Look at Orix's move into Joint Corp. today! Orix announced that it will make an equity contribution and debt arrangement into Joint Corp., a Tokyo-based beleaguered developer and asset manager. Orix said that this investment is Orix's principal one. The share price of Joint has sharply fallen down over the past year and is rumored to be faced up with financial difficulties.
This is a definitely bold move; however, Orix is well-known as savvy investor and surely views that the bottom in the market is coming near or that the worst was over. Joint is a good firm with its development and asset management functions. I also believe that Orix must have assessed the assets under Joint's management in a positive manner. With these arrangement to kick in, Joint may survive the current difficult market conditions and move forwards.
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