Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Oriental Land Co ( (JP:4661) ).
Oriental Land Co., Ltd. has announced a minor partial cancellation of subscriptions tied to its previously executed disposition of treasury stock through third-party allotments, linked to the reintroduced employee shareholding association-type ESOP. Due to an error in the trustee’s calculation of the number of shares expected to be acquired by the company’s employee shareholding association over the trust’s five-year period, 115,800 shares—about 0.006% of total shares issued—were deemed excessive and subsequently canceled, reducing the number of shares disposed of from 3,859,000 to 3,743,200 and lowering the total disposal and trust acquisition cost from ¥11.86 billion to ¥11.50 billion. The company emphasized that the impact on its consolidated results and financial condition is slight, suggesting limited operational or shareholder implications beyond the technical adjustment to the ESOP-related trust structure.
The most recent analyst rating on (JP:4661) stock is a Hold with a Yen2981.00 price target. To see the full list of analyst forecasts on Oriental Land Co stock, see the JP:4661 Stock Forecast page.
More about Oriental Land Co
Oriental Land Co., Ltd. operates in the leisure and entertainment industry, best known as the operator of Tokyo Disney Resort in Japan. The company’s core business revolves around theme parks and related facilities, including retail, dining, and associated services, with a focus on family-oriented entertainment and tourism in the Japanese market.
Average Trading Volume: 4,815,000
Technical Sentiment Signal: Sell
Current Market Cap: Yen4524.4B
Find detailed analytics on 4661 stock on TipRanks’ Stock Analysis page.