ORIX : Current Report by Foreign Issuer (Form 6-K)

Form 6-K Table of Contents

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2022

Commission File Number: 001-14856

ORIX Corporation

(Translation of Registrant's Name into English)

World Trade Center Bldg., SOUTH TOWER, 2-4-1 Hamamatsu-cho, Minato-ku,

Tokyo, JAPAN

(Address of Principal Executive Offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F ☒ Form40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

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Material Contained in this Report

1.	English press release entitled, "Partial Amendments to Consolidated Financial Results April 1, 2021 - March 31, 2022."

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	ORIX Corporation
Date: May 25, 2022		By		/s/ Hitomaro Yano
		Hitomaro Yano
		Executive Officer Head of Treasury and Accounting Headquarters

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Partial Amendments to Consolidated Financial Results April 1, 2021 - March 31, 2022

TOKYO, Japan - May 25, 2022 - ORIX Corporation has amended a part of the Consolidated Financial Results April 1, 2021 - March 31, 2022, which was first announced on May 11, 2022. The amendment is as following.

1. Reason for the amendment

Due to an accounting process error for an ongoing project, there was a discrepancy in an account title in the Condensed Consolidated Balance Sheets as of March 31, 2022, which has now been amended.

2. Amended part

Property under Facility Operations, listed in the Condensed Consolidated Balance Sheets as of March 31, 2022, increased 9,885 million yen from 551,961 million yen to 561,846 million yen. Other Assets (Advances for Property under Facility Operations) reduced by the same amount from 1,742,264 million yen to 1,732,379 million yen.

*	The amended part is underlined.

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3. Financial Information

(1) Condensed Consolidated Balance Sheets (Unaudited)

Before correction

					(millions of yen)
		As of March 31, 2021			As of March 31, 2022
Assets
Cash and Cash Equivalents			951,242				954,827
Restricted Cash			128,333				136,985
Net Investment in Leases			1,029,518				1,057,973
Installment Loans			3,670,784				3,862,604
The amounts which are measured at fair value by electing the fair value option are as follows:
March 31, 2021		¥63,272 million
March 31, 2022		¥151,601 million
Allowance for Credit Losses			(78,945	)			(69,459	)
Investment in Operating Leases			1,408,189				1,463,202
Investment in Securities			2,660,443				2,852,349
The amounts which are measured at fair value by electing the fair value option are as follows:
March 31, 2021		¥9,384 million
March 31, 2022		¥19,353 million
The amounts which are associated to available-for-sale debt securities are as follows:
March 31, 2021
Amortized Cost		¥2,026,767 million
Allowance for Credit Losses		¥(120) million
March 31, 2022
Amortized Cost		¥2,276,425 million
Allowance for Credit Losses		¥(153) million
Property under Facility Operations			491,855				551,961
Investment in Affiliates			887,764				978,033
Trade Notes, Accounts and Other Receivable			354,334				359,949
Inventories			142,156				139,563
Office Facilities			246,399				240,421
Other Assets			1,671,010				1,742,264
The amounts which are measured at fair value by electing the fair value option are as follows:
March 31, 2021		¥6,297 million
March 31, 2022		¥5,214 million
Total Assets			13,563,082				14,270,672
Liabilities and Equity
Short-term Debt			307,269				439,639
Deposits			2,317,785				2,276,158
Trade Notes, Accounts and Other Payable			260,712				291,422
Policy Liabilities and Policy Account Balances			1,822,422				1,963,623
The amounts which are measured at fair value by electing the fair value option are as follows:
March 31, 2021		¥266,422 million
March 31, 2022		¥198,905 million
Current and Deferred Income Taxes			363,460				461,181
Long-term Debt			4,416,833				4,427,046
Other Liabilities			971,457				1,040,202
Total Liabilities			10,459,938				10,899,271
Commitments and Contingent Liabilities
Common Stock			221,111				221,111
Additional Paid-in Capital			259,361				260,479
Retained Earnings			2,744,588				2,909,317
Accumulated Other Comprehensive Income (Loss)			(84,650	)			(16,041	)
Treasury Stock, at Cost			(111,954	)			(113,447	)
Total ORIX Corporation Shareholders' Equity			3,028,456				3,261,419
Noncontrolling Interests			74,688				109,982
Total Equity			3,103,144				3,371,401
Total Liabilities and Equity			13,563,082				14,270,672

