Orix raises earnings forecast, boosts dividend, expands share buyback

Orix Corporation is revising its consolidated earnings forecast and year-end dividend forecast for the fiscal year ending March 31, 2026. Income before income taxes is now projected at 640,000 million yen (up 33% year-on-year), and net income attributable to shareholders at 440,000 million yen (up 25% year-on-year), reflecting robust first-half performance and anticipated continued steady growth. The interim dividend for the fiscal year ending March 31, 2026, will be 93.76 yen per share, a significant increase from the previously announced 60.00 yen, based on a 39% payout ratio for the six months ended September 30, 2025.

The annual dividend for FYE March 31, 2026, is expected to be the higher of a 39% payout ratio or 120.01 yen per share, with an anticipated 153.67 yen per share given the revised earnings forecast. Additionally, Orix is expanding its share repurchase program, increasing the total number of shares to be repurchased from 40 million to 60 million (approx. 5.4% of outstanding shares) and the total purchase price from 100 billion yen to 150 billion yen (an additional 50 billion yen). These changes aim to enhance capital efficiency and shareholder returns, aligning with the company’s strong financial performance.