How many ORIX (IX) share-based compensation points does the director hold?

The director is reported as holding 8,000 share-based compensation points. According to the disclosure, each point is tied to one share of ORIX common stock, providing a clear measure of the potential future equity the director may receive at retirement.

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

The reported securities are share-based compensation points granted under ORIX’s compensation program. They entitle the director to receive the stated amount of common stock upon retirement, functioning as a form of long-term, deferred equity incentive rather than current share ownership.

What does each ORIX (IX) share-based compensation point represent?

Each point represents a right to receive one share of ORIX common stock. This means the 8,000 reported points correspond to 8,000 potential shares deliverable upon retirement, aligning the director’s long-term compensation with the company’s share performance over time.

Are the ORIX (IX) share-based compensation points held directly by the director?

The points are reported as held indirectly through a Board Incentive Plan Trust. This structure means the trust is the formal holder, while the director is the beneficiary entitled to receive the underlying common stock when the retirement condition is met.

ORIX director reports 8,000 share-based points

Q: What does ORIX (IX) director Yanagawa Noriyuki report on this Form 3?

The filing reports indirect ownership of 8,000 share-based compensation points linked to ORIX common stock. These points are held through a Board Incentive Plan Trust and represent deferred equity compensation rather than an immediate stock purchase or sale.

ORIX CORP director Yanagawa Noriyuki filed an initial ownership report showing indirect rights to 8,000 share-based compensation points under a Board Incentive Plan Trust.

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 CORP director Yanagawa Noriyuki filed an initial ownership report showing indirect rights to 8,000 share-based compensation points under a Board Incentive Plan Trust. Each point represents the right to receive one share of common stock upon retirement, so this reflects deferred equity-based compensation rather than a current stock transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Yanagawa Noriyuki

Role Director

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

Holdings After Transaction: Share-based Compensation Points — 8,000 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 does ORIX (IX) director Yanagawa Noriyuki report on this Form 3?

The filing reports indirect ownership of 8,000 share-based compensation points linked to ORIX common stock. These points are held through a Board Incentive Plan Trust and represent deferred equity compensation rather than an immediate stock purchase or sale.

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

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Accepted by SEC EDGAR 03/18/2026 - 08:41 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^*

Yanagawa Noriyuki

(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	8,000	⁽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

	/s/ Tomohiko Ishihara, as Attorney-in-Fact for Noriyuki Yanagawa	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)