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Car-sharing drives up profit for Japan market leader Park24

Corporate customers keep rentals busy as parking operator aggressively adds hubs

Japan's Park24 leads the domestic market in both car-share memberships and the number of paid parking spaces.

TOKYO -- Car-sharing services likely lifted pretax profit 5% on the year for parking lot operator Park24 in the six months through April, as growing numbers of business users kept the Japanese market leader's rental cars running more often.

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