PARK24 : First Quarter Financial Results Briefing Meeting (Transcript) （816KB）

‌© PARK24 CO., LTD‌

FY2026 First Quarter Financial Results

Briefing Meeting

February 27, 2026 Takao Miki

Director, Executive Corporate Officer, CFO PARK24 CO., LTD.

Prime Market of TSE/4666 Ticker Symbol PKCOY

I am Takao Miki of PARK24.

Thank you very much for attending today's PARK24 results briefing for the first quarter of the fiscal year ending October 31, 2026.

I will now explain the financial results for this quarter.

* From here on, Fiscal Year Ended October 31, 20XX will be abbreviated to FY20XX.

‌2

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1. Consolidated Results for Q1

2. Results by Business Segment

3. Financial Position

	‌FY2024	FY2025	FY2026
	Actual	Actual	Actual	Plan
Net Sales	86.7 (109.8%)	97.2 (112.1%)	106.5 (109.5%)	105.4 +1.1
Operating profit	8.6 (102.4%)	9.3 (108.1%)	9.1 (98.7%)	8.5 +0.6
Recurring profit	7.9 (200.3%)	8.3 (105.2%)	8.3 (99.4%)	7.5 +0.8
Profit attributable to owners of parent	5.0 (161.5%)	5.1 (101.8%)	5.8 (112.2%)	4.7 +1.1

Net sales and profit at each stage exceeded the plan.

• Net sales 106.5 billion yen (+1.1 billion yen vs. plan): Sales increased and exceeded the plan due to the expanded scale of services in each business

• Recurring profit 8.3 billion yen (+0.8 billion yen): Higher investments for sustainable growth and weaker service utilization in some businesses resulted in recurring profit remaining at the same level as the previous year, while exceeding the plan.

(Lower row：YoY・Difference)

(Lower row：YoY)

【Table-1】Q1 Profit and Loss Statement (Billion yen) 【Chart-1】Q1 Results (Billion yen)

106.5

(109.5%)

Net Sales

79.0

97.2

86.7

105.4

(Plan)

7.9

8.3

8.3

(99.4%)

Recurring Profit

7.5

(Plan)

FY2023

FY2024

FY2025

FY2026

© PARK24 CO., LTD

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Ⅰ. Consolidated Results for Q1 ① Consolidated P/L

3.9

First, here are the consolidated results for the first quarter of FY2026.

Net sales were 106.5 billion yen, operating profit was 9.1 billion yen, recurring profit was 8.3 billion yen, and profit attributable to owners of parent was 5.8 billion yen. Net sales and profit at each stage exceeded the plan.

‌【Table-2】Q1 Net Sales by Segment (Billion yen)
		FY2024	FY2025	FY2026
		Actual	Actual	Actual	Plan
Net Sales		86.7	97.2 (112.1%)	106.5 (109.5%)	105.4 +1.1
	Parking Business Japan	43.6	47.8 (109.7%)	52.5 (109.8%)	51.9 +0.6
	Mobility Business	25.2	29.6 (117.4%)	32.7 (110.5%)	33.7 -1.0
	Parking Business International	19.2	21.5 (111.9%)	22.7 (105.8%)	21.3 +1.4
	Business Development (TPL)	-	-	0.1 (-%)	0.2 -0.1
	Others (Adjustment, etc.)	-1.3	-1.7	-1.7	-1.7 -0.0

【Table-3】Q1 Recurring Profit ・Business Profit (Billion yen)
		FY2024	FY2025	FY2026
		Actual	Actual	Actual	Plan
Recurring Profit		7.9	8.3 (105.2%)	8.3 (99.4%)	7.5 +0.8
	Parking Business Japan	8.8	9.2 (104.4%)	9.5 (103.5%)	9.2 +0.3
	Mobility Business	2.8	3.1 (109.6%)	2.8 (89.4%)	2.6 +0.2
	Parking Business International	0.1	0.3 (291.7%)	0.6 (160.7%)	0.6 +0.0
	Business Development (TPL)	-	-	0.0 (-%)	0.0 +0.0
	Others (HQ Expenses, etc.)	-3.9	-4.4	-4.7	-5.0 +0.3

Parking Business Japan and Parking Business International exceeded the plan, while in the Mobility Business, revenue fell short of the plan, but business profit exceeded the plan.

