Park24 Expands Times PARKING Network and Grows Car-Sharing Membership in December

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

Park24 reported continued expansion of its domestic Times PARKING network in December, with total Japanese parking sites rising to 19,805 and spaces to 707,029, driven by 130 newly developed sites and 4,991 new spaces, offset by 51 site and 1,137 space cancellations. Times PARKING net sales rose 10.8% year on year in December, with both the STANDARD and PARTNER SERVICE segments contributing, though gross profit margins were slightly lower than the prior year, and occupancy in the STANDARD segment held around 51% in line with recent levels. The company’s Times CAR mobility business also grew, with fleet size reaching 81,607 vehicles and membership climbing by 36,000 in a month to 3.683 million, while international parking operations in the U.K. and Australia reported occupancy broadly in line with internal plans, underscoring stable overseas performance even as Park24 ceases publishing vehicle-level usage fee metrics in its monthly report.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen2557.00 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, operates the Times-branded parking and mobility network in Japan and overseas. Its core businesses span domestic parking facilities (including hourly, monthly and partner-operated Times PARKING sites), international parking operations in markets such as the U.K. and Australia, and the Times CAR car-sharing and rental service aimed at urban drivers and corporate users.

YTD Price Performance: 10.24%

Average Trading Volume: 1,040,538

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen392.9B

See more insights into 4666 stock on TipRanks’ Stock Analysis page.