Times24 Co., Ltd.

Times24 Co., Ltd. is a Japanese parking-lot operator and a core company of the Park24 Group. It was established in December 2010 as a spin-off vehicle and, through a company split in May 2011, inherited the parking and car-sharing businesses of Park24 Co., Ltd., Times Service Co., Ltd., and Mazda Rent-a-Car Co., Ltd. (now Times Mobility Co., Ltd.). The company is headquartered in Nishi-Gotanda, Shinagawa-ku, Tokyo, and is led by Representative Director, President and CEO Koichi Nishikawa. Times24 operates the Times Parking business, which includes hourly and monthly parking lots across Japan. As of July 31, 2026, the company reported approximately 917,000 parking spaces and the No. 1 domestic share, according to its own data. It also manages camera-based parking systems, with 7,575 camera-managed locations and a vehicle license-plate recognition rate of 99.9%. The company positions itself as a pioneer of the parking business and aims to reach one million Times Parking spaces. Beyond conventional parking, Times24 is developing next-generation solutions such as camera-based parking that eliminates lock boards, gates, and paper tickets, and the Times Parking Caravan, a mobile parking management service using specially equipped vehicles for temporary or event parking. It also offers smartphone apps for payment, search, and reservation, and operates the Times Club membership service. The company is part of the Park24 Group, which also includes car-sharing operations under the Times Car Share brand and overseas parking businesses such as Secure Parking and National Car Parks. Times24's history is closely tied to the development of the Japanese parking industry. The group's origins date to 1971 with the founding of Nishikawa Shokai, and the first 24-hour unmanned hourly parking lot, Times Ueno, opened in 1991. Times24 itself was created in 2010 to take over the group's parking and car-sharing operations, and it has since expanded its network to all 47 prefectures, introduced camera-based parking, and pursued overseas operations in Taiwan. The company continues to promote safe, convenient, and environmentally friendly parking as part of its vision to "make life better."

The history of Times24 is intertwined with the development of the Japanese parking industry and the growth of the Park24 Group. The group's origins trace back to August 1971, when Nishikawa Shokai Co., Ltd. was founded in Nishi-Gotanda, Shinagawa-ku, Tokyo, with capital of 1 million yen, for the purpose of manufacturing, designing, constructing, and selling parking-related equipment. In November 1971, Nishikawa Shokai signed a sales agency agreement with Nippon Signal Co., Ltd. for Park Lock. In August 1985, the parking maintenance and operation management division of Nishikawa Shokai was separated and incorporated as Park24 Co., Ltd. in Nishi-Gotanda, with capital of 10 million yen. In December 1991, the first 24-hour unmanned hourly parking lot under the Times brand, "Times Ueno," opened in Taito-ku, Tokyo. This marked the beginning of the Times Parking network. In August 1993, Nishikawa Shokai transferred all its business to Park24 and was dissolved. The Times Parking network grew rapidly. It surpassed 10,000 spaces in July 1995, 20,000 in April 1998, 30,000 in September 2000, 40,000 in March 2002, 50,000 in February 2003, 100,000 in March 2005, 200,000 in August 2007, 300,000 in September 2010, 400,000 in November 2012, and 500,000 in August 2015. In March 1997, the company registered its shares with the Japan Securities Dealers Association, and in April 1999 it listed on the Second Section of the Tokyo Stock Exchange, moving to the First Section in April 2000. In December 1997, the first TPS (Times Parking Partner Service) property, "Times Idogayashimomachi," opened in Yokohama. In April 1998, electric vehicle chargers were installed at Times Parking, and August 9 was designated as Park Day (Parking Day) in August 1998. In September 2001, the company established TPF One Limited and implemented Japan's first parking asset securitization. In March 2003, the proprietary online system TONIC (Times Online Network & Information Center) began full operation, and the Times Club was launched. In May 2005, the Times Business Card service started. Overseas expansion began in March 2006 with the establishment of a joint venture in South Korea, GS Park24 Co., Ltd. (all shares were sold to GS Retail CO., LTD. in September 2021). In April 2006, a Taipei branch was opened in Taiwan (now Taiwan Pukeko 24 Co., Ltd.). In July 2007, a Park & Ride service linked to public transportation IC card ride history was launched. In October 2007, the headquarters moved to Yurakucho, Chiyoda-ku, Tokyo. In June 2008, the Taipei business was succeeded by Pukeko 24 Parking Co., Ltd. (established April 2008, now Taiwan Pukeko 24 Co., Ltd.). In March 2009, the company acquired shares of Mazda Rent-a-Car Co., Ltd. (now Times Mobility Co., Ltd.). In June 2010, the car-sharing service "Car Share 24" was renamed "Times Plus." In September 2010, Times Parking surpassed 300,000 spaces. In December 2010, Times24 Co., Ltd. was established. In May 2011, through a company split, it inherited the parking and car-sharing businesses of Park24 Co., Ltd., Times Service Co., Ltd., and Mazda Rent-a-Car Co., Ltd. (now Times Mobility Co., Ltd.). In June 2012, TFI Co., Ltd. was established. In November 2012, Times Parking surpassed 400,000 spaces. In April 2013, the car-sharing service "Times Plus" was renamed "Times Car Plus." In October 2014, Times Parking opened in Fukui Prefecture, completing coverage of all 47 prefectures. In August 2015, Times Parking surpassed 500,000 spaces. In August 2016, Tokyo's first bus-only parking lot under the Times brand opened in Chuo-ku. In December 2016, the company participated in a Ministry of Land, Infrastructure, Transport and Tourism social experiment for car-sharing using road space, a first in Japan, and opened a lounge at Times Station Kawasaki. In September 2017, car-sharing stations were deployed in all 47 prefectures. In May 2019, the headquarters moved back to Nishi-Gotanda, Shinagawa-ku, Tokyo, and the car-sharing service "Times Car Plus" was renamed "Times Car Share." In 2017, the Park24 Group welcomed Secure Parking, which operates parking businesses in Australia, New Zealand, the UK, Malaysia, and Singapore (Singapore operations ended in 2026), and National Car Parks, the UK's largest parking operator (UK business restructured in 2026 due to National Car Parks' bankruptcy reorganization). Times24 continues to expand its network, aiming for one million Times Parking spaces, and promotes camera-based parking and other next-generation solutions.

