Earnings quality
Compare earnings and operating cash flow for earnings quality.
Oriental Land Co., Ltd.
Ticker 4661 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-25 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 23.9%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin23.9%
Equity ratio—
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
株式会社オリエンタルランド is a Japanese listed company. Its reportable segments include Hotel Business, Theme Parks, Operating Segments Not Included In, Total Of.
- Hotel Business
- Theme Parks
- Operating Segments Not Included In
- Total Of
- Description Of
- Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each
Segments Hotel Business · Theme Parks · Operating Segments Not Included In · Total Of · Description Of · Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each
Compare trends
No phone/email found in this filing · Filing date 2026-06-25
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥679.4B | ¥704.5B |
| Cost of sales* | ¥406.2B | ¥431.6B |
| Gross profit | ¥273.2B | ¥273.0B |
| Operating profit (loss) | ¥172.1B | ¥168.4B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥49.4B | ¥48.3B |
| Profit (loss) | ¥124.2B | ¥121.9B |
| Profit (loss) attributable to owners | ¥124.2B | ¥121.9B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥188.4B | ¥236.1B |
| Current assets | ¥525.4B | ¥675.2B |
| Non-current assets | ¥913.2B | ¥953.9B |
| Total assets | ¥1.4T | ¥1.6T |
| Short-term borrowings | — | — |
| Current liabilities | ¥235.9B | ¥206.4B |
| Non-current liabilities* | ¥225.2B | ¥322.7B |
| Total liabilities | ¥461.1B | ¥529.1B |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥195.4B | ¥181.3B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥26.9B | ¥38.6B |
| Net increase (decrease) in cash | -¥84.6B | ¥47.7B |
| Cash at end of period | ¥188.4B | ¥236.1B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥275.7B | ¥483.1B | ¥618.5B | ¥679.4B | ¥704.5B | |
| Operating profit | ¥11.3B | ¥111.8B | ¥166.0B | ¥173.3B | ¥169.6B | |
| Profit to owners | — | — | — | ¥124.2B | ¥121.9B | |
| Total assets | ¥1.1T | ¥1.2T | ¥1.4T | ¥1.4T | ¥1.6T | |
| Cash & equivalents | — | — | ¥273.0B | ¥188.4B | ¥236.1B | |
| Owners’ equity | ¥756.3B | ¥829.7B | ¥949.6B | ¥977.4B | ¥1.1T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ¥679.4B to ¥704.5B (▲ +3.7%), so the top line did not break. Gross profit only slipped from ¥273.2B to ¥273.0B, while operating profit swung from ¥172.1B to ¥168.4B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥181.3B (prior ¥195.4B), and cash on the balance sheet rose to ¥236.1B from ¥188.4B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥529.1B while owners’ equity fell to —. ROE moved from 12.9% to 11.7%, and the equity ratio from 67.9% to 67.5%. Employee count is 11,207 vs 10,507 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Owners’ equity ratio fell from 67.9% to 67.5%; the balance sheet absorbed a heavy loss year.
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Source: EDINET S100YCJX
(株式会社オリエンタルランド), period end 2026-03-31.