PARK24 Co., Ltd. 4666.T

EDINET filings · Reporting currency JPY · Half-year reporting · Figures as of 2026-H1 · events through 2026-08-31 · updated 2026-09-04 · ISIN JP3780100008

Net income doubled strategy: Strategic pivot

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Business Model#

What the company does and how it earns its money; written AI-editorially, exclusively from the company's original reports, without any assessment of our own.

Park24 CO., LTD. operates coin-operated and contract parking facilities in Japan primarily under the Times Parking brand, earning revenue from time-based parking fees and fixed monthly contract fees across a large urban network. The company also provides carsharing services under the Times Car brand on a membership and pay-per-use basis, constituting its mobility business segment. Internationally, Park24 operates parking businesses in Australia and the United Kingdom under local branding, following the divestiture of the Singapore operation completed in the 2026-Q3 reporting period. Capital is deployed into new parking facility development, carsharing fleet expansion, and digital infrastructure including cashless payment systems, reflecting a dual focus on parking operations and mobility services.

Current Status#

Summary of the most recent reporting period: core figures, drivers and management statements; written editorially from the current original report, every figure backed by a source number.

Park24 reported 2026-Q3 revenue of 101,774 million yen and operating income of 11,651 million yen, with net income of 6,697 million yen and diluted EPS of 36.19 yen ¹¹². A deferred tax income benefit recorded in the period caused parent-attributable quarterly net income to significantly exceed the prior-year comparable ¹². The company completed the divestiture of its Singapore parking operations and executed a structural restructuring of its UK portfolio during the quarter ¹². Times Car carsharing membership reached 4,057 thousand with a dedicated fleet of 69,733 vehicles as of period-end ¹².

Revenue · 2026-H1202,275¥m+4.6 % vs. 2025-H1

Net profit · 2026-H129,657¥m+495.4 % vs. 2025-H1

EPS · 2026-H1160.25¥+500.6 % vs. 2025-H1

Revenue trend

Guidance

For FY2026, the company guides Revenue to 411,000 (confirmed); EBIT to 42,500 (confirmed); Ordinary Income to 39,500 (confirmed). ¹².

Profitability

Operating income was 11,651 million yen on revenue of 101,774 million yen for 2026-Q3, with diluted EPS of 36.19 yen ¹¹². Net income was 6,697 million yen; a deferred tax income benefit recorded during the period contributed to parent-attributable quarterly net income substantially exceeding the prior-year period ¹². The deferred tax benefit was cited as the primary factor behind the year-on-year improvement in reported net income for the quarter ¹².

Leverage

Net debt stood at 140,697 million yen at the end of 2026-Q3, with a cash position of 31,465 million yen ¹¹². Operating cash flow of 10,193 million yen fell short of capital expenditure of 14,981 million yen, producing free cash flow of -4,788 million yen and indicating continued reliance on debt financing to fund investment activity ¹¹². No LTM EBITDA figure is available in the disclosed inputs to derive a net-debt-to-EBITDA ratio, limiting leverage ratio analysis.

Recurring

The Times Car carsharing service operates on a membership and pay-per-use model, with membership reaching 4,057 thousand as of 2026-Q3 period-end, a 12.2% increase over the prior period-end ¹². The dedicated carsharing fleet stood at 69,733 vehicles, up 9.2% over the prior period-end, supporting ongoing mobility service revenue generation ¹². The domestic parking segment also encompasses monthly contract arrangements alongside time-based usage fees, providing a recurring fixed-fee revenue component within that segment.

Management view

Park24 developed 1,291 new domestic parking facilities as cashless-payment-only sites during 2026-Q3, extending cashless payment infrastructure across its domestic parking network ¹². The growth trajectory of the Times Car carsharing service, with both fleet and membership expanding at double-digit rates versus the prior period-end, reflects continued investment in the mobility business as a strategic priority ¹². These investments in cashless infrastructure and carsharing capacity position the company's dual-segment model for longer-term scale within its domestic and remaining international markets.

Change

Overseas parking operations recorded an impairment loss of 2,486 million yen during 2026-Q3, and goodwill impairment was recognized in connection with Park24 International Limited and Park24 Australia Pty Ltd ¹⁰. The charges reflect deterioration in the business environment of the international parking operations as noted in company risk disclosures ¹⁰. These non-recurring write-downs reduced the earnings contribution from the international segment for the quarter ¹⁰.

