ORIX Announces Net Income Up 18% to 196.5 Billion Yen in the Fiscal Year Ended March 31, 2007.

Tokyo, Japan, May 10, 2007 - (JCN Newswire) - ORIX  Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, today announced that net income rose 18% to 196.5 billion yen for the fiscal year ended March 31, 2007.

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                          2007.3       2007.3       2006.3     Change
                         US$ mil      Yen mil      Yen mil      Y-o-Y
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Total Revenues             9,679    1,142,553      929,882     Up 23%
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Total Expenses             7,289      860,387      714,925     Up 20%
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Operating Income           2,390      282,166      214,957     Up 31%
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Income before
  Income Taxes*            2,677      316,074      249,769     Up 27%
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Net Income                 1,665      196,506      166,388     Up 18%
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ROE (Annualized)           18.3%        18.3%        19.8%       --
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ROA (Annualized)           2.54%        2.54%        2.50%       --
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Earnings per Share
  (Basic)(US$/Yen)         18.44     2,177.10     1,883.89     Up 16%
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Earnings per Share
  (Diluted)(US$/Yen)       17.80     2,100.93     1,790.30     Up 17%
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                          2007.3       2007.3       2006.3     Change
                         US$ mil      Yen mil      Yen mil      Y-o-Y
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Shareholders' Equity      10,116    1,194,234      953,646     Up 25%
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Total Assets              69,523    8,207,187    7,242,455     Up 13%
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Shareholders' Equity
  Ratio                    14.6%        14.6%        13.2%       --
----------------------------------------------------------------------
Shareholders' Equity
  per Share (US$/Yen)     110.88    13,089.83    10,608.97     Up 23%
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* "Income before income taxes" refers to "income before income taxes,
minority interests in earnings of subsidiaries, discontinued opera-
tions and extraordinary gain" in consolidated statements of income.
**U.S. dollar amounts have been calculated at 118.05 Yen to $1.00, the
approximate exchange rate prevailing at March 31, 2007. Unless
otherwise stated, all amounts shown are in millions of Japanese yen
or millions of U.S. dollars, except for per share data, which are in
single yen or dollars.

Highlights of Fiscal Year Ended March 31, 2007

(For details please refer to pages 4-6 and 17 of the annual results for the fiscal year ended March 31, 2007)

1. The "Real Estate," "Real Estate-Related Finance," and "Other" segments achieved large increases in segment profits. Segment profits increased in the "Real Estate" segment as more condominiums were sold to buyers, and due to a contribution to revenues from gains on sales of real estate under operating leases. In the "Real Estate-Related Finance" segment, profits increased due to the contribution to revenues from corporate loans, including non-recourse loans, and the loan servicing operations, as well as lower provisions. The "Other" segment achieved a large increase in segment profits due to the gains on the sale of a portion of our shares in Aozora Bank  and increase in revenues at the venture capital operations.

2. Segment profits increased for the "Corporate Financial Services," "Asia, Oceania and Europe," "Automobile Operations," and "Rental Operations" segments. Segment profits increased for the "Corporate Financial Services" segment due to the expansion of loans to corporate customers. Segment profits increased in the "Asia, Oceania and Europe" segment due to contributions from the automobile leasing and loan servicing operations in the Asia and Oceania region. Segment profits increased at the "Automobile Operations" segment due to the contribution to revenues from the automobile leasing operations. Segment profits increased for the "Rental Operations" segment due to the gains on reversals of the provisions for doubtful receivables.

3. Segment profits decreased for the "Life Insurance" and "The Americas" segments. Segment profits decreased in the "Life Insurance" segment due to the lower life insurance premiums and related investment income. While the investment bank Houlihan Lokey contributed to profits, and revenues from corporate loans increased, segment profits were lower for "The Americas" segment as there was a gain on the sale of operations recorded in the same period of the previous fiscal year.

For the fiscal year ending March 31, 2008, ORIX is forecasting contributions from the real estate-related segments and the Corporate Financial Services segment, and "total revenues" of 1,216,000 million yen (up 6.4% compared with the fiscal year ended March 31, 2007), "income before income taxes" of 353,000 million yen (up 11.7%), and "net income" of 202,500 million yen (up 3.1%).

For details on the annual results announcement please access "Annual Results 2007/3" and "Annual Results Supplementary Information 2007/3" from ORIX's web site at: http://www.orix.co.jp/grp/ir_e/data/index.htm

ORIX will also hold a conference call in English on Friday, May 11, 2007 at 9:30 PM (Tokyo)/8:30 AM (EST)/1:30 PM (London)/2:30 PM (Continent) to discuss the earnings announcement. For details on how to participate please access "Conference Call Details" from http://www.orix.co.jp/grp/ir_e/data/index.htm

This document may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under "Risk Factors" in the Company's annual report on Form 20-F filed with the United States Securities and Exchange Commission and those described under "Business Risk" of the securities report (yukashoken houkokusho) filed with the Director of the Kanto Local Finance Bureau.

About ORIX Corporation

ORIX Corporation (TSE: 8591; NYSE: IX) is an integrated financial services group based in Tokyo, Japan, providing innovative value-added products and services to both corporate and retail customers. With operations in 23 countries and regions worldwide, ORIX's activities include leasing, corporate and consumer finance, real estate-related finance and development, life insurance, and investment banking. For more details, please visit our web site at: www.orix.co.jp/grp/index_e.htm

Source: ORIX Corporation

Contact:

ORIX Corporation
Corporate Communications
Raymond Spencer or
Yui Takamatsu
Tel: [phone]
Fax: [phone]
E-mail: [e-mail]
URL: www.orix.co.jp/index_e.htm

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