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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 and Sales of Used Automobiles      100 % 

ORIX Rentec Corporation

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

Yodogawa Transformer Co., Ltd.

   Japan   Manufacturing, Rental, and Sales of Power Receiving, Transforming, and Generating Facilities and Equipment, Various Types of Transformers, Cubicles, etc.      100 % 

ORIX Asset Management & Loan Services Corporation

   Japan   Loan Servicing      100 % 

ORIX Real Estate Corporation

   Japan   Real Estate Investment, Development, Rental, Facility Operation and Management      100 % 

ORIX Real Estate Investment Advisors Corporation

   Japan   Real Estate Investment and Advisory Services      100 % 

ORIX Asset Management Corporation

   Japan   Asset Management of J-REIT      100 % 

DAIKYO INCORPORATED

   Japan   Housing Development and Sales, Redevelopment      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 Life Insurance Corporation

   Japan   Life Insurance      100 % 

ORIX Bank Corporation

   Japan   Banking      100 % 

ORIX Credit Corporation

   Japan   Consumer Finance Services      100 % 

ORIX Aviation Systems Limited

   Ireland   Aircraft Leasing, Aircraft Asset Management      100 % 

ORIX Corporation USA

   U.S.A.   Financial Services      100 % 

ORIX Corporation Europe N.V.

   Netherlands   Asset Management      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 % 

Osaka City Dome Co., Ltd.

   Japan   Multipurpose Hall Management      90 % 

Another 863 Subsidiaries

                 
LIST OF AFFILIATES

 

Avolon Holdings Limited

   Ireland   Aircraft Leasing      30 % 

Kansai Airports

   Japan   Airport Operation      40 % 

Another 132 Affiliates

                 

ORIX voting power includes ORIX’s indirect voting power.

 

8.1-1