Tokyo Disneyland Posts Record Profit for 35th Anniversary Year
The Tokyo Disneyland and DisneySea parks pulled in more than 32 million visitors with special celebratory events.
Tokyo Disney Resort operator Oriental Land posted record full-year earnings and revenue on Thursday, thanks to attendance boosted by its 35th anniversary celebrations.
The profit for the fiscal year ended in March came in at $1.2 billion (￥129.4 billion), up 16 percent, while revenue rose nearly 10 percent to $4.7 billion (￥525.6 billion).
Combined attendance at Tokyo Disneyland and Tokyo DisneySea reached an all-time high of 32.6 million, up nearly 2.5 million from the previous year and topping the 30th-anniversary-year performance. Total attendance at the resort since it opened has now crossed the 750 million mark. The resort posted improved revenue in all sectors, including hotels, merchandise, food and drinks.
Oriental Land is predicting a 9 percent decline in revenue and 28 percent drop in earnings for the current fiscal year in the absence of a major event like the 35th anniversary celebrations and related merchandise sales.
The company operates the resorts, just northeast of Tokyo, under license from The Walt Disney Company.
Oriental Land's stock closed up 0.5 percent in Tokyo trading on Thursday and is up 14 percent over the last year.