Industry map/Entertainment, Media & Leisure
Theme Parks & Leisure Facilities industry map
Who earns the money in Theme Parks & Leisure Facilities, and who keeps it. When a company spans several industries, only the relevant segment is counted.
FY2025 · 53 companies · ¥2.15T
Industry map
Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.
- Industry size (revenue)
- ¥2.15T
- Companies
- 53
- Avg. salary（parent only）
- ¥6.3M
- Industry weather
- Sunny
YoY +14.0%
Avg. age 41.7
Operating income +18.9%
Oriental Land[4661]
Theme Parks
- Revenue
- ¥568.3B▲2.9%
- Operating income
- ¥130.5B▼7.1%
Margin 23.0%
Whole company: Revenue ¥704.5B · Net income ¥121.9B
Avg. salary ¥6.1M · 39.8（parent only）
- Keisei Electric Railway owns 20.0%
- Mitsui Fudosan owns 5.8%
Seibu Holdings[9024]
Hotel and Leisure
- Revenue
- ¥246.7B▲2.8%
- Operating income
- ¥22.7B▲21.6%
Margin 9.2%
Whole company: Revenue ¥513.3B · Net income ¥38.9B
Avg. salary ¥8.7M · 40.7（parent only）
- Keikyu owns 2.2%
Mitsui Fudosan[8801]
Facility Operations
- Revenue
- ¥244.1B▲9.0%
- Operating income
- ¥46.3B▲20.0%
Margin 19.0%
Whole company: Revenue ¥2.71T · Net income ¥278.7B
Avg. salary ¥18.6M · 42.1（parent only）
Heiwa[6412]
Golf Business
- Revenue
- ¥230.6B▲129.8%
- Operating income
- ¥45.6B▲147.1%
Margin 19.8%
Whole company: Revenue ¥258.1B · Net income ¥11.7B
Avg. salary ¥6.6M · 45.1（parent only）
Tobu Railway[9001]
Leisure
- Revenue
- ¥188.7B▲7.9%
- Operating income
- ¥18.4B▲7.0%
Margin 9.8%
Whole company: Revenue ¥655.4B · Net income ¥55.6B
Avg. salary ¥7.4M · 47.7（parent only）
Sanrio Company[8136]
Japan
- Revenue
- ¥113.6B▲32.1%
- Operating income
- ¥53.8B▲47.1%
Margin 47.4%
Whole company: Revenue ¥194.1B · Net income ¥54.6B
Avg. salary ¥7M · 37.0（parent only）
Resorttrust[4681]
Hotel, restaurants, and others
- Revenue
- ¥110.9B▲6.7%
- Operating income
- ¥5.63B▲175.0%
Margin 5.1%
Whole company: Revenue ¥263B · Net income ¥20.9B
Avg. salary ¥6.6M · 36.2（parent only）
Hankyu Hanshin Holdings[9042]
Entertainment
- Revenue
- ¥88.7B▲10.0%
- Operating income
- ¥13.1B▲14.8%
Margin 14.8%
Whole company: Revenue ¥1.2T · Net income ¥78.5B
Avg. salary ¥9.2M · 42.4（parent only）
Sansei Technologies[6357]
Amusement Rides + 1 more
- Revenue
- ¥46.6B▲29.9%
- Operating income
- ¥2.33B▲358.5%
Margin 5.0%
Whole company: Revenue ¥73.1B · Net income ¥5.1B
Avg. salary ¥6.9M · 43.7（parent only）
Keihan Holdings[9045]
Leisure and service
- Revenue
- ¥43.9B▲11.4%
- Operating income
- ¥6.76B▲37.5%
Margin 15.4%
Whole company: Revenue ¥332.5B · Net income ¥33.6B
Avg. salary ¥8.1M · 43.8（parent only）
Tokyotokeiba[9672]
Racing facilities business + 1 more
- Revenue
- ¥33.4B▲3.0%
- Operating income
- ¥12.7B▲8.4%
Margin 37.9%
Whole company: Revenue ¥41.8B · Net income ¥10.5B
Avg. salary ¥7.3M · 37.3（parent only）
Keikyu[9006]
Leisure services
- Revenue
- ¥30.9B▲8.5%
- Operating income
- ¥5.56B▲12.4%
Margin 18.0%
Whole company: Revenue ¥304.2B · Net income ¥27.5B
Avg. salary ¥7.2M · 40.0（parent only）
※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.
