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Orix Corporation (TSE:8591, NYSE:IX) on Wednesday reported higher earnings for the six months ended September 30, 2025, raised its annual profit forecast, increased its interim dividend, and expanded its share repurchase program. The information is based on a press release statement and the company’s SEC filing.
For the six months ended September 30, 2025, Orix posted total revenues of ¥1,564.5 billion, up 11% from ¥1,403.6 billion in the same period a year earlier. Net income attributable to Orix shareholders rose 48% to ¥271.1 billion from ¥182.9 billion. Income before income taxes increased 52% to ¥391.5 billion. Basic earnings per share for the period were ¥240.42, compared to ¥159.42 a year earlier.
Orix attributed the increase in revenues primarily to gains on investment securities and dividends, including a gain from the transfer of shares in Greenko Energy Holdings, as well as higher life insurance premiums and service income. Segment profits rose 42% year-on-year to ¥409.4 billion.
As of September 30, 2025, Orix’s total assets stood at ¥17.6 trillion, up 4% from ¥16.9 trillion at the end of March 2025. Shareholders’ equity increased to ¥4.44 trillion from ¥4.09 trillion.
The company’s board approved an interim dividend of ¥93.76 per share, to be paid on December 9, 2025. This is higher than the previously announced forecast of ¥60.00 per share. The annual dividend for the fiscal year ending March 31, 2026, will be the higher of a 39% payout ratio or ¥120.01 per share. If the company achieves its revised profit forecast, the annual dividend per share is expected to be ¥153.67.
Orix also revised its full-year earnings forecast, now expecting net income attributable to shareholders of ¥440 billion, up from the previous forecast of ¥380 billion. Income before income taxes is projected at ¥640 billion.
Additionally, the board approved expanding the ongoing share repurchase program. The maximum number of shares to be repurchased was increased to 60 million shares (about 5.4% of outstanding shares, excluding treasury shares) from 40 million, and the maximum purchase price was raised to ¥150 billion from ¥100 billion. As of October 31, 2025, Orix had repurchased 22.74 million shares for ¥78 billion under the program.
No significant changes in accounting policies or scope of consolidation were reported.
All financial data is presented in Japanese yen. The information is based on a press release and SEC filing.
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