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PARK24 celebrated the 50th anniversary of its founding on August 26, 2021.
We have been able to continue our business for 50 years thanks entirely to land and facility owners, customers, business partners and the many other stakeholders who have supported us over the years. We take this opportunity to express our sincerest gratitude.
Since our founding, the PARK24 GROUP has continued to take on the challenge of providing stress-free transportation.
Many of the services we provide are unmanned but we are committed to pursuing the "comfort" of our users at each site, while valuing the GROUP’s DNA－"challenge, passion, innovation, and sincerity" to ensure our services are provided safely, securely, and comfortably.
The emergence of new mobility concepts such as the shift from car ownership to car sharing, automotive IoT applications, changes in power sources used in automobiles, and autonomous driving, as well as advancements in technological innovation has changed the business environment surrounding the GROUP rapidly.
Even in these times of rapid change, we will continue to work together as a group to merge the technologies and expertise of the PARK24 GROUP that have been cultivated since our founding, to deliver the “comfort” demanded by society.
We appreciate your continued guidance and support.
President
MOVIE
HISTORY
1970
1980
1990
2000
2010
2020
1970
1971
Corporate
1971 Aug.
The Company establishes Nishikawa Shokai Co., Ltd.(Founding)
Nishikawa Shokai was established by founder Kiyoshi Nishikawa at Nishi-Gotanda (Shinagawa-ku, Tokyo) as a manufacturer of "No Parking" signs. It began in a 10 square meters office with just three employees.
1972
Service
1972 Jan.
The Company concludes a parking lock distributionship agreement with Nippon Signal Co., Ltd.
A month after the distribution agreement, the Company delivered parking locks to hospitals, which were dealing with many unauthorized parking at the time. The Company shifted from a business that prevented parking to one which facilitated it.
1980
1985
Corporate
1985 Aug.
The Company establishes PARK24 CO., LTD.
The initial objective was the operation management and security of parking facilities. The Company was given the name PARK24, incorporating the vision of becoming a company that provides 24-hour parking services. The number "24" was also a play on the name of its founder, Nishikawa, since it can be read as "nishi", meaning 24 in Japanese.
1988
Service
1988 Oct.
The Company conducts management and operation tests at hourly parking facilities on company-owned land in Fukuoka city.
Based on experience of having diffculties finding places to park his car, Nishikawa had the idea of creating unmanned hourly parking facilities in urban areas utilizing parking locks. A test was conducted at a company-owned site in Fukuoka. The facility operated well, making Nishikawa confident of its business possibilities.
1990
1991
Service
1991 Dec.
The Company opens the first 24-hour unmanned hourly parking facility, "Times Ueno", in Taito-ku, Tokyo.
At the time, the service was given the name "PPS (Parking Partner System) parking", with the meaning of a joint-operated parking facility in partnership with landowners.
1992
Corporate
1992 May
The Company establishes Times24 Co., Ltd. (currently TIMES SERVICE CO., LTD.).
Times24 (TIMES SERVICE) was established for the maintenance and operation of parking facilities, thoroughly ensuring the quality of parking facilities offered.
Currently, it operates not only for parking facilities but also for car sharing vehicles.
1993
Corporate
1993 Aug.
Nishikawa Shokai transfers all its business to PARK24 and is dissolved.
Service
1993 Aug.
The Company changes the name of its hourly parking facilities from PPS (Parking Partner System) to "Times".
The logo was redesigned using the colors yellow and black, and also red in one place, featuring the word "Times" in English letters such that the letter "T" appeared as a car-shaped silhouette. Drivers began to recognize that when they saw a "Times" signboard it signified parking.
1997
Corporate
1997 Mar.
The stock is registered for OTC trading with the Japan Securities Dealers Association.
Service
1997 Dec.
The Company opens its first Times PARKING PARTNER SERVICE: "Times Idogaya Shimomachi" (Sakura Bank (currently known as Sumitomo Mitsui Banking Corporation) Idogaya branch parking facility, Minami-ku, Yokohama).
The Company launched "Times 115 (currently PARTNER SERVICE)", which operates and manages free parking sites provided for visitors to local government buildings and financial institutions as Times PARKING sites on holidays and at night. The name came from the fact that at the time, there were a total of 115 holidays per year (including Saturdays, Sundays and national holidays).
1998
Service
1998 Apr.
The Company installs charging units for electric vehicles at Times PARKING locations.
Kiyoshi Nishikawa believed that a time would come to utilize electric vehicles in the near future. He conceived the idea of a "park and charge" service that would allow EV drivers to charge their vehicles while parking. The first "PARK & CHARGE" facility opened at a Times PARKING located in Meguro-ku, Tokyo.
Corporate
1998 Aug.
The Company registers August 9th as "Parking Day".
"Parking Day" was registered as a commemorative day for people to consider the social problems caused by roadside parking, even for just one day of the year. The Company engages in awareness-raising activities every year to create a society with zero roadside parking.
