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Park24 Co (JP:4666)
:4666
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Park24 Co (4666) AI Stock Analysis

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Park24 Co

(OTC:4666)

Rating:73Outperform
Price Target:
¥2,068.00
▲(7.88%Upside)
Park24 Co's strong financial performance is the most significant factor, with robust revenue growth and efficient cash management. Technical analysis suggests mixed market momentum, while the valuation indicates moderate pricing. Together, these factors result in a solid overall stock score.

Park24 Co (4666) vs. iShares MSCI Japan ETF (EWJ)

Park24 Co Business Overview & Revenue Model

Company DescriptionPARK24 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 MoneyPark24 Co., Ltd. generates revenue primarily through its extensive network of parking facilities, which are strategically located in urban and suburban areas across Japan and other countries. The company earns money through parking fees collected from these facilities. Additionally, Park24 has a significant presence in the car sharing and rental market through its brand 'Times Car', where it generates revenue by offering short-term and long-term vehicle rentals. The integration of technology in their services enhances customer convenience and operational efficiency, further driving revenue. Strategic partnerships with local governments and businesses also contribute to the company's earnings by expanding their service reach and customer base.

Park24 Co Earnings Call Summary

Earnings Call Date:Jul 15, 2025
(Q2-2024)
|
% Change Since: -0.88%|
Next Earnings Date:Sep 16, 2025
Earnings Call Sentiment Neutral
The earnings call indicates a strong financial performance with significant growth in the Mobility and Parking Business Japan segments, and successful new initiatives in car-sharing. However, challenges remain in the international parking business and vehicle disposal sales, and there are concerns about high costs and accident rates in overseas and mobility segments.
Q2-2024 Updates
Positive Updates
Strong Overall Financial Performance
Net sales were JPY 175.8 billion, operating profit was JPY 16.6 billion, recurring profit was JPY 14.9 billion, and net profit in Q2 was JPY 9 billion, all exceeding the full year plan announced last December.
Parking Business Japan and Mobility Business Growth
Parking Business Japan achieved net sales of JPY 85.6 billion and Mobility Business achieved JPY 52 billion. Both segments overachieved the plan.
Improvement in Service Operations
Mobility business service operations grew 58.1% year-on-year, contributing significantly to an increase in profits despite a decrease in sales and disposal of vehicles.
Record Car-Sharing Revenue
Net sales per vehicle in the Mobility business reached JPY 120,000, the highest ever since the car-sharing business started.
Successful Launch of New Car-Sharing Platform
The launch of the car-sharing platform with Hakone Car Share started in May and had a strong start.
Financial Stability and Shareholder Equity Improvements
Shareholders' equity ratio improved by 2.7 points to 25.6% from last year, with a target of approximately 30%.
Growth in International Markets
Net sales in the UK grew by 107.6% and in Australia by 104.2% on a local currency basis.
Negative Updates
Challenges in Parking Business International
Parking Business International ended with a negative JPY 0.3 billion recurring profit, failing to meet the original plan of JPY 0.1 billion.
Decline in Sales and Disposal of Vehicles
Sales and disposal of vehicles in the Mobility business decreased to JPY 3 billion from JPY 5.5 billion last fiscal year, nearly halving.
High Costs in Overseas Business
Costs in the overseas business remain high, affecting profitability, with Australia facing particular challenges.
High Accident Rate in Mobility Business
The Mobility business experienced a higher accident rate in May, raising concerns about potential impacts on future performance.
Company Guidance
During the Q2 2024 earnings call for Park24, executive Koichi Nishikawa detailed an impressive financial performance, with net sales reaching JPY 175.8 billion and operating profit at JPY 16.6 billion, surpassing the full-year plan announced last December. The Parking Business Japan segment reported net sales of JPY 85.6 billion and a recurring profit of JPY 16.7 billion, while the Mobility business achieved JPY 52 billion in net sales, with service operations growing 22.4% year-on-year. In contrast, the Parking Business International segment reported a recurring profit shortfall, with a negative JPY 0.3 billion for the quarter. The Mobility business saw a significant increase in usage fees per vehicle per month, rising 5.6% to JPY 120,700. The company is focused on enhancing profitability through the development of localized times parking facilities and maintaining a target shareholders' equity ratio of approximately 30%, with an aim to improve the dividend on equity to pre-COVID levels.

