ORIX(IX) - 2020 Q4 - Earnings Call Presentation

Financial Performance - ORIX Corporation reported net income of 1924 billion JPY, a 36% year-over-year decrease, with an ROE of 64%[2] - Segment profits totaled 3189 billion JPY, down 28% year-over-year[4] - Base profits were 2296 billion JPY, a 235% year-over-year decrease, but increased by 76 billion JPY excluding the three businesses most impacted by COVID-19[4] - Investment gains amounted to 893 billion JPY, a 375% year-over-year decrease[4] Segment Highlights - Corporate Financial Services and Maintenance Leasing reported segment profits of 591 billion JPY, a 6% year-over-year decrease, with segment assets of 16586 billion JPY, a 7% year-to-date decrease[9, 28] - Real Estate segment profits were 247 billion JPY, a 69% year-over-year decrease, while segment assets totaled 8721 billion JPY, a 6% year-to-date increase[9, 32] - PE Investment and Concession segment profits were 34 billion JPY, a 92% year-over-year decrease, with segment assets of 3787 billion JPY, a 17% year-to-date increase[9, 34] - Environment and Energy segment profits reached 286 billion JPY, a 146% year-over-year increase, and segment assets were 5067 billion JPY, a 6% year-to-date increase[9, 40] - Insurance segment profits were 551 billion JPY, a 23% year-over-year increase, with segment assets of 19595 billion JPY, a 24% year-to-date increase[9, 46] - Banking and Credit segment profits were 480 billion JPY, a 23% year-over-year increase, and segment assets totaled 26906 billion JPY, a 3% year-to-date increase[9, 52] - Aircraft and Ships segment profits were 38 billion JPY, a 92% year-over-year decrease, with segment assets of 6018 billion JPY, a 3% year-to-date increase[9, 64, 65] - ORIX USA reported segment profits of 436 billion JPY, a 23% year-over-year decrease, and segment assets of 12201 billion JPY, an 11% year-to-date decrease[9, 70] - ORIX Europe's segment profits were 379 billion JPY, a 13% year-over-year decrease, with segment assets of 3695 billion JPY, a 16% year-to-date increase[9, 73] - Asia and Australia segment profits were 147 billion JPY, flat year-over-year, and segment assets totaled 10842 billion JPY, a 7% year-to-date increase[9, 79] Future Outlook - ORIX forecasts a net income of 2500 billion JPY for FY223 and aims to return to a net income of 3000 billion JPY quickly, with a medium- to long-term goal of achieving 4000 billion JPY[14] - The company plans a share repurchase program of 500 billion JPY for FY223 and a full-year dividend of 78 JPY per share[13, 109]