Consolidated Financial Statements for the First Quarter ofthe Fiscal Year Ending March 31, 2024 (Japanese accounting standards)
July 28, 2023
These financial statements have been prepared for reference only in accordance with accounting principles and practices generally accepted in Japan.

Oriental Land Co., Ltd.
Code number: 4661, Prime Market of the Tokyo Stock Exchange
URL: https://www.olc.co.jp/en/
Representative: Kenji Yoshida, Representative Director and President
Contact: Yutaka Yokoyama, Director of Finance/Accounting Department
Planned Date for Submission of the Quarterly Report: August 14, 2023Planned Date for Start of Dividend Payment: —Supplementary materials for the quarterly financial statements: Yes
Briefing session on quarterly financial results:
Yes (for institutional investors)
Note: All amounts are rounded down to the nearest million yen.

1. Consolidated Results for the First Quarter of the Fiscal Year Ending March 31, 2024
(April 1, 2023 to June 30, 2023)(1) Consolidated Operating Results (Cumulative total)(Percentages represent change compared with the same period of the previous fiscal year.)Net sales(¥ million)(%)
Three months ended June 30, 2023
140,60443.2
Three months ended June 30, 2022
98,16697.0
Note: Comprehensive income:Three months ended June 30, 2023: ¥ 37,046 million (181.6%)
Three months ended June 30, 2022: ¥ 13,154 million (—%)

Operating profit (loss)(¥ million)
38,68017,062

(%)
126.7
—

Ordinary profit (loss)(¥ million)
39,05817,501(%)
123.2—

Earnings per share(diluted)(¥ million)
(%)
(¥)
(¥)
27,439126.7
Three months ended June 30, 2023
16.75
16.45
Three months ended June 30, 2022
12,105—
7.39
7.28
Note: On April 1, 2023, Oriental Land Co., Ltd. conducted a 5-for-1 common stock split. Earnings per share and diluted earnings per
share have been calculated on the presumption that the stock split was conducted at the beginning of the previous fiscal year.
Profit (Loss) attributable to owners of parent

Earnings per share(2) Consolidated Financial Position
As of June 30, 2023
As of March 31, 2023
Reference: Shareholders’ equity:

Total assets(¥ million)
1,219,922
1,206,419

Net assets(¥ million)
859,662829,689

Shareholders’ equity
ratio (%)
70.568.8

Net assets per share(¥)
524.79506.50

As of June 30, 2023: ¥859,662 million
As of March 31, 2023: ¥829,689 million
Note: On April 1, 2023, Oriental Land Co., Ltd. conducted a 5-for-1 common stock split. Net assets per share have been calculated on
the presumption that the stock split was conducted at the beginning of the previous fiscal year.

2. Dividends
Annual dividends (¥)
First quarterend

Second quarterend

Third quarterend

Year-end

Total

Fiscal Year ended March 31, 2023

—

18.00

—

22.00

40.00

Fiscal Year ending March 31, 2024

—4.00

—5.00

9.00

Fiscal Year ending March 31, 2024 (Est.)

Notes(1) Revisions to the latest announcement regarding dividend projection: None
(2) On April 1, 2023, the Company conducted a 5-for-1 common stock split. Dividends prior to the end of the fiscal year ended
March 31, 2023 are presented in actual value terms on a pre-split basis.

3. Projected Consolidated Results for the Fiscal Year Ending March 31, 2024
(April 1, 2023 to March 31, 2024)(Percentages represent change compared with the previous fiscal year or the same quarter of the previous fiscal year, as applicable.)
Profit (Loss) attributable Earnings perNet sales
Operating profit (loss) Ordinary profit (loss)
shareto owners of parent(¥ million)(%)(¥ million)(%)(¥ million)(%)(¥ million)(%)(¥)
Six months ending
257,184
26.0
55,31645.6
55,672
44.3
38,69046.2
23.62
September 30, 2023
Fiscal Year ending
543,95412.6
122,1699.9
122,564
9.6
86,991
7.8
53.10
March 31, 2024
Notes: Revisions to the latest announcement regarding result projection: None*Notes(1) Changes in Major Subsidiaries during the Three Months Ended June 30, 2023 (Changes in specified subsidiaries
due to changes in the scope of consolidation): None
(2) Application of Special Accounting Methods for Quarterly Consolidated Financial Statements: None
(3) Changes in Accounting Policies, Changes in Accounting Estimates, or Restatement(a) Changes in accounting policies due to changes in accounting standards: None(b) Changes other than (a) above: None(c) Changes in accounting estimates: None(d) Restatement: None
(4) Number of Shares Issued and Outstanding (Common stock)(a) Number of shares issued at end of period Three months ended
1,818,450,800 Year ended
1,818,450,800
June 30, 2023:
shares March 31, 2023:
shares(including treasury shares)(b) Number of treasury shares at end ofThree months ended
180,328,425 Year ended
180,364,610
June 30, 2023:
shares March 31, 2023:
sharesperiod(c) Average number of shares outstanding
Three months ended
1,638,104,343 Three months ended
1,637,693,645
June 30, 2023:
shares June 30, 2022:
shares(quarterly cumulative period)
Notes:(1) On April 1, 2023, the Company conducted a 5-for-1 common stock split. Number of shares issued and outstanding(common stock) have been calculated on the presumption that the stock split was conducted at the beginning of theprevious fiscal year.
(2) Number of treasury shares includes shares owned by the ESOP trust account of the employee stock plan.