Business development (Times Platform Services; "TPL") expanded steadily

(Lower row：YoY・Difference)

(Lower row：YoY・Difference)

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Ⅰ. Consolidated Results for Q1 ➁ Results by Business Segment

The next slide shows the results by segment.

Table-2 shows the change in net sales by segment for the first quarter of FY2026. Consolidated net sales totaled 106.5 billion yen, including 52.5 billion yen from Parking Business Japan, 32.7 billion yen from Mobility Business, 22.7 billion yen from Parking Business International, and 0.1 billion yen from Times Platform Services, or "TPL," a new disclosure segment from FY2026.

Table-3 shows recurring profit and business profit by segment. Recurring profit was 8.3 billion yen, including 9.5 billion yen from Parking Business Japan, 2.8 billion yen from Mobility Business, 0.6 billion yen from Parking Business International and 82 million yen, rounded down to 0.0 billion yen, from TPL.

In terms of net sales, Parking Business Japan and Parking Business International performed above planned levels, but Mobility Business fell short of plans. However, looking at business profit, as operating expenses were lower than expected, the planned level was also exceeded in Mobility Business.

TPL began its full launch as a service in FY2026, and is growing at a steady pace.

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1. Consolidated Results for Q1

2. Results by Business Segment

3. Financial Position

	‌FY2024	FY2025	FY2026
	Actual	Actual	Actual	Plan
Net Sales	43.6	47.8 (109.7%)	52.5 (109.8%)	51.9 +0.6
Business Profit	8.8	9.2 (104.4%)	9.5 (103.5%)	9.2 +0.3
Business Profit Ratio	20.4%	19.4%	18.3%	17.7%
Investment for sustainable growth	-	-0.2	-0.7	-0.9 +0.2
Recurring Profit excluding Investment	8.8	9.5 (107.6%)	10.3 (108.2%)	10.1 +0.2
Business Profit Ratio	20.4%	20.0%	19.7%	19.5%

Service operations remained strong, and both net sales and business profit exceeded the plan.

• Net sales 52.5 billion yen (+0.6 billion yen vs. Plan), business profit 9.5 billion yen (+0.3 billion yen vs. Plan)

• Development of 307 Times PARKING sites, with a net increase of 145 sites: Business development was accelerated while maintaining a leaner business structure

▶ Investments for sustainable growth (replacement of the Times TOWER with a new type of payment machine and conversions to camera-equipped parking facilities) progressed slightly behind expectations; however, we plan to accelerate these initiatives from Q2 onward.

(Lower row：YoY・Difference)

【Table-4】Q1 Net Sales／Business Profit (Billion yen) 【Chart-2】 Number of Times PARKING／Developed (Sites)

+145

Times PARKING

(~FY2025: End of FY／FY2026: End of Q1)

17,639

18,571

19,679

19,824

+25

Developed

(Q1)

257

269

282

307

FY2023

FY2024

FY2025

FY2026

© PARK24 CO., LTD

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Ⅱ. Results by Business Segment ① Parking Business Japan

The next slide describes the results for Parking Business Japan.

As Table-4 shows, net sales amounted to 52.5 billion yen while business profit was 9.5 billion yen, producing a business profit ratio of 18.3%. Both net sales and business profit exceeded the plan, demonstrating steady growth in the business segment.

In Parking Business Japan, we have been making progress replacing payment machines and converting to camera-equipped parking facilities as initiatives aimed at sustainable growth. For the first quarter of FY2026, we recorded 0.7 billion yen in expenditures as investments in these initiatives. As a measure of the segment's underlying strength excluding this investment, business profit was 10.3 billion yen, with a business profit ratio of 19.7%. We are steadily growing the business while maintaining a business profit ratio of around 20%.

Chart-2 shows the number of Times PARKING sites in operation and the number of newly developed sites. 307 new sites were developed in the first quarter of FY2026, a year-on-year increase of 25 sites compared with the pace in the first quarter of the previous year. The number of sites in operation reached 19,824, an increase of 145 from the end of FY2025.

