Profits up 20 Percent at Tokyo Disney Resorts to a Record $804 Million
TOKYO – Oriental Land, the operator of the Tokyo Disney Resort, is on course to post record profits of $804 million (80 billion yen) for the year to March 31, as it kicks off its 30-year anniversary celebrations.
The twin Tokyo Disneyland and Tokyo DisneySea resorts saw a record 27.5 million visitors during the year, as new additions such as the $116 million (11.5 billion yen) Toy Story Mania! attraction pulled in the crowds.
The resort celebrated its 30th anniversary on April 15, and a host of events, further investment and new attractions are expected to help push it on to achieve new records for attendance and profits in the current financial year. The popular Star Wars-themed Star Tours attraction is about to undergo a $71 million (7 billion yen) overhaul next month.
Oriental Land pays royalties to Disney for the licenses to the rights to its characters, but has no capital ties to the U.S. company. Tokyo was the first Disney resort outside the U.S. when it opened in 1983. Tokyo DisneySea was added in 2001.
The two resorts have now attracted well north of half a billion visitors between them.