Park24 Co Ltd (JP:4666)
:4666
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Park24 Co
(4666)
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Rating:59Neutral
Price Target:
¥2,185.00
▲(15.92% Upside)
Action:ReiteratedDate:03/19/26
The score is anchored by improving multi-year fundamentals and durable operating cash flow, but tempered by elevated leverage and a sharp recent decline in free cash flow. Weak technical momentum (negative MACD, below the 50-day average) further pressures the rating, while valuation appears reasonable but not compelling enough to outweigh the near-term risks.
Positive Factors
Diversified mobility & parking platform
Park24 operates an integrated portfolio—coin-operated Times parking, car-sharing/rental and parking-management solutions—creating multiple recurring revenue streams. This diversification increases resilience to demand shifts in any single mobility channel and supports cross-selling and site synergies over the medium term.
Negative Factors
Elevated leverage
A debt-heavy capital structure (TTM debt/equity ~2.6x) and a drop in equity weaken financial flexibility. This increases sensitivity to higher interest rates and refinancing risk, constraining capital allocation for fleet replacement or site expansion and elevating long-term risk during adverse cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified mobility & parking platform
Park24 operates an integrated portfolio—coin-operated Times parking, car-sharing/rental and parking-management solutions—creating multiple recurring revenue streams. This diversification increases resilience to demand shifts in any single mobility channel and supports cross-selling and site synergies over the medium term.
Read all positive factors
Park24 Co (4666) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥321.43B
Dividend Yield1.45%
Average Volume (3M)993.09K
Price to Earnings (P/E)15.8
Beta (1Y)0.71
Revenue Growth9.50%
EPS Growth-14.58%
CountryJP
Employees5,502
SectorIndustrials
Sector Strength72
IndustryIndustrial - Infrastructure Operations
Share Statistics
EPS (TTM)34.02
Shares Outstanding171,048,370
10 Day Avg. Volume786,680
30 Day Avg. Volume993,086
Financial Highlights & Ratios
PEG Ratio-1.33
Price to Book (P/B)3.13
Price to Sales (P/S)0.76
P/FCF Ratio14.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,812.05Price Target Upside49.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)138.24
Revenue Forecast (FY)¥442.30B
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; ...
How the Company Makes Money
Park24 primarily makes money through (1) parking operations and (2) mobility services, with additional revenue from parking-related solutions and affiliated services.
1) Parking operations (Times parking): The company earns usage fees from driver...
Park24 Co Earnings Call Summary
Earnings Call Date:Jun 14, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:Jun 17, 2026
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.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.
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.
Read all updates
Q2-2024 Updates
Positive
Negative
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.
Read all positive updates
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
Income Statement
72
Positive
Balance Sheet
55
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 415.45B | 406.17B | 370.91B | 330.12B | 290.25B | 251.10B |
| Gross Profit | 105.84B | 104.24B | 102.07B | 89.63B | 70.59B | 40.73B |
| EBITDA | 69.93B | 68.50B | 71.13B | 61.06B | 49.43B | 28.38B |
| Net Income | 16.55B | 15.92B | 18.63B | 17.54B | 2.48B | -11.66B |
Balance Sheet | ||||||
| Total Assets | 311.11B | 354.38B | 295.70B | 308.16B | 307.63B | 319.63B |
| Cash, Cash Equivalents and Short-Term Investments | 32.93B | 80.47B | 48.73B | 73.96B | 85.78B | 92.04B |
| Total Debt | 166.02B | 172.64B | 143.98B | 170.72B | 194.91B | 229.49B |
| Total Liabilities | 240.07B | 256.18B | 217.55B | 249.74B | 267.58B | 303.19B |
| Stockholders Equity | 71.03B | 98.19B | 78.14B | 58.42B | 40.04B | 16.43B |
Cash Flow | ||||||
| Free Cash Flow | 13.91B | 21.88B | 26.73B | 26.57B | 16.24B | 22.41B |
| Operating Cash Flow | 61.32B | 62.47B | 55.44B | 49.67B | 29.37B | 34.82B |
| Investing Cash Flow | -51.00B | -46.06B | -37.56B | -25.66B | -17.36B | -12.35B |
| Financing Cash Flow | -24.60B | 14.83B | -42.51B | -35.63B | -20.12B | 13.17B |
Park24 Co Technical Analysis
Negative
1885.00
Price Trends
2122.19
Negative
2022.24
Negative
1953.33
Negative
Market Momentum
-58.49
Negative
40.98
Neutral
45.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4666, the sentiment is Negative. The current price of 1885 is below the 20-day moving average (MA) of 1994.97, below the 50-day MA of 2122.19, and below the 200-day MA of 1953.33, indicating a bearish trend. The MACD of -58.49 indicates Negative momentum. The RSI at 40.98 is Neutral, neither overbought nor oversold. The STOCH value of 45.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4666.
