ORIX Corporation has five core businesses: corporate finance, real estate-related businesses, life insurance, retail finance and international operations. Corporate finance is primarily the provision of financial products and services, including leasing, lending and, more recently, investment banking services, to mainly small and medium-sized enterprises. Real estate-related businesses include the development, management, operation and sale of real estate, in addition to real estate-related finance such as non-recourse loans, commercial mortgage-backed securities, loan servicing and real estate investment trusts. Life insurance includes underwriting and agency sales of life insurance products in Japan. Retail finance is primarily the provision of housing loans and consumer card loans. International operations consist primarily of leasing and lending to corporate customers, real estate-related businesses, investment in securities and loan servicing in 22 markets throughout the world.