Tokyo Disney Resort operator Oriental Land Co. said Thursday it expects a net loss of 51.11 billion yen ($490 million) in the fiscal year through next March due to the coronavirus pandemic.
The forecast for fiscal 2020 is a turnaround from the profit of 62.22 billion yen the previous year, with sales projected to plunge 60.1 percent to 185.46 billion yen.
With the spread of coronavirus infections, Oriental Land closed Tokyo Disneyland and DisneySea in late February. They resumed operations on July 1 but with a limited number of visitors.
For the first half through September, it booked a net loss of 30.10 billion yen, against 43.08 billion yen in profit a year earlier, on sales of 59.15 billion yen, down 76.2 percent.