TOKYO, Apr 27 (Pulse News Wire) – ORIX Corporation (8591.T) announced today that it has decided to transfer its wholly-owned subsidiary, Orix Bank, to Sumitomo Mitsui Trust Holdings' affiliate, Sumitomo Mitsui Next Bank. The companies signed a share transfer agreement.
Established in 1993, Orix Bank operates without physical branches and focuses on internet-based transactions, offering competitive interest rates while providing real estate financing and trust services. The bank holds a top-tier market share in investment property loans and offers financing solutions for renewable energy and logistics facilities. Sumitomo Mitsui Trust Holdings prioritizes maximizing customer asset value and aims to strengthen its securities business through Sumitomo Mitsui Next Bank's low-cost operations model.
ORIX believes combining banking and securities functions within a robust capital base will drive sustainable growth for Orix Bank. Under the deal, ORIX will sell its entire stake in Orix Bank to Sumitomo Mitsui Next Bank. Post-transfer, ORIX will hold no shares in Orix Bank.
The transaction is expected to close by October 2026 and could result in approximately ¥1 trillion in pre-tax gains for the fiscal year ending March 2027.
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