July 30, 2020
Oriental Land Co., Ltd.

Supplementary Materials; Results for the First Quarter of the Fiscal Year Ending March 31, 2021
Quarterly Consolidated Statements of Income (Actual/Previous First Quarter)

Quarterly Consolidated Statements of Income (Actual/Previous First Quarter)[A%LOOLon (94.9%) Decrease in Net Sales](Millions of yen)Three months
ended June 30, 2019
(April 1, 2019 to June 30, 2019)

Items

AmountThree months
ended June 30, 2020
(April 1, 2020 to June 30, 2020)%

Amount(Millions of yen)

(1) Net Sales
Items

Change(Decrease)%Amount%Net sales
Theme Park Segment
Hotel Business Segment
Other Business Segment

120,552
100,179
16,420
3,952

100.0
83.1
13.6
3.3

6,164
5,123
147
893

100.0
83.1
2.4
14.5

(114,387)(95,055)(16,273)(3,059)(94.9) A(94.9) 䐟(99.1) 䐠(77.4) 䐡

Cost of sales
Personnel expenses
Other expenses
Depreciation and amortization

72,26918,97545,656
7,637

59.9

12,963
4,176
8,184
602

210.3

(59,306)(14,799)(37,472)(7,034)(82.1)

Gross profit

48,282

40.1(6,798)(110.3)(55,081)-

16,345

13.6

8,8436,299
8,733
1,312

143.4

3,883
4,380
579

(7,502)

ChangeChange(%)

Primary reasons for change[B. 47.5 Billion Decrease in Operating Profit](Millions of yen)Three months
ended June 30,
2019

Three months
ended June 30,2020

ChangeChange(%)մ Theme Park Segment

31,93627,182
3,784
911
57

26.5
22.6
3.1
0.8
0.0

(15,641)(11,439)(3,198)(1,035)31(253.7)(185.6)(51.9)(16.8)
0.6(47,578)(38,622)(6,982)(1,947)(25)- B- 䐢- 䐣- 䐤
(44.9)

Non-operating income

1,0860.9

753

12.2

(332)

(30.6)

Non-operating expenses

260

0.2

395

6.4

134

51.8

32,76227.2(15,283)(247.9)(48,045)---

21,198343.9

21,198- 䐥

Profit before income taxes

32,76227.2(36,481)(591.8)(69,244)-

Income taxes

9,838

8.2

(11,610)(188.3)(21,449)-

Profit22,92319.0(24,871)(403.5)(47,794)-

Profit attributable to owners of parent

22,92319.0(24,871)(403.5)(47,794)-

27,182(11,439)

Primary reasons for change(38,622)

࣭Decrease in net sales
࣭Decrease in personnel expenses [¥14.5 billion]-Transfer to extaordinary loss, decrease in personnel expenses for part-time
employees, etc.
- ࣭Decrease in miscellaneous costs [¥6.9 billion]
ࠉ-Transfer to extaordinary loss, decrease in marketing expenses, costs related tospecial events, etc.
࣭Decrease in depreciation and amortization expenses [¥6.8 billion]-Transfer to extaordinary loss, etc.

(45.9)(2,416)(4,352)(733)

Operating profit
Theme Park Segment
Hotel Business Segment
Other Business Segment[Elimination and corporate]

Ordinary profitThree months
ended June 30,2020

䐟 Theme Park Segment
100,179
5,123(95,055)(94.9)
Attractions and shows
46,8483,844(43,004)(91.8)
Merchandise
33,478959(32,519)(97.1) 䞉Decrease due to the temporary closure of both Parks
Food and beverages
18,475
1(18,474)(100.0)
Others1,375
319(1,056)(76.8)
䐠 Hotel Business Segment
16,420147(16,273)(99.1)
Disney Hote䡈s*1
14,35326(14,326)(99.8) 䞉Decrease due to the temporary closure of hotels
Others2,067
120(1,946)(94.2)䐡 Other Business Segment
3,952893(3,059)(77.4)
Ikspiari
1,661419(1,242)(74.8) 䞉Decrease due to the temporary closure of Ikspiari BusinessMonorail
1,17732(1,144)(97.3) 䞉Decrease due to the temporary closure of Monorail Business
Others
1,113441(671)(60.3)*1 Including Disney Ambassador Hotel, Tokyo DisneySea Hotel MiraCosta, Tokyo Disneyland Hotel and Tokyo Disney Celebration Hotel.
(2) Theme Park Information (Year-on-year comparison)
As both Parks were temporarily closed during the first quarter under review, there are no actual figures for attendance or net sales per Guest.

Items

Selling, general and administrative
expenses
Personnel expenses
Other expenses
Depreciation and amortization

Three months
ended June 30,2019䐣 Hotel Business Segment

3,784(3,198)(6,982)

࣭Decrease in net sales
࣭Decrease in personnel expenses [¥2.3 billion]-Transfer to extaordinary loss, decrease due to reduction of working hours, etc.
- ࣭Decrease in miscellaneous costs [¥0.9 billion]-Decrease in maintenance costs,, transfer to extaordinaryy loss,, etc.
࣭Decrease in depreciation and amortization expenses [¥0.7 billion]-Transfer to extaordinary loss, etc.

