AG真人官方

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2025

Commission File Number: 001-14856

ORIX Corporation

(Translation of Registrant’s Name into English)

World Trade Center Bldg., SOUTH TOWER, 2-4-1 Hamamatsu-cho, Minato-ku, Tokyo, JAPAN

(Address of Principal Executive Offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F ☒  Form 40-F ☐

Table of Contents

Material Contained in this Report

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Consolidated Financial Results

April 1, 2025 - June 30, 2025

August 7, 2025

In preparing its consolidated financial information, ORIX Corporation (the “Company”) and its subsidiaries have complied with generally accepted accounting principles in the United States of America.

This document may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on the Company’s current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s most recent annual report on Form 20-F filed with the U.S. Securities and Exchange Commission.

The Company believes that it may have been a “passive foreign investment company” for U.S. federal income tax purposes in the year to which these consolidated financial results relate by reason of the composition of its assets and the nature of its income. In addition, the Company may be a PFIC for the foreseeable future. Assuming that the Company is a PFIC, a U.S. holder of the shares or American depositary shares of the Company will be subject to special rules generally intended to eliminate any benefits from the deferral of U.S. federal income tax that a holder could derive from investing in a foreign corporation that does not distribute all of its earnings on a current basis. Investors should consult their tax advisors with respect to such rules, which are summarized in the Company’s annual report.

For further information please contact:

Investor Relations and Sustainability Department

ORIX Corporation

World Trade Center Bldg., SOUTH TOWER, 2-4-1 Hamamatsu-cho, Minato-Ku, Tokyo, 105-5135

JAPAN

Tel: +81-3-3435-3121 Fax: +81-3-3435-3154

E-mail: [email protected]

Consolidated Financial Results from April 1, 2025 to June 30, 2025

(U.S. GAAP Financial Information for ORIX Corporation and its Subsidiaries)

1. Performance Highlights as of and for the Three Months Ended June 30, 2025

(1) Performance Highlights - Operating Results (Unaudited)

(millions of yen)

“Comprehensive Income Attributable to ORIX Corporation Shareholders” was ¥144,448 million for the three months ended June 30, 2025 (year-on-year change was a 30.3% decrease) and ¥207,115 million for the three months ended June 30, 2024 (year-on-year change was a 29.5% increase).

(2) Performance Highlights - Financial Position (Unaudited)

“Shareholders’ Equity Ratio” is the ratio of “Total ORIX Corporation Shareholders’ Equity” to “Total Assets.”

2. Dividends (Unaudited)

- 1 -

3. Forecast for the Year Ending March 31, 2026 (Unaudited)

Factors causing a result that differs from forward-looking statements include, but are not limited to, those described under “Risk Factors” in our Form 20-F submitted to the U.S. Securities and Exchange Commission.

4. Other Information

(4) Number of Issued Shares (Ordinary Shares)

1. The number of issued shares, including treasury stock, was 1,162,962,244 as of June 30, 2025, and 1,162,962,244 as of March 31, 2025.

2. The number of treasury stock was 30,796,694 as of June 30, 2025, and 23,259,695 as of March 31, 2025.

3. The average number of outstanding shares was 1,133,591,927 for the three months ended June 30, 2025, and 1,150,311,448 for the three months ended June 30, 2024.

The Company’s shares held through the Board Incentive Plan Trust (3,413,000 shares as of June 30, 2025 and 3,413,000 shares as of March 31, 2025) are not included in the number of treasury stock as of the end of the periods, but are included in the average number of shares outstanding as treasury stock that are deducted from the basis of the calculation of per share data.

* These consolidated financial results from April 1, 2025 to June 30, 2025 are not subject to certified public accountant’s or audit firm’s quarterly review.

- 2 -

1. Summary of Consolidated Financial Results

(1) Financial Highlights

Financial Results for the Three Months Ended June 30, 2025

Overview of Business Performance (April 1, 2025 to June 30, 2025)

Total revenues for the three months ended June 30, 2025 (hereinafter, “the first consolidated period”) increased 9% to ¥768,641 million compared to ¥708,139 million during the same period of the previous fiscal year primarily due to increases in gains on investment securities and dividends, sales of goods and real estate and services income, partially offset by decreases in life insurance premiums and related investment income.