1999
Corporate
1999 Apr.
The stock is listed on the Second Section of the TSE.
2000
2000
Corporate
2000 Jan.
The Company establishes Drivers Net Co., Ltd. (currently TIMES COMMUNICATION CO., LTD.).
Drivers Net (TIMES COMMUNICATION) was established for the provision of various car-related services. Currently, it provides call center operations for various services provided by the PARK24 GROUP, as well as road service.
Service
2000 Feb.
The Company opens "Times STATION Kawasaki", a large-scale parking building in front of JR Kawasaki Station.
Times STATION is based on a concept where the parking facility itself is the destination. Each parking space has a wide area, making the parking facility bright and clean.
Corporate
2000 Apr.
The stock is listed on the First Section of the TSE.
Service
2000 Dec.
The Company begins distributing "space availability information (full / vacant)" for its parking facilities.
The Company has advanced the introduction of IT solutions at its parking facilities since the 1990s, in order to provide services with high added value. As the first stage of this process, we began distributing positioning information and space availability information for our parking facilities on maps on the company website.
2003
Corporate
2003 Mar.
The Company's proprietary online system TONIC (Times Online Network & Information Center) enters full-scale operation, linking parking facilities with information centers.
The launch of TONIC enabled the operators to check details of operational status and identify equipment malfunctions from PCs at company offices, without visiting the parking facilities in person. It also enabled the provision of various other services such as cashless payment—which was rare at parking facilities at the time—and a point incentive program.
Service
2003 Mar.
The Company launches "Times CLUB".
"Times CLUB" is a membership service for drivers, with the purpose of increasing the level of customer service. Currently, Times CLUB has over 8 million members.
2004
Corporate
2004 Jan.
Koichi Nishikawa is appointed as President and Representative Director (current post). Kiyoshi Nishikawa is appointed as Chairman and Director.
2005
Service
2005 May
The Company launches "Times Business Card".
"Times Business Card" is a credit-card type payment card for corporate customers where parking fees are billed once every month. This service is available for both car-sharing and car rental, and corporate customers are able to see usage status on their statements, as well as reduce clerical workload.
2006
Corporate
2006 Mar.
The Company establishes the joint venture GS PARK24 CO., LTD. in South Korea.
PARK24, GS Caltex, SOMO Petroleum and Amano have established a joint venture and commenced development of "GS Times" hourly parking facilities in South Korea.
*All shares held by the Company were transferred to GS Retail CO., LTD. (South Korea) in September 2021.
Corporate
2006 Apr.
The Company establishes the Taipei Branch (currently PARK24 TAIWAN CO., LTD.) in Taiwan.
In April 2008, the Company established its Taipei branch office as a local subsidiary, and expanded the coverage area for its parking facility operations.
Service
2006 Oct.
The Company opens "Times SPA RESTA" at Ikebukuro, Tokyo.
"Times SPA RESTA" is a spa facility for adults located on the 10th to 12th floors of the "Times STATION Ikebukuro" parking building. It has been used by many customers since its opening.
2007
Service
2007 July
The Company begins demonstrative testing of "PARK & RIDE", the first service in Japan to integrate customer ride history utilizing IC card ticketing at Times PARKING in Osaka.
This innovative service eliminates the hassle of displaying tickets or using park-and-ride parking tickets, and automatically determines parking fees based on the ride history recorded on transportation-type IC cards. It is now spreading across the whole country, in collaboration with various railway operators. In October 2009, we received the Japan Railway Eco-Friendly Award in recognition of this service.
Corporate
2007 Oct.
The Company relocates its head office to Yurakucho in Chiyoda-ku, Tokyo.
2009
Corporate
2009 Mar.
The Company acquires shares of MAZDA CAR RENTAL(currently TIMES MOBILITY CO.,LTD.).
MAZDA CAR RENTAL combines PARK24's "locations (parking facilities)" and "membership services" with its own "car-related know-how" to provide new services to customers.
Corporate
2009 Apr.
TIMES SUPPORT CO., LTD. becomes part of the Group.
The inclusion of Times SUPPORT has enabled the provision of damage insurance within the Group, including parking-related damage insurance contracts and insurance contracts for company-owned vehicles.
Later, in August 2011, it merged with insurance agency Asociado FP Co., Ltd., and has since provided various insurance and financial planning consultation services both internally and externally.
Service
2009 May
The Company launches its car sharing service on a full scale.
Car sharing vehicles were installed at "Times STATION Ikebukuro" and "Times STATION ITOCiA".
The number of locations have since rapidly expanded, with 200 vehicles deployed at 100 locations in Tokyo by July.
2010
2010
Corporate
2010 Jan.
The Company establishes the PARK24 Judo Club.
The Judo Club provides an environment where promising individuals who want to focus their energies into judo can continue to do so.
4 athletes participated in the Tokyo 2020 Olympic Games, of which 3 won the gold medal and 1 won the silver medal.
