P60 P107 3 1 3 2 3 12008 3 2 5 1 2008 3 78,592 290,743 227,020 23,521 128,616 88,445 16,756 300,361 1,154,054 78,592 105,465 227,020 23,521 15,747 7,389 16,756 129,885 1 604,375 106,140 185,278 112,869 81,056 170,476 265,863 33,226 1,742 8,290 (87) 964,853 189,201 48,343 12,222 249,766 98,984 3,918 146,864 21,800 168,664 933 169,597 2 106,140 1 1 1 1 3 265,863 4 43,171 4 4 4 5 189,201 6 60,565 6 7 249,766 8 98,984 9 3,918 = 22,733 = A 169,597 144 58
ORIX Corporation Annual Report 2008 4 1Step + 1 P58 2 2Step -- 3 4 = 5 3Step + 6 = 7 4Step -- 8 9 + = = A 2 5 2004 2005 2006 2007 2008 1 363,905 406,193 481,889 632,785 604,375 2 56,825 51,934 58,703 80,871 106,140 3 153,032 166,775 181,279 248,587 265,863 4 66,667 56,784 28,996 20,891 43,171 5 87,381 130,700 212,911 282,436 189,201 6 17,382 23,019 34,786 33,913 60,565 7 104,763 153,719 247,697 316,349 249,766 8 51,387 67,396 96,247 126,320 98,984 9 1,046 2,447 3,257 4,844 3,918 = 1,690 7,620 18,195 11,321 22,733 A 54,020 91,496 166,388 196,506 169,597 2008 3 59
(MD&A) 1. 14 2007 14 1,696 (ROE) 13.8 14.1 15,000 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 2,000 500 15,000 0 04 05 06 07 08 0 04 05 06 07 08 0 04 05 06 07 08 0 04 05 06 07 08 60
ORIX Corporation Annual Report 2008 2. 2007 3 2008 3 (%)...................................... 1,124,960 1,154,054 29,094 3...................................... 842,524 964,853 122,329 15...................................... 282,436 189,201 (93,235) (33)............................... 316,349 249,766 (66,583) (21)..................................... 196,506 169,597 (26,909) (14) 2007 3 2008 3 (%).......................... 90,272 78,592 (11,680) (13)...................... 251,482 290,743 39,261 16........................ 201,531 227,020 25,489 13 70,684 23,521 (47,163) (67)....................... 132,835 128,616 (4,219) (3)................................. 87,178 88,445 1,267 1............................... 22,958 16,756 (6,202) (27) 268,020 300,361 32,341 12........................................ 1,124,960 1,154,054 29,094 3 31,154,054 2007 3 2008 3 (%)...................................... 80,871 106,140 25,269 31..................... 162,014 185,278 23,264 14................................... 115,565 112,869 (2,696) (2) 73,999 81,056 7,057 10............................... 140,597 170,476 29,879 21.......................... 248,587 265,863 17,276 7............................... 13,805 33,226 19,421 141 1,027 1,742 715 70 5,592 8,290 2,698 48 467 (87) (554)........................................ 842,524 964,853 122,329 15 15964,853 61
(MD&A) 33189,201 21 14169,597 1 1 1,860.63 1,817.81 2,177.10 2,100.93 249,766 1 2,500 1,817.81 2,000 1,500 1,000 500 0 04 05 06 07 08 2007 3 2008 3 (%)...................... 1,258,404 1,098,128 (160,276) (13).................................. 3,490,326 3,766,310 275,984 8.................. 862,049 1,019,956 157,907 18................................ 875,581 1,121,784 246,203 28 152,106 197,295 45,189 30................................. 6,638,466 7,203,473 565,007 9.................................. (89,508) (102,007) (12,499) 14 1,658,229 1,893,504 235,275 14..................................... 8,207,187 8,994,970 787,783 10 9 7,203,473 ROEROA 61,267,917 921,8231,081,219 1014.55 14.10 ROE ROA 18.3013.78 2.541.97 19,109 62
ORIX Corporation Annual Report 2008 ROE ROA 15,000 12,000 9,000 6,000 12,679 20 15 10 14.10 25 20 15 10 13.78 4 3 2 1.97 3,000 5 5 1 0 04 05 06 07 08 0 04 05 06 07 08 0 04 05 06 07 08 0 04 05 06 07 08 1 1 2007 3 2008 3 (%)....................... 90,272 78,592 (11,680) (13).................................... 62,442 53,727 (8,715) (14).................................... 27,830 24,865 (2,965) (11)............................. 720,840 654,987 (65,853) (9).................................... 566,863 444,401 (122,462) (22).................................... 153,977 210,586 56,609 37............................. 636,723 574,859 (61,864) (10).................................... 501,699 390,377 (111,322) (22).................................... 135,024 184,482 49,458 37.................... 1,258,404 1,098,128 (160,276) (13).................................... 966,907 829,139 (137,768) (14).................................... 291,497 268,989 (22,508) (8) () 1378,592 62,442 1453,727 27,830 1124,865 5.12 5.05 9.438.65 10574,859 22 37 13 1,098,128 63
(MD&A) 14 8 3 7624 6 5 5 1,200 10,000 16,000 900 600 300 786 249 537 8,000 6,000 4,000 2,000 5,749 1,845 3,904 12,000 8,000 4,000 10,981 2,690 8,291 0 0 0 04 05 06 07 08 04 05 06 07 08 04 05 06 07 08 2007 3 2008 3 (%)....................... 171,389 130,075 (41,314) (24)............................... 189,319 169,952 (19,367) (10).................... 147,436 115,675 (31,761) (22).................................. 465,923 425,694 (40,229) (9).................................... 284,337 256,732 (27,605) (10).................................... 1,258,404 1,098,128 (160,276) (13) 24 10 22 9 10 167,567 116,445 () 4,237 1,688 289,694 303,034 1,548,098 1,401,162 9(P121) 90 2007 3 2008 3 90...................................................... 21,149 22,637 90....................... 1.68% 2.06%........................... 0.14% 0.73%........................................................ 25,545 25,481........................... 2.03% 2.32% 64
ORIX Corporation Annual Report 2008 90 2 0.2 90 2.06 1 0.520.66 2 2007 3 2008 3 (%)..................... 251,482 290,743 39,261 16..................................... 189,563 214,422 24,859 13..................................... 61,919 76,321 14,402 23.................................. 348,561 465,909 117,348 34..................................... 258,338 366,187 107,849 42..................................... 90,223 99,722 9,499 11.................................... 862,049 1,019,956 157,907 18..................................... 689,646 850,489 160,843 23..................................... 172,403 169,467 (2,936) (2) 16290,743 189,563 13214,422 61,919 2376,321 12,105 15,217 65
