DivestmentApr 27, 2026, 06:08 AM
IX to Divest ORIX Bank for ¥370B; Expects ¥124.2B Gain
AI Summary
ORIX Corporation announced its decision to transfer all shares of its consolidated subsidiary, ORIX Bank Corporation, to Daiwa Next Bank, Ltd. for an initial agreed price of 370 billion yen. This strategic divestment aims to enhance ORIX's capital efficiency and expand its asset management business, while allowing ORIX Bank to grow as a comprehensive banking group under Daiwa Securities Group. ORIX expects to record a gain on sale of approximately 124.2 billion yen (income before tax) in its consolidated financial results for the fiscal year ending March 31, 2027.
Key Highlights
- ORIX to transfer 100% of ORIX Bank Corporation shares to Daiwa Next Bank.
- Initial transfer price agreed at 370 billion yen.
- Expected consolidated gain on sale of approximately 124.2 billion yen (income before tax).
- Expected non-consolidated gain of approximately 318.4 billion yen.
- Transaction scheduled to be completed by October 2026.
- ORIX Bank FY25.3 net income was 20,893 million yen.
- ORIX Bank FY25.3 total assets were 3,112,066 million yen.