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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