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After correction

		(millions of yen)
		As of March 31, 2021			As of March 31, 2022
Assets
Cash and Cash Equivalents			951,242				954,827
Restricted Cash			128,333				136,985
Net Investment in Leases			1,029,518				1,057,973
Installment Loans			3,670,784				3,862,604
The amounts which are measured at fair value by electing the fair value option are as follows:
March 31, 2021		¥63,272 million
March 31, 2022		¥151,601 million
Allowance for Credit Losses			(78,945	)			(69,459	)
Investment in Operating Leases			1,408,189				1,463,202
Investment in Securities			2,660,443				2,852,349
The amounts which are measured at fair value by electing the fair value option are as follows:
March 31, 2021		¥9,384 million
March 31, 2022		¥19,353 million
The amounts which are associated to available-for-sale debt securities are as follows:
March 31, 2021
Amortized Cost		¥2,026,767 million
Allowance for Credit Losses		¥(120) million
March 31, 2022
Amortized Cost		¥2,276,425 million
Allowance for Credit Losses		¥(153) million
Property under Facility Operations			491,855				561,846
Investment in Affiliates			887,764				978,033
Trade Notes, Accounts and Other Receivable			354,334				359,949
Inventories			142,156				139,563
Office Facilities			246,399				240,421
Other Assets			1,671,010				1,732,379
The amounts which are measured at fair value by electing the fair value option are as follows:
March 31, 2021		¥6,297 million
March 31, 2022		¥5,214 million
Total Assets			13,563,082				14,270,672
Liabilities and Equity
Short-term Debt			307,269				439,639
Deposits			2,317,785				2,276,158
Trade Notes, Accounts and Other Payable			260,712				291,422
Policy Liabilities and Policy Account Balances			1,822,422				1,963,623
The amounts which are measured at fair value by electing the fair value option are as follows:
March 31, 2021		¥266,422 million
March 31, 2022		¥198,905 million
Current and Deferred Income Taxes			363,460				461,181
Long-term Debt			4,416,833				4,427,046
Other Liabilities			971,457				1,040,202
Total Liabilities			10,459,938				10,899,271
Commitments and Contingent Liabilities
Common Stock			221,111				221,111
Additional Paid-in Capital			259,361				260,479
Retained Earnings			2,744,588				2,909,317
Accumulated Other Comprehensive Income (Loss)			(84,650	)			(16,041	)
Treasury Stock, at Cost			(111,954	)			(113,447	)
Total ORIX Corporation Shareholders' Equity			3,028,456				3,261,419
Noncontrolling Interests			74,688				109,982
Total Equity			3,103,144				3,371,401
Total Liabilities and Equity			13,563,082				14,270,672

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Contact Information:

Investor Relations and Sustainability Department

ORIX Corporation

Tel: [phone]

About ORIX:

ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses.

Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile related, real estate and environment and energy related businesses. Since entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 28 countries and regions across the world.

Going forward, ORIX intends to utilize its strengths and expertise, which generate new value, to establish an independent ORIX business model that continues to evolve perpetually. In this way, ORIX will engage in business activities that instill vitality in its companies and workforce, and thereby contribute to society. For more details, please visit our website: https://www.orix.co.jp/grp/en/

(As of March 31, 2022)

Caution Concerning Forward Looking Statements:

These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results that differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under "Risk Factors" in the Company's annual report on Form 20-F filed with the United States Securities and Exchange Commission and under "(4) Risk Factors" of the "1. Summary of Consolidated Financial Results" of the "Consolidated Financial Results April 1, 2021 - March 31, 2022."

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