Campaign Launched to Donate Part of the Sales Revenues of Rental Car Fees to Coral Transplantation Activities in Okinawa
Jun 01, 2018
TOKYO, Japan –June 1, 2018 – Pam, Inc. and ORIX Auto Corporation (“ORIX Auto”), announced today that they will be conducting a campaign from July 1 to September 30, 2018, that will enable rental car users to contribute to preserving Okinawa’s coral reefs.
Reservations will be accepted beginning June 5, Environment Day1.
During the campaign period, users who sign up through the Tabirai Car Rental, the car rental comparison/booking site operated by Pam, Inc. to rent one of six hybrid car models available from ORIX Rent a Car in Okinawa, will see the equivalent of one percent of their rental fees go to support “SANGO ORIX” project2 activities to protect and restore Okinawa’s coral reefs. Each year, the ORIX Miyauchi Foundation invites children from child welfare facilities in Okinawa Prefecture to the Okiden Kaihatsu Co., Inc. Aquaculture Research Center to participate in preparing coral seedlings for transplantation off the shores of Okinawa, thus contributing to reef restoration.
The campaign, which is marking its sixth year this year, was conceived by the two companies in the hopes of protecting and nurturing the beauty of the ocean around Okinawa, and contributing to the preservation of the coral reefs which are so important to maintaining that rich natural environment. In the first five years of the campaign, 748 coral seedlings have been transplanted, with monetary donations reaching a total of 2,614,333 yen.
Going forward, Pam, Inc. and ORIX Auto will continue to support coral transplantation and a variety of other social contribution activities that help reduce environmental impacts.
1 Based on a proposal from Japan, the United Nations has designated June 5 as World Environment Day. In Japan, Environment Day is stipulated under the Basic Environment Law.
2 The project has been active since 2009. Refer to the ORIX Group web page below for details.
Corporate Planning Department
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 38 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: https://www.orix.co.jp/grp/en/
(As of March 31, 2018)
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, 2017 - March 31, 2018.”
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