Expansion Planned for Tokyo Disneyland, Tokyo DisneySea

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This will be the fourth Toy Story Land at Disney theme parks around the world when it opens in summer 2018.

Almost 35 years ago, Disney expanded its global reach with Tokyo Disneyland, later adding Tokyo DisneySea in 2001 as a second theme park in Japan.

The expansion, projected to start in 2025, would also be geared to alleviating the serious issue of overcrowding, according to the paper. The report cited growing leisure spending among young consumers and noted visitor growth, higher ticket prices and the Tokyo Disney resort maintaining its 40 percent share of the domestic theme park market. The Hotels segment manages Tokyo Disneyland Hotel, Disney Ambassador Hotel, Tokyo DisneySea Hotel MiraCosta, and Palm & Fountain Terrace Hotel.

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Executives from Oriental Land and the Walt Disney Co. have reportedly entered negotiations regarding the new areas of the existing parks.

Part of the plan to free up space is building a multilevel parking garage that would hold 4,000 vehicles to replace a large parking lot next to the Tokyo Disneyland site, located just northeast of the Japanese capital. That plan was later shelved.

One of the ideas being floated was to create themed Japanese areas to attract more worldwide visitors, the newspaper reported, quoting an anonymous source.

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Although this new park is still several years away from fruition, Disney watchers will likely keep a close eye on it because any new rides that are built for this resort may eventually come to Walt Disney World or Disneyland.

The company will also consider adding an attraction to the expansion based on the Disney animated film "Frozen", the Nikkei said. Disney will license the rights to properties like Mickey Mouse and Star Wars as the companies hammer out details.

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