ORIX : Notice Regarding Extension of Share Repurchase Period
March 06, 2017 at 09:12 pm EST
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Notice Regarding Extension of Share Repurchase Period
TOKYO, Japan ― February 16― ORIX Corporation hereby announces that its Board of Directors has passed the following resolution to extend the period for the share repurchase that was resolved at its Board of Directors meeting held on October 26, 2016, pursuant to the provisions of its Articles of Incorporation and Article 459, paragraph 1 of the Companies Act.
1. Extended period for share repurchase Until May 15, 2017
(Reference)
Details of the resolution reached at the Board of Directors meeting held on October 26, 2016
Class of shares to be repurchased: Common shares
Total number of shares: Up to 39,000,000 shares
(approx. 2.97% of the total outstanding shares (excluding treasury shares))
Total amount of shares to be repurchased: Up to 50 billion yen (maximum)
Repurchase period: October 27, 2016, to March 31, 2017
Method of share repurchase: Market purchases on the Tokyo Stock Exchange
Cumulative number of shares repurchased based on the above resolution at the Board of Directors meeting (as of January 31, 2017)
Total number of shares acquired: 1,691,600 shares
Total value of shares acquired: 2,607,765,500 yen
Contact Information:
ORIX Corporation
Corporate Planning Department Tel: +81‐3‐3435‐3121
About ORIX:
ORIX Corporation (TSE: 8591; NYSE: IX) is an opportunistic, diversified, innovation‐driven global powerhouse with a proven track record of profitability. Established in 1964, ORIX at present operates a diverse portfolio of businesses in the operations, financial services, and investment spaces. ORIX's highly complementary business activities span industries including: energy, private equity, infrastructure, automotive, ship and aircraft, real estate and retail financial services. ORIX has also spread its business globally by establishing locations in a total of 37 countries and regions across the world. Through its business activities, ORIX has long been committed to corporate citizenship and environmental sustainability. For more details, please visit our website: http://www.orix.co.jp/grp/en/
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 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 under "4. Risk Factors" of the "Summary of Consolidated Financial Results" of the "Consolidated Financial Results April 1, 2015 - March 31, 2016."
ORIX Corporation published this content on 16 February 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 March 2017 02:12:12 UTC.
Original documenthttp://www.orix.co.jp/grp/en/pdf/news/170216_ORIXE.pdf
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ORIX Corporation is a financial services group organized around 9 business divisions:
- life insurance (19.3% of net sales);
- corporate financial services (17.6%): leasing and rental of automobiles, IT-related and technological equipment;
- development, management and promotion of real estate assets (15.5%);
- private equity investment (15.3%);
- asset and investment fund management in Europe (8.8%);
- capital markets and investment banking in the United States (6.4%);
- finance and investment banking in Asia and Australia (5.9%);
- retail banking and consumer finance (3.4%);
- aircraft and ship leasing and financing (1.5%).
The balance of net sales (6.3%) relates to energy and environmental activities (renewable energy production, electricity distribution, sale of solar panels and electricity storage systems, recycling and waste management).
ORIX CORPORATION 
