IR News

【PARK24 Co., Ltd. 】Announcement of Impact of Tohoku Pacific Ocean Earthquake

PARK24 Co., Ltd. would like to express its heartfelt condolences to all those who have suffered from the Tohoku Pacific Ocean Earthquake that struck on March 11, 2011. We set up an Emergency Management Headquarters in the Head Office of the Company immediately after the earthquake, and focused on collecting information to confirm the safety of employees in the region and identify the status of damage to local offices, taking steps to respond to the disaster. At present, the following has been confirmed:

1.

Damage situation
 
(1)

Casualties
   

At this point, the Company has confirmed no casualties among the Company's employees in the Tohoku and Kanto regions.
 

(2)

Offices
   

Office buildings have not been damaged, but some offices have ceased operation because supplies of essentials such as electricity and water have been suspended.
 

(3)

Hourly parking facilities, Times
   

Currently, there is no known destruction to Times facilities in the Tohoku region. However, some facilities have halted operation due to power failures. In Tohoku, there are approximately 150 Times facilities with 6,000 parking spaces, accounting for about 2% of the overall facilities of the Company. In Kanto, some Times facilities equipped with a mechanical parking system have been affected by the earthquake, and operations have ceased. In the days ahead, operations may be impaired by the planned power outage in the area of Tokyo Electric Power Company.
 

(4)

Mazda Rentacar
   

Rentacar: Some outlets in East Japan have halted operation.
Car sharing: Times PLUS has ceased business throughout the Kanto area.
     

PARK24 remains completely committed to collecting accurate information and to a recovery, placing top priority on securing safety.
 

2.

Impact on performance
 

PARK24 is currently investigating the damage caused by the earthquake, and if a material influence on performance for this fiscal year appears likely, it will disclose the information as soon as possible.