Other companies: Fuji Kyuko · Nippon Parking Development · Mie Kotsu Group Holdings · Gokurakuyu Holdings · Keisei Electric Railway · Toei Company · Resol Holdings · Alpico Holdings · Fujita Kanko · Nippon Ski Resort Development · Pasona Group · World Holdings · Shinki Bus · Izu Shaboten Resort · greenland resort · Horai · Sanoyas Holdings · Hokkaido Chuo BUS · FinTech Global · Thermae-Yu Holdings · Morinaga& · Toshin Holdings · Aska · Subaru Enterprise · Wesco Holdings · Keifuku Electric Railroad · Chubu-Nippon Broadcasting · Saibo · Hiroshima Electric Railway · Chichibu Railway · Ukai · Yonex · Kobayashi Yoko · Ikka Holdings · Meito · Orvis · Takachiho · Kitano Construction · Ryobi · Lobtex. …+1
The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).
Industry takeaways
AI summary (figures come from filings)
- Oriental Land, which runs Tokyo Disney Resort, took in ¥568.3B — 27% of the listed total on its own.
- Seibu is a distant second at ¥246.7B, with Mitsui Fudosan, Heiwa's golf courses and Tobu Railway close behind.
- What you operate shapes the margin. Tokyotokeiba, which runs a racecourse, earns 41.0%; hotel-heavy Resorttrust earns 5.1%.
- Heiwa's golf revenue more than doubled, up +129.8%. Oriental Land grew just +2.9%.
Who earns the money
Area = revenue from businesses in this industry. Color = operating margin.
Who makes a profit
Across = revenue (log scale), up = operating margin, bubble size = operating income.
Ranking and momentum
| Rank | Company (business) | Revenue | Share | Op. margin | CAGR | FCF* |
|---|---|---|---|---|---|---|
| 1 | Oriental LandTheme Parks | ¥568.3B | 26.4% | 23.0% | — | ¥97.7B |
| 2 | Seibu HoldingsHotel and Leisure | ¥246.7B | 11.5% | 9.2% | +17.5% | -¥152.7B |
| 3 | Mitsui FudosanFacility Operations | ¥244.1B | 11.3% | 19.0% | — | -¥91.1B |
| 4▲2 | HeiwaGolf Business | ¥230.6B | 10.7% | 19.8% | +28.2% | ¥9.7B |
| 5▼1 | Tobu RailwayLeisure | ¥188.7B | 8.8% | 9.8% | +16.7% | -¥1.94B |
| 6▲1 | Sanrio CompanyJapan | ¥113.6B | 5.3% | 47.4% | +29.7% | ¥46.9B |
| 7▼2 | ResorttrustHotel, restaurants, and others | ¥110.9B | 5.2% | 5.1% | +10.8% | ¥30.5B |
| 8 | Hankyu Hanshin HoldingsEntertainment | ¥88.7B | 4.1% | 14.8% | +9.6% | -¥57.7B |
| 9▲1 | Sansei TechnologiesAmusement Rides + 1 more | ¥46.6B | 2.2% | 5.0% | +32.5% | ¥5.74B |
| 10▼1 | Keihan HoldingsLeisure and service | ¥43.9B | 2.0% | 15.4% | +41.6% | -¥12.4B |
| 11 | TokyotokeibaRacing facilities business + 1 more | ¥33.4B | 1.6% | 37.9% | +7.3% | ¥13.1B |
| 12 | KeikyuLeisure services | ¥30.9B | 1.4% | 18.0% | +10.4% | -¥41.4B |
| 13 | Fuji KyukoLeisure service | ¥25.2B | 1.2% | 9.8% | +8.6% | ¥2.67B |
| 14▲2 | Nippon Parking DevelopmentSkiing + 1 more | ¥18.1B | 0.8% | 19.8% | +19.3% | ¥3.62B |
