PARK24 Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending October 31, 2021
June 14, 2021 at 04:28 am EDT
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PARK24 Co., Ltd. revised consolidated earnings guidance for the fiscal year ending October 31, 2021. For the year, the company revised net sales guidance of JPY 255,000 million compared to previous guidance of JPY 282,000 million. Revised operating loss guidance of JPY 3,500 million compared to previous guidance profit of JPY13,500 million. Revised loss attributable to owners of the parent guidance of JPY 9,500 million compared to previous guidance profit of JPY 5,000 million. Revised loss per share guidance of JPY 61.48 compared to previous guidance profit per share of JPY 32.36.
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.