1980s
ORIX Group's full-scale entry into the real estate business with real estate loans and a single dormitory lease business
In the beginning of the 1980s, ORIX Group began real estate leasing, which had been a part of its financial services, as its housing loan business. Four years later, in 1984, the Group established the Real Estate Headquarters, which was the starting point of today's ORIX Real Estate Corporation. At the time, Japan was experiencing a rapid postwar economic growth period and was on the verge of an economic bubble. In 1986, the Group began its single dormitory lease business in response to the growing demand for dormitories for single employees as a benefit program to attract talented employees during this period of rapid growth for Japanese companies. This marked the Group's full-scale entry into the real estate business. Around this time, Japan entered its bubble economy years, and the Group accumulated expertise in various real estate businesses while preparing for the real estate development and sales business that it would eventually embark on.
Major events
- 1964
- Orient Leasing Co., Ltd. (currently ORIX Corporation) established
- 1978
- Real Estate Sales Department established
- 1980
- Housing loan business started
- 1983
- Mortgage Securities Department established
- 1984
- Real Estate Headquarters established
- 1986
- Single dormitory lease business started
- 1989
- Small-lot sales of domestic real estate started
1990s
Launch of condominium business, participation in facility operation business, and development into operation business for Group’s own-brand facilities
The 1990s began in the midst of a bubble economy, with stock prices soaring and real estate prices rising. However, the bubble burst soon after in 1991, and a period of economic recession that was described as "lost decade" followed. However, even after the bubble burst, ORIX Group continued its solid management by utilizing its extensive investment track record and expertise, and in August 1991, established a hotel operation company, BlueWave Inn Corporation (now ORIX Hotel Management Corporation). In 1993, the Group launched a condominium business and began selling its first condominium, Credo Shintokorozawa, which was converted from a former single dormitory. In 1999, the Group branched out its real estate business to accelerate growth and established ORIX Real Estate Corporation. From there, the Group began full-fledged development of a wide range of real estate businesses, including resort hotels, business hotels, and training facilities.
Major events
- 1991
- BlueWave Inn Corporation (currently ORIX Hotel Management Corporation) established
- 1992
- BlueWave Inn Asakusa, ORIX Group's first business hotel, opened
- 1993
- Sales of Credo Shintokorozawa, ORIX Group's first condominium, started
- 1996
- Rental condominium development business started
- 1996
- Seminar House Cross Wave (currently Cross Wave Funabashi) opened
- 1999
- ORIX Real Estate Corporation established
2000s
Expansion of real estate investment and development business and launch of real estate asset management business leveraging financial expertise
In 2000, ORIX Asset Management Corporation was established, and in 2001, ORIX JREIT Inc. was established and listed on the Tokyo Stock Exchange Real Estate Investment Trust Securities Market the following year as the first diversified real estate investment trust (REIT) in Japan. From this point, ORIX Group began to focus on services for investors, and in 2007, established ORIX Real Estate Investment Advisors Corporation to develop business leveraging its financial expertise. In 2002, the Group entered the logistics facility development business after dealing with logistics facilities in the building lease business. It was also during this period that the Group entered the revitalization business of onsen resorts and hotels on a full scale. In the same year, the Group acquired the long-established Beppu SUGINOI HOTEL, which it had been attempting to rebuild, and began directly managing it in 2008. In 2005, ORIX Corporation invested in DAIKYO INCORPORATED, which later joined ORIX Group. In 2007, the Group opened its own-brand hotels, CROSS HOTEL SAPPORO and CROSS HOTEL OSAKA. The Group acquired facilities of Chofu Driving School Corporation in 2005, and Osaka Dome in 2006. Its real estate development expanded significantly with a variety of real estate businesses, including hotels, condominiums, and logistics facilities.
