Oriental Land beats forecasts with strong first half, driven by new attractions

Oriental Land Co., Ltd. reported consolidated net sales of ¥316.1 bn for the first half of the fiscal year ending March 2026, exceeding both the previous year's figures and its own forecast by 0.4%. Operating profit reached ¥68.2 bn, a significant 10.3% above forecast. This strong performance was primarily attributed to the successful launch of Fantasy Springs, well-received special events, and lower-than-expected miscellaneous costs. Net sales per guest increased across all revenue categories, reaching a record high of ¥18,196, a 5.2% increase from the previous year.

The Theme Park Segment saw net sales rise by 5.4% to ¥251.7 bn, despite attendance remaining largely unchanged at 12.25 million people. This growth was fueled by higher-priced tickets, increased sales in Disney Premier Access, and a robust merchandise and food and beverage performance. The Hotel Business Segment experienced an 11.6% increase in net sales to ¥56.1 bn and a 41.4% surge in operating profit to ¥17.5 bn, driven by the full fiscal year operation of Tokyo DisneySea Fantasy Springs Hotel and increased room rates.

Despite strong first-half results, the company maintains its full-year earnings forecast for the fiscal year ending March 31, 2026, due to anticipated attendance patterns in the latter half of the year. Oriental Land also announced an organizational restructuring to shift to a more agile and specialized structure to accelerate medium- to long-term growth and enhance corporate value.