Nippon Parking Development Co., Ltd. (TSE: 2353), a Tokyo-listed operator of parking facilities and leisure businesses, reported its third-quarter (nine-month cumulative) results for the fiscal year ending July 2026 on June 5, 2026, covering the period from August 1, 2025 to April 30, 2026. Consolidated revenue grew 9.4% year-on-year to ¥31,107 million, while operating profit rose 5.6% to ¥7,016 million. Ordinary profit climbed 8.4% to ¥7,178 million, and net profit attributable to owners of the parent increased 11.6% to ¥4,208 million, up from ¥3,770 million a year earlier. Earnings per share advanced to ¥13.26, with diluted EPS of ¥13.17.
The result reflects steady expansion in the group's core parking operations and continued growth in its leisure and resort services segment. Comprehensive income rose 22.3% to ¥5,593 million, outpacing the net profit growth rate and signalling favourable movements in non-operating items. The company added one new consolidated subsidiary during the period — Izu Kanko Kaihatsu Co., Ltd. — expanding its leisure footprint into the Izu Peninsula tourism region. No subsidiaries were excluded from consolidation.
Parking and leisure segments drive steady top-line gains
Nippon Parking Development operates a diversified portfolio centred on parking-facility management across Japan, ski resort operations, and other leisure and tourism services. The 9.4% revenue gain reflects higher utilisation at managed parking facilities supported by recovering domestic travel demand, as well as contributions from the newly consolidated Izu Kanko Kaihatsu. The operating profit margin narrowed modestly — operating profit grew at a slower pace than revenue (+5.6% vs +9.4%) — indicating some cost pressure or mix effect from the leisure additions, though absolute operating profitability remains robust at a margin of approximately 22.6% of revenue. The company maintained its guidance without revision, a sign that management is comfortable with the trajectory heading into the final quarter.
Balance sheet expands on asset consolidation
Total consolidated assets rose to ¥60,007 million at the end of the third quarter, up from ¥49,984 million at the prior fiscal year-end — an increase that reflects the addition of Izu Kanko Kaihatsu and ongoing investment in the parking and resort portfolio. Net assets reached ¥24,237 million versus ¥22,875 million at year-end FY2025, and the equity ratio came in at 32.6%, down from 38.3% at the prior year-end. The equity ratio decline is consistent with asset-base expansion outpacing net-asset growth in the near term, rather than any deterioration in financial health. Shareholders' equity stood at ¥19,541 million.
Full-year guidance maintained; ¥9 dividend confirmed
Nippon Parking Development reaffirmed its full-year guidance for the fiscal year ending July 2026 without revision: revenue of ¥40,800 million (+10.8%), operating profit of ¥8,500 million (+11.0%), ordinary profit of ¥8,500 million (+8.5%), and net profit attributable to owners of ¥5,700 million (+18.8%), equivalent to full-year EPS of ¥17.87. With three quarters of the fiscal year now complete, revenue has reached 76.2% of the full-year target and operating profit 82.5%, suggesting the company is well on track. The annual dividend forecast of ¥9.00 per share — up from ¥8.00 in FY2025 — was also confirmed, with no interim dividend at Q2 (as in the prior year) and the full amount payable at year-end.
| Metric | Q3 FY2026 | Q3 FY2025 | YoY |
|---|---|---|---|
| Revenue (¥ million) | 31,107 | 28,441 | +9.4% |
| Operating profit (¥ million) | 7,016 | 6,647 | +5.6% |
| Ordinary profit (¥ million) | 7,178 | 6,621 | +8.4% |
| Net profit attrib. to owners (¥ million) | 4,208 | 3,770 | +11.6% |
| EPS (¥) | 13.26 | 11.82 | +11.7% |
| Diluted EPS (¥) | 13.17 | 11.76 | +11.9% |
| Comprehensive income (¥ million) | 5,593 | 4,571 | +22.3% |
| Total assets (¥ million) | 60,007 | 49,984 | +20.0% |
| Net assets (¥ million) | 24,237 | 22,875 | +6.0% |
| Equity ratio | 32.6% | 38.3% | −5.7pp |
| Annual dividend forecast (¥) | 9.00 | 8.00 | +12.5% |
| FY guidance — revenue (¥ million) | 40,800 | — | +10.8% |
| FY guidance — operating profit (¥ million) | 8,500 | — | +11.0% |
| FY guidance — ordinary profit (¥ million) | 8,500 | — | +8.5% |
| FY guidance — net profit (¥ million) | 5,700 | — | +18.8% |
| FY guidance — EPS (¥) | 17.87 | — | — |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.