Financial Section

Management's Discussion and Analysis if Oparation

Group Structure

  • The following diagram shows the organization of Oriental Land Group's operations.


Summary of Consolidated Financial Statements

  • We accomplished record-breaking consolidated revenues and operating income in the fiscal year ended March 31, 2004. The primary factors for this performance were our aggressive launching of events at both Tokyo Disneyland and Tokyo DisneySea, and well-developed sales strategies that took full advantage of the respective characteristics of the two Disney hotels and IKSPIARI. Favorable sales at The Disney Store Japan in the wake of active product marketing and the strategic opening of new stores also significantly contributed to the consolidated performance.
  • Net income for the fiscal year ended March 31, 2004 fell slightly compared with the previous fiscal year. This was due to the fact that we settled development costs on new facilities and booked a loss on retirement of fixed assets as an extraordinary loss.
  • We achieved steady progress in bond redemptions and debt repayment, and as a result, the outstanding balance of interest-bearing debt at the end of the fiscal year ended March 31, 2004 was ¥209,286 million, down 21.3% compared with the end of the previous fiscal year. Stockholders' equity ratio increased by 5.8 percentage points to 57.1%.
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