Solid business profile in Japan made up of diverse operations Adequate long-term financing ratio due to diversified financing methods High concentration risk in volatile real estate-related exposures Vulnerability to financial market turmoil owing to its relatively high dependence on market financing The outlook is stable. Standard&Poor's Ratings Services holds the view that ORIX Corp. may incur some losses from its real estate-related investment and loan portfolio, given that concentration risk in its real estate-related assets remains high. However, we believe that ORIX's asset portfolio is likely to be able to absorb the potential negative impact of those possible losses on its asset quality and profitability. This is because it has a diversified asset portfolio with relatively small lots
