Consolidated Financial Statements for the Third Quarter ofthe Fiscal Year Ending March 31, 2024 (Japanese accounting standards)
January 30, 2024
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: Kenji Horikawa, Officer and Director of Finance/Accounting Department
Planned Date for Submission of the Quarterly Report: February 14, 2024
Planned Date for Start of Dividend Payment: ―Supplementary materials for the quarterly financial statements:
Yes
Yes (for institutional investors)
Briefing session on quarterly financial results:
Note: All amounts are rounded down to the nearest million yen.

1. Consolidated Results for the Third Quarter of the Fiscal Year Ending March 31, 2024
(April 1, 2023 to December 31, 2023)(1) Consolidated Operating Results (Cumulative total)(Percentages represent change compared with the same period of the previous fiscal year.)Net sales

Operating profit (loss)(¥ million)(%)(¥ million)
Nine months ended Dec. 31, 2023
466,27632.8
141,667
351,02584.4
85,651
Nine months ended Dec. 31, 2022
Note: Comprehensive income:Nine months ended December 31, 2023: ¥112,431 million (81.9%)
Nine months ended December 31, 2022: ¥61,805 million (—%)

(%)
65.4
—

Ordinary profit (loss)(¥ million)
142,499
86,384(%)
65.0—

Earnings per share(diluted)(¥ million)
(%)
(¥)
(¥)
Nine months ended Dec. 31, 2023
99,831
66.2
60.94
59.82
Nine months ended Dec. 31, 2022
—60,062
36.67
36.07
Note: On April 1, 2023, Oriental Land Co., Ltd. conducted a 5-for-1 common stock split. Earnings per share and earnings per share(diluted) 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
Total assets(¥ million)
1,322,807
1,206,419

Net assets(¥ million)
927,849
829,689

Shareholders’ equityratio (%)
70.1
68.8

Net assets per share(¥)
566.32506.50

As of December 31, 2023
As of March 31, 2023
Reference: Shareholders’ equity:
As of December 31, 2023: ¥927,849 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 quarter-end

Second quarter-end

Third quarter-end

Year-end

Total—18.00
—
22.00
40.00
Fiscal year ended March 31, 2023
Fiscal year ending March 31, 2024—
5.00—
Fiscal year ending March 31, 2024 (Est.)
6.00
11.00
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 March31, 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.)
Operating profit
Profit (loss) attributable Earnings
Net sales
Ordinary profit (loss)(loss)
per share
to owners of parent(¥ million)(%)(¥ million)(%)(¥ million)(%)(¥ million)(%)(¥)
Fiscal year ending
594,68823.1
146,70931.9
147,36431.8
105,180
30.3
64.20
March 31, 2024
Note: Revisions to the latest announcement regarding result projection: None

*Notes(1) Changes in Major Subsidiaries during the Nine Months Ended December 31, 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 Nine months endedDecember 31, 2023:(including treasury stock)(b) Number of treasury stock at end ofNine months ended
December 31, 2023:
period(c) Average number of shares outstanding
Nine months ended
December 31, 2023:(quarterly cumulative period)

1,818,450,800
sharesYear ended March 31,2023:

1,818,450,800
shares180,077,356
sharesYear ended March 31,2023:

180,364,610
shares1,638,207,648
sharesNine months ended
December 31, 2022:

1,637,816,530
shares

Notes:(1) On April 1, 2023, the Company conducted a 5-for-1 common stock split. Number of shares issued and outstanding(common stock) has been calculated on the presumption that the stock split was conducted at the beginning of the previous
fiscal year.
(2) Number of treasury stock 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 Tuesday, January 30, 2024.
Materials used at the presentation and the outline of its Q&A session will be promptly posted on the Company’s website following theevent.

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

Cash and deposits

213,234

252,537

Notes and accounts receivable—trade, and contract assets

22,078

29,100

Securities

84,994125,992

Merchandise and finished goods

13,752

12,893

Items
ASSETS
Current assets

75815

Raw materials and supplies

9,183

9,691

Other5,632

7,277

Work in process10(2)348,941

438,306

Buildings and structures, net

335,551

326,241

Machinery, equipment and vehicles, net

48,00643,913

Land

115,890

115,890

Construction in progress

257,669

282,390

Other, net

14,401

13,140Total property, plant and equipment

771,518

781,575

Other

17,492

15,912

Total intangible assets

17,492

15,912

68,562

87,108

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment

Intangible assets

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

195)

(95)

68,46787,013

857,477884,501

1,206,419

1,322,807

At the end of
the previous fiscal year
(March 31, 2023)(Millions of yen)
At the end of
the third quarter(December 31, 2023)

