Oriental Land Company
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Native name
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株式会社オリエンタルランド (Kabushikigaisha Orientaru Rando?) |
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| Public KK | |
| Traded as | : BlSX: OTC US: OTC ADR: |
| Industry | Travel |
| Founded | 1960 |
| Headquarters | Urayasu, Chiba, Japan |
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Key people
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| Brands | Tokyo Disney Resort |
| Services | Hotel rental Theme park |
| Revenue | US$3,767.6 m (March 31, 2015) |
| US$893.7 m (March 31, 2015) | |
| US$582.3 m (March 31, 2015) | |
| Total assets | US$6,032.9 m (March 31, 2015) |
| Total equity | US$4,558.2 (March 31, 2015) |
| Owners |
Keisei Electric Railway Co., Ltd. Mitsui Fudosan Co., Ltd. |
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Number of employees
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4,438 |
| Subsidiaries |
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| Website | Official website |
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Footnotes / references |
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The Oriental Land Company, Limited (株式会社オリエンタルランド Kabushikigaisha Orientaru Rando?) : is a Japanese leisure and tourism corporation headquartered in Urayasu, Chiba, Japan. The company owns the Tokyo Disney Resort in Urayasu. The company operates in three segments Theme Park, Hotel Business, and Other Business.
The Company pays Disney for character and likeness licenses and royalties, and Disney consults and contract out Imagineers to the company to design and build Tokyo Disneyland Park as well as a second theme park, Tokyo DisneySea.
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. Two years later, the company contacted Disney about building a theme park. OLC was also building a few shopping centers in Chiba prefecture.
In 1979, Oriental and Disney agreed to build the theme park.Tokyo Disneyland opened on April 15, 1983 on 200 acres in Maihama. The company borrowed $1.4 billion for Disneyland which they paid off in 3 years.
Disney announced in November 1995 the building of Tokyo DisneySea to be owned by Oriental next to the Tokyo Disneyland. Oriental and Disney signed the DisneySea licensing agreement in November 1997 with the theme park to open in 2001 at a cost of $2.6 billion. In May 1999, the company sold two sets of bonds, $200 million in quake bonds and $406 million of bonds to fund DisneySea. DisneySea opened on September 4, 2001 at only $.2 billion over budget.
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