-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WAIRKXmbHdl5pGYqznEcGwabfI6bxe9P6isJasFgqOk20RKD4wkvJUMfd3O1Omm0 703427NhLAvWz5vFVC1GwQ== 0001193125-06-135420.txt : 20060626 0001193125-06-135420.hdr.sgml : 20060626 20060626083709 ACCESSION NUMBER: 0001193125-06-135420 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060626 FILED AS OF DATE: 20060626 DATE AS OF CHANGE: 20060626 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ORIX CORP CENTRAL INDEX KEY: 0001070304 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159] IRS NUMBER: 000000000 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14856 FILM NUMBER: 06923492 BUSINESS ADDRESS: STREET 1: MITA NN BLDG. STREET 2: 4-1-23 SHIBA, MINATO-KU CITY: TOKYO STATE: M0 ZIP: 105 6135 BUSINESS PHONE: 81354195000 MAIL ADDRESS: STREET 1: MITA NN BLDG. STREET 2: 4-1-23 SHIBA, MINATO-KU CITY: TOKYO STATE: M0 ZIP: 105 6135 6-K 1 d6k.htm FORM 6-K Form 6-K
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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 June, 2006.

 


ORIX Corporation

(Translation of Registrant’s Name into English)

 


Mita NN Bldg., 4-1-23 Shiba, Minato-Ku,

Tokyo, 108-0014, 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  x        Form 40-F  ¨

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

 

Yes  ¨    No  x

 



Table of Contents

Table of Documents Filed

 

     Page

1.       Partial amendments to Consolidated Financial Results for fiscal 2006 filed with the Tokyo Stock Exchange on Friday, June 23, 2006.

    


Table of Contents

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: June 26, 2006   By  

 /s/ Shunsuke Takeda

 

         Shunsuke Takeda
         Director
         Vice Chairman and CFO
         ORIX Corporation


Table of Contents

2006/6/23

Corporate Communications

ORIX Corporation

Mita NN Bldg., 4-1-23 Shiba, Minato-ku, Tokyo 108-0014

JAPAN

Tel: +81-3-5419-5102      Fax: +81-3-5419-5901

E-mail: raymond_spencer@orix.co.jp

Partial amendments to Consolidated Financial Results for fiscal 2006

ORIX Corporation has amended a part of the consolidated financial results for fiscal 2006, which we announced at May 12, 2006.

The figures underlined are amended.

Partial Amendments:

Condensed Consolidated Statements of Cash Flows (For the Years Ended March 31, 2006 and 2005)

(Partial amendments to Consolidated Financial Results for fiscal 2006 p.21)

 

1


Table of Contents

[ Before amendment ]

Condensed Consolidated Statements of Cash Flows

(For the Years Ended March 31, 2006 and 2005)

(Unaudited)

 

     (millions of JPY, millions of US$)  
     Year ended
March 31,
2006
    Year ended
March 31,
2005
    U.S. dollars
March 31,
2006
 

Cash Flows from Operating Activities:

      

Net income

   166,388     91,496     1,416  

Adjustments to reconcile net income to net cash provided by operating activities:

      

Depreciation and amortization

   136,621     132,158     1,163  

Provision for doubtful receivables and probable loan losses

   16,480     39,513     140  

Decrease in policy liabilities

   (47,172 )   (41,902 )   (401 )

Gains from securitization transactions

   (7,139 )   (12,520 )   (61 )

Equity in net income of affiliates

   (32,080 )   (20,043 )   (274 )

Gains on sales of subsidiaries and affiliates and liquidation loss

   (2,732 )   (3,347 )   (23 )

Minority interests in earnings of subsidiaries, net

   (3,257 )   (2,474 )   (28 )

Gains on sales of available-for-sale securities

   (10,401 )   (14,761 )   (89 )

Gains on sales of real estate under operating leases

   (8,970 )   (1,554 )   (76 )

