ORIX Corporation (IX) Balance Sheet
IX balance sheet, FY2026
March 31, 2026 · Japanese yen¥18.08T assets = ¥13.44T liabilities + ¥4.64T equity
Both columns are drawn to the same scale: what IX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
IX financial health
Debt / equity1.46
Moderate leverage · ¥1.46 of debt for each $1 of equity
Equity / assets24.9%
Balanced · of assets funded by shareholders
Cash / debt22.2%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
IX balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | ¥11.23TFY2017 | ¥18.08TFY2026 | +5.4%/yr | |
| Total liabilities | ¥8.58TFY2017 | ¥13.44TFY2026 | +5.1%/yr | |
| Shareholders’ equity | ¥2.51TFY2017 | ¥4.50TFY2026 | +6.7%/yr | |
| Cash & short-term investments | ¥1.61TFY2017 | ¥1.46TFY2026 | −1.1%/yr | |
| Total debt | ¥4.14TFY2017 | ¥6.57TFY2026 | +5.3%/yr | |
| Net cash (debt) | −¥2.53TFY2017 | −¥5.11TFY2026 | −¥2.6T | |
| Working capital | ¥5.49TFY2017 | ¥5.49TFY2026 | +¥4.9B | |
| Debt / equity | 1.65FY2017 | 1.46FY2026 | −0.19 | |
| Shares outstanding | 1.31BFY2017 | 1.12BFY2026 | −1.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
IX assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
IX liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
IX debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
IX balance sheet in Japanese yen
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | ¥1.46T | ¥3.81T | ¥1.03T | ¥1.24T | ¥3.13T | ¥959.91B | ¥996.01B | ¥1.16T | ¥1.74T | ¥1.61T |
| Cash & equivalents | ¥1.46T | ¥1.21T | ¥1.03T | ¥1.23T | ¥954.83B | ¥951.24B | ¥982.67B | ¥1.16T | ¥1.32T | ¥1.04T |
| Short-term investments | ¥2.53T | ¥2.61T | ¥2.03B | ¥4.37B | ¥2.17T | ¥4.15B | ¥5.92B | ¥549.05B | ¥422.05B | ¥569.07B |
| Receivables | ¥4.61T | ¥411.01B | ¥5.53T | ¥5.42T | ¥1.45T | ¥5.01T | ¥5.11T | ¥4.69T | ¥4.29T | ¥4.27T |
| Inventory | ¥0 | ¥229.23B | ¥227.36B | ¥169.02B | ¥139.56B | ¥142.16B | ¥126.01B | ¥115.69B | ¥111.00B | ¥117.86B |
| Other current assets | ¥0 | ¥0 | ¥223.23B | ¥189.32B | ¥0 | ¥155.46B | ¥210.51B | ¥150.35B | ¥120.39B | ¥138.15B |
| Total current assets | ¥6.07T | ¥4.34T | ¥7.01T | ¥7.02T | ¥4.58T | ¥6.27T | ¥6.44T | ¥6.12T | ¥6.26T | ¥6.13T |
| Property, plant & equipment (net) | ¥986.50B | ¥2.13T | ¥1.03T | ¥973.06B | ¥2.23T | ¥852.52B | ¥887.97B | ¥550.02B | ¥547.75B | ¥509.72B |
| Goodwill & intangible assets | ¥0 | ¥629.53B | ¥1.24T | ¥1.22T | ¥962.73B | ¥984.58B | ¥906.01B | ¥889.35B | ¥836.48B | ¥754.53B |
| Long-term investments | ¥4.62T | ¥4.55T | ¥4.58T | ¥3.94T | ¥3.83T | ¥3.55T | ¥3.07T | ¥2.77T | ¥2.32T | ¥2.55T |
| Other non-current assets | ¥6.41T | ¥5.21T | ¥2.46T | ¥2.14T | ¥2.66T | ¥1.91T | ¥1.77T | ¥1.85T | ¥1.46T | ¥1.28T |
| Total assets | ¥18.08T | ¥16.87T | ¥16.32T | ¥15.29T | ¥14.27T | ¥13.56T | ¥13.07T | ¥12.17T | ¥11.43T | ¥11.23T |
| Liabilities | ||||||||||
