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News Releases 2018

March 29, 2018

Announcement Regarding the Sale of Shares in Lanka ORIX Leasing Company PLC in Sri Lanka

TOKYO, Japan - March 29, 2018- ORIX Corporation (“ORIX”) announced today that it has sold all its shares in the Lanka ORIX Leasing Company PLC (“LOLC”), its local associate in Sri Lanka.

1. Purpose of the sale of shares
LOLC was established in 1980 as a joint investment between ORIX and local financial institutions. ORIX has made every effort to make LOLC grow and to increase its corporate value by making effective use of the ORIX Group’s domestic and overseas trading networks. Since the original investment purpose being achieved, ORIX decided to sell all of its shares in LOLC.

2. Number of shares sold
142,560,000 shares (30.0% of shares issued)

3. Method of sale of shares
Sale by trades on the Colombo Stock Exchange

4. Overview of company whose shares were sold

Name:
Head office location:
Established :
Representative :
Business activities:
Equity stake:

Listing:

Lanka ORIX Leasing Company PLC
Sri Lanka
March 1980
W. D. K. Jayawardena
Finance, agriculture, resort hotels, renewable energy, etc.
Mr. Ishara Nanayakkara 48.9%, ORIX 30.0%, Nanayakkara Family
5.6%, others 15.5%
Colombo Stock Exchange

Contact Information:
ORIX Corporation
Corporate Planning Department
Tel: +81-3-3435-3121

About ORIX:
ORIX Corporation (TSE: 8591; NYSE: IX) is an opportunistic, diversified, innovation-driven global powerhouse with a proven track record of profitability. Established in 1964, ORIX at present operates a diverse portfolio of businesses in the operations, financial services, and investment spaces. ORIX's highly complementary business activities span industries including: energy, private equity, infrastructure, automotive, ship and aircraft, real estate and retail financial services. ORIX has also spread its business globally by establishing locations in a total of 40 countries and regions across the world. Through its business activities, ORIX has long been committed to corporate citizenship and environmental sustainability. For more details, please visit our website: http://www.orix.co.jp/grp/en/

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 to 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 "Summary of Consolidated Financial Results" of the "Consolidated Financial Results April 1, 2016 - March 31, 2017."

 

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