PARK24 Co (4666) Q2 2025 earnings summary

Executive summary

• Interim recurring profit was in line with plan at 13.9 billion yen, but net profit attributable to owners of parent fell short due to a 3.3 billion yen extraordinary loss from the UK subsidiary's pension plan termination.

• Net sales rose 10.0% year-over-year to ¥193,394 million for the six months ended April 30, 2025, but operating profit fell 5.2% and profit attributable to owners dropped 44.7% due to extraordinary losses and weaker Mobility Business performance.

• Significant inaccuracies were discovered in non-financial indicators for the UK business, leading to corrections in reported parking site and space counts and submission of corrected financial reports.

• Comprehensive income decreased 14.7% year-over-year to ¥8,290 million.

Financial highlights

• Interim net sales reached 193.3 billion yen, up from 175.8 billion yen year-over-year.

• Operating profit was 15.7 billion yen (down 5.2% year-over-year), recurring profit 13.9 billion yen (down 7.2% year-over-year), and net profit attributable to owners of parent 4.9 billion yen (down 44.7% year-over-year).

• Net income per share: ¥29.20 (down from ¥52.83 year-over-year).

• Total assets increased to ¥306,381 million from ¥295,701 million as of October 31, 2024.

• Shareholders' equity stood at 93.3 billion yen with a ratio of 30.5%.

Outlook and guidance

• Full-year net sales forecast revised to ¥406,000 million (up 9.5% year-over-year).

• Operating profit forecast at ¥39,000 million (up 0.8% year-over-year), profit attributable to owners projected at ¥18,000 million (down 3.4% year-over-year).

• Net income per share forecast at ¥105.48.

• Dividend forecast remains at 30 yen per share.

• No major revisions to the initial plan for the second half of the year.