Profitable business franchise within Japan's financial sector, despite harsh competition Strong record of maintaining a stable financial profile and strengthening risk management in response to external changes Increasing diversification of portfolio and expansion of revenue sources Susceptibility to market volatility of business segments including real estate and investment and operation Susceptibility of funding to market instability because the company is not in a bank group Potential increases in geographic and organizational complexities alongside business expansion S&P Global Ratings' negative outlook on the long-term issuer credit rating on ORIX Corp. reflects its view that the company's business risk is increasing amid large acquisitions. We also believe the company's continuous overseas expansion requires more foreign-currency funding, which may strain its financial profile
