ORIX CORP (NYSE: IX) director Inoue details direct and deferred shares

Rhea-AI Filing Summary

ORIX CORP director Inoue Makoto filed an initial ownership report detailing his equity interests in the company. The filing shows 105,000 shares of Common Stock held directly, reflecting his current direct stake.

In addition, he is associated with 922,508 share-based compensation points held indirectly through a Board Incentive Plan Trust. According to the plan, each point represents a right to receive one share of Common Stock upon retirement, giving him a substantial deferred equity interest alongside his direct holdings.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Inoue Makoto

(Last) (First) (Middle)

WORLD TRADE CENTER BUILDING, SOUTH TOWER

2-4-1 HAMAMATSU-CHO, MINATO-KU

(Street)

TOKYO JAPAN 105-5135

(City) (State) (Zip)

JAPAN

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
ORIX CORP [ IX ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	105,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Share-based Compensation Points	(1)	(1)	Common Stock	922,508	(2)	I	By Board Incentive Plan Trust

Explanation of Responses:

1. The reported derivative securities represent share-based compensation granted under ORIX Corporation's share-based compensation program, which entitles the Reporting Person to receive the stated amount of Common Stock upon retirement.

2. Each point represents a right to receive one share of Common Stock.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Tomohiko Ishihara, as Attorney-in-Fact for Makoto Inoue	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does ORIX CORP (IX) director Inoue Makoto report on this Form 3?

He reports his initial equity holdings in ORIX CORP, including 105,000 shares of Common Stock held directly and additional share-based compensation points held indirectly through a Board Incentive Plan Trust.

How many ORIX CORP (IX) shares does Inoue Makoto hold directly?

He holds 105,000 shares of ORIX CORP Common Stock directly. This represents his immediate ownership position, separate from any deferred or share-based compensation arrangements described in the filing.

What are the share-based compensation points reported for ORIX CORP (IX)?

The filing lists 922,508 share-based compensation points held indirectly via a Board Incentive Plan Trust. Each point entitles him to receive one share of ORIX CORP Common Stock upon retirement under the company’s share-based compensation program.

How are the ORIX CORP (IX) share-based compensation points structured?

Each point under ORIX CORP’s share-based compensation program represents a right to receive one share of Common Stock upon retirement. These rights are held indirectly for Inoue Makoto through a Board Incentive Plan Trust.

Does this ORIX CORP (IX) Form 3 show any recent stock purchases or sales?

No, the Form 3 functions as an initial ownership statement. It reports existing direct and indirect holdings, rather than documenting new purchases, sales, or option exercises by Inoue Makoto.

What indirect ORIX CORP (IX) holdings does the Board Incentive Plan Trust represent?

The Board Incentive Plan Trust holds 922,508 share-based compensation points for Inoue Makoto. These points correspond to potential future shares of ORIX CORP Common Stock, deliverable upon his retirement according to the compensation program’s terms.