2011
Corporate
2011 Mar.
Rescue Network Co., Ltd. becomes part of the Group.(currently TIMES COMMUNICATION CO., LTD.*).
Rescue Network, which provides road service with its nationwide network of repair garages, has now joined the PARK24 GROUP. Since April 2013, it has been providing road service for Times Club members on a monthly subscription basis.
*Merged with Times Communication Co., Ltd. in March 2018
Corporate
2011 May
The Company transfers its Parking Business to TIMES24 in a demerger and becomes a pure holding company.
2013
Service
2013 Apr.
The Company launches "RAIL & CAR SHARE" service in collaboration with railway operators in the Kansai area, enabling a combination of rail travel and car sharing.
"RAIL & CAR SHARE" is a service that combines rail travel with car sharing in the vicinity of stations. The service is currently expanding nationwide, and some car sharing stations enable unlocking of vehicles with transportation-type IC cards and offer services with discounts on car sharing fees.
2014
Service
2014 Apr.
The Company launches "Times CAR POINT PROGRAM", a service that rewards customers with points when using car sharing.
The "Times CAR POINT PROGRAM" is a point incentive program only possible with car sharing services, in which multiple vehicles are shared across many members. Users can collect points in various ways such as by using vehicles cleanly, refueling, and driving economically. Membership stage and content of benefits offered vary according to the number of points collected.
Service
2014 July
The number of Times CLUB members exceeds 5 million.
Service
2014 Sep.
The Company launches "PitGo", a simplified rent-a-car service.
"PitGo" is a new service that allows CAR SHARE members and Times Club members (who have registered their driver's license information) to skip the departure and return procedures normally required at store locations when using a rental car. This makes it possible to depart immediately from a store or a designated parking facility.
Service
2014 Oct.
The Company opens a Times PARKING facility in Fukui prefecture, marking the opening of facilities in all 47 prefectures.
2015
Corporate
2015 July
The Company establishes Times Innovation Capital Co., Ltd.(currently TIMES INNOVATION CAPITAL LLC).
The Group has established an investment company intended to invest in academic research institutes, venture companies and other entities that can be expected to offer synergies with the Group's various services.
Service
2015 Aug.
The number of Times PARKING facility parking spaces exceeds 500,000.
2016
Service
2016 Aug.
The Company launches "B-Times", a parking facility booking matching service (currently known as "B").
"B" is a web-based service that connects those who want to rent a parking site with those who want to lease out such a location. The name of the service comes from the word "Booking."
2017
Corporate
2017 Jan.
Secure Parking becomes part of the Group.
Secure Parking has parking business operations in Australia, New Zealand, the United Kingdom, Malaysia and Singapore. Its inclusion has made the PARK24 GROUP one of the largest parking companies in Asia and Oceania.
Corporate
2017 Aug.
National Car Parks becomes part of the Group.
National Car Parks, the UK's largest parking business operator, has also joined the Group. We are now pursuing overseas expansion utilizing the parking facility management know-how cultivated by the Group in Japan.
Service
2017 Sep.
The Company opens a CAR SHARING station in Saga Prefecture, marking the opening of stations in all 47 prefectures.
2018
Corporate
2018 Jan.
The Company establishes PARK24 BUSINESS SUPPORT CO., LTD.
PARK24 BUSINESS SUPPORT was established to improve the efficiency of the Group's back office operations. It provides business support for the whole PARK24 GROUP.
Service
2018 Feb.
The Company launches "Times PAY", a cashless payment service, on a full scale.
"Times PAY" is a cashless payment service that connects "people with communities" and "communities with parking sites." It was introduced as a trial in September 2016. Through this service, we are seeking to revitalize cities that are the destinations for drivers, such as the stores located around Times PARKING locations.
Service
2018 June
The number of car sharing members exceeds 1 million.
2019
Corporate
2019 May
The Company relocates its head office to Nishigotanda in Shinagawa-ku, Tokyo
The Group's head office functions are now consolidated in the Gotanda district, the place of its original founding.
By returning to this initial starting point, we aim to stir the venture spirit of the time of our founding, and achieve further growth for the PARK24 GROUP.
Corporate
2019 May
The Company updates its corporate and brand identiity, and changes the "Times" logo.
The Group has renewed its philosophy, slogan and Group logo.
We have also renewed the "Times" logo for the first time since the naming of the service in 1993, shifting from a representation of hourly parking facilities to redefining "Times" as a brand that provides various mobility-related services.
Service
2019 Oct.
The Company launches "Times CAR" on a full scale.
"Times CAR" is a service that supplies vehicles according to demand such as rental cars, which can be rented at any time, at unmanned locations, in the same way as car sharing. In April 2021, we changed the name of the car sharing service from "Times CAR SHARE" to simply "Times CAR", and continue to accelerate the expansion of the service.
2020
2020
Service
2020 June
The number of Times Business Cards issued exceeds 1 million.
2021
Service
2021 Aug.
The Company marks its 50th anniversary.
On August 26th we celebrated the 50th anniversary of our founding.
