NIPPON PARKING DEVELOPMENT continues to rise on 5.6% operating profit increase in Q3 and share buyback announcement

NIPPON PARKING DEVELOPMENT Co.,Ltd. <2353> shares extended their gains on Monday. Investors welcomed the company's nine-month consolidated financial results for the period ended April 2026, announced after Friday's close, which showed revenue of 31.11 billion yen (up 9.4% year-on-year), operating profit of 7.02 billion yen (up 5.6%), and net profit of 4.21 billion yen (up 11.6%).

The core parking lot business achieved record-high revenue and operating profit for the period, boosted by robust sublease proposals for condominium-attached parking lots in priority areas. The theme park business also posted record results, driving overall performance through influencer-backed collaboration events at amusement parks and targeted social media campaigns that expanded visitor numbers. For the fiscal year ending July 2026, NIPPON PARKING DEVELOPMENT maintained its full-year guidance, projecting revenue of 40.80 billion yen (up 10.8%), operating profit of 8.50 billion yen (up 11.0%), and net profit of 5.70 billion yen (up 18.8%).

Simultaneously, the company announced a share buyback program to repurchase up to 4.00 million shares (1.28% of issued shares excluding treasury stock) or 1.00 billion yen, further lifting market sentiment. The buyback will run from July 17 to September 30, aiming to enhance shareholder returns and capital efficiency while enabling flexible capital management in response to the changing business environment.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.