Sakamaki

Sakamaki from Mizuho Securities asked why the breakdown of capital profit versus base profit was not included in the current earnings deck, and what the key takeaway was compared to previous disclosure methods.

Answer

Kazuki Yamamoto, Operating Officer, explained that the capital gain of JPY 195.6 billion is presented on the capital recycling page. The decision to omit the separate capital profit vs. base profit page was made after feedback from the investment community suggested it could be misleading. The board decided to prioritize disclosure based on the three core categories: finance, operation, and investment. He confirmed that base profit is steadily growing and that ORIX remains ready to provide precise numbers upon request.

Sakamaki asked about the absence of the capital profit versus base profit disclosure in the current earnings deck, inquiring about ORIX's takeaway from its previous method of expressing these figures.

Answer

Kazuki Yamamoto, Operating Officer, ORIX, explained that the capital gain of JPY 196.6 billion is now shown on the capital recycling page. He stated that the decision to prioritize disclosure based on the three categories (finance, operation, investment) was made after feedback from the investment community suggested the previous method could be misleading. Yamamoto confirmed that base profit is steadily growing and offered to provide precise numbers for capital gain versus base profit upon request.