Park24 (4666) · FactAdvanced
Further Amendment to the Shareholders’ Agreement Relating to the Joint Investment in NCP
First written in FY2023-Q3. 1 of 3 entries say "Restated". Latest entry: FY2025.
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Future payment risk from the exercise of put options held by non-controlling interestsA theme 3 companies write about · 4 as a headwind · 0 as a tailwind
0 other companies' latest entry also says "Advanced".
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- FY2025AdvancedAnnual report
「As DBJ exercised its put option, Times24, which operates the Group's overseas parking business, will additionally acquire all of DBJ's shares in CP2, representing 49% of the company.」
Following DBJ's exercise of its put option, the Company additionally acquired a 49% interest in CP2 on 10 December 2025, making CP2 a wholly owned subsidiary. The acquisition cost was ¥29.282 billion. - FY2023RestatedAnnual report
「Put option period: 1 November 2025 to 28 February 2026」
The full-year disclosure repeats the period of DBJ's put option relating to the joint investment in NCP and the purchase mechanism upon exercise as a material contract. - FY2023-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 7 August 2023, the Company resolved to partially amend the shareholders' agreement with Development Bank of Japan Inc. (DBJ), its joint-investment partner in National Car Parks Limited (NCP), which operates a parking business in the United Kingdom.」
The shareholders' agreement with DBJ, the Company's joint-investment partner in NCP, was amended again, setting the period for DBJ's put option from 1 November 2025 to 28 February 2026. Under the agreement, if the option is exercised, the Company will purchase DBJ's 49% interest in NCP. The estimated purchase price as of December 2025, based on assumptions, is stated as approximately ¥30 billion, but no decision to make the purchase has been made.