		‌FY2024	FY2025	FY2026
		Actual	Actual	Actual	Plan
Net Sales		25.2	29.6 (117.4%)	32.7 (110.5%)	33.7 -1.0
	Service Operations	23.5	28.1 (119.6%)	31.1 (110.4%)	32.7 -1.6
	Sales and Disposal of Vehicles	1.6	1.4 (85.8%)	1.6 (113.5%)	0.9 +0.7
Business Profit		2.8	3.1 (109.6%)	2.8 (89.4%)	2.6 +0.2
	Service Operations	2.3	2.9 (126.6%)	2.6 (89.8%)	2.6 ▲0.0
	Sales and Disposal of Vehicles	0.5	0.2 (39.3%)	0.1 (83.4%)	-0.0 +0.2

Net sales fell short of plan due to weak service operations, but business profit exceeded plan due to lower-than-

expected fuel costs, etc.

• Net sales 32.7 billion yen (-1.0 billion yen vs. Plan), business profit 2.8 (+0.2 billion yen vs. Plan)

• The number of Times CAR increased by 949 vehicles from the end of the previous period: Taking into account the softness in service utilization, the pace of fleet expansion has been moderated since the previous period.

• Times CAR members 3,713 thousand members (+577 thousand members YoY): Steady increase but below expectations, accelerating from Q2 onward.

(Lower row：YoY・Difference)

【Table-5】Q1 Breakdown of Results (Billion yen) 【Chart-3】Number of Times CAR (vehicles)／Member (thousand people)

+577

3,713

(118.4%)

3,136

(122.3%)

Member

(End of Q1)

2,091

(118.1%)

2,564

(122.6%)

+949

Vehicles

(~FY2025: End of FY／FY2026: End of Q1)

69,170

80,691

(116.7%)

81,640

60,047 (115.2%)

(113.2%)

FY2023

FY2024

FY2025

FY2026

© PARK24 CO., LTD

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Ⅱ. Results by Business Segment ➁ Mobility Business - Performance／Service Scale

I will now move on to the Mobility Business.

Table-5 shows overall net sales and business profit in the Mobility Business.

Looking at the breakdown for the 32.7 billion yen in net sales, 31.1 billion yen was from service operations, while 1.6 billion yen was from the sales and disposal of vehicles. Of the 2.8 billion yen in business profit, service operations accounted for 2.6 billion yen, while sales and disposal of vehicles accounted for 0.1 billion yen. Net sales fell short of the planned level due to weakness in service operations. However, since fuel and other expenses were lower than expected, business profit exceeded the plan.

Chart-3 shows the number of Times CAR vehicles and members.

The total number of Times CAR vehicles increased by 949 vehicles from the end of FY2025 to 81,640 vehicles. In FY2026, the pace of increase in the number of vehicles has been moderated in light of the service operations situation. With the increase in vehicles slowing, how to increase profit on a per-vehicle and monthly basis will be a key challenge in FY2026. The number of members increased by 577 thousand from the end of the first quarter of FY2025 to 3,713 thousand.

‌【Table-6】Q1 Breakdown of Service Operations (Billion yen)
		FY2024	FY2025	FY2026
		Actual	Actual	Actual	Plan
Net Sales of Service Operations		23.5	28.1 (119.6%)	31.1 (110.4%)	32.7 -1.6
	Times CAR Dedicated Vehicles	17.0	21.6 (126.6%)	25.3 (117.0%)	26.4 -1.1
	Rent-a-Car and others	6.4	6.5 (101.1%)	5.7 (88.3%)	6.3 -0.6
Business Profit of Service Operations		2.3	2.9 (126.6%)	2.6 (89.8%)	2.6 -0.0
	Times CAR Dedicated Vehicles	1.3	1.9 (147.7%)	2.2 (113.5%)	2.0 +0.2
	Rent-a-Car and others	0.9	0.9 (97.2%)	0.3 (39.8%)	0.6 -0.3

Times CAR 81,640 vehicles		FC 7,223 vehicles (8.8%)
	9	[directly managed] Rent-a-Car ,781 vehicles (12.0
	De	[directly managed] Times CAR dicated Vehicles 64,636 vehicles (79.2%)

Times CAR dedicated vehicles service operations were weak, and net sales fell short of the plan.

