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Exhibit 8.1

LIST OF SUBSIDIARIES

 

Name

   Country of
Incorporation
 

Principal Business

   ORIX
Voting
Power*
 

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 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 % 

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 % 

Santoku Holdings Corporation

   Japan   Ship-Owner Business and Ship Management      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   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 Corporation India 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 1,138 Subsidiaries

                 

*1 ORIX voting power includes ORIX’s indirect voting power.

*2 ORIX Auto Infrastructure Services Limited, one of the Company’s subsidiaries, changed its name to ORIX Corporation India Limited on November 15, 2024.

 

8.1-1


LIST OF AFFILIATES

 

Name

   Country of
Incorporation
  

Principal Business

   ORIX
Voting
Power*
 

Kansai Airports

   Japan    Airport Operation      40 % 

ORIX Credit Corporation

   Japan    Consumer Finance Services      34 % 

Avolon Holdings Limited

   Ireland    Aircraft Leasing      30 % 

Another 121 Affiliates

                  

 

*1

ORIX voting power includes ORIX’s indirect voting power.

*2

ORIX Credit Corporation, one of the Company’s affiliates, changed its name to DOCOMO Finance, Inc on April 1,2025.

 

8.1-2