NTT DOCOMO, INC. agreed to acquire 66% stake in ORIX Credit Corporation from ORIX Corporation (TSE:8591) on March 6, 2024. As per the transaction, NTT DOCOMO, INC. will acquire 5.18 million shares of ORIX Corporation. The transaction is expected to close on March 29, 2024.

As of March 31, 2023, ORIX Credit Corporation generated net assets of ¥54.2 billion, total assets of ¥195.8 billion, sales of ¥32.5 billion, operating profit of ¥6.9 billion and net income of ¥5.3 billion. BofA Securities Japan Co., Ltd. acted as financial advisor to ORIX Corporation.