Oriental Land (4661) Q2 2026 earnings summary

Executive summary

• Consolidated net sales, operating profit, and operating cash flow for the first half reached record highs, exceeding prior year and forecasts, driven by Fantasy Springs, special events, and higher per-guest and hotel revenue.

• Net sales for the first half of FY2026 rose 6.4% year-over-year to ¥316,189 million, with operating profit up 8.0% to ¥68,241 million and profit attributable to owners of parent up 6.1% to ¥48,310 million.

• Attendance remained stable, while per-guest spending and hotel revenue reached record highs.

• Comprehensive income surged 69.2% year-over-year to ¥60,701 million for the six months ended September 30, 2025.

Financial highlights

• Consolidated net sales for 1H FY3/26: ¥316.1B, up 6.4% year-over-year; operating profit: ¥68.2B, up 8.0%; profit attributable to owners of parent: ¥48.3B, up 6.1%.

• Net sales per guest: ¥18,196, a 5.2% increase year-over-year; gross profit increased to ¥118,750 million.

• Theme Park segment net sales: ¥251.7B (+5.4%), operating profit: ¥49.7B (−0.4%).

• Hotel Business segment net sales: ¥56.1B (+11.6%), operating profit: ¥17.5B (+41.4%).

• Other Business segment net sales: ¥8.2B (+1.0%), operating profit: ¥0.6B (+21.1%).

Outlook and guidance

• Full-year FY2026 net sales are projected at ¥693,352 million, up 2.1% year-over-year, with operating profit expected to decline 7.0% to ¥160,000 million and profit attributable to owners of parent to decrease 8.7% to ¥113,375 million.

• Full-year earnings forecast remains unchanged despite first-half outperformance, as the third quarter onward is the main attendance period and some first-half profit gains were due to timing of costs.

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

• Focus remains on initiatives and special events in the fourth quarter to drive attendance and revenue.