Park24 reorganizes international parking arm, reports mixed Q3 results

Park24 Co., Ltd. announced the transfer of its Parking Business International to its wholly-owned subsidiary, TIMES24 Co., Ltd., effective November 1, 2025. This move aims to enhance group synergies by sharing expertise and accelerating the development of localized parking facilities. It also intends to reinforce internal controls and prevent recurrence of reporting inaccuracies in overseas operations.

Concurrently, Park24 reported consolidated financial results for the first nine months ended July 31, 2025. Net sales increased by 9.5% to JPY 295,915 million, driven by strong performance in Parking Business Japan and growth in Mobility Business. However, operating profit declined by 6.4% to JPY 24,914 million, and profit attributable to owners of parent fell by 32.1% to JPY 9,956 million. This was partly due to an extraordinary loss of JPY 3,323 million from the termination of a retirement benefit plan at its UK subsidiary.

The company maintains its full-year consolidated earnings forecast for the fiscal year ending October 31, 2025, projecting net sales of JPY 406,000 million and profit attributable to owners of parent of JPY 18,000 million.