Notice of the 61st Annual General Meeting of Shareholders
Contents
Convocation Notice | ||
Notice of the 61st Annual General Meeting of | Page 2 | |
Shareholders | ||
Reference Documents for the General | ||
Meeting of Shareholders | ||
Proposal: Election of Eleven (11) Directors | Page 3 | |
Business Report for the 61st Fiscal Year | ||
(From April 1, 2023 to March 31, 2024) | ||
1. | Management's Basic Policy | Page 19 |
2. | Current State of the Company | Page 20 |
3. | Stock Information | Page 40 |
Basic Policy on Corporate Governance | Page 42 | |
Internal Control System of ORIX | Page 43 | |
4. | Directors and Executive Officers | Page 44 |
Consolidated Financial Statements
Consolidated Balance Sheet (U.S. GAAP) | Page 54 |
Consolidated Statement of Income (U.S. GAAP) | Page 56 |
Independent Auditor's Report | |
Audit Report by the Accounting Auditors with | Page 57 |
Respect to the Consolidated Financial Statements | |
Audit Committee's Report | Page 60 |
June 3, 2024
ORIX CORPORATION
This document is a translation of the Japanese language original prepared for reference purposes only (certain portions of the Japanese language original applicable to voting procedures in Japan that are not applicable to shareholders outside Japan have been omitted). In the event of any discrepancy between this translated document and the Japanese language original, the Japanese language original shall prevail. ORIX Corporation assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.
- 1 -
Securities Code: NYSE: IX
TSE: 8591
June 3, 2024
To Our Shareholders:
Makoto Inoue
Director,
Representative Executive Officer, President
ORIX CORPORATION
2-4-1,Hamamatsu-cho
Minato-ku, Tokyo, Japan
ORIX CORPORATION
Notice of the 61st Annual General Meeting of Shareholders
We cordially would like to inform you that the 61st Annual General Meeting of Shareholders of ORIX CORPORATION (the "Company") to be held as set forth below.
When giving notice of the Annual General Meeting of Shareholders, information that constitutes the content of reference documents for the General Meeting of Shareholders, etc. (items provided in electronic format) is provided in electronic format on the internet via the Company website as "Notice of the 61st Annual General Meeting of Shareholders." Please navigate to the Company website below to check this information.
[Company website]
https://www.orix.co.jp/grp/company/ir/library/shareholder_meeting/ (Japanese) https://www.orix.co.jp/grp/en/ir/library/shareholder_meeting/ (English)
In addition to being uploaded to the above-mentioned website, the items provided in electronic format have been made available on the website of the Tokyo Stock Exchange (TSE). Please navigate to the TSE's website below ("Tokyo Stock Exchange Listed Company Search"), enter the stock (company) name or code to search, then select "Basic information," followed by "Documents for public inspection/ PR information."
[TSE website ("Tokyo Stock Exchange Listed Company Search")] https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (Japanese) https://www2.jpx.co.jp/tseHpFront/JJK020010Action.do?Show=Show (English)
Details
1. Date and Time:Tuesday, June 25, 2024 at 10:00 a.m. (JST)
2. Place: | Hiten, Grand Prince Hotel New Takanawa |
3-13-1, Takanawa, Minato-ku, Tokyo, Japan |
3. Agenda of the Meeting: Matters to be reported:
- The business report and the consolidated financial statements for the 61st fiscal year (from April 1, 2023 to March 31, 2024), as well as the audit reports of the public accounting firm and the Audit Committee for consolidated financial statements
- Financial statements for the 61st fiscal year (from April 1, 2023 to March 31, 2024)
Matters to be resolved: | |
Proposal | Election of Eleven (11) Directors |
- We will post the Notice of Resolution at the 61st Annual General Meeting of Shareholders on the following Company's website. The Company's website: https://www.orix.co.jp/grp/en/ir/library/shareholder_meeting/
- 2 -
Reference Documents for the General Meeting of Shareholders
Proposal: Election of Eleven (11) Directors
The terms of office of all 11 Directors will expire at the conclusion of this Annual General Meeting of Shareholders. Consequently, the shareholders are requested to elect 11 Directors based on the decision by the Nominating Committee.