| Accounts payable | ¥356.01B | ¥339.79B | ¥362.50B | ¥366.85B | ¥291.42B | ¥260.71B | ¥282.73B | ¥293.48B | ¥262.30B | ¥251.80B |
| Short-term debt | ¥574.72B | ¥549.68B | ¥577.82B | ¥512.12B | ¥439.64B | ¥331.09B | ¥380.83B | ¥326.99B | ¥311.68B | ¥288.03B |
| Deferred revenue | — | — | −¥16.78T | — | — | — | — | ¥42.01B | ¥18.80B | ¥93.88B |
| Total current liabilities | ¥574.72B | ¥3.39T | ¥1.10T | ¥972.21B | ¥731.06B | ¥661.18B | ¥721.41B | ¥671.00B | ¥600.25B | ¥645.45B |
| Long-term debt | ¥5.97T | ¥5.74T | ¥5.63T | ¥5.21T | ¥4.43T | ¥4.42T | ¥4.28T | ¥4.19T | ¥3.83T | ¥3.85T |
| Lease obligations | — | — | — | — | — | — | — | ¥0 | ¥0 | ¥0 |
| Other long-term liabilities | ¥6.90T | ¥3.56T | ¥5.57T | ¥5.49T | ¥338.14B | ¥5.38T | ¥4.99T | ¥4.35T | ¥4.19T | ¥4.08T |
| Total liabilities | ¥13.44T | ¥12.69T | ¥12.30T | ¥11.67T | ¥10.90T | ¥10.46T | ¥9.99T | ¥9.21T | ¥8.62T | ¥8.58T |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | ¥222.07B | ¥221.11B | ¥221.11B | ¥221.11B | ¥221.11B | ¥221.11B | ¥221.11B | ¥221.11B | ¥220.96B | ¥220.52B |
| Retained earnings (deficit) | ¥3.52T | ¥3.35T | ¥3.26T | ¥3.05T | ¥2.91T | ¥2.74T | ¥2.75T | ¥2.56T | ¥2.32T | ¥2.08T |
| Treasury stock | — | — | — | — | — | −¥111.95B | −¥121.07B | −¥75.90B | −¥75.55B | −¥37.17B |
| Accumulated other comprehensive income | ¥607.49B | ¥341.30B | ¥357.15B | ¥156.13B | −¥16.04B | −¥84.65B | −¥118.53B | −¥61.34B | −¥45.57B | −¥21.27B |
| Minority interest | ¥141.31B | ¥85.43B | ¥83.14B | ¥71.66B | — | — | — | ¥0 | ¥0 | ¥0 |
| Total shareholders' equity | ¥4.50T | ¥4.09T | ¥3.94T | ¥3.54T | ¥3.37T | ¥3.03T | ¥2.99T | ¥2.90T | ¥2.68T | ¥2.51T |
| Key figures | ||||||||||
| Total debt | ¥6.57T | ¥6.28T | ¥6.46T | ¥6.01T | ¥4.87T | ¥5.04T | ¥4.93T | ¥4.51T | ¥4.14T | ¥4.14T |
| Net cash (debt) | −¥5.11T | −¥2.47T | −¥5.43T | −¥4.77T | −¥1.74T | −¥4.08T | −¥3.93T | −¥3.35T | −¥2.39T | −¥2.53T |
| Working capital | ¥5.49T | ¥948.20B | ¥5.91T | ¥6.05T | ¥3.85T | ¥5.61T | ¥5.72T | ¥5.45T | ¥5.66T | ¥5.49T |
| Tangible book value | ¥4.50T | ¥3.46T | ¥2.70T | ¥2.33T | ¥2.41T | ¥2.04T | ¥2.09T | ¥2.01T | ¥1.85T | ¥1.75T |
| Shares outstanding | 1.12B | 1.14B | 1.16B | 1.18B | 1.20B | 1.24B | 1.28B | 1.28B | 1.28B | 1.31B |
| Current ratio | 10.56 | 1.28 | 6.39 | 7.22 | 6.26 | 9.48 | 8.93 | 9.12 | 10.44 | 9.50 |
| Quick ratio | 10.56 | 1.25 | 5.98 | 6.85 | 6.26 | 9.03 | 8.46 | 8.72 | 10.05 | 9.10 |
| Debt / equity | 1.46 | 1.54 | 1.64 | 1.70 | 1.45 | 1.66 | 1.65 | 1.56 | 1.54 | 1.65 |
| Equity / assets | 24.9% | 24.2% | 24.1% | 23.2% | 23.6% | 22.3% | 22.9% | 23.8% | 23.5% | 22.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | ¥968.92B | ¥1.46T | ¥1.31T | ¥3.98T | ¥1.21T | ¥3.81T | ¥1.12T | ¥3.77T | ¥992.75B | ¥1.03T | ¥3.44T | ¥919.71B |
| Cash & equivalents | ¥968.92B | ¥1.46T | ¥1.31T | ¥1.28T | ¥1.21T | ¥1.21T | ¥1.12T | ¥1.17T | ¥992.75B | ¥1.03T | ¥904.29B | ¥915.11B |
