Park24PARK24 Co., Ltd.4666東証プライム不動産業FY ending Oct 2025, consolidated, J-GAAP

Park24 FY ending Oct 2025 results

About 48% of Park24's sales come from Domestic Parking, with Mobility and Overseas parking making up much of the rest.

Out of every ¥100 of sales, about ¥9 is left as operating profit.

Revenue changed +9.5% from the prior year, operating profit -2.9%.

Revenue and profit pattern

Revenue up, profit downRevenue grew faster

Revenue +9.5% · profit -2.9%, calculated from disclosed figures.

Operating leverage: -0.31× (profit growth ÷ revenue growth)

What changed from last year

FY ending Oct 2024 → FY ending Oct 2025

Revenue: +9.5%¥370.9B → ¥406.2B
Gross profit: +2.1%¥102.1B → ¥104.2B
Operating income: -2.9%¥38.7B → ¥37.6B
Net income attributable to owners: -14.5%¥18.6B → ¥15.9B
Operating cash flow: +16.1%¥54.2B → ¥62.9B
Free cash flow: -19.7%¥21.7B → ¥17.4B

Results at a glance

Revenue for the FY ending Oct 2025 was ¥406.2B, up 9.5% from ¥370.9B.
Profit went the other way: operating income slipped 2.9% to ¥37.6B, and net income fell 14.5% to ¥15.9B.
Operating cash flow rose 16.1% to ¥62.9B, while free cash flow dropped 19.7% to ¥17.4B.

What drove the change

Domestic parking lots stayed busy, and the company kept opening new ones.
In Mobility, the company added cars and rental locations, but sign-ups fell short of plan, usage was soft, and profit per car came in below the prior year.
Overseas parking earned less because the prior year included a one-off gain in the UK from reversing a repair provision.
Net income was pulled down by a special loss from ending a pension plan at a UK subsidiary and by an impairment in the UK. The prior year was a leap year, and the extra day also weighed on the comparison.

Things to watch

Most domestic car parks are on leased land. A wave of cancelled leases, or rising land prices that push up rents, could cut profits.
Car sharing faces competition from rivals and auto-leasing firms, and higher rents for car-sharing sites could squeeze margins.
In some overseas markets, landlords ask for long leases with rents tied to inflation; if these costs cannot be passed on to drivers, results could suffer.

有価証券報告書－第41期(2024/11/01－2025/10/31) / Management's analysis of financial position, operating results and cash flows · 有価証券報告書－第41期(2024/11/01－2025/10/31) / Business risks

Where the money goes

FY ending Oct 2024 → FY ending Oct 2025

Where ¥100 of sales goes

For every ¥100 Park24 sells, how much goes where, and how much is kept.

FY ending Oct 2025

Cost of sales: ¥74
SG&A: ¥17
Operating profit: ¥9
Net profit kept: ¥4

Annual margin trends

Gross margin25.7%

Operating margin9.2%

Net margin3.9%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Oct 2025

Domestic Parking¥193.6B
48%
Op. margin 19.4%Industry: Real Estate Brokerage & Management
Mobility¥128.2B
32%
Op. margin 11.6%Industry: Leasing
Overseas parking¥84.4B
21%
Op. margin -1.7%Industry: Real Estate Brokerage & Management

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第41期(2024/11/01－2025/10/31)
ID S100XHMO2026-01-28Open
EDINET (FSA Japan)
訂正有価証券報告書－第40期(2023/11/01－2024/10/31)
ID S100WD3J2025-07-15Open
EDINET (FSA Japan)
有価証券報告書－第39期(2022/11/01－2023/10/31)
ID S100SNVV2024-01-26Open
EDINET (FSA Japan)
有価証券報告書－第38期(2021/11/01－2022/10/31)
ID S100Q06T2023-01-27Open
EDINET (FSA Japan)
有価証券報告書－第37期(令和2年11月1日－令和3年10月31日)
ID S100NAAI2022-01-28Open
EDINET (FSA Japan)
有価証券報告書－第36期(令和1年11月1日－令和2年10月31日)
ID S100KKHS2021-01-29Open

Extracted from XBRL: 50 / Derived from other figures: 1

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