Oriental Land (4661) Q1 2026 earnings summary

Executive summary

• Net sales and operating profit increased year-over-year, reaching record highs, driven by higher net sales per guest, increased hotel revenue, and the full-year operation of Fantasy Springs.

• Comprehensive income for the first quarter rose 74.9% year-over-year to ¥33,289 million.

Financial highlights

• Net sales for the first quarter rose 10.3% year-over-year to ¥163,750 million, with operating profit up 16.3% to ¥38,767 million and ordinary profit up 15.2% to ¥39,251 million.

• Profit attributable to owners of parent increased 12.4% to ¥27,479 million.

• Gross profit for the quarter was ¥63,468 million, up from ¥57,242 million year-over-year.

• Depreciation and amortization for the quarter totaled ¥16,520 million, up from ¥13,442 million year-over-year.

• Operating cash flow reached a record high, reflecting strong profitability.

Outlook and guidance

• 1Q results exceeded forecasts due to higher-than-expected net sales per guest and attendance, with merchandise and food/beverage revenues outperforming projections.

• Full-year net sales are projected at ¥693,352 million, up 2.1% year-over-year, but operating profit is expected to decline 7.0% to ¥160,000 million.

• Profit attributable to owners of parent is forecast to decrease 8.7% to ¥113,375 million for the fiscal year ending March 31, 2026.

• No revision to consolidated financial performance forecast for the first half and full fiscal year.

• Earnings per share for the full year are projected at ¥69.16.