Results for the Third Quarter of
the Fiscal Year Ending March 2024
January 30, 2024
Oriental Land Co., Ltd.

1. Results for First Nine Months of FY3/24 vs. FY3/23[¥ billion]
FY3/23 Results[Cumulative 3Q]

FY3/24 Results[Cumulative 3Q]

351.0

466.2

115.2

32.8%

Theme Park Segment

287.0

387.8

100.7

35.1%

Hotel Business Segment

54.7

66.8

12.0

22.0%

Other Business Segment

9.1

11.6

2.4

26.8%

85.6

141.6

56.0

65.4%

Theme Park Segment

71.9

118.3

46.3

64.5%

Hotel Business Segment

13.3

21.8

8.4

63.4%

Other Business Segment

0.1

1.1

1.0

952.7%

Ordinary Profit

86.3

142.4

56.1

65.0%

Profit before Income Taxes

86.3

142.4

56.1

65.0%

Profit Attributable to Owners of Parent

60.0

99.8

39.7

66.2%

Consolidated Statement of Income
Net Sales

Operating Profit

2ChangeChange

Net sales and all levels of profit increased,primarily due to increases in attendance and net sales per guest221. Results for First Nine Months of FY3/24 vs. FY3/23 – Main Reasons for Change[¥ billion]

Theme Park Segment [1]Net Sales

FY3/23 Results[Cumulative 3Q]

FY3/24 Results[Cumulative 3Q]

287.0*

387.8

ChangeChange

100.7

35.1%

* Revenue of 3.4 billion yen for expired tickets whose refund support ended by the end of May 2022 is recorded in net sales, which is excluded from net sales per guest.

Main Reasons for Change

Y/Y Comparison

Attendance

Increased・Increase due to Tokyo Disney Resort® 40thAnniversary event
・Increase in the number of oversea guests
・Increase due to eased limit on attendance

Net Sales per Guest

Increased

3

Attractions and Shows

Increased・Increase in Disney Premier Access・Larger proportion of high-priced tickets owing tovariable pricing

Merchandise

Increased

・Strong sales of products related to Tokyo Disney
Resort 40th Anniversary

Increased

・Strong sales of menus and food souvenir items
related to Tokyo Disney Resort 40th Anniversary
・Decrease in the proportion of guests using table
service due to increased attendance

Food and Beverages

Net sales increased year on year due to rises
in attendance and net sales per guest

33

1. Results for First Nine Months of FY3/24 vs. FY3/23 – Main Reasons for Change[¥ billion]
FY3/23 Results[Cumulative 3Q]

FY3/24 Results[Cumulative 3Q]

Net Sales

287.0*

387.8

100.7

35.1%

Operating Profit

71.9

118.3

46.3

64.5%

Theme Park Segment [2]ChangeChange* Revenue of 3.4 billion yen for expired tickets whose refund support ended by the end of May 2022 is recorded in net sales.

Increase in operating profit[¥ billion]

Increase in miscellaneous costs

Increase in net sales
Increase in merchandise andfood/beverages cost ratio(0.5)

Increase in personnel expenses(10.1)(9.6)

Increase in maintenance costs(2.0)

Increase in research and development
expenses(1.1)

Increase in sales promotion costs(0.9)

Increase in IT-related expenses

(0.8)

4

Increase in personnel expenses forpart-time cast members(6.7)

Increase in personnel expenses for fulltime employees(2.0)

Increase in costs related to entertainment

(0.7)

Other

(1.4)

Other

(3.9)

Increase in depreciation and amortization
expenses(0.8)

Increase in newly acquired assets, etc.
Note: Increase in costs is expressed by figures in parentheses, which show by how much operating profit decreased.

Operating profit grew due to an increase in net sales despite a rise in costs

441. Results for First Nine Months of FY3/24 vs. FY3/23 – Main Reasons for Change[¥ billion]
Hotel Business Segment

FY3/23 Results[Cumulative 3Q]

FY3/24 Results[Cumulative 3Q]

54.7

66.8

12.0

22.0%

50.1

60.3

10.2

20.4%

86.9

99.1

12.2

50,70954,530

3,821

7.5%

4.6

6.4

1.8

39.2%

13.3

21.8

8.4

63.4%

Net Sales
Disney Hotels
Occupancy rate [%, pt]
Average charge per room [¥]Other Hotels
Operating Profit

Increase in net sales
・Increase in accommodation revenue due toa rise in Theme Park attendance

ChangeChange

Increase in operating profit
・Increase in net sales
・Increase in personnel expenses [¥(1.5 billion)]- Increase in the number of employees and increase due to compensation revision, etc.
・Increase in miscellaneous costs
・Decrease in depreciation and amortization expenses [¥0.3 billion]
Note: Increase in costs is expressed by figures in parentheses, which show by how much operating profit decreased.