On the other hand, business profit exceeded the plan due to a decrease in fuel costs, etc.

• For FY2026, net sales for Times CAR dedicated vehicles were 25.3 billion yen, business profit was 2.2 billion yen.

  *The allocation of operating expenses (≒ business profit) between directly operated Times CAR dedicated and rent-a-car is estimated based on established criteria.

• The number of Times CAR dedicated vehicles increased by 756 vehicles from the end of the previous period.

（ Lower row：YoY・Difference) ） (In parentheses：Proportion)

【Chart-4】End of Q1 Breakdown of Times CAR

+756

%)

63,880

64,636

51,051

FY2024 FY2025 FY2026

Q1

* Most [directly managed Rent-a-Car] vehicles have online car management system and can be used for the car sharing service. Vehicles are used flexibly for either the car sharing service or the rent-a-car service, depending on demand.

© PARK24 CO., LTD

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Ⅱ. Results by Business Segment ③ Mobility Business -Times CAR Dedicated Vehicles

【Chart-5】Times CAR Dedicated Vehicles (vehicles)

Next, here are the details of service operations.

Table-6 shows a breakdown of net sales and business profit from service operations in Times CAR Dedicated Vehicles and Rent-a-Car and Others, respectively.

Of the 31.1 billion yen in net sales from service operations, Times CAR Dedicated Vehicles (car sharing service) accounted for 25.3 billion yen, while Rent-a-Car and Others accounted for 5.7 billion yen. In terms of business profit of 2.6 billion yen, Times CAR Dedicated Vehicles generated 2.2 billion yen, while Rent-a-Car and Others generated 0.3 billion yen. While net sales fell short of the planned level due to weak service operations in Times CAR Dedicated Vehicles, business profit exceeded the plan due to lower-than-expected fuel costs and other expenses.

Chart-4 shows a breakdown of Times CAR vehicles.

Of the total 81,640 Times CAR vehicles, 79.2%, or 64,636, are Times CAR Dedicated Vehicles (car sharing service).

Chart-5 shows changes in the number of Times CAR vehicles.

In the first quarter of FY2026, the number of vehicles increased 756 from the end of FY2025, and as explained earlier, the pace of this increase is slowing in FY2026.

‌As of the end of Q1 FY2026, vehicle additions outpaced membership growth, resulting in softness in net sales per

vehicle/month.

• Although vehicle additions slowed in FY2026, the expansion in FY2025 continued to have an impact. As a result, as of the end of Q1 FY2026, YoY additions in Times CAR dedicated vehicles (120.5%) still exceeded membership growth (118.4%).

• From Q2 onward, we will aim to reverse the trend by accelerating the pace of membership acquisition.

(Lower row: YoY)

【Chart-6】 YoY of Times CAR Dedicated Vehicles & Members

125.1%

125.1%

Business Profit

11.7

Member

118.8%

120.5%

121.0%

119.2%

118.4%

114.1%

Times CAR Dedicated Vehicles

Net Sale

130.6

131.0

(95.7%)

)

FY2023

FY2024

FY2025

FY2026

Q1

FY2024

FY2025

FY2026

* The increase in Net Sales and Business Profit from FY2024 to FY2025 is attributable to the impact of changes to traveling distance-based charges and subscription fees for the "Safe Compensation Service" from February 2024.

© PARK24 CO., LTD

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Ⅱ. Results by Business Segment ➃ Mobility Business -Times CAR Dedicated Vehicles P/L

119.3

(96.0%)

s

Business Expenses

120.3

124.3

(103.4%

(92.8%)

10.3

12.6

(122.3%)

136.9

(104.9%)

【Chart-7】Q1 Times CAR Dedicated Vehicles P/L per Vehicle/Month (thousand yen)

Next, we will look at detailed results for Times CAR Dedicated Vehicles.

