Daiwa acquires Orix Bank in $2.3 billion deal to expand commercial lending

7 articles · Updated · Bloomberg · Apr 27

Daiwa Securities Group will purchase Orix Bank Corp. for ¥370 billion, its largest acquisition in over ten years, using its own funds.
The Tokyo-based brokerage expects the transaction to close by October, aiming to strengthen its position in Japan’s commercial lending market.
This move reflects Daiwa’s strategy to diversify beyond traditional brokerage services and signals increased competition among Japanese financial institutions seeking growth in lending.

Is Daiwa's largest deal in a decade the opening move in a new M&A frenzy across corporate Japan?

With Japan's interest rates at a 30-year high, will this acquisition prove to be perfectly timed or a painful miscalculation?

As securities firms push into banking, are Japan's financial giants on a collision course for a winner-take-all battle?

Can Daiwa merge two banks into a digital powerhouse, or will it just create a larger, slower legacy institution?

Why is Orix selling its profitable bank now, and what does its pivot to green energy reveal about Japan's future?