The Nominating Committee has appointed candidates for Directors of such mix that ensures the Board of Directors will have a balance and diversity of knowledge, experience and capability as a whole. In particular, when appointing the candidates for Outside Directors, the Nominating Committee has appointed candidates determined to be able to appropriately perform the duties of Outside Director such as making proposals for important matters in the Company's management and overseeing corporate management. The Company determines that the candidates for Outside Directors possess sufficient independence as they meet the 'Requirements for Independent Directors' established by the Nominating Committee and the requirements for independent director prescribed by the Tokyo Stock Exchange, Inc. in Japan.
[Relevant composition ratios of the Board of Directors if this proposal is approved]
Composition ratio of Outside Directors | Composition ratio of female Directors | |
54.5% | 18.1% | |
(6/11 persons) | (2/11 persons) | |
Candidates for the 11 Director positions are as follows: |
- 3 -
No.
Name
Current Position and Responsibilities at the Company
Gender
Term of
Office
Member of the Board of Directors | ||||||||||||
1 | Makoto Inoue | Representative Executive Officer | ||||||||||
Renominated | Male | 14 years | ||||||||||
President and Chief Executive Officer | ||||||||||||
Responsible for Group Strategy Business Unit | ||||||||||||
Member of the Board of Directors | ||||||||||||
2 | Satoru Matsuzaki | Senior Managing Executive Officer | ||||||||||
Renominated | Head of Corporate Business Headquarters | Male | 5 years | |||||||||
Chairperson, ORIX Auto Corporation | ||||||||||||
Chairperson, ORIX Rentec Corporation | ||||||||||||
Member of the Board of Directors | ||||||||||||
3 | Stan Koyanagi | Senior Managing Executive Officer | ||||||||||
Renominated | Male | 7 years | ||||||||||
Global General Counsel | ||||||||||||
Responsible for Legal Function Unit | ||||||||||||
Member of the Board of Directors | ||||||||||||
4 | Renominated | Yasuaki Mikami | Senior Managing Executive Officer | Male | 1 year | |||||||
Responsible for Corporate Function Unit | ||||||||||||
Responsible for Work Style Reform Project | ||||||||||||
Senior Managing Executive Officer | ||||||||||||
5 | Newly | Hidetake Takahashi | Head of Energy and Eco Services Headquarters | Male | - | |||||||
nominated | Group Strategy Business Unit | |||||||||||
Responsible for Global Investment Strategy | ||||||||||||
6 | Michael Cusumano | Member of the Board of Directors | ||||||||||
Renominated | Outside | Independent | Male | 5 years | ||||||||
Compensation Committee | ||||||||||||
7 | Sakie Akiyama | Member of the Board of Directors | ||||||||||
Renominated | Outside | Independent | Female | 5 years | ||||||||
Nominating Committee (Chairperson) | ||||||||||||
8 | Hiroshi Watanabe | Member of the Board of Directors | ||||||||||
Renominated | Compensation Committee (Chairperson) | Outside | Independent | Male | 4 years | |||||||
Nominating Committee | ||||||||||||
9 | Aiko Sekine | Member of the Board of Directors | ||||||||||
Renominated | Audit Committee (Chairperson) | Outside | Independent | Female | 4 years | |||||||
Nominating Committee | ||||||||||||
10 | Chikatomo Hodo | Member of the Board of Directors | ||||||||||
Renominated | Compensation Committee | Outside | Independent | Male | 3 years | |||||||
Audit Committee | ||||||||||||
11 | Noriyuki Yanagawa | Member of the Board of Directors | ||||||||||
Renominated | Outside | Independent | Male | 2 years | ||||||||
Audit Committee | ||||||||||||
Nomination Criteria for Director Candidates | ||||||||||||
Internal Director | Outside Director |
- An individual with a high degree of expertise in ORIX's ・ An individual with a wealth of experience as a business
business | administrator |
- An individual with excellent business judgment and business ・ An individual with professional knowledge related to corporate
administration skills | management in fields such as economics, business |
administration, law and accounting | |
・ An individual with extensive knowledge related to corporate | |
management in areas such as politics, society, culture and | |
academics | |
- 4 -
Committee the candidate is scheduled to join | Main skills and experience, etc. of candidates for Member of the Board of | ||||||||
