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.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"4666","jir_company_name":"Park24 Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-19","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/4666-20260319-01.pdf","jir_short_summary":"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.","jir_summary":"### Overview of Sale of Consolidated Subsidiary\nPark24 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.\n\n### Background of the Sale and Future Outlook\nThe 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.","jir_financial_highlights":"Number of Shares Sold: 5,221,500 shares (100.0% Sold)\nExtraordinary Loss: 3,000 million yen (Unknown)\nScheduled Sale Date: 2026-04-28 (Unknown)","jir_category":"","jir_hashtags":"#Park24CoLtd, #CorporateRestructuring, #SaleOfConsolidatedSubsidiary","jir_key_figures":"Number of Shares Sold: 5,221,500 shares (100.0% Voting Rights Owned)\nEstimated Extraordinary Loss: 3,000 million yen (Scheduled for Recording in Q2 of Fiscal Year Ending October 2026)\nScheduled Share Transfer Date: 2026-04-28","jir_meta_title":"Park24 Co., Ltd. Announces Sale of All Shares in TIMES24 SINGAPORE and Recording of 3,000 Million Yen Extraordinary Loss","jir_meta_description":"Park24 Co., Ltd. announced the sale of all 5,221,500 shares of its consolidated subsidiary TIMES24 SINGAPORE PTE. LTD. on April 28, 2026, and plans to record an extraordinary loss of 3,000 million yen.","jir_og_title":"Park24 Co., Ltd. Announces Sale of Consolidated Subsidiary and Recording of Extraordinary Loss","jir_og_description":"Plans to record an extraordinary loss of 3,000 million yen associated with the sale of all shares of TIMES24 SINGAPORE PTE. LTD. For details, please refer to the IR materials announced on March 19, 2026.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8064,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-35624","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n