Oriental Land (4661) Q4 2026 earnings summary

Executive summary

• Net sales for FY3/26 reached a record high of ¥704.5 billion, up 3.7% year-over-year, driven by higher net sales per guest and full-year operation of new attractions, despite flat attendance.

• Operating profit declined 2.1% year-over-year to ¥168.4 billion due to increased personnel and miscellaneous costs, but exceeded initial forecasts.

• Annual dividend for FY2026 was raised by ¥1 to ¥15 per share, with a further increase to ¥16 per share forecasted for FY2027.

• Hotel business achieved record net sales and operating profit, supported by higher room charges and new facilities.

• Other business segment saw increased net sales but lower operating profit due to rising costs.

Financial highlights

• FY3/26 net sales: ¥704.5B (+3.7% YoY), operating profit: ¥168.4B (-2.1% YoY), net income: ¥121.8B (-1.8% YoY).

• Theme park segment net sales: ¥568.3B (+2.9% YoY), hotel segment: ¥119.0B (+7.8% YoY), other business: ¥17.1B (+2.3% YoY).

• Net sales per guest hit a record ¥18,403 (+3.2% YoY).

• Operating profit for the theme park segment fell by ¥9.9 billion to ¥130.4 billion due to increased personnel and maintenance costs.

• Dividend for FY3/26 increased to ¥15 per share; FY3/27 forecasted at ¥16 per share.

Outlook and guidance

• FY3/27 net sales forecasted at ¥724.3B (+2.8% YoY), but operating profit expected to decline 4.5% to ¥160.8B due to hotel renovations and rising costs.

• Theme park net sales projected to rise by ¥23.8B to ¥592.2B, with attendance reaching 28 million.

• Net sales per guest expected to increase by ¥309 to ¥18,712.

• Hotel segment net sales expected to decrease by ¥3.2B to ¥115.7B, with operating profit down ¥6.1B to ¥30.7B.

• Long-term strategy targets ¥1 trillion net sales and higher ROE by FY2035.