Chart 6 shows the year-on-year change in the number of Times CAR Dedicated Vehicles and members. In FY2025, the increase in the number of Times CAR Dedicated Vehicles exceeded the increase in the number of Times CAR members, leading to a deterioration in profit per vehicle per month.

Given this situation, in FY2026, we have been slowing the increase in the number of vehicles while aggressively acquiring new members.

While the effects of those efforts are gradually materializing, the year-on-year growth rate in the number of Times CAR Dedicated Vehicles still exceeds the growth rate in the number of members. Reversing these growth rates will be crucial as we head into the second half of the fiscal year and periods with heightened demand including Golden Week and the summer holiday period.

Chart-7 shows profit per vehicle per month for Times CAR Dedicated Vehicles.

Against net sales of 131.0 thousand yen per vehicle per month for Times CAR Dedicated Vehicles, operating expenses were 119.3 thousand yen. As a result, operating profit per vehicle per month was 11.7 thousand yen.

‌Performance fell short of the plan for both individual and corporate members. Following the rate revision implemented

in December 2025, unit price per use increased YoY, while the number of uses remained weak.

(Lower row：YoY)

+81 yen

Total

108.7

(117.0%)

114.3

(105.2%)

117.6

(102.8%)

112.0 117.6

(Plan)

(95.3%)

Unit price per use(yen)

3,253

3,441

3,531

3,612

[Corporate]

33.6

(119.3%)

36.4

(108.2%)

39.0

(107.1%)

38.1

(97.8%)

38.6

(Plan)

-2.3 times

Number of uses(time)

[Individual]

75.0

(116.0%)

77.9

(103.8%)

78.5

(100.8%)

73.8

(94.0%)

78.9

(Plan)

FY2023

FY2024

FY2025

FY2026

FY2023

FY2024

FY2025

FY2026

© PARK24 CO., LTD

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Ⅱ. Results by Business Segment ⑤ Mobility Business - Times CAR Dedicated Vehicles Monthly Fees

31.0

33.3

33.2

33.4

【Chart-9】Q1 Breakdown of Usage Fees per Vehicle/Month [Unit price per use × Number of uses]

【Chart-8】Q1 Breakdown of Usage Fees per Vehicle/Month [Individual vs. Corporate] (Thousand yen)

Turning next to the usage fees per vehicle per month of Times CAR dedicated vehicles.

The 131.0 thousand yen in net sales per vehicle per month shown on the previous page includes usage fees, monthly membership fees for individual members, and optional fees such as the Safe Compensation Service. This page focuses on the breakdown of those usage fees.

Chart-8 shows usage fees per vehicle per month for Times CAR dedicated vehicles broken down into individual and corporate usage. The results were weak for both individual and corporate usage, falling short of planned levels. To improve usage fees per vehicle per month, we believe it is important to increase the number of members, and we are implementing a range of measures in FY2026 to achieve this. We expect the effects of these measures to materialize in the second quarter of FY2026, and into the second half of the fiscal year.

Chart-9 shows the breakdown of the usage fees per vehicle per month into unit price per use and the number of uses.

Unit price per use has been partially impacted by rate revisions we put into place in December 2025, and has increased year on year. However, the number of uses has declined. The factors behind this include, as explained earlier, an increase in the number of Times CAR dedicated vehicles that outpaced membership growth, as well as a decline in usage following the rate revision.

That is why we have been working to increase the number of uses by increasing the number of members. Also note that we expect the decline in usage to improve going forward, based on trends we have seen following past rate revisions.

‌To accelerate membership acquisition, we launched web-based commercials targeting SMEs, as well as campaigns aimed at individual members and strengthened sales resources for SMEs through organizational realignment. These initiatives are expected to deliver positive results from Q2 onward.

Macro-level Initiatives

Micro-level Initiatives

▼Web-based commercials ▼TV commercials

▼Membership Campaign

▼ Membership campaign conducted jointly with railway companies

* Membership campaign conducted jointly with West Japan Railway Company, TPL partner

© PARK24 CO., LTD

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Ⅱ. Results by Business Segment ⑥ Mobility Business - Measures to acquire members

Individual

• In FY2025, personnel and resources devoted to operations to increase the number of vehicles were shifted to operations devoted to acquiring Times CAR members.

