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An update from Orix ( (IX) ) is now available.
ORIX Corporation has completed a share repurchase program approved by its Board of Directors, repurchasing a total of 14,649,500 common shares for approximately JPY 50 billion. Additionally, ORIX has announced the cancellation of 51,998,810 of its own shares to optimize the number of shares, in line with its policy to manage its holdings at a maximum of 5% of total issued shares. These steps reflect ORIX’s commitment to enhancing shareholder value and optimizing its capital structure.
More about Orix
ORIX Corporation, established in 1964, has grown from its beginnings in leasing in Japan to become a global and diverse corporate group active in financing and investment, life insurance, banking, asset management, real estate, environment and energy, and more. It operates in around 30 countries with approximately 34,000 employees.
YTD Price Performance: 19.26%
Average Trading Volume: 28,734
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $25.23B
For a thorough assessment of IX stock, go to TipRanks’ Stock Analysis page.