Notes and accounts payable—trade

20,305

17,896

Current portion of bonds payable

30,00060,000Current portion of long-term borrowings

5,557

6,368

Income taxes payable

18,35530,811Other87,031

87,493

Total current liabilities

161,249

202,570

200,000

170,000

5,4073,243

229

227

Items
LIABILITIESCurrent liabilities

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

4,200

4,619

Other

5,643

14,297215,480

192,388376,730

394,958

Share capital

63,201

63,201

Capital surplus

115,628

115,672

Total non-current liabilities
Total liabilities
NET ASSETS
Shareholders’ equity

Retained earnings

748,481

832,900

Treasury shares

112,282)(111,187)

Total shareholders’ equity

815,027

900,587

13,72926,537932

724

14,661

27,261

829,689

927,849

1,206,419

1,322,807

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 assets2(2) Quarterly Consolidated Statements of (Comprehensive) Income(Quarterly Consolidated Statements of Income)Nine months ended December 31, 2023
Nine months ended
December 31, 2022
(April 1, 2022 to
December 31, 2022)

Items(Millions of yen)
Nine months ended
December 31, 2023
(April 1, 2023 toDecember 31, 2023)

Net sales

351,025

466,276

Cost of sales

210,958

265,256

Gross profit (loss)

140,066

201,019

Selling, general and administrative expenses

54,41459,352

Operating profit (loss)

85,651

141,667Interest income

78

101

Dividend income

552

Share of profit of entities accounted for using equity method

463―

Insurance received and insurance dividends

270
* 194

311
―

707

659

1,714

1,790

270

Non-operating income

Subsidy income
Other
Total non-operating income

165

Non-operating expenses
Share of loss of entities accounted for using equity method

17267
―

Commission expenses

403

403

Other290

287

Total non-operating expenses

981

958

Ordinary profit (loss)

86,384142,499

Profit (Loss) before income taxes

86,384142,499

Income taxes—current

13,135

39,113

Income taxes—deferredInterest expenses

13,186

3,553

Total income taxes

26,322

42,667

Profit (Loss)

60,062

99,831

Profit (Loss) attributable to owners of parent

60,062

99,831

3

(Quarterly Consolidated Statements of Comprehensive Income)Nine months ended December 31, 2023

Items
Profit (Loss)

Nine months endedDecember 31, 2022
(April 1, 2022 toDecember 31, 2022)(Millions of yen)
Nine months ended
December 31, 2023
(April 1, 2023 toDecember 31, 2023)

60,062

99,831

2,084

12,807172)―

Other 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 income168)

207)

1,743

12,59961,805

112,43161,805

112,431―

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 Third 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. Nine months ended December 31, 2022 (April 1, 2022 to December 31, 2022)
A. Net Sales and Profit (Loss) by Reportable Segment and Breakdown of Revenue(Millions of yen)
Reportable Segments
ThemePark

Hotel

Other
Business*1

TotalTotal

Adjustment*2

Amount statedon the Quarterly
Consolidated
Statements ofIncome*3

Net sales
Attractions and shows
142,551— 142,551—
142,551—
142,551
Merchandise
89,632—
89,632—
89,632—
89,632
Food and beverages
49,874—49,874—49,874—49,874
Other revenue
5,004
—
5,004
—
5,004
—
5,004
Hotel—
54,77754,777—54,777—54,777
Other———9,184
9,184
—
9,184
Revenues from
287,062
54,777 341,840
9,184
351,025—
351,025
external customers
Transactions with
6,653
497
7,150
3,091
10,242(10,242)—other segments
Total
293,716
55,275 348,991
12,275361,267(10,242)
351,025
Segment Profit (Loss)
71,955
13,38085,335110
85,446
204
85,651
Notes: 1. The “Other Business” segment, which includes the Ikspiari, monorail, and employee cafeteria businesses, is not
a reportable segment.
2. The segment profit (loss) adjustment amount of 204 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. Nine months ended December 31, 2023 (April 1, 2023 to December 31, 2023)
A. Net Sales and Profit (Loss) by Reportable Segment and Breakdown of Revenue(Millions of yen)
Reportable Segments
ThemePark

Hotel

Other
Business*1

TotalTotalAdjustment*2

Amount statedon the Quarterly
Consolidated
Statements ofIncome*3

Net sales
Attractions and shows
186,627— 186,627—
186,627—
186,627
Merchandise
126,427— 126,427—
126,427—
126,427
Food and beverages
67,546—67,546—67,546—67,546
Other revenue
7,203
—
7,203
—
7,203
—
7,203
Hotel
—
66,822
66,822—
66,822—
66,822Other———
11,648
11,648—
11,648
Revenues from387,804
66,822 454,627
11,648466,276—
466,276
external customers
Transactions with
7,944
553
8,497
2,898
11,395(11,395)—
other segments
Total
395,748
67,375 463,124
14,546477,671(11,395)
466,276
Segment Profit (Loss)
118,335
21,868 140,203
1,167
141,371295
141,667
Notes: 1. The “Other Business” segment, which includes the Ikspiari, monorail, and employee cafeteria businesses, is not
a reportable segment.
2. The segment profit (loss) adjustment amount of 295 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