Published on 3 Nov 2023 on Insider Monkey via Yahoo Finance

ORIX Corporation (NYSE:IX) Q2 2024 Earnings Call Transcript

ORIX Corporation (NYSE:IX) Q2 2024 Earnings Call Transcript November 2, 2023

Nakane: Now it's time to start the ORIX Corporation's Financial Results Briefing for the Six-Month Period Ended September 30, 2023. Thank you very much for joining us today. I'd like to act as a moderator. I am Nakane from IR Sustainability Promotion Division. Today, we have Mr. Makoto Inoue, the President and CEO; as well as Mr. Hitomaro Yano, in charge of Accounting and Treasury and Investor Relations. There are some housekeeping announcements. In order to prevent any interference if you have any mobile phones or telecommunication devices nearby, please make sure to turn them off or move away from those devices. First, I will call upon Mr. Yano and then Mr. Inoue to make presentations and then take questions. We plan to spend about one hour. Now Mr. Yano.

Hitomaro Yano: Thank you for the introduction. This is Yano speaking in charge of Accounting and Treasury and Investor Relations. Thank you for taking time out of a very busy schedule to participate into this briefing. I'll start by explaining about our fiscal 2024 March results. Please turn to Page 2. For first half of fiscal 2024 March, ORIX reported net income of JPY128.1 billion, up 4.7% year-on-year. This translated into annualized ROE of 7.0%. Please turn to the next page. This is the breakdown of segment profits. First half segment profits were up 11% year-on-year. It was JPY191 billion. This slide shows past trends of segment profits on a full year quarterly and half year basis from left to right. Base profit are dark blue and the investment gains are in light blue.