| 15 | Mie Kotsu Group HoldingsLeisure and service | ¥16.4B | 0.8% | 6.7% | +22.7% | -¥1.01B |
| 16▼2 | Gokurakuyu Holdings | ¥16.2B | 0.8% | 7.6% | +12.8% | -¥661.1M |
| 17 | Keisei Electric RailwayLeisure | ¥13.9B | 0.6% | 10.8% | +19.7% | -¥42.6B |
| 18▲2 | Toei CompanySpecial event related | ¥13B | 0.6% | 12.4% | +28.1% | ¥14.8B |
| 19▼1 | Resol HoldingsGolf operation business + 1 more | ¥12.8B | 0.6% | 10.0% | +21.4% | ¥2.7B |
| 20▼1 | Alpico HoldingsLeisure business | ¥12.7B | 0.6% | 4.9% | +19.6% | ¥1.16B |
| 21 | Fujita KankoResort | ¥11.3B | 0.5% | 8.2% | +31.8% | ¥9.97B |
| 22 | Nippon Ski Resort Development | ¥10.5B | 0.5% | 21.5% | +23.2% | -¥69.5M |
| 23 | Pasona GroupRegional Revitalization Sightseeing solution | ¥6.18B | 0.3% | -30.8% | — | -¥14B |
| 24 | World HoldingsAgricultural park business | ¥5.65B | 0.3% | -0.7% | +13.8% | ¥3.26B |
| 25▲1 | Shinki BusLeisure services | ¥5.02B | 0.2% | -1.6% | +7.6% | -¥1.56B |
| 26▼1 | Izu Shaboten ResortLeisure + 1 more | ¥4.89B | 0.2% | 23.5% | — | ¥986.9M |
| 27 | greenland resortAmusement Park business + 1 more | ¥3.95B | 0.2% | 22.1% | -1.7% | -¥443.6M |
| 28▲1 | HoraiSenbonmatsu bokujo + 1 more | ¥3.65B | 0.2% | 6.1% | +9.7% | -¥129.2M |
| 29▼1 | Sanoyas HoldingsLeisure | ¥3.38B | 0.2% | 16.4% | +7.4% | ¥2.06B |
| 30 | Hokkaido Chuo BUStourism-related business | ¥3.14B | 0.1% | 13.5% | +35.2% | ¥1.68B |
| 31 | FinTech GlobalEntertainment service | ¥2.5B | 0.1% | 1.2% | -11.3% | -¥952.9M |
| 32 | Thermae-Yu HoldingsBathing facilities | ¥2B | 0.1% | 24.7% | +30.6% | ¥355.4M |
| 33 | Morinaga&Real estate and service | ¥1.9B | 0.1% | 46.4% | -0.2% | ¥5.94B |
| 34 | Toshin HoldingsResort enterprise | ¥1.47B | 0.1% | 15.2% | +1.0% | -¥770.3M |
| 35▲1 | AskaMotor sports business | ¥1.41B | 0.1% | 5.5% | +7.5% | ¥1.79B |
| 36▲1 | Subaru EnterpriseLeisure business | ¥1.32B | 0.1% | 5.2% | -10.8% | ¥2.49B |
| 37▼2 | Wesco HoldingsAquarium management administrator | ¥1.25B | 0.1% | 6.9% | +40.0% | ¥1.04B |
| 38 | Keifuku Electric RailroadLeisure and service | ¥1.21B | 0.1% | 15.5% | +1.3% | ¥924M |
| 39▲1 | Chubu-Nippon BroadcastingOther | ¥975M | 0.0% | 13.9% | -0.4% | ¥2.29B |
| 40▲1 | SaiboGolf driving range | ¥933.8M | 0.0% | 1.3% | -1.9% | ¥889.8M |
| 41▲1 | Hiroshima Electric RailwayLeisure and service | ¥864M | 0.0% | -3.0% | +1.8% | -¥4.09B |
| 42▲3 | Chichibu Railwaytourism | ¥593.8M | 0.0% | 17.9% | +12.8% | -¥471.6M |
| 43▼4 | UkaiCulture division | ¥552.5M | 0.0% | 2.7% | -7.2% | -¥316.9M |
| 44▼1 | YonexSports facilities division | ¥552M | 0.0% | -4.0% | +4.2% | -¥342M |
| 45▼1 | Kobayashi YokoSport facility offer business | ¥483.2M | 0.0% | 6.7% | +1.8% | ¥403.1M |
| 46▲6 | Ikka HoldingsLeisure | ¥466.7M | 0.0% | -34.9% | — | ¥132.6M |
| 47▲1 | MeitoReal estate | ¥393M | 0.0% | 50.4% | +8.3% | -¥12.2B |