| Short-term investments | — | ¥2.53T | — | ¥2.70T | — | ¥2.61T | — | ¥2.60T | — | ¥2.03B | ¥2.54T | ¥4.60B |
| Receivables | ¥3.17T | ¥4.61T | ¥473.94B | ¥413.14B | ¥5.62T | ¥411.01B | ¥5.58T | ¥1.51T | ¥5.41T | ¥5.53T | ¥1.54T | ¥5.43T |
| Inventory | ¥271.57B | ¥0 | ¥260.15B | ¥240.38B | ¥214.73B | ¥229.23B | ¥227.65B | ¥216.91B | ¥217.41B | ¥227.36B | ¥231.19B | ¥222.91B |
| Other current assets | ¥3.38T | ¥0 | ¥0 | ¥0 | ¥115.45B | ¥0 | ¥132.42B | ¥0 | ¥163.93B | ¥223.23B | ¥0 | ¥216.79B |
| Total current assets | ¥7.79T | ¥6.07T | ¥1.89T | ¥4.51T | ¥7.16T | ¥4.34T | ¥7.06T | ¥5.28T | ¥6.78T | ¥7.01T | ¥4.98T | ¥6.79T |
| Property, plant & equipment (net) | ¥923.43B | ¥986.50B | ¥2.24T | ¥2.16T | ¥950.05B | ¥2.13T | ¥929.65B | ¥2.95T | ¥950.76B | ¥1.03T | ¥2.63T | ¥887.74B |
| Goodwill & intangible assets | ¥0 | ¥0 | ¥0 | ¥1.41T | ¥0 | ¥15.34B | ¥0 | ¥1.22T | ¥0 | ¥1.24T | ¥1.26T | ¥1.29T |
| Long-term investments | ¥4.68T | ¥4.62T | ¥4.69T | ¥4.63T | ¥4.61T | ¥4.55T | ¥4.71T | ¥4.55T | ¥4.63T | ¥4.58T | ¥4.38T | ¥4.30T |
| Other non-current assets | ¥4.86T | ¥6.41T | ¥9.31T | ¥4.89T | ¥4.29T | ¥5.82T | ¥4.22T | ¥2.34T | ¥4.14T | ¥2.46T | ¥2.52T | ¥2.53T |
| Total assets | ¥18.26T | ¥18.08T | ¥18.13T | ¥17.60T | ¥17.00T | ¥16.87T | ¥16.92T | ¥16.34T | ¥16.50T | ¥16.32T | ¥15.77T | ¥15.80T |
| Liabilities | ||||||||||||
| Accounts payable | ¥325.68B | ¥356.01B | ¥333.72B | ¥317.20B | ¥314.93B | ¥339.79B | ¥298.39B | ¥297.34B | ¥323.11B | ¥362.50B | ¥330.55B | ¥329.84B |
| Short-term debt | ¥582.68B | ¥574.72B | ¥691.25B | ¥609.88B | ¥629.91B | ¥549.68B | ¥737.90B | ¥743.38B | ¥642.07B | ¥577.82B | ¥650.62B | ¥589.56B |
| Deferred revenue | — | — | — | — | — | — | — | — | — | −¥51.47B | −¥51.47B | — |
| Total current liabilities | ¥4.65T | ¥574.72B | ¥4.40T | ¥4.23T | ¥1.55T | ¥3.39T | ¥1.61T | ¥3.34T | ¥1.51T | ¥1.10T | ¥3.21T | ¥1.50T |
| Long-term debt | ¥5.73T | ¥5.97T | ¥6.02T | ¥5.91T | ¥5.75T | ¥5.74T | ¥5.77T | ¥5.49T | ¥5.74T | ¥5.63T | ¥5.33T | ¥5.45T |
| Other long-term liabilities | ¥3.04T | ¥6.90T | ¥3.03T | ¥2.94T | ¥5.47T | ¥3.56T | ¥5.36T | ¥3.53T | ¥5.09T | ¥5.57T | ¥3.42T | ¥5.00T |
| Total liabilities | ¥13.41T | ¥13.44T | ¥13.45T | ¥13.08T | ¥12.77T | ¥12.69T | ¥12.74T | ¥12.36T | ¥12.34T | ¥12.30T | ¥11.97T | ¥11.95T |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | ¥221.11B | ¥222.07B | ¥221.11B | ¥221.11B | ¥221.11B | ¥221.11B | ¥221.11B | ¥221.11B | ¥221.11B | ¥221.11B | ¥221.11B | ¥221.11B |
| Retained earnings (deficit) | ¥3.71T | ¥3.52T | ¥3.57T | ¥3.56T | ¥3.40T | ¥3.35T | ¥3.40T | ¥3.38T | ¥3.28T | ¥3.26T | ¥3.17T | ¥3.13T |
| Accumulated other comprehensive income | ¥659.87B | ¥607.49B | ¥723.44B | ¥558.62B | ¥378.46B | ¥341.30B | ¥418.28B | ¥234.10B | ¥477.53B | ¥357.15B | ¥269.90B | ¥326.70B |