* The Company’s quarterly consolidated financial statements are not subject to quarterly financial review bycertified public accountants or an auditing firm.
* Explanation on the Appropriate Usage of Performance Projections and Other Specific Matters
・The projections and other statements with respect to the future included in this material are based on currently available
information and certain assumptions that are judged reasonable by the Company. Please be advised that the Company
does not guarantee in any way the achievement of the projections and other goals in this material and that cases may
occur where the actual results and other situations differ materially from the projections due to various factors.
・The Company is scheduled to hold a financial results presentation for institutional investors and analysts on Friday, July28, 2023. Materials used at the presentation and the outline of its Q&A session will be promptly posted on theCompany’s website following the event.

Quarterly Consolidated Financial Statements and Key Notes(1) Quarterly Consolidated Balance Sheets
At the end of
the previous fiscal year
(March 31, 2023)

Items(Millions of yen)
At the end of
the first quarter(June 30, 2023)

ASSETS
Current assets
Cash and deposits

213,234

195,493

Notes and accounts receivable—trade, andcontract assets

22,07826,943

Securities

84,994

93,995Merchandise and finished goods

13,752

16,72475308

Work in process
Raw materials and supplies

9,183

9,490

Other

5,632

6,792

10(2)

348,941

349,745

335,551

332,321

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net

48,00647,592

Land

115,890

115,890

Construction in progress

257,669

259,919

Other, net

14,401

14,933

Total property, plant and equipment

771,518

770,656

Other

17,492

17,004

Total intangible assets

17,492

17,00468,562

82,61295)

95)

Intangible assets

Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

168,467

82,517

857,477

870,177

1,206,419

1,219,922

At the end of
the previous fiscal year
(March 31, 2023)

Items(Millions of yen)
At the end of
the first quarter(June 30, 2023)

LIABILITIESCurrent liabilities
Notes and accounts payable—trade

20,305

16,721

Current portion of bonds payable

30,00030,000Current portion of long-term borrowings

5,557

5,543

Income taxes payable

18,355

9,181

Other87,031

77,063

Total current liabilities

161,249

138,511200,000

200,000

5,407

5,105

Non-current liabilities
Bonds payable
Long-term borrowings
Provision for share awards

229

228

Retirement benefit liability

4,200

4,398

Other

5,643

12,017215,480

221,749

376,730

360,260

63,201

63,201

Total non-current liabilities
Total liabilities
NET ASSETS
Shareholders’ equity
Share capital
Capital surplus

115,628

115,628

Retained earnings

748,481768,706

Treasury shares

112,282)

112,142)

Total shareholders’ equity

815,027

835,393

13,72923,405932

862

14,661

24,268

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

2829,689

859,662

1,206,419

1,219,922

(2) Quarterly Consolidated Statements of (Comprehensive) Income(Quarterly Consolidated Statements of Income)Three months ended June 30, 2023
Three months ended
June 30, 2022
(April 1, 2022
to June 30, 2022)
98,166
63,07035,09518,032
17,062Items
Net sales
Cost of salesGross profit (loss)
Selling, general and administrative expenses
Operating profit (loss)(Millions of yen)Three months ended
June 30, 2023
(April 1, 2023
to June 30, 2023)
140,604
82,742
57,862
19,182
38,680Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method
Insurance received and insurance dividends
Subsidy income
Other
Total non-operating income

