706 2,8439,222 5 () (%) , ,527 (846) (1) ,462 8,089 (3,373) (29) , ,616 (4,219) (3) 3128,

75 ORIX Corporation Annual Report (%) , ,780 14, ,054 12,920 3, ,635 31,179 (16,456) (35) , ,879 1, , ,866 (31,848) (19) , ,745 (30,306) (6) (%) () ,208 1,342 (1,866) (58) 8,254 6,747 (1,507) (18) ,462 8,089 (3,373) (29) 21(p142) 1, ,500 1, , ,205 6,000 4,000 2, ,807 1,389 3, (%) ,178 88,445 1, ,1941, ,445 73

76 (MD&A) (%) ,958 16,756 (6,202) (27) 27 16,756 24(P143) 1, , (%) , ,361 32, , ,341 32, ,197 64,020 (177) (0) , ,480 (62,929) (29) , ,480 (61,635) (29) ,294 (1,294) , ,295 45, , ,628 46, ,619 4,667 (952) (17) 12300, , ,34164,020 PFI , ,295 74

77 ORIX Corporation Annual Report ,000 3,000 2,000 1, ,000 2,000 1,000 3, ,363 2,000 1,000 1,525 1,525 1,500 1, , , , (P89) , , ,476 1,500 1,200 1,

78 (MD&A) (%) , ,985 3, ,730 38,025 3, ,399 81,758 10, ,664 4, , ,863 17, ,000 2,659 2,000 1,

79 ORIX Corporation Annual Report (%) ,002 89,508 (7,494) (8) ,723 25,545 (5,178) (17) ,223 34,774 (449) (1) ,056 29,189 (1,867) (6) ,805 33,226 19, ,974 8,868 6, ,889 10,694 3, ,942 13,664 8, () (21,330) (18,568) 2,762 (13) (7,121) (8,085) (964) (6,987) (5,850) 1,137 (16) (7,222) (4,633) 2,589 (36) * (2,159) (2,190) (31) (847) (816) 2, (351) (1,173) (822) (139) (552) , ,007 12, ,545 25,481 (64) (0) ,774 38,445 3, ,189 38,081 8, ( ) 31 2,169 ( 1,742) 1, () 1,435,2341,148, , ,258 30(P152) 9 0 8, , (i)(P109) 77

80 (MD&A) ,343 11(P126) , ,32098,98427,336 15(P131) 6 Houlihan Lokey 19 3, , () , , ,

81 ORIX Corporation Annual Report (P152) ,827, , , (%) , ,139 7, , ,093 11, ,859 78,317 10, ,345 91,179 8, , ,096 32, , ,742 (3,318) (3) , ,343 (19,100) (13) , ,909 48, , ,739 (18,201) (15) , ,988 18, , , ,166,870 1,215,636 48, (41,910) (61,582) (19,672) (47) ,124,960 1,154,054 29,

82 (MD&A) (%) ,231 35,932 (22,299) (38) ,224 25,577 (2,647) (9) ,869 11, ,682 42,089 (2,593) (6) ,236 80,778 29, ,921 7,318 (2,603) (26) ,387 24,720 (35,667) (59) , ,072 (35,478) (13) ,315 16,198 (15,117) (48) ,763 45,391 7, ,078 61,589 (7,489) (11) , ,661 (42,967) (13) (16,279) (39,895) (23,616) (145) , ,766 (66,583) (21) (%) ,861,403 1,965, , , ,643 8, , ,171 8, ,517,927 1,932, , ,237 1,053, , , ,745 (30,306) (6) , ,318 (28,277) (4) ,197,639 6,827, , , ,976 (34,924) (7) , ,486 (26,550) (4) ,112,936 1,051,462 (61,474) (6) ,310,575 7,878, , ,612 1,116, , ,207,187 8,994, ,

83 ORIX Corporation Annual Report 2008 a. 6131,139 58, ,932 61,965,200 b. 8158, , ,643 28,224 c. 1578,317 10, , ,171 d. 1191,179 44, ,089 ( ) 271,932,874 81

84 82 (MD&A) e ,096 51, ,778 3,0983, ,053,364 f. 3128,742 9,921267, ,745 g ,343 60, , ,318

85 ORIX Corporation Annual Report 2008 a ,739 31, , ,976 b ,988 Korea Life Insurance Co.,Ltd.( ) 37, , ,

86 84 (MD&A) ,897655,549 2,432,1252,693, MTNR&I A+JCRAA A A3 (CP) R&Ia-1JCRJ-1+ 13(P129) 2 767, , , ,250 92,879125,691 92,87984,942

87 ORIX Corporation Annual Report CPMTN MTN MTN ,000683, , , SEC 25,000 MTN MTN MTN 80,819136,654 80,819 90,812 1, ORIX Leasing Malaysia Berhad , ,949 CP CPCP 260,529374,920 CPCP CP 671,494661,550 CPCP SEC F3500 (ADS) 85

