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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 March 2020
ORIX Corporation
(Translation of Registrant’s Name into English)
World Trade Center Bldg., 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 ☒ 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 ☒
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Material Contained in this Report
| Page | ||||||
| 1. |
English press release entitled, “Notice regarding Share Repurchase Status.” | |||||
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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: March 4, 2020 | By | /s/ SHOJI TANIGUCHI | ||
| Shoji Taniguchi | ||||
| Member of the Board of Directors and Senior Managing Executive Officer | ||||
| Responsible for Treasury and Accounting Headquarters | ||||
| Responsible for Enterprise Risk Management Headquarters | ||||
| Responsible for Corporate Planning Department | ||||
| Responsible for Corporate Communications Department | ||||
| Assistant to CEO | ||||
| ORIX Corporation | ||||
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Notice regarding Share Repurchase Status
TOKYO, Japan — March 4,2020 — 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 October 28, 2019, as follows.
| 1. | Class of shares repurchased | Common shares | ||
| 2. | Total number of shares repurchased | 9,934,600 shares | ||
| 3. | Total purchase price of shares repurchased | JPY 18,583,666,400 | ||
| 4. | Repurchase Period | February 1, 2020 – February 29, 2020 | ||
| 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 October 28, 2019 |
| (1) | Class of shares to be repurchased | Common shares | ||
| (2) | Total number of shares to be repurchased | Up to 70,000,000 shares | ||
| (approx.5.5% of the total outstanding shares (excluding treasury shares)) | ||||
| (3) | Total purchase price of shares to be repurchased | Up to 100 billion yen | ||
| (4) | Repurchase Period | From November 1, 2019 to May 8, 2020 | ||
| (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 February 29, 2020) |
| (1) | Total number of shares repurchased | 20,858,000 shares | ||
| (2) | Total purchase price of shares repurchased | JPY 38,437,215,050 |
Contact Information:
ORIX Corporation
Corporate Planning Department
Tel: +81-3-3435-3121
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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 37 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, 2019)
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, 2018 – March 31, 2019.”
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