Solid business profile in Japan and diverse earnings sources Strong track record of efforts to stabilize its financial profile and strengthen its risk management in response to changes in the external environment Expanding revenue sources as company strengthens business to provide other services besides financing, such as overseas asset management Sizeable exposure to real estate-related assets, albeit declining, that are subject to market volatility with slightly high credit costs Susceptibility to financial market turmoil owing to its dependence on capital markets funding Potential risk of increases in business complexity and risk appetite given its trend of active investments The outlook on ORIX Corp. is stable, reflecting Standard&Poor's Ratings Services' view that ORIX will be able to maintain its