No. | Name | (◎ to serve as committee chairman) | Directors | ||||||
Nominating | Audit | Compensation | Corporate | Global | Finance | Business | Business | ||
Committee | Committee | Committee | Management | Business | Investment | Knowledge | |||
1 | Makoto Inoue | ● | ● | ● | ● | ||||||
Renominated | |||||||||||
2 | Satoru Matsuzaki | ● | ● | ● | ● | ||||||
Renominated | |||||||||||
3 | Stan Koyanagi | ● | ● | ● | |||||||
Renominated | |||||||||||
Enterprise Risk | |||||||||||
Management, Legal | |||||||||||
4 | Yasuaki Mikami | ● | ● | ● | ● | ||||||
Renominated | |||||||||||
● | ● | ● | ● | ||||||||
5 | Newly | Hidetake Takahashi | |||||||||
nominated | |||||||||||
6 | Michael Cusumano | 〇 | ● | ||||||||
Renominated | |||||||||||
IT technology | |||||||||||
7 | Sakie Akiyama | ◎ | ● | ● | ● | ||||||
Renominated | |||||||||||
Technology | |||||||||||
8 | Hiroshi Watanabe | 〇 | ◎ | ● | ● | ● | ● | ||||
Renominated | |||||||||||
International | |||||||||||
finance, Tax affairs | |||||||||||
9 | Aiko Sekine | 〇 | ◎ | ● | |||||||
Renominated | |||||||||||
International | |||||||||||
accounting | |||||||||||
10 | Chikatomo Hodo | 〇 | 〇 | ● | ● | ● | |||||
Renominated | |||||||||||
IT technology | |||||||||||
11 | Noriyuki Yanagawa | 〇 | ● | ● | |||||||
Renominated | |||||||||||
Economics and | |||||||||||
financial policies | |||||||||||
Concept of Main skills and experience, etc. of candidates for Member of the Board of Directors
This represents each persons' skills and experience particularly expected of Directors that supervise ORIX's multifaceted business activities. This table does not represent all of the knowledge and experience of each person, but indicates skills and experience that are considered significant.
・"Corporate Management" in order to understand changes in the business environment, and create and implement appropriate growth strategies
・"Global Business," which is necessary for ORIX as it develops business globally
・"Finance" and "Business Investment" in order to deeply understand ORIX's wide range of businesses
・"Business Knowledge," such as "tax affairs, accounting," "ERM, legal" and "IT technology," which is the basis of decision-making on important management matters
- 5 -
Number of | |||||||||
shares held (of | |||||||||
which number | |||||||||
of shares | |||||||||
No. | Name | Career Summary, Current Position | scheduled to be | ||||||
(Date of Birth) | and Important Concurrent Position | issued by share- | |||||||
based | |||||||||
compensation | |||||||||
plans) in | |||||||||
the Company | |||||||||
Apr. | 1975 | Joined the Company | |||||||
Mar. | 2001 | General Manager of Investment Banking Headquarters | |||||||
Jan. | 2003 | Deputy Head of Investment Banking Headquarters | |||||||
Feb. | 2005 | Assumed office of Executive Officer, the Company | |||||||
Head of Alternative Investment & Development Headquarters | |||||||||
Jan. | 2006 | Assumed office of Managing Executive Officer, the Company | |||||||
Dec. | 2006 | Head of Alternative Investment & Development Headquarters, | |||||||
Responsible for IT Planning Office | |||||||||
Jun. | 2008 | Head of International Administrative Headquarters, | |||||||
Head of Alternative Investment & Development Headquarters, | |||||||||
Responsible for IT Planning Office | |||||||||
Jun. | 2009 | Assumed office of Senior Managing Executive Officer, the | |||||||
Company | |||||||||
Jun. | 2010 | Assumed office of Director and Deputy President, the Company | |||||||
Jan. | 2011 | Assumed office of Director, Representative Executive Officer, | |||||||
President, the Company (present position) | |||||||||
Chief Operating Officer | |||||||||
Makoto Inoue | Jan. | 2014 | Co-Chief Executive Officer | ||||||
1 | (Oct. 2, 1952) | Jun. | 2014 | Chief Executive Officer (present position) | 104,688 | ||||
Jan. | 2017 | Responsible for Group IoT Business Department, | (761,948) | ||||||
-Renominated- | Responsible for New Business Development Department I and II | ||||||||
Apr. | 2017 | Responsible for Group IoT Business Department, | |||||||
Responsible for New Business Development Department | |||||||||
May | 2017 | Responsible for Open Innovation Business Department, | |||||||
Responsible for Group IoT Business Department, | |||||||||
Responsible for New Business Development Department | |||||||||
Jan. | 2018 | Responsible for Group Strategy Business Unit (present position) | |||||||
