The Oriental Land Company

"Oriental Land" redirects here. For the campsite in Shanghai, see Oriental Land (Qingpu).
"OLC Group" redirects here. For other uses, see OLC (disambiguation).
The Oriental Land Company, Limited
Native name
株式会社オリエンタルランド
Kabushiki gaisha Orientaru Rando
Company typePublic
IndustryTravel
FoundedJuly 11, 1960; 64 years ago (1960-07-11)
Headquarters
Urayasu, Chiba
,
Japan
Key people
BrandsTokyo Disney Resort
ServicesHotel rental
Theme park
RevenueUS$3,767.6 m (March 31, 2015)
US$893.7 m (March 31, 2015)
US$582.3 m (March 31, 2015)
Total assetsUS$6,032.9 m (March 31, 2015)
Total equityUS$4,558.2 (March 31, 2015)
OwnerMitsui Fudosan (6.65%)
Number of employees
4,438[1]
ParentKeisei Electric Railway (22%)
Subsidiaries
Websiteolc.co.jp/en
Footnotes / references
[2]
Tokyo Disney Resort
Theme parks
Resort hotels
Shopping, dining and entertainment
The Oriental Land Company

The Oriental Land Company, Limited, also known as Oriental Land[3] (株式会社オリエンタルランド, Kabushiki gaisha Orientaru Rando) is a Japanese leisure and tourism subsidiary of the Keisei Electric Railway Company, headquartered in Urayasu, Chiba, Japan where it also owns and operates the Tokyo Disney Resort. The company operates in three segments, divided as theme parks, hotels, and other business.[1] It is a component of the TOPIX Large70 index.

Oriental Land pays licenses and royalties to The Walt Disney Company for use of their intellectual properties, while Disney provides consultation and their Imagineering division to design and build Oriental Land's theme parks and attractions at the resort. The Oriental Land Company is the only Disney resort company that has no capital relationship with Disney.

History

The Oriental Land Company was founded in 1960.[1] The company was developing Maihama, an area of land in Urayasu that was created through land reclamation.[4] Two years later, the company contacted Disney about building a theme park.[5] OLC was also building a few shopping centers in Chiba Prefecture.[4]

In 1979, Oriental and Disney agreed to build the theme park.[5] Tokyo Disneyland opened on April 15, 1983 on 200 acres in Maihama.[4][6] The company borrowed $1.4 billion for Disneyland which they paid off in three years.[7]

Disney announced in November 1995 the building of Tokyo DisneySea to be owned by Oriental next to the Tokyo Disneyland.[6] Oriental and Disney signed the DisneySea licensing agreement in November 1997 with the theme park to open in 2001 at a cost of $2.6 billion.[8] In May 1999, the company sold two sets of bonds, $200 million in quake bonds and $406 million of bonds to fund DisneySea.[9][10] DisneySea opened on September 4, 2001 at only $200 million over budget.[11]

In 2000, OLC formed Ikspiari Co., Ltd. to run Ikspiari.[12]

Even though the Disney Stores maintained strong sales, mounting cost of sales and operation and the loss of key executives who had driven the Disney Stores to success led The Walt Disney Company to convert the Disney Stores into a licensed operation. The Japanese stores were sold to the company in April 2002 and placed into Retail Networks Co., Ltd. subsidiary.[13][14]

In October 2008, Oriental Land Company announced that it and Disney had shelved plans for a new Disney complex in a major Japanese city. The company and Disney had spent more than a year studying an urban-style amusement facility for 2010 or later, but ended planning due to low profits expected versus the investment. The firm said it would continue to explore possibilities for a new business, which might not involve Disney.[15]

The Oriental Land Company announced an agreement that it would sell Retail Networks Co., Ltd., its Japanese Disney Stores, back to The Walt Disney Company. Disney took over beginning on March 31, 2010, Retail Networks Co., Ltd., Oriental Land Company subsidiary owning the Disney Stores in Japan.[13] OLC's hotel subsidiary, Milial Resort Hotels Co., Ltd. purchased on March 29, 2013 the Brighton Corporation, another hotel company.[16]

On August 31, 2015, Create Restaurants Holdings Inc. fully acquired RC Japan Co., Ltd. from Oriental Land Co., Ltd. for 65 million yen.[17]

