Our connection with the ORIX Corporation in Japan, is one of shared values that embodies the deep rooted historical ties between Japan and Sri Lanka.
Established as Orient Leasing Company in Osaka, Japan in 1964, the ORIX brand is known to be the vanguard in Japan’s leasing industry. What followed was three decades of steady growth, which saw the company expand it's presence both in Japan as well as internationally. The company was then re-registered as ORIX Corporation in 1989 to signify the expansion of the business scope beyond leasing and into other aspects of the financial services business. Since then, meticulous strategic planning, willingness to innovate, and the commitment to expand the geographical footprint have been the key growth drivers that have set the company apart from its peers.
Over the years, the company has expanded its portfolio and widened the number of revenue channels but has nevertheless stayed within the boundaries of the financial services realm in order to leverage on core competencies. In addition to the core leasing business, the ORIX brand is now linked to insurance, corporate rehabilitation, loan servicing, real estate, specialised financial services, investment and retail banking and value added services.
Now a global conglomerate listed on the Tokyo and New York Stock Exchanges, the ORIX Corporation consists of 766 consolidated subsidiaries and 115 affiliates, with a total of 1,358 offices in Japan and a further 554 locations across the globe including, the United States, Asia, Oceania, Europe, the Middle East and Africa.
Following the ORIX Corporation’s decision to expand their footprint in the Asia and Oceania region, the connection with Sri Lanka was established in 1980 and the Lanka ORIX Leasing Company (LOLC) was registered on 14th March 1980.
Since then, LOLC has grown in strength and stature, benefitting from the shared knowledge, expertise and insights into the ORIX Corporation value culture. However, it is the ORIX brand value that has been the cornerstone of LOLC’s success story.
Since inception, ORIX Corporation too has continued its active engagement in this success story with a 30% shareholding, making them the main investment partner, with two senior executives of ORIX Japan present on the LOLC Board. LOLC has always been an innovative Company, but thanks to the synergies derived from the connection with ORIX, LOLC is today one of Sri Lanka’s leading conglomerates with interests in a diverse portfolio of businesses in several thrust areas of the economy.
And it is the expertise, best practices, governance standards, stability and wisdom of ORIX that has made LOLC a legend in Sri Lanka’s corporate sector.
In recognition of the commitment to enacting the ORIX Corporation vision, LOLC has been bestowed with a series of accolades including “Outstanding Performance amongst ORIX Companies” and “Excellent Performance in Overseas Operations”, among others.
Moving forward, the LOLC Group remains fully committed to refine its alignment with ORIX strategies and will continuously strive to fulfil the high standard of business excellence set by ORIX Corporation.
Established in 1964, in the year of the Tokyo Olympics with a capital of 100 million yen and just 13 employees, the ORIX Group is the pioneer of the leasing industry in Japan. Since then, ORIX has remained on the leading edge of financial innovation and have continued to adapt to diversifying customer needs and changing economic conditions.
Today, the ORIX Group has grown into a unique global company unlike any other, with approximately 31,000 employees, approximately 2.15 trillion yen shareholder equity and operations spanning 36 countries and regions around the globe. The Group is made up of 766 consolidated subsidiaries and 115 affiliates, with a total of 1,358 offices in Japan and another 554 locations in the United States, Asia, Oceania, Europe, the Middle East and Africa. It is listed on the Tokyo and New York Stock Exchanges.
The ORIX Group hopes to further expand its existing businesses by leveraging on its strength and expertise and aim to scale up non-finance businesses through continuous investment in key areas, such as environment and energy, asset management, principal investment and Asia.
ORIX's mission lies in contributing to society while revitalizing economy with creation of new markets and value through means of finance and services. The ORIX Group will continue to create new value by repeating innovation based on its unique business model and with its brand slogan, “Answers, Custom Fit.”
Lanka ORIX Leasing Company (LOLC) is regarded as one of the most successful ventures under the ORIX aegis and the company has won many internal awards over the years for ‘outstanding performance among ORIX companies’ and ‘excellent performance in the overseas operations category’. We are honoured by the most recent accolade we received from ORIX Japan, for “Excellent Performance in the Overseas Operations category for 2014/15”. LOLC Group’s relationship with ORIX continues to thrive and sustain growth in shareholder value as LOLC continues to benefit from the expertise, best practices, governance standards, stability and wisdom of ORIX.
Since inception, the ORIX Corporation has continued its active engagement in the success story of LOLC with a 30% shareholding making it the main investment partner. The ORIX Corporation is represented on the LOLC board by two senior executives of ORIX Japan. Today LOLC is one of Sri Lanka’s leading conglomerates with a diverse portfolio of businesses in several thrust areas of the economy and our partnership with ORIX Japan will continue to inspire us to seek excellence in all that we do.
For more information on the ORIX Group, please visit http://www.orix.co.jp/grp/en/
Lanka ORIX Leasing Company received a special award from ORIX Japan for “Excellent Performance in the Overseas Operations category” for 2014/15.