## Daiwa Securities Makes Boldest Strategic Pivot in a Decade with ¥370 Billion Orix Bank Acquisition
Daiwa Securities Group Inc. is acquiring Orix Corp.'s banking subsidiary for ¥370 billion ($2.3 billion), marking the brokerage's largest transaction in more than a decade and signaling a significant deepening of its commercial lending ambitions. The all-cash deal represents Japan's second-largest securities house making its most consequential move since the global financial crisis, reshaping the competitive landscape of domestic financial services.

The acquisition targets Orix Bank Corp., a wholly owned subsidiary of diversified financial conglomerate Orix Corp. Industry observers note the transaction comes as traditional brokerages face persistent pressure on commission income and as Japan's ultra-low interest rate environment continues to compress margins across the banking sector. Daiwa's push into commercial lending reflects a broader strategic recalibration among Japanese securities firms seeking more stable, fee-based revenue streams.

The deal faces regulatory review and is expected to close by the end of the fiscal year, pending approvals from Japanese financial authorities. Orix Corp. indicated the transaction would allow it to sharpen its focus on its core leasing and asset management operations. The purchase price represents a premium to Orix Bank's book value, according to analysts familiar with the deal structure, suggesting Daiwa values the target's existing loan book and client relationships. The acquisition will be funded through a combination of cash reserves and debt financing, the companies said.
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- **Source**: Bloomberg Markets
- **Sector**: The Vault
- **Tags**: M&A, banking, Japan, Daiwa Securities, Orix Bank
- **Credibility**: unverified
- **Published**: 2026-04-27 08:54:06
- **ID**: 77360
- **URL**: https://whisperx.ai/en/intel/77360