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The latest announcement is out from Park24 Co ( (JP:4666) ).
Park24 reported steady expansion in its domestic parking operations in January, with Times PARKING sales rising 10.9% year on year and the network growing to 19,824 sites and 709,319 spaces, a net increase of 19 sites and 2,290 spaces from December. Gross profit for Times PARKING remained solid despite a slight margin compression versus the prior year, while occupancy in the STANDARD segment was broadly stable at 49.1%.
The company’s mobility business also continued to scale, with Times CAR vehicles reaching 81,640 and membership increasing by 30,000 to 3.713 million in January, underscoring robust demand for car sharing. Internationally, parking occupancy rates in the U.K. and Australia tracked in line with internal plans, suggesting that overseas operations are performing as expected and providing a stable contribution to the group’s overall performance.
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 and ticker PKCOY, operates the PARK24 Group parking and mobility businesses. Its core offerings include Times PARKING hourly and monthly parking sites in Japan and the Times CAR car-sharing service, complemented by international parking operations in markets such as the U.K. and Australia.
YTD Price Performance: 3.52%
Average Trading Volume: 1,012,376
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen368.9B
Learn more about 4666 stock on TipRanks’ Stock Analysis page.