Orix

From Simple English Wikipedia, the free encyclopedia

ORIX Corporation is a financial services company based in Tokyo, Japan. The company provides a variety of services including leasing, lending, rentals, life insurance, real estate financing and development, venture capital, investment and retail banking, commodities funds and securities brokering. ORIX is also the majority owner of the ORIX Buffaloes baseball team in Nippon Professional Baseball.[1]

ORIX was originally called Orient Leasing Co., Ltd. when it was established on April 17, 1964. The company's name was changed to ORIX Corporation in 1989. It was originally a subsidiary of Nichimen (now Sojitz), a trading house.

As of 2007, ORIX was Japan's largest leasing and diversified financial services conglomerate, with assets exceeding US$69 billion and subsidiaries in 24 countries worldwide.[2]

In 2013, ORIX acquired approximately 90.01% of the equity in Dutch asset manager Robeco from Rabobank. The total sale price was €1,937 million (JPY 250.7 billion).

In 2015, ORIX and Vinci SA won a 45-year contract to operate Itami Airport and Kansai International Airport in Osaka Prefecture for around US$18 billion.[3]

ORIX has expanded its offerings and now provides financial services in North America, Asia, the Middle East, and Northern Africa. Its divisions include Japan-based ORIX Auto Leasing Corporation, which operates in other countries through subsidiaries such as ORIX Auto Leasing (Thailand) Co., Ltd.

References[change | change source]

  1. "オリックス、宮内氏に44億円の「功労金」 - 日本経済新聞". www.nikkei.com. Retrieved 2023-04-26.
  2. "MaForix.com is for sale". HugeDomains. Retrieved 2023-04-26.
  3. "UPDATE 1-Orix only confirmed bidder for Kansai airport rights after more drop out". Reuters. 2015-05-22. Retrieved 2023-04-26.