Notice Regarding Establishment of Subsidiary: Establishment of Oriental Land Cruise Co., Ltd.

Overview of Subsidiary Establishment

Oriental Land Co., Ltd. will establish a wholly-owned subsidiary, Oriental Land Cruise Co., Ltd., on April 3, 2026, as part of its 2035 Long-Term Management Strategy aimed at sustainable growth. The capital is 450 million yen and the location is Mihama, Urayasu City, Chiba Prefecture. Ryotaro Shiiba is scheduled to be appointed as President and Representative Director. The business scope includes operation and management, planning, development, and sales of Japan-based cruise ships.

Future Outlook and Impact

The new subsidiary aims to launch a Disney cruise by fiscal 2028 and plans to proceed with designing and adjusting content for a Japan-flagged ship version of the existing Disney Cruise Line vessel, Disney Wish. Full-scale shipbuilding is scheduled to start in the latter half of fiscal 2026. The impact on the fiscal year ending March 2026 earnings is expected to be minimal. Progress updates will be disclosed as appropriate.