Risks (current)

Company-specific risks include execution risk against the medium-term management plan and long-term vision targets, ongoing constraints on deferred tax asset recognition due to a valuation allowance applied against 18,072 million yen in tax loss carryforwards, and the potential for further deterioration in the international parking segment following impairment already recognized in the period ¹⁰. Overseas parking operations including Australia carry foreign exchange exposure that affects yen-denominated reported results, and multi-country operations create legal and regulatory change risk in each operating jurisdiction ¹². Additional non-company-specific risk factors include customer concentration in the domestic parking business and evolving parking and mobility regulations across the markets in which the company operates ¹².

New this reporting period

The Singapore parking operation was divested and removed from the consolidated group during the quarter, completing the exit from that market ¹². The UK parking portfolio underwent a structural restructuring, transitioning from large, long-term lease-format facilities toward smaller, shorter-term Times Parking-format sites as a completed portfolio optimization measure ¹².

Price & Chart#

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Share-Price Drivers#

Factors the company itself names as material for its business development (IR-based); reproduced neutrally, no price forecast and no assessment of our own.

Operating-profit expansion across the domestic parking and mobility segments alongside an overseas portfolio restructuring
Q3 2026 operating income rose to ¥11,651m from ¥9,134m a year earlier and net income to ¥6,697m from ¥4,975m on broadly flat revenue, signalling margin improvement, while the overseas parking business was being reshaped (UK exit, Singapore sale, consolidation into Times24) (¹¹², ¹¹, ¹²)

Domestic parking business (Times Parking)
Largest revenue segment at ¥105,150m for 2026-H1, the core of the group's top line (¹¹)

Mobility business (Times Car / car-sharing)
¥66,688m of 2026-H1 revenue, supported by member-programme improvements and a 2024-02 distance-fee/coverage revision, plus prior large-scale corporate promotion (¹¹, ⁸, ⁵)

Overseas parking restructuring
¥33,894m 2026-H1 revenue, with UK NCP restructuring via insolvency/rehabilitation and liquidation, Singapore business fully divested, and the overseas unit split off into Times24 (¹¹, ¹², ¹⁰)

Group profitability / margin
Change flags show accelerating growth and improving profitability with guidance confirmed; Q3 2026 diluted EPS of ¥36.19 versus ¥26.65 a year earlier (¹¹²)

Leverage from acquisitions and borrowing
Net debt climbed to ¥140,697m at Q3 2026 from ¥92,495m at Q4 2025, following additional acquisition of MEIF II CP Holdings / CP2 stakes and a ¥35bn loan drawdown; free cash flow was negative ¥4,788m as capex reached ¥14,981m (¹¹², ¹⁰)

Sector trend: Group KPIs point to improving margins and rising demand, with operating income and EPS advancing year over year on broadly stable revenue as domestic parking utilisation and mobility membership hold up (¹¹²). Capital intensity remains high, with elevated capex and increased leverage tied to overseas portfolio moves (¹¹², ¹⁰).

Event Timeline#

This timeline collects the material events from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements. Events are grouped by quarter (most recent first); the grey tag before each event names the event type, the date is the publication date of the source. Management quotes open the quarter block as direct quotes. Per quarter we show the three most defining events; more can be expanded per quarter, older years are collapsed. Every event carries its source as a superscript, clickable number.

Overview: one dot per event · click jumps to the period

2026 · 10 events

2026-H1 · Nov 2025 – Apr 2026

earnings 2026-06-15
H1 net income +495.3% to 29,657M yen; base effect: approximately 31.0B yen deferred tax benefit from UK restructuring special items, not operational improvement ¹¹

revenue 2026-06-15
H1 revenue +4.6% YoY to 202,275M yen; operating income +9.6% to 17,295M yen on steady domestic parking utilization ¹¹

Strategic pivot 2026-06-15
UK parking operations restructured from large long-term lease contracts to small-format short-term lease TimesParking model; Singapore operations sold ¹¹

Net income doubled 2026-06-15
Net income more than doubled YoY (4,981.0 to 29,657.0 JPYm, +495%). ¹¹

2026-Q3 · May – Jul 2026

Net income turned positive ◦ 2026-08-31
Q3 cumulative net income significantly above prior year; base effect: approximately 31.8B yen deferred tax benefit from UK restructuring (non-operational) ¹²

Revenue accelerating ◦ 2026-08-31
TimesCAR fleet reached 69,733 vehicles (+109.2% vs prior year-end) and 4,057K members (+112.2%) ¹²