(MD&A) 34465,909 1,019,956 23 2 18 4,000 2,907 3,000 763 2,000 2,144 1,000 6,000 4,659 4,500 997 3,000 3,662 1,500 12,000 10,200 9,000 1,695 8,505 6,000 3,000 0 0 0 04 05 06 07 08 04 05 06 07 08 04 05 06 07 08 2007 3 2008 3 (%).................................... 340,850 383,298 42,448 12.................... 61,463 67,871 6,408 10.................................. 440,082 552,239 112,157 25............................. 19,654 16,548 (3,106) (16).................................... 862,049 1,019,956 157,907 18 12383,298 10 25 3 2007 3 2008 3 (%).................................. 181,972 204,577 22,605 12..................................... 149,628 169,629 20,001 13..................................... 32,344 34,948 2,604 8.......................... 2,226,282 2,331,331 105,049 5..................................... 1,941,828 2,083,643 141,815 7..................................... 284,454 247,688 (36,766) (13)............................... 3,490,326 3,766,310 275,984 8..................................... 3,145,424 3,407,568 262,144 8..................................... 344,902 358,742 13,840 4 66
ORIX Corporation Annual Report 2008 12204,577 13 8 4.71 4.69 10.50 9.49 83,766,310 8 4 90 8 4121,884 52,331,331 2,500 2,000 1,500 1,000 2,046 349 1,696 30,000 20,000 10,000 23,313 2,477 20,836 50,000 40,000 30,000 20,000 37,663 3,587 34,076 500 10,000 0 0 0 04 05 06 07 08 04 05 06 07 08 04 05 06 07 08 2007 3 2008 3 (%)........................... 627,659 661,911 34,252 5.......................... 335,288 343,963 8,675 3.............................. 92,666 59,638 (33,028) (36)................................ 1,055,613 1,065,512 9,899 1............................. 620,946 844,985 224,039 36.................... 1,302,595 1,318,621 16,026 1................................ 1,923,541 2,163,606 240,065 12........................... 2,979,154 3,229,118 249,964 8........................... 304,391 330,544 26,153 9................................. 191,959 192,275 316 0............................... 14,822 14,373 (449) (3).............................. 3,490,326 3,766,310 275,984 8 03-3( ) ( ) 67
(MD&A) 25 927,678 141,939 6,574 7 256,494 1 30,090 4,782 11,065,512 88,150 59,161 3,146 1,155 154,357 152,208 3,644,683 3,918,518 9(P121) 122,163,606 2 ( ) 2007 3 2008 3.......................................................... 100,589 165,283....................................................... 67,934 108,921...................................................... 29,189 38,081 4,942 13,664 7,222 4,633 8,722 2,589 2007 3 2008 3.......................................................... 17,878 20,595......................................................... 12,749 37,658................................................ 48,785 80,356............................................................. 61,534 118,014........................................................ 6,412 12,080............................................................. 14,765 14,594......................................................... 100,589 165,283 68
ORIX Corporation Annual Report 2008 1 90 2007 3 2008 3 90........................................ 12,656 15,333 90....................... 0.37% 0.43%..................................... 0.22% 0.30%.............................. 34,774 38,445......................... 1.03% 1.07% 9021 90 90 2007 3 2008 3................................................................................................................. 10,177 9,425.............................................. 2,376 5,861................................................... 103 47............................................................. 12,656 15,333 90 0.220.16 69
(MD&A) 30 2007 3........................................ 45,912 45,912............................................... 283,648 243,857 527,505............................................... 9,054 113,338 122,392........................................ 47,635 132,137 179,772................................................. 340,337 535,244 875,581 2008 3........................................ 34,535 34,535............................................... 297,780 486,621 784,401............................................... 12,920 87,456 100,376........................................ 31,179 171,293 202,472................................................. 341,879 779,905 1,121,784 () 2007 3 2008 3 (%)............................... 19,559 22,443 2,884 15.................................... 4,406 12,685 8,279 188.................................... 15,153 9,758 (5,395) (36)...................... 331,055 688,148 357,093 108.................................... 314,678 666,296 351,618 112.................................... 16,377 21,852 5,475 33........................... 875,581 1,121,784 246,203 28.................................... 753,078 1,021,537 268,459 36.................................... 122,503 100,247 (22,256) (18) 70
ORIX Corporation Annual Report 2008 250 200 150 100 224 98 127 8,000 6,000 4,000 6,881 219 6,663 12,000 9,000 6,000 11,218 1,002 10,215 50 2,000 3,000 0 0 0 04 05 06 07 08 04 05 06 07 08 04 05 06 07 08 188 12,685 369,758 2.43 2.87 9.66 9.76 112 33 281,121,784 36 18 108688,148 2007 3 2008 3 (%)......................... 45,912 34,535 (11,377) (25)............................. 649,897 884,777 234,880 36........................... 179,772 202,472 22,700 13................................. 875,581 1,121,784 246,203 28 25 36 41,152 7,835 13 12,519 10,851 379 638 41,535 46,707 9(P121) 8(P119) 71
(MD&A) 4 2007 3 2008 3 (%)........................ 7,851 6,879 (972) (12) ( )......................... 62,833 16,642 (46,191) (74)................................. 70,684 23,521 (47,163) (67) 6723,521 12 74 97,493 61,706 2,843 9,222 5 ( ) 2007 3 2008 3 (%)............................. 121,373 120,527 (846) (1)................... 11,462 8,089 (3,373) (29).................................... 132,835 128,616 (4,219) (3) 3128,616 29 1 72
ORIX Corporation Annual Report 2008 2007 3 2008 3 (%)................................ 283,648 297,780 14,132 5................................ 9,054 12,920 3,866 43 47,635 31,179 (16,456) (35).............................. 340,337 341,879 1,542 0 170,714 138,866 (31,848) (19)........................................ 511,051 480,745 (30,306) (6) 19 2007 3 2008 3 (%) ( )........................ 3,208 1,342 (1,866) (58) 8,254 6,747 (1,507) (18)........................................ 11,462 8,089 (3,373) (29) 21(p142) 1,000 800 600 400 200 0 235 166 69 04 05 06 07 08 1,500 1,286 81 1,000 500 0 04 05 06 07 08 1,205 6,000 4,000 2,000 0 04 05 06 07 08 4,807 1,389 3,419 6 2007 3 2008 3 (%)............................... 87,178 88,445 1,267 1 2,1941,931 1 88,445 73
