Oriental Land : Consolidated Financial Statements for the First Quarter of the Fiscal Year Ending March 31, 2023 (Japanese accounting standards)

About this update from Oriental Land Co., Ltd.

Consolidated Financial Statements for the First Quarter of the Fiscal Year Ending March 31, 2023 (Japanese accounting standards) July 28, 2022 These financial statements have been prepared for reference only in accordance with accounting principles and practices generally accepted in Japan. Oriental Land Co., Ltd. Stock exchange listing: Tokyo Stock code: 4661 URL: http://www.olc.co.jp/en/ Representative: Kenji Yoshida, Representative Director and President Contact: Yutaka Yokoyama, Director of Finance/Accounting Department Planned Date for Submission of the Quarterly Report: August 15, 2022 Planned Date for Start of Dividend Payment: - Supplementary materials for the quarterly financial statements: Yes Briefing session on quarterly financial results: Yes (for institutional investors) Note: All amounts are rounded down to the nearest million yen. 1. Consolidated Results for the First Quarter of the Fiscal Year Ending March 31, 2023 (April 1, 2022 to June 30, 2022) (1) Consolidated Operating Results (Cumulative total) (Percentages represent change compared with the same period of the previous fiscal year.) Net sales Operating profit (loss) Ordinary profit (loss) (¥ million) (%) (¥ million) (%) (¥ million) (%) Three months ended June 30, 2022 98,166 97.0 17,062 - 17,501 - Three months ended June 30, 2021 49,821 708.2 (8,832) - (8,271) - Note: Comprehensive income: Three months ended June 30, 2022: ¥ 13,154million (-%) Three months ended June 30, 2021: ¥ (6,424) million (-%) Profit (Loss) attributable to owners of parent Earnings per share Earnings per share (diluted) (¥ million) (%) (¥) (¥) Three months ended June 30, 2022 12,105 - 36.96 36.42 Three months ended June 30, 2021 (6,059) - (18.50) - Note: Earnings per share (diluted) for three months ended June 30, 2021, is not indicated because net loss per share is indicated, although there are potential common shares with dilutive effects. (2) Consolidated Financial Position Total assets Net assets Shareholders' equity Net assets per share (¥ million) (¥ million) ratio (%) (¥) As of June 30, 2022 1,099,391 764,700 69.6 2,334.66 As of March 31, 2022 1,086,884 756,317 69.6 2,309.12 Reference: Shareholders' equity: As of June 30, 2022: ¥764,700 million As of March 31, 2022: ¥756,317 million 2. Dividends Annual dividends (¥) First quarter- Second quarter- Third quarter- Year-end Total end end end Fiscal Year ended March 31, 2022 - 13.00 - 15.00 28.00 Fiscal Year ending March 31, 2023 - Fiscal Year ending March 31, 2023 (Est.) 15.00 - 15.00 30.00 Note: Revisions to the latest announcement regarding dividend projection: None 3. Projected Consolidated Results for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March 31 , 2023) (Percentages represent change compared with the previous fiscal year or the same quarter of the previous fiscal year, as applicable.) Net sales Operating profit Ordinary profit Profit attributable to Earnings per owners of parent share (¥ million) (%) (¥ million) (%) (¥ million) (%) (¥ million) (%) (¥) Six months ending 192,881 97.7 21,865 - 22,196 - 15,334 - 46.82 September 30, 2022 Fiscal Year ending 407,922 47.9 50,251 549.8 50,601 348.7 35,244 336.8 107.60 March 31, 2023 Note: Revisions to the latest announcement regarding result projection: None *Notes Changes in Major Subsidiaries during the Three Months Ended June 30, 2022 (Changes in specified subsidiaries due to changes in the scope of consolidation): None Application of Special Accounting Methods for Quarterly Consolidated Financial Statements: None Changes in Accounting Policies, Changes in Accounting Estimates, or Restatement Changes in accounting policies due to changes in accounting standards: Yes Changes other than (a) above: None Changes in accounting estimates: None Restatement: None Note: For details, please refer to Change in Accounting Policy in (3) Notes Regarding the Consolidated Financial Statements for the First Quarter Under Review on page 5. (4) Number of Shares Issued and Outstanding (Common stock) (a) Number of shares issued at end of period Three months ended 363,690,160 Year ended 363,690,160 (including treasury shares) June 30, 2022: shares March 31, 2022: shares (b) Number of treasury shares at end of Three months ended 36,147,453 Year ended 36,154,941 period June 30, 2022: shares March 31, 2022: shares (c) Average number of shares outstanding Three months ended 327,538,729 Three months ended 