ORIX Corporation announced a simplified absorption-type company split of subsidiary Tsukuba Lease Corporation into ORIX and ORIX Auto, effective August 1, 2026, followed by Tsukuba Lease's dissolution, with immaterial impact on consolidated results.
Key takeaways
ORIX and ORIX Auto to absorb Tsukuba Lease via simplified/short-form split, no shareholder approvals required.
Tsukuba Lease business (lease receivables and installment receivables) to continue under Successor Companies.
Consideration based on book value of lease receivables as of July 31, 2026.
Tsukuba Lease dissolution and liquidation after August 1, 2026 effective date.
ORIX holds 95% of Tsukuba Lease; no change to ORIX capital or operations.
Impact on ORIX consolidated financial results expected to be immaterial.