ORIX CORP

Japanese financial services group ORIX Corporation (TYO:8591) said today it has signed an agreement with local utility Hokkaido Electric Power Co Inc (TYO:

ORIX Corporation (NYSE:NYSE:IX) Q4 2023 Results Conference Call May 10, 2023 3:30 AM ETCompany ParticipantsMakoto Inoue - President, Executive Officer and Chief Executive OfficerHitomaro…

Orix press release (IX): FY GAAP EPS of ¥231.04.Revenue of ¥2.66B (+5.6% Y/Y).

Toshiba’s board in March accepted a $14.81b buyout offer from a group led by Japan Industrial Partners

The decision is based on its "positive views of Toshiba''s corporate value and executability of management''s reform plan," the company said in the document. Sources have said Orix'' planned investment was trimmed from the initial 300 billion yen.

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Toshiba Corp. accepted a buyout offer from a Japanese consortium, as the iconic conglomerate moved a step closer to ending a troubled chapter in its more-than-140-year history.

The Tokyo-based company’s board approved on Thursday a bid of about 2 trillion yen ($15.3 billion) from a group led by domestic private equity firm Japan Industrial Partners Inc., or 4,620 yen per share, it said in a statement. The offer is at about a 9.7% premium to Toshiba’s closing price on Thursday.

As the next step, a tender offer is expected to start in late July, with the exact schedule to be announced later, the company said. Toshiba’s US-listed shares rose 9.2% in New York, the most since October.

Seventeen Japanese companies and six domestic financial institutions will participate in the buyout, Toshiba said. Orix Corp., Rohm Co. and Chubu Electric Power Co. are among the firms, the Nikkei reported before the statement, confirming earlier Bloomberg News reports.

The move could bring down the curtain on years of turbulence at the storied Japanese firm after a series of scandals plunged it into difficulty and set it on the path to a sale.

Bloomberg Apple, In A Cinema Near You Soon: Streaming Rivalry Heats Up As Apple To Splurge On Original Theatrical Releases Apple Inc (NASDAQ: AAPL ) eyes splurging $1 billion annually to produce movies likely for theatrical release to draw subscribers to its streaming service. Apple has approached movie studios about partnering to release a few titles in theaters this year and a slate of more films in the future. The list of potential releases includes Martin Scorsese''s Killers of the Flower Moon , which stars Leonardo DiCaprio; the spy thriller Argylle , from director Matthew Vaughn, and Napoleon, Ridley Scott''s drama about the French conqueror. Toshiba Accepts $15B Acquisition Bid From JIP Group Toshiba Corp (OTC: TOSYY ) has reportedly accepted an acquisition offer from a Japanese consortium. The company''s board approved a bid of $15.3 billion from a group led by private equity firm Japan Industrial Partners Inc . The offer price represents a 9.6% premium to Toshiba''s closing price on March 23.

JIP''s $15bn Toshiba buyout gets board approval Submitted 23/03/2023 - 11:18am Toshiba Corp''s board has accepted a $15 billion buyout offer from a consortium of investors led by Tokyo-based private equity firm Japan Industrial Partners, according to a report by the Nikkei Business Daily. Should the deal progress it would be the third largest transaction globally so far this year, according to data from Refinitiv, and give JIP and fellow investors, including Orix Corp, Rohm Co and Chubu Electric Power, control of one of Japan''s best-known companies. JIP''s binding buyout offer backed by $10.6 billion in loan commitments from major banks, was submitted last month, but according to unnamed sources, dissatisfaction among some board members over the offer price delayed the board''s vote by weeks. Like this article? Sign up to our free newsletter Author Profile Related Topics Deals Intelligence

Homegrown Greenko Group has raised USD 700 million (around Rs 5,700 crore) funding from Singapore''s sovereign wealth fund GIC, Orix Corporation of Japan, Abu Dhabi Investment Authority (ADIA) and its own founders. Anil Chalamalasetty and Mahesh Kolli are the founders of Hyderabad-based Greenko Group. The equity funding will be utilised towards the capex of pumped storage projects which will have storage capacity of more than 25 GWh (gigawatt hour) enabling 45 billion units of carbon free energy, Kolli, who is the Joint Managing Director of Greenko Group told PTI over phone. While GIC has 51 per cent share in the funding, Orix Corporation has 16 per cent, ADIA 14 per cent and founders have 13 per cent, he said. "This equity commitment from the existing shareholders reinforces trust in our vision. CFE is helping accelerate industrial decarbonisation enhancing green quotient of Indian grid and development of green molecules and chemicals at a competitive cost," Anil Chalamalasetty, CE

TOKYO/HONG KONG : Japan Industrial Partners, the preferred bidder to buy out Toshiba Corp, has moved closer to securing financing from banks, three people with knowledge of the matter said. Concrete restructuring steps proposed by JIP have made a group of lenders, including Toshiba’s main banks Sumitomo Mitsui Banking Corp and Mizuho Bank Ltd, more confident in JIP’s post-acquisition plans, said two of the people who have direct knowledge of the financing discussions. Toshiba’s shares climbed on the news, up 3% on Dec 9 morning and outperforming a 1.1% advance for the benchmark Nikkei index. JIP, which is planning to form a consortium, is hoping to secure commitments from banks this month for a buyout that would value the industrial conglomerate at around ¥2.2 trillion (RM71.03 billion), part of which would be funded by loans from the banks, one of the people and a fourth source said. Those two sources cautioned, however, that how much each bank will take on in the financing has not been fixed yet and it’s not clear when that would be finalised, they said.

Hyderabad-based Greenko Group has emerged as the lowest bidder in the world’s first and largest technology agnostic storage tender from NTPC Renewable Energy Limited (NTPC REL), the renewable arm of NTPC Limited. Greenko is backed by GIC Holdings Pte Ltd, Abu Dhabi Investment Authority and Japan’s ORIX Corp.

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November 24 (Renewables Now) - Japanese financial services group ORIX Corporation (TYO:8591) has reduced its shareholding in Ormat Technologies Inc (NYSE:O

Energy power company Ormat Technologies Inc (NYSE: ORA ) priced an upsized underwritten secondary offering of 3.7 million shares on behalf of ORIX Corporation. The company priced the shares at $90.00 … Full story available on Benzinga.com