Tokyo, Japan-based financial service provider ORIX Corporation (IX) reported its bottom line growth in the fiscal third quarter (ended December 31, 2022). Net income attributable to IX shareholders grew 38.6% year-over-year to ¥89.61 billion ($666.42 million). Earnings per share for net income attributable to IX shareholders came in at ¥76.30, up 41.3% year-over-year.
In addition, analysts are expecting substantial topline growth as the Japanese financial sector is forecasted to be stable. For the fiscal fourth quarter (ended March 2023), its revenue is expected to increase 12.8% year-over-year to $5.66 billion. Let’s take a look at ORIX's key financial metrics to understand why the stock may be a good investment.
