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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 times 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 a rent-a-car service, which offers convenient use of a vehicle for business and leisure; a car sharing service, handy for daily use with charges in 15-minute increments; and a road service, which deals with accidents and vehicle troubles. The Overseas Business division operating a 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 2018 JPYUSD
Revenue298,517M2,702.51M
Gross Profit67,668M612.60M
Operating income22,540M204.05M
Income before tax21,767M197.05M
Net income13,851M125.39M
EBITDA53,176M481.40M
Diluted EPS84.430.76
Dividends Per Share700.63
Total Assets283,171M2,509.15M
Total liabilities188,320M1,668.68M
Total equity94,572M837.99M
Operating cash flow53,476M484.12M
Currency in JPYCurrency in USD

Historical Data

 Oct 2014Oct 2015Oct 2016Oct 2017Oct 2018
Revenue 167,022M 179,698M 194,398M 232,956M 298,517M
Gross Profit 42,944M 45,674M 51,961M 58,216M 67,668M
Operating income 17,554M 18,730M 21,454M 20,506M 22,540M
Income before tax 17,123M 18,486M 21,078M 20,230M 21,767M
Net income 10,388M 11,549M 13,963M 13,440M 13,851M
EBITDA 36,380M 39,266M 43,386M 45,729M 53,176M
Diluted EPS 67.63 75.01 90.35 86.86 84.43
Dividends Per Share 50 55 65 70 70
Total Assets 135,293M 145,462M 152,939M 259,852M 283,171M
Total liabilities 75,103M 79,580M 79,665M 181,045M 188,320M
Total equity 60,190M 65,882M 73,270M 78,412M 94,572M
Operating cash flow 33,101M 35,155M 39,627M 38,290M 53,476M
 Oct 2014Oct 2015Oct 2016Oct 2017Oct 2018
Revenue 1,618.06M 1,492.87M 1,762.27M 2,079.41M 2,702.51M
Gross Profit 416.03M 379.44M 471.04M 519.64M 612.60M
Operating income 170.05M 155.60M 194.48M 183.04M 204.05M
Income before tax 165.88M 153.57M 191.07M 180.57M 197.05M
Net income 100.63M 95.94M 126.57M 119.96M 125.39M
EBITDA 352.44M 326.20M 393.30M 408.18M 481.40M
Diluted EPS 0.65 0.62 0.81 0.77 0.76
Dividends Per Share 0.48 0.45 0.58 0.62 0.63
Total Assets 1,206.84M 1,205.40M 1,455.38M 2,286.82M 2,509.15M
Total liabilities 669.93M 659.45M 758.10M 1,593.28M 1,668.68M
Total equity 536.90M 545.94M 697.24M 690.06M 837.99M
Operating cash flow 320.67M 292.05M 359.22M 341.78M 484.12M

Valuation Measures

Oct 2018
PER32.33
ROA5.10%
ROE16.01%
Operating margin7.55%
Profit margin4.63%

Key executives

  • Executive President & Representative Director: Koichi Nishikawa
  • Executive Officer & Senior GM-Operations: Yoichi Mitsunaka
  • Director & Executive Officer: Keisuke Kawasaki
  • Director & Managing Executive Officer: Norifumi Kawakami

Shareholders

  • NISHIKAWA FAMILY /PARK 24/ (14.0%)
  • Asset Management One Co., Ltd. (6.5%)
  • Nomura Asset Management Co., Ltd. (5.3%)
  • NISHIKAWA KOICHI /PARK 24/ (5.2%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (4.9%)
  • NISHIKAWA ISAO (3.9%)
  • Harding Loevner LP (3.7%)
  • The Nippon Signal Co., Ltd. (2.4%)
  • Norges Bank Investment Management (2.1%)
  • NISHIKAWA KYOKO (2.0%)

Contact Details

  • Website:http://www.park24.co.jp
  • Address: 2-7-1 Yuraku-cho, Chiyoda-Ku, Tokyo, 100-8424, Japan
  • Phone: +81.3.3213.8900

Related Companies

  • 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.
  • Taiwan Park 24 Parking Co. Ltd.
  • Times24 Co., Ltd.
  • Times Communication Co., Ltd.
  • Times Rescue Co., Ltd.
  • Times Service Co., Ltd.
  • ITS Business Applications, Inc.
  • NCP Ltd.
  • Times Mobility Networks Co. Ltd.

Competitors

    Last Updated on 18 Oct, 2019

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