6-K
Orix Corp (IX)
SECURITIES AND EXCHANGECOMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2025
Commission File Number: 001-14856
ORIX Corporation
(Translation of Registrant’s Name into English)
World Trade Center Bldg., SOUTH TOWER, 2-4-1 Hamamatsu-cho, Minato-ku,
Tokyo, JAPAN
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F ☒ Form 40-F ☐
Table of Contents
Material Contained in this Report
| 1. | “Announcement Regarding Changes in Representative Executive Officers and Chief Executive Officer” |
|---|---|
| 2. | “Announcement Regarding Management Changes and Organizational Reform” |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| ORIX Corporation | ||
|---|---|---|
| Date: December 10, 2025 | By | /s/ Yasuaki Mikami |
| Yasuaki Mikami | ||
| Member of the Board of Directors<br><br><br>Senior Managing Executive Officer<br><br><br>Responsible for Corporate Function Unit<br><br><br>Responsible for Work Style Reform Project<br><br><br>ORIX Corporation |
Announcement Regarding Changes in Representative Executive Officers and Chief Executive Officer
Tokyo, Japan – December 10, 2025 – ORIX Corporation (“ORIX”) has announced changes in its Representative Executive Officers and Chief Executive Officer following a resolution passed by the Board of Directors today.
| 1. | Changes in Representative Executive Officers and Chief Executive Officer |
|---|---|
| (1) | Change in Chief Executive Officer (Effective as of January 1, 2026) |
| --- | --- |
The Board of Directors has decided to appoint Hidetake Takahashi, Member of the Board of Directors, Representative Executive Officer, President as Chief Executive Officer on January 1, 2026.
| New Position | Present Position | Name |
|---|---|---|
| Member of the Board of Directors<br> <br>Representative<br>Executive Officer<br> <br>President and Chief Executive Officer<br><br><br>Responsible for Digital Innovation Unit<br> <br>Responsible for Corporate<br>Strategy and Management Unit | Member of the Board of Directors<br><br><br>Representative Executive Officer<br><br><br>President and Chief Operating Officer<br><br><br>Responsible for Group Strategy Business Unit | Hidetake Takahashi |
| Member of the Board of Directors<br> <br>Representative<br>Executive Officer<br> <br>Chairman | Member of the Board of Directors<br><br><br>Representative Executive Officer<br><br><br>Chairman and Chief Executive Officer | Makoto Inoue |
| (2) | Change in Representative Executive Officer (Effective as of the date of ORIX’s 63rd Annual General<br>Meeting of Shareholders scheduled for June 2026) | |
| --- | --- |
The Board of Directors has decided that Makoto Inoue, Member of the Board of Directors, Representative Executive Officer, Chairman, will retire from these positions and assume the role of Corporate Advisor on the date of the 63rd Annual General Meeting of Shareholders scheduled for June 2026.
| New Position | Present Position* | Name |
|---|---|---|
| Corporate Advisor | Member of the Board of Directors<br><br><br>Representative Executive Officer<br><br><br>Chairman | Makoto Inoue |
| * | As of January 1, 2026 | |
| --- | --- | |
| 2. | Reason for the Changes | |
| --- | --- |
ORIX Group will transition to a new management structure to further drive long-term growth.
Contact Information:
Investor Relations and Sustainability Department
ORIX Corporation
Tel: +81-3-3435-3121
About ORIX Group:
ORIX Group (ORIX Corporation TSE: 8591; NYSE: IX) was established in 1964 and has grown from its roots in leasing in Japan to become a global, diverse, and unique corporate group. Today, it is active around the world in financing and investment, life insurance, banking, asset management, real estate, concession, environment and energy, automobile-related services, industrial/ICT equipment, ships and aircraft. Since expanding outside of Japan in 1971, ORIX Group has grown its business globally and now operates in around 30 countries and regions across the world with approximately 36,000 people. ORIX Group unites globally around its Purpose: “Finding Paths. Making Impact.” combining diverse expertise and innovative thinking to help our world develop in a sustainable way.
