ORIX Corporation (NYSE:IX) Q2 2025 Results Conference Call November 8, 2024 2:30 AM ET
Company Participants
Sachiko Nakane – Investor Relations and Sustainability Department
Makoto Inoue – Chairman, President and CEO
Kazuki Yamamoto – Operating Officer, Corporate Planning and Investor Relations
Conference Call Participants
Natsumu Tsujino – BofA Securities
Masao Muraki – SMBC Nikko Securities
Koki Sato – JPMorgan Chase
Kazuki Watanabe – Daiwa Securities
Futoshi Sasaki – Nomura Securities
Naruhiko Sakamaki – Mizuho Securities
Koichi Niwa – Citigroup
Atsuro Takemura – Morgan Stanley
Sachiko Nakane
Since it is time, we now would like to get started. Despite your busy schedule, thank you very much for attending the earnings call by ORIX Corporation. This is the second quarter of fiscal year ending March 2025 earnings call. I’ll be serving as a moderator. I am from IR Sustainability Promotion Department, Nakane.
So at today’s earnings call, we have Director Representative Executive Officer, President and CEO, Inoue; and Operating Officer in charge of IR, Kazuki Yamamoto.
[Operator Instructions] Today, we will be explaining about the progress of our performance and outline of our business. Mr. Inoue will explain, and this will be followed by some additional remarks by Yamamoto-san and also open up Q&A after that. We plan to hold this about an hour. So Inoue-san, over to you.
Makoto Inoue
This is Inoue from ORIX. Thank you very much for your attendance. So let me explain by making use of the Slide #2.
For the first 6 months of FY ’25 margin, ORIX recorded pretax profit of ¥257 billion. Net income was ¥182.9 billion, up 42.8% year-over-year, a record high first half net income for ORIX. Now this represents 46.9% progress in our full year net income outlook of ¥390 billion, and we expect strong earnings to continue into the second half. So we will continue to work towards achieving our earnings target.