(MD&A) 7 2007 3 2008 3 (%)............................. 22,958 16,756 (6,202) (27) 27 16,756 24(P143) 1,500 300 1,000 884 200 168 500 100 0 04 05 06 07 08 0 04 05 06 07 08 8 2007 3 2008 3 (%)............................. 268,020 300,361 32,341 12..................................... 203,823 236,341 32,518 16..................................... 64,197 64,020 (177) (0)...................... 215,409 152,480 (62,929) (29)..................................... 214,115 152,480 (61,635) (29)..................................... 1,294 (1,294)........................... 152,106 197,295 45,189 30..................................... 146,487 192,628 46,141 31..................................... 5,619 4,667 (952) (17) 12300,361 203,823 16 236,34164,020 PFI 29 152,480 30197,295 74
ORIX Corporation Annual Report 2008 4,000 3,000 2,000 1,973 47 3,000 2,000 1,000 3,004 640 2,363 2,000 1,000 1,525 1,525 1,500 1,000 500 1,926 0 0 0 04 05 06 07 08 04 05 06 07 08 04 05 06 07 08 2 1 3 31 106,140 50 2 112,869 1312 6 1.09 1.33 5.66 5.41 6 (P89) 4 10 81,056 15 8 2 14185,278 5 21170,476 1,500 1,200 1,061 900 600 300 0 04 05 06 07 08 75
(MD&A) 6 2007 3 2008 3 (%)..................................... 138,794 141,985 3,191 2................................... 34,730 38,025 3,295 9..................................... 71,399 81,758 10,359 15................................ 3,664 4,095 431 12................................... 248,587 265,863 17,276 7 7 3,000 2,659 2,000 1,000 0 04 05 06 07 08 7 141 349 55 176 500 400 300 332 200 100 0 04 05 06 07 08 76
ORIX Corporation Annual Report 2008 2007 3 2008 3 (%).................................. 97,002 89,508 (7,494) (8)........................ 30,723 25,545 (5,178) (17)...................... 35,223 34,774 (449) (1)........................ 31,056 29,189 (1,867) (6).................................... 13,805 33,226 19,421 141........................ 1,974 8,868 6,894 349...................... 6,889 10,694 3,805 55........................ 4,942 13,664 8,722 176 ( )............................... (21,330) (18,568) 2,762 (13)........................ (7,121) (8,085) (964) 14...................... (6,987) (5,850) 1,137 (16)........................ (7,222) (4,633) 2,589 (36) *................................... 31 (2,159) (2,190)........................ (31) (847) (816) 2,632...................... (351) (1,173) (822) 234........................ 413 (139) (552).................................. 89,508 102,007 12,499 14........................ 25,545 25,481 (64) (0)...................... 34,774 38,445 3,671 11........................ 29,189 38,081 8,892 30 8 144 ( ) 31 2,169 ( 1,742) 1,555 144 144 () 1,435,234 1,148,027 197,810 712,258 30(P152) 9 0 8,290 87 5,592 48 1(i)(P109) 77
(MD&A) 200 150 100 100 80 60 40 83 50 22 20 0 04 05 06 07 08 0 04 05 06 07 08 3 5148,343 11(P126) 4 6 12,222 5 126,32098,98427,336 15(P131) 6 Houlihan Lokey 19 3,918 7 144 144 10321,800 8 141 ( ) 1 933 500 483 200 2,000 375 150 122 1,500 250 100 50 1,000 990 125 0 500 0 04 05 06 07 08-100 04 05 06 07 08 0 04 05 06 07 08 78
ORIX Corporation Annual Report 2008 3. 30(P152) 79 79 876,827,315 21 21 6452,9767598,486 2007 3 2008 3 (%)........................ 123,328 131,139 7,811 6................................ 146,966 158,093 11,127 8............................... 67,859 78,317 10,458 15................... 82,345 91,179 8,834 11................................ 245,336 278,096 32,760 13............................... 132,060 128,742 (3,318) (3)............................... 145,443 126,343 (19,100) (13)..................................... 943,337 991,909 48,572 5..................................................................... 119,940 101,739 (18,201) (15)......................... 103,593 121,988 18,395 18..................................... 223,533 223,727 194 0......................... 1,166,870 1,215,636 48,766 4......................... (41,910) (61,582) (19,672) (47)..................... 1,124,960 1,154,054 29,094 3 79
(MD&A) 2007 3 2008 3 (%)........................ 58,231 35,932 (22,299) (38)................................ 28,224 25,577 (2,647) (9)............................... 10,869 11,658 789 7................... 44,682 42,089 (2,593) (6)................................ 51,236 80,778 29,542 58............................... 9,921 7,318 (2,603) (26)............................... 60,387 24,720 (35,667) (59)..................................... 263,550 228,072 (35,478) (13)..................................................................... 31,315 16,198 (15,117) (48)......................... 37,763 45,391 7,628 20..................................... 69,078 61,589 (7,489) (11)......................... 332,628 289,661 (42,967) (13)......................... (16,279) (39,895) (23,616) (145).............. 316,349 249,766 (66,583) (21) 2007 3 2008 3 (%)........................ 1,861,403 1,965,200 103,797 6................................ 510,805 519,643 8,838 2............................... 121,621 130,171 8,550 7................... 1,517,927 1,932,874 414,947 27................................ 901,237 1,053,364 152,127 17............................... 511,051 480,745 (30,306) (6)............................... 773,595 745,318 (28,277) (4)..................................... 6,197,639 6,827,315 629,676 10..................................................................... 487,900 452,976 (34,924) (7)......................... 625,036 598,486 (26,550) (4)..................................... 1,112,936 1,051,462 (61,474) (6)......................... 7,310,575 7,878,777 568,202 8......................... 896,612 1,116,193 219,581 24...................... 8,207,187 8,994,970 787,783 10 80
ORIX Corporation Annual Report 2008 a. 6131,139 58,231 3835,932 61,965,200 b. 8158,093 925,577 2519,643 28,224 c. 1578,317 10,869 711,658 7130,171 d. 1191,179 44,682 6 42,089 ( ) 271,932,874 81
