NIPPON PARKING DEVELOPMENT Co (2353) Q4 2024 earnings summary

Executive summary

• Revenue reached ¥32,693 million, up 2.6% year-over-year, with all profit stages hitting record highs.

• Operating income rose 4.2% to ¥6,461 million, and net income attributable to shareholders increased 15.8% to ¥5,104 million.

• Excluding last year’s one-time real estate sale, operating income grew 11.1% year-over-year.

Financial highlights

• Gross profit was ¥12,666 million, up from ¥11,972 million year-over-year.

• Operating margin was 19.8%, and net margin was 15.6% for the period.

• Cash and equivalents at period-end were ¥16,375 million, up ¥5,377 million from the previous year.

• Total assets increased to ¥42,136 million, and equity rose to ¥18,567 million.

• EPS was ¥16.10, up from ¥13.81 year-over-year.

Outlook and guidance

• FY2025 revenue is forecast at ¥36,400 million (+11.3%), with operating income of ¥7,000 million (+8.3%).

• Net income is expected to decrease to ¥4,700 million (-7.9%) due to anticipated higher costs and investments.

• Segment guidance: parking revenue +6.8%, ski resorts +16.4%, theme parks +15.3% year-over-year.

• Dividend per share to increase to ¥7.00 (+27.3%), marking the 15th consecutive annual increase.