Oriental Land Co., Ltd. announced that Disney cruises are coming to Japan, and a license agreement was concluded as follows with Disney Enterprises, Inc. (hereinafter "Disney Company") regarding cruise business in Japan. This decision is based on the board of directors meeting held on July 9, 2024. The Oriental Land Group has previously announced its goals for the year 2030, with the objective of contributing to society, and achieving long term growth.

The Company has remodeled its business structure, and is promoting actions to achieve further growth. As part of this effort, plans were being considered for a new business opportunity. The Company reached a decision to enter into the cruise business in Japan, and has concluded a license agreement with the Disney Company to bring the magic of Disney cruises to the market.

This decision was based on the potential growth of the cruise market in Japan, the experience the Company has gained in its theme park and hotel operations, and its strong relationship with the Disney Company which will serve as a great advantage for this business opportunity. Based on the license agreement concluded with the Disney Company, constructions for shipbuilding will commence from Japanese fiscal year 2025, with the objective to become operational from Japanese fiscal year 2028. Department responsible for this business project: Corporate Strategy Planning Department, Corporate Strategy Planning Division, Oriental Land Co., Ltd. The total investment amount for this business is projected to amount to approximately JPY 330 billion.