88 (MD&A) F3 AA- A+ A JCR R&I Aa3 A1 A2 A- BBB+ S&P A3 Baa1 BBB Baa2 BBB- BB+ Moody's 04/3 04/9 05/3 05/9 06/3 06/9 08/3 Baa3 Ba ,163320,655 a (%) , , , , ,550 (9,944) (1) ,048 13, ,174,391 1,330, , ,330, b (%) ,432,125 2,693, , ,089,584 1,270, , , ,606 42, , , , ,863,057 4,462, , ,462, TIBORLIBOR 13(P129) 26(P145) 86

89 ORIX Corporation Annual Report 2008 c. ORIX Asia Limited 470, ,209 14(P131) 3(P114) 105,492320, , , , , ,966 13,072 29(P150) 5. (SPE) SPE SPE SPE ( ) SPE 140( ) SPE140SPE SPE 87

90 (MD&A) SPE ( ) SPE SPE SPE SPE SPE SPECP SPE SPE 9(P121) 1 SPE ( ) SPE 2 SPE SPE 46(200312)( )SPE SPE SPE SPE10(P124) ,475 50,900 72,624 34,559 19, , , ,647 92, , , , , , , (P150)

91 ORIX Corporation Annual Report , , ,869 97, ,462, ,504 1,983,469 1,367, , ,740 3,453 4,675 2,523 7, ,072 12, ,630 1,016 1, () ,176 51, ,553 18,823 29,254 73,151 2,414 56,243 11,494 3, ,332,639 1,025,895 2,405,298 1,498, ,969 1,330, ,872374,062486, (P134)26(P145) 13(P129) 14(P131)

92 90 (MD&A) 2 3 (ALM)

93 ORIX Corporation Annual Report a. c. a. M&A 91

94 92 (MD&A) b. c Form 20-F 20073Form 20-F 404 4

95 93 ORIX Corporation Annual Report ( (CP) ) CP 3 1 4

96 94 (MD&A) (REIT) ( )( )

97 95 ORIX Corporation Annual Report () MA MA MA ()

98 ( ) (MD&A) PFI20083 ( ) PFI ( )

99 ORIX Corporation Annual Report PFI 9 Houlihan Lokey Howard & Zukin 0 ( )

100 98 (MD&A) ( ) A B 1

101

102 ORIX Corporation Annual Report ,952, ,761, , , , ,775, (132,606) % ,274, , ,347, , , , , , , % % , ,076, , , , , , , ,101252,436 5,8411, , ,007112,

103 ,744,953 1,657,709 1,658,669 1,572,308 1,453,575 1,451,574 1,437,491 1,258,404 1,098,128 1,791,439 1,846,511 2,273,280 2,288,039 2,234,940 2,386,597 2,926,036 3,490,326 3,766, , , , , , , , ,049 1,019, , , , , , , , ,581 1,121,784 68,943 98, ,897 76,343 72,049 82,651 91, , ,295 4,761,292 4,995,724 5,513,673 5,143,169 4,849,194 5,129,098 5,858,277 6,638,466 7,203,473 (136,939) (141,077) (152,887) (133,146) (128,020) (115,250) (97,002) (89,508) (102,007) 3.9% 4.0% 3.9% 3.4% 3.5% 3.0% 2.2% 1.9% 2.1% 4,010,468 4,070,545 4,679,566 4,239,514 3,859,180 4,146,322 4,925,753 5,483,922 6,263, , , , , , , ,646 1,194,234 1,267,917 5,341,542 5,591,311 6,350,219 5,931,067 5,624,957 6,068,953 7,242,455 8,207,187 8,994, , , , , , , ,932 1,124,960 1,154, , ,020 87,973 68,942 56,825 51,934 58,703 80, ,140 88,381 98, , , , , , , ,863 50,679 56,473 71,163 47, , , , , ,766 29,668 32,480 38,980 26,151 52,330 83, , , ,864 30,642 34,157 40,269 30,243 54,020 91, , , , % 0.62% 0.67% 0.49% 0.93% 1.56% 2.50% 2.54% 1.97% 8.13% 7.70% 8.36% 6.00% 10.10% 14.17% 19.80% 18.30% 13.78% , , , , , , , , , , , , , , , , , ,073, ,396 1,083,070 1,000, , , , , , , , , , , , , , , , ,639 1,340,400 1,268,170 1,124,276 1,545,517 1,834,192 2,226,282 2,331, , , , , , , , , , , , , , , , , , ,148 70, , , , , , , , ,480 9,503 9,529 11,271 11,833 12,481 13,734 15,067 16,662 18,

104 ORIX Corporation Annual Report , ,655 $ 3, , ,883 1, ,258,404 1,098,128 10, ,490,326 3,766,310 37, (89,508) (102,007) (1,018) ,049 1,019,956 10, ,581 1,121,784 11, , ,295 1, , ,763 3, , ,286 2, , ,850 2, ,855 47, ,682 89, , ,366 4, ,207,187 8,994,970 $89,

105 ORIX Corporation Annual Report ,174,391 1,330,147 $13, , ,683 4, , ,346 3, , ,461 1, , ,379 4, ,678 65, , ,514 2, , ,872 1, ,863,057 4,462,187 44, ,973,788 7,685,767 76, ,165 41, ,000, ,518, ,193, , ,107 1, , ,159 1, ,220 2, ,823 1,081,219 10, ,253 (19,295) (193) , ,696, (3,219) (33,493) (334)... 1,194,234 1,267,917 12, ,207,187 8,994,970 $89,

