Park24 Co (4666) AI Stock Analysis

• Market Cap: ¥367.39B
• Dividend Yield: 1.45%
• Average Volume (3M): 993.09K
• Price to Earnings (P/E): 23.1
• Beta (1Y): 0.60
• Revenue Growth: 9.50%
• EPS Growth: -14.58%
• Country: JP
• Employees: 5,502
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Infrastructure Operations
• EPS (TTM): 34.93
• Shares Outstanding: 171,048,370
• 10 Day Avg. Volume: 786,680
• 30 Day Avg. Volume: 993,086
• PEG Ratio: -1.33
• Price to Book (P/B): 3.13
• Price to Sales (P/S): 0.76
• P/FCF Ratio: 14.05
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥2,895.39
• Price Target Upside: 34.39% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: ¥2,557.00 ▲(18.68% Upside)

Park24 Co's stock is supported by strong technical indicators, showing bullish momentum and a positive price trend. However, the financial performance highlights some challenges with declining profit margins and free cash flow, which could impact future growth. The valuation is moderate, with a P/E ratio suggesting the stock is fairly priced, but the low dividend yield may not appeal to income investors.

Positive Factors

Market position & service diversification

Park24's broad service mix and scale in parking, automated systems and car‑sharing create durable revenue diversity. Recurring hourly/monthly fees plus mobility services and government/business partnerships strengthen barriers to entry and support steady demand over years.

Consistent revenue growth and operating cash generation

Improving operating cash flow and healthy cash conversion indicate strong cash-generating operations. This durability funds maintenance capex, system upgrades and strategic investments, helping the company reinvest in automated parking and mobility without overreliance on external financing.

Improved leverage and stable equity base

A reduction in leverage enhances financial flexibility and lowers refinancing risk. Stable equity backing plus better debt metrics give Park24 capacity to fund capex, pursue partnerships or absorb cyclical shocks, supporting sustainable operations and strategic initiatives.

Negative Factors

Declining net profit margins

Sustained margin erosion signals growing cost pressure or weakening pricing power. Lower operating profitability reduces retained earnings for reinvestment, constrains ability to fund expansion organically, and can compress returns even if revenues stay stable.

Falling free cash flow

A notable drop in free cash flow limits capacity for discretionary investment, dividends and accelerated debt reduction. Over multiple quarters, weaker FCF can force capital allocation tradeoffs and slow rollout of automated systems or mobility services critical for long‑term growth.

Return on equity deterioration

Falling ROE suggests the business is generating lower returns from shareholder capital, possibly from margin pressure or capital intensity. Persistently lower ROE can undermine shareholder value creation and signal less efficient use of invested capital over time.

Park24 Co Business Overview & Revenue Model

Company Description

PARK24 Co., Ltd. operates and manages parking facilities in Japan and Internationally. The company operates through Parking Business Japan, Parking Business Overseas, and Mobility Business segments. Its services include hourly parking facilities; reserved parking and monthly parking services; parking facilities for non-passenger vehicles, such as large vehicles, motorcycles, and bicycles; and overseas parking facilities, including patrolled parking facilities, and pay and display parking services. The company also provides Times CAR RENTAL, a rent-a-car service; Times CAR, a membership based unattended rent-a-car service; Times Club membership service for drivers and Times Business service for corporate customers; The Times PAY, a payment service to the service industry, such as restaurants and retail outlets; membership-based road service; and insurance agency services comprising insurance consultation and financial planning services. PARK24 Co., Ltd. was founded in 1971 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Park24 generates revenue primarily through its parking services, which include hourly and monthly parking fees from its extensive network of parking facilities across urban areas. The company also earns money from its automated parking systems and technology solutions, which are marketed to both public and private entities looking to optimize their parking operations. Additionally, Park24's car-sharing services contribute to its revenue, allowing users to rent vehicles on a short-term basis, thus tapping into the growing trend of shared mobility. Strategic partnerships with local governments and businesses enhance its offerings and expand its market reach, further solidifying its position in the industry.

Park24 Co Financial Statement Overview

Summary

Park24 Co shows a solid financial performance with consistent revenue growth and improved leverage. However, declining profit margins and free cash flow growth could pose challenges. The company needs to focus on enhancing operational efficiency and managing costs to sustain profitability and cash flow generation.

