The , also known as Oriental Land is a Japanese leisure and tourism company headquartered in

Urayasu, Chiba 260px, Old Urayasu is a city located in Chiba Prefecture, Japan. , the city had an estimated population of 170,533 in 81,136 households and a population density of . The total area of the city is . Urayasu is best known as the home of Tokyo Di ...

, Japan where it also owns and operates the

Tokyo Disney Resort The (local nickname ''TDR'') is a theme park and vacation resort located in Urayasu, Chiba, Japan, just east of Tokyo. The resort is owned and operated by the Oriental Land Company, the Oriental Land Co., a subsidiary of the Keisei Electric Rai ...

. The company operates in three segments, divided as theme parks, hotels, and other business. It is a component of the

TOPIX The , commonly known as the TOPIX, is an important stock market index for the Tokyo Stock Exchange (TSE) in Japan, along with the Nikkei 225. The TOPIX tracks the entire market of domestic companies and covers most stocks in the Tokyo Stock Exc ...

Large70 index. OLC's largest shareholder is the

Keisei Electric Railway The (stylized as K'SEI since 2001) is a major private railway in Chiba Prefecture and Tokyo, Japan. The name ''Keisei'' is the combination of the kanji 京 from and 成 from , which the railway's main line connects; the combination uses diffe ...

which controls 22% of the company's shares. Oriental Land pays licenses and royalties to

The Walt Disney Company The Walt Disney Company, commonly referred to as simply Disney, is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Disney was founded on October 16 ...

for use of their intellectual properties, while Disney provides consultation and their

Imagineering Walt Disney Imagineering Research & Development, Inc.—commonly referred to as Walt Disney Imagineering, Imagineering, or WDI—is the research and development arm of The Walt Disney Company, responsible for the creation, design, and construc ...

division to design and build Oriental Land's theme parks and attractions at the resort. OLC is the only Disney resort company that has no capital relationship with Disney.

History

The Oriental Land Company was founded in 1960. The company was developing Maihama, an area of land in Urayasu that was created through

land reclamation Land reclamation, often known as reclamation, and also known as land fill (not to be confused with a waste landfill), is the process of creating new Terrestrial ecoregion, land from oceans, list of seas, seas, Stream bed, riverbeds or lake ...

. Two years later, the company contacted Disney about building a theme park. OLC was also building a few shopping centers in

Chiba Prefecture is a Prefectures of Japan, prefecture of Japan located in the Kantō region of Honshu. Chiba Prefecture has a population of 6,278,060 (1 June 2019) and has a geographic area of . Chiba Prefecture borders Ibaraki Prefecture to the north, Saitama ...

. In 1979, Oriental and Disney agreed to build the theme park.

Tokyo Disneyland is a theme park at the Tokyo Disney Resort in Urayasu, Chiba Prefecture, Japan, near Tokyo. Its main gate is directly adjacent to both Maihama Station and Tokyo Disneyland Station. It was the first Walt Disney Parks and Resorts, Disney park t ...

opened on on 200 acres in Maihama. The company borrowed $1.4 billion for Disneyland which they paid off in three years. Disney announced in the building of

Tokyo DisneySea is a theme park at the Tokyo Disney Resort located in Urayasu, Chiba Prefecture, Japan, just next to Tokyo. It opened on 4 September 2001, at a cost of 335 billion yen. The Oriental Land Company owns the park, and licenses intellectual prope ...

to be owned by Oriental next to the Tokyo Disneyland. Oriental and Disney signed the DisneySea licensing agreement in with the theme park to open in 2001 at a cost of $2.6 billion. In , the company sold two sets of bonds, $200 million in quake bonds and $406 million of bonds to fund DisneySea. DisneySea opened on at only $200 million over budget. In 2000, OLC formed Ikspiari Co., Ltd. to run Ikspiari. Even though the

Disney Store The Disney Store is a chain of specialty stores created on March 28, 1987, and sells only Disney-related items, many of them exclusive, under its own name and Disney Outlet. It is a business unit of the Disney Experiences division of The Walt Disn ...

s maintained strong sales, mounting cost of sales and operation and the loss of key executives who had driven the Disney Stores to success led

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. 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. The Oriental Land Company announced an agreement that it would sell Retail Networks Co., Ltd., its Japanese Disney Stores, back to

. Disney took over beginning on March 31, 2010, Retail Networks Co., Ltd., Oriental Land Company subsidiary owning the Disney Stores in Japan. OLC's hotel subsidiary, Milial Resort Hotels Co., Ltd. purchased on the Brighton Corporation, another hotel company.Company Overview of Brighton Corporation
Bloomberg Business. Accessed on August 20, 2015. On , Create Restaurants Holdings Inc. fully acquired RC Japan Co., Ltd. from Oriental Land Co., Ltd. for 65 million yen.

Corporate assets

, Theme Park segment **

* Milial Resort Hotels Co., Ltd., Hotel Business segment ** Disney Ambassador Hotel ** Tokyo DisneySea Hotel MiraCosta ** Tokyo Disneyland Hotel ** Tokyo Disney Resort Toy Story Hotel * Brighton Corporation, Ltd., Hotel Business segment ** Tokyo Disney Celebration Hotel ** Urayasu Brighton Hotel ** Kyoto Brighton Hotel * Other Business segment ** IKSPIARI Co., Ltd., operates Ikspiari, an entertainment complex near the theme parks that has 9 themed zones with more than 100 shops and a 16-screen cinema. ** Maihama Resort Line Co., Ltd. operates Disney Resort Line, a monorail service * affiliate transportation companies under shared ownership with Keisei Electric Railway Co., Ltd. ** Tokyo Bay City Kotsu Co., Ltd. (35%) ** Maihama Resort Cab Co., Ltd. (43%) ** Keisei Transit Bus Co., Ltd. (33%)

References

External links

OLC Group website
(In Japanese)
OLC Group website (In English)
{{DEFAULTSORT:Oriental Land Company Companies listed on the Tokyo Stock Exchange Companies based in Chiba Prefecture Entertainment companies established in 1960 Mitsui Fudosan Keisei Electric Railway Japanese companies established in 1960 Tokyo Disney Resort Urayasu, Chiba 1996 initial public offerings