• Organizational improvements were made to prioritize sales activities targeting small and medium-sized companies in regional areas.

Corporate

• Promoting data-driven area marketing

  • Proactively deploying vehicles to areas experiencing vehicle shortages relative to members

  • Strengthening membership acquisition efforts, in areas with fewer members relative to vehicles

Next, we will look at the measures being implemented to acquire Times CAR members.

I will describe these measures by breaking them down into macro- and micro-level initiatives, and those aimed at corporate and individual members.

First, in terms of macro-level initiatives aimed at corporate members, starting in January 2026 we launched a web-based commercial featuring Atsuhiro Tsuda from the comical duo Diane, and judo athlete Uta Abe, a member of our Judo team. We have also continued to air television commercials.

In terms of micro-level initiatives, we have shifted personnel and resources that had been working on vehicle deployments up to FY2025 to member acquisition. We have focused on sales activities targeting small and medium-sized companies in regional areas in particular, and these efforts have steadily yielded results.

In terms of macro-level initiatives targeting individual members, in addition to campaigns conducted primarily by the Group, we have also conducted joint membership campaigns with other companies to acquire members. In terms of micro-level initiatives, we have strengthened area-based marketing efforts, while stepping up vehicle deployment and membership acquisition activities in line with local demand.

‌【Table-7】 [Japanese currency] Results (Billion yen)
		FY2025	FY2026
		Actual	Actual	Plan
Net Sales		21.5 (111.9%)	22.7 (105.8%)	21.3 +1.4
	UK	12.3 (116.7%)	13.2 (107.7%)	12.5 +0.7
	AU	5.4 (102.1%)	5.2 (96.5%)	4.8 +0.4
	TW	2.3 (115.7%)	2.6 (112.1%)	2.6 +0.0
	SG・MY	1.4 (106.8%)	1.6 (115.0%)	1.4 +0.2
Business Profit		0.3 (291.7%)	0.6 (160.7%)	0.6 +0.0
	UK	0.0 (-%)	-0.2 (-%)	0.0 -0.2
	AU	-0.1 (-%)	0.2 (-%)	0.1 +0.1
	TW	0.3 (104.4%)	0.3 (120.3%)	0.3 +0.0
	SG・MY	0.0 (71.7%)	0.2 (254.6%)	0.2 +0.0

【Table-8】[Local Currency] Results
		FY2025	FY2026
		Actual	Actual	Plan
UK (Million GBP)
	Net Sales	63 (109.7%)	64 (102.5%)	62 +2
	Business Expenses	-62 (105.9%)	-65 (105.1%)	-62 -3
	Business Profit (Loss)	0 (-%)	-1 (-%)	0 -1
	Exchange Rate (yen/GBP)	195.1	205.0	200.0
AU (Million AUD)
	Net Sales	54 (99.1%)	51 (94.4%)	50 +1
	Business Expenses	-56 (101.6%)	-49 (88.0%)	-49 +0
	Business Profit (Loss)	-1 (-%)	2 (-%)	1 +1
	Exchange Rate (yen/AUD)	99.1	101.2	95.0

Net sales exceeded plan due to steady service operations across all regions, and business profit exceeded the plans

except for the UK.

(Lower row：YoY) (Lower row：YoY)

[The UK]

• The dual pricing system of fees paid through the member app and fees paid for general use was abolished (unified fees).

• Development of Localized Times PARKING fell short of expectations, with business profit fell short of plan.

  [Australia]

• The fee structure was changed and sales of monthly parking were strengthened

• Both net sales and business profit exceeded the plan.

  [Taiwan]

• Service operations remained solid.

• Net sales and business profit both exceeded expectations due to the limited negative impact of natural disasters which had been anticipated in the plan.

  [SG/MY]

• The plan was exceeded due to the sale of equipment in the large- government-related parking facility at which we lost a contract.

• The results remained solid in Malaysia.

© PARK24 CO., LTD

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Ⅱ. Results by Business Segment ⑦ Parking Business International - Business Results

Next, I would describe the results for Parking Business International. Table-7 shows net sales and business profit or loss in each region.

