Nippon Parking Development Co., Ltd. (2353) AI Stock Analysis

• Market Cap: ¥90.42B
• Dividend Yield: 2.87%
• Average Volume (3M): 1.28M
• Price to Earnings (P/E): 18.4
• Beta (1Y): 0.57
• Revenue Growth: 12.66%
• EPS Growth: -6.51%
• Country: JP
• Employees: 1,082
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Infrastructure Operations
• EPS (TTM): 3.23
• Shares Outstanding: 348,398,600
• 10 Day Avg. Volume: 926,580
• 30 Day Avg. Volume: 1,276,943
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 66 Neutral
• Price Target: ¥296.00 ▲(9.23% Upside)

Nippon Parking Development Co., Ltd. has a strong financial foundation with consistent revenue growth and profitability. However, bearish technical indicators suggest weak momentum, which impacts the overall score. The valuation is fair, supported by a reasonable P/E ratio and attractive dividend yield.

Nippon Parking Development Co., Ltd. Business Overview & Revenue Model

Company Description

Nippon Parking Development Co., Ltd. (2353) is a leading company in Japan's parking management sector, specializing in the development, leasing, and operation of parking facilities. The company focuses on maximizing land utilization by providing efficient parking solutions in urban areas, catering to both individual and corporate clients. Its core services include the construction and management of multi-story parking lots, automated parking systems, and the implementation of parking management software to enhance user experience and operational efficiency.

How the Company Makes Money

Nippon Parking Development generates revenue primarily through the leasing and operation of parking spaces in its facilities. The company earns income from monthly parking fees charged to individuals and businesses, as well as hourly rates for short-term parking. Additionally, it may derive revenue from sales of parking management software and technology solutions to other operators. Key revenue streams also include partnerships with local governments and commercial entities for the development of parking infrastructure in high-demand areas, enhancing both visibility and accessibility of their services.

Nippon Parking Development Co., Ltd. Financial Statement Overview

Summary

Nippon Parking Development Co., Ltd. demonstrates strong profitability and operational efficiency, with impressive revenue and profit margins. The balance sheet is well-structured, though the absence of current cash flow data is a concern for liquidity.

Income Statement

Nippon Parking Development has demonstrated impressive revenue growth with a TTM revenue increase of 7.52% compared to the previous annual period. The gross profit margin stands strong at 39.87% for the TTM, supported by a solid net profit margin of 15.27%. These metrics highlight robust profitability. The EBIT margin of 20.92% and EBITDA margin of 26.08% further emphasize operational efficiency and sound financial health.

Balance Sheet

The company's balance sheet is solid, with a debt-to-equity ratio of 0.95, indicating a balanced approach to leveraging. The return on equity (ROE) is strong at 31.68% for the TTM, reflecting effective utilization of shareholder investments. The equity ratio is 38.04%, suggesting a balanced capital structure with a satisfactory level of equity financing.

Cash Flow

The cash flow statement presents challenges with no operating cash flow recorded for the TTM, impacting the calculation of key cash flow ratios. Historical data shows positive free cash flow growth, but the absence of recent cash flow figures is a concern for liquidity analysis.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	35.15B	36.83B	32.69B	31.86B	26.27B	23.79B
Gross Profit	14.02B	14.73B	12.67B	11.97B	9.74B	8.34B
EBITDA	9.17B	9.64B	8.32B	7.62B	5.77B	4.57B
Net Income	5.37B	4.80B	5.10B	4.41B	3.13B	2.34B
Balance Sheet
Total Assets	44.55B	49.98B	42.14B	29.01B	27.60B	28.71B
Cash, Cash Equivalents and Short-Term Investments	16.36B	21.66B	16.62B	11.05B	11.64B	13.46B
Total Debt	16.14B	18.63B	15.95B	7.91B	9.30B	11.43B
Total Liabilities	24.60B	27.11B	23.57B	15.06B	15.87B	17.98B
Stockholders Equity	16.95B	19.43B	15.86B	11.76B	9.91B	8.96B
Cash Flow
Free Cash Flow	0.00	3.71B	648.76M	1.90B	2.21B	1.09B
Operating Cash Flow	0.00	8.18B	6.20B	6.12B	3.94B	3.41B
Investing Cash Flow	0.00	-4.89B	-7.36B	-2.57B	-1.36B	-2.20B
Financing Cash Flow	0.00	1.20B	6.49B	-4.25B	-4.50B	-4.22B