327,467,609 (quarterly cumulative period) June 30, 2022: shares June 30, 2021: shares Note: Number of treasury shares includes shares owned by the ESOP trust account of the employee stock plan. The Company's quarterly consolidated financial statements are not subject to quarterly financial review by certified public accountants or an auditing firm. Explanation on the Appropriate Usage of Performance Projections and Other Specific Matters The projections and other statements with respect to the future included in this material are based on currently available information and certain assumptions that are judged reasonable by the Company. Please be advised that the Company does not guarantee in any way the achievement of the projections and other goals in this material and that cases may occur where the actual results and other situations differ materially from the projections due to various factors. Quarterly Consolidated Financial Statements and Key Notes (1) Quarterly Consolidated Balance Sheets (Millions of yen) At the end of At the end of Items the previous fiscal year the first quarter (March 31, 2022) (June 30, 2022) ASSETS Current assets Cash and deposits 199,870 199,102 Notes and accounts receivabl e-t rade, and 15,581 19,513 contract assets Securities 34,997 36,995 Merchandise and finished goods 6,062 7,537 Work in process 109 233 Raw materials and supplies 8,783 8,858 Other 6,016 6,697 Allowance for doubtful accounts 10) 9) ሺ ሺ Total current assets 271,410 278,929 Non-current assets Property, plant and equipment Buildings and structures, net 322,830 344,767 Machinery, equipment and vehicles, net 44,831 42,345 Land 115,890 115,890 Construction in progress 218,731 206,675 Other, net 17,958 16,780 Total property, plant and equipment 720,241 726,459 Intangible assets Other 18,329 18,047 Total intangible assets 18,329 18,047 Investments and other assets Other 76,998 76,051 Allowance for doubtful accounts 95) 95) ሺ ሺ Total investments and other assets 76,903 75,956 Total non-current assets 815,474 820,462 Total assets 1,086,884 1,099,391 1 (Millions of yen) At the end of At the end of Items the previous fiscal year the first quarter (March 31, 2022) (June 30, 2022) LIABILITIES Current liabilities Notes and accounts payable-trade 12,164 11,380 Current portion of long-term borrowings 5,246 5,353 Income taxes payable 2,578 3,681 Other 65,258 69,263 Total current liabilities 85,247 89,679 Non-current liabilities Bonds payable 230,000 230,000 Long-term borrowings 7,401 7,029 Retirement benefit liability 3,641 3,774 Other 4,276 4,206 Total non-current liabilities 245,320 245,012 Total liabilities 330,567 334,691 NET ASSETS Shareholders' equity Share capital 63,201 63,201 Capital surplus 115,005 115,005 Retained earnings 678,566 685,754 Treasury shares (113,257) 113,111) Total shareholders' equity 743,515 ሺ 750,849 Accumulated other comprehensive income Valuation difference on available-for-sale securities 10,741 11,808 Deferred gains or losses on hedges 172 211 Remeasurements of defined benefit plans 1,886 1,830 Total accumulated other comprehensive income 12,801 13,850 Total net assets 756,317 764,700 Total liabilities and net assets 1,086,884 1,099,391 2 Quarterly Consolidated Statements of (Comprehensive) Income (Quarterly Consolidated Statements of Income) Three months ended June 30, 2022 (Millions of yen) Three months ended Three months ended Items June 30, 2021 June 30, 2022 (April 1, 2021 (April 1, 2022 to June 30, 2021) to June 30, 2022) Net sales 49,821 98,166 Cost of sales *1 45,650 *1 63,070 Gross profit (loss) 4,171 35,095 Selling, general and administrative expenses *1 13,004 *1 18,032 Operating profit (loss) (8,832) 17,062 Non-operating income Interest income 23 36 Dividend income 313 286 Share of profit of entities accounted for using equity method － 1 Insurance received and insurance dividends 46 49 Subsidy income *2 291 *2 208 Other 553 200 Total non-operating income 1,227 782 Non-operating expenses Interest expenses 111 90 Share of losses of entities accounted for using equity method 95 － Commission expenses 208 133 Depreciation 225 － Other 24 118 Total non-operating expenses 666 342 Ordinary profit (loss) (8,271) 17,501 (Loss) before income taxes 8,271) 17,501 Profit Income taxes-current ሺ 164 3,307 Income taxes-deferred (2,376) 2,088 Total income taxes (2,212) 5,396 Profit (Loss) (6,059) 12,105 Profit (Loss) attributable to owners of parent (6,059) 12,105 3 This is an excerpt of the original content. To continue reading it, access the original document here .

View stock analysis, news, and events for Oriental Land Co., Ltd.