ORIX (NYSE: IX) retires 38.9M shares after ¥150B buyback

Rhea-AI Filing Summary

ORIX Corporation completed a major share repurchase program and moved to cancel a large block of its own shares. In February 2026, it bought back 4,181,800 common shares for JPY 21,915,348,200 through market purchases under a discretionary dealing contract.

Cumulatively through February 27, 2026, ORIX repurchased 38,206,600 shares for JPY 149,999,979,400 under a Board-authorized program allowing up to 60,000,000 shares and JPY 150 billion from May 19, 2025 to March 31, 2026. The company also decided to cancel 38,855,620 common shares on March 10, 2026, following a policy to limit treasury stock to about 2% of issued shares.

Positive

• Large-scale capital return: ORIX repurchased 38,206,600 shares for almost JPY 150 billion under a Board-authorized program allowing up to 60,000,000 shares and JPY 150 billion.
• Share cancellation to tighten float: ORIX decided to cancel 38,855,620 common shares, implementing a policy to keep treasury holdings near 2% of issued shares and permanently retiring excess stock.

Negative

• None.

Insights

Equity Capital Markets Analyst

ORIX completes near-max ¥150B buyback and cancels 38.9M shares.

ORIX reports completion of a substantial repurchase program, buying 38,206,600 shares for nearly JPY 150,000,000,000. This sits just below the Board’s ceiling of 60,000,000 shares and JPY 150 billion, indicating strong execution against the authorized capital return framework.

The company also decided to cancel 38,855,620 common shares with a scheduled cancellation date of March 10, 2026. A Board policy adopted on May 12, 2025 limits treasury holdings to about 2% of issued shares and calls for cancelling any excess, which this step implements.

These actions reduce share count and retire repurchased stock, which can increase per-share metrics if earnings remain stable. Future filings around and after March 31, 2026 may show how much of the remaining buyback authorization, if any, is utilized and how this feeds into long-term capital allocation plans.

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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 March 2026

Commission File Number: 001-14856

ORIX Corporation

(Translation of Registrant’s Name into English)

World Trade Center Bldg., SOUTH TOWER, 2-4-1 Hamamatsu-cho, 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 ☒  Form 40-F ☐

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Material Contained in this Report

1.		Notice regarding Completion of Share Repurchase
2.		Notice regarding Cancellation of Own Shares

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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: March 2, 2026		By		/s/ Hidetake Takahashi
				Hidetake Takahashi
				Member of the Board of Directors Representative Executive Officer President and Chief Executive Officer Responsible for Digital Innovation Unit Responsible for Corporate Strategy and Management Unit ORIX Corporation

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Notice regarding Completion of Share Repurchase

TOKYO, Japa-March 2, 2026-ORIX Corporation (“ORIX”) hereby announces that the share repurchase resolved at its Board of Directors meeting held on May 12, 2025 and November 12, 2025 pursuant to the provision of its Articles of Incorporation, which is in accordance with Article 459, Paragraph 1 of the Companies Act, has been completed as follows.

Progress of the repurchase in February 2026

1.		Class of shares repurchased		Common shares
2.		Total number of shares repurchased		4,181,800 shares
3.		Total purchase price of shares repurchased		JPY 21,915,348,200
4.		Repurchase period		February 1, 2026 – February 27, 2026
5.		Method of share repurchase		Market purchases based on a discretionary dealing contract regarding repurchase of own shares

Cumulative repurchases through February 27, 2026

1.		Total number of shares repurchased		38,206,600 shares
2.		Total purchase price of shares repurchase		JPY 149,999,979,400

(Reference) Details of the resolution with respect to share repurchase reached at the Board of Directors meeting held on May 12, 2025 and November 12, 2025

1.		Class of shares to be repurchased		Common shares
2.		Total number of shares		Up to 60,000,000 shares (approx. 5.4% of the total outstanding shares (excluding treasury shares))
3.		Total purchase price of shares to be repurchased		Up to 150 billion yen
4.		Repurchase period		From May 19, 2025 to March 31, 2026
5.		Method of share repurchase		Market purchases based on a discretionary dealing contract regarding repurchase of own shares

Contact Information:

Investor Relations and Sustainability Department

ORIX Corporation

Tel: +81-3-3435-3121

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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 36,000 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, 2025)

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 Company’s 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, 2024 – March 31, 2025” furnished on Form 6-K.

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Notice regarding Cancellation of Own Shares

TOKYO, Japan-March 2, 2026-ORIX Corporation (“ORIX”) hereby announces that it has decided to cancel its own shares on February 27, 2026, in accordance with Article 178 of the Companies Act, as described below.

1.		Class of shares to be cancelled		Common shares
2.		Number of shares to be cancelled		38,855,620 shares
3.		Scheduled cancellation date		March 10, 2026

(Reference)

Policies for Share Cancellation

At the Board of Directors meeting held on May 12, 2025, ORIX approved a policy regarding cancellation of its own shares under which, in principle, ORIX shall limit its total holdings of its own shares to an amount equal to 2% of its total number of issued shares and shall cancel any shares exceeding such amount.

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 36,000 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, 2025)

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 Company’s 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, 2024 – March 31, 2025” furnished on Form 6-K.

FAQ

What did ORIX Corporation (IX) announce about its share repurchase program?

ORIX announced completion of a Board-authorized share repurchase. It bought back 38,206,600 common shares for JPY 149,999,979,400 under a program permitting up to 60,000,000 shares and JPY 150 billion between May 19, 2025 and March 31, 2026.

How many ORIX (IX) shares were repurchased in February 2026 and at what cost?

In February 2026, ORIX repurchased 4,181,800 common shares. The total purchase price was JPY 21,915,348,200, executed as market purchases based on a discretionary dealing contract during the period from February 1, 2026 to February 27, 2026.

How many ORIX Corporation (IX) shares will be cancelled and when?

ORIX decided to cancel 38,855,620 common shares. The scheduled cancellation date is March 10, 2026. This cancellation follows a Board-approved policy to limit total holdings of its own shares to about 2% of its issued shares.

What is ORIX (IX) policy on holding and cancelling its own shares?

ORIX’s Board approved a policy on May 12, 2025 that, in principle, limits its total holdings of own shares to around 2% of issued shares. Any holdings above that level are to be cancelled, guiding ongoing share repurchase and cancellation decisions.

Over what period was ORIX (IX) authorized to conduct this share repurchase?

The Board authorized ORIX to repurchase common shares from May 19, 2025 to March 31, 2026. Within this period, it could buy up to 60,000,000 shares for a total purchase price of up to 150 billion yen through market purchases.

How does the ORIX (IX) share repurchase relate to its total outstanding shares?

The authorization allowed ORIX to repurchase up to 60,000,000 common shares, described as approximately 5.4% of its total outstanding shares excluding treasury stock. This frames the potential scale of the buyback relative to its overall equity base.