Oriental Land Co (4661) AI Stock Analysis

• Market Cap: ¥4.45T
• Dividend Yield: 0.48%
• Average Volume (3M): 3.48M
• Price to Earnings (P/E): 23.2
• Beta (1Y): 0.52
• Revenue Growth: 10.59%
• EPS Growth: 13.93%
• Country: JP
• Employees: 9,719
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): 31.26
• Shares Outstanding: 1,800,450,800
• 10 Day Avg. Volume: 2,943,610
• 30 Day Avg. Volume: 3,484,906
• PEG Ratio: 12.82
• Price to Book (P/B): 4.95
• Price to Sales (P/S): 7.12
• P/FCF Ratio: 50.71
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 75.97
• Revenue Forecast (FY): ¥712.52B

• Rating: 59 Neutral
• Price Target: ¥2,920.00 ▲(2.76% Upside)
• Action: Reiterated Date: 11/01/25
• Date: Action: Reiterated 11/01/25

Oriental Land Co's strong financial performance is the primary strength, supported by revenue and profit growth. However, technical indicators show bearish momentum, and the stock appears overvalued with a high P/E ratio and low dividend yield. These factors contribute to a moderate overall stock score.

Positive Factors

Exclusive Disney license and strong brand moat

The exclusive licensing relationship with The Walt Disney Company gives Oriental Land a durable, hard-to-replicate brand moat. Access to globally recognized IP drives sustained attendance, premium pricing and higher per-guest spend, supporting long-term revenue resilience and pricing power.

Consistent multi-year revenue and margin recovery

Multi-year revenue expansion and improving gross/net margins reflect structural recovery and operating leverage from park operations and hotels. Sustained top-line growth plus margin improvement indicate effective cost control and scalable economics as attendance and spending normalize.

Healthy balance sheet and solid cash generation

A strong equity base and reasonable leverage provide financial flexibility for continued investment in attractions and hotels. Robust operating cash flow supports capex and deleveraging, reducing refinancing risk and underpinning long-term investment capacity and resilience to demand cycles.

Negative Factors

Free cash flow volatility from capital spending

High and lumpy capital expenditure cycles for new attractions and resort upgrades create persistent free cash flow volatility. This raises planning uncertainty for shareholders and can strain discretionary investment or dividends during heavy capex phases over the medium term.

Rising absolute debt levels

Although leverage ratios are described as reasonable, the rising absolute debt stock increases fixed obligations and future interest sensitivity. Continued debt accumulation could limit strategic flexibility and elevate refinancing and interest-rate risks over a multi-quarter horizon.

Concentration risk on Disney IP and resort ecosystem

Heavy dependence on a single licensing partner and one resort cluster concentrates business risk: changes in licensing terms, creative approval, or brand strategy could materially affect attendance and revenue. Geographic concentration in Tokyo also amplifies event or demand shocks.

Oriental Land Co Business Overview & Revenue Model

Company Description

Oriental Land Co., Ltd. operates and manages theme parks and hotels in Japan. It operates through Theme Park, Hotel Business, and Other Business segments. The Theme Park segment operates and manages Tokyo Disneyland and Tokyo DisneySea theme parks. The Hotel Business segment operates and manages Tokyo Disneyland Hotel, Tokyo DisneySea Hotel MiraCosta, Disney Ambassador Hotel, and Tokyo Disney Celebration Hotel. The Other Business segment operates and manages Ikspiari, a commercial complex that includes shops and restaurants, and a cinema complex; Disney Resort Line, a monorail connecting four stations within Tokyo Disney Resort; MAIHAMA Amphitheater, a multipurpose hall that consists of a semicircular open stage and a seating area for events, ceremonies, and music concerts; and Bon Voyage, a Disney shop. It is also involved in the land development. Oriental Land Co., Ltd. was incorporated in 1960 and is based in Urayasu, Japan.

How the Company Makes Money

Oriental Land Co. generates revenue through multiple streams, primarily from ticket sales for its theme parks, which constitute the largest portion of its income. Additional revenue is derived from the sale of merchandise, food, and beverages within its parks. The company also earns money through hotel accommodations and associated services for guests visiting the parks. Significant partnerships with The Walt Disney Company enhance its brand appeal and marketing efforts, contributing to a steady influx of visitors. Seasonal events, special promotions, and the introduction of new attractions further bolster attendance and revenue. Additionally, Oriental Land Co. benefits from its strategic investments in real estate and developments around the Tokyo Disney Resort, which contribute to long-term financial growth.

Oriental Land Co Financial Statement Overview

Summary

Oriental Land Co has shown strong financial performance with significant revenue and profit growth. The balance sheet is stable with a healthy equity ratio and controlled leverage. Cash flow management is effective, though free cash flow volatility is a potential risk.

Income Statement

Oriental Land Co has demonstrated strong revenue growth from 2021-2025, with a substantial increase in total revenue each year. The gross profit and net profit margins have improved significantly, indicating effective cost management and profitability enhancement. The EBIT and EBITDA margins have also shown consistent improvement, reflecting operational efficiency. The revenue growth rate has been impressive, particularly from 2022 to 2025, underscoring a robust recovery and expansion phase.