For more details, please visit our website: https://www.orix.co.jp/grp/en/
(As of September 30, 2025)
CautionConcerning 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 that 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 “1. Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2024 – March 31, 2025” furnished on Form 6-K.
Announcement Regarding Management Changes and Organizational Reform
Tokyo, Japan – December 10, 2025 – ORIX Corporation (“ORIX”) today made public an announcement regarding management changes and organizational reform.
| ☐ | Management Changes (Effective as of January 1, 2026) | |
|---|---|---|
| New Position | Present Position | Name |
| --- | --- | --- |
| Member of the Board of Directors<br> <br>Representative<br>Executive Officer<br> <br>President and Chief Executive Officer<br><br><br>Responsible for Digital Innovation Unit<br> <br>Responsible for Corporate<br>Strategy and Management Unit | Member of the Board of Directors<br> <br>Representative<br>Executive Officer<br> <br>President and Chief Operating Officer<br><br><br>Responsible for Group Strategy Business Unit | Hidetake Takahashi |
| Member of the Board of Directors<br> <br>Representative<br>Executive Officer<br> <br>Chairman | Member of the Board of Directors<br> <br>Representative<br>Executive Officer<br> <br>Chairman and Chief Executive Officer | Makoto Inoue |
| ☐ | Management Changes (Effective as of the date of ORIX’s 63rd Annual General Meeting of Shareholdersscheduled for June 2026) | |
| --- | --- | |
| New Position | Present Position^*2^ | Name |
| --- | --- | --- |
| Retire^*1^ | Member of the Board of Directors<br> <br>Representative<br>Executive Officer<br> <br>Chairman | Makoto Inoue |
| *1 | Mr. Inoue will be appointed Corporate Advisor on the date of ORIX’s 63rd Annual General Meeting<br>of Shareholders scheduled for June 2026. | |
| --- | --- | |
| *2 | As of January 1, 2026 | |
| --- | --- | |
| ☐ | Management Changes (Effective as of January 1, 2026) | |
| --- | --- | |
| New Position | Present Position | Name |
| --- | --- | --- |
| Member of the Board of Directors<br> <br>Deputy<br>President Executive Officer<br> <br>Responsible for Japan & APAC Business Unit | Member of the Board of Directors<br> <br>Deputy<br>President Executive Officer<br> <br>Group Strategy Business Unit<br><br><br>Responsible for Asia-Pacific<br> <br>Head of Corporate Business<br>Headquarters<br> <br>Chairperson, ORIX Auto Corporation<br> <br>Chairperson,<br>ORIX Rentec Corporation | Satoru Matsuzaki |
| New Position | Present Position | Name |
| --- | --- | --- |
| Member of the Board of Directors<br> <br>Senior<br>Managing Executive Officer<br> <br>Global General Counsel<br> <br>Responsible<br>for Legal and Compliance Unit | Member of the Board of Directors<br> <br>Senior<br>Managing Executive Officer<br> <br>Global General Counsel<br> <br>Responsible<br>for Legal Function Unit | Stan Koyanagi |
| Senior Managing Executive Officer<br> <br>Responsible<br>for USA & Europe Business Unit<br> <br>President and Chief Executive Officer, ORIX Corporation USA | Group Senior Managing Executive<br> <br>President and<br>Chief Executive Officer, ORIX Corporation USA | Yoshiteru Suzuki |
| Senior Managing Executive Officer<br> <br>Responsible<br>for Infrastructure Business Unit<br> <br>Responsible for Concession Business Development Department | Advisor | Shuji Irie |
| Managing Executive Officer<br> <br>Japan &<br>APAC Business Unit<br> <br>Head of Corporate Business Headquarters | Managing Executive Officer<br> <br>Deputy Head of<br>Corporate Business Headquarters | Eiji Arita |
