Oriental Land (4661) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 10.3% YoY to ¥348,742 million, operating profit increased 15.0% to ¥78,497 million, and net income rose 28.1% to ¥61,881 million.

• H1 consolidated net sales, operating profit and operating cash flow reached records; operating cash flow was ¥94.4 billion.

• Full-year FY2027 forecasts were revised upward, with net sales and all profit figures expected to reach record highs.

Financial highlights

• H1 ordinary profit increased 29.9% YoY to ¥90,041 million; non-operating income included proceeds from the Hyatt Regency Seragaki Island Okinawa sale.

• H1 results exceeded initial forecasts: net sales by 7.6%, operating profit by 33.2% and net income attributable to owners by 35.9%.

• Gross profit was ¥133,083 million versus ¥118,750 million a year earlier; SG&A increased to ¥54,586 million from ¥50,508 million.

• Comprehensive income was ¥60,811 million, compared with ¥60,701 million in H1 FY2026.

Outlook and guidance

• Revised FY2027 forecast: net sales ¥763,334 million, operating profit ¥185,465 million, ordinary profit ¥195,784 million and net income ¥133,526 million.

• Full-year attendance forecast is 28.50 million and net sales per guest ¥19,429; attendance is expected to remain near the initial forecast while per-guest spending exceeds it.

• Theme Park FY net sales forecast is ¥622.9 billion and operating profit ¥148.7 billion; Hotels forecasts are ¥123.2 billion sales and ¥35.2 billion operating profit.

• Interim and year-end dividend forecasts were each raised ¥1 to ¥9 per share, for an ¥18 annual dividend.