Oriental Land (4661) investor relations material

Executive summary

• Net sales for FY3/26 reached a record ¥704,539 million, up 3.7% year-over-year, driven by higher guest spending and full-year operation of new attractions, despite flat attendance.

• Operating profit declined 2.1% year-over-year to ¥168,413 million due to increased personnel and miscellaneous costs, but exceeded initial forecasts.

• Profit attributable to owners of parent fell 1.8% to ¥121,881 million.

• Hotel business achieved record net sales and operating profit, supported by higher room charges and full-year operation of new facilities.

• Comprehensive income surged 27.3% to ¥142,849 million year-over-year.

Financial highlights

• FY3/26 net sales: ¥704.5B (+3.7% YoY), operating profit: ¥168.4B (-2.1% YoY), net income: ¥121.8B (-1.8% YoY).

• Gross profit was ¥272,959 million, nearly flat year-over-year.

• Operating margin was 23.9%, down from 25.3% the previous year.

• Cash and cash equivalents at year-end increased to ¥236,132 million from ¥188,391 million.

• Dividend for FY3/26 increased by ¥1 to ¥15 per share; FY3/27 forecasted at ¥16 per share.

Outlook and guidance

• FY3/27 net sales forecasted at ¥724,312 million (+2.8% YoY), but operating profit expected to decline 4.5% to ¥160,776 million due to hotel renovations and rising costs.

• Hotel segment net sales and profit projected to decrease due to large-scale guest room renovations.

• Attendance and net sales per guest are expected to rise, supported by new events and initiatives, including Tokyo DisneySea 25th Anniversary.

• Long-term strategy targets ¥1 trillion net sales and higher ROE by FY2035.