ORIX Corporation
Notice on Transfer of Consolidated Subsidiary ORIX Bank (Share Transfer)
ORIX Corporation has concluded a contract on April 27, 2026, to transfer all 1,200,000 shares of consolidated subsidiary ORIX Bank to Daiwa Next Bank for 370 billion yen, with execution planned by October 2026.
Key Figures
- Number of shares transferred: 1,200,000 shares (ownership ratio before transfer: 100%)
- Transfer price: 370 billion yen (final price to be determined after adjustment)
- Share transfer agreement date: 2026-04-27, Execution planned by: October 2026
AI要約
Purpose and Background of the Transfer
ORIX Corporation has decided to transfer all shares of its consolidated subsidiary ORIX Bank to Daiwa Next Bank. Established in 1993, ORIX Bank operates primarily online with low-cost management, offering investment real estate loans and corporate financing, maintaining steady performance. ORIX judged Daiwa Next Bank of Daiwa Securities Group as the optimal partner to strengthen a financial platform combining securities and banking functions.
Overview of the Transfer and Future Outlook
The number of shares to be transferred is 1,200,000, and the transfer price is 370 billion yen (final price to be determined after adjustment). The share transfer agreement was signed on April 27, 2026, with execution planned by October 2026. Following the transfer, ORIX Bank will no longer be a consolidated subsidiary of the ORIX Group, but an expected gain on sale of approximately 124.2 billion yen will be recorded in the consolidated financial statements for the fiscal year ending March 2027.
ORIX Corporation
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