ORIX Corporation reported a 216% increase in net income attributable to shareholders for the six months ended Sept. 30, 2026, as investment earnings and a gain on the ORIX Bank sale lifted reported profit.
Net income reached ¥856.218 billion, compared with ¥271.096 billion in the same period a year earlier. Basic earnings per share (EPS) under U.S. generally accepted accounting principles rose 227% to ¥785.16. EPS expresses earnings on a per-share basis, while net income is the total attributable to shareholders. Continuing-operations revenue grew 10% to ¥1.674 trillion from ¥1.528 trillion. ORIX retrospectively reclassified the prior-year figures.
The measures cover different parts of the business: continuing-operations revenue excludes ORIX Bank, while net income also reflects equity-method investment income and discontinued operations. The 216% increase in net income therefore reflects more than growth in continuing revenue.
Equity-method investment income totaled ¥809.61 billion. ORIX said stronger earnings from one investee were partly offset by impairment charges on certain equity-method investments.
ORIX booked gains and valuation changes tied to Toshiba Corporation's transactions in Kioxia Holdings Corporation shares through its equity-method affiliate TB Investment Limited Partnership. ORIX said future Kioxia-related gains or losses could fluctuate with Kioxia's share price, while gains already recognized do not represent cash received by ORIX.
Discontinued operations generated ¥89.542 billion in net income. That result included a ¥124.295 billion pretax gain on the ORIX Bank sale, recorded outside continuing operations.
ORIX set an interim dividend of ¥113.56 per share based on adjusted earnings that exclude the after-tax effect of Kioxia-related gains. It kept its fiscal 2027 net-income forecast at ¥530 billion, 18.5% above the prior year.
