Oriental Land Co., the operator of Tokyo Disneyland, said Tuesday its consolidated net account showed 1.89 billion yen profit in the first half of this business year.
The interim profit, a turnaround from a 317 million yen loss a year earlier, is largely due to the Sept. 4 launch of Tokyo DisneySea Park, Oriental Land said.
The company said its group pretax account showed a profit of 5.48 billion yen, more than quadruple that of a year earlier, on revenues of 114.12 billion yen, up 29.1 percent, for the six-month period through Sept. 30.
In addition to DisneySea, the group in July launched a monorail connecting its amusement park facilities. And in September, a new hotel adjoining DisneySea was opened, the group said, adding that all contributed to the strong showing.
Overall visitors to the two amusement parks totaled 9.3 million during the period, up 16.5 percent from a year earlier, helped by efforts promoting nighttime attractions.
Revenues generated by the two parks came to about 100 billion yen, up 23.8 percent, it added.
On an unconsolidated basis, Oriental Land reported a pretax profit of 7.52 billion yen, up 99.7 percent, and net profit of 3.74 billion yen, up 71.4 percent, on revenues of 101.86 billion yen, up 24.2 percent.
It will pay an interim dividend of 7 yen per share, unchanged from a year earlier.
The company expects to post strong results in its group business for the year in full.
Full-year consolidated net profit is expected to amount to around 5.9 billion yen, up from 4.74 billion yen the year before, with pretax profit expected to be about 13.1 billion yen, up from 12.04 billion yen, on revenues of 274.7 billion yen, up from 200.19 billion yen.