PARK24 Co (4666) Q4 2025 earnings summary

Executive summary

• FY2025 net sales reached ¥406.1B, slightly above the revised plan and up 9.5% YoY, but recurring profit and profit attributable to owners of parent declined due to higher costs, weak Mobility Business performance, and impairment losses in the UK.

• FY2025 marked the first year of a new medium-term plan to evolve into a mobility service platform operator, focusing on network expansion and service evolution.

• Parking Business Japan outperformed expectations, while Mobility and International segments underperformed, impacted by sluggish service operations and inflation.

• Extraordinary losses were higher than planned, mainly from a ¥2.4B impairment and a ¥3.3B loss from terminating a UK pension plan.

Financial highlights

• Net sales: ¥406,168 million (+9.5% YoY, +¥0.1B vs. revised plan); Recurring profit: ¥34,157 million (-3.6% YoY, ¥-1.4B vs. plan); Profit attributable to owners: ¥15,917 million (-14.5% YoY, ¥-2.1B vs. plan).

• Operating profit: ¥37,561 million (-2.9% YoY); Net income per share: ¥93.28 (down from ¥109.20 YoY); Return on equity: 18.1% (down from 27.3%).

• Cash and cash equivalents at year-end: ¥80,150 million; Free cash flow: ¥16,815 million.

• Total assets increased to ¥354,376 million; Net assets rose to ¥98,193 million.

• Shareholders’ equity: ¥104.2B (equity ratio 29.4%).

Outlook and guidance

• FY2026 targets record-high net sales of ¥445,000 million (+9.6% YoY), recurring profit of ¥38,500 million (+12.7% YoY), and profit attributable to owners of ¥24,000 million (+50.8%).

• Mobility Business to return to growth, with focus on member acquisition, efficient vehicle deployment, and network expansion.

• Dividend forecast for FY2026: ¥65/share (payout ratio 46.2%).

• Strategic review and optimization of international business and resource allocation planned.