Divestiture 2026-08-31
Singapore parking business sold and excluded from consolidation scope ¹²

2026-Q1 · Nov 2025 – Jan 2026

Revenue accelerating ◦ 2026-01-28
FY2025 revenue JPY 406,168M (+9.5% from JPY 370,913M); Times Parking net new locations 1,784, Times Car fleet +12,829 vehicles; overseas parking broadly on track with partial regional underperformance ¹⁰

Guidance initiated 2026-01-28
FY2027 medium-term plan final-year numerical targets published: revenue JPY 474.0B, operating income JPY 44.5B ¹⁰

Divestiture 2026-01-28
Overseas parking business transferred to Times24 Co., Ltd. via corporate split effective 2025-11-01; additional acquisition of CP2 completed full consolidation of overseas operations into Times24 ¹⁰

2025 · 6 events

2025-H1 · Nov 2024 – Apr 2025

earnings 2025-07-15
H1 net income -44.7% to JPY 4,981M; JPY 3,329M special loss from termination of NATIONAL CAR PARKS LIMITED pension plan weighed on all profit stages ⁹

revenue 2025-07-15
H1 revenue +10.0% to JPY 193,394M; domestic parking (Times Parking) +9.3%, Mobility segment +14.8%, overseas parking +6.1% ⁹

Strategic pivot 2025-07-15
Three-year medium-term management plan (FY2025-FY2027) published targeting evolution into Mobility Services Platform ⁹

2025-Q1 · Nov 2024 – Jan 2025

Operating income turned positive ◦ 2025-01-30
Operating income +21.0% to ¥38,697M; net income grew only +6.2% to ¥18,625M, held back by UK contract-related intangible impairment of ¥1,978M and Australia deferred tax asset write-off of ¥1,573M – excluding these items, underlying earnings grew faster ⁸

Revenue accelerating ◦ 2025-01-30
Full-year revenue +12.4% to ¥370,913M; Parking Business (Overseas) +18.6% to ¥82,411M, Mobility Business +14.0% to ¥112,058M, Parking Business (Domestic) +8.6% to ¥182,302M ⁸

Guidance initiated 2025-01-30
Three-year medium-term management plan announced December 2024 targeting FY2027 revenue ¥474.0B, operating income ¥44.5B, and net income ¥28.0B ⁸

2024 · 7 events

2024-Q2 · Feb – Apr 2024

Net income turned positive ◦ 2024-06-14
H1 cumulative ordinary profit +30.5% to ¥14,998M; net income +12.9% to ¥9,009M ⁷

Revenue accelerating ◦ 2024-06-14
H1 cumulative revenue +12.0% YoY to ¥175,875M; Mobility Business H1 revenue +14.8% to ¥52,022M with fleet +4,316 vehicles and members reaching 2,693k ⁷

2024-Q1 · Nov 2023 – Jan 2024

Operating income turned positive ◦ 2024-03-14
Ordinary profit +100.3% YoY to ¥7,975M in Q1 ⁶

Revenue accelerating ◦ 2024-03-14
Revenue +9.8% YoY to ¥86,731M; Parking Business (Domestic) revenue +6.2% (269 new properties) and Mobility Business revenue +13.9% with members +5.8% to 2,564k ⁶

Net income turned positive ◦ 2024-01-26
Full-year net income +608.3% to JPY 17,542M from JPY 2,476M in the prior year; ROE improved to 35.7% from 8.8% ⁵

Revenue accelerating ◦ 2024-01-26
Full-year revenue +13.7% to JPY 330,123M from JPY 290,253M in the prior year ⁵

Net debt to net cash 2024-01-26
Company ended fiscal year in net cash of JPY 1,941M; OCF grew 64% to JPY 48,188M, supported by CB refinancing executed in Feb 2023 ⁵

2023 · 12 events

2023-H2 · May – Oct 2023

Net income doubled 2024-01-26
Net income more than doubled YoY (3,106.0 to 9,563.0 JPYm, +208%). ⁵

2023-H1 · Nov 2022 – Apr 2023

Operating income doubled 2023-06-14
Operating income more than doubled YoY (5,556.0 to 15,097.0 JPYm, +172%). ³

Cash flow inflection 2023-06-14
Operating cash flow reached 24,353.0 JPYm vs 4,985.0 JPYm in 2022-H1 (×4.9). ³

