What Times 24 does

Times 24 Co., Ltd. (タイムズ２４株式会社) is a Japanese for-profit private corporation and the core parking-operations subsidiary of the PARK24 Group, headquartered in Shinagawa, Tokyo. Established in its current form on May 1, 2011, following PARK24 Group's transition to a holding company structure, Times 24 operates Japan's largest time-based parking network under the Times Parking brand, with 909,000 spaces across 6,690 camera-managed facilities as of May 31, 2026, holding the No.1 domestic market share.

The company's core operations span time-based hourly parking, monthly leases, reserved parking, and a white-label Times Platform Service that licenses its parking operations technology to third-party operators. Its underlying technology stack is built around the internally developed TONIC online parking management system and a camera-based license plate recognition platform that achieves 99.9% recognition accuracy and eliminates physical gates, tickets, and lock plates. The platform supports cashless payment through multiple Japanese transit IC cards (Suica, PASMO, ICOCA, PiTaPa), electronic money (WAON, nanaco), and smartphone web/app-based payment. In 2024, the camera-based parking solution received the Good Design Award from the Japan Institute of Design Promotion.

Times 24 generates revenue primarily through transactional hourly parking fees, recurring monthly lease contracts, advance reservations, and subscription-based licensing of its management platform. It serves a diversified customer base spanning individual drivers via the 12M+ member Times Club program, parking and land owners seeking professional facility management, hospitals, government and municipal clients, retail and tourism operators, and third-party parking operators. The company is led by President and CEO Koichi Nishikawa and is operationally integrated with the broader PARK24 Group mobility ecosystem, which includes car sharing (Times Mobility), rental car services, and integrations with 22 railway operators for Park & Ride services.

Name

Times 24

Legal name

タイムズ２４株式会社

Website

https://times24.co.jp

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Times 24 is Japan's largest time-based parking operator (909,000 spaces, No.1 domestic market share) and core subsidiary of PARK24 Group, operating the Times Parking brand nationwide. It serves individual drivers, land owners, hospitals, municipalities, and retailers via proprietary camera-based parking technology and the TONIC management system.

Ownership category

akta.pro rank

Product category

Parking Facility Operations

NAICS

Parking Lots and Garages (81293)

SIC

Services-Automotive Repair, Services & Parking (7500)

akta.pro primary industry

Off-Street Parking Facilities Operations (Garages, Lots, Park-and-Ride) (TLAJAIAB)

akta.pro secondary industries

Digital Payments & Enforcement for Parking (Mobile Pay, LPR/ANPR, Citation Mgmt) (TLAJAIAE), Event Parking & Traffic Management (BPABAKAF), Parking & Curbside Management Authorities (Municipal Parking, Permits, Loading Zones) (BPAIALAL)

Keywords

• Parking facility operations
• Unmanned parking management
• Camera-based parking systems
• License plate recognition
• Monthly parking leases

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Time-based Parking Fees (時間貸駐車場): Primary revenue stream from hourly parking charges at Times Parking branded facilities. Rates vary by location (e.g., 100–300 yen per 30-minute increment with maximum daily caps), managed via unmanned automated systems with cashless payment.
2. Monthly Parking Leases (月極駐車場): Fixed monthly rental revenue from dedicated monthly parking spaces at Times-managed facilities.
3. Reserved Parking & Platform Services: Revenue from advance-reserved parking services and the Times Platform Service, which provides parking operations technology and management solutions to third-party parking operators.
4. Times Platform Service (駐車場運営ソリューション): Provides complete parking operations technology stack (TONIC system, camera management, payment processing, analytics) to external parking operators who manage their own branded facilities using Times infrastructure.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Times 24 operates Japan's largest time-based parking network (909,000 spaces, No. 1 domestic market share) under the Times Parking brand, providing unmanned 24/7 parking using proprietary camera-based license plate recognition technology and the internally developed TONIC management system. The company provides hourly, monthly, and reserved parking to individuals, mobile event parking via Times Parking Caravan, parking management services to hospitals, governments, commercial and tourism facilities under management contracts, and a Times Platform Service (white-label) that licenses the full operations technology stack to third-party parking operators.

