Risk of Termination of Leased Parking Lot Contracts
First written in FY2016. 14 of 34 entries say "Worsened", first in FY2018-Q3. Latest entry: 2026-05-22.
Paraca moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Worsened".
- 2026-05-22WorsenedFinancial results briefing materials
「Cancellations 109 facilities 2,917 spaces Cancellations of parking facilities attached to large-scale properties (approximately 1,400 spaces)」
Cancellations of leased parking facilities increased to 109 facilities and 2,917 spaces, mainly due to the cancellation of approximately 1,400 spaces at parking facilities attached to large-scale properties. The cancellation rate was 6.0% based on the number of spaces at the end of the previous fiscal year. - FY2026-H1WorsenedAnnual report
「During the interim accounting period, the Company opened 175 facilities with 5,560 spaces and cancelled or otherwise closed 107 facilities with 2,907 spaces, resulting in a net increase of 68 facilities and 2,653 spaces.」
Leased parking closures and other terminations totaled 107 sites and 2,907 spaces, up from 88 sites and 1,142 spaces in the same period of the previous fiscal year in both sites and spaces. Openings exceeded closures and other terminations, and the net increase continued. - 2026-05-13WorsenedEarnings
「During the interim accounting period, the Company opened 175 facilities with 5,560 spaces and cancelled or otherwise closed 107 facilities with 2,907 spaces, resulting in a net increase of 68 facilities and 2,653 spaces.」
Although cancellations and other closures of leased parking facilities amounted to 107 facilities and 2,907 spaces, openings exceeded closures and the net increase continued. - FY2025WorsenedAnnual report
「During the fiscal year, the Company opened 307 sites with 10,843 parking spaces and closed or otherwise terminated 186 sites with 3,380 spaces, resulting in a net increase of 121 sites and 7,463 spaces.」
Leased parking closures and other terminations totaled 186 sites and 3,380 spaces, up from 165 sites and 2,096 spaces in the previous fiscal year in both sites and spaces. However, openings exceeded closures and other terminations, and the net increase continued. - FY2025-H1WorsenedAnnual report
「During the six-month period, the Company opened 148 sites with 5,559 parking spaces and closed or otherwise terminated 88 sites with 1,142 spaces, resulting in a net increase of 60 sites and 4,417 spaces.」
Leased parking closures and other terminations totaled 88 sites and 1,142 spaces, up from 30 sites and 407 spaces in the same period of the previous fiscal year in both sites and spaces. Openings exceeded closures and other terminations, and the net increase continued. - FY2024WorsenedAnnual report
「When installing leased parking facilities, the Company enters into leases with landowners, with the Company as lessee. These leases generally have an initial term of 2 to 3 years and are automatically renewed annually after the initial term expires. However, if many of the leases for leased parking facilities are terminated at the landowners’ discretion, this could materially affect the Company’s financial results and other aspects of its business.」
The Company continues to explicitly disclose the possibility of terminating leases. Annual closures and other terminations totaled 165 sites and 2,096 spaces, up from 96 sites and 1,548 spaces in the previous fiscal year in both sites and spaces. - FY2024-Q1WorsenedAnnual report
「During the first three months of the fiscal year, the Company opened 106 sites with 1,976 parking spaces and closed or otherwise terminated 30 sites with 407 spaces, resulting in a net increase of 76 sites and 1,569 spaces.」
Leased parking closures and other terminations totaled 30 sites and 407 spaces, up from 19 sites and 224 spaces in the same period of the previous fiscal year in both sites and spaces. Openings exceeded closures and other terminations, and the net increase continued. - FY2023More cancelled parking spaces, with net increase continuingAnnual report
「During the fiscal year, the Company opened 241 sites with 3,442 parking spaces and closed or otherwise terminated 96 sites with 1,548 spaces, resulting in a net increase of 145 sites and 1,894 spaces.」
Leased parking closures and other terminations totaled 96 sites and 1,548 spaces, down from 104 sites and 1,070 spaces in the previous fiscal year in terms of sites but up in terms of spaces. Openings exceeded closures and other terminations, and the net increase continued. - FY2023-Q3More cancellations and parking spaces, with net increase continuingAnnual report