2023-Q3 · May – Jul 2023

Net income turned positive ◦ 2023-09-14
9-month cumulative net income +561.2% YoY to JPY 15,293M; operating income +103.9% YoY to JPY 24,390M ⁴

Strategic pivot 2023-09-14
Times Car large-scale mass-media promotion launched May 2023; members grew to 2,289,963 (+12.2% from prior fiscal year-end) ⁴

Acquisition 2023-09-14
NCP (UK parking business) shareholder agreement amended: put option exercise window set Nov 2025 - Feb 2026, estimated acquisition price approx. JPY 30,000M ⁴

2023-Q2 · Feb – Apr 2023

Net income turned positive ◦ 2023-06-14
Q2 net income swung from prior-year loss of JPY 630M to profit of JPY 7,979M ³

Operating income turned positive ◦ 2023-06-14
Mobility segment H1 operating income swung from prior-year loss of JPY 98M to profit of JPY 5,685M, driven by member and utilization growth ³

Revenue accelerating ◦ 2023-06-14
H1 cumulative revenue +15.6% YoY to JPY 157,078M ³

2023-Q1 · Nov 2022 – Jan 2023

Operating income turned positive ◦ 2023-03-15
Q1 revenue +13.0% YoY to JPY 79,022M; operating income +80.9% YoY to JPY 8,416M ²

Net income turned positive ◦ 2023-03-15
Q1 net income +564.3% YoY to JPY 3,148M ²

Net debt to net cash 2023-03-15
JPY 35,000M euro-yen convertible bonds (2028 maturity) issued Feb 2023; JPY 27,413M of 2025-maturity convertible bonds repurchased Feb 2023, initiating net debt reduction ²

Key Figures (¥m)#

The company's core financial figures in three views, one below the other: fiscal years (as reported; after restatements the table shows the most recent filing version, marked), half-years (6-month basis, H2 = second half on its own) and quarters (3-month basis, not cumulative). Each row is one period, most recent first. Values with a dotted underline are clickable and show the raw value, the exact source location, the scale evidence and the source; derived values additionally show their formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.

All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.

Basis Metric

Revenue (¥m) · annual basis, as reported

Net income (¥m) · annual basis, as reported

EPS (¥) · annual basis, as reported

Operating cash flow (¥m) · annual basis, as reported

Revenue (¥m) · half-year basis, as reported

Net income (¥m) · half-year basis, as reported

EPS (¥) · half-year basis, as reported

Operating cash flow (¥m) · half-year basis, as reported

Revenue (¥m) · quarterly basis, as reported

Net income (¥m) · quarterly basis, as reported

EPS (¥) · quarterly basis, as reported

Operating cash flow (¥m) · quarterly basis, as reported

Cash (¥m) · annual basis, as reported

Debt (¥m) · annual basis, as reported

Net Debt (¥m) · annual basis, as reported

Capex (¥m) · annual basis, as reported

FCF (¥m) · annual basis, as reported

D&A (¥m) · annual basis, as reported

Cash (¥m) · half-year basis, as reported

Debt (¥m) · half-year basis, as reported

Net Debt (¥m) · half-year basis, as reported

Capex (¥m) · half-year basis, as reported

FCF (¥m) · half-year basis, as reported

D&A (¥m) · half-year basis, as reported

Cash (¥m) · quarterly basis, as reported

Debt (¥m) · quarterly basis, as reported

Net Debt (¥m) · quarterly basis, as reported

Capex (¥m) · quarterly basis, as reported

FCF (¥m) · quarterly basis, as reported

D&A (¥m) · quarterly basis, as reported

Shown: the most recent fiscal years. Full history since FY2022 is on record.

Fiscal years

Amounts in ¥m · EPS in ¥ per share · as reported

Period	Calendar quarter	Revenue	Op. income	Net income	EPS (¥)	OCF	Source
FY2025	Q4/2024–Q4/2025	406,168	37,561	15,917	85.29	62,880	¹⁰
FY2024	Q4/2023–Q4/2024	370,913	38,697	18,625	99.81	54,176	⁸
FY2023	Q4/2022–Q4/2023	330,123	31,986	17,542	93.89	48,188	⁵