82 (MD&A) e. 13 278,096 51,236 5880,778 3,098 3,710 171,053,364 f. 3128,742 9,921 267,318 6480,745 g. 13126,343 60,387 5924,720 4745,318
ORIX Corporation Annual Report 2008 a. 15101,739 31,315 4816,198 7452,976 b. 18 121,988 Korea Life Insurance Co.,Ltd.( ) 37,763 20 45,391 4598,486 4. 4647 77 52 48 51 49 88 89 85 87 83
84 (MD&A) 1 230 502,897 655,549 2,432,125 2,693,233 2008 6 27 MTNR&I A+JCRAA A A3 (CP) R&Ia-1 JCRJ-1+ 13(P129) 2 767,004 689,698 673,978 480,250 92,879 125,691 92,879 84,942
ORIX Corporation Annual Report 2008 3 CP MTN MTN MTN 2008 3 31 568,000 683,000 350,000 435,000 2006 11 SEC 2 5,000 MTN MTN MTN 80,819 136,654 80,819 90,812 1,0002011 11 ORIX Leasing Malaysia Berhad 2006 1 1502009 12007 10 2002010 10 485,586 501,949 CP CP CP 260,529 374,920 CPCP CP 671,494 661,550 CP CP 72 70 1998 9 2003 10 SEC F3500 (ADS) 85
(MD&A) 2006 11 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 Ba1 4 215,163 320,655 a. 2007 3 2008 3 (%)........................... 502,897 655,549 152,652 30........................ 671,494 661,550 (9,944) (1)...................... 13,048 13,048.................................... 1,174,391 1,330,147 155,756 13 1,330,147 23 49 b. 2007 3 2008 3 (%)........................... 2,432,125 2,693,233 261,108 11..................................... 1,089,584 1,270,428 180,844 17.................... 80,819 123,606 42,787 53.............. 260,529 374,920 114,391 44.................................... 3,863,057 4,462,187 599,130 16 4,462,187 77 60 49 TIBORLIBOR 13(P129) 26(P145) 86
ORIX Corporation Annual Report 2008 c. ORIX Asia Limited 470,683 5 24,209 14(P131) 3(P114) 105,492 320,655 156,287 802,278 838,331 545,014 792,966 13,072 29(P150) 5. (SPE) SPE SPE SPE ( ) SPE 140 ( ) SPE 140SPE SPE 87
(MD&A) SPE ( ) SPE SPE SPE SPE SPE SPE CP SPE SPE 9(P121) 1 SPE ( ) SPE 2 SPE SPE 46 (2003 12)( ) SPE SPE SPE SPE 10(P124) 1 13 35 5..................... 177,475 50,900 72,624 34,559 19,392 789,543 218,464 135,647 92,478 342,954.......................... 967,018 269,364 208,271 127,037 362,346 88 29(P150)
ORIX Corporation Annual Report 2008 1 13 35 5....................... 470,683 206,992 165,869 97,812 10.................. 4,462,187 747,504 1,983,469 1,367,598 363,616... 17,740 3,453 4,675 2,523 7,089.......... 13,072 12,970 102... 2,630 1,016 1,387 227 ( )........... 293,176 51,546 193,553 18,823 29,254 73,151 2,414 56,243 11,494 3,000.......................... 5,332,639 1,025,895 2,405,298 1,498,477 402,969 1,330,147 163,872 374,062 486,379 110 16(P134)26(P145) 13(P129) 14(P131) 6. 2008 6 27 1 89
90 (MD&A) 2 3 (ALM)
ORIX Corporation Annual Report 2008 4 5 1 a. c. a. M&A 91
92 (MD&A) b. c. 2 3 2002 404 Form 20-F 2007 3Form 20-F 404 4
93 ORIX Corporation Annual Report 2008 2 ( (CP) ) CP 3 1 4
94 (MD&A) 5 6 1 (REIT) (2003 2 15 )( )
95 ORIX Corporation Annual Report 2008 2 ( ) M A M A M A ( )
96 3 2 4 ( ) 2005 2005 5 6 (MD&A) 7 2006 6 PFI 2008 3 ( ) PFI ( )
ORIX Corporation Annual Report 2008 8 PFI 9 Houlihan Lokey Howard & Zukin 0 ( ) 1998 1998 97
98 (MD&A) 2 5 3 ( ) A B 1
100 10 102 104 105 106 107 107 01 114 02 114 03 115 04 115 05 116 06 118 07 119 08 121 09 124 10 126 11 127 12 129 13 131 14 131 15 134 16 137 17 139 18 141 19 141 20 142 21 142 22 143 23 143 24 144 25 1 145 26 146 27 147 28 150 29 152 30 156 157 99
ORIX Corporation Annual Report 2008 10...................................................................... 1,952,842.................................................................................. 1,761,887................................................................... 411,156................................................................................. 576,206............................................................................... 73,345............................................................................. 4,775,436.................................................................................. (132,606)................................ 3.6%........................................................................ 4,274,280.................................................................................... 327,843...................................................................................... 5,347,636.................................................................................... 639,274.................................................................................... 140,827........................................................................ 82,304............................................................................. 27,294............................................................................ 25,664.................................................................................. 25,621..................................................................... 0.47%................................................................... 7.99% 1......................................................................... 330.43....................................................................... 330.43.................................................................................. 4,232.02.................................................................. 1,076,387.................................................................. 913,221................................................................................. 706,758................................................................................. 92,272................................................................................. 302,035................................................................................. 39,733................................................................................ 9,037 1999 1. 2002 3 248,101 252,436 5,841 1,042 132,1272003 3 112,007 112,605 2. 2001 3 2000 5 191 1.2 1 3. 144 100