5Both net sales and operating profit grew year on year, mainly due to increased
accommodation revenue on the back of a rise in Theme Park attendance[¥ billion]FY3/23 Results[Cumulative 3Q]

FY3/24 Results[Cumulative 3Q]

Net Sales

9.1

11.6

2.4

26.8%

Operating Profit

0.1

1.1

1.0952.7%

Other Business Segment

Increase in net sales
・ Increase in Monorail business due to a rise in the number of passengers
・ Increase in Ikspiari business due to greater real estate rent revenue

ChangeChangeIncrease in operating profit
・ Increase in net sales

Net sales and operating profit increased,
due to increases in net sales of Monorail and Ikspiari businesses55

2. Results for First Nine Months of FY3/24 vs. Revised Forecast in Oct.
Comparison withrevised forecast
announced in Oct.

Main reasons for change

・Attendance: Higher than projected
ー Increase thanks to special eventsー Increase in the number of overseas guests
Net sales

Higher thanprojected

・Net sales per guest: Roughly the same
・Attractions and shows: Roughly the same
・Merchandise: Roughly the same
・Food and beverages: Roughly the same

Operating profit

Higher thanprojected

Disney Halloween©Disney・Higher-than-projected net sales
・Lower-than-expected
6 miscellaneous costs

Disney Christmas©DisneyNet sales and operating profit surpassed our forecast announced in Oct.
owing to higher-than-expected Theme Park attendance.
Our forecast for the full fiscal year will not be revised now.

6Appendix

Disney Premier Access

Disney Premier AccessContents

Intro. datePrice◆Enchanted Tale of Beauty andthe Beast

May 19, 2022

¥2,000◆Splash MountainDec.1, 2022

◆The Happy Ride with Baymax

Intro. Date

Price

◆Soaring: Fantastic FlightMay 19, 2022

¥2,000¥1,500◆Toy Story Mania!

Jun. 10, 2022

¥2,000

Dec.1, 2022

¥1,500◇Believe! Sea of Dreams

Nov. 11, 2022

¥2,500◇Disney Harmony in ColorApr. 15, 2023

¥2,500◆Tower8 of Terror

Dec. 9, 2022

¥1,500◇Tokyo Disneyland Electrical
Parade Dreamlights

Apr. 15, 2023

¥2,500◆Journey to the Center ofthe Earth

Dec. 9, 2022

¥1,500◇Spooky “Boo!” Parade. TerminatedSep. 15, 2023*1¥2,500◆Anna and Elsa’s Frozen
JourneyJun. 6, 2024

¥2,000◇Disney Christmas Stories Terminated Nov. 8, 2023*2¥2,500◆Rapunzel’s Lantern FestivalJun. 6, 2024

¥2,000◇Disney Pal-Palooza
Minnie @Funderland¥2,500◆Peter Pan’s Never Land
AdventureJun. 6, 2024

¥2,000◆: Attraction ◇: Entertainment programNote: Information as of January 30, 2024

©DisneyJan. 10, 2024*3Contents*1 Included with Disney Premier Access from Sep.15 to Oct.31, 2023.
*2 Included with Disney Premier Access from Nov. 8 to Dec. 25, 2023.
*3 Included with Disney Premier Access from Jan. 10 to Mar. 19, 2024.

88

Tokyo Disney Resort 40th Anniversary Priority Pass

Tokyo Disney Resort 40th Anniversary Priority Pass
Attraction

Attraction

Start Tours: The Adventures Continue

Aquatopia get soaked version*Space Mountain

Indiana Jones® Adventure: Temple of the Crystal Skull

Buzz Lightyear’s Astro Blasters

20,000 Leagues Under the SeaBig Thunder Mountain

9Turtle Talk

Pooh’s Hunny Hunt

Nemo & Friends SeaRider

Haunted Mansion

The Magic Lamp TheaterMonsters, Inc. Ride & Go Seek!

Raging Spirits

Terminated*Tokyo Disney Resort 40th Anniversary Priority Pass for Aquatopia was offered only for a limited period [until September 6].
Note: Information as of January 30, 2024

©Disney99

Theme Parks Event Calendar for FY3/24
Apr.

