Oriental Land Co., Ltd. announced that, at the Board of Directors meeting on March 24, 2026, it was decided to establish ORIENTAL LAND CRUISE CO., LTD. as its wholly-owned subsidiary. As upheld in the 2035 Long-term Management Strategy, the Company seeks to evolve its business structure to achieve sustainable growth. To this end, the Company is working to launch Disney cruise services in Japanese fiscal year 2028 as a pillar for further growth, while pursuing continued growth for Tokyo Disney Resort®, its mainstay business.

As part of this initiative, the Company has decided to establish a subsidiary to accelerate the commercialization of its cruise business and to manage and operate its future cruise ships in a specialized and agile manner. Name ORIENTAL LAND CRUISE CO., LTD. Address 1-9-2 Mihama, Urayasu City, Chiba Prefecture Name/title of representative Ryotaro Shiiba Representative Director, President Business description Management and operation of Japan-based cruises, planning, development, and marketing of cruise services Capital JPY 450 million Establishment date April 3, 2026 (tentative) Major shareholder and shareholding ratio Oriental Land Co., Ltd. 100% Fiscal year-end March 31 Relationships with Oriental Land Co., Ltd. Capital Wholly-owned subsidiary of the Company Personnel The Company?s Representative Directors, Executive Directors, Corporate Officers, and employees will concurrently serve as the subsidiary?s directors. business transactions will be conducted within the group when the subsidiary is established.

Date of Board resolution March 24, 2026 Date of establishment April 3, 2026 (tentative) Date of business commencement April 3, 2026 (tentative) The Company expects that establishing the subsidiary will have minimal impact on its financial performance for the fiscal year ending March 2026.