ORIX
Encyclopedia
is a financial services
group established 17 April 1964 as Orient Leasing Co., Ltd.. The company's name was changed to ORIX Corporation in 1989. It has headquarters in both Minato, Tokyo
, Japan
and Osaka
, Japan
, and they are the majority owners 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.
In 2006, ORIX USA acquired a majority stake in the investment bank Houlihan Lokey
to address the growing international demand for middle-market investment banking services. Houlihan Lokey opened offices in Hong Kong and Tokyo in 2007.
As of 2007, ORIX was Japan's largest leasing and leading diversified financial services conglomerate with assets in excess of US$ 69 billion and subsidiaries & associates in 24 countries worldwide.
In early 2009, ORIX management advised employees worldwide that due to suffering a series of losses because of the economic downturn, a retrenchment of 10% of its employees would occur. In turn this resulted in the termination of approx 600 individuals employment contracts.
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
group established 17 April 1964 as Orient Leasing Co., Ltd.. The company's name was changed to ORIX Corporation in 1989. It has headquarters in both Minato, Tokyo
Minato, Tokyo
is one of the 23 special wards of Tokyo, Japan. As of 1 March 2008, it had an official population of 217,335 and a population density of 10,865 persons per km². The total area is 20.34 km².Minato hosts 49 embassies...
, Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
and Osaka
Osaka
is a city in the Kansai region of Japan's main island of Honshu, a designated city under the Local Autonomy Law, the capital city of Osaka Prefecture and also the biggest part of Keihanshin area, which is represented by three major cities of Japan, Kyoto, Osaka and Kobe...
, Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
, and they are the majority owners of the ORIX Buffaloes
Orix Buffaloes
The are a Nippon Professional Baseball team based in Osaka and Kobe, Japan. They play in the Pacific League. The team is owned by the Orix Group, a leading diversified financial services company based in Tokyo....
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.
In 2006, ORIX USA acquired a majority stake in the investment bank Houlihan Lokey
Houlihan Lokey
Houlihan Lokey, Inc. is the largest private investment bank in the world. Headquartered in Los Angeles, California, the firm advises middle-market and large public and private companies. Its main service lines include mergers and acquisitions, capital markets, restructuring, fairness opinions,...
to address the growing international demand for middle-market investment banking services. Houlihan Lokey opened offices in Hong Kong and Tokyo in 2007.
As of 2007, ORIX was Japan's largest leasing and leading diversified financial services conglomerate with assets in excess of US$ 69 billion and subsidiaries & associates in 24 countries worldwide.
In early 2009, ORIX management advised employees worldwide that due to suffering a series of losses because of the economic downturn, a retrenchment of 10% of its employees would occur. In turn this resulted in the termination of approx 600 individuals employment contracts.