Business

Tokyo Disneyland operator logs record-high profit in fiscal 2011

Kyodo

Tokyo Disneyland’s operator said Thursday consolidated net profit soared 40.2 percent to a record-high ¥32.11 billion in fiscal 2011, thanks to a sharp recovery in visitor numbers after the March 2011 earthquake and tsunami.

Oriental Land Co. said group operating profit for the year that ended March 31 rose ¥66.92 billion, up 24.7 percent from a year earlier, on sales of ¥360.06 billion, up 1.1 percent.

The company was forced to close Tokyo Disneyland for about a month after the natural and nuclear disasters hit in March 2011, but visitor numbers rebounded in the summer after it introduced new attractions and held special events celebrating the 10th anniversary of the adjacent Tokyo DisneySea.

For fiscal 2012, the company projects that group net profit will set a new record at around ¥40 billion, a 24.6 percent year-on-year spike.

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