PARK24 Co., Ltd.
Notice Regarding Changes in Consolidated Subsidiaries (Grandchild Subsidiaries) and Recording of Extraordinary Loss
Park24 Co., Ltd. plans to sell all 5,221,500 shares of its consolidated subsidiary TIMES24 SINGAPORE PTE. LTD. on April 28, 2026, and record an extraordinary loss of 3,000 million yen.
Key Figures
- Number of Shares Sold: 5,221,500 shares (100.0% Voting Rights Owned)
- Estimated Extraordinary Loss: 3,000 million yen (Scheduled for Recording in Q2 of Fiscal Year Ending October 2026)
- Scheduled Share Transfer Date: 2026-04-28
AI要約
Overview of Sale of Consolidated Subsidiary
Park24 Co., Ltd. resolved to sell all 5,221,500 shares of its consolidated subsidiary (grandchild subsidiary) TIMES24 SINGAPORE PTE. LTD., which operates parking lot business in Singapore. The buyer is Re Sustainability Solutions Pte Ltd. The transfer price is confidential due to confidentiality obligations but is recognized as a fair price. The sale is scheduled for April 28, 2026.
Background of the Sale and Future Outlook
The sale was decided considering the business feasibility and investment recovery regarding new investments related to responding to the Electronic Road Pricing System (ERP2.0) in Singapore. As a result of the sale, the company will be excluded from consolidated subsidiaries, and an extraordinary loss of 3,000 million yen is scheduled to be recorded in the second quarter consolidated accounting period of the fiscal year ending October 2026. This extraordinary loss has already been incorporated in the earnings guidance revision announced on March 17, 2026.
PARK24 Co., Ltd.
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