Japan's Orix to focus on optimizing its portfolio over scale: CEO

A lower credit rating would cause borrowing costs to surge, Makoto Inoue says

2025206N Orix

After rapidly expanding its assets, Orix is rethinking its financial strategy. (Photo by Kosuke Imamura)

NATSUMI IWATA

TOKYO -- Japanese financial services group Orix has decided to pivot from scale and focus on profitability after nearly doubling its assets to 16 trillion yen ($105 billion) over a decade. CEO Makoto Inoue, who also became chairman in January, elaborated on the plan in an interview with Nikkei.

Edited excerpts from the interview follow.

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