Orix Corp
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Financials : Diversified Financial Services | Large Cap Value
Based in Japan
Company profile

ORIX CORPORATION is a Japan-based company engaged in the provision of diversified financial services. The Company has six business segments. The Corporate Financial Services segment is engaged in the commission business. The Maintenance Leasing segment is engaged in the automobile leasing business, the car rental business, the measuring instruments and information related equipment rental business, and the leasing business. The Real Estate segment is engaged in the development, leasing and management of real estate, the facility operation business and the real estate asset management business. The Business Investment segment is engaged in the environment and energy business, the investment business and the concession business. The Retail segment is engaged in the life insurance business, the banking business and the card loan business. The Overseas segment is engaged in the asset management business, the aircraft and ship related business, the investment and financial business.

This security is an American depositary receipt
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American Depositary Receipt (ADR) Fee

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UPDATE: GameStop's stock tumbles after stock offering plans, first-quarter sales update

6:18 am ET April 5, 2021 (MarketWatch)

Shares of GameStop Corp. (GME) tumbled 9.7% in premarket trading Monday, after the videogame and consumer electronics retailer announced plans to sell up to 3.5 million shares of its common stock. The company plans to use the proceeds from the "at-the-market" offering, which represents about 5% of the shares outstanding, to accelerate its transformation, for general corporate purposes and to strengthen its balance sheet. Separately, GameStop said total sales for the first nine weeks through April 4 rose 11% from the same period a year ago, including 5.3% growth in February and an 18% rise in March. GameStop said sales were negatively impacted by temporary store closures and other mandated restrictions as a result of the COVID-19 pandemic, resulting in a 13% decrease in the store base from the same period a year ago. The stock's pullback comes after it rose 5.8% last week (http://www.marketwatch.com/story/reddit-trading-guru-keith-gill-looks-to-have-40-million-portfolio-after-his-gamestop-bet-11617301895), to snap a two-week decline of 31.6%. Over the past three months, the stock has rocketed 1,002.2% through last week, while the S&P 500 has gained 7.9%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com


(END) Dow Jones Newswires

April 05, 2021 06:18 ET (10:18 GMT)

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