Product overview

Times 24是Park24集团旗下的停车场运营公司，提供以「タイムズパーキング」为核心的停车场服务。主要产品包括：时间贷停车场「タイムズパーキング」（时间制/月极制/预约制）、移动式停车场服务「タイムズパーキング キャラバン」、获得2024年GOOD DESIGN奖的「カメラ式駐車場」（摄像头式停车场系统）、B2B解决方案「タイムズプラットフォームサービス」，以及会员服务、支付搜索预约、次世代停车场系统、管理体制等配套服务。同时通过ICT部门提供技术支持，运用独自开发的「TONIC」在线管理系统和AI技术实现全国无人停车场的智能管理。

Differentiator

Problem solved

Functional benefit

Brands

• タイムズパーキングキャラバン: 移動式駐車場管理サービス。イベント時の臨時設置に次世代の移動式駐車場管理運営サービス。
• カメラ式駐車場
• タイムズプラットフォームサービス
• タイムズクラブ

Products and services

• Times Parking Time-based Parking (タイムズパーキング 時間貸駐車場) Hourly unmanned parking service operating 24/7 at Times Parking branded facilities across Japan, charged per 30-minute increments with location-variable rates (e.g., 100–300 yen per 30 min) and maximum daily/nightly discount caps. Available to individual drivers via walk-in, the times-info.net search portal, and the Times Club mobile app, with cashless payment via credit card, e-money, QR code, or transit IC card (Suica, PASMO, ICOCA, etc.).
• Times Parking Monthly Parking (タイムズパーキング 月極駐車場) Fixed monthly rental parking service at Times-managed facilities, providing dedicated monthly spaces to individuals and businesses for ongoing parking needs. Contract-specific pricing; available as a recurring subscription product.
• Times Parking Reserved Parking (タイムズパーキング 予約制駐車場) Advance-reservation parking service allowing customers to book a specific Times Parking space ahead of arrival, available via the Times Club mobile app and times-info.net portal. Provides guaranteed availability for planned visits to events, venues, or high-demand locations.
• Times Parking Caravan (タイムズパーキングキャラバン) Mobile temporary parking management service using dedicated vehicles equipped with camera systems, cashless payment kiosks, and solar panel power generation. Enables temporary parking lot setup in as little as 4 hours for events and seasonal tourism demand. Used by municipal governments (Nakafurano Town) and event organizers (Lavender Festival Kamifurano Operations Committee). Recognition rate cited at 99.99% for the Caravan.
• Times Platform Service (タイムズプラットフォームサービス) White-label B2B parking operations solution providing third-party operators with Times 24's complete technology stack — the TONIC online management system, camera-based vehicle recognition, integrated cashless payment processing, and analytics — so they can run their own branded parking facilities. Confirmed external adoption by Sagami Sekiyu (Direct Park Fuchibuchi).
• Times Club Membership (タイムズクラブ) Paid and free-tier loyalty membership program with 12M+ individual and corporate members, providing parking fee discounts, cross-service benefits across Times Parking and Times Car, mobile app-based reservation and payment, and point integrations (e.g., T-point at Tokyo Dome City). Drives recurring engagement and unified customer identity across the Park24 Group mobility ecosystem.
• Times Parking Redevelopment Business (再開発事業) Times 24's redevelopment parking initiative that partners with landowners and developers to convert parcels into Times-branded parking facilities as part of broader real estate redevelopment projects.

Quantifiable outcome

• 99.9% vehicle license plate recognition rate for camera-based parking systems
• +1 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability5 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered notable, core and significant.

