{"url_path":"/sec/ix/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 Major Shareholders and Related Party Transactions","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-06-22","source_url":"https://www.sec.gov/Archives/edgar/data/1070304/0001193125-26-276640-index.html","accession_number":"0001193125-26-276640","cik":"0001070304","ticker":"IX","issuer_name":"ORIX CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1070304/0001193125-26-276640-index.html","primary_entity_key":"0001070304","primary_entity_name":"ORIX CORP"},"word_count":1129,"has_tables":true,"body_markdown":"Item 7. Major Shareholders and Related Party Transactions\n\nMAJOR SHAREHOLDERS\n\nThe following table shows our major shareholders registered on our Register of Shareholders as of March 31, 2026.\n\nEach unit of Shares (1 unit = 100 Shares) has one vote, and none of our major shareholders have different voting rights. We do not issue preferred shares.\n\n \n\nName\n\n  \nNumber of\nShares held\n \n  \nPercentage\nof Issued\nshares\n \n\n \n  \n(Thousands)\n \n  \n(%)\n \n\nThe Master Trust Bank of Japan, Ltd. (Trust Account)\n\n  \n \n206,924\n \n  \n \n18.78\n \n\nCustody Bank of Japan, Ltd. (Trust Account)\n\n  \n \n87,980\n \n  \n \n7.98\n \n\nSTATE STREET BANK AND TRUST COMPANY 505001\n\n  \n \n34,821\n \n  \n \n3.16\n \n\nCITIBANK, N.A.-NY, AS DEPOSITARY BANK FOR DEPOSITARY SHARE HOLDERS\n\n  \n \n33,263\n \n  \n \n3.01\n \n\nJP MORGAN CHASE BANK 385642\n\n  \n \n18,796\n \n  \n \n1.70\n \n\nJP MORGAN CHASE BANK 385781\n\n  \n \n16,328\n \n  \n \n1.48\n \n\nBNYM AS AGT/CLTS 10 PERCENT\n\n  \n \n15,048\n \n  \n \n1.36\n \n\nGOVERNMENT OF NORWAY\n\n  \n \n12,828\n \n  \n \n1.16\n \n\nSIX SIS LTD.\n\n  \n \n10,374\n \n  \n \n0.94\n \n\nTHE CHASE MANHATTAN BANK, N.A. LONDONSECS LENDING OMNIBUS ACCOUNT\n\n  \n \n10,303\n \n  \n \n0.93\n \n\nORIX is not directly or indirectly owned or controlled by any corporations, by any foreign government or by any natural or legal persons severally or jointly. As of March 31, 2026, the percentage of issued Shares held by overseas corporations and individuals was 47.05%. As of March 31, 2026, approximately 33,263,285 ADSs were outstanding (approximately 2.96% of ORIX’s issued Shares as of that date). As of March 31, 2026, all our ADSs were held by one record holder in the United States.\n\nOn September 19, 2025, Sumitomo Mitsui Trust Bank, Limited submitted a filing to the Kanto Local Finance Bureau indicating that Sumitomo Mitsui Trust Group, Inc., held 60,105,520 Shares, representing 5.17% of ORIX’s issued Shares, as part of Sumitomo Mitsui Trust Bank, Limited’s assets under management.\n\n \n\n160\n\n##### Table of Contents\n\nRELATED PARTY TRANSACTIONS\n\nTo our knowledge, no individual beneficially owns 10% or more of any class of the Shares that might give that individual significant influence over us. In addition, we are not directly or indirectly owned or controlled by, or under common control with, any enterprise.\n\nWe may enter into transactions with shareholders or potential large investors in the ordinary course of our business. We may also enter into transactions in the ordinary course of our business with certain key management personnel or with certain companies over which we, or our key management personnel, may have a significant influence. Our business relationships with these companies and individuals cover many of the financial services we provide our clients generally. We believe that we conduct our business with these companies and individuals in the normal course and on terms equivalent to those that would exist if they did not have equity holdings in us, if they were not our key management personnel, or if we or our key management personnel did not have significant influence over them, as the case may be. None of these transactions is or was material to us or, to our knowledge, to the other party.