PARK24 Co., Ltd. Revises FY2026 Earnings Forecast — Net Profit Up 69.2%
PARK24 Co., Ltd. (TSE:4666), Japan’s leading parking services operator, raised its full-year earnings guidance for the fiscal year ending October 2026, driven by a significant reduction in restructuring losses tied to its UK parking business reorganization.
| Item | Before | After | Change | Change % |
|---|---|---|---|---|
| Revenue | JPY 410.0bn | JPY 411.0bn | JPY 1.0bn | 0.2% |
| Operating Profit | JPY 41.5bn | JPY 42.5bn | JPY 1.0bn | 2.4% |
| Ordinary Income | JPY 38.5bn | JPY 39.5bn | JPY 1.0bn | 2.6% |
| Net Profit | JPY 26.0bn | JPY 44.0bn | JPY 18.0bn | 69.2% |
| EPS | JPY 152.31/share | JPY 257.76/share | JPY 105.45/share | 69.2% |
The revision reflects a substantial improvement in special items. PARK24 reduced its estimated loss on equity in affiliates related to UK parking business restructuring to JPY 8.7bn from JPY 25.0bn, following a reassessment of net assets excluded from consolidation. Additionally, the company recorded a JPY 31.1bn tax benefit adjustment in the second quarter rather than the fourth quarter as originally planned. These favorable adjustments more than offset a JPY 0.3bn increase in losses from the Singapore parking business divestiture.
The upward revision was also supported by stronger-than-expected interim results, with second-quarter net profit reaching JPY 29.7bn against an initial forecast of a JPY 19.0bn loss. The substantial tax benefit from the UK restructuring significantly improved the bottom line, though core operating performance remained relatively stable with modest revenue and operating profit increases. Investors should note that the net profit improvement is primarily driven by one-time tax benefits rather than operational gains.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.