Corporate assets

References

  1. ^ a b c d e f "Company Overview of Oriental Land Co., Ltd". bloomberg.com Research. Bloomberg Business. Retrieved August 19, 2015.
  2. ^ "oriental land co ltd Profile". Research. Bloomberg Business. Retrieved August 19, 2015.
  3. ^ "About Oriental Land". olc.co.jp. Retrieved 10 May 2021.
  4. ^ a b c Shapiro, Margaret (December 16, 1989). "Unlikely Tokyo Bay Site Is a Holiday Hit". Los Angeles Times. Retrieved August 20, 2015.
  5. ^ a b "Disneyland in Tokyo Is a 10-Year Hit". Los Angeles Times. Associated Press. April 12, 1994. Retrieved August 20, 2015.
  6. ^ a b Miller, Greg (November 8, 1995). "Disney Plans Aquatic Park in Tokyo". Los Angeles Times. Retrieved August 20, 2015.
  7. ^ "Disney's Japan Venture Loses Some Luster". Los Angeles Times. Associated Press. April 7, 1993. Retrieved August 20, 2015.
  8. ^ "Disney, Partner to Build New Tokyo Theme Park". Los Angeles Times. Associated Press. November 27, 1997. Retrieved August 20, 2015.
  9. ^ "Owner of Tokyo Disneyland Sells Quake Bonds". Los Angeles Times. Bloomberg News. May 19, 1999. Retrieved August 20, 2015.
  10. ^ "Bonds Issued to Fund DisneySea in Japan". Los Angeles Times. Bloomberg News. May 20, 1999. Retrieved August 20, 2015.
  11. ^ Verrier, Richard (September 5, 2001). "Disney's New Tokyo Sea-Themed Park Opens". Los Angeles Times. Retrieved August 20, 2015.
  12. ^ "Company Overview of IKSPIARI CO., LTD". Business Research. Bloomberg. Retrieved August 20, 2015.
  13. ^ a b "Company Overview of Retail Networks Co., Ltd". Company Profiles. Business Week. Archived from the original on January 18, 2013. Retrieved 27 November 2012.
  14. ^ "Disney to Sell Its Retail Stores in Japan". Los Angeles Times. Bloomberg News. September 11, 2001. Retrieved 27 November 2012.
  15. ^ Uranaka, Taiga (October 7, 2008). "Oriental Land scraps plan for new Disney facility". Reuters. Retrieved August 19, 2015.
  16. ^ a b Company Overview of Brighton Corporation. Bloomberg Business. Accessed on August 20, 2015.
  17. ^ "create restaurants holdings to fully acquire RC Japan from Oriental Land". Reuters. August 4, 2015. Archived from the original on August 16, 2016. Retrieved August 20, 2015.
  18. ^ a b "List of OLC Group Subsidiaries". olc.co.jp. Oriental Land group. Retrieved August 19, 2015.
  19. ^ "In Brief". Travel Trade Gazette UK & Ireland. October 2, 2000. Archived from the original on September 30, 2015. Retrieved August 20, 2015.

Read other articles:

Comuni della Lombardia

Mappa dei comuni e delle province lombarde I comuni della Lombardia sono i comuni italiani presenti nella regione Lombardia.[1] Indice 1 Elenco comuni 2 Modifiche recenti 3 Note 4 Collegamenti esterni Elenco comuni I comuni lombardi sono 1502[2] e sono così suddivisi (al 1 gennaio 2024): 243 nella provincia di Bergamo 205 nella provincia di Brescia 185 nella provincia di Pavia 147 nella provincia di Como 136 nella provincia di Varese 133 nella città metropolitana di Milano 1...

 

List of political parties in Italy

Part of the Politics seriesPolitics of Italy Constitution Constitutional laws Lateran Treaty Head of state President (list) Sergio Mattarella Executive Prime Minister (list) Giorgia Meloni Council of Ministers Current Cabinet Undersecretaries Ministries Legislature Parliament (list) Senate of the Republic Chamber of Deputies Judiciary Constitutional Court Supreme Court of Cassation Court of Assizes Code of Criminal Procedure Constitutional institutions National Council for Economics and Labo...

 

Amayé-sur-Seulles

Commune in Normandy, FranceAmayé-sur-SeullesCommuneThe church in Amayé-sur-Seulles Coat of armsLocation of Amayé-sur-Seulles Amayé-sur-SeullesShow map of FranceAmayé-sur-SeullesShow map of NormandyCoordinates: 49°04′51″N 0°42′47″W / 49.0808°N 0.7131°W / 49.0808; -0.7131CountryFranceRegionNormandyDepartmentCalvadosArrondissementVireCantonLes Monts d'AunayIntercommunalityPré-Bocage IntercomGovernment • Mayor (2020–2026) Pascal Cotard&...

