Park24 expands Times PARKING network as car-sharing membership surges

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

Park24 reported steady expansion in its core parking operations in March, with Times PARKING sales rising 10.2% year on year and the network growing to 19,939 sites and 724,361 spaces, reflecting a net increase in both sites and spaces despite cancellations. Profitability improved as gross profit and margins advanced versus the prior year, while occupancy in the STANDARD segment remained broadly stable.

In mobility services, the Times CAR fleet increased to 82,867 vehicles and membership climbed by 66,000 in a single month to 3.809 million, underscoring strong demand for car sharing. Internationally, parking occupancy in the U.K. and Australia tracked management plans, suggesting that overseas operations are progressing in line with expectations and supporting the group’s broader growth trajectory.

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, a leading parking and mobility services provider. Its core businesses include domestic parking under the Times PARKING brand, international parking operations in markets such as the U.K. and Australia, and the Times CAR car-sharing and rental mobility service in Japan.

Average Trading Volume: 998,780

Technical Sentiment Signal: Buy

Current Market Cap: Yen331.2B

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