NIPPON PARKING DEVELOPMENT Co.,Ltd.

Business Details

The segment operates a directly-managed business that leases idle parking lots from life insurance companies, building owners, and others to operate as monthly or hourly parking, a leasing business that attracts high-quality users, a management business providing staffed management and valet services, and a monthly rental car business with attached parking. It operates 1,630 properties (49,243 spaces) domestically and 50 properties (14,253 spaces) overseas (Thailand) as of the end of April 2026. It maintains the No. 1 listing count on "Nihon Chusha-jo Kensaku" (Japan Parking Lot Search), a monthly parking search site, leveraging its strength in providing solutions to both owners and users.

Recent Overview

Both net sales and operating profit reached record highs for the 9-month cumulative period, with new domestic properties accelerating to a net increase of 118

For the nine months ended April 2026 (August 2025 to April 2026) of FY2026 (ending July 2026), Parking Business net sales were ¥14,221 million (up 7.4% year on year) and operating profit was ¥3,613 million (up 10.7% year on year), both record highs. Domestically, there were 168 new contracts and 50 cancellations, resulting in a net increase of 118 properties (a substantial acceleration from a net increase of 76 in the same period last year). In Thailand, operation of the monthly-only directly operated property "Ascott Embassy Sathorn Bangkok" commenced. The Korean business has already been exited, and overseas operations are now concentrated solely in Thailand. Expansion of ancillary services such as car washing and coating also progressed.

Key Products

Growth Drivers

• Accelerated net increase in new domestic properties driven by enhanced sublease proposals for parking lots attached to condominiums for sale and rent (net increase of 118 properties for the 9-month cumulative period, a substantial rise from 76 properties in the same period last year)
• Continued No. 1 listing count on the "Nihon Chusha-jo Kensaku" monthly parking search site and increased inquiries driving higher contract conversion, along with an automated follow-up system for latent demand
• Increased orders and expanded scope of high-value-added services (valet, bell, door, car wash) for affluent customers, driven by rising inbound visitor numbers and increased domestic hotel openings
• Development of new monthly-only directly operated properties in Thailand and measures to maintain/improve occupancy at existing properties (single-day rental coupons, promotions ahead of extended holidays, etc.)
• Creation of revenue opportunities beyond parking fees through expansion of "plus-one" ancillary services such as car washing, coating, and luggage storage

Risks

• With the liquidation of the Korean subsidiary completed, the overseas business is now concentrated solely in Thailand, creating a structure in which Thailand's economic and political risks directly affect performance (the number of monthly-only directly operated properties in Thailand fell to 80.0% of the prior-year period)
• Although the domestic monthly-only directly operated property contract rate is improving at 93.7% (end of April 2026), vacancy risk at subleased properties could still pressure earnings
• A shortage of personnel in the staffed management/valet service field poses a risk constraining both service quality maintenance and new order intake
• Risk of a temporary decrease in the number of operated properties due to equipment renewal by owners amid increasing demand for repair and rebuilding of mechanical multi-level parking structures
• Foreign exchange risk affecting yen-denominated earnings from the Thailand business amid continued yen depreciation