Park24 Expands Times Parking and Car-Sharing Network as Domestic Growth Accelerates

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

Park24 reported continued expansion in its domestic parking operations, with the total number of parking sites in Japan rising to 27,339 and spaces to 907,554 by April, driven mainly by growth in Times PARKING. The Times PARKING network reached 20,107 sites and 740,652 spaces after a strong development pipeline of 230 new sites and 16,857 spaces in April, offsetting 64 site cancellations and supporting year-on-year sales growth of 9.4%.

Times PARKING April sales were 109.4% of the prior year, with both standard and partner service formats contributing, though gross margins remained broadly flat amid higher costs and slightly lower occupancy rates. In mobility, the Times CAR fleet expanded to 84,114 vehicles and membership climbed by 41,000 month-on-month to 3.851 million, underscoring robust demand for car sharing, while the company ceased monthly disclosures on its international parking business following restructuring and shifted investors to quarterly financial updates instead.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen3000.00 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., listed on the Tokyo Stock Exchange Prime Market under code 4666 and ticker PKCOY, operates the Park24 Group’s parking and mobility businesses in Japan. Its core offerings include the Times PARKING hourly and monthly parking network and the Times CAR car-sharing service, targeting urban drivers and corporate users seeking flexible parking and vehicle access.

Average Trading Volume: 1,107,833

Technical Sentiment Signal: Sell

Current Market Cap: Yen305.6B

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