December 27, 2022
FOR IMMEDIATE RELEASE
Oriental Land Co., Ltd.
Representative Director and President: Kenji Yoshida,
Stock Code: 4661（Prime Market of TSE）

Announcement Concerning Stock Split,
Partial Amendments of Articles of Incorporation Resulting from Stock Split,
Adjustment for Lower Limit Strike Price of Stock Acquisition Rights
and Changes to Shareholder Benefit Program

URAYASU, CHIBA―Oriental Land Co., Ltd. announced that Oriental Land Co., Ltd. (“OrientalLand”) has resolved at the Board of Directors meeting on December 27th 2022, to conduct a stock split,
partially amendments to the Articles of Incorporation resulting from the stock split, and make changes
to the shareholder benefit program as follows.

I. Details of Stock Split
1. Purpose of stock split
We will conduct a stock split and lower the amount per investment unit for the purpose ofenhancing the liquidity of Oriental Land’s stock and expanding the investor base of Oriental Land.
2. Outline of stock split(1) Method of stock split
We will conduct a 5-for-1 stock split with the record date of March 31, 2023 (Friday) whereby
each share of common stock held by shareholders listed on the final registered and/or beneficial
shareholders’ lists of the same day will be split into five shares.
(2) Increase in number of shares from split
Total number of shares issued before stock split
363,690,160 shares
Increase in number of shares from this split
1,454,760,640 shares
Total number of shares issued after stock split
1,818,450,800 shares
Total number of shares authorized to be issued
6,600,000,000 shares
after stock split
Note: The aforementioned total number of shares issued after stock split may be increased by
the record date for a stock split.
3. Schedule
Record date of public notice
Record date
Effective dateThursday, March 16, 2023
Friday, March 31, 2023
Saturday, April 1, 2023

II. Partial Amendments of Articles of Incorporation
1. Reasons for amendments
We will amend the total number of shares authorized to be issued in Article 6 of Oriental Land’s
Articles of Incorporation, as provided for in Article 184, Paragraph 2 of the Companies Act, toaccompany with this stock split. These amendments will take effect on April 1, 2023.
2. Details of amendments
Current article of incorporation

Proposed amendments(Total Number of Shares Authorized to BeIssued)(Total Number of Shares Authorized to BeIssued)

Article 6 The total number of sharesauthorized to be issued by the Company
shall be one thousand three hundred twentymillion (1,320,000,000).

Article 6 The total number of sharesauthorized to be issued by the Company
shall be sixty-six hundred million(6,600,000,000).

(The amended part is shown with the underline.)
3. Schedule
Date the amendments become effective

Saturday, April 1, 2023

Ⅲ. Adjustment for Lower Limit Strike Price of Stock Acquisition Rights
Accompanying with this stock split, the Lower Limit Strike Price regarding the Stock Acquisition
Rights shall be adjusted as follows on and after April 1, 2023 in accordance with provisions
prescribed in the Issuance Terms and Conditions of the Third Round Stock Acquisition Rights (the“Stock Acquisition Rights”) which Oriental Land issued on March 13, 2019.
Issue
Oriental Land Co., Ltd.
Third round stockacquisition rights

Lower limit strike price
Before adjustment¥3,375After adjustment¥675

Ⅳ. Changes to Distribution Criteria for Shareholder Benefit Program
1. Reason for change
We provide complimentary passport* twice a year to the Oriental Land shareholders whosenames are listed on the registered and/or beneficial shareholders’ lists as of September 30 andMarch 31, in proportion to the number of shares held.
Together with the stock split, we will also change the criteria for the shareholder benefit program
distribution.
As the stock split will take effect on April 1, 2023, we will distribute benefits to the shareholders
listed on the final registered and/or beneficial shareholders’ lists as of March 31, 2023 based on thesame criteria as before (criteria listed under “Before change” in “2. Details of change”).
* Complimentary 1-day passports which can be used once only within the valid period of one year
at either Tokyo Disneyland or Tokyo DisneySea. The complimentary passport tickets are not valid
during the period of special operation hours (such as special operation hours during the year-endand New Year).

