ORIX : Announcement Regarding Management Changes and Organizational Reform

Announcement Regarding Management Changes and Organizational Reform

Tokyo, Japan - December 12, 2019 - ORIX Corporation ("ORIX") today made public an announcement regarding management changes and organizational reform.

• Management Changes (Effective as of January 1, 2020)

New Position	Present Position	Name
Member of the Board of Directors,	Member of the Board of Directors,	Yuichi Nishigori
Senior Managing Executive Officer	Senior Managing Executive Officer
Responsible for Energy and Eco Services	Head of Energy and Eco Services
Business Headquarters	Business Headquarters
Member of the Board of Directors,	Member of the Board of Directors,	Shuji Irie
Senior Managing Executive Officer	Managing Executive Officer
Head of Investment and Operation	Head of Investment and Operation
Headquarters	Headquarters
Member of the Board of Directors,	Member of the Board of Directors,	Shoji Taniguchi
Senior Managing Executive Officer	Managing Executive Officer
Responsible for Treasury and	Responsible for Treasury and
Accounting Headquarters	Accounting Headquarters
Responsible for Enterprise Risk	Assistant to CEO
Management Headquarters
Responsible for Corporate Planning
Department
Responsible for Corporate
Communications Department
Assistant to CEO
Member of the Board of Directors,	Member of the Board of Directors,	Satoru Matsuzaki
Senior Managing Executive Officer	Managing Executive Officer
Head of Corporate Business	Head of Corporate Business
Headquarters	Headquarters
Chairman, ORIX Auto Corporation
Chairman, ORIX Rentec Corporation
Senior Managing Executive Officer	Senior Managing Executive Officer	Kiyoshi Fushitani
Head of East Asia Business	Head of Global Business Headquarters
Headquarters	Head of East Asia Business
Head of Global Transportation Services	Headquarters
Headquarters	Head of Global Transportation Services
	Headquarters
Senior Managing Executive Officer	Managing Executive Officer	Yoshiteru Suzuki
President and Chief Executive Officer,	President and Chief Executive Officer,
ORIX Corporation USA	ORIX Corporation USA

New Position	Present Position	Name
Managing Executive Officer	Executive Officer	Yasuaki Mikami
Head of Group Human Resources and	Head of Group Human Resources and
Corporate Administration Headquarters	Corporate Administration Headquarters
Responsible for Secretariat of The Board	Responsible for Secretariat of The Board
of Directors	of Directors
Responsible for Work Style Reform	Responsible for Work Style Reform
Project	Project
Executive Officer	Executive Officer	Harukazu Yamaguchi
Group Strategy Business Unit	Deputy Head of Global Business
Responsible for Global Business Group	Headquarters
Executive Officer	Group Executive	Toyonori Takahashi
Group Kansai Representative	Group Kansai Representative
Responsible for MICE‐IR Office	Responsible for Integration of DAIKYO
Responsible for Real Estate Sales	INCORPORATED
Department	President, ORIX Real Estate Corporation
Senior Managing Executive Officer, ORIX
Real Estate Corporation
Executive Officer	Executive Officer	Yasuhiro Tsuboi
Head of Credit and Investment	Deputy Head of Credit and Investment
Management Headquarters	Management Headquarters
Executive Officer	Group Executive	Michio Minato
Group Strategy Business Unit	Director, ORIX Real Estate Corporation
President, ORIX Baseball Club Co., Ltd.	President, ORIX Baseball Club Co., Ltd.
President, Osaka City Dome Co., Ltd.	President, Osaka City Dome Co., Ltd.
Executive Officer	Operating Officer	Tetsuya Kotera
Deputy Head of Corporate Business	Deputy Head of Corporate Business
Headquarters	Headquarters
Executive Officer	Operating Officer	Eiji Arita
Deputy Head of Corporate Business	Deputy Head of Corporate Business
Headquarters	Headquarters
Executive Officer	Operating Officer	Seiichi Miyake
Deputy Head of Investment and	Deputy Head of Investment and
Operation Headquarters	Operation Headquarters
Executive Officer	Operating Officer	Hidetake Takahashi
Head of Energy and Eco Services	Deputy Head of Energy and Eco Services
Business Headquarters	Business Headquarters
Executive Officer	Operating Officer	Tomoko Kageura
Head of Enterprise Risk Management	Responsible for Group Internal Audit
Headquarters	Department
Responsible for Global General Counsel
Office
Executive Officer	Operating Officer	Nobuki Watanabe
Responsible for CEO's Office	Group Strategy Business Unit
Responsible for New Business	Responsible for CEO's Office
Development Department	Responsible for New Business
	Development Department
Group Managing Executive	Executive Officer	Toshinari Fukaya
President, ORIX Real Estate Corporation	Head of Real Estate Headquarters
	Responsible for Finance and Investment
	Department