36286
149
* 208
200
782

32
330
36
55

90
133
118
342
17,501
17,501
3,307
2,088
5,396
12,105
12,105

89
134
83
307
39,05839,058
9,503
2,115
11,61827,43927,439—229
685

Non-operating expenses
Interest expenses
Commission expenses
Other
Total non-operating expenses
Ordinary profit (loss)
Profit (Loss) before income taxes
Income taxes—current
Income taxes—deferred
Total income taxes
Profit (Loss)
Profit (Loss) attributable to owners of parent3

(Quarterly Consolidated Statements of Comprehensive Income)Three months ended June 30, 2023
Three months ended
June 30, 2022
(April 1, 2022
to June 30, 2022)
12,105

Items
Profit (Loss)(Millions of yen)Three months endedJune 30, 2023
(April 1, 2023
to June 30, 2023)
27,439Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income

1,066
38
(56)
1,049
13,154

9,675
(69)
9,606
37,046

13,15437,046———Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests4(3) Notes Regarding the Consolidated Financial Statements for the First Quarter Under Review
Notes Regarding Going Concern Assumption: None
Notes Regarding the Occurrence of Significant Changes in Amount of Shareholders’ Equity: None

Matters Concerning Consolidated Statements of Income* Subsidy income
This is the income from the subsidies for cooperation paid by local governments for the reduction ofoperating hours in an effort to prevent the spread of COVID-19.
Segment Information
1. Three months ended June 30, 2022 (April 1, 2022 to June 30, 2022)
A. Net Sales and Profit (Loss) by Reportable Segment and Breakdown of Revenue(Millions of yen)
Reportable Segments
ThemePark

Hotel

Total

Other
Business*1

Total

Adjustment*2

Amount statedon theQuarterly
Consolidated
Statements ofIncome*3

Net sales
Attractions and40,316—40,316—40,316—40,316shows
Merchandise
24,167—
24,167—
24,167—
24,167
Food and
13,887—
13,887—
13,887—
13,887beverages
Other revenue
1,481
—
1,481
—
1,481
—
1,481
Hotel——－
15,60815,60815,60815,608Other—
－－－
2,704
2,704
2,704
Revenues from79,852
15,60895,461
2,704
98,166—
98,166
external customers
Transactions with1,968
168
2,136
953
3,089
(3,089)－other segments
Total
81,82015,776
97,597
3,658
101,255
3,089)
98,166
Segment profit (loss)
15,471
1,678
17,15016,99270
17,062158)
Notes: 1. The “Other Business” segment, which includes the Ikspiari, monorail, and employee cafeteria businesses, etc., isnot a reportable segment.
2. The segment profit (loss) adjustment amount of 70 million yen is the result of elimination of intersegment
transactions.
3. The segment profit (loss) is adjusted to be recorded as operating profit (loss) in the Quarterly Consolidated
Statements of Income.
B. Information regarding impairment loss on fixed assets and goodwill by reportable segment: None5

2. Three months ended June 30, 2023 (April 1, 2023 to June 30, 2023)
A. Net Sales and Profit (Loss) by Reportable Segment and Breakdown of Revenue(Millions of yen)
Reportable Segments
ThemePark

Hotel

Total

OtherBusiness
*1

Total

Adjustment*2

Amount statedon theQuarterly
Consolidated
Statements ofIncome*3

Net sales
Attractions and54,392—
54,392—54,392—54,392shows
Merchandise
39,634—
39,634—
39,634—
39,634
Food and20,512—
20,512—
20,512—
20,512
beverages
Other revenue
1,988
—
1,988
—
1,988
—
1,988
Hotel——－
20,36020,36020,36020,360
Other—
－－
－
3,716
3,716
3,716
Revenues from116,527
20,360136,8883,716
140,604—
140,604
external customers
Transactions with
2,584
184
2,769
929
3,698
(3,698)－other segments
Total
119,112
20,544
139,657
4,646
144,3033,698)
140,604
Segment profit (loss)
32,463
5,951
38,414
175
38,59090
38,680Notes: 1. The “Other Business” segment, which includes the Ikspiari, monorail, and employee cafeteria businesses, etc., isnot a reportable segment.
2. The segment profit (loss) adjustment amount of 90 million yen is the result of elimination of intersegment
transactions.
3. The segment profit (loss) is adjusted to be recorded as operating profit (loss) in the Quarterly Consolidated
Statements of Income.
B. Information regarding impairment loss on fixed assets and goodwill by reportable segment: None6