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 January, 2007.

ORIX Corporation

(Translation of Registrant’s Name into English)

Mita NN Bldg., 4-1-23 Shiba, 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  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 Documents Filed

		Page
1.	English press release entitled, “Announcement Regarding Terms for Disposal of Treasury Stock” made public on Thursday, January 4, 2007.

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: January 4, 2007	By	/s/ Yukio Yanase
		Yukio Yanase
		Director
		Deputy President
		ORIX Corporation

January 4, 2007

FOR IMMEDIATE RELEASE

Contact Information:

ORIX Corporation

Corporate Communications

Raymond Spencer or

Yui Takamatsu

Tel: +81-3-5419-5042

Fax: +81-3-5419-5901

E-mail: orixir@orix.co.jp

URL: www.orix.co.jp/index_e.htm

Announcement Regarding Terms for Disposal of Treasury Stock

TOKYO, Japan –January 4, 2007– ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, today announced that it has decided to dispose of a portion of its treasury stock that will be purchased by the retired members. Details are given below.

Details of Disposal of Stock

1.	Type of Shares:	Common shares of the Company
2.	Number of Shares:	1,590 shares
3.	Disposal Price:	34,650 yen per share
		The disposal price is the closing price of common shares of the Company   on the Tokyo Stock Exchange on January 4, 2007.
4.	Payment Date for Purchase of Shares:	Monday, January 22, 2007

Further Details

1.	Schedule:	Thursday, January 4, 2007:	Date of setting disposal price of treasury stock
		Friday, January 5, 2007:	Notification of terms for disposal of treasury stock
		Friday, January 19, 2007:	Application date
		Monday, January 22, 2007:	Payment date
2.	Reason for Disposal (use of funds):		The treasury stock to be disposed of forms a portion of the remuneration of one executive officer and one group executive during their terms that retired on January 1, 2007. All of the funds acquired upon disposal of this portion of treasury stock will be used for general corporate purposes.
3.	Number of Treasury Stock after Disposal:		298,063 shares The number of treasury stock does not reflect changes associated with purchases of less than one unit and the exercise of stock options that took place on and after December 1, 2006.

-more-

About ORIX

ORIX Corporation (TSE: 8591; NYSE: IX) is an integrated financial services group based in Tokyo, Japan, providing innovative value-added products and services to both corporate and retail customers. With operations in 23 countries and regions worldwide, ORIX’s activities include corporate financial services, such as leases and loans, as well as automobile operations, rental operations, real estate-related finance, real estate, life insurance, and investment banking. For more details, please visit our website at: www.orix.co.jp/grp/index_e.htm

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 to 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 those described under “Business Risk” of the securities report (yukashoken houkokusho) filed with the Director of the Kanto Local Finance Bureau.

-end-