Gains on sales of operating lease assets other than real estate

   (7,184 )   (4,746 )   (61 )

Write-downs of long-lived assets

   8,336     11,713     71  

Write-downs of securities

   4,540     4,930     39  

Increase in restricted cash

   (119,202 )   (17,517 )   (1,015 )

Increase in trading securities

   (9,091 )   (21,430 )   (77 )

Increase in inventories

   (56,596 )   (21,906 )   (482 )

Increase in prepaid expenses

   (2,316 )   (975 )   (20 )

Increase in accrued expenses

   2,755     8,255     24  

Increase in security deposits

   48,597     19,567     414  

Other, net

   58,426     (17,990 )   498  
                  

Net cash provided by operating activities

   136,003     126,467     1,158  
                  

Cash Flows from Investing Activities:

      

Purchases of lease equipment

   (1,136,538 )   (942,489 )   (9,675 )

Principal payments received under direct financing leases

   670,781     633,724     5,710  

Net proceeds from securitization of lease receivables, loan receivables and securities

   193,030     191,976     1,643  

Installment loans made to customers

   (1,834,192 )   (1,545,297 )   (15,614 )

Principal collected on installment loans

   1,202,113     1,287,144     10,233  

Proceeds from sales of operating lease assets

   130,992     73,928     1,115  

Investment in and dividends received from affiliates, net

   10,754     (48,257 )   92  

Purchases of available-for-sale securities

   (201,123 )   (219,890 )   (1,712 )

Proceeds from sales of available-for-sale securities

   166,251     127,452     1,415  

Maturities of available-for-sale securities

   38,706     82,373     329  

Purchases of other securities

   (34,634 )   (24,283 )   (295 )

Proceeds from sales of other securities

   23,142     11,456     197  

Purchases of other operating assets

   (25,630 )   (9,216 )   (218 )

Acquisitions of subsidiaries, net of cash acquired

   (38,837 )   (12,506 )   (331 )

Sales of subsidiaries, net of cash disposed

   2,664     —       23  

Other, net

   33,164     (14,119 )   283  
                  

Net cash used in investing activities

   (799,357 )   (408,004 )   (6,805 )
                  

Cash Flows from Financing Activities:

      

Net increase (decrease) in debt with maturities of three months or less

   326,285     (34,227 )   2,778  

Proceeds from debt with maturities longer than three months

   2,102,054     1,934,048     17,894  

Repayment of debt with maturities longer than three months

   (1,697,828 )   (1,665,050 )   (14,453 )

Net increase in deposits due to customers

   16,628     44,043     141  

Issuance of common stock

   5,975     2,052     51  

Dividends paid

   (3,496 )   (2,093 )   (30 )

Net increase (decrease) in call money

   10,000     (5,000 )   85  

Other, net

   2,910     570     25  
                  

Net cash provided by financing activities

   762,528     274,343     6,491  
                  

Effect of Exchange Rate Changes on Cash and Cash Equivalents

   1,302     339     11  
                  

Net Increase (Decrease) in Cash and Cash Equivalents

   100,476     (6,855 )   855  

Cash and Cash Equivalents at Beginning of Period

   145,380     152,235     1,238  
                  

Cash and Cash Equivalents at End of Period

   245,856     145,380     2,093  
                  

 

2


Table of Contents

[ After amendment ]

Condensed Consolidated Statements of Cash Flows

(For the Years Ended March 31, 2006 and 2005)

(Unaudited)

 

     (millions of JPY, millions of US$)  
     Year ended
March 31,
2006
    Year ended
March 31,
2005
    U.S. dollars
March 31,
2006
 

Cash Flows from Operating Activities:

      

Net income

   166,388     91,496     1,416  

Adjustments to reconcile net income to net cash provided by operating activities:

      

Depreciation and amortization

   136,621     132,158     1,163  

Provision for doubtful receivables and probable loan losses

   16,480     39,513     140  

Decrease in policy liabilities

   (47,172 )   (41,902 )   (401 )