106 ORIX Corporation Annual Report ,001 90,272 78,592 $ , , ,743 2, , , ,020 2, ,809 70,684 23, , , ,616 1, ,943 87,178 88, ,970 22,958 16, , , ,361 2, ,932 1,124,960 1,154,054 11, ,703 80, ,140 1, , , ,278 1, , , ,869 1, ,904 73,999 81, , , ,476 1, , , ,863 2, ,216 13,805 33, ,336 1,027 1, ,540 5,592 8, (96) 467 (87) (1) , , ,853 9, , , ,201 1, ,054 31,951 48, ,732 1,962 12, , , ,766 2, , ,320 98, , , ,782 1, ,257 4,844 3, , , ,864 1, ,459 17,710 36, (11,264) (6,962) (14,631) (146) ,195 10,748 21, , , ,664 1, , , ,597 $ 1, , , , $ , , , , , , , , ,

107 ORIX Corporation Annual Report ,100 88,458 98,755 $ ,829 2, ,529 8,038 2, ,458 98, ,107 1, , , ,402 1, ,831 2, ,528 6,250 1, ,515 2, , , , ,159 1, ,220 2,220 2, ,220 2,220 2, , , ,823 9, (3,496) (8,092) (11,863) (118) , , ,597 1, , , ,823 1,081,219 10, (1,873) 27,603 55, ,706 22,138 (36,708) (366) (7,727) (77) (5) , ,478 3,512 (31,182) (311) ,834 (2,236) 1, ,603 55,253 (19,295) (193) (7,653) (4,750) (3,219) (32) ,025 1, (30,749) (307) (122) (4,750) (3,219) (33,493) (334) , ,646 1,194,234 11, , ,588 73, ,646 1,194,234 1,267,917 $12, , , ,597 $ 1, ,476 23,409 (74,548) (744) , ,915 95,049 $

108 ORIX Corporation Annual Report , , ,597 $ 1, , , ,767 1, ,216 13,805 33, (47,172) (11,762) (5,567) (56) ,625 8,730 (10,466) (104) (7,139) (7,762) (3,481) (35) (32,054) (31,951) (48,343) (482) (2,732) (1,962) (12,222) (122) (573) (933) (9) ,257 4,844 3, (10,385) (49,262) (7,563) (75) (8,970) (22,958) (16,756) (167) (7,184) (12,105) (15,217) (152) ,336 1,027 1, ,540 5,592 8, (119,202) 51,299 (23,219) (232) (52,811) (23,721) (237) (9,091) 11,248 3, (56,596) (85,899) (19,606) (196) (2,316) (13,708) (403) (4) ,755 36,594 (4,591) (46) ,597 21,182 (6,289) (63) ,543 14,430 (34,151) (341) , , ,287 1, (1,136,538) (1,031,591) (1,088,237) (10,862) , , ,964 5, , , ,922 1, (1,834,192) (2,173,322) (2,267,527) (22,632) ,200,337 1,554,422 1,893,172 18, , , ,065 2, ,754 (6,000) (30,350) (303) ,500 7, ,383 1, (201,123) (254,044) (595,445) (5,943) , , ,095 1, ,706 39, ,084 1, (34,634) (76,710) (90,088) (899) ,142 73,316 46, (25,630) (50,238) (38,922) (388) ,452 7,668 1, (38,837) (19,270) (15,220) (152) ,664 3,019 3, ,212 (27,688) (25,463) (254) (799,357) (802,278) (838,331) (8,367) ,285 (111,360) (69,644) (695) ,102,054 2,230,830 2,777,541 27, (1,697,828) (1,655,581) (1,920,865) (19,172) ,628 93,175 24, ,975 4,516 1, (3,496) (8,092) (11,863) (118) ,000 (10,000) 21, (30,749) (307) ,910 1, , , ,966 7, , (5,430) (55) ,476 (30,693) 105,492 1, , , ,163 2, , , ,655 $ 3,200

109 ORIX Corporation Annual Report

110

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116 ,812 88, ,941 $1, ,920 94, ,751 1,

117 ,350,622 1,186,581 $11,844 55,983 57, ,295 11, (161,496) (157,049) (1,568) ,258,404 1,098,128 $10, ,705 $ 4, ,384 2, ,852 1, ,531 1, , ,919 1, ,186,581 $11, , ,988 $ 5, , ,835 1, , ,169 5, ,180,341 1,353,992 13, (337,946) (350,584) (3,499) ,395 1,003,408 10, ,654 16, ,049 1,019,956 $10,

118 , , ,523 $1, ,241 42,034 47, , , ,278 $1, ,378 $1, , , , , , ,674 $3, , ,911 $ 6, , ,963 3, ,666 59, ,055,613 1,065,512 10, , ,985 8, ,302,595 1,318,621 13, ,923,541 2,163,606 21, ,979,154 3,229,118 32, , ,544 3, , ,275 1, ,822 14, ,490,326 3,766,310 $37,

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