「During the cumulative third quarter, 162 sites with 2,068 parking spaces were opened and 65 sites with 996 parking spaces were cancelled or otherwise removed, resulting in a net increase of 97 sites and 1,072 parking spaces.」
Cancellations or other removals at leased parking facilities totaled 65 sites and 996 parking spaces. Compared with 82 sites and 820 parking spaces in the same period of the previous year, the number of sites decreased while the number of parking spaces increased. Openings exceeded cancellations or other removals, and the net increase continued. - FY2023-Q2Fewer cancellations and more parking spaces, with net increase continuingAnnual report
「During the cumulative second quarter, 97 sites with 1,103 parking spaces were opened and 46 sites with 623 parking spaces were cancelled or otherwise removed, resulting in a net increase of 51 sites and 480 parking spaces.」
Cancellations or other removals at leased parking facilities totaled 46 sites and 623 parking spaces. Compared with 58 sites and 583 parking spaces in the same period of the previous year, the number of sites decreased while the number of parking spaces increased. Openings exceeded cancellations or other removals, and the net increase continued. - FY2023-Q1MitigatedAnnual report
「During the cumulative first quarter, 55 sites with 711 parking spaces were opened and 19 sites with 224 parking spaces were cancelled or otherwise removed, resulting in a net increase of 36 sites and 487 parking spaces.」
Cancellations or other removals at leased parking facilities totaled 19 sites and 224 parking spaces, a smaller scale than the 104 sites and 1,070 parking spaces in the previous fiscal year. Openings exceeded cancellations or other removals, resulting in a net increase during the cumulative quarter. - FY2022MitigatedAnnual report
「During the fiscal year, 166 sites with 3,551 parking spaces were opened and 104 sites with 1,070 parking spaces were cancelled or otherwise removed, resulting in a net increase of 62 sites and 2,481 parking spaces.」
Cancellations or other removals at leased parking facilities decreased from 162 sites and 2,022 parking spaces in the previous fiscal year to 104 sites and 1,070 parking spaces, while openings exceeded cancellations or other removals during the fiscal year. - FY2022-Q3MitigatedAnnual report
「During the cumulative third quarter, 111 sites with 2,720 parking spaces were opened and 82 sites with 820 parking spaces were cancelled or otherwise removed, resulting in a net increase of 29 sites and 1,900 parking spaces.」
Cancellations or other removals at leased parking facilities decreased from 127 sites and 1,561 parking spaces in the same period of the previous year to 82 sites and 820 parking spaces. During the cumulative third quarter, openings exceeded cancellations or other removals, resulting in a net increase. Cancellations themselves, however, continued to occur. - FY2022-Q2MitigatedAnnual report
「During the cumulative second quarter, 68 sites with 1,833 parking spaces were opened and 58 sites with 583 parking spaces were cancelled or otherwise removed, resulting in a net increase of 10 sites and 1,250 parking spaces.」
The scale of cancellations or other removals decreased from 94 sites and 917 parking spaces in the same period of the previous year. During the cumulative quarter, openings exceeded cancellations or other removals, resulting in a net increase in leased parking facilities. - FY2022-Q1MitigatedAnnual report
「During the cumulative first quarter, 36 sites with 462 parking spaces were opened and 31 sites with 362 parking spaces were cancelled or otherwise removed, resulting in a net increase of 5 sites and 100 parking spaces.」
Cancellations or other removals at leased parking facilities totaled 31 sites and 362 parking spaces, a smaller scale than the 162 sites and 2,022 parking spaces in the previous fiscal year. Openings exceeded cancellations or other removals during the quarter, although cancellations themselves continued to occur. - FY2021MitigatedAnnual report
「During the fiscal year, 116 sites with 1,488 parking spaces were opened and 162 sites with 2,022 parking spaces were cancelled or otherwise removed, resulting in a net decrease of 46 sites and 534 parking spaces.」
Cancellations or other removals at leased parking facilities decreased from 239 sites and 3,212 parking spaces in the previous fiscal year to 162 sites and 2,022 parking spaces, reducing the annual scale of cancellations. However, the number of cancellations or other removals exceeded openings, and the net decrease continued. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter, 90 sites with 1,265 parking spaces were opened and 127 sites with 1,561 parking spaces were cancelled or otherwise removed, resulting in a net decrease of 37 sites and 296 parking spaces.」