Half-years

Amounts in ¥m · EPS in ¥ per share · as reported

Period	Calendar quarter	Published	Revenue	Op. income	Net income	EPS (¥)	FCF	Cash	Net Debt	Source
2026-H1*	Q4/2025–Q2/2026	2026-06-15	202,275	17,295	29,657	160.25	1,880	30,388	134,362	¹¹¹
2025-H2*	Q2–Q4/2025	2026-01-28	212,774	21,781	10,936	58.60*	8,069	80,150	92,495	¹⁰
2025-H1*	Q4/2024–Q2/2025	2025-07-15	193,394	15,780	4,981	26.68	14,220	49,779	93,157	¹⁰⁹
2024-H2*	Q2–Q4/2024	2025-01-30	195,038	22,043	9,616	51.53*	7,360	48,041	95,942	⁸
2024-H1*	Q4/2023–Q2/2024	2024-06-14	175,875	16,654	9,009	48.29	18,103	67,425	95,218	¹⁰⁷
2023-H2*	Q2–Q4/2023	2024-01-26	173,045	16,889	9,563	51.18*	9,632	73,299	97,425	⁵
2023-H1*	Q4/2022–Q2/2023	2023-06-14	157,078	15,097	7,979	42.56	15,457	84,805	12,028	³

Quarters

Amounts in ¥m · EPS in ¥ per share · as reported

Period	Calendar quarter	Published	Revenue	Op. income	Net income	EPS (¥)	FCF	Cash	Net Debt	Source
2026-Q3*	Q2–Q3/2026	2026-08-31	101,774	11,651	6,697	36.19*	-4,788	31,465	140,697	¹¹²
2025-Q4*	Q3–Q4/2025	2026-01-28	110,253	12,647	5,961	31.94*	9,953	80,150	92,495	¹⁰
2025-Q3*	Q2–Q3/2025	2026-08-31	102,521	9,134	4,975	26.65*	-1,884	43,297	–	¹¹²
2024-Q2*	Q1–Q2/2024	2024-06-14	89,144	8,032	3,923	21.03*	15,900	67,425	95,218	¹⁰⁷
2024-Q1*	Q4/2023–Q1/2024	2024-03-14	86,731	8,622	5,086	27.26	2,203	70,179	101,527	¹⁰⁶
2023-Q4*	Q3–Q4/2023	2024-01-26	88,619	7,596	2,249	12.04*	9,553	73,299	97,425	⁵
2023-Q3*	Q2–Q3/2023	2023-09-14	84,426	9,293	7,314	39.01*	79	63,864	7,638	⁴
2023-Q2*	Q1–Q2/2023	2023-06-14	78,056	6,681	4,831	25.77*	13,595	84,805	12,028	³
2023-Q1*	Q4/2022–Q1/2023	2023-03-15	79,022	8,416	3,148	17.52	1,862	83,487	28,589	²

Japan abolished mandatory quarterly reports in 2024. Quarters appear as reported; half-year and annual balance-sheet dates fill the Q2 and Q4 columns. The continuous series is shown in the half-year table.

* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.

Columns not reported in this reporting cadence are hidden: Op. income (adj.), EBITDA (adj.), EPS adj., Net Debt/EBITDA (not reported in any source for these periods).

Balance Sheet & Cash Flow (¥m)#

Point-in-time balance sheet items (e.g. cash, financial debt) and cash flow items (operating cash flow, investments/capex) per fiscal year, half-year and quarter. Balance sheet values are as of the period end, flow items cover the period. Derived values are marked and are calculated, for example, as: net debt = financial debt − cash; free cash flow = operating cash flow − capex; the click popover shows formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.

Fiscal years

Amounts in ¥m · as reported

Period	Calendar quarter	Published	Cash	Debt	Net Debt	D&A	OCF	Capex	FCF	Source
FY2025	Q4/2024–Q4/2025	2026-01-28	80,150	172,645	92,495	35,383	62,880	40,591	22,289	¹⁰
FY2024	Q4/2023–Q4/2024	2025-01-30	48,041	143,983	95,942	33,798	54,176	28,713	25,463	⁸
FY2023	Q4/2022–Q4/2023	2024-01-26	73,299	170,724	97,425	30,211	48,188	23,099	25,089	⁵