Moussa Wagué

Moussa Wagué oleh Ekaterina Laut, 2018Informasi pribadiNama lengkap Moussa WaguéTanggal lahir 4 Oktober 1998 (umur 25)Tempat lahir Bignona, SenegalTinggi 177 cm (5 ft 10 in)Posisi bermain BekInformasi klubKlub saat ini EupenNomor 15Karier senior*Tahun Tim Tampil (Gol)2017 – Eupen 40 (1)Tim nasional2017 – Senegal 12 (1) * Penampilan dan gol di klub senior hanya dihitung dari liga domestik Moussa Wagué (lahir 4 Oktober 1998) adalah seorang pemain sepak bola berkewarg...

 

Associazione Calcio Siena 1982-1983

Voce principale: Associazione Calcio Siena. AC SienaStagione 1982-1983Sport calcio Squadra Siena Allenatore Guido Mammi All. in seconda Primo Luigi Galasi Presidente Ennio Regoli Serie C113º nel girone B Coppa Italia Serie CFase eliminatoria a gironi Maggiori presenzeCampionato: Gridelli (34) Miglior marcatoreCampionato: Coppola (10) StadioDel Rastrello 1981-1982 1983-1984 Si invita a seguire il modello di voce Questa voce raccoglie le informazioni riguardanti l'Associazione Calcio Sie...

 

The Sims 2: FreeTime

The Sims 2: FreeTime Tipepaket ekspansi Versi pertama GenrePermainan simulasi kehidupanLatar tempatThe Sims universe LisensiLisensi proprietarium Karakteristik teknisPlatformWindows Mesinproprietary engine ModePermainan video pemain tunggal Formatcakram digital Metode inputpapan tombol komputer dan tetikus Format kode Daftar 30 Informasi pengembangPengembangMaxisPenyuntingElectronic Arts DesainerLakshmi JayapalanPenerbitElectronic ArtsPenilaianESRB PEGI Informasi tambahanMobyGamessims-2-free-...

Cetraxate

Chemical compound CetraxateClinical dataAHFS/Drugs.comInternational Drug NamesRoutes ofadministrationOralATC codenoneLegal statusLegal status In general: ℞ (Prescription only) Identifiers IUPAC name 3-[4-[4-(aminomethyl)cyclohexanecarbonyl]oxyphenyl]propanoic acid CAS Number34675-84-8PubChem CID2680ChemSpider2579UNII5VPA8CPF0NKEGGD07663ChEMBLChEMBL502896CompTox Dashboard (EPA)DTXSID2040658 Chemical and physical dataFormulaC17H23NO4Molar mass305.374 g·mol−13D model (JSmol)I...

 

1900 Summer Olympics

Multi-sport event in Paris, France Paris 1900 redirects here. For the 1947 French film, see Paris 1900 (film). You can help expand this article with text translated from the corresponding article in French. (August 2020) Click [show] for important translation instructions. View a machine-translated version of the French article. Machine translation, like DeepL or Google Translate, is a useful starting point for translations, but translators must revise errors as necessary and confirm tha...

 

Archery at the 1998 Asian Games

Archery at the 1998 Asian GamesVenueThammasat FieldDates13–17 DecemberCompetitors91 from 16 nations← 19942002 → Archery was contested from December 13 to December 17 at the 1998 Asian Games at the Thammasat University, in Bangkok, Thailand. South Korea dominated the competition winning all four gold medals. Medalists Event Gold Silver Bronze Men's individualdetails Han Seung-hoon South Korea Kim Kyung-ho South Korea Wataru Haraguchi ...

The Police

Pour les articles homonymes, voir The Police (homonymie). The Police The Police au Madison Square Garden à New York, le 1er août 2007.Informations générales Pays d'origine Royaume-Uni Genre musical Rock, new wave, post-punk, reggae rock Années actives 1976–1984, 1986, 2007–2008 Labels A&M Records, Illegal Records Site officiel www.thepolice.com Composition du groupe Membres Stewart CopelandStingAndy Summers Anciens membres Henry Padovani Logo de The Police.modifier The Police es...

 

让·克雷蒂安

非常尊敬的讓·克雷蒂安Jean ChrétienPC OM CC KC  加拿大第20任總理任期1993年11月4日—2003年12月12日君主伊利沙伯二世总督Ray HnatyshynRoméo LeBlancAdrienne Clarkson副职Sheila Copps赫布·格雷John Manley前任金·坎貝爾继任保羅·馬田加拿大自由黨黨魁任期1990年6月23日—2003年11月14日前任約翰·特納继任保羅·馬田 高級政治職位 加拿大官方反對黨領袖任期1990年12月21日—1993年11月...

