ORIX Corp. Updates Share Repurchase Status
Ticker: ORXCF · Form: 6-K · Filed: Jun 5, 2024 · CIK: 1070304
| Field | Detail |
|---|---|
| Company | Orix Corp (ORXCF) |
| Form Type | 6-K |
| Filed Date | Jun 5, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, sec-filing, 6-K
TL;DR
ORIX Corp. filed a 6-K on June 5th, updating its share repurchase status.
AI Summary
ORIX Corporation filed a Form 6-K on June 5, 2024, to provide an update on its share repurchase status. The filing indicates that ORIX Corporation has been actively repurchasing its shares as part of its ongoing capital allocation strategy. This report is filed for the month of June 2024 and is submitted pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934.
Why It Matters
This filing provides transparency to investors regarding ORIX Corporation's share buyback activities, which can impact stock price and shareholder value.
Risk Assessment
Risk Level: low — The filing is a routine update on share repurchase status and does not contain significant new financial or operational information that would typically increase risk.
Key Players & Entities
- ORIX Corporation (company) — Registrant
- June 5, 2024 (date) — Filing Date
- Yasuaki Mikami (person) — Signatory
FAQ
What is the purpose of this Form 6-K filing?
The purpose of this Form 6-K filing is to provide a "Notice regarding Share Repurchase Status" for ORIX Corporation for the month of June 2024.
When was this report filed with the SEC?
This report was filed with the SEC on June 5, 2024.
Under which rules is ORIX Corporation filing this report?
ORIX Corporation is filing this report pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934.
Does ORIX Corporation file annual reports under Form 20-F or Form 40-F?
Yes, ORIX Corporation files annual reports under cover of Form 20-F, as indicated by the check mark in the filing.
Who signed this report on behalf of ORIX Corporation?
The report was signed by /s/ Yasuaki Mikami on behalf of ORIX Corporation.
Filing Stats: 667 words · 3 min read · ~2 pages · Grade level 13.8 · Accepted 2024-06-05 06:04:49
Filing Documents
- d836623d6k.htm (6-K) — 21KB
- g836623g0705074300798.jpg (GRAPHIC) — 4KB
- 0001193125-24-154637.txt ( ) — 27KB
SIGNATURES
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 5, 2024 By /s/ Yasuaki Mikami Yasuaki Mikami Member of the Board of Directors Senior Managing Executive Officer Responsible for Corporate Function Unit Responsible for Work Style Reform Project ORIX Corporation Table of Contents Notice regarding Share Repurchase Status TOKYO, Japan - June 5, 2024 - ORIX Corporation announced today 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 8, 2024, as follows. 1.Class of shares repurchased Common shares 2.Total number of shares repurchased 1,468,200 shares 3.Total purchase price of shares repurchased JPY 4,945,153,000 4.Repurchase Period From May 15, 2024 to May 31, 2024 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 8, 2024 (1)Class of shares to be repurchased Common shares (2)Total number of shares to be repurchased Up to 40,000,000 shares (approx.3.5% of the total outstanding shares (excluding treasury shares)) (3)Total purchase price of shares to be repurchased Up to 50 billion yen (4)Repurchase Period From May 15, 2024 to March 31, 2025 (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 May 31, 2024) (1)Total number of shares repurchased 1,468,200 shares (2)Total purchase price of shares repurchased JPY 4,945,153,000 Contact