Results for the First Quarter of

the Fiscal Year Ending March 2023

July 28, 2022

Oriental Land Co., Ltd.

Results for First Three Months of FY3/23 vs. FY3/22

[¥ billion]

Consolidated Statement of Income

FY3/22 Results

FY3/23 Results

Change

Change

[1Q]

[1Q]

Net Sales

49.8

98.1

48.3

97.0%

Theme Park Segment

39.6

79.8

40.1

101.2%

Hotel Business Segment

7.9

15.6

7.6

95.7%

Other Business Segment

2.1

2.7

0.5

25.2%

Operating Profit (Loss)

(8.8)

17.0

25.8

-

Theme Park Segment

(7.5)

2

15.4

23.0

-

Hotel Business Segment

(0.8)

1.6

2.5

-

Other Business Segment

(0.4)

(0.1)

0.2

-

Ordinary Profit (Loss)

(8.2)

17.5

25.7

-

Profit (Loss) before Income Taxes

(8.2)

17.5

25.7

-

Profit (Loss) Attributable to Owners of Parent

(6.0)

12.1

18.1

-

Net sales increased year on year, primarily due to a rise in attendance,

resulting in a return to profitability

2

Results for First Three Months of FY3/23 vs. FY3/22 - Main Reasons for Change

[¥ billion]

Theme Park Segment [1]

FY3/22 Results

FY3/23 Results

Change

Change

[1Q]

[1Q]

Net Sales

39.6

79.8*

40.1

101.2%

*Revenue of 3.4 billion yen for expired tickets (sold by the beginning of May 2021) whose refund support ended by the end of May 2022 is recorded in net sales.

Y/Y Comparison

Main Reasons for Change

Attendance

Increased

Eased limit on attendance

Limits were set on attendance in 1Q of FY3/23 in line with the Amusement Park and

Theme Park New Coronavirus Infection Containment Guidelines (revised on March 22, 2022)

[Major revision to the Guidelines]

3

  • The social distancing requirement was changed from "at least 1 m" to "a distance sufficient to enable people to avoid physical contact."

April

May

Before April 24

Social distancing of at least 1 m was secured while preparations to change the requirement were made in line with the revised Guidelines. The limit was therefore set at roughly at 50% of capacity.

From April 25

Eased social distancing requirement in line with the revised Guidelines.

June

Attendance increased as a result of easing limit on attendance

3

Results for First Three Months of FY3/23 vs. FY3/22 - Main Reasons for Change

Y/Y Comparison

Main Reasons for Change

Net Sales per Guest

Increased

・Larger proportion of high-priced tickets owing to

Increased

variable pricing

・Strong performance of Tokyo Disney Resort Vacation

Attractions and Shows* [ ]

Packages

・Introduction of Disney Premier Access

Merchandise []

Increased

・Strong sales of products related to Tokyo DisneySea

20th Anniversary

Food and Beverages []

Increased

・Increased dining opportunities due to expanded Park

operating hours

・Resumed sales of alcoholic beverages

Note: "Ticket receipts" applies to the FY3/22 results while "Attractions and shows" applies to FY3/23. Refer to page 10 of the Appendix for details.

Introduction of Disney Premier Access

4

Tokyo Disneyland

Tokyo DisneySea

May

May 19-

May 19-

●Enchanted Tale of Beauty and

●Soaring: Fantastic Flight

the Beast

June

Jun. 10-

●Toy Story Mania!

©Disney

Concept image of the screen for purchasing Disney Premier Access

Net sales per Guest increased year on year in all revenue categories

4

Results for First Three Months of FY3/23 vs. FY3/22 - Main Reasons for Change

[¥ billion]

Theme Park Segment [2]

FY3/22 Results

FY3/23 Results

Change

Change

[1Q]

[1Q]

Net Sales

39.6

79.8

40.1

101.2%

Operating Profit (Loss)

(7.5)

15.4

23.0

-

Increase in operating profit

[¥billion]

Increase in net sales

Decrease in merchandise and

1.3

food/beverages cost ratio

Increase in personnel expenses

(3.7)

YoY difference in receipt of

(2.4)

employment adjustment subsidy*

Increase in personnel expenses for

(0.6)

full-time employees

Increase in personnel expenses for

(0.4)

part-time Cast Members

Others

(0.1)

Increase in miscellaneous costs

(1.5)

Increase in energy costs

(0.4)

Increase in maintenance costs

(0.3)

Other

(0.7)

5

Increase in depreciation and amortization

(0.2)

expenses

Note: Increase in costs is expressed by figures in parentheses, which show by how much operating profit decreased. * The employment adjustment subsidy received (or expected to be received) is deducted from operating expenses.

Operating profit returned to the black

due to an increase in net sales despite a rise in costs

5

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OLC - Oriental Land Co. Ltd. published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 08:07:08 UTC.