\n\nOther than as outlined below, since the beginning of our last full fiscal year, there have been no transactions or outstanding loans, including guarantees of any kind, and there are none currently proposed, that are material to us, or to our knowledge, to the other party, between us and any (i) enterprises that directly or indirectly through one or more intermediaries, control or are controlled by, or are under common control with, us; (ii) associates; (iii) individuals owning, directly or indirectly, an interest in the voting power of us that gives them significant influence over us, and close members of any such individual’s family; (iv) key management personnel, including directors and senior management of companies and close members of such individuals’ families; or (v) enterprises in which a substantial interest in the voting power is owned, directly or indirectly, by any person described in (iii) or (iv) or over which such a person is able to exercise significant influence.\n\nBalance undrawn from the total amount of commitment to be used in accordance with the terms and conditions of relevant agreements to an equity method investee relating to the development of integrated resort, MGM Osaka Corporation, was ¥335,868 million as of March 31, 2026. We will execute the amount of commitment depending on changes in circumstances such as the progress of the development.\n\nSince the beginning of our last full fiscal year, no loans to any of the persons listed in clause (iv) above were made other than those that were made in the ordinary course of business, on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons, and did not involve more than the normal risk of collectability or present other unfavorable features.\n\nThere are no outstanding loans (including guarantees of any kind) made by us or any of our subsidiaries to or for the benefit of any of the persons listed in clauses (i) through (v) above other than those listed in the table below. Certain of our affiliates may fall within the meaning of a related party under clauses (i) or (ii) above. The amount of outstanding loans (including guarantees of any kind) made by us to or for the benefit of all our affiliates, including those which may fall within the meaning of a related party, totaled ¥36,718 million as of March 31, 2026 and did not exceed ¥277,000 million at any time during fiscal 2026.\n\n \n\n161\n\n##### Table of Contents\n\nEach of these loans (including guarantees of any kind) was made in the ordinary course of business. The following table describes, for each related party borrower, the applicable interest rate (or range of interest rates), the largest aggregate amount outstanding during fiscal 2026 and the aggregate amount outstanding as of March 31, 2026.\n\n \n\nRelated Party\n\n  \nThe largest aggregate\namount outstanding\nduring fiscal 2026\n \n  \nAggregate amount\noutstanding as of\nMarch 31, 2026\n \n  \nInterest rate\n \n\n \n  \n \n \n  \n \n \n  \n \n \n\n \n  \n(Millions of yen)\n \n  \n(%)\n \n\nKansai Airports\n\n  \n¥\n12,329\n \n  \n¥\n12,002\n \n  \n \n6.5\n \n\nE.R.P, S.R.L.\n\n  \n \n2,502\n \n  \n \n2,502\n \n  \n \n5.0\n \n\nNIDC\n\n  \n \n1,590\n \n  \n \n1,590\n \n  \n \n4.0\n \n\nHIDROELECTRICA DE TACOTAN SA DE CV\n\n  \n \n1,486\n \n  \n \n1,486\n \n  \n \n12.0 – 16.4\n \n\nHIDROELECTRICA DE TRIGOMIL SA DE CV\n\n  \n \n1,234\n \n  \n \n1,234\n \n  \n \n12.0 – 16.4\n \n\nShinko Medical Support Corporation\n\n  \n \n1,210\n \n  \n \n1,100\n \n  \n \n5.0\n \n\nFirst Resort Co., Ltd.\n\n  \n \n684\n \n  \n \n546\n \n  \n \n3.5\n \n\nBrazatortas 220 Renovables S.L.\n\n  \n \n232\n \n  \n \n232\n \n  \n \n3.3\n \n\nEscatrón Promotores 400 y 200. S.L.\n\n  \n \n220\n \n  \n \n220\n \n  \n \n3.3\n \n\nPacific League Marketing Corporation\n\n  \n \n192\n \n  \n \n119\n \n  \n \n1.6\n \n\nBrazatortas Renovables 400 Kv AIE\n\n  \n \n68\n \n  \n \n68\n \n  \n \n3.3\n \n\nBewen Enerji Anonym Şirketi\n\n  \n \n66\n \n  \n \n66\n \n  \n \n7.5\n \n\nBeyçelik Elawan Yenilenebilir Enerji Üretimi A.Ş.\n\n  \n \n59\n \n  \n \n59\n \n  \n \n6.0\n \n\nTimber Parent, LLC\n\n  \n \n1,017\n \n  \n \n41\n \n  \n \n14.0\n \n\nOA Mobility Limited\n\n  \n \n11\n \n  \n \n11\n \n  \n \n0.0\n \n\nTACOTAN TRIGOMIL SERVICIOS, S.A.\n\n  \n \n2\n \n  \n \n2\n \n  \n \n3.3\n \n\nTBJ Holdings, Inc.\n\n  \n \n122,012\n \n  \n \n0\n \n  \n \n2.0\n \n\nDIC\n\n  \n \n1,351\n \n  \n \n0\n \n  \n \n1.2\n \n\nFSC Topco, LLC\n\n  \n \n433\n \n  \n \n0\n \n  \n \n14.0\n \n\nTorigin Leasing Co., Ltd.\n\n  \n \n0\n \n  \n \n0\n \n  \n \n6.9\n \n\nIn addition to the loans described above, we have guarantees in the aggregate amount of ¥15,440 million."}