| 48▼2 | OrvisLife Create | ¥382.4M | 0.0% | 13.0% | — | ¥587.4M |
| 49▼2 | TakachihoPublic bath business | ¥331.5M | 0.0% | 13.4% | +8.6% | ¥489.7M |
| 50 | Kitano ConstructionGolf course Business | ¥265M | 0.0% | 3.0% | +3.2% | -¥5.44B |
Showing the top 50. See all 53 in the list below
* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.
How they make money differently
Where each company's ¥100 of sales goes, and how much it keeps (company-wide).
- Cost of sales
- Operating costs
- SG&A
- Operating profit
- Sanrio Company233740
- Tokyotokeiba5837
- Oriental Land611524
- Nippon Ski Resort Development552322
- Nippon Parking Development601921
- Toei Company572419
- Heiwa671617
- Fujita Kanko7817
- Fuji Kyuko8416
- Mitsui Fudosan8515
- Keihan Holdings8515
- Tobu Railway8911
- Resorttrust226711
- Hankyu Hanshin Holdings8911
- Keikyu8911
- Resol Holdings296011
- Keisei Electric Railway9010
- Seibu Holdings919
- Sansei Technologies70219
- Mie Kotsu Group Holdings919
- Gokurakuyu Holdings8398
- Shinki Bus75178
- Alpico Holdings96
- World Holdings8412
- Pasona Group7822
Showing the 25 largest companies by revenue.
Ownership links
From the major-shareholder section of annual securities reports.
- Nippon Parking DevelopmentIn industry
- SubsidiaryNippon Ski Resort Development68.6%
- StakeSanoyas Holdings13.3%
- StakeKeifuku Electric Railroad9.5%
- Stakegreenland resort4.5%
- StakeHorai3.3%
- 東宝株式会社Outside
- SubsidiarySubaru Enterprise52.7%
- Keihan HoldingsIn industry
- AffiliateKeifuku Electric Railroad43.2%
- 太平洋セメント株式会社Outside
- AffiliateChichibu Railway33.5%
- ＤＯＷＡホールディングス㈱Outside
- AffiliateFujita Kanko31.8%
- Mitsui FudosanIn industry
- AffiliateResol Holdings31.0%
- StakeOriental Land5.8%
- コナミグループ株式会社Outside
- AffiliateResol Holdings20.4%
- Keisei Electric RailwayIn industry
- AffiliateOriental Landcross-held20.0%
- 株式会社テレビ朝日ホールディングスOutside
- StakeToei Company19.4%
- 西部ガスホールディングス株式会社Outside
- Stakegreenland resort14.6%
- 近鉄グループホールディングス株式会社Outside
- StakeMie Kotsu Group Holdings14.1%
- 京王電鉄株式会社Outside
- StakeUkai13.7%
- ニチアス㈱Outside
- StakeAska13.6%
- サンリン株式会社Outside
- StakeAlpico Holdings9.2%
- 丸一鋼管株式会社Outside
- StakeSansei Technologies9.2%
- キッコーマン株式会社Outside
- StakeUkai8.9%
- 株式会社バンダイナムコホールディングスOutside
- StakeToei Company8.0%
- StakeSanrio Company4.6%
- 日産証券グループ株式会社Outside
- StakeKobayashi Yoko5.9%
- キッセイ薬品工業株式会社Outside
- StakeAlpico Holdings5.8%
- 株式会社ＮＦＫホールディングスOutside
- StakeThermae-Yu Holdings5.8%
- 株式会社北洋銀行Outside
- StakeHokkaido Chuo BUS5.0%
- 東急株式会社Outside
- StakeToei Company4.6%
- 京阪神ビルディング株式会社Outside
- StakeSansei Technologies4.5%
- 株式会社八十二長野銀行Outside
- StakeKitano Construction4.5%
- StakeTakachiho4.4%
- StakeAlpico Holdings4.3%
The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted. Showing up to 24 shareholder cards.
