High profitability backed by a solid business franchise, which consists of diversified operations Adequate capitalization Sound liquidity risk management, achieved through diversified financing methods Stable performance, underpinned by business diversification and a conservative risk management policy Improving profitability Increasing reliance on businesses with high earnings volatility, such as real estate-related operations and private equity investments Need to strengthen its risk management due to business diversification ORIX Corp. (ORIX; A-/Stable/--) has established a relatively solid customer base in its core leasing business, consisting mainly of small and midsize enterprises (SMEs). In addition, the company excels in providing financial products and services. The company's existing corporate businesses include corporate lending, servicing, and investment banking. Recently, it has been focusing on real estate-related