How many share-based compensation points did Sano Aiko report for ORIX (IX)?

The filing reports 11,000 share-based compensation points. According to the disclosure, these points are part of ORIX Corporation’s share-based compensation program and are held indirectly via a Board Incentive Plan Trust for the benefit of the director.

What do the share-based compensation points represent for ORIX (IX)?

Each point represents a right to receive one share of ORIX common stock. The points function as deferred equity compensation, converting into the same number of common shares under the company’s program once the retirement condition is met.

ORIX director reports 11,000 share units

ORIX Corporation director Sano Aiko has filed an initial ownership report showing deferred share-based compensation, rather than a market trade.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

ORIX Corporation director Sano Aiko has filed an initial ownership report showing deferred share-based compensation, rather than a market trade. The filing lists 11,000 share-based compensation points held indirectly through a Board Incentive Plan Trust. Each point represents a right to receive one share of ORIX common stock upon retirement.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sano Aiko

Role Director

Type	Security	Shares	Price	Value
holding	Share-based Compensation Points	--	--	--

Holdings After Transaction: Share-based Compensation Points — 11,000 contracts (Indirect, By Board Incentive Plan Trust)

Footnotes (2)

F1. 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.
F2. Each point represents a right to receive one share of Common Stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did ORIX (IX) director Sano Aiko report on this Form 3?

Sano Aiko reported an initial position in share-based compensation points linked to ORIX common stock. The Form 3 shows deferred equity compensation held through a Board Incentive Plan Trust, rather than an open-market stock purchase or sale.

When can Sano Aiko receive ORIX (IX) common stock from these points?

The filing states that the share-based compensation entitles Sano Aiko to receive the stated amount of ORIX common stock upon retirement. Until then, the position remains as derivative compensation points rather than currently settled common shares.

Is this ORIX (IX) Form 3 a stock purchase or sale?

No, the Form 3 does not show a stock purchase or sale. It discloses an existing grant of share-based compensation points, which are rights to receive ORIX common stock in the future, instead of an immediate open-market transaction.

How is Sano Aiko’s ORIX (IX) compensation position held?

The reported 11,000 share-based compensation points are held indirectly through a Board Incentive Plan Trust. The filing identifies this indirect ownership structure and classifies the position as derivative securities tied to ORIX common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/18/2026 - 09:12 AM EDT

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Sano Aiko

(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)

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Share-based Compensation Points	⁽¹⁾	⁽¹⁾	Common Stock	11,000	⁽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 The professional name of the Reporting Person is Aiko Sekine.

	/s/ Tomohiko Ishihara, as Attorney-in-Fact for Aiko Sano	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)

Source: View Original Filing on SEC EDGAR