Nippon Parking Development posts mixed Q1 as subsidiary acquires real estate

Nippon Parking Development Co. reported its consolidated financial results for the first quarter of the fiscal year ending July 31, 2026. Net sales increased by 4.9% year-on-year to JPY 9,206 million, while operating profit decreased by 1.8% to JPY 1,928 million. Ordinary profit rose by 3.8% to JPY 2,047 million, but profit attributable to owners of parent saw a slight decrease of 0.4% to JPY 1,378 million.

The company's subsidiary, Nippon Themedpark Development Co. (NTD), is acquiring NX Real Estate Co., Ltd., making it a second-tier subsidiary. The acquisition involves 480,000 shares, representing 100% ownership, with the transaction expected to close by November 1, 2026. NX Real Estate, established in 1960 and previously owned by Nippon Express Holdings, Inc., specializes in villa land management and solar power generation in the Izu-Nirayama area.

This acquisition is part of NTD's strategy to expand its tourism-focused regional revitalization model beyond its existing operations, such as Nasu Highland Park. Despite the significant acquisition, Nippon Parking Development stated that this matter will not impact its non-consolidated or consolidated results for the fiscal year ending July 2026.