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Park24 Co Ltd (JP:4666)
:4666
Holding JP:4666?
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
28.25Last Year’s EPS
29.83Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 17, 2018
|% Change Since: 10.23%
|Next Earnings Date:Aug 30, 2018
Earnings Call Sentiment|Neutral
The earnings call indicates a strong financial performance with significant growth in the Mobility and Parking Business Japan segments, and successful new initiatives in car-sharing. However, challenges remain in the international parking business and vehicle disposal sales, and there are concerns about high costs and accident rates in overseas and mobility segments.Company Guidance
During the Q2 2024 earnings call for Park24, executive Koichi Nishikawa detailed an impressive financial performance, with net sales reaching JPY 175.8 billion and operating profit at JPY 16.6 billion, surpassing the full-year plan announced last December. The Parking Business Japan segment reported net sales of JPY 85.6 billion and a recurring profit of JPY 16.7 billion, while the Mobility business achieved JPY 52 billion in net sales, with service operations growing 22.4% year-on-year. In contrast, the Parking Business International segment reported a recurring profit shortfall, with a negative JPY 0.3 billion for the quarter. The Mobility business saw a significant increase in usage fees per vehicle per month, rising 5.6% to JPY 120,700. The company is focused on enhancing profitability through the development of localized times parking facilities and maintaining a target shareholders' equity ratio of approximately 30%, with an aim to improve the dividend on equity to pre-COVID levels.Strong Overall Financial Performance
Net sales were JPY 175.8 billion, operating profit was JPY 16.6 billion, recurring profit was JPY 14.9 billion, and net profit in Q2 was JPY 9 billion, all exceeding the full year plan announced last December.
Parking Business Japan and Mobility Business Growth
Parking Business Japan achieved net sales of JPY 85.6 billion and Mobility Business achieved JPY 52 billion. Both segments overachieved the plan.
Improvement in Service Operations
Mobility business service operations grew 58.1% year-on-year, contributing significantly to an increase in profits despite a decrease in sales and disposal of vehicles.
Record Car-Sharing Revenue
Net sales per vehicle in the Mobility business reached JPY 120,000, the highest ever since the car-sharing business started.
Successful Launch of New Car-Sharing Platform
The launch of the car-sharing platform with Hakone Car Share started in May and had a strong start.
Financial Stability and Shareholder Equity Improvements
Shareholders' equity ratio improved by 2.7 points to 25.6% from last year, with a target of approximately 30%.
Growth in International Markets
Net sales in the UK grew by 107.6% and in Australia by 104.2% on a local currency basis.
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JP:4666 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JP:4666 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 16, 2024 | ¥1847.50 | ¥1847.50 | 0.00% |
| Sep 17, 2024 | ¥1774.27 | ¥1779.76 | +0.31% |
| Jun 14, 2024 | ¥1624.17 | ¥1647.61 | +1.44% |
| Mar 14, 2024 | ¥1754.33 | ¥1787.24 | +1.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Park24 Co Ltd (JP:4666) report earnings?
Park24 Co Ltd (JP:4666) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Park24 Co Ltd (JP:4666) earnings time?
Park24 Co Ltd (JP:4666) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Park24 Co Ltd stock?
The P/E ratio of Park24 Co is N/A.
What is JP:4666 EPS forecast?
JP:4666 EPS forecast for the fiscal quarter 2025 (Q1) is 28.25.
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