Park24 Co Financial Statement Overview

Summary
Park24 Co presents a robust financial profile with strong revenue growth, healthy profit margins, and efficient cash management. The balance sheet shows manageable leverage and a solid capital structure. Overall, the financial health is well-positioned within the sector, supporting future growth.
Income Statement
85
Very Positive
Park24 Co has demonstrated strong revenue growth, with a TTM revenue of 381.45 billion JPY, reflecting a growth rate of 2.84% compared to the previous year. The gross profit margin stands at 27.40%, and the net profit margin is 4.91%, indicating healthy profitability. EBIT and EBITDA margins are also robust at 10.33% and 19.08%, respectively. The company has recovered well from past losses, showcasing a positive growth trajectory and stable profitability.
Balance Sheet
78
Positive
The balance sheet reveals a moderate debt-to-equity ratio of 1.72, suggesting manageable leverage. The equity ratio is 28.29%, indicating a solid capital structure. Return on Equity (ROE) of 22.36% highlights efficient use of equity. Despite a decrease in total assets, the company's equity position has strengthened over time, pointing to improved financial stability.
Cash Flow
82
Very Positive
Park24 Co's cash flow analysis shows strong operational cash generation, with an operating cash flow to net income ratio of 3.19, indicating efficient cash management. The free cash flow to net income ratio is 1.44, reflecting a substantial portion of earnings converted to free cash flow. The free cash flow growth rate of 24.23% over the past year underscores the company's ability to generate increasing cash flows, supporting future growth initiatives.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue370.91B330.12B290.25B251.10B268.90B
Gross Profit102.07B89.63B70.59B40.69B36.35B
EBITDA71.13B61.06B49.43B28.38B-7.51B
Net Income18.63B17.54B2.48B-11.66B-46.88B
Balance Sheet
Total Assets295.70B308.16B307.63B319.63B295.77B
Cash, Cash Equivalents and Short-Term Investments55.88B73.96B90.19B92.04B55.54B
Total Debt143.98B170.72B196.05B229.49B205.97B
Total Liabilities217.56B249.74B267.58B303.19B264.63B
Stockholders Equity78.14B58.42B40.04B16.43B31.14B
Cash Flow
Free Cash Flow21.66B21.76B13.33B20.23B19.73B
Operating Cash Flow54.18B48.19B29.37B34.82B39.40B
Investing Cash Flow-37.56B-25.66B-17.36B-12.35B-21.82B
Financing Cash Flow-42.51B-35.63B-20.12B13.17B12.89B

Park24 Co Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price1917.00
Price Trends
50DMA
1907.78
Positive
100DMA
1954.14
Negative
200DMA
1942.22
Negative
Market Momentum
MACD
11.36
Negative
RSI
57.19
Neutral
STOCH
76.71
Neutral
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 1917 is above the 20-day moving average (MA) of 1863.85, above the 50-day MA of 1907.78, and below the 200-day MA of 1942.22, indicating a neutral trend. The MACD of 11.36 indicates Negative momentum. The RSI at 57.19 is Neutral, neither overbought nor oversold. The STOCH value of 76.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:4666.

Park24 Co Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
¥140.79B14.13
2.59%3.12%1.99%
73
Outperform
¥329.79B22.6018.39%0.26%12.91%-3.97%
65
Neutral
$10.90B15.415.26%1.89%3.11%-26.85%
DE3SY
€492.18M13.8633.42%2.12%
76
Outperform
¥326.43B8.64
2.26%14.91%54.74%
73
Outperform
¥226.23B10.09
2.60%8.20%39.32%
71
Outperform
¥249.89B11.10
2.04%7.94%-5.97%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:4666
Park24 Co
1,917.00
315.77
19.72%
DE:3SY
Nippon Parking Development Co., Ltd.
1.42
0.33
30.28%
JP:9003
Sotetsu Holdings, Inc.
2,309.00
-26.66
-1.14%
JP:9044
Nankai Electric Railway Co., Ltd.
2,208.50
-444.30
-16.75%
JP:9048
Nagoya Railroad Co., Ltd.
1,642.50
-114.25
-6.50%
JP:9068
Maruzen Showa Unyu Co., Ltd.
6,870.00
1,625.34
30.99%

Park24 Co Corporate Events

Park24 Co. Completes Semi-Annual Report Submission
Jul 15, 2025

Park24 Co., Ltd. announced the completion of its semi-annual report submission for the 41st term, following an approved extension. The company expressed apologies for any inconvenience caused to stakeholders due to the delay, highlighting its commitment to transparency and stakeholder communication.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen3100.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Revises Full-Year Forecast Amid Extraordinary Loss
Jul 15, 2025

Park24 Co., Ltd. announced a revision to its full-year earnings forecast for the fiscal year ending October 31, 2025, following a discrepancy between interim forecasts and actual results. The company reported a significant drop in profit attributable to owners due to an extraordinary loss from terminating a retirement benefit plan for an overseas subsidiary. Despite this, net sales and operating profits remained close to initial forecasts, and the annual dividend forecast remains unchanged.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen3100.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Reports Mixed Financial Results for First Half of Fiscal Year 2025
Jul 15, 2025