Compare the leaders side by side
All companies in Theme Parks & Leisure Facilities (by revenue)
All 53 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.
- Oriental Land¥568.3B · 23.0%
- Seibu Holdings¥246.7B · 9.2%
- Mitsui Fudosan¥244.1B · 19.0%
- Heiwa¥230.6B · 19.8%
- Tobu Railway¥188.7B · 9.8%
- Sanrio Company¥113.6B · 47.4%
- Resorttrust¥110.9B · 5.1%
- Hankyu Hanshin Holdings¥88.7B · 14.8%
- Sansei Technologies¥46.6B · 5.0%
- Keihan Holdings¥43.9B · 15.4%
- Tokyotokeiba¥33.4B · 37.9%
- Keikyu¥30.9B · 18.0%
- Fuji Kyuko¥25.2B · 9.8%
- Nippon Parking Development¥18.1B · 19.8%
- Mie Kotsu Group Holdings¥16.4B · 6.7%
- Gokurakuyu Holdings¥16.2B · 7.6%
- Keisei Electric Railway¥13.9B · 10.8%
- Toei Company¥13B · 12.4%
- Resol Holdings¥12.8B · 10.0%
- Alpico Holdings¥12.7B · 4.9%
- Fujita Kanko¥11.3B · 8.2%
- Nippon Ski Resort Development¥10.5B · 21.5%
- Pasona Group¥7.36B · -20.3%
- World Holdings¥5.65B · -0.7%
- Shinki Bus¥5.02B · -1.6%
- Izu Shaboten Resort¥4.89B · 23.5%
- greenland resort¥3.95B · 22.1%
- Horai¥3.65B · 6.1%
- Sanoyas Holdings¥3.38B · 16.4%
- Hokkaido Chuo BUS¥3.14B · 13.5%
- FinTech Global¥2.5B · 1.2%
- Thermae-Yu Holdings¥2B · 24.7%
- Morinaga&¥1.9B · 46.4%
- Toshin Holdings¥1.53B · 14.1%
- Aska¥1.41B · 5.5%
- Subaru Enterprise¥1.32B · 5.2%
- Wesco Holdings¥1.25B · 6.9%
- Keifuku Electric Railroad¥1.21B · 15.5%
- Chubu-Nippon Broadcasting¥975M · 13.9%
- Saibo¥933.8M · 1.3%
- Hiroshima Electric Railway¥864M · -3.0%
- Chichibu Railway¥593.8M · 17.9%
- Ukai¥552.5M · 2.7%
- Yonex¥552M · -4.0%
- Kobayashi Yoko¥483.2M · 6.7%
- Ikka Holdings¥466.7M · -34.9%
- Meito¥393M · 50.4%
- Orvis¥382.4M · 13.0%
- Takachiho¥331.5M · 13.4%
- Kitano Construction¥265M · 3.0%
- Ryobi¥260M · -12.3%
- Lobtex.¥243.9M · 47.0%
- Seki¥3.4M · -512.0%
Revenue · Op. margin
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