Of segment net sales of 22.7 billion yen, the UK accounted for 13.2 billion yen, Australia accounted for 5.2 billion yen, Taiwan accounted for 2.6 billion yen, with 1.6 billion yen coming from Singapore and Malaysia combined. As a result, planned levels were exceeded in each region.

Looking at the breakdown of the 0.6 billion yen in business profit, the UK produced a loss of 0.2 billion yen, while Australia generated profit of 0.2 billion yen, with 0.3 billion yen from Taiwan and 0.2 billion yen from Singapore and Malaysia.

Looking at the situation in each region, development of Localized Times PARING (hereinafter, "Localized

TP") was lower than expected in the UK, with business profit falling short of the plan as a result.

However, in Australia, revisions to the fee structure and the effects of stronger monthly parking sales helped propel business profit beyond planned levels. Additionally, due to solid service operations in Taiwan and Malaysia, and equipment sales associated with the loss of contracts for large government parking sites in Singapore, business profit exceeded the plan.

In addition, Table-8 shows the results in the UK and Australia on a local currency basis that eliminates the impact of exchange rates.

In the UK, net sales were 64 million GBP and business expenses were 65 million GBP, resulting in a business loss of 1 million GBP. In Australia, net sales were 51 million AUD with business expenses of 49 million AUD, producing a business profit of 2 million AUD.

‌【Table-9】 Sites Number／Ratio of Localized TP
		End of FY2023	End of FY2024	End of FY2025	End of FY2026 Q1
Sites		1,216 (+280)	1,379 (+163)	1,589 (+210)	1,636 (+47)
	UK	254 (+99)	272 (+18)	247 (-25)	251 (+4)
	AU	109 (+43)	136 (+27)	228 (+92)	249 (+21)
	TW	791 (+104)	881 (+90)	1,004 (+123)	1,022 (+18)
	SG・MY	62 (+34)	90 (+28)	110 (+20)	114 (+4)
Ratio		49.6%	53.2%	58.9%	61.4%
	UK	37.5%	39.8%	38.4%	38.7%
	AU	24.2%	29.2%	41.9%	44.9%
	TW	97.9%	97.8%	97.9%	97.9%
	SG・MY	12.0%	16.6%	22.7%	27.3%

Localized TP increased in all regions, but at a slower pace than planned.

（Lower row：Difference from end of the previous year）

【Chart-10】[UK] Sites Number／Ratio of Localized TP

Ratio

37.5%

39.8%

38.4%

38.7%

Sites

254

272

247

251

FY2023

FY2024

FY2025

FY2026 Q1

【Chart-11】[AU] Sites Number／Ratio of Localized TP

41.9%

44.9%

Ratio

24.2%

29.2%

Sites

FY2023

FY2024

FY2025

FY2026 Q1

© PARK24 CO., LTD

13

Ⅱ. Results by Business Segment Ⓑ Parking Business International - Localized Times PARKING (TP)

109

136

249

228

Next, we will look at the operating status of Localized TP. Table-9 shows the number of Localized TP sites in operation.

As of the end of the first quarter of FY2026, there were 1,636 sites in operation, a net increase of 47 sites from the end of FY2025.

By region, progress was largely in line with plans in Australia, Taiwan, Singapore and Malaysia, but conditions were somewhat more challenging in the UK, with a net increase of just four sites.

In Parking Business International, development of the highly profitable Localized TP continues to be important, and we will accelerate the speed of development by steadily implementing appropriate measures.

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© PARK24 CO., LTD

TPL Mobility

▶ KEISEI CAR SHARE

: Service is scheduled to launch from April 2026.

: Service will launch 55 vehicles at approximately 20 locations, to be expanded gradually

▶ TOBU CARE SHARE

: Service is scheduled to launch from April 2026.

: Service will launch with 70 vehicles at about 30 locations, to be expanded gradually

▼ Marunouchi JP TOWER KITTE Parking ▼77 Park Futsukamachi (Japan Post Group/Tokyo) (77 Bank, Ltd./Miyagi)

Following the development of systems and the establishment of management foundations starting in FY2026,

both the Parking Business and Mobility Business have steadily expanded.

