We will seek to realize the OLC Group 2010 Vision by promoting one of its pillars–the evolution of Tokyo Disney Resort as a "destination resort." We will continue to enhance the facilities and services at Tokyo Disney Resort to bolster its appeal as a destination every guest would want to visit again and again for a variety of reasons: for the pleasure of a day trip to the theme parks, to visit the movies or restaurants or for a satisfying resort experience during extended stays at the hotels.

We decided to introduce a new attraction at Tokyo Disneyland following the addition of two attractions at Tokyo DisneySea, implemented over a period of two consecutive years–"Raging Spirits," for the fiscal year ended March 31,2006, and the "Tower of Terror," for the fiscal year ending March 31, 2007.

We will also actively introduce and provide entertainment and shows in an effort to further enhance the appeal and capacity of our theme parks.

New Attraction at Tokyo Disneyland (Scheduled opening: fiscal year ending March 31, 2010) An attraction that allows guests to experience the world inspired by Disney's presentation of Pixar's Monsters, Inc. will appear in Tomorrowland. Guests will enjoy a ride through Monsters, Inc., where an amusing assortment of monsters work, and watch them play hide-and-seek with a human girl named Boo.

We will endeavor to construct new facilities besides theme parks, in addition to enhancing the appeal of the parks, to offer guests of all ages a diversified array of reasons to visit Tokyo Disney Resort.

Tokyo Disneyland Hotel (Scheduled opening: fiscal year ending March 31, 2009) In addition to the Disney Ambassador Hotel and Tokyo DisneySea Hotel MiraCosta, we will open a third Disney hotel, the Tokyo Disneyland Hotel, in front of the entrance to Tokyo Disneyland. The hotel will be designed in Victorian style, grand and elegant, yet with a friendly atmosphere. Nine stories above ground with 700 guest rooms, once completed, are expected to become the largest Disney hotel operating inside the Tokyo Disney Resort. Given the already high occupancy rates at the two existing Disney hotels, the opening of this new hotel will enable us to continue responding to the accommodation needs of our guests. In February 2006, Disney characters gathered for a groundbreaking ceremony.

Permanent Theater for Cirque du Soleil (Scheduled opening: fiscal year ending March 31, 2009)

We plan to open a permanent theater exclusively for Cirque du Soleil in a joint project with Cirque du Soleil and The Walt Disney Company. Once completed, it will become the only permanent theater in Japan where audiences can enjoy this globally acclaimed artistic entertainment. Cirque du Soleil is currently developing an original production for the permanent theater. Construction began in April 2006.