| Managing Executive Officer<br> <br>Japan &<br>APAC Business Unit<br> <br>Head of Investment and Operation Headquarters | Managing Executive Officer<br> <br>Head of Investment<br>and Operation Headquarters | Seiichi Miyake |
| Managing Executive Officer<br> <br>Japan &<br>APAC Business Unit<br> <br>Responsible for Maintenance Leasing<br><br><br>Chairperson, ORIX Auto Corporation<br> <br>President, ORIX Rentec<br>Corporation | Group Managing Executive<br> <br>President, ORIX Rentec<br>Corporation | Yuji Kamiyauchi |
| Managing Executive Officer<br> <br>Infrastructure<br>Business Unit<br> <br>Responsible for Osaka IR Business | Executive Officer<br> <br>Group Strategy Business<br>Unit<br> <br>Responsible for CEO’s Office, New<br> <br>Business and<br>Osaka IR Project Office | Nobuki Watanabe |
| Managing Executive Officer<br> <br>Responsible for Risk<br>Management Unit | Executive Officer<br> <br>Group Strategy Business<br>Unit<br> <br>Responsible for Enterprise Risk Management | Takashi Otsuka |
| Managing Executive Officer<br> <br>Infrastructure<br>Business Unit<br> <br>Responsible for Real Estate Business<br><br><br>Responsible for Real Estate Sales Department<br> <br>President, ORIX Real<br>Estate Corporation | Group Executive<br> <br>President and Representative<br>Director,<br> <br>ORIX Real Estate Investment Advisors Corporation | Tatsuya Kitamura |
| Executive Officer<br> <br>Japan & APAC<br>Business Unit<br> <br>Deputy Head of Corporate Business Headquarters | Executive Officer<br> <br>Deputy Head of Corporate<br>Business Headquarters | Tetsuya Kotera |
| Executive Officer<br> <br>Legal and Compliance Unit<br><br><br>Responsible for Corporate legal affairs | Executive Officer<br> <br>Corporate Function Unit<br><br><br>Responsible for Corporate legal affairs | Tomoko Kageura |
| New Position | Present Position | Name |
| --- | --- | --- |
| Executive Officer<br> <br>Digital Innovation Unit<br><br><br>Responsible for Operational Reform Department | Executive Officer<br> <br>Responsible for Group<br>Internal Audit Department | Hiroyuki Ido |
| Executive Officer<br> <br>Infrastructure Business<br>Unit<br> <br>Head of Global Transportation Services Headquarters | Executive Officer<br> <br>Head of Global Transportation<br>Services Headquarters | Ryujiro Tokuma |
| Executive Officer<br> <br>Japan & APAC<br>Business Unit<br> <br>Responsible for Greater China Group | Executive Officer<br> <br>Responsible for Greater China<br>Group | Hao Li |
| Executive Officer<br> <br>USA & Europe<br>Business Unit<br> <br>Responsible for ORIX USA | Executive Officer<br> <br>Group Strategy Business<br>Unit<br> <br>Responsible for Credit and Investment Management | Ikuo Nakamura |
| Executive Officer<br> <br>Responsible for HR and<br>Administration Unit<br> <br>Responsible for Secretariat of The Board of Directors | Executive Officer<br> <br>Corporate Function Unit<br><br><br>Responsible for Human Resources, Corporate Administration and Corporate Communications<br><br><br>Responsible for Secretariat of The Board of Directors | Tomohiko Ishihara |
| Executive Officer<br> <br>Group Kansai<br>Representative<br> <br>President, ORIX Baseball Club Co., Ltd. | Executive Officer<br> <br>Deputy Head of Corporate<br>Business Headquarters<br> <br>Group Kansai Deputy Representative | Taro Baden |
| Executive Officer<br> <br>Digital Innovation Unit<br><br><br>Responsible for Information Security and Technology | Executive Officer<br> <br>Group Strategy Business<br>Unit<br> <br>Responsible for Information Security Control Department<br><br><br>Responsible for Technology Department | Tony Ahn |
