Top ORIX official here

YOSHITAKA Matsuno of ORIX Corporation (ORIX), Japan visited Lanka ORIX Leasing Co Ltd (LOLC) on June 13 to discuss matters of mutual interest and reaffirm ORIX's commitment to LOLC (in which they hold 30% of the equity) on LOLC's 25th anniversary.

Matsuno, who heads the International Business Department of ORIX Corporation, and is based in Tokyo, is one of two Directors of LOLC who are nominated by ORIX.

During the course of his visit, Matsuno met with the Board of Directors, CEOs and senior management of LOLC and all its subsidiaries and associate companies.

Speaking to the LOLC group, Matsuno shared some of the highlights of ORIX's development over its forty year history, which included ORIX's venture into Sri Lanka in 1980, to join with the IFC and the Bank of Ceylon in setting up Lanka ORIX Leasing Company Ltd, the pioneering leasing company in the country.

Apart from a multitude of branches in Japan, ORIX is now established in 40 countries worldwide. Matsuno said that LOLC's success had also significantly contributed to the growth of ORIX Corporation.

The LOLC group in turn presented the progress, and future plans, of each of its companies. This facilitated discussions on how the synergies between the LOLC group and ORIX Corporation could be further enhanced both locally and globally.

Makoto Shioda, who is ORIX's nominee as an Alternate Director and who is based in Singapore also visited LOLC with Mr. Matsuno.