3 31 2000 2001 2002 2003 2004 2005 2006 2007 2008 1,744,953 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 3,766,310 397,576 451,171 474,491 529,044 536,702 619,005 720,096 862,049 1,019,956 758,381 942,158 861,336 677,435 551,928 589,271 682,798 875,581 1,121,784 68,943 98,175 245,897 76,343 72,049 82,651 91,856 152,106 197,295 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 6,263,017 425,671 461,323 502,508 505,458 564,047 727,333 953,646 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 8,994,970 651,425 617,758 705,048 732,999 760,601 908,872 913,932 1,124,960 1,154,054 114,828 109,020 87,973 68,942 56,825 51,934 58,703 80,871 106,140 88,381 98,219 121,946 138,077 153,032 166,775 181,279 248,587 265,863 50,679 56,473 71,163 47,237 104,763 153,719 247,697 316,349 249,766 29,668 32,480 38,980 26,151 52,330 83,876 148,193 185,185 146,864 30,642 34,157 40,269 30,243 54,020 91,496 166,388 196,506 169,597 0.57% 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% 385.27 417.77 489.19 361.44 645.52 1,087.82 1,883.89 2,177.10 1,860.63 377.02 400.99 467.11 340.95 601.46 1,002.18 1,790.30 2,100.93 1,817.81 5,199.12 5,646.11 6,007.52 6,039.43 6,739.64 8,322.96 10,608.97 13,089.83 14,010.62 1,073,074 842,396 1,083,070 1,000,896 801,787 863,137 888,912 720,840 654,987 905,898 723,330 980,379 895,848 713,240 767,672 800,802 636,723 574,859 807,477 740,639 1,340,400 1,268,170 1,124,276 1,545,517 1,834,192 2,226,282 2,331,331 101,020 143,158 146,203 173,567 189,737 248,327 317,645 348,561 465,909 333,249 397,218 348,347 231,294 122,066 244,600 235,932 331,055 688,148 70,443 128,984 204,121 116,736 186,265 129,604 132,017 215,409 152,480 9,503 9,529 11,271 11,833 12,481 13,734 15,067 16,662 18,702 101
ORIX Corporation Annual Report 2008 2007 2008 3 31 2007 2008 2008............................................... 215,163 320,655 $ 3,200.................................................... 121,569 143,883 1,436......................................................... 913 511 5............................................ 1,258,404 1,098,128 10,961........................................................ 3,490,326 3,766,310 37,592........................................................ (89,508) (102,007) (1,018)........................................ 862,049 1,019,956 10,180...................................................... 875,581 1,121,784 11,197.................................................... 152,106 197,295 1,969...................................................... 367,762 327,763 3,271.................................................... 212,324 284,286 2,837......................................................... 216,150 232,850 2,324......................................................... 54,855 47,657 476......................................................... 90,682 89,533 894........................................................ 378,811 446,366 4,455........................................................... 8,207,187 8,994,970 $89,779 102
ORIX Corporation Annual Report 2008 2007 2008 2008...................................................... 1,174,391 1,330,147 $13,276............................................................. 446,474 470,683 4,698............................................. 381,110 392,346 3,916......................................................... 122,202 112,461 1,122...................................................... 491,946 486,379 4,855......................................................... 75,678 65,178 651......................................................... 244,734 202,514 2,021........................................................ 174,196 163,872 1,636......................................................... 3,863,057 4,462,187 44,537.............................................................. 6,973,788 7,685,767 76,712...................................................... 39,165 41,286 412 259,000,000 2007 3 31 91,518,194 2008 3 31 92,193,067............... 98,755 102,107 1,019...................................................... 119,402 135,159 1,349.................................................... 2,220 2,220 22............................................. 921,823 1,081,219 10,792..................................... 55,253 (19,295) (193) 2007 3 31 284,484 2008 3 311,696,204................................ (3,219) (33,493) (334)... 1,194,234 1,267,917 12,655... 8,207,187 8,994,970 $89,779 103
ORIX Corporation Annual Report 2008 2006 2007 2008 3 31 2006 2007 2008 2008............................. 96,001 90,272 78,592 $ 784.......................... 205,949 251,482 290,743 2,902............................. 159,727 201,531 227,020 2,266...................... 48,809 70,684 23,521 235............................ 138,118 132,835 128,616 1,284...................................... 74,943 87,178 88,445 883.................................... 8,970 22,958 16,756 167.................................... 181,415 268,020 300,361 2,998...................................... 913,932 1,124,960 1,154,054 11,519........................................... 58,703 80,871 106,140 1,059.......................... 131,973 162,014 185,278 1,849........................................ 117,622 115,565 112,869 1,126...................................... 65,904 73,999 81,056 809.................................... 116,544 140,597 170,476 1,702............................... 181,279 248,587 265,863 2,654.................................... 16,216 13,805 33,226 332.................................... 8,336 1,027 1,742 17...................................... 4,540 5,592 8,290 83....................................... (96) 467 (87) (1)...................................... 701,021 842,524 964,853 9,630............................................. 212,911 282,436 189,201 1,889........................................ 32,054 31,951 48,343 482................... 2,732 1,962 12,222 122...................................... 247,697 316,349 249,766 2,493............................................. 96,247 126,320 98,984 988............................... 151,450 190,029 150,782 1,505.......................................... 3,257 4,844 3,918 39.................................... 148,193 185,185 146,864 1,466................................. 29,459 17,710 36,431 364........................................... (11,264) (6,962) (14,631) (146).................... 18,195 10,748 21,800 218................................. 166,388 195,933 168,664 1,684......... 573 933 9........................................... 166,388 196,506 169,597 $ 1,693................................. 1,677.88 2,051.67 1,611.23 $16.08............................... 206.01 119.08 239.16 2.39...................................... 6.35 10.24 0.10........................................ 1,883.89 2,177.10 1,860.63 18.57................................. 1,596.31 1,980.93 1,575.91 15.73............................... 193.99 113.93 231.97 2.31...................................... 6.07 9.93 0.10........................................ 1,790.30 2,100.93 1,817.81 18.14........................................... 40.00 90.00 130.00 1.30 104