| Executive Officer<br> <br>Infrastructure Business<br>Unit<br> <br>Head of Energy and Eco Services Headquarters | Executive Officer<br> <br>Head of Energy and Eco<br>Services Headquarters | Atsunori Sato |
| Executive Officer<br> <br>Japan & APAC<br>Business Unit<br> <br>Head of Asia-Pacific Business Headquarters | Executive Officer<br> <br>Group Strategy Business<br>Unit<br> <br>Responsible for Asia-Pacific Business | Yoshiaki Matsuoka |
| Executive Officer<br> <br>Infrastructure Business<br>Unit<br> <br>Deputy Head of Global Transportation Services Headquarters | Executive Officer<br> <br>Deputy Head of Global<br>Transportation Services Headquarters | Kei Kitagawa |
| New Position | Present Position | Name |
| --- | --- | --- |
| Executive Officer<br> <br>Corporate Strategy and<br>Management Unit<br> <br>Responsible for Treasury and Corporate Communications | Operating Officer<br> <br>Corporate Function Unit<br><br><br>Responsible for Treasury Department | Hiroyuki Ishinaga |
| Executive Officer<br> <br>Corporate Strategy and<br>Management Unit<br> <br>Responsible for CEO’s Office and New Business | Operating Officer<br> <br>Group Strategy Business<br>Unit<br> <br>Deputy Head of CEO’s Office | Reiko Okubo |
| Group Executive<br> <br>Senior Managing Executive<br>Officer, ORIX Real Estate Corporation<br> <br>Deputy President, DAIKYO INCORPORATED | Operating Officer<br> <br>Managing Executive Officer,<br>ORIX Real Estate Corporation<br> <br>Deputy President, DAIKYO INCORPORATED | Atsuro Naoi |
| Group Executive<br> <br>Chief Executive Officer, Robeco<br>Institutional Asset Management B.V. | Chief Executive Officer, Robeco Institutional Asset Management B.V. | Karin van Baardwijk |
| Retire^*3^ | Member of the Board of Directors<br> <br>Senior<br>Managing Executive Officer<br> <br>Responsible for Corporate Function Unit<br><br><br>Responsible for Work Style Reform Project | Yasuaki Mikami |
| Retire^*4^ | Executive Officer<br> <br>Group Kansai<br>Representative<br> <br>Responsible for Real Estate Sales Department<br><br><br>Senior Managing Executive Officer, ORIX Real Estate Corporation | Toyonori Takahashi |
| Retire^*5^ | Group Managing Executive<br> <br>President, ORIX Real<br>Estate Corporation | Toshinari Fukaya |
| Retire^*6^ | Group Executive<br> <br>President, ORIX Baseball Club<br>Co., Ltd.<br> <br>President, Osaka City Dome Co., Ltd. | Michio Minato |
| *3 | Mr. Mikami will be appointed Advisor, Concession Business, Infrastructure Business Unit on January 1,<br>2026. | |
| --- | --- | |
| *4 | Mr. Takahashi will be appointed Advisor, Osaka IR Business, Infrastructure Business Unit on January 1,<br>2026, and continue as Representative Director, MGM Osaka Corporation. | |
| --- | --- | |
| *5 | Mr. Fukaya will be appointed Advisor, Chairperson of ORIX Real Estate Corporation on January 1, 2026.<br> | |
| --- | --- | |
| *6 | Mr. Minato will be appointed Advisor of ORIX Baseball Club Co., Ltd. on January 1, 2026.<br> | |
| --- | --- | |
| ☐ | Organizational Reform (Effective as of January 1, 2026) | |
| --- | --- |
Group Strategy Business Unit, Corporate Function Unit and Legal Function Unit will be abolished.
Japan & APAC Business Unit, Infrastructure Business Unit, USA & Europe Business Unit, Digital Innovation Unit, Corporate Strategy and Management Unit, HR and Administration Unit, Risk Management Unit and Legal and Compliance Unit will be newly established.