Half-years

Amounts in ¥m · as reported

Period	Calendar quarter	Published	Cash	Debt	Net Debt	D&A	OCF	Capex	FCF	Source
2026-H1	Q4/2025–Q2/2026	2026-06-15	30,388	164,750	134,362	18,752	29,368	27,488	1,880	¹¹¹
2025-H2	Q2–Q4/2025	2026-01-28	80,150	172,645	92,495	18,147	34,084	26,015	8,069	¹⁰
2025-H1	Q4/2024–Q2/2025	2025-07-15	49,779	142,936	93,157	17,236	28,796	14,576	14,220	¹⁰⁹
2024-H2	Q2–Q4/2024	2025-01-30	48,041	143,983	95,942	17,771	25,709	18,349	7,360	⁸
2024-H1	Q4/2023–Q2/2024	2024-06-14	67,425	162,643	95,218	16,027	28,467	10,364	18,103	¹⁰⁷
2023-H2	Q2–Q4/2023	2024-01-26	73,299	170,724	97,425	15,331	23,835	14,203	9,632	⁵
2023-H1	Q4/2022–Q2/2023	2023-06-14	84,805	–	12,028	14,880	24,353	8,896	15,457	³

Quarters

Amounts in ¥m · as reported

Period	Calendar quarter	Published	Cash	Debt	Net Debt	D&A	OCF	Capex	FCF	Source
2026-Q3	Q2–Q3/2026	2026-08-31	31,465	172,162	140,697	9,806	10,193	14,981	-4,788	¹¹²
2026-Q2	Q1–Q2/2026	2026-06-15	30,388	164,750	134,362	–	–	–	–	¹¹¹
2025-Q4	Q3–Q4/2025	2026-01-28	80,150	172,645	92,495	9,310	26,086	16,133	9,953	¹⁰
2025-Q3	Q2–Q3/2025	2026-08-31	43,297	–	–	8,837	7,998	9,882	-1,884	¹¹²
2025-Q2	Q1–Q2/2025	2025-07-15	49,779	142,936	93,157	–	–	–	–	¹⁰⁹
2024-Q4	Q3–Q4/2024	2025-01-30	48,041	143,983	95,942	–	–	–	–	⁸
2024-Q2	Q1–Q2/2024	2024-06-14	67,425	162,643	95,218	8,374	22,137	6,237	15,900	¹⁰⁷
2024-Q1	Q4/2023–Q1/2024	2024-03-14	70,179	171,706	101,527	7,653	6,330	4,127	2,203	¹⁰⁶
2023-Q4	Q3–Q4/2023	2024-01-26	73,299	170,724	97,425	7,700	16,491	6,938	9,553	⁵
2023-Q3	Q2–Q3/2023	2023-09-14	63,864	–	7,638	7,631	7,344	7,265	79	⁴
2023-Q2	Q1–Q2/2023	2023-06-14	84,805	–	12,028	7,363	19,808	6,213	13,595	³
2023-Q1	Q4/2022–Q1/2023	2023-03-15	83,487	–	28,589	7,517	4,545	2,683	1,862	²

Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.

Revenue by Type (as of 2026-H1 · JPYm · 3/3)#

Revenue split by segment or product type, exactly as the company itself reports it. The basis is stated next to each value (3, 6 or 12 months); segment totals can deviate from group revenue (reconciliation/consolidation items). If the company changes its segment structure, older structures are kept in the expandable part. Rows in grey are no longer reported separately by the company; they show the last available figures and are never extrapolated.

Segment	Since	Period	Basis	Revenue	Source
Parking Business (Domestic)	2023-Q1	2026-H1	6M	105,150	¹¹
Mobility Business	2023-Q1	2026-H1	6M	66,688	¹¹
Parking Business (Overseas)	2023-Q1	2026-H1	6M	33,894	¹¹

M&A (16)#

All recorded acquisitions (purchases) and divestitures/exits with date, short description and source; deliberately including smaller transactions that summaries often miss. Purchase prices appear only where the company itself has disclosed them. Rows in grey are cancelled transactions; the cancellation date is shown in the row.

Acquisitions · 9Divestitures/exits · 2older: 5 (in the table)

Acquisitions

Transaction / stake	Date	Type	Source
Company split of Overseas Parking Business	2026	Completed	¹¹
Restructuring of UK parking business	2026	Completed	¹²
Additional acquisition of CP2 shares	2025-12	Completed	¹⁰
Company split transferring Overseas Parking Business to Times24 Co., Ltd.	2025-11	Completed	¹⁰
Absorption-type split of Overseas Parking Business into Times24	2025-11	Completed	¹⁰
Additional acquisition of MEIF II CP Holdings 2 Limited shares (2×)	2025-11	Completed	¹¹
Execution of ¥35 billion borrowing	2025-11	Completed	¹⁰
Issuance of bonds with share subscription rights	2023-02	Completed	⁵
Issuance of callable euro yen-denominated convertible bonds with share subscription rights maturing in 2028	2023-02	Completed	³
New Share Issuance	2022-04	Completed	⁵
Subordinated Syndicated Loan (syndicated loan with subordination clause)	2020-12	Completed	⁵
UK Parking Business (NCP) Grouping (consolidation of UK parking operations under NCP)	2017-07	Completed	⁵
UK Business Restructuring (NATIONAL CAR PARKS LIMITED insolvency, reorganization and liquidation proceedings) (NCP insolvency, reorganization and liquidation)	2017-07	Completed	¹¹
Oceania and Europe Expansion (M&A) (acquisitions in Oceania and Europe)	2017	Completed	⁵