ORIX Corporation Annual Report 2008 2006 2007 2008 3 31 2006 2007 2008 2008........................................... 73,100 88,458 98,755 $ 986............ 2,829 2,259 991 10..................... 12,529 8,038 2,361 23........................................... 88,458 98,755 102,107 1,019........................................... 91,045 106,729 119,402 1,192............................... 2,831 2,257 986 10..................... 12,528 6,250 1,848 18.......................... 3,515 2,150 21................................. 10,215 102.................................. 325 651 558 6........................................... 106,729 119,402 135,159 1,349............................................. 2,220 2,220 2,220 22............................................. 2,220 2,220 2,220 22........................................... 570,494 733,386 921,823 9,201......................................... (3,496) (8,092) (11,863) (118)......................................... 166,388 196,506 169,597 1,693................... 1,641 16.................................. 23 21 0........................................... 733,386 921,823 1,081,219 10,792........................................... (1,873) 27,603 55,253 551........................... 10,706 22,138 (36,708) (366).............................. (7,727) (77)............................ 458 (5) 158........................ 4,241.............................. 13,478 3,512 (31,182) (311)....................... 4,834 (2,236) 1,069 10........................................... 27,603 55,253 (19,295) (193)........................................... (7,653) (4,750) (3,219) (32)........................... 3,025 1,518 190 2........................... (30,749) (307).................................. (122) 13 285 3........................................... (4,750) (3,219) (33,493) (334)............................................. 727,333 953,646 1,194,234 11,920................................... 226,313 240,588 73,683 735............................................. 953,646 1,194,234 1,267,917 $12,655........................................... 166,388 196,506 169,597 $ 1,693.............................. 29,476 23,409 (74,548) (744)........................................... 195,864 219,915 95,049 $ 949 105
ORIX Corporation Annual Report 2008 2006 2007 2008 3 31 106 2006 2007 2008 2008.................................................. 166,388 196,506 169,597 $ 1,693................................... 133,587 151,624 168,767 1,684.......................................... 16,216 13,805 33,226 332......................................... (47,172) (11,762) (5,567) (56)........................................ 29,625 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).............................................. 3,257 4,844 3,918 39................................... (10,385) (49,262) (7,563) (75).......................................... (8,970) (22,958) (16,756) (167).......... (7,184) (12,105) (15,217) (152).......................................... 8,336 1,027 1,742 17............................................ 4,540 5,592 8,290 83................................. (119,202) 51,299 (23,219) (232)................................. (52,811) (23,721) (237)........................... (9,091) 11,248 3,275 33............................................ (56,596) (85,899) (19,606) (196)............................................ (2,316) (13,708) (403) (4)...................................... 2,755 36,594 (4,591) (46).................................... 48,597 21,182 (6,289) (63)........................................ 25,543 14,430 (34,151) (341)............................... 136,003 226,128 156,287 1,560............................................ (1,136,538) (1,031,591) (1,088,237) (10,862)................................ 670,781 610,780 546,964 5,459........ 194,806 275,998 174,922 1,746..................................... (1,834,192) (2,173,322) (2,267,527) (22,632)......................................... 1,200,337 1,554,422 1,893,172 18,896............................ 130,992 158,396 229,065 2,286...................................... 10,754 (6,000) (30,350) (303)........................................... 18,500 7,905 102,383 1,022....................................... (201,123) (254,044) (595,445) (5,943)....................................... 166,251 105,829 187,095 1,867....................................... 38,706 39,252 127,084 1,269....................................... (34,634) (76,710) (90,088) (899)....................................... 23,142 73,316 46,964 469......................................... (25,630) (50,238) (38,922) (388)......................................... 6,452 7,668 1,324 13................................. (38,837) (19,270) (15,220) (152)................................. 2,664 3,019 3,948 39.......................................... 8,212 (27,688) (25,463) (254)............................... (799,357) (802,278) (838,331) (8,367) 3................ 326,285 (111,360) (69,644) (695) 3........................... 2,102,054 2,230,830 2,777,541 27,723 3............................... (1,697,828) (1,655,581) (1,920,865) (19,172)...................................... 16,628 93,175 24,695 246.................................................... 5,975 4,516 1,977 20............................................ (3,496) (8,092) (11,863) (118).............................. 10,000 (10,000) 21,500 214.............................................. (30,749) (307).......................................... 2,910 1,526 374 4................................. 762,528 545,014 792,966 7,915.................. 1,302 443 (5,430) (55)........................ 100,476 (30,693) 105,492 1,053.................................... 145,380 245,856 215,163 2,147.................................... 245,856 215,163 320,655 $ 3,200
