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Exhibit 8.1

LIST OF SUBSIDIARIES

 

Name

  

Country of

Incorporation

  

Principal Business

   ORIX
Voting
Power1
 

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 ICT-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 % 

DHC Corporation

   Japan    Research and Development, Manufacture, and Sale, etc. of Cosmetics and Health Hoods      100 % 

ORIX Eco Services Corporation

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

Elawan Energy S.L.

   Spain    Development and Operation of Wind and Solar Power Generation      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, ICT Leasing, Rentals, Leasing, Commercial Vehicle Loans, Commercial Mortgage Loans      99 % 

ORIX Auto Leasing Taiwan Corporation

   Taiwan    Automobile Leasing      100 % 

Osaka City Dome Co., Ltd.

   Japan    Management and Operation of Multipurpose Halls, and Planning, Production, and Operation of Various Events Including Sports      90 % 

Another 972 Subsidiaries

                  
LIST OF AFFILIATES  

Avolon Holdings Limited

   Ireland    Aircraft Leasing      30 % 

Kansai Airports

   Japan    Airport Operation      40 % 

Another 136 Affiliates

                  

ORIX voting power includes ORIX’s indirect voting power.

 

8.1-1