PARK24 Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending October 31, 2023
June 14, 2023 at 06:35 am EDT
Share
PARK24 Co., Ltd. revised consolidated earnings guidance for the fiscal year ending October 31, 2023. The company now expect net sales to be JPY 326,000 million, Operating profit to be JPY 31,500 million, profit attributable to owners of parent to be JPY 14,500 million or JPY 85.03 per share against previous forecast of net sales of JPY 323,000 million, Operating profit of JPY 27,000 million, profit attributable to owners of parent of JPY 13,000 million or JPY 76.24 per share.
Park24 Co Ltd is a Japan-based company mainly engaged in the operation and management of parking lots, and the rental and purchase of automobiles. The Company operates through three segments. The Domestic Parking Lot Business segment provides hourly and monthly parking lot services, and operates reservation-type parking lots and manages facilities attached to parking lots. The Overseas Parking Lot Business segment provides hourly and monthly parking lot services through sublease contracts and management contracts in the United Kingdom, Australia, New Zealand, Singapore, Malaysia, and Taiwan. The Mobility Business segment provides a mobility service called Times Car (a fusion of car sharing and rental car service) that allows users to rent a car for the time and period they want at manned stores and unmanned stations nationwide, and also provides road service to respond to car accidents and breakdowns.