PARK24 extends gains after posting double-digit operating profit growth in Q3
PARK24 Co., Ltd. <4666> extended gains after reporting strong third-quarter cumulative results (November 2025 - July 2026), which were well received by the market.
For the third-quarter cumulative period, PARK24 posted consolidated net sales of 304.05 billion yen (up 2.7% year-on-year), operating profit of 28.95 billion yen (up 16.2%), and net profit of 36.35 billion yen (up 3.7-fold), marking double-digit operating profit growth.
While the mobility business fell short of its plan due to lower-than-expected usage fees per vehicle, the overseas parking business exceeded targets, partly supported by a weaker yen. The domestic parking business, PARK24's core segment, also contributed to earnings growth as new Times Parking developments progressed steadily.
The company maintained its full-year guidance for the fiscal year ending October 2026, leaving forecasts unchanged at net sales of 411.0 billion yen (up 1.2% year-on-year), operating profit of 42.5 billion yen (up 13.1%), and net profit of 44.0 billion yen (up 2.8-fold).
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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