Park24 reports strong fiscal 2025, lifts dividend, repays debt

Park24 Co. reported consolidated net sales of JPY406,168 million for the fiscal year ended October 31, 2025, a 9.5% increase year-over-year, with operating profit at JPY37,561 million. The company projects continued growth for fiscal 2026, forecasting net sales of JPY445,000 million and operating profit of JPY41,500 million. Reflecting this performance, Park24 resolved to pay an annual dividend of JPY30.00 per share for fiscal 2025, a significant increase from JPY5.00 in fiscal 2024.

In a strategic capital move, Park24 plans to reduce its legal capital surplus by JPY28,000,000,000, transferring the amount to other capital surplus to enhance distributable funds. This action follows a company split effective November 1, 2025, where its Parking Business International was transferred to TIMES24. Additionally, the company is making an early repayment of its JPY50 billion subordinated syndicated loan on December 30, 2025, leveraging improved financial health and aiming to reduce interest expenses.

Further strengthening its international presence, Park24 acquired all shares of MEIF II CP Holdings 2 Limited (CP2) from Development Bank of Japan Inc. for JPY29,282 million on December 10, 2025, making CP2 a wholly owned subsidiary. This move consolidates its UK parking business. The company also announced a new independent outside director candidate for its Audit and Supervisory Committee.