Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  ORIX CORPORATION    8591   JP3200450009

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

ORIX CORPORATION : First Japanese Mega-Solar Power Plant on a Former Airport Site

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/27/2012 | 08:53am CEST
First Japanese Mega-Solar Power Plant on a Former Airport Site
- ORIX and Kyudenko team up to promote mega-solar power generation in Kyushu -

TOKYO, Japan - November 27, 2012 - ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, and Kyudenko Corporation today announced the joint launch of a large-scale solar power generation (mega-solar) business on the Japanese island of Kyushu, as part of a strategic partnership.

This initial project will see the installation of a mega-solar power plant with maximum output of 8.5 MW on the former site of Makurazaki Airport (Makurazaki City, Kagoshima Prefecture). This project is the first time in Japan that a former airport site has been utilized for a mega-solar power operation.

Makurazaki Airport opened in January 1991 as Japan's first commuter airport. In light of mounting annual budget deficits for the management and operation of the airport, as well as future fiscal policy and the financial burden faced by residents, Makurazaki City decided to shutter the airport at the end of fiscal 2012 and lease the site to a mega-solar operator.

Following the selection for the project, ORIX and Kyudenko have agreed to work jointly to develop the mega-solar power plant. Several local social contribution measures are also slated. These will include using the terminal building as a space for touring the plant, as well as the installation of environmental education facilities to show how solar power works and an astronomical observatory.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ORIX CORPORATION
10/16 ORIX : Less Than 10 Days Left to Register & Reserve Your Seat for Demystifying t..
10/10 BASEBALL : Pacific League standings (Oct. 10)
10/09 BASEBALL : Japanese baseball linescores (Oct. 9)
10/09 BASEBALL : Pacific League standings (Oct. 9)
10/08 BASEBALL : Pacific League standings (Oct. 8)
10/08 BASEBALL : Buffaloes hurler Hirano eyeing move to majors
10/08 RAKUTEN : Sports schedule for Monday, Oct. 9, and Tuesday Oct. 10
10/07 BASEBALL : Pacific League standings (Oct. 7)
10/07 BASEBALL : Adachi drives in 3 runs as Eagles blank Buffaloes
10/07 BASEBALL : Japanese baseball linescores (Oct. 7)
More news
News from SeekingAlpha
09/16 ORMAT TECHNOLOGIES : 22% Equity Stake By ORIX A Positive Development - But Is It..
08/01 Where Have The Low P/E Stocks Gone? Here Are Five To Consider
07/31 Orix Corporation 2017 Q1 - Results - Earnings Call Slides
07/31 Orix reports Q2 results
07/27 Action In Asia-Pacific Renewable Energy As Equis Energy Up For Sale
Financials ( JPY)
Sales 2018 2 823 B
EBIT 2018 -
Net income 2018 299 B
Debt 2018 -
Yield 2018 3,08%
P/E ratio 2018 8,24
P/E ratio 2019 7,94
Capi. / Sales 2018 0,90x
Capi. / Sales 2019 0,87x
Capitalization 2 536 B
Chart ORIX CORPORATION
Duration : Period :
ORIX CORPORATION Technical Analysis Chart | 8591 | JP3200450009 | 4-Traders
Technical analysis trends ORIX CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 2 187  JPY
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Makoto Inoue President, Chief Executive Officer & Director
Yoshihiko Miyauchi Senior Chairman
Kazuo Kojima CFO, Director & Representative Executive VP
Tamio Umaki Director, Chief Information Officer & GM-Personnel
Robert A. Feldman Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ORIX CORPORATION4.82%22 675
ALLY FINANCIAL INC27.02%10 868
CREDIT ACCEPTANCE CORP.30.09%5 464
PNB HOUSING FINANCE LTD.77.93%3 833
BANCA IFIS SPA83.96%3 042
ONESAVINGS BANK PLC16.42%1 272