In 1983, Oriental Land Co., Ltd. ("Oriental Land") opened Tokyo Disneyland® in Maihama, Chiba Prefecture, about 10 kilometers (six miles) from central Tokyo. Since then, we have significantly contributed to the expansion of Japan's amusement and leisure park industry and have maintained our established position in the market by maximizing our advantages. In 2001, we opened Tokyo DisneySea®, the world's first Disney theme park based on a maritime concept. To date, the two theme parks have welcomed a cumulative total of nearly 400 million guests.

The opening of Tokyo DisneySea heralded the full-scale operation of the Tokyo Disney Resort®, the world's only extended-stay theme resort, spanning 200 hectares of land near a major urban center. We have maintained our efforts to expand the resort through continuous development toward achieving further growth.

The Oriental Land Group, led by Oriental Land, is broadening its operations beyond the Maihama area, the site of Tokyo Disney Resort, into such ventures as The Disney Store Japan. Aspiring to create new value, Oriental Land will continue developing its "Power Your Heart with Happiness" business–a high-value pursuit that energizes and enriches people's lives.

This Annual Report includes statements about Oriental Land's plans, estimates, strategies and beliefs. The statements made that are not based on historical fact represent the assumptions and expectations of Oriental Land in light of the information available to it as of June 2006, and should be considered as forward-looking.
Oriental Land uses a variety of business measures to constantly strive to increase its revenues and management efficiency. However, Oriental Land recognizes that there are certain risks and uncertainties that should be considered which could cause actual performance results to differ from those discussed in the forward-looking statements.
Potential risks could include, but are not limited to, weather, general economic conditions, and consumer preferences. Therefore, there is no firm assurance that the forward-looking statements in this Annual Report will prove to be accurate.