Latest news with #OrientalLandCo.
Kyodo News
4 days ago
- Business
- Kyodo News
Tokyo Disney Resort operator may cut ticket prices for theme parks
KYODO NEWS - 2 hours ago - 23:35 | All, Japan, Travel/Tourism The Tokyo Disney Resort operator could lower ticket prices for its theme parks, company President Wataru Takahashi said Friday, as more people cut discretionary spending due to inflation. Oriental Land Co. will likely consider lowering prices or adjusting the price range for Tokyo Disneyland and Tokyo DisneySea. Prices normally fluctuate in response to projected demand. A one-day ticket for either of the parks, located in Urayasu near Tokyo, currently costs between 7,900 yen ($55) and 10,900 yen per adult. Takahashi's remark came as Oriental Land considers a large-scale redevelopment of parts of its parks under the company's long-term business strategy through fiscal 2035. Speaking about the company's cruise ship that is slated to start operating in fiscal 2028, Takahashi, who was appointed president and chief operating officer on April 1, told reporters the company aims to get it "on track." He described the cruise ship as "the integration of a theme park and hotel sailing across the ocean," adding that every passenger will be able to enjoy a show with fewer restrictions like those experienced at theme parks where patrons often must win a seat in a lottery. Related coverage: New Universal Studios Japan chief eyes expansion of park attractions Disney-themed shinkansen bullet train shown ahead of launch Shanghai to open Harry Potter theme park in 2027
Kyodo News
4 days ago
- Business
- Kyodo News
Tokyo Disney Resort operator may cut ticket prices for theme parks
KYODO NEWS - 8 minutes ago - 23:35 | All, Japan, Travel/Tourism The Tokyo Disney Resort operator could lower ticket prices for its theme parks, company President Wataru Takahashi said Friday, as more people cut discretionary spending due to inflation. Oriental Land Co. will likely consider lowering prices or adjusting the price range for Tokyo Disneyland and Tokyo DisneySea. Prices normally fluctuate in response to projected demand. A one-day ticket for either of the parks, located in Urayasu near Tokyo, currently costs between 7,900 yen ($55) and 10,900 yen per adult. Takahashi's remark came as Oriental Land considers a large-scale redevelopment of parts of its parks under the company's long-term business strategy through fiscal 2035. Speaking about the company's cruise ship that is slated to start operating in fiscal 2028, Takahashi, who was appointed president and chief operating officer on April 1, told reporters the company aims to get it "on track." He described the cruise ship as "the integration of a theme park and hotel sailing across the ocean," adding that every passenger will be able to enjoy a show with fewer restrictions like those experienced at theme parks where patrons often must win a seat in a lottery. Related coverage: New Universal Studios Japan chief eyes expansion of park attractions Disney-themed shinkansen bullet train shown ahead of launch Shanghai to open Harry Potter theme park in 2027
Yomiuri Shimbun
29-04-2025
- Business
- Yomiuri Shimbun
Tokyo Disney Resort Operator Oriental Land Plans 2nd Cruise Ship, Hotel Expansion; Firm Saw Record-high Per Visitor Revenue in FY2024
Courtesy of Oriental Land An artist's rendering of planned renovations at Tokyo Disney Resort Tokyo Disney Resort operator Oriental Land Co. has unveiled plans for a second Disney cruise ship and an increase in Disney hotels, driven by strong occupancy rates, as part of its long-term management strategy. The firm's first cruise ship is scheduled to start service in FY2028. This proactive investment aims to boost the company's sales to more than ¥1 trillion by fiscal 2035, which is 1.5 times its current revenue, according to the company. The company also announced Monday its consolidated financial results for the fiscal year ending March 2025, revealing record-high sales and operating profit. Sales amounted to ¥679.3 billion, representing a 9.8% year-on-year increase, and operating profit grew by 4% to ¥172.1 billion. The combined visitor numbers for Tokyo Disneyland and Tokyo DisneySea reached 27.56 million in fiscal 2024, a slight increase from the previous year's 27.51 million. Nevertheless, robust sales of priority passes and premium-priced tickets resulted in a record-high per visitor revenue of ¥17,833, marking a 7.1% rise. In its outlook, the company plans to explore large-scale developments, including increasing hotel capacity and refurbishing park areas to boost visitor numbers further. Although cruise ship operations have not yet commenced, Oriental Land expects to achieve profitability from fiscal 2029, a forecast based on the robust performance of Disney Enterprises Inc.'s cruise line in the United States and expected use by repeat theme park guests.
28-04-2025
- Business
Tokyo Disney Operator Targets 1-T.-Yen Sales in 10 Years
News from Japan Economy Apr 28, 2025 21:09 (JST) Tokyo, April 28 (Jiji Press)--Oriental Land Co., the operator of Tokyo Disneyland and Tokyo DisneySea, said Monday that it aims to achieve sales of at least 1 trillion yen in fiscal 2035, which ends in March 2036. The company is considering launching a second vessel in the future for its Disney Cruise business expected to start in Japan in fiscal 2028. "We expect cruise operations to be profitable starting in fiscal 2029, aiming to make the business more profitable than our theme park operations a few years after the launch," Wataru Takahashi, president and chief operating officer at Oriental Land, told an online news conference. For the theme park business, the company plans to invest in the redevelopment of the Space Mountain area at Tokyo Disneyland and revamp some other areas. It said specific plans have yet to be determined. Under a variable pricing system, the company is considering changing the ticket price range and other conditions. [Copyright The Jiji Press, Ltd.] Jiji Press
28-04-2025
- Business
Tokyo Disney Operator Posts Record Annual Sales
News from Japan Economy Apr 28, 2025 17:00 (JST) Tokyo, April 28 (Jiji Press)--Oriental Land Co., the operator of Tokyo Disneyland and Tokyo DisneySea, said Monday that its consolidated sales, operating profit and net profit for the year ended March all hit record highs. Sales grew 9.8 pct from the previous year to 679.3 billion yen, thanks to the opening of the new 'Fantasy Springs' area at Tokyo DisneySea last June and an increase in demand for higher-priced tickets. Operating profit climbed 4.0 pct to 172.1 billion yen, while net profit rose 3.3 pct to 124.1 billion yen. END [Copyright The Jiji Press, Ltd.] Jiji Press