Park24 Co., Ltd. reported its consolidated financial results for the first six months of the fiscal year ending October 31, 2025, showing a 10% increase in net sales compared to the previous year. However, the company experienced a decline in operating profit and profit attributable to owners, with a significant drop of 44.7% in the latter. Despite the challenges, Park24 revised its full-year forecast, expecting a slight increase in operating profit and recurring profit, indicating a cautious optimism for the remainder of the fiscal year.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen3100.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Co. Corrects Financial Reports Amid Inaccuracies
Jul 15, 2025

Park24 Co., Ltd. has announced the submission of corrected versions of its past annual and quarterly reports due to significant inaccuracies in previously reported numbers of parking sites and spaces, particularly in the U.K. The company has established an internal investigation committee to review the discrepancies, which have been corrected without impacting the financial statements. This move aims to address stakeholder concerns and ensure accurate reporting for informed investment decisions.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen3100.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Co. Addresses Discrepancies in UK Parking Site Reports
Jul 15, 2025

Park24 Co., Ltd. has announced the receipt of an investigation report from an internal committee regarding discrepancies in reported numbers of parking sites and spaces in the UK. The investigation revealed significant inaccuracies, with discrepancies of 250 sites and 5,092 spaces. The report highlighted inadequate verification processes and inappropriate reporting practices at NCP, leading to these discrepancies. The company is now focused on implementing measures to prevent recurrence and improve its internal controls.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen3100.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Co. Reschedules Financial Results Announcement
Jul 1, 2025

Park24 Co., Ltd. has announced the rescheduled date for the release of its financial results for the first six months of the fiscal year ending October 31, 2025, which will now be disclosed on July 15, 2025. The delay in the announcement had previously been communicated, and the company has expressed apologies for any inconvenience caused to its stakeholders.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen3100.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Co. Secures Extension for Semi-Annual Report Submission
Jun 16, 2025

Park24 Co., Ltd. has received approval to extend the due date for submitting its semi-annual report for the fiscal year ending October 31, 2025, from June 16, 2025, to July 16, 2025. This extension allows the company to complete necessary internal investigations and auditing procedures, ensuring accurate financial reporting. The company plans to disclose its Consolidated Financial Report for the first six months of the fiscal year by the new deadline, maintaining transparency with stakeholders.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen3100.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Co. Seeks Extension for Semi-Annual Report Submission Due to Reporting Inaccuracies
Jun 13, 2025

Park24 Co., Ltd. has announced its decision to apply for an extension of the due date for submitting its semi-annual report for the fiscal year ending October 31, 2025. This decision follows the discovery of serious inaccuracies in the reported numbers of active parking sites and spaces in the UK, which have affected the overall figures for all overseas regions. An internal investigation committee has been established to address these inaccuracies, and the company anticipates needing more time to complete the necessary investigations and corrections, as well as to receive an interim review report from its auditing firm.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen3100.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Postpones Financial Results Due to Data Inaccuracies
May 30, 2025

Park24 Co., Ltd. has announced the postponement of its financial results for the first half of FY2025 and is considering an extension for submitting its semi-annual report. This decision follows the discovery of inaccuracies in previously reported data on parking sites and spaces in the UK, which impacts the company’s financial statements and goodwill valuation. An internal investigation committee has been established to address these issues, and the company plans to disclose further details once the investigation concludes.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen3100.00 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 Parking and Mobility Sectors
May 19, 2025

Park24 Co. reported a positive trend in its parking business with a 109.8% year-over-year increase in sales for Times PARKING in April. The company expanded its parking sites and spaces, adding 300 new sites and 17,713 spaces, while cancelling 67 sites and 3,680 spaces. The mobility business also saw growth, with an increase in Times CAR vehicles and membership. Internationally, the U.K. maintained steady parking occupancy rates, whereas Australia experienced a decline due to a cyclone. These developments indicate Park24’s strategic expansion and resilience in the face of environmental challenges, potentially strengthening its market position.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen3100.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

Park24 Co. Secures Financing to Support Growth and Service Evolution
May 19, 2025

Park24 Co., Ltd. has announced a decision to finance through borrowing to support its growth and service evolution under its 2035 vision. The company plans to secure a total of 35 billion yen from various financial institutions, with borrowing dates set for September and October 2025. This move is part of their strategy to manage financial events anticipated in their FY2027 Medium-term Management Plan, considering uncertain interest rate trends. The impact on the company’s consolidated results is expected to be minor.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen3100.00 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 Sectors
Apr 15, 2025

In March, Park24 Co. reported a 108.6% year-over-year increase in sales for its Times PARKING division, with a net addition of 93 sites and 7,701 spaces. The mobility business also saw growth, with an increase in Times CAR vehicles and membership, indicating a robust expansion in both parking and mobility sectors.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 04, 2025