Mr. Makoto Inoue has a wealth of experience and advanced knowledge relating to | |||||||||
the diversified business activities of the ORIX Group through his service as | |||||||||
President, Representative Executive Officer and Chief Executive Officer. He | |||||||||
participated in all eight meetings of the Board of Directors during the fiscal year | |||||||||
ended March 31, 2024. The Nominating Committee has appointed him as a | |||||||||
candidate for Member of the Board of Directors because it has determined that he | |||||||||
can be expected to continue to fulfil a substantial role, including highly effective | |||||||||
supervision of the Company's management given that he possesses extensive | |||||||||
understanding of the Company's operations. His period in service as of the | |||||||||
conclusion of this Annual General Meeting of Shareholders will be 14 years. | |||||||||
- 6 -
Number of | |||||||||
shares held (of | |||||||||
which number | |||||||||
of shares | |||||||||
No. | Name | Career Summary, Current Position | scheduled to be | ||||||
(Date of Birth) | and Important Concurrent Position | issued by share- | |||||||
based | |||||||||
compensation | |||||||||
plans) in | |||||||||
the Company | |||||||||
Apr. | 1989 | Joined Crown Leasing Corporation (retired in Apr. 1997) | |||||||
Aug. | 1997 | Joined the Company | |||||||
Oct. | 2005 | General Manager of Strategic Planning Group, Investment Banking | |||||||
Headquarters | |||||||||
Apr. | 2006 | General Manager of Investment and Operation Group, Investment | |||||||
Banking Headquarters | |||||||||
Feb. | 2010 | Head of Office of the President | |||||||
Jun. | 2010 | General Manager of Corporate Planning Department | |||||||
Jan. | 2012 | General Manager of Corporate Planning Department, | |||||||
General Manager of Corporate Communications Department | |||||||||
May | 2012 | General Manager of Corporate Planning Department, | |||||||
Special Advisor to Responsible for Corporate Communications | |||||||||
Department | |||||||||
Jan. | 2013 | Assumed office of Executive Officer, the Company | |||||||
Responsible for Corporate Planning Department, | |||||||||
Responsible for Corporate Communications Department | |||||||||
Jan. | 2014 | Domestic Sales Administrative Headquarters: Head of New | |||||||
Business Development and Head of Tokyo Sales | |||||||||
Jun. | 2015 | Responsible for New Business Development Department I and II, | |||||||
Satoru Matsuzaki | Head of Tokyo Sales Headquarters | ||||||||
2 | (Apr. 12, 1966) | Jan. | 2017 | Head of Eastern Japan Sales Headquarters | 10,090 | ||||
Jan. | 2018 | Assumed office of Managing Executive Officer, the Company | (176,420) | ||||||
-Renominated- | Head of Domestic Sales Administrative Headquarters, | ||||||||
Head of Eastern Japan Sales Headquarters | |||||||||
Jan. | 2019 | Head of Corporate Business Headquarters (present position) | |||||||
Jun. | 2019 | Assumed office of Member of the Board of Directors, Managing | |||||||
Executive Officer, the Company | |||||||||
Jan. | 2020 | Assumed office of Member of the Board of Directors, Senior | |||||||
Managing Executive Officer, the Company (present position) | |||||||||
Chairperson, ORIX Auto Corporation (present position) | |||||||||
Chairperson, ORIX Rentec Corporation (present position) | |||||||||
Mr. Satoru Matsuzaki has a wealth of experience and advanced knowledge relating | |||||||||
to the diversified business activities of the ORIX Group through his business | |||||||||
execution experience in the field of corporate financial services and maintenance | |||||||||
leasing. He participated in all eight meetings of the Board of Directors during the | |||||||||
fiscal year ended March 31, 2024. The Nominating Committee has appointed him as | |||||||||
a candidate for Member of the Board of Directors because it has determined that he | |||||||||
can be expected to continue to fulfil a substantial role, including highly effective | |||||||||
supervision of the Company's management given that he possesses extensive | |||||||||
understanding of the Company's operations. His period in service as of the | |||||||||
conclusion of this Annual General Meeting of Shareholders will be five years. | |||||||||
- 7 -
Number of | |||||||||
shares held (of | |||||||||
which number | |||||||||
of shares | |||||||||
No. | Name | Career Summary, Current Position | scheduled to be | ||||||