May

Jun.

Apr. 15, 2023 to Mar. 31, 2024

Aug.

Jul. 4 to Sep. 6☆Splash Mountain“get soaked MAX”

Sep. 15toOct. 31

Jul. 4 toSep. 6NEW

☆Baymax’s Mission:
Cool Down↑★DisneyHalloween

Jul. 4 to
Sep. 6

NEW☆Get soaked Toontown

Tokyo DisneySea★Tokyo Disney Resort 40th “Dream-Go-Round”

NEW

Jul. 4 to Sep. 6☆Aquatopia get soakedversion

Nov.

Tokyo Disneyland

Apr. 15, 2023 to Mar. 31, 2024
Sep. 15
toOct. 31★DisneyHalloween

Jan.

Feb.

Mar.

★Tokyo Disney Resort 40th “Dream-Go-Round”

NEW

Nov. 8 toDec. 25★Disney Christmas

Jan. 1
to 8 ☆

Jan. 10 toMar. 19

NEW“Disney Pal-Palooza” the firstevent ★“Minnie’s Funderland”↓New Year’s Special Event

Tokyo DisneySea

Apr. 15, 2023 to Mar. 31, 2024
Sep. 15
toOct. 31

Dec.

Sep. 15
toOct. 31↑★DisneyHalloween

10Oct.

Sep.

★Tokyo Disney Resort 40th “Dream-Go-Round”

NEWTokyo Disneyland

Apr. 15, 2023 to Mar. 31, 2024

Jul.

★DisneyHalloween★Tokyo Disney Resort 40th “Dream-Go-Round”

NEWNov. 8 toDec. 25★Disney Christmas

Jan. 1
to 8 ☆

Jan. 9 to Apr. 7

Special version of “Tower of Terror”↓New Year’s Special Event★: Special events ☆: Programs ◆: New attractions and shows
Note: Program titles, contents, and dates are subject to change. Plans announced as of January 30, 2024

10Theme Parks Event Calendar for FY3/25
Apr.

MayJun.

Tokyo Disneyland

Apr. 1 to Jun. 30

NEW

Tokyo DisneySea

Apr. 9 to Jun. 30

Sep.

NEW

★Celebrating Space Mountain: The Final Ignition!

NEWSep. 20↑◆ New Nighttime Spectacular(Title to be announced)

Jul. 2 to Sep. 18☆Splash Mountain “get soaked MAX”

Jul. 2 to Sep. 18☆Baymax’s Mission: Cool Down

Jul. 2 to Sep. 18☆Get soaked Toontown★Tokyo DisneySea Food & Wine Festival★Dreaming of Fantasy Springs

NEW↓
Jan. 9 to Apr. 7
Special version of “Tower of Terror”

Oct.

Aug.

★“Disney Pal-Palooza”
the second event

Apr. 9 to Jun. 30
Apr. 9 to Jul. 31

Jul.

Jun. 6

Nov.

Dec.

NEW11
Opening of FantasySprings◆Anna and Elsa’s Frozen Journey◆Rapunzel’s Lantern Festival◆Peter Pan’s Never Land Adventure◆Fairy Tinker Bell’s Busy Buggies
Jan.

Feb.

Tokyo Disneyland Tokyo DisneySea

Oct. 1 to
Nov. 7★DisneyHalloweenNov. 15 toDec. 25★DisneyChristmas

Jan. 1☆ → New Year’s Special Event
to 13

Oct. 1 to
Nov. 7★DisneyHalloweenNov. 15 toDec. 25★DisneyChristmas

Jan. 1☆ → New Year’s Special Eventto 13★: Special events ☆: Programs ◆: New attractions and shows
Note: Program titles, contents, and dates are subject to change. Plans announced as of January 30, 2024Mar.

11

Ｏｒｉｅｎｔａｌ Ｌａｎｄ Ｃｏ., Ｌｔｄ.
Investor Relations Group, Finance/Accounting Department
URL: www.olc.co.jp/en
Cautionary Statement:
The purpose of this document is to provide information on the operating results and future management strategies ofthe OLC Group, and not to solicit investment in securities issued by the Company.
The data disclosed in this document are based on the judgments and available information as of the date of publication.
The OLC Group's business is sensitive to factors such as customer preferences, and social and economic conditions,and therefore the forecasts and outlook presented in this document contain uncertainties.
Theme Park attendance figures have been rounded, and financial figures have been truncated.
Please refrain from reprinting this document.