Q1 2025 ORIX Corp Earnings Call Transcript
Key Points
- Q1 net income increased by 38% year over year to JPY86.7 billion, representing a strong start to the fiscal year.
- Profits in the insurance segment and airport concessions showed significant growth.
- Inbound tourism-related businesses saw a 78% increase in profits, driven by aircraft leasing and airport concessions.
- Capital recycling efforts resulted in JPY35 billion in capital gains for the quarter.
- The company made several key investment decisions likely to contribute to future growth.
- Finance category segment profits were down slightly by 1% year over year.
- Corporate financial services and maintenance leasing segment profits decreased by 3% year over year.
- Environment energy segment reported losses of JPY500 million, down JPY5.5 billion year over year.
- Banking and credit segment profits declined by 23% year over year.
- US real estate business showed higher non-performing loans, indicating potential future risks.
It's time to begin the meeting. Thank you for joining us for ORIX Corporation first-quarter consolidated financial results for the three-month period ended June 30, 2024. I'm from the Investor Relations and the Sustainability Department. My name is Nakane, emceeing this program, and today's attendee is Kazuki Yamamoto, Operating Officer responsible for Investor Relations.
(Conference Instructions) Yamamoto will provide an explanation and this will be followed by Q&A. The program will last approximately one hour. Mr. Yamamoto, please begin.
Thank you very much for the introduction, and thank you for joining ORIX Group's earnings meeting, despite your busy schedule. My name is Yamamoto, Operating Officer in charge of Corporate Planning and Investor Relations. Without further ado, we'd like to get started. Please turn to page 2 for the executive summary. So some of the other four
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