Total expenses increased 3% to ¥638,891 million compared to ¥621,873 million during the same period of the previous fiscal year primarily due to increases in costs of goods and real estate sold and services expense, partially offset by decreases in life insurance costs.

Equity in net income of equity method investments increased 150% to ¥19,422 million compared to the same period of the previous fiscal year, and gains on sales of subsidiaries and equity method investments and liquidation losses, net decreased 76% to ¥6,308 million compared to the same period of the previous fiscal year.

Due to the above results, income before income taxes for the first consolidated period increased 29% to ¥155,480 million compared to ¥120,169 million during the same period of the previous fiscal year and net income attributable to ORIX Corporation shareholders increased 24% to ¥107,288 million compared to ¥86,735 million during the same period of the previous fiscal year.

- 3 -

Segment Information

Total segment profits for the first consolidated period increased 20% to ¥164,867 million compared to the same period of the previous fiscal year.

Segment information for the first consolidated period is as follows:

Corporate Financial Services and Maintenance Leasing: Finance and fee business; leasing and rental of automobiles, electronic measuring instruments and ICT-related equipment

Segment profits increased 19% to ¥23,568 million compared to the same period of the previous fiscal year primarily due to increases in operating leases revenues and finance revenues.

Segment assets decreased 1% to ¥1,869,979 million compared to the end of the previous fiscal year primarily due to decreases in loans to ORIX and its subsidiaries and installment loans, partially offset by an increase in investment in operating leases.

AG真人官方 Estate: AG真人官方 estate development, rental and management; facility operations; real estate asset management

Segment profits increased 157% to ¥35,866 million compared to the same period of the previous fiscal year primarily due to an increase in services income.

Segment assets decreased 1% to ¥1,151,872 million compared to the end of the previous fiscal year primarily due to decreases in trade notes, accounts and other receivable and inventories, partially offset by increases in equity method investments and investment in operating leases.

- 4 -

PE Investment and Concession: Private equity investment and concession

Segment profits decreased 25% to ¥24,004 million compared to the same period of the previous fiscal year primarily due to the absence of gains on sales of subsidiaries and equity method investments recorded in the first quarter of the previous fiscal year as a result of the sale of investees, partially offset by an increase in equity in net income (loss) of equity method investments.

Segment assets increased 3% to ¥1,054,540 million compared to the end of the previous fiscal year primarily due to increases in equity method investments and property under facility operations and goodwill, intangible assets acquired in business combinations, partially offset by a decrease in cash and cash equivalents.

Environment and Energy: Domestic and overseas renewable energy; electric power retailing; ESCO services; sales of solar panels; recycling and waste management

Segment profits increased by ¥18,426 million to ¥17,944 million compared to the same period of the previous fiscal year primarily due to increases in gains on sales of subsidiaries and equity method investments, foreign exchange gains or losses, and gains on investment securities and dividends.

Segment assets decreased 2% to ¥992,589 million compared to the end of the previous fiscal year primarily due to a general decrease as a result of foreign exchange effects.

- 5 -

Insurance: Life insurance

Segment profits increased 10% to ¥24,063 million compared to the same period of the previous fiscal year primarily due to a decrease in life insurance costs, partially offset by a decrease in life insurance premiums and related investment income.

Segment assets increased 1% to ¥3,047,702 million compared to the end of the previous fiscal year primarily due to increases in reinsurance recoverables and investment in securities, partially offset by decreases in cash and cash equivalents and trade notes, accounts and other receivable.

Banking and Credit: Banking and consumer finance

Segment profits increased 55% to ¥9,939 million compared to the same period of the previous fiscal year primarily due to an increase in finance revenues.

Segment assets increased 2% to ¥3,216,471 million compared to the end of the previous fiscal year primarily due to increases in installment loans and investment securities.

- 6 -

Aircraft and Ships: Aircraft investment and management; ship-related finance and investment, maritime asset management and ship brokerage

Segment profits decreased 16% to ¥9,882 million compared to the same period of the previous fiscal year primarily due to the absence of gains on sales of subsidiaries and equity method investments recorded in the first quarter of the previous fiscal year and a decrease in finance revenues in shipping business.

Segment assets decreased 2% to ¥1,208,440 million compared to the end of the previous fiscal year primarily due to a general decrease as a result of foreign exchange effects.

