PARK24 CO., LTD.
4666・Prime Market・Real Estate
Domestic Parking Business
Core domestic parking operations segment. Continues stable growth as the group's main revenue pillar.
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (including inter-segment internal sales) | ¥105,150 million (H1 FY2026, ending March 2026) | ¥96,391 million (H1 FY2025, ending March 2025) | ↑ |
| Operating income | ¥18,060 million (H1 FY2026, ending March 2026) | ¥17,317 million (H1 FY2025, ending March 2025) | ↑ |
| Number of Times Parking locations | 20,107 locations (end of H1 FY2026, ending March 2026) | 19,679 locations (end of FY2025, ending March 2025) | ↑ |
| Number of Times Parking spaces | 740,652 spaces (end of H1 FY2026, ending March 2026) | 697,375 spaces (end of FY2025, ending March 2025) | ↑ |
| Total number of parking lots operated | 27,339 locations (end of H1 FY2026, ending March 2026) | 27,151 locations (end of FY2025, ending March 2025) | ↑ |
| Total number of parking spaces operated | 907,554 spaces (end of H1 FY2026, ending March 2026) | 881,545 spaces (end of FY2025, ending March 2025) | ↑ |
Business Details
Provides hourly and monthly rental parking services through three formats: sublease contracts for idle land and facility-attached parking, managed parking contracts, and self-owned properties. Expands the network centered on the Times Parking brand under the "small-scale, distributed, and dominant" strategy. Promotes the construction and rollout of next-generation parking services utilizing the in-house developed payment machine Times Tower (In-house Developed Payment Machine) and license plate recognition cameras, aiming to advance cashless operations and improve convenience.
Recent Overview
Occupancy remained solid; 806 locations developed in H1, accelerating the shift to cashless-only.
In H1 FY2026 (ending March 2026) (November 2025 to April 2026), parking occupancy trended firmly. In network expansion, newly established parking lots have in principle been cashless-payment only since the start of this half, with 806 locations developed. For existing parking lots as well, the conversion to next-generation parking utilizing the in-house developed payment machine Times Tower and license plate recognition cameras is accelerating. Revenue increased 9.1% year on year to ¥105,150 million, and operating income increased 4.3% year on year to ¥18,060 million, achieving both higher revenue and higher profit.
Key Products
Growth Drivers
- Accelerating the shift to next-generation parking services by making newly established parking lots cashless-payment only
- Continued network expansion of Times Parking (806 locations developed in this half)
- Improved convenience for entry, exit, and payment and cost efficiency through use of Times Tower and license plate recognition cameras
- Incorporation of parking lots under other brands through the establishment and rollout of Times Platform Service (TPL)
- Stable occupancy maintained against the backdrop of a chronic supply-demand gap in domestic parking
Risks
- Risk of increased sublease contract costs due to rising land prices and rents
- Increased capital investment in parking facilities (such as EV charger installation) associated with EV adoption
- Increased operating costs due to rising labor and energy costs
- Risk of a sharp decline in parking occupancy due to natural disasters, infectious diseases, etc.
- System failure and security risks associated with investment in cashless and digital transformation
Last updated: January 28, 2026