Orix Corp. appointed COO and president Hidetake Takahashi in January 2025. Former president Makoto Inoue will continue to lead group management as CEO and chair of the board. For the nine-month period ended Dec. 31, 2024, Orix reported net income of ¥271.8 billion, a 24% increase year on year, and 70% of the full-year target of ¥390 billion. Of the group's 10 segments, private equity and concession and aircraft and ships made material contributions to financial results. We believe the leadership team's business strategy and risk management will affect group credit quality. Since the group is not prudentially regulated, except for subsidiaries of the life insurance and banking businesses, it can transform its business profile more dynamically than regulated financial
