Oriental Land Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 1, 2015; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2016
January 28, 2016 at 11:00 am EST
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Oriental Land Co., Ltd. reported consolidated earnings results for the nine months ended December 1, 2015. For the nine months period, the company reported net sales of JPY 354,452 million, operating income of JPY 92,148 million, ordinary income of JPY 93,678 million and profit attributable to owners of parent of JPY 63,300 million or JPY 183.94 per diluted share as compared to Net Sales were JPY 352,100 million, operating income was JPY 91,367 million, ordinary income was JPY 92,672 million and profit attributable to owners of parent was JPY 60,852 million or JPY 176.07 per diluted share for the same period a year ago. Income before income taxes was JPY 93,468 million compared to JPY 92,672 million a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2016. For the year, the company expects net sales to be JPY 470,310 million, operating income to be JPY 106,050 million, ordinary income to be JPY 107,300 million and profit attributable to owners of parent to be JPY 72,240 million or JPY 216.20 per share.
Oriental Land Co., Ltd. specialises in the operation of entertainment sites. Net sales break down by activity as follows:
- operation of theme parks (79.3%): ownership, at the end of March 2022, of 2 theme parks (Tokyo Disneyland and Tokyo DisneySea);
- hotel operations (17.2%): owning of Disney Ambassador Hotel, Tokyo DisneySea Hotel MiraCosta, Tokyo Disneyland Hotel, Tokyo Disney Resort Toy Story Hotel, Tokyo Disney Celebration Hotel, Urayasu Brighton Hotel and Kyoto Brighton Hotel;
- other (3.5%).
Oriental Land Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 1, 2015; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2016