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The two companies are studying setting up a holding company and placing the two firms under it as an option, but they are likely to opt for a merger, the business daily said.
The two are in the final stages of discussions towards striking a basic agreement next month.
While Orix's leasing and real estate-related operations are heavily geared towards business customers, Credit Saison focuses on consumer finance via its credit card and consumer credit services, the report said.
Their integration would create Japan's first major nonbank financial group with a sizable presence in both business and consumer markets.
In addition, the integrated unit would have by far the largest asset base among domestic nonbank financial institutions, the Nikkei said.
($1=108.20 yen)
yasuhiko.seki@thomsonreuters.com
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