Worth reading
55In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-49
¥ millions (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending September 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,142 million+5.8%
Operating profit¥1,513 million-3.2%
Ordinary income¥1,328 million-6.3%
Net income¥897 million-6.4%
Gross Profit Margin29.0%
Selling, general and administrative expenses¥1,138 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue exceeded plan, while gross profit and operating profit fell short of plan. The variance from plan for operating profit and below was minor.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Upfront costs at newly opened parking facilities
- Lower revenue due to heavy snowfall
- Revenue losses during the renovation of owned parking facilities
- Higher SG&A expenses due to office expansion and wage increases¥133 million
New initiatives
- Strengthening the partnership and collaboration with the ITOCHU Group
- Strengthening efforts to develop parking facilities attached to large-scale properties
- Regional No. 1 strategy to expand leased parking facilities around owned parking facilities
- Collaboration with developers, including the joint acquisition of subdivided land
Key KPIsA metric the company considers important as a management benchmark.
- Operating parking spaces51,000 parking spaces
- Bike Park members51,000 people
- Number of price increases732 Engagements
- Number of price reductions112 Engagements
- Price increase ratio87 %Year on year against the same period last year82% in the previous period
Segment results
- Leased parking facilitiesNet Sales¥7,314 million (YoY +5.2%)Gross profit¥1,265 million (YoY -0.7%)
- Owned parking facilitiesNet Sales¥1,516 million (YoY +8.2%)Gross profit¥1,215 million (YoY +7.1%)
- OtherNet Sales¥310 million (YoY +8.9%)Gross profit¥170 million (YoY +7.5%)
Financial targets
Equity ratio of 40.5% and fixed-rate debt ratio of approximately 90%. Target values are Not disclosedMarket Size / Share
Domestic parking industry revenue is shown in a trend chart in the presentation materials, but the latest specific market size and the company's market share are Not disclosedNumber of stores and locations
End of period2,676 parking facilities and 51,000 parking spaces (2,333 leased facilities and 45,112 spaces; 343 owned facilities and 5,888 spaces)
During the period187 openings and 5,685 parking spaces, 109 cancellations and 2,917 spaces, for a net increase of 78 facilities and 2,768 spaces
Number of employees
Number of Employees74 people
Capital expenditures
1,100 Millions of yen current-period investment in owned parking facilities
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending September 2026 |
| Net Sales | ¥9,142 million (YoY +5.8%) |
| Operating profit | ¥1,513 million (YoY -3.2%) |
| Ordinary income | ¥1,328 million (YoY -6.3%) |
| Net income | ¥897 million (YoY -6.4%) |
| Gross Profit Margin | 29.0% |
| Selling, general and administrative expenses | ¥1,138 million |
| Self-assessment against the plan | Revenue exceeded plan, while gross profit and operating profit fell short of plan. The variance from plan for operating profit and below was minor. |
| Segment results | Segment Leased parking facilities / Net Sales ¥7,314 million (YoY +5.2%) / Gross profit ¥1,265 million (YoY -0.7%), Segment Owned parking facilities / Net Sales ¥1,516 million (YoY +8.2%) / Gross profit ¥1,215 million (YoY +7.1%), Segment Other / Net Sales ¥310 million (YoY +8.9%) / Gross profit ¥170 million (YoY +7.5%) |
| Breakdown of Factors Affecting the Change | Factors Upfront costs at newly opened parking facilities / Amount Not disclosed, Factors Lower revenue due to heavy snowfall / Amount Not disclosed, Factors Revenue losses during the renovation of owned parking facilities / Amount Not disclosed, Factors Higher SG&A expenses due to office expansion and wage increases / Amount ¥133 million |
| Key KPIs | Operating parking spaces 51,000 parking spaces, Bike Park members 51,000 people, Number of price increases 732 Engagements, Number of price reductions 112 Engagements, Price increase ratio 87 % |
| Number of stores and locations | End of period 2,676 parking facilities and 51,000 parking spaces (2,333 leased facilities and 45,112 spaces; 343 owned facilities and 5,888 spaces) / During the period 187 openings and 5,685 parking spaces, 109 cancellations and 2,917 spaces, for a net increase of 78 facilities and 2,768 spaces |
| Number of employees | Number of Employees 74 people / Changes during the period and hiring plan Not disclosed |
| Financial targets | Equity ratio of 40.5% and fixed-rate debt ratio of approximately 90%. Target values are Not disclosed |
| Capital expenditures | 1,100 Millions of yen (current-period investment in owned parking facilities) |
| Market Size / Share | Domestic parking industry revenue is shown in a trend chart in the presentation materials, but the latest specific market size and the company's market share are Not disclosed |
| New initiatives | Strengthening the partnership and collaboration with the ITOCHU Group, Strengthening efforts to develop parking facilities attached to large-scale properties, Regional No. 1 strategy to expand leased parking facilities around owned parking facilities, Collaboration with developers, including the joint acquisition of subdivided land |
Items this document does not state (13)
Operating profit marginResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesOrders received and order backlogKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.SG&A expenses increased due to upfront costs at newly opened parking facilities, heavy snowfall in Hokkaido, Aomori Prefecture and Niigata Prefecture, revenue losses during the renovation of owned parking facilities, and office expansion and wage increases aimed at recruiting and retaining talented personnel.
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