Oriental Land, which operates Tokyo Disney Resort, announced its consolidated financial results for the April-September period of 2024 on the 30th. Although there were positive factors such as the opening of a new area at Tokyo DisneySea in June, the final profit decreased compared to the same period last year due to this summer’s intense heat and a decline in park attendance due to a lull in “revenge spending” after the coronavirus outbreak. It was 45.5 billion yen, a decrease of 16.5%. Going forward, due to strong merchandise sales and other factors, the company has left its initial forecast for full-year results for the fiscal year ending March 2025 unchanged.
According to the company, sales for the April-September period were 297.2 billion yen, an increase of 4.5% from the same period of the previous year, while operating profit, which represents the company’s main business profits, was 63.1 billion yen, down 18.0%.
Paid passes that give priority access to attractions in the new area “Fantasy Springs” were popular, pushing up the unit price per customer. However, the number of visitors decreased by about 300,000 compared to the same period last year due to the intense heat, a easing of revenge spending, and a reaction to the 40th anniversary event at Tokyo Disneyland last year. In addition, increased costs due to rising prices and personnel costs led to a decline in profits.
Looking ahead to the fiscal year ending March 31, 2025, in the second half, in addition to the strong sales of various contents, sales are expected to increase due to Halloween and Christmas-related events, and the initial forecast of final profit of 120.5 billion yen, an increase of 0.2% from the previous fiscal year, has been maintained. .
Source: Japanese