Park24 Co Ltd (JP:4666)
:4666
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Park24 Co
(4666)
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Rating:68Neutral
Price Target:
¥2,357.00
▲(25.04% Upside)
Action:Reiterated
Date:06/17/26
The score is driven by mixed fundamentals: profitability is sustained but recent revenue decline, margin compression, leverage, and weakening free cash flow reduce the financial performance score. Offsetting this, technicals are broadly supportive with price above major moving averages, and valuation is attractive with a low P/E and a modest dividend yield.
Positive Factors
Strong parking & mobility platform
Park24’s integrated Times parking network and mobility services create recurring, usage-based revenue streams across parking, car sharing and rentals. Network scale and brand recognition support durable demand, cross-selling and operational efficiencies that sustain cash flow over years.
Negative Factors
Elevated leverage
Debt-to-equity around 2.34 indicates materially elevated leverage, limiting financial flexibility. High leverage raises refinancing and interest-rate risks, constrains capacity for capital expenditures or acquisitions, and makes the company more sensitive to cyclical demand drops.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong parking & mobility platform
Park24’s integrated Times parking network and mobility services create recurring, usage-based revenue streams across parking, car sharing and rentals. Network scale and brand recognition support durable demand, cross-selling and operational efficiencies that sustain cash flow over years.
Read all positive factors
Park24 Co (4666) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥352.29B
Dividend Yield1.45%
Average Volume (3M)993.09K
Price to Earnings (P/E)8.7
Beta (1Y)0.81
Revenue Growth6.85%
EPS Growth177.94%
CountryJP
Employees5,502
SectorIndustrials
Sector Strength72
IndustryIndustrial - Infrastructure Operations
Share Statistics
EPS (TTM)237.83
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
¥2,850.00Price Target Upside51.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)187.81
Revenue Forecast (FY)¥415.73B
Park24 Co Business Overview & Revenue Model
Company Description
PARK24 Co., Ltd. is a Japanese firm that manages and operates parking facilities both domestically and globally. The company's operations are divided into three primary segments: Parking Business Japan, Parking Business Overseas, and Mobility Busi...
How the Company Makes Money
Park24 primarily generates revenue through (1) Parking Business: fees collected from users of its time-based parking facilities (e.g., hourly or short-stay parking) and related services tied to parking operations; and (2) Mobility Business: usage-...
Park24 Co Earnings Call Summary
Earnings Call Date:Jun 14, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:Sep 22, 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
68
Positive
Balance Sheet
56
Neutral
Cash Flow
49
Neutral
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 415.05B | 406.17B | 370.91B | 330.12B | 290.25B | 251.10B |
| Gross Profit | 107.78B | 104.24B | 102.07B | 89.63B | 70.59B | 40.73B |
| EBITDA | 75.89B | 68.50B | 71.13B | 61.06B | 49.43B | 28.38B |
| Net Income | 40.59B | 15.92B | 18.63B | 17.54B | 2.48B | -11.66B |
Balance Sheet | ||||||
| Total Assets | 344.25B | 354.38B | 295.70B | 308.16B | 307.63B | 319.63B |
| Cash, Cash Equivalents and Short-Term Investments | 30.39B | 80.47B | 48.73B | 73.96B | 85.78B | 92.04B |
| Total Debt | 164.75B | 172.64B | 143.98B | 170.72B | 194.91B | 229.49B |
| Total Liabilities | 233.61B | 256.18B | 217.55B | 249.74B | 267.58B | 303.19B |
| Stockholders Equity | 110.63B | 98.19B | 78.14B | 58.42B | 40.04B | 16.43B |
Cash Flow | ||||||
| Free Cash Flow | 9.54B | 21.88B | 26.73B | 26.57B | 16.24B | 22.41B |
| Operating Cash Flow | 63.05B | 62.47B | 55.44B | 49.67B | 29.37B | 34.82B |
| Investing Cash Flow | -59.89B | -46.06B | -37.56B | -25.66B | -17.36B | -12.35B |
| Financing Cash Flow | -24.06B | 14.83B | -42.51B | -35.63B | -20.12B | 13.17B |
Park24 Co Technical Analysis
Positive
1885.00
Price Trends
1885.59
Positive
1963.90
Positive
1954.78
Positive
Market Momentum
58.13
Negative
60.97
Neutral
48.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4666, the sentiment is Positive. The current price of 1885 is below the 20-day moving average (MA) of 1937.10, below the 50-day MA of 1885.59, and below the 200-day MA of 1954.78, indicating a bullish trend. The MACD of 58.13 indicates Negative momentum. The RSI at 60.97 is Neutral, neither overbought nor oversold. The STOCH value of 48.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥80.30B | 14.93 | 29.70% | 3.04% | 9.61% | -2.43% | |
68 Neutral | ¥352.29B | 8.69 | 18.49% | 1.45% | 6.85% | 177.94% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥457.21B | 15.64 | 15.15% | 2.25% | 7.37% | 6.19% | |
62 Neutral | ¥572.23B | 11.32 | 13.92% | 1.50% | 4.11% | -30.52% | |
58 Neutral | ¥428.53B | 10.13 | 9.06% | 2.62% | 9.72% | 3.53% | |
58 Neutral | ¥593.09B | 15.31 | 8.51% | 2.96% | -0.94% | -26.46% |
* Industrials Sector Average
JP:4666
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Park24 Co Corporate Events
Park24 Expands Domestic Parking and Car-Sharing as It Restructures Overseas Operations
Jun 15, 2026
Park24 Co. reported continued growth in its domestic parking operations, with total Times PARKING sites in Japan rising to 20,172 and spaces to 742,169 as of the end of May, a net monthly increase of 65 sites and 1,517 spaces. Times PARKING net sa...
Park24 to Reintroduce Shareholder Benefits Tied to Times CAR Service
Jun 15, 2026
Park24 has resolved to reintroduce its shareholder benefit program, which was suspended after the fiscal year ended October 31, 2020, in order to reward investors, deepen understanding of its mobility services and encourage medium- to long-term sh...
Park24 Books One-Off Losses and Tax Gain, Lifts Full-Year Profit Outlook
Jun 15, 2026
Park24 has booked extraordinary losses tied to a restructuring of its U.K. parking business and the sale of its Singapore parking subsidiary, recognizing ¥8.7 billion in reorganization losses and ¥3.3 billion on the sale of shares. At th...
Park24 Lifts Profitability and Investment as It Revises FY2026 Outlook
Jun 15, 2026
Park24 reported solid year-on-year gains for the first half of fiscal 2026, with net sales, operating profit and EBITDA all increasing, while revising its full-year plan to higher revenue and profit targets. Profitability indicators such as gross ...
Park24 Profit Soars on Strong First-Half Results and Higher Full-Year Outlook
Jun 15, 2026
Park24 reported consolidated net sales of ¥202.3 billion for the first half of the fiscal year ending October 31, 2026, up 4.6% year on year, with operating profit rising 9.6% to ¥17.3 billion and recurring profit up 13.0% to ¥15.7 ...
Park24 Expands Times Parking and Car-Sharing Network as Domestic Growth Accelerates
May 19, 2026
Park24 reported continued expansion in its domestic parking operations, with the total number of parking sites in Japan rising to 27,339 and spaces to 907,554 by April, driven mainly by growth in Times PARKING. The Times PARKING network reached 20...
Park24 expands Times PARKING network as car-sharing membership surges
Apr 15, 2026
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 can...
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...
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.