Balance Sheet

The company's balance sheet is characterized by a healthy equity ratio, with stockholders' equity consistently growing, which enhances financial stability. The debt-to-equity ratio is reasonable, indicating controlled leverage. The return on equity has improved significantly, reflecting effective utilization of equity to generate profits. Overall, the balance sheet reflects a strong financial position with a good mix of equity and debt, although the total debt has increased over the years.

Cash Flow

Cash flow from operations has been strong, supporting the company's ability to fund capital expenditures and reduce debt. However, the free cash flow has shown volatility, with significant fluctuations due to capital expenditures. The operating cash flow to net income ratio is robust, demonstrating efficient cash generation relative to net income. While free cash flow growth has been inconsistent, the company has managed to maintain positive free cash flow in recent years.

Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	694.70B	679.37B	618.49B	483.12B	275.73B	170.58B
Gross Profit	279.42B	273.19B	249.52B	186.23B	65.75B	903.00M
EBITDA	247.53B	240.43B	213.06B	158.72B	56.26B	-21.55B
Net Income	127.19B	124.16B	120.22B	80.73B	8.07B	-54.19B
Balance Sheet
Total Assets	1.41T	1.44T	1.36T	1.21T	1.09T	1.04T
Cash, Cash Equivalents and Short-Term Investments	428.73B	461.32B	397.01B	298.23B	234.87B	230.81B
Total Debt	266.28B	266.93B	209.24B	240.96B	242.65B	186.23B
Total Liabilities	410.03B	461.11B	405.65B	376.73B	338.35B	280.52B
Stockholders Equity	1.00T	977.41B	949.56B	829.69B	756.32B	759.95B
Cash Flow
Free Cash Flow	0.00	95.34B	149.35B	79.21B	-44.24B	-135.44B
Operating Cash Flow	0.00	195.39B	197.67B	167.73B	54.60B	-23.83B
Investing Cash Flow	0.00	-253.14B	-21.27B	-144.43B	-138.98B	-160.74B
Financing Cash Flow	0.00	-26.87B	-45.63B	-10.94B	48.93B	88.72B

Oriental Land Co Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2841.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4661, the sentiment is Negative. The current price of 2841.5 is above the 20-day moving average (MA) of 2757.30, above the 50-day MA of 2809.13, and below the 200-day MA of 3152.99, indicating a bearish trend. The MACD of -9.98 indicates Negative momentum. The RSI at 42.72 is Neutral, neither overbought nor oversold. The STOCH value of 47.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4661.

Oriental Land Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7458	72 Outperform	¥175.94B	12.35	―	3.40%	6.12%	-3.75%
4680	67 Neutral	¥285.20B	29.55	―	1.51%	11.92%	33.70%
7867	63 Neutral	¥247.26B	43.09	―	2.18%	10.50%	27.82%
7832	62 Neutral	¥2.63T	18.69	15.67%	1.94%	9.86%	-1.06%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
4661	59 Neutral	¥4.45T	23.18	13.17%	0.48%	10.59%	13.93%
4343	52 Neutral	¥48.31B	49.41	―	―	6.00%	-184.09%

Oriental Land Co Corporate Events

Oriental Land Trims ESOP-Linked Treasury Stock Disposal After Calculation Error

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.

Oriental Land Lifts Profit on Higher Per-Guest Spending and Hotel Rates Despite Flat Attendance

Oriental Land Co. reported steady growth for the nine months to 31 December 2025, with consolidated net sales up 5.0% year on year to ¥530.2 billion and operating profit rising 4.8% to ¥141.4 billion, maintaining an operating margin of 26.7%. Theme park revenue increased 4.1% on essentially flat attendance, driven by higher net sales per guest across attractions, merchandise and food and beverages, while hotel segment sales climbed 9.6% on higher average room rates at Disney hotels despite a slight dip in occupancy. Other businesses, including the Ikspiari retail complex and the resort monorail, posted modest revenue gains, although profit in the “other business” segment declined, highlighting some cost pressure. Overall net profit attributable to shareholders rose 4.0% to ¥99.6 billion, underscoring the company’s ability to lift profitability through stronger per-guest spending and pricing power in its hotel portfolio, even as visitor numbers plateau, a dynamic that reinforces its premium positioning in Japan’s leisure and hospitality market.

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.

Oriental Land Posts Higher Nine-Month Profit but Sees Full-Year Margin Pressure Ahead

Oriental Land reported solid results for the nine months to December 31, 2025, with net sales rising 5.0% year on year to ¥530.2 billion and profit attributable to owners of parent up 4.0% to ¥99.6 billion, helped by higher comprehensive income and a stronger equity base. Total assets increased to ¥1.59 trillion and shareholders’ equity per share improved to ¥656.00, underlining a robust financial position as the company maintains its interim dividend at ¥7 per share and keeps its full-year dividend forecast of ¥14 unchanged. For the full fiscal year ending March 31, 2026, however, Oriental Land projects only a 2.1% increase in net sales to ¥693.4 billion and expects operating profit and net profit to decline by 7.0% and 8.7%, respectively, signaling rising costs or planned investments that could pressure margins even as revenues grow modestly, a key point for investors assessing the company’s near-term profitability trajectory.

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.