Nippon Parking Development Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 271.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2353, the sentiment is Positive. The current price of 271 is below the 20-day moving average (MA) of 277.85, below the 50-day MA of 287.42, and above the 200-day MA of 243.88, indicating a neutral trend. The MACD of -2.88 indicates Negative momentum. The RSI at 46.76 is Neutral, neither overbought nor oversold. The STOCH value of 79.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2353.

Nippon Parking Development Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1852	80 Outperform	¥70.44B	13.94	―	4.29%	14.76%	7.06%
1871	77 Outperform	¥83.69B	10.37	―	4.91%	3.55%	36.89%
1982	74 Outperform	¥97.35B	14.56	―	2.29%	7.26%	29.33%
2353	66 Neutral	¥90.42B	18.41	28.11%	2.87%	12.66%	-6.51%
1950	66 Neutral	¥172.80B	11.98	―	3.20%	7.90%	35.67%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
4666	59 Neutral	$304.55B	22.03	16.74%	0.27%	10.53%	-17.65%

Nippon Parking Development Co., Ltd. Corporate Events

Nippon Parking Development Revamps Shareholder Benefits to Boost Engagement

Nippon Parking Development Co., Ltd. announced revisions to its shareholder benefit program to enhance stock attractiveness and encourage long-term shareholding. The changes include free admission tickets to theme parks and new discount options, aiming to deepen shareholder engagement and attract regular customers as shareholders.

Nippon Parking Development Expands Theme Park Business with Strategic Acquisition

Nippon Theme Park Development Co., Ltd., a subsidiary of Nippon Parking Development, has acquired shares in Izu Kanko Kaihatsu Co., Ltd., which operates the AMAGI TOKYU RESORT. This acquisition is part of Nippon’s strategy to expand its theme park business and contribute to regional revitalization through tourism. The company aims to leverage the resort’s location and amenities to stabilize revenue and promote Japan’s premium tourism assets globally, enhancing its industry positioning and stakeholder value.

Nippon Parking Development to Acquire Treasury Shares for Capital Efficiency

Nippon Parking Development Co., Ltd. announced a resolution to acquire up to 4,000,000 of its own shares, representing 1.25% of its total issued shares, with a maximum acquisition cost of JPY 1 billion. This move is intended to improve shareholder returns, enhance capital efficiency, and allow flexibility in capital policy amid changing business conditions.

Nippon Parking Development Revises Earnings Forecast Upward

Nippon Parking Development Co., Ltd. has revised its full-year earnings forecast for the fiscal year ending July 2025, reflecting an increase in operating and ordinary profit by 4.2% and profit attributable to owners by 2.1%. This adjustment is attributed to higher-than-expected visitor numbers at its ski resort facilities during the winter season, indicating a positive impact on the company’s financial performance and market positioning.

Nippon Parking Development Reports Strong Financial Growth and Revises Earnings Forecast

Nippon Parking Development Co., Ltd. reported a significant increase in its financial performance for the nine months ended April 30, 2025, with net sales rising by 13.3% and operating profit increasing by 23.6% compared to the previous year. The company also announced a revision to its full-year earnings forecast, indicating an optimistic outlook for the fiscal year ending July 31, 2025, despite a slight decrease in profit attributable to owners of the parent.

Nippon Parking Development Announces Parent Company Financial Results

Nippon Parking Development Co., Ltd. announced the finalized financial results for its unlisted parent company, Tatsumi Shoten Co., Ltd., for the fiscal year ended February 2025. Tatsumi Shoten, which engages in real estate leasing and equity investment, is wholly owned by Kazuhisa Tatsumi. This announcement highlights the financial transparency and governance structure of the parent company, which may impact stakeholders’ perceptions and the company’s strategic positioning in the market.