 

John Sedgwick

American teacher, career military officer, and Union Army general This article is about the American military officer. For the American author, see John Sedgwick (author). Not to be confused with John Sedgewick. John SedgwickSedgwick in the 1860sNickname(s)Uncle JohnBorn(1813-09-13)September 13, 1813Cornwall, Connecticut, U.S.DiedMay 9, 1864(1864-05-09) (aged 50)Spotsylvania County, Virginia, U.S.BuriedCornwall Hollow Cemetery (Cornwall, Connecticut)Allegiance United StatesService/b...

Військово-музичне управління Збройних сил України

Військово-музичне управління Збройних сил України Тип військове формуванняЗасновано 1992Країна  Україна Емблема управління Військово-музичне управління Збройних сил України — структурний підрозділ Генерального штабу Збройних сил України призначений для планува...

 

Cal-Style VW

An early true vintage Cal-Style Volkswagen, built by Robert Velis in 1982 (Huntington Park, southeast LA, 1983) A Cal-Style VW is a lowrider influenced vintage Volkswagen, that for style and cruising was lowered to the extreme in the manner called dumped slammed or laid out. The Cal-Style VW originated in the streets of Los Angeles in the late 1970s, when the first generation of teens from Latino neighborhoods veered away from the Low Riders that at the time were associated with gangs and cri...

 

ألان كارديك

ألان كارديك (بالفرنسية: Allan Kardec)‏  معلومات شخصية اسم الولادة (بالفرنسية: Denisard Hypolite Léon Rivail)‏  الميلاد 3 أكتوبر 1804(1804-10-03)ليون الوفاة 31 مارس 1869 (64 سنة)باريس سبب الوفاة أم الدم داخل القحف  مكان الدفن مقبرة بير لاشيز[1][2]  مواطنة فرنسا  الحياة العملية تعلم لدى ي...

ثيسبياي

ثيسبياي  خريطة الموقع تقسيم إداري البلد اليونان  إحداثيات 38°17′00″N 23°09′00″E / 38.283333333333°N 23.15°E / 38.283333333333; 23.15   [1] السكان التعداد السكاني 4443 (legal population of Greece) (2021)[2]4890 (legal population of Greece) (2011)[3]  معلومات أخرى 32002  22620  تعديل مصدري - تعديل   ثيسب...

 

British Formula Ford Championship

Auto racing championship in the United Kingdom Formula Ford Championship of Great BritainCategorySingle seatersCountry United KingdomInaugural season1976Folded2014ConstructorsMygale, SinterEngine suppliersFordTyre suppliersDunlop Tyres, HankookLast Drivers' champion Jayde KrugerLast Teams' champion JTR The British Formula Ford Championship was an entry-level single seater motor racing category, designed to give racing drivers their first step into car racing after karting. Drivers from a...

 

Kalmar Union

Personal union in Scandinavia Kalmar Union Kalmarunionen (Danish · Norwegian · Swedish)Kalmarin unioni (Finnish)Kalmarsambandið (Icelandic)Kalmar unioni (Greenlandic)Kalmarsamveldið (Faroese)Kalmara uniovdna (Northern Sami)Unio Calmariensis (Latin) 1397–1523The Kalmar Union, c. 1400StatusPersonal unionCapital None (de jure) Copenhagen (de facto) 55°40′N 12°34′E / 55.667°N 12.567°E / 55.667; 12....

Thieme-Becker

Page 460 of volume 26 Thieme-Becker is a German biographical dictionary of artists. Thieme-Becker The dictionary was begun under the editorship of Ulrich Thieme (1865–1922)[1] (volumes one to fifteen) and Felix Becker (1864–1928)[2] (volumes one to four). It was completed under the editorship of Frederick Charles Willis (b. 1883) (volumes fourteen and fifteen) and Hans Vollmer (1878–1969) (volumes sixteen to thirty-seven).[3][4] Its full title is Allgemei...

 

Karl Renner

Former President and Chancellor of Austria You can help expand this article with text translated from the corresponding article in German. (August 2022) Click [show] for important translation instructions. Machine translation, like DeepL or Google Translate, is a useful starting point for translations, but translators must revise errors as necessary and confirm that the translation is accurate, rather than simply copy-pasting machine-translated text into the English Wikipedia. Do not tra...