| Minority interest | ¥132.15B | ¥141.31B | ¥138.83B | ¥128.37B | ¥81.36B | — | — | — | — | — | — | — |
| Total shareholders' equity | ¥4.71T | ¥4.50T | ¥4.58T | ¥4.44T | ¥4.15T | ¥4.09T | ¥4.09T | ¥3.90T | ¥4.07T | ¥3.94T | ¥3.73T | ¥3.76T |
| Key figures | ||||||||||||
| Total debt | ¥6.31T | ¥6.57T | ¥6.71T | ¥6.52T | ¥6.38T | ¥6.28T | ¥6.51T | ¥6.24T | ¥6.39T | ¥6.46T | ¥5.98T | ¥6.04T |
| Net cash (debt) | −¥5.34T | −¥5.11T | −¥5.41T | −¥2.54T | −¥5.17T | −¥2.47T | −¥5.39T | −¥2.47T | −¥5.39T | −¥5.43T | −¥2.54T | −¥5.12T |
| Working capital | ¥3.15T | ¥5.49T | −¥2.50T | ¥282.35B | ¥5.61T | ¥948.20B | ¥5.45T | ¥1.95T | ¥5.27T | ¥5.91T | ¥1.77T | ¥5.29T |
| Tangible book value | ¥4.71T | ¥4.50T | ¥4.58T | ¥3.03T | ¥4.15T | ¥4.07T | ¥4.09T | ¥2.68T | ¥4.07T | ¥2.70T | ¥2.47T | ¥2.48T |
| Shares outstanding | 1.10B | 1.09B | 1.11B | 1.13B | 1.13B | 1.14B | 1.15B | 1.15B | 1.15B | 1.17B | 1.17B | 1.17B |
| Current ratio | 1.68 | 10.56 | 0.43 | 1.07 | 4.62 | 1.28 | 4.38 | 1.58 | 4.49 | 6.39 | 1.55 | 4.51 |
| Quick ratio | 0.89 | 10.56 | 0.40 | 1.04 | 4.41 | 1.25 | 4.16 | 1.58 | 4.24 | 5.98 | 1.55 | 4.22 |
| Debt / equity | 1.34 | 1.46 | 1.46 | 1.47 | 1.54 | 1.54 | 1.59 | 1.60 | 1.57 | 1.64 | 1.61 | 1.61 |
| Equity / assets | 25.8% | 24.9% | 25.3% | 25.2% | 24.4% | 24.2% | 24.2% | 23.9% | 24.7% | 24.1% | 23.6% | 23.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in Japanese yen as reported (latest annual report filed June 22, 2026); data from EODHD.
IX financial position
At the end of fiscal 2026 (March 31, 2026), ORIX had total assets of ¥18.08 trillion (up 7.2% from a year earlier), total liabilities of ¥13.44 trillion and shareholders' equity of ¥4.50 trillion. It held ¥1.46 trillion in cash and short-term investments against ¥6.57 trillion of debt, net debt of ¥5.11 trillion. Its current ratio was 10.56. In the latest quarter (ended June 30, 2026) total assets were ¥18.26 trillion and equity ¥4.71 trillion.
Related: IX income statement, IX cash flow statement, IX key metrics. See the IX stock overview for the latest quote and news.
IX balance sheet FAQ
What are ORIX's total assets?
ORIX reported total assets of ¥18.08 trillion at the end of fiscal 2026 (March 31, 2026), compared with ¥16.87 trillion a year earlier.
How much debt does ORIX have?
ORIX had ¥6.57 trillion of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 1.46.
How much cash does ORIX have?
ORIX held ¥1.46 trillion in cash and short-term investments at the end of fiscal 2026; with ¥6.57 trillion of debt that is net debt of ¥5.11 trillion.
What is ORIX's book value?
ORIX's shareholders' equity (book value) was ¥4.50 trillion at the end of fiscal 2026.
What is ORIX's current ratio?
ORIX had current assets of ¥6.07 trillion and current liabilities of ¥574.7 billion, a current ratio of 10.56 (it can cover its short-term obligations).