Japan & APAC Business Unit:
Corporate Business Headquarters, ORIX Auto Corporation, ORIX Rentec Corporation, Greater China Group and Investment and Operation Headquarters will be incorporated into Japan & APAC Business Unit.
Asia-Pacific Business Headquarters will be newly established and incorporated into Japan & APAC Business Unit. Asia-Pacific Strategic Planning Division and Asia-Pacific Business Management Division, currently under Group Strategy Business Unit, will be incorporated into Asia-Pacific Business Headquarters.
Infrastructure Business Unit:
ORIX Real Estate Corporation, Real Estate Sales Department, Concession Business Development Department, currently under Investment and Operation Headquarters, Energy and Eco Services Headquarters and Global Transportation Services Headquarters will be incorporated into Infrastructure Business Unit.
Osaka IR Project Office, currently under Group Strategy Business Unit, will be incorporated into Infrastructure Business Unit and renamed Osaka IR Business Promotion Department.
MICE-IR Development Promotion Department, currently under ORIX Real Estate Corporation, will be incorporated into Infrastructure Business Unit and renamed Osaka IR Development Promotion Department.
USA & Europe Business Unit:
ORIX Corporation USA and ORIX Corporation Europe N.V. will be incorporated into USA & Europe Business Unit.
Digital Innovation Unit:
Information Security Control Department and Technology Department, currently under Group Strategy Business Unit, will be incorporated into Digital Innovation Unit.
Operational Reform Department will be newly established and incorporated into Digital Innovation Unit.
Corporate Strategy and Management Unit:
CEO’s Office and New Business Development Department, currently under Group Strategy Business Unit, Corporate Planning Department, Investor Relations and Sustainability Department, Corporate Communications Department, Group Accounting Department, Business Accounting Department, Group Accounting Advisory & Control Department and Treasury Department, currently under Corporate Function Unit, will be incorporated into Corporate Strategy and Management Unit.
HR and Administration Unit:
Secretariat of The Board of Directors, Group Human Resources Department and Group Corporate Administration Department, currently under Corporate Function Unit, will be incorporated into HR and Administration Unit.
Risk Management Unit:
Credit Evaluation Department, Investment Evaluation Department, Real Estate Appraisal Department, Credit and Investment Information Management Department, Transactions and Contract Documents Administration Department and ERM Department, currently under Group Strategy Business Unit, will be incorporated into Risk Management Unit.
Legal and Compliance Unit:
Global General Counsel Office and Group Compliance Department, currently under Legal Function Unit, Transaction Legal Department, Corporate Legal Department, Regulations Management Department and Financial Law Support Department, currently under Corporate Function Unit, will be incorporated into Legal and Compliance Unit.
| ☐ | Organization Chart (Effective as of January 1, 2026) |
|---|---|
| * | Extracted organizational reform parts only |
| --- | --- |
Contact Information:
Investor Relations and Sustainability Department
ORIX Corporation
Tel: +81-3-3435-3121
About ORIX Group:
ORIX Group (ORIX Corporation TSE: 8591; NYSE: IX) was established in 1964 and has grown from its roots in leasing in Japan to become a global, diverse, and unique corporate group. Today, it is active around the world in financing and investment, life insurance, banking, asset management, real estate, concession, environment and energy, automobile-related services, industrial/ICT equipment, ships and aircraft. Since expanding outside of Japan in 1971, ORIX Group has grown its business globally and now operates in around 30 countries and regions across the world with approximately 36,000 people. ORIX Group unites globally around its Purpose: “Finding Paths. Making Impact.” combining diverse expertise and innovative thinking to help our world develop in a sustainable way.
For more details, please visit our website: https://www.orix.co.jp/grp/en/
(As of September 30, 2025)
CautionConcerning 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 that 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 “1. Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2024 – March 31, 2025” furnished on Form 6-K.