ORIX Corp. Files 6-K on ADS Ratio Change
Ticker: ORXCF · Form: 6-K · Filed: Jan 8, 2025 · CIK: 1070304
| Field | Detail |
|---|---|
| Company | Orix Corp (ORXCF) |
| Form Type | 6-K |
| Filed Date | Jan 8, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-structure, ADS
TL;DR
ORIX is changing its ADS to common share ratio – watch for potential trading impacts.
AI Summary
ORIX Corporation filed a Form 6-K on January 8, 2025, to announce a change in the ratio of its American Depositary Shares (ADSs) to common shares. The filing indicates that the company will adjust the number of common shares represented by each ADS, a common practice for companies to manage their share structure and potentially influence stock price perception.
Why It Matters
This filing signals a potential adjustment in how ORIX's shares are represented in the US market, which could affect trading dynamics and investor perception of share price.
Risk Assessment
Risk Level: low — This is a routine administrative filing regarding share structure, not indicative of immediate financial distress or significant operational changes.
Key Players & Entities
- ORIX Corporation (company) — Registrant
- January 8, 2025 (date) — Filing Date
- 001-14856 (other) — Commission File Number
FAQ
What is the specific new ratio of ADSs to common shares?
The filing states there is a 'Notice Regarding Change in Ratio of ADSs to Common Shares' but does not specify the new ratio within the provided text.
When will the change in the ADS to common share ratio take effect?
The filing does not specify an effective date for the change in the ADS to common share ratio.
Why is ORIX Corporation changing the ratio of its ADSs to common shares?
The filing does not provide a reason for the change in the ADS to common share ratio.
Is this change related to a stock split or reverse stock split?
While a change in ADS ratio can sometimes accompany a stock split, this filing does not explicitly state it is a split.
Where can I find the detailed notice about the ADS ratio change?
The detailed notice is referenced as item '1. "Notice Regarding Change in Ratio of ADSs to Common Shares"' within the Table of Contents of the Form 6-K.
Filing Stats: 612 words · 2 min read · ~2 pages · Grade level 16.4 · Accepted 2025-01-08 06:15:56
Filing Documents
- d848709d6k.htm (6-K) — 17KB
- 0001193125-25-003183.txt ( ) — 18KB
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 : January 8, 2025 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 Change in Ratio of ADSs to Common Shares ORIX Corporation (the Company) hereby announces that, at the Executive Committee meeting held on December 3, 2024, the Company resolved to implement a change in the ratio of its American Depositary Shares (ADSs) to its common shares. (1) Purpose of the change in the ADS-to-share ratio The Company seeks to increase trading liquidity to expand its shareholder base and facilitate access to its ADSs listed on the New York Stock Exchange by means of a change in the ratio under the Companys American Depositary Receipt program from a ratio of one (1) ADS representing five (5) common shares to a ratio of one (1) ADS representing one (1) common share. (2) Summary of the change in the ratio Ratio before change: 1 ADS = 5 common shares Ratio after change: 1 ADS = 1 common share Effective date of the new ratio (tentative): February 27, 2025 (EST) First trading date with new ratio (tentative): February 28, 2025 (EST) Contact Information: Investor Relations and Sustainability Department ORIX Corporation Tel: +81-3-3435-3121 About ORIX Group: ORIX Group (ORIX Corporation TSE: 8591; NYSE: IX) was established in 1964 and has grown from its roots in leasing in Japan to become a global, diverse, and unique corporate group. Today, it is active around the world in financing and investment, life insurance, banking, asset management, real estate, concession, environment and energy, automobile-related services, industrial/ICT equipment,