Orix Corp Ads (IX) has released an update.
ORIX Corporation has reported a robust financial performance for the fiscal year ending March 31, 2024, with significant year-on-year increases in total revenues, operating income, and net income attributable to its shareholders. The company, which adheres to U.S. GAAP accounting principles, announced dividends and shared plans for share repurchases, alongside revealing upcoming management changes and Board of Directors candidates. Furthermore, ORIX forewarns of its potential status as a ‘passive foreign investment company’ (PFIC) for U.S. federal income tax purposes, advising U.S. investors to consult their tax advisors.
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