Divestitures / exits

Transaction / stake	Date	Type	Source
Sale of All Shares in Singapore Business (TIMES24 SINGAPORE PTE. LTD.)	2026	Divested	¹¹
Sale of Singapore Business	2026	Divested	¹²

Reported KPIs (as disclosed) (3)#

Figures the company discloses itself in addition to the standard financials; order intake, recurring revenue, user or unit counts, adjusted measures. These “story KPIs” usually slip through standard databases; here they are collected as reported, with no calculation of our own. Important: the definition comes from the company itself and can differ from firm to firm; period and source are stated next to every value.

Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.

Date	Period	KPI	Value / change	Source
2026-01-28	FY2025	ROIC	10.2	¹⁰
2025-01-30	FY2024	ROIC	11.3	⁸
2023-09-14	2023-Q3	equity ratio	18.6	⁴

Guidance Tracking (latest per metric/period · 4/4)#

All management forecasts (guidance) and their later outcome. Types: fiscal-year targets as well as quarterly/half-year targets; per metric and period the most recent statement applies, older versions can be expanded. The status is checked automatically against the actuals reported later: open (period still running), met, beaten, missed. For ranges (“X to Y”) reaching the range counts. Logged neutrally, no estimate of our own, no assessment.

For period	Guided on	Metric	Guided	Verdict	Direction	Source
FY2026	2026-08-31	Revenue	411,000	pending	confirmed	¹²
FY2026	2026-08-31	EBIT	42,500	pending	confirmed	¹²
FY2026	2026-08-31	Ordinary Income	39,500	pending	confirmed	¹²
FY2026	2026-08-31	Net Income Attributable to Owners of the Parent	44,000	pending	confirmed	¹²

Development#

A condensed summary per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. Most recent period first, grouped by year; each text is written from the original report of that period, superscript numbers lead to the source.

FY2026

In the first half of FY2026 (December 2025–May 2026), Park24 reported revenue of 202,275 million yen, up 4.6% year-on-year, and operating income of 17,295 million yen, up 9.6%, supported by steady domestic parking utilization and continued cashless facility expansion ¹¹. Net income attributable to parent shareholders rose 495.3% to 29,657 million yen in H1, driven by a deferred tax benefit of approximately 31.0 billion yen recognized in connection with the UK operations restructuring – not from underlying operational improvement ¹¹. In the standalone third quarter, revenue reached 101,774 million yen and operating income 11,651 million yen, while free cash flow was -4,788 million yen as capital expenditure of 14,981 million yen exceeded operating cash flow of 10,193 million yen ¹¹². The UK parking portfolio was restructured from large, long-term lease contracts to a small-format, short-term lease TimesParking model, and the Singapore business was divested during the period ¹¹ ¹². Through Q3, the TimesCAR mobility fleet reached 69,733 vehicles and 4,057 thousand members, both expanding from the prior fiscal year-end ¹².

FY2025

In FY2025 (fiscal year ended October 2025), PARK24 CO., LTD. reported consolidated revenue of JPY 406,168 million, up 9.5% from JPY 370,913 million in FY2024, driven by continued expansion in the domestic parking segment – with 1,784 net new Times Parking locations added during the year – and growth in the Mobility segment, which expanded the Times Car fleet by 12,829 vehicles ¹⁰. Operating income declined to JPY 37,561 million from JPY 38,697 million, and net income attributable to parent shareholders fell to JPY 15,917 million from JPY 18,625 million, reflecting a JPY 3,350 million special loss from the termination of the pension plan at UK subsidiary NATIONAL CAR PARKS LIMITED and a JPY 2,453 million impairment on UK contract-related intangible assets ¹⁰. Through the first nine months, cumulative operating cash flow reached JPY 36,794 million against capital expenditure of JPY 40,591 million, with full-year operating cash flow rising to JPY 62,880 million ¹¹² ¹⁰. The equity ratio improved to 27.7% from 26.4% and net assets increased to JPY 98,193 million from JPY 78,144 million, supported in part by a JPY 28 billion capital reserve reduction transferred to other capital surplus ¹⁰. The company transferred its overseas parking business to Times24 Co., Ltd. via corporate split effective November 1, 2025, and published three-year medium-term management plan final-year targets of JPY 474.0 billion in revenue and JPY 44.5 billion in operating income by FY2027 ¹⁰.

