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Overview

Real Estate

PARK24 Co.,Ltd.

Park24 is Japan's largest parking lot operator and a world-leading parking services provider, offering time-based and monthly parking through sublease and management contracts under the 'Times Parking' brand across approximately 1.37 million parking spaces. The company also operates 'Times Car,' a nationwide mobility service integrating car-sharing and rental car functions across approximately 80,000 vehicles, complemented by membership services for roughly 13.13 million Times Club members. Beyond Japan, the group operates parking services in six overseas markets including the UK, Australia, New Zealand, Singapore, Malaysia, and Taiwan.

Market Cap

¥310B

US$1.98B

¥415B

US$2.65B

Stock¥1,814.5▲+1.31%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

5.2

LTM EV/EBIT

10.0

LTM PER

7.3

LTM PBR

2.6

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-21.7%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Mar 2, 26Disappointment in management's activist response

2Mar 18, 26Activist investor demands management reform

3Mar 19, 26Disappointment in shareholder return details

4Mar 24, 26Rise on enhanced shareholder return policy

5Jun 16, 26Q2 FY2026/10 earnings announced

MC → EV Bridge

AI Briefing

Generating insights…

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

46%

54%

EquityD/E 1.16xDebt

Liquidity vs Debt 5Y (¥B)▼ Net Debt

CashInv. Sec.Debt

Shareholders

Top 10 hold 51.7%

as of 2026-04-30 · Source: Annual Securities Report

Senju Limited Company

12.70%

The Master Trust Bank of Japan, Ltd. (Trust Account)

11.70%

Custody Bank of Japan, Ltd. (Trust Account)

4.90%

Koichi NISHIKAWA

4.80%

GIC PRIVATE LIMITED-C (Standing Proxy: MUFG Bank, Ltd.)

4.40%

Isao NISHIKAWA

3.60%

UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT (Standing Proxy: Citibank, N.A., Tokyo Branch)

2.90%

MISAKI ENGAGEMENT MASTER FUND (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)

2.50%

THE CHASE MANHATTAN BANK, N.A. LONDONSECS LENDING OMNIBUS ACCOUNT (Standing Proxy: Mizuho Bank, Ltd.)

2.10%

GOLDMAN SACHS INTERNATIONAL (Standing Proxy: Goldman Sachs Japan Co., Ltd.)

2.10%

Management

8 officers

Koichi NISHIKAWA

Representative Director, President and CEO

Apr 1989 Joined AMADA Co., Ltd. Nov 1993 Joined the Company Jan 1994 Director of the Company Jan 1998 Managing Director of the Company Nov 2000 Representative Director, President, Times 24 Co., Ltd. (now Times Service Co., Ltd.) Jan 2004 Representative Director, President of the Company Jun 2006 Representative Director, President, Senju Limited Company (current) Mar 2009 Representative Director, Chairman, Matsuda Rent-a-Car Co., Ltd. (now Times Mobility Co., Ltd.) Dec 2010 Representative Director, President, Times 24 Co., Ltd. (current) Feb 2018 Director, NATIONAL CAR PARKS LIMITED Nov 2019 Representative Director, Chairman, Times Mobility Co., Ltd. (current) Jan 2025 Representative Director, President and CEO of the Company (current)

1964-10-13

Norifumi KAWAKAMI

Director, Senior Managing Executive Officer, CIO

Mar 1986 Joined Fujitsu F.I.P. Co., Ltd. Oct 1989 Joined Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) May 1999 Joined A.T. Kearney K.K. Oct 2003 Joined the Company Nov 2007 Executive Officer of the Company Jan 2013 Director, Executive Officer of the Company Jan 2017 Director, SECURE PARKING PTY LTD (current) Aug 2017 Director, NATIONAL CAR PARKS LIMITED Nov 2018 Director, Managing Executive Officer of the Company Nov 2019 Representative Director, President, Times Mobility Co., Ltd. (current) Nov 2022 Director, Senior Managing Executive Officer, Times 24 Co., Ltd. (current) Jan 2024 Director, Senior Managing Executive Officer of the Company Jan 2025 Director, Senior Managing Executive Officer, CIO of the Company (current) Nov 2025 Representative Director, President, Times Service Co., Ltd. (current)

1965-04-21

Takao JITSUKI

Director, Managing Executive Officer, CFO

Oct 1995 Joined Asahi Audit Corporation (now Azsa LLC) Jul 2000 Joined Merrill Lynch Japan Securities Co., Ltd. (now BofA Securities Japan Co., Ltd.) Jul 2007 Joined Lehman Brothers Securities Co., Ltd. Jan 2009 Joined PricewaterhouseCoopers Limited, Hong Kong Apr 2011 Joined Merrill Lynch Japan Securities Co., Ltd. (now BofA Securities Japan Co., Ltd.) Jul 2013 Transferred to Bank of America, N.A. Singapore Branch Jan 2017 Joined the Company Jan 2017 Director, SECURE PARKING PTY LTD (current) Nov 2020 Executive Officer of the Company; Chairman, Taiwan Puke 24 Co., Ltd. Nov 2023 Director, Executive Officer, Times 24 Co., Ltd. (current) Jan 2024 Director, Senior Executive Officer of the Company Jan 2025 Director, Managing Executive Officer, CFO of the Company (current) Nov 2025 Director, Times Mobility Co., Ltd. (current); Director, Times Service Co., Ltd. (current); Chairman, Director, Times Communication Co., Ltd. (current)

