ORIX(IX) - 2022 Q4 - Annual Report

Report on the 59th General Meeting of Shareholders This chapter details the filing of an extraordinary report and the voting results from ORIX Corporation's 59th General Meeting of Shareholders Details of the Extraordinary Report Filing ORIX Corporation filed an extraordinary report on June 29, 2022, to disclose the voting results from its 59th General Meeting of Shareholders held on June 24, 2022 - The report was filed to announce the results of the exercise of voting rights at the 59th General Meeting of Shareholders held on June 24, 2022[8] - The filing is required by Article 24-5, Paragraph 4, of the Financial Instruments and Exchange Act of Japan because resolutions were passed at the meeting[9] Resolutions and Voting Results Two main proposals were voted on and approved: partial amendments to the Articles of Incorporation and the election of eleven directors, all with high approval rates Proposal 1: Partial Amendments to the Articles of Incorporation This proposal involved amending the Articles of Incorporation to prepare for electronic shareholder meeting documents, approved with a 99.81% approval rate - The company proposed changes to its Articles of Incorporation to prepare for a new system of providing shareholder meeting documents electronically[10] Voting Result for Proposal 1 | Matters to be Resolved | Approvals (units) | Disapprovals (units) | Abstentions (units) | Approval Rate (%) | Voting Result | | :--- | :--- | :--- | :--- | :--- | :--- | | Proposal 1 | 9,822,505 | 11,220 | 0 | 99.81 | Approved | - Approval required a supermajority of not less than two-thirds (2/3) of the voting rights of shareholders present at the meeting[13] Proposal 2: Election of Eleven (11) Directors This proposal concerned the election of eleven directors, including ten reappointments and one new member, all successfully elected with high approval rates - Ten directors were reelected and one new director, Mr. Noriyuki Yanagawa, was elected to the Board of Directors[11] Voting Results for Director Elections | Candidate | Approval Rate (%) | Voting Result | | :--- | :--- | :--- | | Makoto Inoue | 96.91 | Approved | | Shuji Irie | 98.92 | Approved | | Satoru Matsuzaki | 98.17 | Approved | | Yoshiteru Suzuki | 99.04 | Approved | | Stan Koyanagi | 99.04 | Approved | | Michael Cusumano | 99.56 | Approved | | Sakie Akiyama | 97.31 | Approved | | Hiroshi Watanabe | 98.25 | Approved | | Aiko Sekine | 98.71 | Approved | | Chikatomo Hodo | 99.56 | Approved | | Noriyuki Yanagawa | 99.77 | Approved | - Approval required a majority of the voting rights held by shareholders present at the meeting[13] Company Overview and Forward-Looking Statements This section provides an overview of ORIX Corporation's business and includes a cautionary note regarding forward-looking statements About ORIX ORIX Corporation is a diversified financial services group established in 1964, operating globally across various sectors including leasing, investment, and asset management - ORIX is a financial services group that provides innovative products and services by constantly pursuing new businesses[14] - Established in 1964, ORIX has expanded from leasing into lending, investment, life insurance, banking, asset management, real estate, and environment and energy businesses[15] - The company has a global presence, with operations in 28 countries and regions[15] Caution Concerning Forward-Looking Statements The report contains forward-looking statements subject to inherent risks and uncertainties, with actual results potentially differing materially from projections - The document includes forward-looking statements about future events and financial results which involve inherent risks and uncertainties[16] - Actual results could differ materially from those projected, and readers are directed to the "Risk Factors" section of the company's Form 20-F for a detailed description of potential risks[16]