(Date of Birth) | and Important Concurrent Position | issued by share- | |||||||
based | |||||||||
compensation | |||||||||
plans) in | |||||||||
the Company | |||||||||
Oct. | 1985 | Joined SHEPPARD, MULLIN, RICHTER & HAMPTON LLP | |||||||
(retired in May 1988) | |||||||||
Jan. | 1993 | Partner, GRAHAM & JAMES LLP (currently Squire Patton Boggs | |||||||
LLP) (retired in Feb. 1997) | |||||||||
Mar. | 1997 | Vice President, ORIX USA Corporation (currently ORIX | |||||||
Corporation USA) | |||||||||
Mar. | 1999 | General Counsel, Vice President and Manager, ORIX USA | |||||||
Corporation (currently ORIX Corporation USA) (retired in Dec. | |||||||||
2003) | |||||||||
Jan. | 2004 | Vice President and Associate General Counsel, KB HOME (retired | |||||||
in Jun. 2013) | |||||||||
Jul. | 2013 | Joined the Company | |||||||
Global General Counsel of Global Business Headquarters | |||||||||
Jun. | 2017 | Assumed office of Member of the Board of Directors, Managing | |||||||
Executive Officer, the Company | |||||||||
Responsible for Enterprise Risk Management | |||||||||
Global General Counsel (present position) | |||||||||
Stan Koyanagi | Jun. | 2018 | Head of Enterprise Risk Management Headquarters | ||||||
3 | (Dec. 25, 1960) | Jan. | 2019 | Responsible for Enterprise Risk Management Headquarters | 5,000 | ||||
Jan. | 2022 | Responsible for Legal and Compliance Headquarters | (0) | ||||||
-Renominated- | Jan. | 2023 | Assumed office of Member of the Board of Directors, Senior | ||||||
Managing Executive Officer, the Company (present position) | |||||||||
Responsible for Legal Function Unit (present position) | |||||||||
Mr. Stan Koyanagi served successively as the General Counsel of ORIX USA | |||||||||
Corporation (currently ORIX Corporation USA) and the Vice President and | |||||||||
Associate General Counsel of KB Home. He has extensive experience and advanced | |||||||||
knowledge in overseas legal affairs. Moreover, at ORIX Corporation, he has a | |||||||||
wealth of experience and advanced knowledge on the multifaceted business | |||||||||
activities of the ORIX Group through his missions as Global General Counsel. He | |||||||||
participated in all eight meetings of the Board of Directors during the fiscal year | |||||||||
ended March 31, 2024. The Nominating Committee has appointed him as a | |||||||||
candidate for Member of the Board of Directors because it has determined that he | |||||||||
can be expected to continue to fulfil a substantial role, including highly effective | |||||||||
supervision of the Company's management by utilizing a wealth of his knowledge | |||||||||
and experience, etc. gained from inside and outside the Company. His period in | |||||||||
service as of the conclusion of this Annual General Meeting of Shareholders will be | |||||||||
seven years. | |||||||||
- 8 -
Number of | |||||||||
shares held (of | |||||||||
which number | |||||||||
of shares | |||||||||
No. | Name | Career Summary, Current Position | scheduled to be | ||||||
(Date of Birth) | and Important Concurrent Position | issued by share- | |||||||
based | |||||||||
compensation | |||||||||
plans) in | |||||||||
the Company | |||||||||
Apr. | 1990 | Joined the Company | |||||||
Mar. | 2006 | Senior Vice President of Principal Investment Group, Investment | |||||||
Banking Headquarters | |||||||||
Mar. | 2007 | Senior Vice President and Treasurer, ORIX USA Corporation | |||||||
(currently ORIX Corporation USA) | |||||||||
Oct. | 2010 | Head of Secretarial Office | |||||||
Jan. | 2014 | General Manager of Secretarial Office | |||||||
Jul. | 2015 | General Manager of Human Resources Department | |||||||
Jan. | 2016 | Deputy Head of Human Resources and Corporate Administration | |||||||
Headquarters, | |||||||||
General Manager of Human Resources Department | |||||||||
Jan. | 2017 | Assumed office of Executive Officer, the Company | |||||||
Head of Group Human Resources and Corporate Administration | |||||||||
Headquarters, | |||||||||
Responsible for Secretarial Office | |||||||||
Jun. | 2017 | Head of Group Human Resources and Corporate Administration | |||||||
Headquarters, | |||||||||
Yasuaki Mikami | Responsible for Work Style Reform Project (present position) | ||||||||
Jan. | 2018 | Head of Group Human Resources and Corporate Administration | |||||||
(Jan. 29, 1968) | 2,552 | ||||||||
4 | Headquarters, | ||||||||
(115,388) | |||||||||
