Polaris Flags ORIX Bank Sale to Daiwa and Raised FY2027 Guidance

โดย Insider Monkey·

Summary · why it matters

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.