New Position	Present Position	Name
Group Executive	Group Executive	Takaaki Nitanai
Senior Managing Executive Officer, ORIX	Deputy President, ORIX Real Estate
Real Estate Corporation	Corporation
Group Executive	Operating Officer	Nobuhisa Hosokawa
President, ORIX Rentec Corporation	Deputy Head of Energy and Eco Services
	Business Headquarters
Retire*1	Managing Executive Officer	Kazutaka Shimoura
	Head of Credit and Investment
	Management Headquarters
Retire	Executive Officer	Yoshiko Fujii
	Responsible for Global General Counsel
	Office
Retire*2	Executive Officer	Takayuki Okamoto
	Head of Enterprise Risk Management
	Headquarters
Retire*3	Group Senior Managing Executive	Katsunobu Kamei
	Chairman, ORIX Auto Corporation
Retire*4	Group Executive	Shinichi Obara
	President, ORIX Rentec Corporation

*1 Mr. Shimoura will be appointed Advisor of ORIX on January 1, 2020. *2 Mr. Okamoto will be appointed Advisor of ORIX on January 1, 2020.

*3 Mr. Kamei will be appointed Chairman of ORIX Asset Management Corporation on January 1, 2020. *4 Mr. Obara will be appointed President of ORIX Insurance Services Corporation on January 1, 2020.

• Organizational Reform (Effective as of January 1, 2020)

CEO's Office and New Business Development Department will be independent of Group Strategy Business Unit.

Corporate Planning Department will be independent of Treasury and Accounting Headquarters.

Corporate Communications Department and Legal and Public Affairs Department will be realigned into Corporate Communications Department and Corporate Legal Department.

Corporate Communications Department will be independent of Treasury and Accounting Headquarters. Corporate Legal Department will be incorporated into Enterprise Risk Management Headquarters.

Finance and Investment Department will be incorporated into Corporate Business Headquarters.

Real Estate Headquarters will be abolished.

Global Business Headquarters will be abolished.

Global Business Group and Global Business Development and Investment Group will be realigned into Global Business Group. Global Business Group will be incorporated into Group Strategy Business Unit.

MICE‐IR Office will be newly established.

Real Estate Sales Department will be newly established.

Contact Information:

ORIX Corporation

Corporate Planning Department

Tel: +81‐3‐3435‐3121

About ORIX:

ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses.

Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile related, real estate and environment and energy related businesses. Since entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 37 countries and regions across the world.

Going forward, ORIX intends to utilize its strengths and expertise, which generate new value, to establish an independent ORIX business model that continues to evolve perpetually. In this way, ORIX will engage in business activities that instill vitality in its companies and workforce, and thereby contribute to society. For more details, please visit our website: https://www.orix.co.jp/grp/en/

(As of March 31, 2019)

Caution Concerning Forward Looking Statements:

These documents may contain forward‐looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results that 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 annual report on Form 20‐F filed with the United States Securities and Exchange Commission and under "(4) Risk Factors" of the "1. Summary of Consolidated Financial Results" of the "Consolidated Financial Results April 1, 2018 - March 31, 2019."