2. Details of change[Before change]
Number ofshares held

[After change]
September
30

March
31

Total

Number ofshares held

September March
30
31

Total

Long-term‐Less than
100 shares

‐

‐

‐

100 sharesand over‐‐‐1500 sharesand over‐11122,000 sharesand over

1

122

4

4,000 sharesand over

2243

3

6

Less than100 shares‐

100 sharesand over‐1400 sharesand over1800 sharesand over2‐‐

1,200 sharesand over3

3

66,000 sharesand over1,600 sharesand over4488,000 sharesand over4482,000 sharesand over5

5

10

10,000 sharesand over55

102,400 sharesand over6

6

12

12,000 sharesand over

6

612

1
※

Note: Shareholders with less than 500 shares after the stock split will not be eligible for the basic
shareholder benefit program. However, shareholders with shares of 100 and over after the stock
split will be eligible for the program described as follows: “V. Change in Long-term Shareholder
Benefit Program”.
Ⅴ. Change in the Long-term Shareholder Benefit Program
1. Purpose of changing the long-term shareholder benefit program
In addition to the basic shareholder benefit program, Oriental Land has introduced the long-term
shareholder benefit program not only to express our deep appreciation to shareholders who keep
holding shares of Oriental Land for a long time but also to sincerely ask the shareholders to support
the ongoing growth of Oriental Land and Tokyo Disney Resort. Now, because we would like toshow our gratitude to more long-term shareholders, we will change the details of the long-term
shareholder benefit program.
2. Date to start conducting
The record date of September 30, 2023
3.Details of the long-term shareholder benefit program
On and after the record date of September 30, 2023, in addition to the current shareholder benefit
program, one passport ticket will be distributed in December every year, to shareholders who keep
holding 100 shares and over of Oriental Land’s stock and remain listed on the registered and/or
beneficial shareholders’ lists on all record dates (September 30 and March 31) under the same
shareholder number for three years or more from the start of holding shares.

＜ Target shareholders, Numbers of distribution, and Time of distribution under the long-term
shareholders benefit program＞
Number of
Number ofTime ofTarget shareholders
sharesdistribution
distribution
1 ticket per year
Shareholders who keep holding shares ofin addition toDecember every
Oriental Land for three years or more* on
100 sharesthe distributionyear
and after the record date of September 30,
and overunder the current(Tentative)
2023
shareholder
benefit program*“Shareholders who keep holding shares of Oriental Land for three years or more” is defined asshareholders who remain listed on the registered and/or beneficial shareholders’ lists with the record
date of March 31 and September 30 every year for seven times or more in row under the same
shareholder number.
Note: In case that a shareholder is no longer listed on the registered and/or beneficial shareholders’lists after being subject to distribution, the aforementioned shareholder will not be eligible forthe long-term shareholder benefit program at that point. The shareholder is required to be
newly listed on the registered and/or beneficial shareholders’ lists for seven times or more inrow under the same shareholder number in order to become eligible again for the long-term
shareholder benefit program.
4. Complimentary passport tickets for shareholders distributed under the long-term shareholder
benefit program
The complimentary passport tickets for shareholders distributed under the long-term shareholder
benefit program are subject to the same conditions of use as the complimentary passport* forshareholders that is distributed with the current shareholder benefit program.
* Complimentary 1-day passports which can be used once only within the valid period of one year
at either Tokyo Disneyland or Tokyo DisneySea. The complimentary passport tickets are not valid
during the period of special operation hours (such as special operation hours during the year-end
and New Year).
5. Others
The requisite number of shares (100 shares and over) in order to become eligible for thedistribution under the long-term shareholder benefit program shall be based on the number ofshares held after the stock split scheduled on April 1, 2023.
Ⅵ. Others
1. Changes to amount of Oriental Land’s capital
There will be no change to the amount of Oriental Land’s capital through this stock split.
2. Dividends
As the effective date of this stock split will be April 1, 2023, the number of shares before thestock split will apply to the year-end dividend for the fiscal year ending March 31, 2023, which
will use the record date of March 31, 2023. Note that the forecast for the year-end dividend for thefiscal year ending March 31, 2023 has not changed from ¥18.00 per share.
End