The PARK24 GROUP’s basic business model is to increase the occupancy of ‘places (parking lots)’ and ‘cars’, i.e. to maximize our asset value and utilize them without waste, and to develop a circular business in which the economic and social value generated increases in tandem as the occupancy increases. We strongly recognize that incorporating a sustainability perspective into our management is one of our corporate social responsibilities and intends to contribute to the realization of a sustainable society by further refining our circular economy business model, which we have consistently followed since the GROUP’s establishment.

PARK24 GROUP and Sustainability

In the parking business, we are helping to solve the social problem of parking shortages by expanding the number of parking facilities, while contributing to reducing traffic congestion and accidents caused by illegal on-street parking. Furthermore, in the mobility business, our Times CAR vehicles are shared by customers, which leads to more efficient use of resources for vehicle manufacturing. In addition, HVs currently account for approximately 50% of our fleet, which is higher than the ratio of HV vehicles in the world, and thus contribute to reducing CO2 emissions through improved fuel efficiency. The installation of EVs and EV chargers, which have become a hot topic in recent years, is the subject of multiple trials in Japan to understand customer usage trends and other factors, as well as to study the penetration rate, needs and service systems to be provided from various perspectives. Although the hurdles to introduction are not low, we will consider introducing them as necessary while monitoring the market situation.​

Our unique strength is the ability to provide sharing businesses in a single ‘location’ by combining parking and mobility services or new businesses, depending on the characteristics of the location. By utilizing this strength as a source of economic and social value creation and aiming to realize the five materialities identified, we hope to continue to be the ‘transport infrastructure service company’ of choice in society.

PARK24 GROUP's Materiality

Takao Miki,
Director, Senior Corporate Officer,
PARK24 CO., LTD.