ORIX Corporation Annual Report 2008 2050 96 16 46 2003 12 3 9 107
7 4 30 90 2006 2007 2008 32 0 2 1 1 5 60 108
144 144 6 6 6 2008 348 109 50 109
110 133 87 158 87 88 106132 123 2004 123 123 25123
2001 10 1 2001 10 1 2006 5 1 2001 10 1 2008 3 3124 674 2462000 5 19 3 2007 2008 3 3116 035 17 838 17850 56 20 2007 2008 3 31 200 840 210 312 2 099 15 310 22 538 225 2008 3 5 222 52 2007 2008 3 3134 724 35 857 358 62 20 111
141142 141 21 142 1 144 2006 2007 2008 3 69 636 2 345 23 2006 2007 2008 3 12 465 13 664 14 004 140 144 144 2008 3 31 1 100 19 1 1 1 04 8 1 1 112
2006 2 155 133140 133 1 133140 125 2006 9 15 2006 3 156140 1402006 9 15 2006 648 109 2006 12 15 2006 9 157 2007 11 15 2007 2 159115 1152007 11 15 2007 12 141 2007 2008 12 15 2007 12 160 51 2008 12 15 2008 3 161 133 133 2008 11 15 2006 2007 3 2008 3 113
2006 3 73 454 54 306 19 148 46 950 22 753 22 579 2007 3 57 941 18 6004 253 1 312 19 1 0072008 3 12 4236 871 2 11715 1 31219 1 138 2008 3 35 476 35425 261 252 10 215 10214 314 143 388 42008 3 31 12 2006 2007 2008 3 2006 2007 2008 2008.................................................... 65,812 88,671 113,941 $1,137.................................................... 57,920 94,718 142,751 1,425 2006 2007 2008 350 567 12 468 19 957 199 2006 2008 3 19 148 10 215 102 2006 2007 2008 3 25 057 14 288 4 209 42 114
2007 2008 3 31 2007 2008 2008 1,350,622 1,186,581 $11,844 55,983 57,581 575............................................................... 13,295 11,015 110............................................................. (161,496) (157,049) (1,568)................................................................. 1,258,404 1,098,128 $10,961 2028 32008 3 31 5 3 31 2009.............................................................................. 434,705 $ 4,339 2010.............................................................................. 300,384 2,998 2011.............................................................................. 196,852 1,965 2012.............................................................................. 102,531 1,024 2013.............................................................................. 50,190 501............................................................................ 101,919 1,017......................................................................... 1,186,581 $11,844 2006 2007 2008 3 2007 2008 3 31 2007 2008 2008.................................................................. 529,654 578,988 $ 5,779.................................................. 173,336 180,835 1,805.................................................................. 477,351 594,169 5,930................................................................... 1,180,341 1,353,992 13,514............................................................. (337,946) (350,584) (3,499)............................................................... 842,395 1,003,408 10,015............................................................. 19,654 16,548 165................................................................... 862,049 1,019,956 $10,180 2006 2007 2008 3 7 184 12 105 15 217 152 115
2006 2007 2008 2008..................................................... 99,732 119,980 137,523 $1,373........................................................ 32,241 42,034 47,755 476.......................................................... 131,973 162,014 185,278 $1,849 1 20 2008 3 31 3 31 2009.............................................................................. 132,378 $1,321 2010.............................................................................. 90,093 899 2011.............................................................................. 57,887 578 2012.............................................................................. 32,953 329 2013.............................................................................. 16,180 161............................................................................ 26,183 262......................................................................... 355,674 $3,550 2007 2008 3 31 2007 2008 2008..................................................... 627,659 661,911 $ 6,606................................................... 335,288 343,963 3,433........................................................ 92,666 59,638 596............................................................. 1,055,613 1,065,512 10,635....................................................... 620,946 844,985 8,434............................................... 1,302,595 1,318,621 13,162............................................................. 1,923,541 2,163,606 21,596............................................................. 2,979,154 3,229,118 32,231........................................................ 304,391 330,544 3,299................................................................. 191,959 192,275 1,919............................................................... 14,822 14,373 143............................................................. 3,490,326 3,766,310 $37,592 116
2008 3 315 3 31 2009.............................................................................. 882,597 $ 8,810 2010.............................................................................. 554,242 5,532 2011.............................................................................. 496,252 4,953 2012.............................................................................. 345,096 3,445 2013.............................................................................. 357,315 3,566............................................................................ 924,160 9,224......................................................................... 3,559,662 $35,530 2006 2007 2008 3 147 287 181 972 204 577 2 042 2007 2008 3 3152 811 97 317 971 03 3 2007 2008 3 31191 959 192 275 1 919 2007 2008 3 135 74677 950 778 2007 2008 3 31 14 765 14 594 146 2006 2007 2008 3 2006 2007 2008 2008....................................................... 5,498 8,028 8,519 $85......................................................... 3,244 1,545 1,414 14......................................................... (732) (1,049) (1,316) (13)........................................................ 18 (5) (38) (0)....................................................... 8,028 8,519 8,579 $86 117
