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Japan's largest parking lot operator (Times brand), also running car-sharing and car-rental services.
Japan's largest parking lot operator (Times brand), also running car-sharing and car-rental services.
Mostly leases small plots of land, installs payment machines and keeps the hourly or daily parking fees, paying the landowner rent, so occupancy of its lots and rent levels set profit. It also runs lots under management contracts, and car-sharing is a growing sideline.
In one line: A Japanese SP+ (parking) combined with Zipcar.
Moat: narrow (scale, installed base, network effects). Largest network of parking locations in Japan creates convenience and site-acquisition advantages.
Headquarters: Nagoya, Japan · Founded: 1965 · Employees: 5,734
Size Park24 (4666.T) is a Japan Consumer Discretionary company (Other Consumer Services) with a market value of $1.93B, the 500th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,784 on 6 Nov 2026.
Performance Over six months the shares fell 2.4%, against -11.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 4.5% over the last twelve months (peer median +8.6%); the operating margin is 10.0% (peer median 13.3%).
Valuation It trades at 6.8× forward earnings against a peer median of 11.4× (2nd cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.2 points above its cost of capital (5.0% WACC).
Next results Next results expected around 21 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥414B | ¥406B | ¥371B | ¥330B | ¥290B |
| Revenue growth | — | +10% | +12% | +14% | — |
| Gross profit | ¥111B | ¥104B | ¥102B | ¥89.6B | ¥70.6B |
| EBITDA | ¥80.6B | ¥74.4B | ¥73.9B | ¥63.5B | ¥52.2B |
| Net income | ¥42.3B | ¥15.9B | ¥18.6B | ¥17.5B | ¥2.48B |
| Free cash flow | ¥6.64B | ¥21.9B | ¥26.7B | ¥26.6B | ¥16.2B |
| Capital expenditure | ¥63.7B | ¥45.6B | ¥36.1B | ¥29.1B | ¥17.1B |
| Total debt | ¥172B | ¥173B | ¥144B | ¥171B | ¥195B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Park24 4666.T | $1.93B | -2% | +4% | 10% | 6.8× | -5.2% |
| Nippon Parking Development 2353.T | $527M | +8% | +11% | 21% | 13.8× | -7.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 4666.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.3% | +3.4% | 10th lowest of 21 |
| 6-month return | -2.4% | -11.4% | 10th highest of 21 |
| Distance from 52-week high | -23.4% | -28.4% | 8th highest of 21 |
| Revenue growth (TTM) | +4.5% | +8.6% | 9th lowest of 21 |
| Operating margin | 10.0% | 13.3% | 9th lowest of 21 |
| Forward P/E | 6.8× | 11.4× | 2nd cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -5.2% | 6.9% | 5th least demanding of 17 |
| Growth delivered (Del g) | +8.6% | +15.4% | 4th lowest of 17 |
| Hurdle (Req g minus delivered) | -13.8 pp | -18.5 pp | 8th most demanding of 17 |
| ROIC minus cost of capital | +6.2 pp | +2.7 pp | 7th highest of 20 |
| EV / EBITDA | 5.5× | 8.3× | 6th cheapest of 17 |
| Net debt / EBITDA | 1.8× | 1.1× | 8th most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Park24 4666.T | Japan | $1.93B | -2% | +4% | 10% | 6.8× | -5.2% | +8.6% |
| Driven Brands DRVN | United States | $1.96B | -11% | -11% | 15% | 9.6× | 3.3% | +15.5% |
| Flight Centre Travel FLT.AX | Australia | $1.72B | +17% | +3% | 7% | 11.4× | 8.5% | +48.5% |
| Perdoceo Education PRDO | United States | $1.68B | -25% | +12% | 25% | 9.1× | -16.0% | +4.2% |
| Saga SAGA.L | United Kingdom | $1.67B | +56% | +37% | 16% | 18.6× | 12.6% | +14.3% |
| Basic-Fit BFIT.AS | Netherlands | $2.23B | +2% | +18% | 12% | 22.0× | 6.5% | +30.4% |
| Changbai Mountain Tourism 603099.SS | China | $1.54B | +8% | +2% | 20% | 71.9× | 15.4% | +39.7% |
| Boyd Group Services BYD.TO | Canada | $2.48B | -24% | +16% | 5% | 22.1× | 9.4% | +16.0% |
| Peloton Interactive PTON | United States | $2.50B | -1% | -2% | 9% | 18.7× | 7.2% | -9.5% |
| Shoucheng 0697.HK | Hong Kong | $1.33B | -27% | -1% | 16% | 15.5× | 21.2% | +15.3% |
| AcadeMedia ACAD.ST | Sweden | $1.22B | +20% | +8% | 7% | 9.9× | -1.8% | +8.7% |
| OneSpaWorld OSW | United States | $3.12B | +25% | +10% | 10% | 24.5× | 19.5% | +51.4% |
| Stride LRN | United States | $3.15B | -15% | +2% | 19% | 9.5× | -19.1% | +10.4% |
| Ferrotec (An Hui) Technology Development 301297.SZ | China | $3.21B | -30% | +37% | 10% | n/a | n/a | n/a |
| Strategic Education STRA | United States | $1.16B | -35% | +4% | 16% | 7.9× | -12.6% | +4.3% |
| Zhang Jia Jie Tourism 000430.SZ | China | $1.15B | -22% | +20% | -81% | n/a | n/a | n/a |
| Tongcheng Travel 0780.HK | Hong Kong | $3.38B | -37% | +15% | 17% | 6.1× | -15.0% | +25.8% |
| CATARC Automotive Proving Ground 301215.SZ | China | $1.10B | -12% | +23% | 43% | n/a | n/a | n/a |
| Jet2 JET2.L | United Kingdom | $3.61B | +34% | +4% | 6% | 11.1× | n/a | n/a |
| Covista CVSA | United States | $3.67B | -18% | +9% | 20% | 12.0× | -3.7% | +16.6% |
| Marriott Vacations Worldwide VAC | United States | $3.80B | +43% | +5% | 11% | 11.4× | 7.7% | +11.8% |