Oriental Land Co ( (OLCLF) ) has released its Q3 earnings. Here is a breakdown of the information Oriental Land Co presented to its investors.
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Oriental Land Co., Ltd. is a prominent Japanese company operating primarily in the theme park and hospitality sectors, known for managing the renowned Tokyo Disney Resort.
In its latest earnings report for the nine months ending December 31, 2024, Oriental Land Co. reported a steady increase in net sales, reaching ¥505,173 million, an 8.3% rise from the previous year. However, the company’s operating and ordinary profits experienced a slight decline compared to the previous year.
The report highlighted a 4.1% decrease in profit attributable to owners of the parent, totaling ¥95,765 million. Additionally, the company saw a reduction in its comprehensive income by 23.8%, reflecting broader economic challenges. Despite these declines, the company maintained a strong financial position with total assets increasing to ¥1,421,504 million and a stable shareholders’ equity ratio of 66.9%.
Looking ahead, Oriental Land Co. is projecting a continued increase in net sales for the fiscal year ending March 31, 2025, expecting a 10.7% growth. While operating profits are anticipated to rise slightly by 2.8%, the company remains cautiously optimistic about maintaining steady performance amidst evolving market conditions.
