November 24, 2006
FOR IMMEDIATE RELEASE
Contact Information: ORIX Corporation Corporate Communications Raymond Spencer or Yui Takamatsu Tel: +81-3-5419-5042 Fax: +81-3-5419-5901 E-mail: orixir@orix.co.jp URL: www.orix.co.jp/index_e.htm ORIX Auto Corporation ORIX Auto Announces Business Cooperation with SOMPO JAPAN INSURANCE INC. for Auto Insurance Sales to “My Car Lease” Customers TOKYO, Japan – November 24, 2006 – ORIX Auto Corporation agreed on a business cooperation with SOMPO JAPAN INSURANCE INC. (SOMPO JAPAN) to provide auto insurance sales to its “My Car Lease” customers. Through this business cooperation, the two companies have established a system directly linking ORIX Auto Corporation’s “My Car Lease Desk,” which handles “My Car Lease” inquiries, and “SOMPO JAPAN Call Center,” which handles insurance-related inquires. ORIX Auto Corporation has been focusing on broadening the market for “My Car Lease,” and by promoting the basic understanding of its customers the Company expects to expand the number of “My Car Lease” contracts with insurance. Utilizing SOMPO JAPAN’s specialized staff of providing fair and equal insurance information to customers, a call center for ORIX Auto Corporation has been set up within SOMPO JAPAN. Through a solid information link, and realizing comprehensive support to its customers, the Company aims to expand auto insurance sales to its “My Car Lease” customers. Such a business cooperation utilizing call center linkage is one-of-a-kind, and going forward, ORIX Auto Corporation looks to expand its operations to its corporate customers as well. *ORIX Auto Corporation has requested SOMPO JAPAN to develop insurance products suitable for leasing schemes, and has partnered in developing new insurance and guaranteed products in the past. Released in March 1999, “LAP,” an auto insurance for leased vehicles, has received much acclaim as a new type of insurance meeting the needs of customers, and has resulted in other insurance companies offering similar products. In addition, the Company’s original auto insurance, “Guard2,” aimed at “My Car Lease” customers, was also released in January 2005.
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About ORIX ORIX Corporation (TSE: 8591; NYSE: IX) is an integrated financial services group based in Tokyo, Japan, providing innovative value-added products and services to both corporate and retail customers. With operations in 23 countries and regions worldwide, ORIX’s activities include corporate financial services, such as leases and loans, as well as automobile operations, rental operations, real estate-related finance, real estate, life insurance, and investment banking. For more details, please visit our website at: www.orix.co.jp/grp/index_e.htm These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and those described under “Business Risk” of the securities report (yukashoken houkokusho) filed with the Director of the Kanto Local Finance Bureau. -end-