ORIX Corporation was established in 1964 in Osaka, Japan as Orient Leasing Company Ltd. by three trading companies and five banks, as a pioneer in the sphere of leasing. Since its inception, ORIX has remained on the leading edge of financial innovation. Among many other unique qualities, ORIX attributes its success chiefly to its ability to respond rapidly to changes in the market place. ORIX’s growth strategy has involved expansion strategically and geographically, with a boldness and scope that puts the Company in a class by itself among major Japanese firms offering financial services. The Company’s name was changed to ORIX Corporation in 1989 to reflect its increasingly international profile and move into financial services other than leasing and is listed in the Tokyo and New York Stock Exchanges.

ORIX has a diverse range of revenue streams, stemming from operating and financing leases, low margin business focused on auto and equipment leasing, insurance, corporate rehabilitation, loan servicing, real-estate related and other specialised finance, investments and retail banking and value-added services. Today, ORIX Corporation, as a leading integrated financial services group, is the single largest leasing company in the world and the second largest financial solutions provider in Japan with a global network of 798 consolidated subsidiaries and 104 affiliates throughout 27 countries and regions worldwide. It has 1,098 offices in Japan, with 275 locations throughout the United States, Asia, Oceania, Europe, the Middle East and Northern Africa.

ORIX was able to surpass its targets for the financial year completed in March 2010, despite the stagnant world economy triggered by the financial crisis. The ORIX Group focused on the dual management strategy of ‘From Finance’ to ‘Finance + Services’ and ‘Expanding Business in Asia’ and the realisation of stable operations and steady growth through further enhancement of financial stability and comprehensive risk management.

Lanka ORIX Leasing Company PLC (LOLC) being the third Joint Venture of ORIX with the International Finance Corporation (IFC) has continued to add value to ORIX with another year of good performance propelled by expansion and diversification. LOLC’s aggressive expansion strategy through cost effective channels has assisted in expanding its reach significantly into newly opened up regional economies and is complemented by the dynamic diversification strategy based on the driving principle that ‘expansion into new areas will increase our specialisation and competitiveness. This strategy draws inspiration from the ‘ORIX-way’ and enables it to sustain Group synergy, professionalism, expertise, technology, innovative products and services and a dynamic corporate culture’.

LOLC is well placed to benefit from the growth of the regional economies and make a significant contribution towards the upliftment of the lives of the people of these areas.