Major events
- 2000
- ORIX Asset Management Corporation established
- 2001
- Nihon Jisho Corporation (later ORIX Nihon Jisho Corporation, closed in November 2017) and three of its subsidiaries acquired
- 2001
- ORIX JREIT Inc. established
- 2002
- Beppu SUGINOI HOTEL acquired
- 2002
- Logistics facility development business started (Construction of Shinkiba Logistics Park, a first logistics facility developed by ORIX Group, completed in 2005)
- 2003
- KDDI Development Corporation (later ORIX Development Corporation, closed in October 2011) acquired
- 2005
- Capital participation in DAIKYO INCORPORATED
- 2005
- ORIX Living Corporation established (senior housing GOOD TIME LIVING Kobe Tarumi opened in July 2006 and transferred in August 2019)
- 2005
- Chofu Driving School Corporation acquired
- 2006
- Osaka City Dome Co., Ltd. acquired
- 2007
- ORIX Group's own-brand hotels CROSS HOTEL SAPPORO and CROSS HOTEL OSAKA opened
- 2007
- ORIX Real Estate Investment Advisors Corporation established
- 2009
- Construction of CROSS OFFICE SHIBUYA, ORIX Group's first serviced office, completed
2010s
Creation of new value in real estate through multiple business synergies by expanding housing-related businesses
In the 2010s, ORIX Group added business synergies gained from its diverse business development to its accumulated real estate business expertise, maximizing its investment, development, and operational capabilities. In 2013, ORIX Real Estate participated in the development of GRAND FRONT OSAKA, a facility integrating diverse urban functions made possible by 12 private developers (at the time), and has been actively engaging in the facility operation. ORIX Real Estate maximized its expertise in the housing and commercial development businesses, including KNOWLEDGE CAPITAL, a center for the exchange of knowledge between domestic and international industries, governments, and academic institutions. From 2012 to 2017, ORIX Group continued to take on new business challenges with the opening of KYOTO AQUARIUM, SUMIDA AQUARIUM, ORIX Theater, and a serviced office CROSS OFFICE UCHISAIWAICHO. In 2017, the Group opened Hakone Ashinoko HANAORI, its first newly built onsen resort. In 2019, the Group launched ORIX HOTELS & RESORTS as its new business brand for onsen resort and hotel operations, expanding its real estate-related services and operation business.
Major events
- 2011
- ORIX Aquarium Corporation established
- 2011
- CROSS GARDEN KAWASAKI, an environmentally friendly mixed-use commercial facility, opened
- 2012
- Inland aquariums KYOTO AQUARIUM and SUMIDA AQUARIUM opened
- 2012
- ORIX Theater opened
- 2013
- GRAND FRONT OSAKA, a mixed-use facility organically integrating diverse urban functions such as KNOWLEDGE CAPITAL, opened
- 2016
- Construction of office building ORIX Ueno 1-chome Building completed
- 2017
- Hakone Ashinoko HANAORI, ORIX Group's first newly built onsen resort, opened
- 2017
- Global Gate, a mixed-use facility in the Sasashima Live 24 District, opened
- 2019
- ORIX Corporation acquires all shares of DAIKYO INCORPORATED
- 2019
- ORIX HOTELS & RESORTS, a business brand for onsen resort and hotel operations, launched
- 2019
- Construction of Matsubushi Logistics Center, a large-scale multi-tenant logistics facility, completed ORIX Group's first supply of 100% renewable energy-derived power started
2020s
Contribution to the revitalization of local communities and realization of a sustainable society through a wide range of real estate-related businesses
In 2019, ORIX Corporation acquired DAIKYO, in which it has made a capital participation since 2005, as a wholly owned subsidiary of ORIX Group. In January 2020, ORIX Real Estate and DAIKYO began integrated management as the real estate business segment of the Group. In the same year, eight companies operating onsen resorts, hotels, and lodging and training facilities were integrated, and the name of the operation company was changed to ORIX Hotel Management Corporation. In 2021, ORIX Group's real estate business segment established the Sustainability Promotion Policy. The policy has four key themes: "Transition to Carbon-Free," "Environmental Considerations," "Safety, Security, and Comfort," and "Coexistence with Regional Communities," and each business is promoting initiatives in these areas. CROSS GATE KANAZAWA, which was opened in 2020, became the first full-service hotel in Japan to receive LEED certification, and Beppu SUGINOI HOTEL SORA KAN, which was opened in 2023, received the highest CASBEE S-rank and ZEB Oriented certification. By working to solve social issues through its business activities, ORIX Group continues to take on new challenges toward the realization of a more sustainable society.
Major events
- 2020
- Eight companies operating onsen resorts, hotels, and lodging and training facilities (18 facilities) integrated Company name changed to ORIX Hotel Management Corporation
- 2020
- CROSS GATE KANAZAWA opened The first LEED certification for a full-service hotel in Japan received
- 2020
- Hakone Gora KARAKU opened
- 2021
- Beppu SUGINOI HOTEL NIJI KAN opened Construction of the first large-scale renovation project started
- 2021
- Sustainability Promotion Policy for ORIX Group's real estate business segment established
- 2023
- 200 buildings developed cumulatively in the rental condominium development business
