ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Consumer Services

Park24 Co., Ltd.

Business Summary

Park24 Co., Ltd. engages in the parking lot business. Its operations are carried out through the following business divisions: Parking Business, Mobility Business and Overseas Business. The Parking Business division provides hourly parking slots as well as a broad array of parking services such as facility management services for visitor parking of administrative authorities and hospitals, and the management of monthly parking services. The Mobility Business division provides the rent-a-car services, which offers convenient use of a vehicle for business and leisure; car sharing services, handy for daily use with charges in 15-minute increments; and road services, which deals with the accidents and vehicle troubles. The Overseas Business division engages in the management of parking business in seven countries and areas around the world. The company was founded on August 26, 1971 and is headquartered in Tokyo, Japan.

Financial Highlights

Oct 2020 JPYUSD
Gross Profit30,559M284.06M
Operating income-15,246M-141.72M
Income before tax-49,192M-457.27M
Net income-46,652M-433.66M
Diluted EPS-301.99-2.80
Dividends Per Share00
Total Assets295,775M2,829.29M
Total liabilities264,625M2,531.32M
Total equity31,146M297.93M
Operating cash flow39,400M366.25M
Currency in JPYCurrency in USD

Historical Data

 Oct 2016Oct 2017Oct 2018Oct 2019Oct 2020
Revenue 194,398M 232,956M 298,517M 317,438M 268,904M
Gross Profit 51,961M 58,216M 67,668M 73,283M 30,559M
Operating income 21,454M 20,506M 22,540M 22,322M -15,246M
Income before tax 21,078M 20,230M 21,767M 19,345M -49,192M
Net income 13,963M 13,440M 13,851M 12,348M -46,652M
EBITDA 43,386M 45,729M 53,176M 55,767M 24,680M
Diluted EPS 90.35 86.86 84.43 75.27 -301.99
Dividends Per Share 65 70 70 70 0
Total Assets 152,939M 259,852M 283,171M 293,097M 295,775M
Total liabilities 79,665M 181,045M 188,320M 202,302M 264,625M
Total equity 73,270M 78,412M 94,572M 90,571M 31,146M
Operating cash flow 39,627M 38,290M 53,476M 45,695M 39,400M
 Oct 2016Oct 2017Oct 2018Oct 2019Oct 2020
Revenue 1,762.27M 2,079.41M 2,702.51M 2,895.66M 2,499.67M
Gross Profit 471.04M 519.64M 612.60M 668.48M 284.06M
Operating income 194.48M 183.04M 204.05M 203.62M -141.72M
Income before tax 191.07M 180.57M 197.05M 176.46M -457.27M
Net income 126.57M 119.96M 125.39M 112.63M -433.66M
EBITDA 393.30M 408.18M 481.40M 508.70M 229.41M
Diluted EPS 0.81 0.77 0.76 0.68 -2.80
Dividends Per Share 0.58 0.62 0.63 0.63 0
Total Assets 1,455.38M 2,286.82M 2,509.15M 2,711.22M 2,829.29M
Total liabilities 758.10M 1,593.28M 1,668.68M 1,871.34M 2,531.32M
Total equity 697.24M 690.06M 837.99M 837.80M 297.93M
Operating cash flow 359.22M 341.78M 484.12M 416.82M 366.25M

Valuation Measures

Oct 2020
Operating margin-5.66%
Profit margin-17.34%

Key executives

  • Executive President & Representative Director: Koichi Nishikawa
  • Executive Officer & Senior GM-Operations: Yoichi Mitsunaka
  • Director, Head-ICT & Information Management: Norifumi Kawakami
  • Director & Senior Manager-Compliance: Shingo Yamanaka
  • Executive Officer & GM-Business Administration: Kazuyoshi Yamasawa


  • NISHIKAWA FAMILY /PARK 24/ (14.0%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (4.2%)
  • Nomura Asset Management Co., Ltd. (2.6%)
  • The Nippon Signal Co., Ltd. (2.4%)
  • Baillie Gifford & Co. (1.8%)
  • The Vanguard Group, Inc. (1.6%)
  • ASAI CHITOSE (1.6%)

Contact Details

  • Website:
  • Address: 2-20-4 Nishi-Gotanda, Shinagawa-Ku, Tokyo, 141-8924, Japan
  • Phone: +81.3.3491.8924

Related Companies

  • Times Support Co., Ltd.
  • Park24 Business Support Co., Ltd.
  • Park24 UK Ltd.
  • NCP Empire No. 3 Ltd.
  • Times Innovation Capital Godo Kaisha
  • Park24 Australia Pty Ltd.
  • Park24 Singapore Pte Ltd.
  • Park24 Malaysia Sdn. Bhd.
  • Park24 Taiwan Co., Ltd.
  • Secure Parking Pty Ltd.
  • Times24 Co., Ltd.
  • Times Communication Co., Ltd.
  • Times Service Co., Ltd.
  • ITS Business Applications, Inc.
  • NCP Ltd.
  • Times Mobility Networks Co., Ltd.


  • AJ Networks Co., Ltd.
Last Updated on 2 Dec, 2021

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more