Oriental Land Co., Ltd. Provides Full Year Dividend Outlook for the Fiscal Year Ending March 31, 2017; Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
January 30, 2017 at 09:30 pm IST
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Oriental Land Co., Ltd. provided full year dividend outlook for the fiscal year ending March 31, 2017. For the year end, the company expects to pay a dividend of ¥17.50 per share.
The company reported consolidated earnings results for the nine months ended December 31, 2016. For the nine months, the company reported net sales of ¥360,568 million against ¥354,452 million a year ago. Operating income was ¥92,108 million against ¥92,148 million a year ago. Ordinary income was ¥93,528 million against ¥93,678 million a year ago. Profit attributable to owners of parent was ¥65,319 million or ¥190.19 per diluted share against ¥63,300 million or ¥183.94 per diluted share a year ago. Profit before income taxes was ¥93,528 million against ¥93,468 million a year ago.
For the year ending March 31, 2017, the company expects consolidated net sales of ¥479,900 million, operating income of ¥109,110 million, ordinary income of ¥110,510 million and profit attributable to owners of parent of ¥76,870 million or ¥231.79 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. Provides Full Year Dividend Outlook for the Fiscal Year Ending March 31, 2017; Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017