ORIX Corporation

Polaris Capital Management's second-quarter 2026 investor letter for its Global Equity Strategy highlighted ORIX Corporation as a company-specific catalyst in financials, noting that under its new CEO ORIX sold Orix Bank to Daiwa Securities for approximately $2.3 billion, funding a buyback and raising its FY2027 profit guidance. The letter also cited gains from ORIX's OQCI Fund and a boost from its holding in Toshiba, which itself booked large gains selling down its stake in chipmaker Kioxia. The Polaris Global Equity Composite returned 13.26% net of fees for the quarter, trailing the MSCI World Index's 13.90% gross return, but remained ahead year-to-date through June 30, 2026, gaining 19.95% versus 9.94% for the benchmark on strong IT and AI-related holdings. ORIX closed at $39.53 per share on September 22, 2026, down 1.79% over the past month but up 46.86% over the past 52 weeks, with a market capitalization of $40.74 billion and a 52-week range of $24.19 to $42.39. Six hedge fund portfolios held ORIX at the end of the second quarter, down from nine in the previous quarter.

Vehicle leasing company FleetPartners Group said on the 14th that a consortium led by Sumitomo Corporation, Orix, and SG Fleet, a unit of Australian private equity major Pacific Equity Partners, have raised their takeover offers. Based on the new offers, the company is valued at up to 982.1 million Australian dollars, or 722 million US dollars. SG Fleet raised its offer price to 4.55 Australian dollars per share, while the consortium led by Orix and Sumitomo Corporation each raised theirs to 4.65 Australian dollars. According to FleetPartners, Canada's Element Fleet opted not to revise its takeover proposal and has therefore withdrawn from the bidding war. FleetPartners' board has decided to grant the three camps — SG Fleet, Orix, and the Sumitomo Corporation-led consortium — access to the next stage of due diligence.

ORIX Corporation reported its highest-ever quarterly net income of JPY 280.8 billion for the three months ended June 30, 2026, up JPY 173.5 billion year over year, driven largely by JPY 121.7 billion in Kioxia-related sale and valuation gains. The company maintained its full-year net income forecast of JPY 530 billion, citing Kioxia share-price volatility that makes results difficult to predict. ORIX changed its dividend policy to base payouts on adjusted profits that exclude non-cash Kioxia-related gains and losses, while keeping a minimum payout of the higher of a 39% payout ratio or the prior year's dividend of JPY 156.10 per share. The company also continued its JPY 250 billion share buyback program, with 31% completed by the end of July. Core operations improved across asset management, aircraft leasing, shipping, insurance, and U.S. and European businesses, and ORIX generated JPY 115.7 billion in capital gains and about JPY 300 billion in recycling-related cash inflows during the quarter.

Orix announced on the 3rd that it will acquire all shares of UK-based aircraft parts recycling company Airfin through its aircraft leasing subsidiary. According to a spokesperson, the enterprise value is approximately 100 billion yen, with the acquisition expected to be completed within 2026. Founded in 2010, Airfin engages in the trading, leasing, and repair of aircraft, engines, and parts, and has a customer base of over 600 companies worldwide. Orix entered the aircraft leasing business in 1978 and currently owns and manages around 230 aircraft. This acquisition will enable it to offer proposals that maximize the asset value of aircraft, including parts recycling. While aviation demand continues to recover, the aftermarket business of supplying reusable parts from retired aircraft is said to be growing in importance against a backdrop of supply shortages for new aircraft and replacement parts.

Zacks Investment Research added five stocks to its Zacks Rank Number 1 Strong Buy list today. ORIX Corporation saw its current-year earnings consensus estimate increase 55.7 percent over the last 60 days. NVIDIA Corporation's estimate rose 11 percent, Astronics Corporation's increased 18.6 percent, Fluence Energy Incorporated's climbed 18.2 percent, and AMC Entertainment Holdings Incorporated's estimate grew 29 percent over the same period.

Zacks Investment Research highlights three stocks with strong value characteristics and a Zacks Rank #1 as of June 29. Daktronics, an electronic display solutions provider, trades at a price-to-earnings ratio of 15.02 versus its industry's 17.30 and holds a Value Score of B. ORIX Corporation, a financial services company, has a P/E of 8.26 compared with the S&P 500's 22.41 and a Value Score of A. TD SYNNEX Corporation, an IT distribution company, carries a P/E of 15.51 against the S&P 500's 22.41 and a Value Score of B.

Zacks Investment Research added five stocks to its Zacks Rank Number 1 Strong Buy list on June 29. ORIX Corporation saw its current-year earnings consensus estimate increase 68.7% over the last 60 days. TTM Technologies saw a 27.1% increase, Albemarle Corporation a 55.6% increase, Idaho Strategic Resources a 14.3% increase, and Perimeter Solutions a 21.1% increase.