Oriental Land (4661) investor relations material

Executive summary

• Net sales for FY3/26 reached a record high of ¥704.5 billion, up 3.7% year-over-year, driven by higher net sales per guest and full-year operation of new attractions, despite flat attendance.

• Operating profit declined 2.1% year-over-year to ¥168.4 billion due to increased personnel and miscellaneous costs, but exceeded initial forecasts.

• Annual dividend for FY3/26 increased by ¥1 to ¥15 per share, with a further increase to ¥16 per share forecasted for FY3/27.

• Hotel business achieved record net sales and operating profit, supported by higher room charges and new facilities.

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

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).

• Theme park segment net sales: ¥568.3B (+2.9% YoY), operating profit: ¥130.4B (-7.1% YoY).

• Hotel segment net sales: ¥119.0B (+7.8% YoY), operating profit: ¥36.8B (+20.9% YoY).

• Other business segment net sales: ¥17.1B (+2.3% YoY); operating profit: ¥0.4B, down 22.9%.

• Net sales per guest reached a record ¥18,403, up 3.2% YoY.

Outlook and guidance

• FY3/27 net sales forecasted at ¥724.3B (+2.8% YoY), but operating profit expected to decline 4.5% to ¥160.8B due to hotel renovations and rising costs.

• Theme park net sales forecasted to increase by ¥23.8B to ¥592.2B, with attendance projected at 28 million.

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

• Dividend payout ratio targeted to reach 30% by 2035, with stable increases planned.

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