15.

Per Share Data

Reconciliation of the differences between basic and diluted earnings per share (EPS) in the nine months ended December 31, 2010 and 2011 and the three months ended December 31, 2010 and 2011 is as follows:

During the nine months ended December 31, 2010, the diluted EPS calculation excludes stock options for 1,221 thousand shares, as they were antidilutive.

During the nine months ended December 31, 2011, the diluted EPS calculation excludes stock options for 1,049 thousand shares, as they were antidilutive.

During the three months ended December 31, 2010, the diluted EPS calculation excludes convertible bond for 2,493 thousand shares and stock options for 1,122 thousand shares, as they were antidilutive.

During the three months ended December 31, 2011, the diluted EPS calculation excludes stock options for 1,084 thousand shares, as they were antidilutive.

		Three months ended		Three months ended
	Millions of yen
	Nine months ended December 31, 2010		Nine months ended December 31, 2011
Income attributable to ORIX Corporation from continuing operations	¥	44,178	¥	67,914
Effect of dilutive securities—
Expense related to convertible bonds		1,801		1,767

Income from continuing operations for diluted EPS computation	¥	45,979	¥	69,681


	Millions of yen
	Three months ended December 31, 2010		Three months ended December 31, 2011
Income attributable to ORIX Corporation from continuing operations	¥	13,152	¥	23,746
Effect of dilutive securities—
Expense related to convertible bonds		328		589

Income from continuing operations for diluted EPS computation	¥	13,480	¥	24,335


	Thousands of Shares
	Nine months ended December 31, 2010		Nine months ended December 31, 2011
Weighted-average shares		107,487		107,506
Effect of dilutive securities—
Conversion of convertible bonds		24,412		24,411
Exercise of stock options		92		111

Weighted-average shares for diluted EPS computation		131,991		132,028


	Thousands of Shares
	Three months ended December 31, 2010		Three months ended December 31, 2011
Weighted-average shares		107,487		107,511
Effect of dilutive securities—
Conversion of convertible bonds		21,919		24,410
Exercise of stock options		106		112

Weighted-average shares for diluted EPS computation		129,512		132,033


	Yen
	Nine months ended December 31, 2010		Nine months ended December 31, 2011
Earnings per share for income attributable to ORIX Corporation from continuing operations:
Basic	¥	411.01	¥	631.72
Diluted		348.35		527.77

	Yen
	Three months ended December 31, 2010		Three months ended December 31, 2011
Earnings per share for income attributable to ORIX Corporation from continuing operations:
Basic	¥	122.36	¥	220.87
Diluted		104.08		184.31