It’s time once again for financial results! The Oriental Land Company held its quarterly earnings call on October 29th, and released their still fairly dismal second quarter results. The results improved somewhat over Q1, but the COVID-19 pandemic has still left OLC in a problematic position as less Guests can visit the park on a … Read more
Back in June, the Oriental Land Company reduced salaries for their executives until March 2021 amid the low business performance surrounding the COVID-19 extended closure. But as a result of disappointing Q2 financial results and predictions that low revenue will continue through the end of the fiscal year in March 2021, the company is cutting … Read more
Tough times have struck the Oriental Land Company, owner and operator of the Tokyo Disney Resort. After the resort’s unprecedented 122 day-long closure, the company reported a massive ¥114.3 billion loss, around $1.08 billion during its first fiscal quarter this year. While the second quarter is still underway, it seems prospects are still low, as … Read more
It’s time once again for financial results! The Oriental Land Company held its quarterly earnings call on July 30th, and released their rather dismal first quarter results. Of course, this year, the COVID-19 pandemic has made things a little bit more different than usual, so these results aren’t really indicative of a problem at Oriental … Read more
In an effort to support the Tokyo Disney Resort during its extended closure, however long it may last, the Oriental Land Company secured a ¥200 billion, or about $1.858 billion, line of credit through Japanese megabank Mizuho this month. According to NHK (in Japanese), Oriental Land signed a contract with Mizuho Bank on May 15th to … Read more
The Oriental Land Company, owner and operator of Tokyo Disney Resort, released its FY2019 results today. Their fiscal year runs April 1st to March 30th every year. And as expected from the year after a major celebration and amid the COVID-19 coronavirus extended closure, Oriental Land had a bit of a rough year compared to … Read more
Toyko Disneyland has been closed since February 29 due to Coronavirus (COVID-19) concerns in the region, and with their closure period recently extended from mid-March to early April, some of the Cast Members are struggling to stay afloat due to insufficient wages for certain part-time workers. According to The Japan Times, a labor union for … Read more
While we all love Disney Parks, the fact is they are businesses. Of course, businesses need to make money to sustain themselves, and provide us with better Guest experiences. The Oriental Land Company, owner and operator of Tokyo Disney Resort, is no exception. But it may have been a tough year for OLC this year, … Read more