Income Statement

Park24 Co has demonstrated consistent revenue growth, with a TTM revenue growth rate of 2.41%. The gross profit margin is stable at 26.81%, indicating efficient cost management. However, the net profit margin has decreased to 3.76% from 5.02% in the previous year, reflecting potential challenges in controlling expenses or increased costs. The EBIT and EBITDA margins have also seen a decline, suggesting pressure on operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has improved to 1.67 from 1.84, indicating better leverage management. However, the return on equity has decreased to 18.03% from 23.83%, which could be a concern for investors looking for high returns. The equity ratio remains stable, reflecting a balanced approach to financing assets.

Cash Flow

Operating cash flow has increased, showing strong cash generation capabilities, but free cash flow has declined by 15.46%, which may impact future investments or debt repayments. The operating cash flow to net income ratio is healthy at 0.68, indicating good cash conversion from profits. However, the free cash flow to net income ratio has slightly decreased, suggesting less cash available after capital expenditures.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	406.17B	370.91B	330.12B	290.25B	251.10B
Gross Profit	102.82B	102.07B	89.63B	70.59B	40.69B
EBITDA	68.50B	71.13B	61.06B	49.43B	28.38B
Net Income	15.92B	18.63B	17.54B	2.48B	-11.66B
Balance Sheet
Total Assets	354.38B	295.70B	308.16B	307.63B	319.63B
Cash, Cash Equivalents and Short-Term Investments	80.47B	55.88B	73.96B	85.78B	92.04B
Total Debt	172.64B	143.98B	170.72B	194.91B	228.29B
Total Liabilities	256.18B	217.56B	249.74B	267.58B	303.19B
Stockholders Equity	98.19B	78.14B	58.42B	40.04B	16.43B
Cash Flow
Free Cash Flow	21.88B	21.66B	21.76B	13.33B	20.23B
Operating Cash Flow	62.47B	54.18B	48.19B	29.37B	34.82B
Investing Cash Flow	-46.06B	-37.56B	-25.66B	-17.36B	-12.35B
Financing Cash Flow	14.83B	-42.51B	-35.63B	-20.12B	13.17B

Park24 Co Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2154.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4666, the sentiment is Neutral. The current price of 2154.5 is below the 20-day moving average (MA) of 2220.00, above the 50-day MA of 2061.00, and above the 200-day MA of 1930.77, indicating a neutral trend. The MACD of 38.26 indicates Positive momentum. The RSI at 47.16 is Neutral, neither overbought nor oversold. The STOCH value of 15.97 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:4666.

Park24 Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9044	78 Outperform	¥324.03B	12.94	―	1.61%	6.55%	-12.49%
2353	76 Outperform	¥93.03B	18.96	29.70%	3.04%	10.32%	-6.40%
9068	74 Outperform	¥170.40B	16.71	―	2.22%	1.92%	-6.02%
4666	72 Outperform	¥367.39B	23.10	18.49%	1.45%	9.50%	-14.58%
9003	72 Outperform	¥273.90B	13.58	―	2.30%	-1.88%	-9.94%
9048	66 Neutral	¥339.71B	12.37	―	2.26%	6.13%	-23.73%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Park24 Co Corporate Events

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

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.

Park24 Co. Reports Strong Growth in Parking and Mobility Services

In November, Park24 Co. reported a 108.4% year-over-year increase in sales for its Times PARKING division, with a net addition of 45 sites and 3,750 spaces. The company’s mobility business also saw growth, with an increase in Times CAR vehicles and membership. Internationally, the parking occupancy rates in the U.K. exceeded expectations, while Australia met planned targets, indicating a stable performance in its overseas operations.

The most recent analyst rating on (JP:4666) stock is a Hold with a Yen1824.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Co. Announces Early Repayment of Subordinated Loan

Park24 Co., Ltd. has announced its decision to make an early repayment of a 50 billion yen subordinated syndicated loan, originally procured in December 2020 to maintain financial health during the COVID-19 pandemic. This move reflects the company’s improved financial position and profitability following the recovery in travel demand and the implementation of a lean business structure. The early repayment is expected to reduce interest expenses, positively impacting the company’s financial results for the fiscal period ending October 31, 2026.

