Acquisitions and Divestitures

6 Months Ended

Sep. 30, 2024

4.	Acquisitions and Divestitures

(1) Acquisitions

There were no material acquisitions during the six months ended September 30, 2023

and

2024.

(2) Divestitures

Gains on sales of subsidiaries and equity method investments and liquidation losses, net for the six months ended September 30, 2023 and 2024 amounted to ¥3,628 million and ¥31,503 million, respectively. Gains on sales of subsidiaries and equity method investments and liquidation losses, net for the six months ended September 30, 2023 mainly consisted of ¥229 million in Environment and Energy segment, ¥929 million in ORIX USA segment and ¥2,502

million in ORIX Europe segment. Gains on sales of subsidiaries and equity method investments and liquidation losses, net for the six

months ended September 30, 2024 mainly consisted of ¥

4,754

million in Corporate Financial Services and Maintenance Leasing segment, ¥

19,086

million in PE Investment and Concession segment, ¥(810

) million in Environment and Energy segment, ¥

1,019

million in Aircraft and Ships segment and ¥

7,547

million in ORIX USA seg

ent.