The following is a summary of the ORIX Corporation. (IX) Q4 2024 Earnings Call Transcript:
Financial Performance:
ORIX Corporation reported a record high net income of ¥346.1 billion in FY 2024, up 19% YoY, resulting in an ROE of 9.2%.
Q4 of FY 2024 net income was a record high of ¥126.9 billion.
Segmental profit rose 22% YoY to ¥494.2 billion.
Base profits increased by 14% YoY to ¥367.6 billion.
Significant contribution to profits came from Corporate Financial Services and Maintenance Leasing, Real Estate, PE Investment and Concession, Insurance, Banking credit, and Aircraft and Ships segments.
Business Progress:
ORIX is targeting a 9.6% ROE for FY 2025.
The company aims for ¥57 billion pretax profit growth, driven by domestic companies and capital recycling in overseas renewable energy.
In FY 2025, ORIX plans to continue its capital recycling program, maintaining a strong pipeline for new investments in Japan and overseas.
Despite global uncertainties, ORIX remains steady in its strategic approach, continuing investments in domestic industries and major global expansion.
The company's strategic focus includes problem-solving investments, accelerating globalization, and expanding asset management.
Plans to increase asset under management in the U.S through third-party investments were revealed, boosting asset management fees.
Aiming to increase net profits to ¥390 billion in 2025 and enhance payout ratio for stakeholders, with a goal to achieve an ROE of 10-11%.
ORIX remains selective in their deals adjusting to the competitive landscape and maintaining a balance of investment and operation in its businesses.
More details: ORIX IR
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