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Corporate History

1971 Aug. Nishikawa Shokai Co., Ltd. is established at Nishigotanda, Shinagawa-ku, Tokyo. Capital is 1 million yen. Its business is the manufacturing, design and construction, and distribution of parking equipment. (establishment)
1985 Aug. The parking facilities maintenance and operation division of Nishikawa Shokai is spun off, and Park24 is established at Nishigotanda, Shinagawa-ku, Tokyo. Capital is 10 million yen.
1990 Nov. The Company concludes a parking lock distributionship agreement with Nippon Signal Co., Ltd.
1991 Dec. The Company opens the first 24-hour unmanned hourly parking facility, Times Ueno, in Taito-ku, Tokyo.
1992 May The Company establishes Times24 Co., Ltd. (currently Times Service Co., Ltd.).
1993 Aug. Nishikawa Shokai transfers all its business to Park24 and is dissolved.
1997 Mar. The stock is registered for OTC trading with the Japan Securities Dealers Association.
1998 Aug. The Company registers August 9 as Parking Day.
  Nov. The Company establishes Times Service Co., Ltd.
1999 Apr. The stock is listed on the Second Section of the TSE.
2000 Jan. The Company establishes Drivers Net Co., Ltd. (currently Times Communication Co., Ltd.).
  Apr. The stock is listed on the First Section of the TSE.
2001 Sep. The Company establishes TPF1 Limited and completes the first securitization of parking assets (Times parking facilities) in Japan.
2003 Nov. Times24 merges with Times Service Co., Ltd. and changes its business name to Times Service Co., Ltd.
2006 Mar. The Company establishes the joint venture GS Park24 Co., Ltd. in South Korea.
  Apr. The Company establishes the Taipei Branch (currently Taiwan Park24 Parking Co., Ltd.) in Taiwan.
2007 June The Company makes TPF1 Limited special purpose companies, its consolidated subsidiaries.
  Nov. The name Drivers Net Co., Ltd. changes to Times Communication Co., Ltd.
2008 June. Taiwan Park24 Parking (established in April 2008) takes over business in Taipei from the Taipei Branch.
  Oct. The Company acquires shares in ITS Business Applications, Inc.
2009 Mar. The Company acquires shares in MAZDA CAR RENTAL(currently Times Mobility Networks Co.,LTD.).
  Apr. Times Communication Co.,Ltd acquires shares in Times Support Co., Ltd.
2010 Dec. The Company establishes Times24 Co., Ltd.
2011 Mar. PARK24 Co., Ltd. holds all shares in TPF 3 Limited, which holds all shares in Rescue Network Co., Ltd.(currently Times Rescue Co., Ltd.).
  May The Company transfers its Parking Business to Times24 in a demerger and becomes a pure holding company.
  June The name MAZDA CAR RENTAL changes to Times Mobility Networks Co.,Ltd.
2012 Nov. The name Rescue Network Co.,Ltd. changes to Times Rescue Co.,Ltd.
2013 Apr. Brand names of our rent-a-car and car-sharing services change to Times Car RENTAL and Times Car PLUS.
  Dec. Merged with ITS Business Planning Co., Ltd.
2015 July The Company establishes Times Innovation Capital Co., Ltd.

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