PARK24 Co (4666) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 FY2025 reached ¥295.9 billion, up 9.5% year-over-year, but recurring profit was ¥22.2 billion, missing the plan by ¥1.1 billion and operating profit fell 6.4%.

• Profit attributable to owners of parent dropped 32.1%, partly due to a leap year effect and a ¥3,323 million extraordinary loss from the termination of a retirement benefit plan at a UK subsidiary.

• Parking Business Japan showed steady growth, while Mobility Business was impacted by weak occupancy, adverse weather, and underperformance; international parking operations were mixed, with Australia underperforming.

• Performance was negatively impacted by the leap year, resulting in one fewer business day compared to the same period last year.

Financial highlights

• Operating profit for Q3 FY2025 was ¥24.9 billion, down ¥1.0 billion from the revised plan and 6.4% year-over-year.

• Profit attributable to owners of parent was ¥14.6 billion, a 4.4 billion yen decrease year-over-year.

• Net income per share decreased to ¥58.35 from ¥85.92 year-over-year.

• Gross profit increased to ¥74,207 million from ¥71,818 million year-over-year.

• Shareholders' equity increased to ¥98.3 billion, with a ratio of 31.8%.

• Total assets rose to ¥309.2 billion, up ¥13.5 billion from the end of FY2024.

Outlook and guidance

• Full-year plan was revised at the interim results; second-half forecast remains based on the original plan.

• Full-year net sales forecast is ¥406,000 million, up 9.5% year-over-year; operating profit projected at ¥39,000 million, recurring profit at ¥35,500 million, and profit attributable to owners of parent at ¥18,000 million (down 3.4% year-over-year).

• Net income per share for the full year is forecast at ¥105.48.

• Service expansion in the Mobility Business is on track to exceed the 10,000 vehicle addition target for the term.

• Pricing strategy for Times CAR will be revised from December 2025 to improve consistency and fairness.