ORIX Announces Net Income Up 20% to 151 Billion Yen in the Nine Months Ended December 31, 2006.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Feb 8, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - ORIX ORIX Corporation (オリックス株式会社 Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 8591; NYSE NYSE See: New York Stock Exchange : IX), a leading integrated financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. group, today announced that net income rose 20% to 151 billion yen for the nine months ended December December: see month. 31, 2006 (April 1-December 31) of the fiscal year ending March 31, 2007.
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2006.4-12 2006.4-12 2005.4-12 Change
US$ mil yen mil yen mil Y-o-Y
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Total Revenues 7,151 851,751 666,848 Up 28%
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Total Expenses 5,274 628,154 499,057 Up 26%
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Operating income 1,877 223,597 167,791 Up 33%
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Income before
Income Taxes* 2,071 246,727 191,466 Up 29%
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Net Income 1,268 150,981 126,097 Up 20%
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ROE (Annualized) 19.3% 19.3% 20.7% --
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ROA (Annualized) 2.68% 2.68% 2.64% --
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Earnings per Share
(Basic)(US$/Yen) 14.07 1,675.43 1,434.39 Up 17%
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Earnings per Share
(Diluted)(US$/Yen) 13.55 1,614.50 1,359.01 Up 19%
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2006.12 2006.12 2006.3 Change
US$ mil yen mil yen mil Y-o-Y
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Shareholders' Equity 9,553 1,137,752 953,646 Up 19%
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Total Assets 65,507 7,802,545 7,242,455 Up 8%
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Shareholders' Equity
ratio 14.6% 14.6% 13.2% --
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Shareholders' Equity
per Share (US$/Yen) 105.68 12,588.14 10,608.97 Up 19%
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* "Income before income taxes" refers to "income before income taxes,
minority interests in earnings of subsidiaries, discontinued operations
and extraordinary gain" in the consolidated statements of income.
**U.S. dollar amounts have been calculated at 119.11 Yen to $1.00, the
approximate exchange rate prevailing at December 31, 2006. 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 Nine Months Ended December 31, 2006 (For details please refer to pages 4-6 and 14 of the third quarter financial results for the fiscal year ending March 31, 2007) 1. The "Real Estate" segment achieved a large increase in segment profits as more condominiums were sold to buyers, and due to the contribution from gains on sales of real estate under operating leases Operating Lease A lease contract that allows the use of an asset, but does not convey rights similar to ownership of the asset. Notes: An operating lease is not capitalized it is accounted for as a rental expense. . Segment profits increased for the "Real Estate-Related Finance" segment due to the contribution to revenues from corporate loans, including non-recourse loans, and the loan servicing Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type loan and the terms negotiated between the firm and the investor seeking their services. operations, as well as lower provisions. 2. 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 Aozora Bank, Ltd. (株式会社あおぞら銀行 and increase in revenues at the venture capital operations. 3. Segment profits increased for the "Corporate Financial Services" segment due to the expansion of loans to corporate customers, as well as lower provisions. Segment profits increased at the "Automobile Operations" due to the contribution to revenues from operating leases and maintenance leases. Segment profits increased in the "Asia, Oceania Oceania (ōshēăn`ēə, –ā`nēə) or Oceanica (ōshēăn`ĭkə) and Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). " segment due to contributions
from the automobile leasing and loan servicing operations.
4. Segment profits decreased for the "Rental Operations" and "Life Insurance" segments due to the lower investment income. While the investment bank Houlihan Lokey contributed to profits and revenues from corporate loans increased, segment profits were lower for "The Americas A·mer·i·cas , the See America. " segment as there were gains on the sale of operations recorded in the same period of the previous fiscal year. For details on the Third Quarter earnings announcement please access "Third Quarter Results 2006/12" and "Third Quarter Results Supplementary Information 2006/12" from ORIX's web site at: http://www.orix.co.jp/grp/ir_e/data/report/index.htm . ORIX will also hold a conference call in English 1. English - (Obsolete) The source code for a program, which may be in any language, as opposed to the linkable or executable binary produced from it by a compiler. The idea behind the term is that to a real hacker, a program written in his favourite programming language is on Friday, February 9, 2007 at 10:00 PM (Tokyo)/8:00 AM (EST EST electroshock therapy. EST abbr. electroshock therapy )/1:00 PM (London)/2:00 PM (Continent) to discuss the earnings announcement. For details on how to participate please access. This document may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 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 24 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 Tel: +81-3-5419-5102 Fax: +81-3-5419-5901 E-mail: orixir@orix.co.jp URL: www.orix.co.jp/index_e.htm Copyright [c] 2007 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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