Oriental Land Semi-annual settlement 30 billion yen deficit Impact of closure, etc. October 29, 18:37
Oriental Land Co., Ltd., which operates Tokyo Disneyland and Tokyo DisneySea, posted a net loss of 30 billion yen for the six months to last month due to the suspension of business due to the spread of the new coronavirus infection.
According to the announcement, the Oriental Land Group's financial results for the six months to last month were 59.1 billion yen, a 76.2% decrease from the same period of the previous year, and the final loss was 30 billion yen.
This is due to the fact that the two theme parks were closed until June due to the spread of the new coronavirus infection, and that the number of visitors was limited even after the reopening, resulting in a significant drop in sales. ..
In addition, the outlook for business results for the year ending March next year is that the number of visitors is expected to drop by more than 67%, and the final loss is expected to be 51.1 billion yen.
In addition, executive compensation, which has been reduced by 30% to 10%, will be further reduced.
The company has decided to reduce winter bonuses for approximately 4,000 full-time and part-time employees due to poor performance, and to encourage dancers to relocate in the parade and retire if they cannot agree.
Akinori Yokota, Managing Executive Officer of Oriental Land Co., Ltd., said, "It is difficult to recover the number of visitors in a short period of time. We would like to consider a ticket price mechanism that fluctuates according to supply and demand." Showed the idea of improving profitability.