is a Japanese leisure and tourism corporation headquartered in Urayasu, Chiba,

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the n ...

where it also owns and operates the

Tokyo Disney Resort The (local nickname ''TDR'') is a theme park and vacation resort located in Urayasu, Chiba, Japan, just east of Tokyo. The resort is fully owned and operated by The Oriental Land Company under a licence from The Walt Disney Company, who co ...

. The company operates in three segments, divided as theme parks, hotels, and other business. Oriental Land pays licenses and royalties to

The Walt Disney Company The Walt Disney Company, commonly known as Disney (), is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Disney was originally founded on Octobe ...

for use of their intellectual properties, while Disney provides consultation and their

Imagineering ''Imagineering'' (from "imagination" and "engineering") is the implementation of creative ideas in practical form. The word was registered as a trademark of Disney Enterprises, Inc. in 1990, and forms part of the title of Disney's research and dev ...

division to design and build Oriental Land's theme parks and attractions at the resort. The Oriental Land Company is the only Disney Resort business company in the world that has no capital relationship with Disney.

History

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 Land reclamation, usually known as reclamation, and also known as land fill (not to be confused with a waste landfill), is the process of creating new land from oceans, seas, riverbeds or lake beds. The land reclaimed is known as reclamat ...

. Two years later, the company contacted Disney about building a theme park. OLC was also building a few shopping centers in

Chiba Prefecture is a prefecture of Japan located in the Kantō region of Honshu. Chiba Prefecture has a population of 6,278,060 (1 June 2019) and has a geographic area of . Chiba Prefecture borders Ibaraki Prefecture to the north, Saitama Prefecture to t ...

. In 1979, Oriental and Disney agreed to build the theme park. Tokyo Disneyland opened on on 200 acres in Maihama. The company borrowed $1.4 billion for Disneyland which they paid off in three years. Disney announced in the building of Tokyo DisneySea to be owned by Oriental next to the Tokyo Disneyland. Oriental and Disney signed the DisneySea licensing agreement in with the theme park to open in 2001 at a cost of $2.6 billion. In , the company sold two sets of bonds, $200 million in quake bonds and $406 million of bonds to fund DisneySea. DisneySea opened on at only $200 million over budget. In 2000, OLC formed Ikspiari Co., Ltd. to run Ikspiari. Even though the Disney Stores maintained strong sales, mounting cost of sales and operation and the loss of key executives who had driven the Disney Stores to success led

to convert the Disney Stores into a licensed operation. The Japanese stores were sold to the company in April 2002 and placed into Retail Networks Co., Ltd. subsidiary. In October 2008, Oriental Land Company announced that it and Disney had shelved plans for a new Disney complex in a major Japanese city. The company and Disney had spent more than a year studying an urban-style amusement facility for 2010 or later, but ended planning due to low profits expected versus the investment. The firm said it would continue to explore possibilities for a new business, which might not involve Disney. The Oriental Land Company announced an agreement that it would sell Retail Networks Co., Ltd., its Japanese Disney Stores, back to

. Disney took over beginning on March 31, 2010, Retail Networks Co., Ltd., Oriental Land Company subsidiary owning the Disney Stores in Japan. OLC's hotel subsidiary, Milial Resort Hotels Co., Ltd. purchased on the Brighton Corporation, another hotel company.Company Overview of Brighton Corporation
Bloomberg Business. Accessed on August 20, 2015. On , Create Restaurants Holdings Inc. fully acquired RC Japan Co., Ltd. from Oriental Land Co., Ltd. for 65 million yen.

License

Oriental Land Co., Ltd does not have a license for Marvel Entertainment. There are no facilities related to Marvel in Tokyo Disneyland and Tokyo DisneySea.

Corporate assets

, Theme Park segment ** Tokyo Disneyland ** Tokyo DisneySea *Milial Resort Hotels Co., Ltd., Hotel Business segment **

Disney's Ambassador Hotel The Disney Ambassador Hotel was the first Disney-branded hotel built at Tokyo Disney Resort in Urayasu, Chiba, Japan. It opened on July 20, 2000, and was constructed under a license by The Walt Disney Company. The hotel is managed by The Oriental ...

Tokyo DisneySea Hotel MiraCosta The Tokyo DisneySea Hotel MiraCosta was the second hotel built at Tokyo Disney Resort in Urayasu, Chiba, Japan. It opened on September 4, 2001, alongside the opening of the Tokyo DisneySea theme park. It was constructed under a license by The Wa ...

** Tokyo Disneyland Hotel **Brighton Corporation, Ltd. ***Palm & Fountain Terrance Hotel ***Urayasu Brighton Hotel ***Kyoto Brighton Hotel *Other Business segment **IKSPIARI Co., Ltd., operates Ikspiari, an entertainment complex near the theme parks that has 9 themed zones with more than 100 shops and a 16-screen cinema. **employee cafeterias; and theme restaurants *Maihama Resort Line Co., Ltd. operates Disney Resort Line, a monorail service *affiliate transportation companies under shared ownership with Keisei Electric Railway Co., Ltd. ** Tokyo Bay City Kotsu Co., Ltd. (35%) **Maihama Resort Cab Co., Ltd. (43%) ** Keisei Transit Bus Co., Ltd. (33%)

References

External links

OLC Group website
(In Japanese)
OLC Group website (In English)
{{DEFAULTSORT:Oriental Land Company Companies listed on the Tokyo Stock Exchange Companies based in Chiba Prefecture Entertainment companies established in 1960 Mitsui Fudosan Keisei Electric Railway Japanese companies established in 1960