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Operates Tokyo Disneyland and Tokyo DisneySea theme parks under license from Disney.
Operates Tokyo Disneyland and Tokyo DisneySea theme parks under license from Disney.
Earns from admission tickets, merchandise, food and its on-site hotels, and pays Disney a licence fee for the characters and park designs rather than owning them. Keisei Electric Railway is its largest shareholder. The 2024 opening of the Fantasy Springs area at DisneySea added capacity for more visitors.
In one line: Japan's Disney theme-park licensee, the operating company rather than the IP owner.
Moat: wide (brand, regulatory licence, scale). Exclusive long-term license to operate Disney parks in the Tokyo region, an irreplaceable brand/location combination.
Headquarters: Urayasu, Chiba, Japan · Founded: 1960 · Employees: 11,207
Size Oriental Land (4661.T) is a Japan Consumer Discretionary company (Movies/Entertainment) with a market value of $36.7B, the 42nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,529 on 6 Nov 2026.
Performance Over six months the shares gained 61.2%, against +26.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 5.6% over the last twelve months (peer median +7.6%); the operating margin is 24.2% (peer median 8.8%).
Valuation It trades at 41.9× forward earnings against a peer median of 15.3× (2nd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +33%, so the hurdle is -24 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.1 points above its cost of capital (5.0% WACC).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥737B | ¥705B | ¥679B | ¥618B | ¥483B |
| Revenue growth | — | +4% | +10% | +28% | — |
| Gross profit | ¥337B | ¥273B | ¥273B | ¥250B | ¥186B |
| EBITDA | n/a | ¥235B | ¥238B | ¥212B | ¥158B |
| Net income | ¥135B | ¥122B | ¥124B | ¥120B | ¥80.7B |
| Free cash flow | n/a | ¥104B | ¥95.3B | ¥149B | ¥79.2B |
| Capital expenditure | n/a | ¥83.6B | ¥103B | ¥52.7B | ¥93.2B |
| Total debt | ¥306B | ¥327B | ¥267B | ¥209B | ¥241B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Oriental Land 4661.T | $36.7B | +61% | +6% | 24% | 41.9× | 9.3% |
| Walt Disney Company (The) DIS | $202B | +9% | +5% | 15% | 15.4× | 14.2% |
| Comcast CMCSA | $86.6B | -3% | 0% | 15% | 7.2× | -6.4% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 4661.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +24.3% | +6.0% | highest of 21 |
| 6-month return | +61.2% | +26.8% | 2nd highest of 21 |
| Distance from 52-week high | -5.6% | -10.4% | 3rd highest of 21 |
| Revenue growth (TTM) | +5.6% | +7.6% | 7th lowest of 21 |
| Operating margin | 24.2% | 8.8% | 2nd highest of 21 |
| Forward P/E | 41.9× | 15.3× | 2nd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 9.3% | 3.4% | 5th most demanding of 20 |
| Growth delivered (Del g) | +32.8% | +11.1% | 2nd highest of 20 |
| Hurdle (Req g minus delivered) | -23.5 pp | -7.3 pp | 2nd least demanding of 20 |
| ROIC minus cost of capital | +9.1 pp | -0.4 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Oriental Land 4661.T | Japan | $36.7B | +61% | +6% | 24% | 41.9× | 9.3% | +32.8% |
| Denso 6902.T | Japan | $32.5B | -1% | +7% | 7% | 12.1× | 3.4% | +8.8% |
| Bridgestone 5108.T | Japan | $31.7B | +28% | +6% | 12% | 14.0× | -1.9% | +10.4% |
| Honda Motor 7267.T | Japan | $45.2B | +45% | +4% | -1% | 11.7× | 18.2% | +10.6% |
| Suzuki Motor 7269.T | Japan | $27.3B | +26% | +14% | 9% | 9.1× | -0.8% | +14.6% |
| Sumitomo Electric Industries 5802.T | Japan | $27.3B | -47% | +14% | 9% | 11.4× | 13.3% | +11.9% |
| Bandai Namco 7832.T | Japan | $26.1B | +76% | +9% | 15% | 25.5× | -0.4% | +12.7% |
| Ly Corporation 4689.T | Japan | $23.2B | +31% | +8% | 15% | 18.5× | 0.8% | +11.0% |
| Aeon 8267.T | Japan | $21.4B | -19% | +11% | 2% | 51.1× | 3.5% | +4.5% |
| Asics 7936.T | Japan | $20.7B | +10% | +28% | 19% | 27.1× | 14.1% | +19.8% |
| Ryohin Keikaku 7453.T | Japan | $16.4B | +31% | +18% | 11% | 32.4× | 9.5% | +15.3% |
| Sekisui House 1928.T | Japan | $14.1B | +2% | -2% | 9% | 10.0× | -5.1% | +11.4% |
| Subaru 7270.T | Japan | $12.3B | +16% | 0% | 3% | 12.0× | 2.7% | +11.1% |
| Zensho 7550.T | Japan | $12.2B | +41% | +12% | 7% | 34.3× | 6.1% | +16.3% |
| Nitori 9843.T | Japan | $11.7B | +47% | 0% | 13% | 20.0× | 2.7% | +4.9% |
| Shimano 7309.T | Japan | $11.5B | +29% | +5% | 12% | 35.8× | 6.0% | +4.3% |
| Toray Industries 3402.T | Japan | $11.1B | +6% | +6% | 6% | 16.6× | 5.5% | +6.5% |
| Yamaha Motor 7272.T | Japan | $10.1B | +54% | +10% | 6% | 9.3× | 4.2% | +11.5% |
| Sanrio 8136.T | Japan | $9.78B | +33% | +28% | 39% | 22.4× | 1.9% | +36.4% |
| Aisin 7259.T | Japan | $9.78B | -14% | +6% | 4% | 10.0× | -0.3% | +7.7% |
| Isuzu Motors 7202.T | Japan | $9.26B | -1% | +5% | 6% | 8.8× | n/a | n/a |