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, 2008.
ORIX Corporation
(Translation of Registrants 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
Page | ||||
1. |
English press release entitled, Announcement Regarding Terms for Disposal of Treasury Stock made public on Friday, January 4, 2008. |
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, 2008 | By | /s/ Haruyuki Urata | ||
Haruyuki Urata | ||||
Director | ||||
Deputy President | ||||
ORIX Corporation |
January 4, 2008 |
FOR IMMEDIATE RELEASE
Contact Information:
ORIX Corporation
Corporate Communications
Yui Takamatsu or
Xiaomai Feng
Tel: +81-3-5419-5044
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, 2008 ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, announced today that it has decided to dispose a portion of its treasury stock. The partial terms for the disposal of a portion of our treasury stock were announced on December 13, 2007. The details are as follows.
Details of Disposal of Stock (1)
1. Type of Shares: | Common shares of the Company | |||||
2. Number of Shares: | 6,340 shares | |||||
3. Disposal Price: | 20,945 yen per share | |||||
The purchase price is the average closing price of common shares on the Tokyo Stock Exchange for the 30 trading days commencing 45 days previous to, and not including January 1, 2008 (excluding days in which no shares are traded) and rounded upwards to the nearest yen. | ||||||
4. Payment Date for Purchase of Shares: | Monday, January 21, 2008 | |||||
Further Details
| ||||||
1. Schedule: | Thursday, December 13, 2007: | Date of partially setting terms for disposal of treasury stock | ||||
Friday, January 4, 2008: | Date of setting terms for disposal of treasury stock | |||||
Saturday, January 5, 2008: | Notification of terms for disposal of treasury stock | |||||
Friday, January 18, 2008: | Application date | |||||
Monday, January 21, 2008: | Payment date | |||||
2. Reason for Disposal (use of funds): | The treasury stock to be disposed of forms a portion of the remuneration of the executive during his term that retired on January 1, 2008. | |||||
The retiring executive will purchase the treasury stock using accrued income during his term in office. 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: | 1,669,472 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 January 1, 2008. |
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 26 countries and regions worldwide, ORIXs 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 Companys 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.
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