Sato's questions to ORIX (IX) leadership • Q1 2026
Question
Asked about the risks associated with ORIX's U.S. business, the potential impact of U.S. tariffs and changes in renewable energy incentives on strategy and assets, and the company's overall view on its U.S. exposure.
Answer
The company acknowledged a challenging environment for its U.S. operations, particularly in real estate, leading to a conservative stance and some impairments. They are shifting focus to asset management and counter-cyclical businesses like Hilco Global. The direct impact from U.S. renewable energy policy changes is considered limited, and the global renewable energy strategy remains flexible, evidenced by the Greenco and AM Green transactions.