Gains from securitization transactions

   (7,139 )   (12,520 )   (61 )

Equity in net income of affiliates

   (32,080 )   (20,043 )   (274 )

Gains on sales of subsidiaries and affiliates and liquidation loss

   (2,732 )   (3,347 )   (23 )

Minority interests in earnings of subsidiaries, net

   3,257     2,474     28  

Gains on sales of available-for-sale securities

   (10,401 )   (14,761 )   (89 )

Gains on sales of real estate under operating leases

   (8,970 )   (1,554 )   (76 )

Gains on sales of operating lease assets other than real estate

   (7,184 )   (4,746 )   (61 )

Write-downs of long-lived assets

   8,336     11,713     71  

Write-downs of securities

   4,540     4,930     39  

Increase in restricted cash

   (119,202 )   (17,517 )   (1,015 )

Increase in trading securities

   (9,091 )   (21,430 )   (77 )

Increase in inventories

   (56,596 )   (21,906 )   (482 )

Increase in prepaid expenses

   (2,316 )   (975 )   (20 )

Increase in accrued expenses

   2,755     8,255     24  

Increase in security deposits

   48,597     19,567     414  

Other, net

   51,912     (22,938 )   442  
                  

Net cash provided by operating activities

   136,003     126,467     1,158  
                  

Cash Flows from Investing Activities:

      

Purchases of lease equipment

   (1,136,538 )   (942,489 )   (9,675 )

Principal payments received under direct financing leases

   670,781     633,724     5,710  

Net proceeds from securitization of lease receivables, loan receivables and securities

   194,806     191,976     1,658  

Installment loans made to customers

   (1,834,192 )   (1,545,297 )   (15,614 )

Principal collected on installment loans

   1,200,337     1,287,144     10,218  

Proceeds from sales of operating lease assets

   130,992     73,928     1,115  

Investment in and dividends received from affiliates, net

   10,754     (48,257 )   92  

Purchases of available-for-sale securities

   (201,123 )   (219,890 )   (1,712 )

Proceeds from sales of available-for-sale securities

   166,251     127,452     1,415  

Maturities of available-for-sale securities

   38,706     82,373     329  

Purchases of other securities

   (34,634 )   (24,283 )   (295 )

Proceeds from sales of other securities

   23,142     11,456     197  

Purchases of other operating assets

   (25,630 )   (9,216 )   (218 )

Acquisitions of subsidiaries, net of cash acquired

   (38,837 )   (12,506 )   (331 )

Sales of subsidiaries, net of cash disposed

   2,664     —       23  

Other, net

   33,164     (14,119 )   283  
                  

Net cash used in investing activities

   (799,357 )   (408,004 )   (6,805 )
                  

Cash Flows from Financing Activities:

      

Net increase (decrease) in debt with maturities of three months or less

   326,285     (34,227 )   2,778  

Proceeds from debt with maturities longer than three months

   2,102,054     1,934,048     17,894  

Repayment of debt with maturities longer than three months

   (1,697,828 )   (1,665,050 )   (14,453 )

Net increase in deposits due to customers

   16,628     44,043     141  

Issuance of common stock

   5,975     2,052     51  

Dividends paid

   (3,496 )   (2,093 )   (30 )

Net increase (decrease) in call money

   10,000     (5,000 )   85  

Other, net

   2,910     570     25  
                  

Net cash provided by financing activities

   762,528     274,343     6,491  
                  

Effect of Exchange Rate Changes on Cash and Cash Equivalents

   1,302     339     11  
                  

Net Increase (Decrease) in Cash and Cash Equivalents

   100,476     (6,855 )   855  

Cash and Cash Equivalents at Beginning of Period

   145,380     152,235     1,238  
                  

Cash and Cash Equivalents at End of Period

   245,856     145,380     2,093  
                  

 

3

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