Orix

Orix Corporation (オリックス株式会社, Orikkusu Kabushiki-gaisha)) is a financial services group headquartered in Minato, Tokyo, and Osaka, Japan. It is also known as the majority owner of the Orix Buffaloes baseball team in Nippon Professional Baseball.

Orix offers leasing, lending, rentals, life insurance, real estate financing and development, venture capital, investment and retail banking, commodities funds and securities brokering. In addition to expanding its offerings, Orix has also expanded globally, offering financial services in North America, Asia, the Middle East and Northern Africa. Divisions include Japan-based Orix Auto Leasing Corporation, which operates in other countries through subsidiaries such as Orix Auto Leasing (Thailand) Co., Ltd.

Orix is a member of the Mitsubishi UFJ Financial Group (MUFJ) keiretsu.

History

Orix was established 17 April 1964 as Orient Leasing Co., Ltd.. The company's name was changed to Orix Corporation in 1989.

Orix was originally a subsidiary of the trading house Nichimen (now Sojitz). Yoshihiko Miyauchi transferred to the company from Nichimen and went on to serve as its chairman and CEO, taking a key role in expanding its leasing business into a global player. Following his retirement in 2014, he was paid a 4.4 billion yen retirement bonus, an amount generally unheard of in the Japanese corporate world.