ORIENTAL LAND shares drop sharply after earnings, falling below COVID-19 lows

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Thu Apr 30, 2026 12:33 pm JST Catalyst

ORIENTAL LAND CO.,LTD. <4661> shares fell sharply. On a stock split-adjusted basis, the stock dropped below the low of 2,250 yen marked during the COVID-19 shock. After the close of trading on the 28th, a day before the holiday, the company announced its consolidated earnings forecast for the fiscal year ending March 2027, projecting sales of 724.312 billion yen (up 2.8% year-on-year) and operating profit of 160.776 billion yen (down 4.5% year-on-year). The dividend forecast was set at 16 yen (compared to 15 yen in the previous fiscal year). The company anticipates increases in visitor numbers and per-guest spending due to the Tokyo DisneySea 25th anniversary event. However, it also factored in various costs including personnel expenses and hotel business renovation costs. The projection of an operating profit decline for the second consecutive year appears to have triggered selling.

At the same time, ORIENTAL LAND announced its fiscal year ended March 2026 results, with sales of 704.539 billion yen (up 3.7% year-on-year) and operating profit of 168.413 billion yen (down 2.1% year-on-year). The results exceeded previous guidance (sales of 693.352 billion yen, operating profit of 160 billion yen). While visitor numbers remained roughly the same as the previous year, per-guest spending increased. Room rates also rose due to the full-year operation of the Fantasy Springs Hotel. On the profit side, cost increases weighed on results.

Furthermore, the company announced a special shareholder benefit program to commemorate the 30th anniversary of its listing. The record date is September 30th. Shareholders holding 100 or more shares will receive one shareholder passport. The regular shareholder benefit program will also continue. Additionally, materials disclosed for the earnings presentation stated that "there is no change to the Long-Term Management Strategy 2035" regarding future outlook. The company added that it will "continue aggressive growth investments without slowing down and achieve the stated targets."

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.