Oriental Land News
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The weakening yen has turned Japan’s annual Golden Week, a string of springtime holidays, into a boon for domestic tourism.
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Lego A/S, the Billund, Denmark- based toymaker famous for its colorful building bricks, has minted three new billionaires as the company’s revenue soared 25 percent last year.
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Oriental Land Co. , operator of the Tokyo Disney Resort, said it may cooperate with Walt Disney Co. on a planned Shanghai theme park.
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The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut, unless stated otherwise.
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Oriental Land Co., which operates Tokyo Disney Resort, may report that operating profit rose by 2 percent to a record 41 billion yen ($436 million) for the fiscal year ended March 31, Nikkei English News reported.
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The yen’s slide may ripple through Japanese companies beyond exporters, underscoring pressure on Prime Minister Shinzo Abe to prevent the currency rebounding from close to the lowest since 2010.
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Helium prices in the U.S., the world’s biggest producer, are trading at the highest level since at least 1995 as the shale boom exacerbates a shortage of the gas used in everything from semiconductors to medical equipment.
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Japan’s Nikkei 225 Stock Average fell 139.55, or 1.5 percent, to 9,338.98 at the midday trading break in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
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Oriental Land Co., the operator of Tokyo Disney Resort, gained the most in almost 18 months after reporting first-quarter net income surged to 6.22 billion yen from 460 million yen a year earlier.
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Japan’s Nikkei 225 Stock Average rose 164.58, or 1.7 percent, to 9,653.92 as of the close in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
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