Cancellations or other removals at leased parking facilities totaled 127 sites and 1,561 parking spaces, up from 94 sites and 917 parking spaces in the cumulative previous quarter in both site count and parking-space count. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter, 66 sites with 996 parking spaces were opened and 94 sites with 917 parking spaces were cancelled or otherwise removed, resulting in a net decrease of 28 sites but a net increase of 79 parking spaces.」
Cancellations or other removals at leased parking facilities totaled 94 sites and 917 parking spaces, and contract cancellations continued to affect the scale of operations. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter, 31 sites with 349 parking spaces were opened and 60 sites with 611 parking spaces were cancelled or otherwise removed, resulting in a net decrease of 29 sites and 262 parking spaces.」
Cancellations or other removals at leased parking facilities totaled 60 sites and 611 parking spaces, up from 53 sites and 512 parking spaces in the same period of the previous year in both site count and parking-space count. - FY2020WorsenedAnnual report
「During the fiscal year, 147 sites with 2,842 parking spaces were opened and 239 sites with 3,212 parking spaces were cancelled or otherwise removed, resulting in a net decrease of 92 sites and 370 parking spaces.」
Annual cancellations or other removals at leased parking facilities totaled 239 sites and 3,212 parking spaces, up from 189 sites and 2,870 parking spaces in the previous fiscal year in both site count and parking-space count. - FY2020-Q3More cancellations, fewer parking spacesAnnual report
「During the cumulative third quarter, 131 sites with 2,565 parking spaces were opened and 165 sites with 1,891 parking spaces were cancelled or otherwise removed, resulting in a net decrease of 34 sites but a net increase of 674 parking spaces.」
Cancellations or other removals at leased parking facilities totaled 165 sites and 1,891 parking spaces. Compared with 146 sites and 2,216 parking spaces in the same period of the previous year, the number of cancellations increased while the number of cancelled parking spaces decreased. - FY2020-Q2More cancellations, while parking-space count remains broadly flatAnnual report
「During the cumulative second quarter, 101 sites with 2,077 parking spaces were opened and 100 sites with 1,043 parking spaces were cancelled or otherwise removed, resulting in a net increase of 1 site and 1,034 parking spaces.」
Cancellations or other removals at leased parking facilities totaled 100 sites and 1,043 parking spaces. Compared with 73 sites and 1,029 parking spaces in the same period of the previous year, the number of sites increased while the number of parking spaces remained broadly at the same level. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, 69 sites with 1,613 parking spaces were opened and 53 sites with 512 parking spaces were cancelled or otherwise removed, resulting in a net increase of 16 sites and 1,101 parking spaces.」
Cancellations or other removals at leased parking facilities totaled 53 sites and 512 parking spaces, indicating that cancellations of lease contracts are continuing to occur. - FY2019WorsenedAnnual report
「During the fiscal year, as in the previous fiscal year, 189 sites with 2,870 parking spaces were cancelled in major metropolitan areas including Tokyo, Osaka and Nagoya due to condominium, office-building and hotel development.」
Cancellations due to construction and development in major metropolitan areas continued, with annual cancellations or other removals totaling 189 sites and 2,870 parking spaces. Both the number of sites and the number of parking spaces increased from 163 sites and 2,499 parking spaces in the previous fiscal year. - FY2019-Q3WorsenedAnnual report
「During the cumulative third quarter, 171 sites with 3,770 parking spaces were opened and 146 sites with 2,216 parking spaces were cancelled or otherwise removed, resulting in a net increase of 25 sites and 1,554 parking spaces.」
Cancellations or other removals at leased parking facilities totaled 146 sites and 2,216 parking spaces. Both the number of sites and the number of parking spaces increased from 123 sites and 1,851 parking spaces in the same period of the previous year, indicating that the scale of cancellations is expanding. - FY2018WorsenedAnnual report
