Park24 secures ¥45 bn in new bank financing for strategic growth

Park24 Co., Ltd. announced its board of directors resolved to secure ¥45 billion in new bank borrowings, with a borrowing execution date of November 28, 2025. This financing, comprising ¥35 billion in long-term loans and a ¥10 billion short-term borrowing limit, will support growth investments and financial events outlined in the company's FY2027 Medium-term Management Plan. The funds will be allocated towards expanding its four core networks: members, mobility, destinations, and parking, as well as enhancing service evolution.

The long-term loans include ¥20 billion from Sumitomo Mitsui Banking Corporation, ¥2 billion from The 77 Bank, and contributions from eight other financial institutions, with borrowing periods of either four or five years at a fixed base rate plus a spread. The short-term borrowing limit of ¥10 billion from Sumitomo Mitsui Banking Corporation will be at Tibor plus a spread. Park24 confirmed these borrowings are expected to cover all financing needs for the FY2027 Medium-term Management Plan.

The company stated the borrowings would not materially impact its consolidated results for the fiscal year ending October 31, 2025, with only a minor effect expected for the fiscal year ending October 31, 2026. Park24 plans to disclose its consolidated results forecast for the fiscal year ending October 31, 2026, on December 15, 2025.