TOKYO, Japan - October 4, 2023 - ORIX Corporation hereby announces the status regarding its share repurchase pursuant to the provisions of its Articles of Incorporation and Article 459, Paragraph 1 of the Companies Act, which was resolved at its Board of Directors meeting held on May 10, 2023, as follows.
1. Class of shares repurchased
Common shares
2.
Total number of shares repurchased
1,990,300 shares
3.
Total purchase price of shares repurchased
JPY 5,703,906,800
4.
Repurchase Period
September 1, 2023 - September 30, 2023
5.
Method of share repurchase
Market purchases based on the discretionary dealing
contract regarding repurchase of own shares
(Reference)
1.
Details of the resolution reached at the Board of Directors meeting held on May 10, 2023
(1) Class of shares to be repurchased
Common shares
(2) Total number of shares to be repurchased
Up to 40,000,000 shares
(approx.3.4% of the total outstanding shares (excluding
treasury shares))
Total purchase price of shares
to be repurchased
Up to 50 billion yen
(4)
Repurchase Period
From May 17, 2023 to March 31, 2024
(5)
Method of share repurchase
Market purchases based on the discretionary dealing
contract regarding repurchase of own shares
2. Cumulative number of shares repurchased based on the above resolution at the Board of Directors Meeting (as of September 30, 2023)
(1)
Total number of shares repurchased
12,108,000 shares
(2)
Total purchase price of shares repurchased
JPY 31,474,044,350
Contact Information:
Investor Relations and Sustainability Department
ORIX Corporation
Tel: +81-3-3435-3121
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, 2023)
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, 2022 - March 31, 2023" furnished on Form 6-K.
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ORIX Corporation published this content on 04 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2023 06:45:15 UTC.
ORIX Corporation is a financial services group organized around 9 business divisions:
- life insurance (19.3% of net sales);
- corporate financial services (17.6%): leasing and rental of automobiles, IT-related and technological equipment;
- development, management and promotion of real estate assets (15.5%);
- private equity investment (15.3%);
- asset and investment fund management in Europe (8.8%);
- capital markets and investment banking in the United States (6.4%);
- finance and investment banking in Asia and Australia (5.9%);
- retail banking and consumer finance (3.4%);
- aircraft and ship leasing and financing (1.5%).
The balance of net sales (6.3%) relates to energy and environmental activities (renewable energy production, electricity distribution, sale of solar panels and electricity storage systems, recycling and waste management).