「Although cancellations increased, mainly at high-revenue parking facilities, revenue amounted to ¥11,238 million, up 9.6% from the previous fiscal year, as new site development remained solid.」
The increase in cancellations, mainly at high-revenue parking facilities, is explicitly identified as a factor in annual performance, and cancellations or other removals at leased parking facilities totaled 163 sites and 2,499 parking spaces. - FY2018-Q3WorsenedAnnual report
「During the cumulative third quarter, new site development progressed steadily and revenue from existing parking facilities increased. However, cancellations increased, particularly at high-revenue parking facilities in prime locations, due to the construction of hotels, offices and condominiums, and earnings declined year on year due to the impact of heavy snowfall in the Hokuriku region from January to February, known as the 2018 Hokuriku heavy snowfall. During the cumulative third quarter, 225 sites with 2,845 parking spaces were opened and 123 sites with 1,851 parking spaces were cancelled or otherwise removed, resulting in a net increase of 102 sites and 994 parking spaces.」
The company reports an increase in cancellations, mainly at high-revenue parking facilities in prime locations, due to construction, with 123 sites and 1,851 parking spaces cancelled or otherwise removed at leased parking facilities. The materialization and scale of the contract cancellation risk are indicated more strongly than in the previous report. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter, 139 sites with 1,819 parking spaces were opened and 73 sites with 1,029 parking spaces were cancelled or otherwise removed, resulting in a net increase of 66 sites and 790 parking spaces.」
Cancellations or other removals at leased parking facilities totaled 73 sites and 1,029 parking spaces, indicating that cancellations of lease contracts are continuing to occur. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter, 84 sites with 1,176 parking spaces were opened and 38 sites with 543 parking spaces were cancelled or otherwise removed, resulting in a net increase of 46 sites and 633 parking spaces.」
Cancellations or other removals at leased parking facilities totaled 38 sites and 543 parking spaces, indicating that cancellations of lease contracts are continuing to occur. - FY2017RestatedAnnual report
「When installing leased parking facilities, we enter into lease contracts with landowners under which the company is the lessee. These contracts generally have an initial term of 2 to 3 years and automatically renew annually after the initial term expires, but the contracts may be cancelled at the landowner's discretion.」
The company again explicitly identifies as a risk the initial term of lease contracts, automatic renewal, and the possibility of cancellation at the landowner's discretion. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter, 222 sites with 3,932 parking spaces were opened and 86 sites with 1,519 parking spaces were cancelled or otherwise removed, resulting in a net increase of 136 sites and 2,413 parking spaces.」
Cancellations or other removals at leased parking facilities totaled 86 sites and 1,519 parking spaces, indicating that cancellations of lease contracts are continuing. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter, 173 sites with 2,147 parking spaces were opened and 46 sites with 747 parking spaces were cancelled or otherwise removed, resulting in a net increase of 127 sites and 1,400 parking spaces.」
Cancellations or other removals at leased parking facilities totaled 46 sites and 747 parking spaces, indicating that cancellations of lease contracts are continuing. - FY2017-Q1RestatedAnnual report
「In addition, because the contract for a large parking facility in Kyoto ended at the end of July 2016, revenue was limited to ¥2,498 million, up 0.8% year on year.」
The end of the contract for a large parking facility in Kyoto in the previous fiscal year is again cited as a factor affecting revenue from leased parking facilities in the current quarter. - FY2016MaterialisedAnnual report
「Meanwhile, cancellations increased from the previous fiscal year to 99 sites with 2,290 parking spaces. This was because a large parking facility in Kyoto with 751 parking spaces at 1 site reached the end of its contract at the end of July 2016.」
The company explains that lease contracts generally run for 2 to 3 years and may be cancelled at the landowner's discretion, while cancellations, including those involving a large parking facility, actually occurred during the fiscal year.