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Trading in shares of the nonbank financial institutions will resume once they make an announcement, which is expected in 30 minutes, the TSE said in a statement.
The Nikkei newspaper reported on Tuesday, without citing sources, that the two companies 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.
The integration would create Japan's first major nonbank financial group with a sizable presence in both the 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=108.17 yen)
yasuhiko.seki@thomsonreuters.com
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