The is a Japanese leisure and tourism company headquartered in Urayasu, Chiba, Japan, where it owns and operates the Tokyo Disney Resort. The company operates in three segments: theme parks, hotels, and other businesses. It is a component of the TOPIX Large70 index. The company’s largest shareholder is the Keisei Electric Railway, which holds 22% of its shares.

Oriental Land pays licenses and royalties to the Walt Disney Company for the use of Disney intellectual property, while Disney provides consultation and design services through Walt Disney Imagineering for the resort’s theme parks and attractions. OLC is the only Disney resort operator that has no capital relationship with Disney.

History

The Oriental Land Company was founded in 1960. Two years later, the company contacted Disney about building a theme park. OLC was also building a few shopping centers in Chiba Prefecture. The company borrowed $1.4 billion for Disneyland which they paid off in three years.

Disney announced in the building of Tokyo DisneySea to be owned by Oriental next to the Tokyo Disneyland. 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 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.

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 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.

On , Create Restaurants Holdings Inc. fully acquired RC Japan Co., Ltd. from Oriental Land Co., Ltd. for 65 million yen.

Corporate assets

  • Tokyo Disney Resort, Theme Park segment
  • Tokyo Disneyland
  • Tokyo DisneySea
  • Milial Resort Hotels Co., Ltd., Hotel Business segment
  • Disney Ambassador Hotel
  • Tokyo DisneySea Hotel MiraCosta
  • Tokyo Disneyland Hotel
  • Maihama Resort Line Co., Ltd. operates Disney Resort Line, a monorail service.
  • Affiliate transportation companies under shared ownership with Keisei Electric Railway Co., Ltd.
  • keisei Bus Chiba West Co., Ltd.(26.8%)(former Tokyo Bay City Kotsu Co., Ltd. and Keisei Transit Bus Co., Ltd.) <!-- Both sources should cover the full section, else I missed a sourced page on olc.co.jp -->

References

  • OLC Group website (In Japanese)
  • OLC Group website (In English)