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, ships and aircraft. Since expanding outside of Japan in 1971, ORIX Group has grown its business globally and now
operates in around 30 countries and regions across the world with approximately 34,000 people. ORIX Group unites globally around its Purpose: Finding Paths. Making Impact. combining diverse expertise and innovative thinking to help our
world develop in a sustainable way.
For more details, please visit our website: https://www.orix.co.jp/grp/en/
(As of September 30, 2024)
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 Companys 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, 2023 March 31, 2024 furnished on Form 6-K.