26/10 Q2 results: Signs of return to strong growth at mobility business segment: Quick Note

研报英文原文证据摘录

26/10 Q2 results: Signs of return to strong growth at mobility business segment: Quick Note

Global Markets Research

15 June 2026Park24

4666.T 4666 JP / EQUITY: JAPAN HOUSING & REAL ESTATE

26/10 Q2 results: Signs of return to strong growth Rating Buyat mobility business segment

Target price JPY 2,900Quick Note

Closing price

15 June 2026 JPY 1,864.5First impression positive: Q2 operating profits beat our forecast; lower-than-

expected extraordinary losses on UK reorganization likely to boost balance sheet

and raise expectations about additional shareholder returns (Note: Quick Note reports are not a

vehicle for changes to ratings, targetPark24 released 26/10 Q2 (Feb-Apr) results at 16:00 JST on 15 June, posting H1

prices, or earnings forecasts)operating profits of ¥17.3bn versus our forecast of ¥16.9bn and guidance of ¥16.2bn. We

think its share price has remained weak because of cautious views about parking lot and

car sharing demand and cost increases caused by soaring gasoline prices. However,

preliminary data for May showed that sales at the parking business Japan segment were

up 10%, maintaining the level of growth seen in Q1, prior to the crisis in the Middle East. Research Analysts

We view this as a positive for the share price. Japan autos & auto parts

The company raised its full-year operating profit guidance by ¥1.0bn to ¥42.5bn, mainly to Wataru Ishimoto - NSC

wataru.ishimoto@nomura.comreflect outperformance in H1. It lowered its sales guidance for the mobility business

+81 3 6703 1802

segment by ¥2.4bn to reflect underperformance in H1. However, it raised its outlook for

vehicle sales and retained its overall profit guidance for the mobility business segment.

The number of members per vehicle at the car sharing scheme rose 0.2% y-y in April,