PARK24 Co., Ltd. Provides Consolidated Earnings Guidance for the Half Year and Full Year of Fiscal Ending October 31, 2022
March 15, 2022 at 07:01 am EDT
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PARK24 Co., Ltd. provided consolidated earnings guidance for the half year and full year of fiscal ending October 31, 2022. For the half year, the company expects net sales of JPY 137,000 million, operating loss of JPY 5,000 million.
For the full year, the company expects net sales of JPY 283,000 million, operating profit of JPY 13,500 million and profit attributable to owners of parent of JPY 2,500 million or net income per share of JPY 16.18.
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.