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Exhibit 8.1

LIST OF SUBSIDIARIES

 

Name

   Country of
Incorporation
  

Principal Business

   ORIX
Voting

Power1
 

Yayoi Co., Ltd.

   Japan    Development, Marketing, and Support of Business Management Software and Related Services      99

ORIX Auto Corporation

   Japan    Automobile Leasing, Rental, Car Sharing, Sales of Used Automobiles      100

ORIX Rentec Corporation

   Japan    Rental and Leasing of Test and Measurement Instruments and IT-Related Equipment      100

ORIX Real Estate Corporation

   Japan    Real Estate Rental, Facilities Operation and Management      100

ORIX Real Estate Investment Advisors Corporation

   Japan    Real Estate Investment and Advisory Services      100

Osaka City Dome Co., Ltd.

   Japan    Multipurpose Hall Management      90

ORIX Asset Management Corporation

   Japan    Asset Management of J-REIT      100

DAIKYO INCORPORATED

   Japan    Real Estate Development and Sales, Urban Development      100

ORIX Eco Services Corporation

   Japan    Trading of Recycled Metals and other Resources, Collection and Transportation of Industrial Waste, and Intermediate Waste Processing      100

ORIX Asset Management & Loan Services Corporation

   Japan    Loan Servicing      100

NET JAPAN Co., Ltd

   Japan    Purchases and Sales of Precious Metals (gold, silver, platinum and palladium) and Purchases and Refining of Precious Metals Scraps      99

ORIX Life Insurance Corporation

   Japan    Life Insurance      100

ORIX Bank Corporation

   Japan    Banking      100

ORIX Credit Corporation

   Japan    Consumer Finance Services      100

ORIX Corporation USA

   U.S.A.    Financial Services      100

ORIX Corporation Europe N.V.

   Netherlands    Asset Management      100

ORIX Aviation Systems Limited

   Ireland    Aircraft Leasing, Asset Management, Aircraft-Related Technical Services      100

ORIX Asia Limited

   China
(Hong Kong)
   Leasing, Automobile Leasing, Lending, Banking      100

ORIX Leasing Malaysia Berhad

   Malaysia    Leasing, Lending      100

PT. ORIX Indonesia Finance

   Indonesia    Leasing, Automobile Leasing      85

ORIX Australia Corporation Limited

   Australia    Automobile Leasing and Truck Rentals      100

ORIX (China) Investment Co., Ltd.

   China    Leasing, Equity Investment, Other Financial Services      100

ORIX Capital Korea Corporation

   South Korea    Automobile Leasing, Leasing, Lending      100

Thai ORIX Leasing Co., Ltd

   Thailand    Leasing, Automobile Leasing and Rentals      96

ORIX Auto Infrastructure Services Limited

   India    Automobile Leasing, Rentals, Leasing, Commercial Vehicle Loans, Commercial Mortgage Loans      99

Another 858 Subsidiaries

                  
LIST OF AFFILIATES

 

Avolon Holdings Limited

   Ireland    Aircraft Leasing      30

Another 197 Affiliates

                  

ORIX voting power includes ORIX’s indirect voting power.

 

8.1-1