Park24 Co. Reports Growth in Parking and Mobility Sectors

Park24 Co ( (JP:4666) ) has provided an update.

Park24 Co. reported a positive trend in its parking business with a 109.8% year-over-year increase in sales for Times PARKING in April. The company expanded its parking sites and spaces, adding 300 new sites and 17,713 spaces, while cancelling 67 sites and 3,680 spaces. The mobility business also saw growth, with an increase in Times CAR vehicles and membership. Internationally, the U.K. maintained steady parking occupancy rates, whereas Australia experienced a decline due to a cyclone. These developments indicate Park24’s strategic expansion and resilience in the face of environmental challenges, potentially strengthening its market position.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen3100.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

More about Park24 Co

Park24 Co. operates in the parking and mobility industry, primarily focusing on providing parking solutions and car-sharing services. Their main product offerings include Times PARKING, a network of parking sites, and Times CAR, a car-sharing service. The company has a significant presence in Japan and international operations in the U.K. and Australia.

YTD Price Performance: -10.28%

Average Trading Volume: 682,924

Technical Sentiment Signal: Buy

Current Market Cap: Yen338.7B

Learn more about 4666 stock on TipRanks’ Stock Analysis page.