The most recent analyst rating on (JP:4666) stock is a Hold with a Yen1824.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Co. Announces New Director Candidates for Audit and Supervisory Committee

Park24 Co., Ltd. has announced the election of director candidates who will serve as Audit and Supervisory Committee Members. The Board of Directors has elected Miho Niunoya for reappointment and Yuri Izumo for a new appointment. These appointments will be discussed at the upcoming Ordinary General Meeting of Shareholders. The changes in the board are expected to enhance the company’s governance structure, with both candidates meeting the Tokyo Stock Exchange’s requirements for independent directors.

The most recent analyst rating on (JP:4666) stock is a Hold with a Yen1824.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Co. Announces Director Reappointments Ahead of Shareholders Meeting

Park24 Co., Ltd. announced the reappointment of several directors at a recent Board of Directors meeting, with the candidates to be discussed at the upcoming Ordinary General Meeting of Shareholders. This move is part of the company’s ongoing efforts to maintain strong leadership and continuity in its operations, potentially impacting its strategic direction and stakeholder confidence.

The most recent analyst rating on (JP:4666) stock is a Hold with a Yen1824.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Co. Proposes Reduction in Legal Capital Surplus

Park24 Co., Ltd. has announced a proposal to reduce its legal capital surplus by 28 billion yen, transferring this amount to other capital surplus to enhance distribution capabilities and prepare for future financial strategies. This internal financial restructuring will not affect the company’s total shareholders’ equity, net assets, or operating results, ensuring stability for stakeholders.

The most recent analyst rating on (JP:4666) stock is a Hold with a Yen1824.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Co. Announces Increased Dividends to Enhance Shareholder Returns

Park24 Co., Ltd. announced a significant increase in dividends from retained earnings, with the Board of Directors resolving to pay 30.0 yen per share, up from 5.0 yen in the previous fiscal year. This decision reflects the company’s commitment to providing stable returns to shareholders while maintaining necessary reserves for future growth, aligning with their strategic focus on long-term value enhancement.

The most recent analyst rating on (JP:4666) stock is a Hold with a Yen1824.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Reports Increased Sales but Decline in Profits for Fiscal Year 2025

Park24 Co., Ltd. reported its consolidated financial results for the fiscal year ending October 31, 2025, showing a 9.5% increase in net sales to 406,168 million yen. However, operating and recurring profits declined by 2.9% and 3.6%, respectively, while profit attributable to owners of the parent fell by 14.5%. The company announced a significant increase in its annual dividend per share from 5 yen to 30 yen, reflecting a higher payout ratio. Looking ahead, Park24 forecasts a continued rise in net sales and profits for the fiscal year ending October 31, 2026, with a notable 50.8% increase in profit attributable to owners of the parent, indicating a positive outlook for stakeholders.

The most recent analyst rating on (JP:4666) stock is a Hold with a Yen1824.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Co. Reports Growth in Times PARKING Sales and Expansion

In October, Park24 Co. reported a 109.9% year-over-year increase in sales for its Times PARKING service, with an expansion of 210 new sites and 9,454 spaces compared to the previous month. The company’s international operations showed steady occupancy rates in the UK and increasing rates in Australia, indicating a positive trend in its global market positioning.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen2800.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Co. Secures 45 Billion Yen for Growth Initiatives

Park24 Co., Ltd. has announced a new financing initiative through borrowing, as resolved by its Board of Directors. This funding, amounting to 45 billion yen, will support the company’s growth initiatives under its FY2027 Medium-term Management Plan, including network expansion and service enhancement. The borrowings, which include both long-term and short-term facilities, are expected to have an immaterial impact on the company’s consolidated results for the fiscal year ending October 31, 2026.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen2800.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Co. Acquires Full Ownership of UK Subsidiary

Park24 Co., Ltd. announced the acquisition of the remaining 49% shares of MEIF II CP Holdings 2 Limited from the Development Bank of Japan, making it a wholly owned subsidiary. This strategic move consolidates Park24’s control over its UK operations, potentially strengthening its market position in the parking industry without impacting its consolidated income statement.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen2800.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.