Park24 Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥608.79B | 8.33 | 13.92% | 1.50% | 6.30% | -16.29% | |
72 Outperform | ¥456.84B | 11.51 | 15.15% | 2.25% | 12.25% | 25.90% | |
71 Outperform | ¥438.62B | 10.33 | 9.06% | 2.62% | 6.97% | 8.61% | |
65 Neutral | ¥584.32B | 12.46 | 8.51% | 2.96% | -2.82% | -50.73% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ¥83.89B | 17.68 | 29.70% | 3.04% | 10.32% | -6.40% | |
59 Neutral | ¥321.43B | 15.83 | 18.49% | 1.45% | 9.50% | -14.58% |
* Industrials Sector Average
JP:4666
Park24 Co
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Park24 Co Corporate Events
Park24 to Exit Singapore Parking Business, Books ¥3 Billion Loss on Subsidiary Sale
Mar 19, 2026
Park24 Co., Ltd. is divesting its Singapore parking subsidiary, Times24 Singapore Pte. Ltd., exiting the local parking market it entered in 2017 via the acquisition and subsequent rebranding of Secure Parking Singapore. The move reflects a reasses...
Park24 Books Heavy U.K. Restructuring Charge but Lifts Full-Year Profit Outlook
Mar 17, 2026
Park24 said its U.K. subsidiary National Car Parks Limited has entered administration, prompting a restructuring of its U.K. parking business and the liquidation of the unit. As a result, the company expects to book about ¥25 billion in extra...
Park24 to Liquidate Key U.K. Holding Units as It Scales Back Overseas Parking Business
Mar 17, 2026
Park24 will liquidate two U.K.-based intermediate holding companies, PARK24 INTERNATIONAL LIMITED and MEIF II CP HOLDINGS 2 LIMITED, following a strategic review that found further investment in its U.K. parking business economically unviable. The...
Park24’s U.K. Parking Unit NCP Enters Administration After Prolonged Losses
Mar 16, 2026
Park24’s U.K. subsidiary National Car Parks has entered administration after its board resolved to commence insolvency proceedings under U.K. law and filed a notice with the High Court in London. The move follows years of structural losses d...
Park24 Grows Parking Network and Car-Sharing Membership Despite Margin Pressure
Mar 16, 2026
Park24 reported steady expansion in its domestic parking operations in February, with Times PARKING sales rising 9.2% year on year and the network reaching 19,878 sites and 712,283 spaces, a net monthly increase of 54 sites and 2,964 spaces. While...
Park24 Q1 FY2026 Sales Rise on Heavy Investment as Leverage Climbs
Feb 27, 2026
Park24 reported consolidated Q1 FY2026 net sales of ¥106.5 billion, up about 10% year on year, with operating profit roughly flat at ¥9.2 billion as rising costs compressed margins. Net profit attributable to owners of the parent recover...
Park24 Delivers Q1 Sales Growth, Affirms Strong Outlook and Higher Dividend
Feb 27, 2026
Park24 reported a 9.5% year-on-year rise in net sales to ¥106.5 billion for the first quarter ended January 31, 2026, while operating and recurring profit dipped slightly, and profit attributable to owners of parent climbed 12.2% to ¥5.8...
Park24 Expands Times PARKING Network as Car-Sharing Membership Surges
Feb 16, 2026
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 Decembe...
PARK24 to Dispose of Treasury Shares for Management Restricted Stock Compensation
Jan 29, 2026
PARK24 CO., LTD. has approved the disposal of 65,297 shares of its treasury stock as restricted stock compensation for internal directors, corporate officers, and directors of its subsidiaries, with a total disposal value of approximately ¥14...
Park24 Lowers Conversion Price on 2028 Zero Coupon Convertible Bonds After Extraordinary Dividend
Jan 29, 2026
Park24 Co., Ltd. has adjusted the conversion price of its Zero Coupon Convertible Bonds due 2028 from ¥2,471 to ¥2,433.7 per share, with the new price becoming effective on November 1, 2025. The adjustment is triggered by the payment of ...
PARK24 Confirms New Board and Executive Line-Up After Shareholders Meeting
Jan 29, 2026
PARK24 CO., LTD. has announced the post–shareholders meeting composition of its board of directors and corporate officers, confirming Koichi Nishikawa as President and Representative Director as well as President and CEO, alongside a slate o...
Park24 Expands Times PARKING Network and Grows Car-Sharing Membership in December
Jan 19, 2026
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 ...
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.