The Oriental Land Company

is a Japanese leisure and tourism subsidiary of the Keisei Electric Railway Company, headquartered in Urayasu, Chiba, Japan where it also owns and operates the Tokyo Disney Resort. The company operates in three segments, divided as theme parks, hotels, and other business. It is a component of the TOPIX Large70 index. Oriental Land pays licenses and royalties to The Walt Disney Company for use of their intellectual properties, while Disney provides consultation and their Imagineering division to design and build Oriental Land's theme parks and attractions at the resort. The Oriental Land Company is the only Disney resort company that has no capital relationship with Disney. History The Oriental Land Company was founded in 1960. The company was developing Maihama, an area of land in Urayasu that was created through land reclamation. Two years later, the company contacted Disney about building a theme park. OLC was also building a few shopping centers in Chiba Prefecture. In 1979, Oriental and Disney agreed to build the theme park. Tokyo Disneyland opened on on 200 acres in Maihama. The company borrowed $1.4 billion for Disneyland which they paid off in three years.