Urayasu, Chiba Prefecture-based Oriental Land Co., Ltd. and Meguro-ku, Tokyo-based The Walt Disney Company (Japan) Ltd. have agreed to begin talks on a possible transfer of the Disney Store business in Japan.
1. Background to the start of talks on the transfer of the Disney Store business Retail Networks Co., Ltd., a wholly owned subsidiary of Oriental Land, currently manages and operates the Disney Store business in Japan. Through the close working relationship our companies enjoy the notion of transferring the Disney Store business to Disney Japan began to take form, and a decision was made to begin negotiations on the idea. A transfer would allow Disney Japan to leverage effectively the nationwide Disney Store network as a direct touch point to forming deeper ties with its customers. This would complement Disney’s other lines of businesses (movies, television, consumer products and others) and would be expected to further enhance the value of Disney’s brand in the Japanese market.
2. How the Disney Store business will be transferred Details of any transfer have not yet been decided.
3. Timeframe – A specific timeframe for completing a sale of the Disney Store business has not yet been decided.
4. Earnings impact
At this stage, the impact of a sale on the two companies’ earnings is unknown.