We are pleased to present this interim report on the performance of the Oriental Land Group to our stockholders.
In 1996, the Oriental Land Group established OLC Group 2010 Vision as our long-term business plan. As part of this vision, we envisage two scenarios for the Group, one aimed at realizing the directive of "From Theme Park To Theme Resort" by 2001, and a second to be realized by 2010. All measures for the first scenario were implemented as planned, and Tokyo Disney Resort continues to operate smoothly to this day. As for our goals for 2010, we clarified our vision in December last year and are making steady progress in implementing actions to realize that vision.
During the first half of the fiscal year ending March 2005, we introduced a new attraction at Tokyo Disneyland in April to the delight of many guests. Construction work on new attractions planned to be launched at Tokyo DisneySea in the fiscal years ending March 2006, and March 2007, is also proceeding smoothly.
While our performance in the first half of the fiscal year ending March 2005 fell below that of the same period in the previous year, due in part to the effects of a record summertime heat wave, this will not affect our mid- to long-term growth strategy. We will continue to make steady progress towards OLC Group 2010 Vision by achieving our mid-term performance targets of ¥360 billion or above in consolidated revenues and ¥45 billion or above in consolidated operating income by the fiscal year ending March 2007.