• Lavender Festival Kamifurano Operations Committee (ラベンダーフェスタかみふらの運営委員会)notableStrategic or Co-development Partner · 29 June 2026The Lavender Festival operations committee partnered with Times 24 to introduce Times Parking Caravan for the first time at the annual festival (Jul 4–12, 2026). Supports smooth traffic flow and staffing reduction for the seasonal event's 500-space parking operation.
• Nakafurano Town, Hokkaido (北海道中富良野町)notableStrategic or Co-development Partner · 13 June 2026Nakafurano Town partnered with Times 24 to introduce Times Parking Caravan at the municipal parking lot for the summer tourism season (Jun 13–Aug 23, 2026). Times 24 provides mobile parking management; the town gains operational efficiency and visitor origin data from license plate analytics.
• East Japan Railway Company (JR East)coreTechnology or Integration · 1 June 2026Times 24 and JR East collaborate on transit IC-based Park & Ride services, allowing Suica and other IC card users to receive parking discounts at Times stations upon train boarding. The June 2026 Sendai Station launch is the first Shinkansen-targeted IC Park & Ride in the East Japan area.
• Times Mobility Co., Ltd. (タイムズモビリティ株式会社)coreStrategic or Co-development Partner · 1 June 2026Times 24 and Times Mobility (Park24 Group company) jointly operate a car sharing one-way drop-off service between Sapporo Okadama Airport and New Chitose Airport. Times 24 manages airport parking facilities while Times Mobility provides car sharing fleet. The Aug 2026 campaign offers 3,300 yen e-tickets for users of the service.
• BMW Group Japan (ビー・エム・ダブリュー株式会社)significantStrategic or Co-development Partner · 1 August 2014Times 24 and BMW Group have conducted multiple joint campaigns since 2010, including free BMW i3 car sharing at Times Station Yurakucho (2014), BMW & MINI free car sharing campaigns (2013, 2014), and the ongoing deployment of BMW and MINI vehicles in the Times Car Plus fleet. The partnership targets sustainable mobility and brand experience.
• West Japan Railway Company (JR West)coreTechnology or IntegrationJR West and Times 24 partner on IC card-based Park & Ride services (using ICOCA and Suica), as well as Rail & Car Share programs at JR West stations. Partnership includes ICOCA registration for Times Car Plus vehicle access and preferential parking rates for JR West users.
• City of Sapporo (札幌市)coreStrategic or Co-development PartnerSapporo City is the contracting authority for the Okadama Airport parking car sharing drop-off pilot project ( entrusted to Times 24). Times 24 operates the parking facility while providing the infrastructure for Times Mobility's car sharing one-way service.
• Central Japan Railway Company (JR Central)coreTechnology or IntegrationJR Central and Times 24 partner on EX-IC Park & Ride services (Shinkansen ticketless users receive parking discounts), Rail & Car Share at stations along the Tokaido Shinkansen corridor, and IC card-based commuter discounts at Times parking near JR Central stations.
• New Kansai International Airport Co., Ltd. (新関西国際空港株式会社)significantStrategic or Co-development PartnerTimes 24 and New Kansai International Airport collaborate to provide car sharing services (including Japan's first airport-to-airport one-way service) at Kansai International Airport and Itami Airport, enabling seamless air-ground mobility for travelers.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Repark (Mitsubishi Corp / affiliate parking operators): Repark is a major Japanese parking brand operated under various affiliates, providing time-based and monthly parking nationwide. Direct competitor in Japanese off-street parking facility operations alongside Times 24 and NPD.
• JustPark: UK-based parking marketplace enabling drivers to book parking at 30,000+ locations. Comparable consumer-facing model to Times Club/Times-info.net with reservation, payment, and partner parking operator network.
• SpotHero: US-based digital parking marketplace and aggregator serving 50+ cities. Comparable to Times 24's Times-info.net portal and Times Club app in consumer-facing parking search and reservation, though operating without owned physical infrastructure.
• Nippon Parking Development: Japan's other major listed parking operator with a national time-based and monthly parking network under the NPD brand. Direct competitor to Times 24 in Japanese parking facility operations and land-leased parking asset management.
• Secure Parking: Australian parking operator and Park24 Group subsidiary. Direct peer operating off-street parking facilities across Australia with comparable service model and corporate parent context.
• National Car Parks (NCP): UK's leading parking operator and direct sister company under Park24 Group. Operates comparable off-street parking facilities with similar revenue model (time-based, monthly, reservations) and serves as the Group's UK benchmark.

Broad incumbents

• Mitsubishi Estate: Major Japanese real estate developer that operates extensive parking facilities tied to its office, retail, and residential properties. Overlaps with Times 24 in facility-based parking but operates as part of a much broader real estate portfolio.
• Amano Corporation: Japanese parking management systems provider and time clock manufacturer with a parking operations arm. Competes with Times 24 in parking equipment, management systems, and certain facility operations, but as part of a broader industrial portfolio.
• EasyPark Group: European mobile parking payments and smart-parking platform operating across 25+ countries. Comparable in digital payments, LPR/camera technology, and parking-as-a-service offerings, but with a primarily on-street focus versus Times 24's off-street.

Emerging players

• ParkBee: Dutch tech-enabled parking operator focused on digitizing underutilized off-street spaces in Europe. Comparable SaaS-driven model to Times Platform Service, targeting land owners and asset-light parking operator expansion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Times 24