2006 2007 2008 3 2006 2007 2008 2008...................................................... 115,250 97,002 89,508 $ 893........................................................ 16,216 13,805 33,226 332........................................................ (37,258) (23,389) (20,310) (203)..................................................... 1,127 2,059 1,742 17....................................................... 1,667 31 (2,159) (21)...................................................... 97,002 89,508 102,007 $1,018 2007 2008 3 31 2007 2008 2008................................................... 25,545 25,481 $ 254.............................................................. 63,963 76,526 764.............................................................. 89,508 102,007 $1,018 114 1 90 2007 2008 3 31100 589 165 283 1 650 67 934 108 921 1 087 2007 2008 3 3129 189 38 081 380 6 2006 2007 2008 3 84 803 91 037 126 789 1 265 2006 2007 2008 31 771 2 388 5 103 511 455 1 752 3 428 34 90 1 2007 2008 3 3121 149 22 637 226 12 656 15 333 153 118
2007 2008 3 31 2007 2008 2008........................................................ 45,912 34,535 $ 345............................................................ 649,897 884,777 8,831............................................................ 179,772 202,472 2,021...................................................................... 875,581 1,121,784 $11,197 20 2006 2007 2008 3 1 901 6 6495 264 53 2006 2007 3 169 532 118 727 12 216 50 009 1 185 368 2008 3 198 584 1 9828 534 85333 3 2006 2007 2008 3 4 540 5 592 8 290 83 2007 2008 3 3178,355 106 652 1 064 76,328 104 931 1 047 2007 2008 3 31 2007 3 31....................................... 1,200 74 (14) 1,260...................................... 27,376 45 (256) 27,165.................................................... 254,648 1,743 (1,547) 254,844...................... 232,059 12,324 (147) 244,236................................................. 39,964 83,307 (879) 122,392.................................................... 555,247 97,493 (2,843) 649,897 2008 3 31 26,599 167 (9) 26,757...................................... 42,341 587 (2) 42,926.................................................... 252,305 3,375 (3,162) 252,518...................... 456,347 7,729 (1,876) 462,200................................................. 54,701 49,848 (4,173) 100,376....................................................... 832,293 61,706 (9,222) 884,777 119
2008 3 31...................................... $ 265 $ 2 $ (0) $ 267.................................... 423 6 (0) 429.................................................... 2,518 33 (31) 2,520.................... 4,555 77 (19) 4,613................................................ 546 498 (42) 1,002.................................................... $8,307 $616 $(92) $8,831 2007 2008 3 31 2007 3 31.................... 977 (14) 977 (14)................... 4,171 (14) 18,127 (242) 22,298 (256)................................. 23,534 (81) 127,244 (1,466) 150,778 (1,547)... 17,869 (86) 8,195 (61) 26,064 (147).............................. 3,151 (862) 75 (17) 3,226 (879)................................. 48,725 (1,043) 154,618 (1,800) 203,343 (2,843) 2008 3 31.................... 1,018 (9) 1,018 (9)................... 853 (1) 703 (1) 1,556 (2)................................. 56,091 (1,786) 54,147 (1,376) 110,238 (3,162)... 43,238 (1,604) 7,631 (272) 50,869 (1,876).............................. 17,216 (4,131) 278 (42) 17,494 (4,173)................................. 118,416 (7,531) 62,759 (1,691) 181,175 (9,222) 2008 3 31.................... $ 10 $ (0) $ $ $ 10 $ (0)................... 9 (0) 7 (0) 16 (0)................................. 560 (17) 540 (14) 1,100 (31)... 432 (16) 76 (3) 508 (19).............................. 172 (42) 3 (0) 175 (42)................................. $1,183 $(75) $626 $(17) $1,809 $(92) 120
2007 2008 3 31360300 2007 2008 3 31 2008 3 31 1....................................................... 70,147 69,335 $ 700 $ 692 1 5................................................... 461,882 462,125 4,610 4,612 5 10.................................................. 154,443 158,523 1,542 1,582 10........................................................ 91,120 94,418 909 943........................................................ 777,592 784,401 $7,761 $7,829 2006 2007 2008 312 440 19 559 22 443 224 140 46 2003 12 121
2006 2007 2008 3 2006 2007 2008 2008............................................... 108,973 167,567 116,445 $1,162............................................ 4,733 4,237 1,688 17.......................................... 25,809 26,608 17,074 170............................................... 76,043 88,150 59,161 590............................................ 1,776 3,146 1,155 12.......................................... 4,976 19,495 7,253 72............................................... 2,651 12,519 10,851 108............................................ 630 379 638 7.......................................... 4,207 830 8 2006 2007 2008 3 7 217 6 484 6 826 68 8 909 1 715 2 365 24 4 312 4 141 3 902 39 2006 2007 2008 3 31 2006 2007 2008 3 2006 2007 2008........... % % % % % % % % % % % % %.... 1.34-1.36 0.98-1.77 0.57 0.00 0.29-1.36 1.04-5.00 1.05-1.18 2.19-5.00 0.20-1.27 5.04-5.25 0.59 5.04-5.25....... 3.07-5.86 1.63-1.97 5.50 9.00 3.40-6.61 1.25-2.46 0.99-1.12 8.57-8.85 0.50-8.51 2.23-9.80 2.71-2.76 1.75 2.71-9.04.. 5.82-5.98 22.07-28.85 0.79 0.00 1.36-6.02 20.67-32.74 7.06-7.26 20.67-34.89 2.00-4.92 22.19-23.43 4.48 22.19-23.43 2008 3 31 10 20.................. 0.19%-1.46% 0.35%-5.50% 0.59%-0.97% 1.54%-5.50%..................... 2.12%-10.83% 0.92%-2.99% 2.41%-6.25% 8.77% 0.92%-9.00%........ 0.21%-6.22% 24.60%-32.03% 0.93%-5.39% 30.73%-32.03% 2008 122