ORIX USA: Finance, investment and asset management in the Americas

Segment profits decreased 95% to ¥648 million compared to the same period of the previous fiscal year primarily due to a decrease in gains on sales of subsidiaries and equity method investments, the recognition of valuation losses on loans, and an increase in provision for credit losses.

Segment assets totaled ¥1,588,197 million, remaining relatively unchanged compared to the end of the previous fiscal year due to a general decrease as a result of foreign exchange effects, partially offset by increases in investment in securities and trade notes, accounts and other receivable.

- 7 -

ORIX Europe: Asset management of global equity and fixed income

Segment profits decreased 11% to ¥9,946 million compared to the same period of the previous fiscal year primarily due to a decrease in services income, partially offset by an increase in gains on investment securities and dividends.

Segment assets increased 7% to ¥716,077 million compared to the end of the previous fiscal year primarily due to a general increase as a result of foreign exchange effects and increases in cash and cash equivalents.

Asia and Australia: Finance and investment businesses in Asia and Australia

Segment profits increased 1% to ¥9,007 million compared to the same period of the previous fiscal year primarily due to an increase in equity in net income (loss) of equity method investments in Asia and Australia, partially offset by a decrease in finance revenues in Greater China.

Segment assets decreased 1% to ¥1,712,608 million compared to the end of the previous fiscal year primarily due to decreases in cash and cash equivalents and installment loans and equity method investment, partially offset by an increase in investment in operating leases.

- 8 -

(2) Consolidated Financial Condition

Summary of Assets, Liabilities, Shareholders’ Equity

Total assets increased 1% to ¥17,000,280 million compared to the end of the previous fiscal year primarily due to increases in investment in operating leases, investment in securities and other assets (mainly reinsurance recoverable), partially offset by decreases in property under facility operations and inventories. In addition, segment assets increased 1% to ¥16,558,475 million compared to the end of the previous fiscal year.

Total liabilities increased 1% to ¥12,773,412 million compared to the end of the previous fiscal year primarily due to increases in deposits and short-term debt, partially offset by decreases in trade notes, accounts and other payable and policy liabilities and policy account balances.

Shareholders’ equity increased 1% to ¥4,145,509 million compared to the end of the previous fiscal year.

- 9 -

2. Financial Information

(1) Condensed Consolidated Balance Sheets (Unaudited)

(millions of yen)

- 10 -

- 11 -

(2) Condensed Consolidated Statements of Income (Unaudited)

(millions of yen)

- 12 -

(3) Condensed Consolidated Statements of Comprehensive Income (Unaudited)

(4) Assumptions for Going Concern

There is no corresponding item.

(5) Significant Changes in Shareholders’ Equity

There is no corresponding item.

(6) Changes in Accounting Policies

There are no changes in accounting policies.

- 13 -

(7) Segment Information (Unaudited)

The Group CEO, as the Chief Operating Decision Maker (“CODM”), regularly assesses segment performance and allocates management resources by using the amount equivalent to income before income taxes attributable to ORIX Corporation Shareholders of each business segment.

An overview of the operations for each of the ten operating segments follows below.

The accounting policies of the segments are almost the same as accounting policies for condensed consolidated financial statements except for the treatment of income tax expenses, net income attributable to noncontrolling interests, and net income attributable to redeemable noncontrolling interests. The chief operating decision maker evaluates segment performance based on the amount equivalent to income before income taxes attributable to ORIX Corporation shareholders. Therefore, net income attributable to noncontrolling interests, net income attributable to redeemable noncontrolling interests, and income tax expenses are not included in segment profit or loss. Most of selling, general and administrative expenses, including compensation costs that are directly related to the revenue generating activities of each segment and excluding the expenses that should be borne by ORIX Group as a whole, have been accumulated by and charged to each segment. Gains and losses that management does not consider for evaluating the performance of the segments, such as certain interest expenses and certain foreign exchange gains or losses (included in other (income) and expense) are excluded from the segment profits or losses, and are regarded as corporate items.

Assets attributed to each segment are total assets except for certain cash and head office assets.

- 14 -

Segment information for the three months ended June 30, 2024 and three months ended June 30, 2025 is as follows:

- 15 -