Park24 Co. Ltd. Sponsored ADR (3WN)

Overview

PARK24 Co., Ltd., founded in 1971 and headquartered in Tokyo, Japan, is a leading provider of parking facility management services. The company has a robust presence both in Japan and internationally, operating through three primary segments: Parking Business Japan, Parking Business International, and Mobility Business. PARK24 Co., Ltd. specializes in operating hourly parking facilities, providing solutions for non-passenger vehicles, and offering both reserved and monthly parking services among others. Through innovation and diversification, the company extends beyond traditional parking services to meet the evolving mobility needs of the modern world.

Products and Services

• Hourly and Reserved Parking Facilities

Operates parking lots for vehicles on an hourly basis, including provisions for reserving parking spaces in advance to ensure availability. This service caters to the immediate and planned parking needs of drivers in urban and densely populated areas.

• Parking for Non-Passenger Vehicles

Offers parking solutions for a wide range of non-passenger vehicles, such as large vehicles, motorcycles, and bicycles. This service ensures safe and convenient parking spaces for all types of vehicles, catering to the diverse needs of the community.

• Overseas Parking Facilities

Expands its service offerings beyond Japan, operating parking facilities internationally. This includes patrolled parking facilities, providing a secure parking environment for users around the globe.

• Monthly Parking Services

Provides monthly parking subscriptions to cater to individuals and businesses that require long-term parking solutions. This service offers convenience and cost-effective options for regular parking users.

• Pay and Display Parking Services

Utilizes pay and display machines for parking payments, offering users a self-service model that enhances efficiency and reduces wait times at parking facilities.

• Times CAR RENTAL & Times CAR

Offers a rent-a-car service (Times CAR RENTAL) and a membership-based unattended rent-a-car service (Times CAR), providing convenient, on-the-go mobility solutions for individuals needing temporary vehicle access.

• Membership Services

Includes Times Club, a membership service for drivers, and Times Business, which caters to corporate customers with tailored mobility and parking solutions.

• Times PAY

A payment service designed for the service industry, enabling seamless transactions in restaurants, retail outlets, and more, facilitating a smoother customer experience.

• Road Service and Insurance Agency Services

Offers a membership-based road service for emergency assistance and insurance agency services, including insurance consultation and financial planning, providing comprehensive support for drivers and vehicle owners.