ն Other Business Segment

911(1,035)(1,947)- ࣭Decrease in net sales, etc.

[C. 47.7 Billion Decrease in Profit attributable to Owners of Parent]䐥 Increase in Extraordinary Loss

Extraordinary loss

[Reference] Changes in Consolidated First Quarter Results

Net Sales

Operating Profit

Operating Margin (%)
118.5

103.2

106.9

120.7

50.0Profit Attributable to Owners of Parent

120.5

109.8
41.8

40.0
30.0

98.5

20.0
78.5

21.9
58.5

21.3

22.8

24.7

31.8

26.5

22.7
22.5
16.2
15.5

Tokyo
DisneyResort 35thAnniversaryTokyoDisneySea
15thAnniversary

18.5

6.1

Influenceof thespreadof
COVIDͲ19Tokyo
DisneySea
15thAnniversary

Ͳ10.0
Ͳ20.0

Tokyo Disney
Resort 35thAnniversary(15.6)(24.8)

Ͳ30.0
Ͳ40.0

6/15
-21.5

6/16

6/17

6/18

6/19

ChangeChange(%)

Primary reasons for change

Theme Park Segment-19,715

19,715

䞉Transfer to personnel expenses [¥7.7 billion]*2
䚷-Part of personnel expenses incurred during the temporary closure of both Parks
䞉Transfer to miscellaneous costs [¥3.2 billion]
䚷-Outsourcing, fixed asset tax during the temporary closure of both Parks, etc.
- 䞉Transfer to depreciation and amortization expenses [¥7.2 billion]
䚷-Depreciation and amortization expenses during the temporary closure of bothParks
䞉Personnel expenses in costs of food and beverages*2, disposal of merchandise
and raw material, etc. [¥1.4 billion]

Hotel Business Segment-1,262

1,262-

Other Business Segment-219219C

䞉Transfer to personnel expenses [¥0.1 billion]*2
䚷-Part of personnel expenses incurred during the temporary closure of hotels
䞉Transfer to miscellaneous costs [¥0.3 billion]
䚷-Fixed asset tax during the temporary closure of hotels, etc.
䞉Transfer to depreciation and amortization expenses [¥0.7 billion]
䚷-Depreciation and amortization expenses during the temporary closure of hotels

䞉Transfer to depreciation and amortization expenses [¥0.1 billion]- 䚷-Depreciation and amortization expenses of Ikspiari business during thetemporary closure of Ikspiari, etc.

[Overview]
1. Net Sales and Operating Profit for the First Quarter Results
Year-on-year comparison: Both net sales and operating profit decreased.
࣭ Net sales decreased year on year due to the temporary closure of both Parks and Disney Hotels as a measure to prevent the spread of COVID-19.
࣭ Operating profit declined year on year owing to decreased net sales, although operating expenses fell as a result of the temporary closure of both Parks
and part of the operating expenses were transferred to extraordinary loss.
2. Forecasts for the Consolidated Cumulative Second Quarter and Full Year࣭ At the moment, since it is unable to make any resonable forecast, the forecasts for consolidated cumulative second quarter and full year have not beenannounced yet. We will calculate reasonable financial forecast considering our Theme Park attendance and the situation of the spread of COVID-19
during the second quarter, and disclose with the financial results for the second quarter.

[Theme Park Events during the Fiscal Year Ending March 31, 2021]

1.8
-1.5

Three months
ended June 30,
2020*2 As the employment adjustment subsidy to be received from the government as a special measure to address the impact of COVID-19, highly accurate amount to be received
is reasonably calculated, and has been deducted from the extraordinary loss.

0.0
21.8

38.5

31.9
29.8
25.0
22.9
21.120.9

10.0

Influenceof thespreadof
11.8
COVIDͲ19(Millions of yen)Three months
ended June 30,2019(Billions of yen)

Operating Profit andProfit Attributable to Owners of Parent

Net Sales and Operating Margin

Items

Ͳ50.0

6/20

6/15
-8.2

6/16

6/17

6/18

6/19

6/20

We have decided to suspend
the events and programs
scheduled to be held at both Parks as partthe spreadof COVID-19 with
pp g
p of our measures to preventpp
the aim of enabling Guests to enjoy the Theme Parks safely and peace of mind by giving top priority to the health and safety of Guests and Cast Members.
The opening date of the area of Tokyo Disneyland Large-Scale Development, which had been scheduled as April 15, 2020, will be decided in considerationof the situation at both Parks after reopening. Furthermore, we have decided to postpone the “Happy Fair with Baymax” program planned to be rolled out
from June 4 to November 1, 2020. The program start date and period will be announced separately.