• Nishikawa Shokai Co., Ltd. founded in Nishi-Gotanda, Shinagawa-ku, Tokyo, with capital of 1 million yen, for parking-related equipment.

• Nishikawa Shokai signs sales agency agreement with Nippon Signal Co., Ltd. for Park Lock.

• Park24 Co., Ltd. established in Nishi-Gotanda, Tokyo, with capital of 10 million yen, separating the parking maintenance and operation management division.

• First 24-hour unmanned hourly parking lot 'Times Ueno' opens in Taito-ku, Tokyo.

• Nishikawa Shokai transfers all business to Park24 Co., Ltd. and is dissolved.

• Times Parking exceeds 10,000 spaces.

• Shares registered with the Japan Securities Dealers Association.

• First TPS (Times Parking Partner Service) property 'Times Idogayashimomachi' opens in Yokohama.

• Electric vehicle chargers installed at Times Parking; Times Parking exceeds 20,000 spaces.

• August 9 designated as Park Day (Parking Day).

• Listed on the Second Section of the Tokyo Stock Exchange.

• Listed on the First Section of the Tokyo Stock Exchange.

• Times Parking exceeds 30,000 spaces.

• TPF One Limited established; Japan's first parking asset securitization implemented.

• Times Parking exceeds 40,000 spaces.

• Times Parking exceeds 50,000 spaces.

• TONIC online system begins full operation; Times Club launched.

• Times Parking exceeds 100,000 spaces.

• Times Business Card service begins.

• Joint venture GS Park24 Co., Ltd. established in South Korea (shares sold to GS Retail in September 2021).

• Taipei branch opened in Taiwan (now Taiwan Pukeko 24 Co., Ltd.).

• Park & Ride service linked to public transportation IC card ride history launched.

• Times Parking exceeds 200,000 spaces.

• Headquarters moved to Yurakucho, Chiyoda-ku, Tokyo.

Pioneer of the parking business and a provider of next-generation, IT-driven parking solutions within the Park24 Group.

• Times Parking

  Hourly and monthly parking lots operated nationwide in Japan.

• Camera-based parking

  Parking management system using cameras to recognize vehicles and manage entry/exit without lock boards or tickets.

• Times Parking Caravan

  Mobile parking management and operation service using specially equipped vehicles for temporary or event parking.

• Times Club

  Membership service for drivers.

• Smartphone app

  App for payment, search, and reservation of parking.

• Park Day (August 9)

1. 1タイムズ２４株式会社 公式サイトtimes24.co.jp
2. 2沿革 | タイムズ２４株式会社times24.co.jp
3. 3タイムズ２４について | タイムズ２４株式会社times24.co.jp
4. 4企業情報 | タイムズ２４株式会社times24.co.jp
5. 5Times24 - Wikidatawikidata.org