TPL Parking

▶ Provide TPL to parking attached to the Large-scale facilities

▶ Provide TPL to operators such as SAGAMI OIL CO., LTD. and Daiei Real Estate & Development Co., Ltd., which possess regional parking service networks

Ⅱ. Results by Business Segment ⑨ Times PLATFORM SERVICE (TPL)

Next, we will look at how TPL is expanding.

From FY2026, we have further developed systems and established management foundations for TPL, and both the TPL Parking and TPL Mobility businesses have steadily expanded.

With TPL Parking, we provide a range of infrastructure, including the Park24 Group's accumulated data and know-how on parking facility operations, as well as operating systems for camera-equipped parking facilities. These services are offered to both large-scale facilities that have traditionally operated their parking facilities in-house and regional operators that own and manage hundreds of parking facilities, such as Sagami Oil Co., Ltd. and Daiei Real Estate & Development Co., Ltd.

Next, we will look at TPL Mobility. In FY2025, we launched the service in conjunction with West Japan Rent-A-Car & Lease Co., Ltd., Hakone DMO, the Fujikyu Group and The 77 Bank, Ltd., and in FY2026 so far, we have launched the service together with Keisei Real Estate Co., Ltd. and with Tobu Railway Co., Ltd.

We have also fielded a variety of consultations from other railway companies as well as regional banks, tourism associations and leading local companies in various regions. We will continue to steadily expand TPL.

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© PARK24 CO., LTD

1. Consolidated Results for Q1

2. Results by Business Segment

3. Financial Position

‌【Table-10】 Consolidated Balance Sheet (Billion yen)
		End of FY2024	End of FY2025
				End of FY2026 Q1	Difference from end of FY2025
Total Assets		295.7	354.3	311.1	-43.2
	Cash and Deposits	48.7	80.4	32.9	-47.5
	Goodwill and contract-related intangibles	21.8	18.2	18.9	+0.7
Total Liabilities		217.5	256.1	240.0	-16.1
	Interest-Bearing Liabilities	143.9	172.6	166.0	-6.6
Total Net Assets		78.1	98.1	71.0	-27.1
	Shareholders' Equity	89.0	104.2	75.6	-28.6
Shareholders' Equity Ratio		30.1%	29.4%	24.3%	-5.1pt
Net D/E Ratio*		1.07	0.88	1.76	+0.88

Shareholders' equity 75.6 billion yen, shareholders' equity ratio of 24.3%.

Shareholders' equity decreased from the end of the previous fiscal year due to the U.K. subsidiary becoming wholly owned, but remained in line with expectations.

【Chart-12】 Shareholders' Equity (Billion yen)／Equity Ratio (%)

30.1%

29.4%

Shareholders' Equity Ratio

22.8%

24.3%

104.2

89.0

Shareholders' Equity

70.3

75.6

FY2023

FY2024

FY2025

2026

Q1

* Net D/E ratio = (Interest-bearing liabilities - Cash and Deposits) / Shareholders' equity

© PARK24 CO., LTD

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Ⅲ. Financial Position

Lastly, our financial position.

To start with, in December 2025 we completed the process of making our UK subsidiary a wholly owned subsidiary.

We jointly invested in the subsidiary in 2017 with the Development Bank of Japan (DBJ), and in response to DBJ exercising its put option, we completed the process of making it a wholly owned subsidiary, and shareholders' equity amounted to 75.6 billion yen as a result. This was in line with expectations, and heading toward the end of the fiscal year we will endeavor to steadily accumulate profit while further strengthening shareholders' equity.

Total assets were 311.1 billion yen, total liabilities were 240.0 billion yen, and total net assets were 71.0 billion yen.

Chart-12 shows the trend in shareholders' equity ratio, which stood at 24.3% as of the end of the first quarter of FY2026.

This concludes our report of results for the first quarter of FY2026. Thank you for your attention.

‌Disclaimer

© PARK24 CO., LTD

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Earnings targets, strategy as well as other information that appear in this document and have not been stated in the past are all forecasts based on information that the company has been able to currently obtain.

Actual earnings results may differ greatly from such forecasts depending on the changes in the economic environment and other uncertain factors.