FY2024

In fiscal year 2024 (November 2023 to October 2024), Park24 Co., Ltd. reported consolidated revenue of ¥370,913M, a 12.4% increase over the prior year, with all three segments contributing: Parking Business (Domestic) at ¥182,302M (+8.6%), Parking Business (Overseas) at ¥82,411M (+18.6%), and Mobility Business at ¥112,058M (+14.0%) ⁸. Operating income rose 21.0% to ¥38,697M, while net income attributable to parent shareholders grew 6.2% to ¥18,625M (¥99.81 per diluted share), with net income growth constrained by a contract-related intangible asset impairment of ¥1,978M in the UK business and a deferred tax asset write-off of ¥1,573M in the Australian holding company ⁸. The Parking Business (Overseas) segment recorded an operating loss of ¥967M despite strong revenue growth, reflecting those one-off charges ⁸. The equity ratio improved from 18.9% to 26.4% and interest-bearing debt declined by ¥26,740M to ¥143,983M over the fiscal year ⁸. In December 2024, the company published a three-year medium-term management plan with fiscal 2027 targets of ¥474.0B in revenue and ¥44.5B in operating income ⁸.

FY2023

PARK24 CO LTD reported consolidated revenue of JPY 330,123 million for fiscal year 2023 (ending October 2023), a 13.7% increase from the prior year, with operating income rising 54.7% to JPY 31,986 million ⁵. Net income attributable to the parent reached JPY 17,542 million, a 608.3% increase from JPY 2,476 million in the prior year, lifting return on equity to 35.7% from 8.8% ⁵. Times Club membership reached the medium-term target of 10 million in January 2023, and the Mobility business (Times Car) expanded to 2,423,817 members and 60,047 vehicles by fiscal year-end, increases of 18.8% and 13.2% respectively ⁵. Domestic parking operations completed 974 new developments to reach 17,639 managed locations and 576,262 managed spaces, while overseas managed locations grew 9.4% to 2,586 ⁵. Operating cash flow increased 64% to JPY 48,188 million, and the company transitioned from net debt to a net cash position of JPY 1,941 million by fiscal year-end ⁵.

Sources: official investor relations documents#

All original documents used, with type (e.g. quarterly, half-year, annual report), publication date and a direct link to the filing (EDINET/SEC/IR). Every superscript number in the report points to an entry in this list; so every figure can be traced back to its place in the original. Note on EDINET (Japan): direct retrieval via the EDINET API requires a free API key; alternatively all documents are freely available via the EDINET search (disclosure2.edinet-fsa.go.jp).

12 documents · 2023 – 2026 · EDINET (Japan)

#	Document type	Published	Link
#1 / #101	Annual report (EDINET)	2023-01-27	Open
#2 / #102	Quarterly report (EDINET)	2023-03-15	Open
#3 / #103	Quarterly report (EDINET)	2023-06-14	Open
#4 / #104	Quarterly report (EDINET)	2023-09-14	Open
#5 / #105	Annual report (EDINET)	2024-01-26	Open
#6 / #106	Quarterly report (EDINET)	2024-03-14	Open
#7 / #107	Quarterly report (EDINET)	2024-06-14	Open
#8 / #108	Annual report (EDINET)	2025-01-30	Open
#9 / #109	Half-year report (EDINET)	2025-07-15	Open
#10 / #110	Annual report (EDINET)	2026-01-28	Open
#11 / #111	Half-year report (EDINET)	2026-06-15	Open
#12 / #112	Quarterly report (EDINET)	2026-08-31	Open

FAQ#

Is there a management forecast (guidance) for FY2026?

Yes. Management has issued targets for FY2026, including Revenue. The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.

Where can I find the official investor relations documents of PARK24 Co., Ltd.?

The sources chapter links all 24 original filings used (EDINET filings) with type, publication date and a direct link; every figure in the report carries a source number.