1971-10-07

Yoshimitsu OURA

Director

Apr 1977 Joined Nomura Securities Co., Ltd. Jun 2003 Managing Executive Officer of Nomura Securities Co., Ltd.; Executive Officer of Nomura Holdings, Inc. Mar 2009 Managing Executive Officer, Jafco Co., Ltd. (now Jafco Group Co., Ltd.) Apr 2013 Senior Managing Director, Jafco Co., Ltd. Aug 2014 Representative Director, WithValue Inc. (current) May 2015 Outside Director, Arbeit Times Co., Ltd. Jun 2015 Outside Audit & Supervisory Board Member, MS-Japan Co., Ltd. Jan 2016 Outside Director of the Company (current) Jun 2016 Outside Director, Audit and Supervisory Committee Member, MS-Japan Co., Ltd. (current) Sep 2017 Outside Director, Candeal Co., Ltd. (current)

1954-07-08

Akiko KUROKI

Director

Apr 1987 Joined Mitsubishi Trust and Banking Corporation (now Mitsubishi UFJ Trust and Banking Corporation) Jan 1989 Joined Wyatt Co., Ltd. (now Towers Watson Japan Ltd.) Oct 1996 Joined Fujitsu Limited Oct 2005 Part-time Audit & Supervisory Board Member, Global Innovation Partners Co., Ltd. (wholly owned subsidiary of Fujitsu Limited; corporate venture fund) Apr 2010 Member, Investment Committee, Local Government Officials Mutual Aid Association (Ministry of Internal Affairs and Communications) Feb 2017 Director, Executive Officer, General Affairs and Accounting Division General Manager, CFO and CHRO, Justec Co., Ltd. Jun 2019 Outside Director, IX Knowledge Inc. Jun 2021 Outside Director, C'BON COSMETICS Co., Ltd. Apr 2022 Professor, Faculty of Economics, Teikyo University (current) Jun 2023 Outside Director, Osaki Electric Co., Ltd. (current) Dec 2023 Deputy Chairperson, Investment Committee, Workers Retirement Benefit Mutual Aid Association (Ministry of Health, Labour and Welfare) (current) Jan 2024 Outside Director of the Company (current) Jul 2024 Outside Director, Chiyoda Corporation (current)

1963-05-26

Takashi NAGASAKA

Director, Audit and Supervisory Committee Member

Apr 1979 Joined Chuo Accounting Office Jun 1981 Registered as Certified Public Accountant Sep 1990 Partner, Chuo Audit Corporation Jul 1998 Representative Partner, Chuo Audit Corporation May 2005 Head of Audit Division, Chuo Aoyama Audit Corporation Aug 2007 Managing Director, Shin Nihon Audit Corporation (now EY Shin Nihon LLC) Aug 2010 Senior Partner, Shin Nihon Audit Corporation Jun 2019 Representative, Takashi Nagasaka CPA Office (current) Outer Director, Contec Co., Ltd. Outside Audit & Supervisory Board Member, Tokushu Tokai Paper Co., Ltd. Jan 2020 Outside Director of the Company May 2020 Outside Director, AEON Financial Service Co., Ltd. (current) Jun 2022 Outside Director, Tokushu Tokai Paper Co., Ltd. Nov 2022 Provisional Outside Director, Audit and Supervisory Committee Member of the Company Jan 2023 Outside Director, Audit and Supervisory Committee Member of the Company (current) Jun 2023 Outside Director, Audit and Supervisory Committee Member, Tokushu Tokai Paper Co., Ltd. (current)

1957-01-13

Miho NIUTANI

Director, Audit and Supervisory Committee Member

Apr 1993 Registered as Attorney-at-Law (Tokyo Bar Association); joined Tokyo Aoyama Law Office (now Baker & McKenzie Law Office) Jul 1997 Baker & McKenzie Consultants (Indonesia) Jan 1998 Baker & McKenzie (Singapore) Dec 2000 Partner, Tokyo Aoyama Law Office (now Baker & McKenzie Law Office) Nov 2002 Senior Partner, Atsumi & Sakai Foreign-Law Joint Enterprise (current) Dec 2010 Member, Public Procurement Monitoring Committee (now Public Contract Monitoring Committee), Edogawa City (current) Aug 2011 Expert Member, Subcommittee for Postal Savings and Simple Life Insurance Management Organization, Evaluation Committee of Independent Administrative Institutions (Ministry of Internal Affairs and Communications) Jun 2015 Member, Expert Panel on Evaluation of Japan Post Bank and Japan Post Insurance Management and Post Office Network Support Organization (Ministry of Internal Affairs and Communications) (current) Jan 2020 Outside Director, Audit and Supervisory Committee Member of the Company (current) Apr 2022 Member, Study Group on Appropriate Introduction and Management of Renewable Energy Power Generation Facilities (Ministry of Economy, Trade and Industry) Sep 2022 Expert Member, Committee for the Promotion of Private Finance Initiatives (Cabinet Office) (current) Jun 2023 Outside Audit & Supervisory Board Member, Sony Financial Group Inc. Oct 2024 Outside Director, Sony Financial Group Inc. (current)

1964-08-31

Yuri IZUMO

Director, Audit and Supervisory Committee Member

Apr 1988 Joined Toray Industries, Inc. Oct 1997 Joined Chuo Audit Corporation Apr 2002 Registered as Certified Public Accountant Dec 2007 Joined Jafco Co., Ltd. (now Jafco Group Co., Ltd.) Jun 2020 Outside Audit & Supervisory Board Member, Media Made Inc. Dec 2021 Outside Audit & Supervisory Board Member, Trite Inc. (current) Jan 2026 Outside Director, Audit and Supervisory Committee Member of the Company (current)

1965-05-25

Large Shareholding Reports