Responsible for Secretariat of The Board of Directors | |||||||||
-Renominated- | |||||||||
Jan. | 2020 | Assumed office of Managing Executive Officer, the Company | |||||||
Jan. | 2023 | Assumed office of Senior Managing Executive Officer, the | |||||||
Company | |||||||||
Responsible for Corporate Function Unit (present position) | |||||||||
Jun. | 2023 | Assumed office of Member of the Board of Directors, Senior | |||||||
Managing Executive Officer, the Company (present position) | |||||||||
Mr. Yasuaki Mikami has a wealth of experience and advanced knowledge relating to | |||||||||
the diversified business activities of the ORIX Group through his business execution | |||||||||
experience in the field of corporate function and Work Style Reform Project. He | |||||||||
participated in all six meetings of the Board of Directors since he assumed office of | |||||||||
Member of the Board of Directors during the fiscal year ended March 31, 2024. The | |||||||||
Nominating Committee has appointed him as a candidate for Member of the Board | |||||||||
of Directors because it has determined that he can be expected to continue to fulfil a | |||||||||
substantial role, including highly effective supervision of the Company's | |||||||||
management given that he possesses extensive understanding of the Company's | |||||||||
operations. His period in service as of the conclusion of this Annual General | |||||||||
Meeting of Shareholders will be one year. | |||||||||
- 9 -
Number of | |||||||||
shares held (of | |||||||||
which number | |||||||||
of shares | |||||||||
No. | Name | Career Summary, Current Position | scheduled to be | ||||||
(Date of Birth) | and Important Concurrent Position | issued by share- | |||||||
based | |||||||||
compensation | |||||||||
plans) in | |||||||||
the Company | |||||||||
Apr. | 1993 | Joined the Company | |||||||
Feb. | 2010 | General Manager of Investment and Operation Group I, Investment | |||||||
Banking Headquarters | |||||||||
Jun. | 2010 | Assumed office of Executive Officer, DAIKYO INCORPORATED | |||||||
Sep. | 2011 | General Manager of Planning Department, Investment and | |||||||
Operation Headquarters | |||||||||
Nov. | 2011 | General Manager of Business Development Department, Investment | |||||||
and Operation Headquarters | |||||||||
Jan. | 2014 | General Manager of Business Development Department, Energy | |||||||
and Eco Services Headquarters | |||||||||
Jan. | 2017 | Deputy Head of Energy and Eco Services Headquarters, | |||||||
General Manager of Business Development Department | |||||||||
Mar. | 2017 | Deputy Head of Energy and Eco Services Headquarters, | |||||||
General Manager of Global Business Development Department | |||||||||
May | 2018 | Assumed office of Member of the Board of Directors, ORIX | |||||||
Hidetake Takahashi | Corporation UK Limited (present position) | ||||||||
Jan. | 2020 | Assumed office of Executive Officer, the Company | |||||||
5 | (Jan. 13, 1971) | 7,100 | |||||||
Head of Energy and Eco Services Headquarters (present position) | (76,416) | ||||||||
-Newly Nominated- | |||||||||
Sep. | 2020 | Assumed office of Member of the Board of Directors, Ubiteq, INC. | |||||||
(present position) | |||||||||
Jan. | 2022 | Assumed office of Managing Executive Officer, the Company | |||||||
Jan. | 2024 | Assumed office of Senior Managing Executive Officer, the | |||||||
Company (present position) | |||||||||
Group Strategy Business Unit, | |||||||||
Responsible for Global Investment Strategy (present position) | |||||||||
Mr. Hidetake Takahashi has a wealth of experience and advanced knowledge | |||||||||
relating to the diversified business activities of the ORIX Group through his | |||||||||
business execution experience in the field of investment and operation business and | |||||||||
environment and energy business. The Nominating Committee has appointed him as | |||||||||
a new candidate for Member of the Board of Directors because it has determined | |||||||||
that he can be expected to fulfill a substantial role, including highly effective | |||||||||
supervision of the Company's management given that he possesses extensive | |||||||||
understanding of the Company's operations. | |||||||||
- 10 -
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
ORIX Corporation published this content on 27 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2024 00:40:00 UTC.