A desire to eliminate illegal parking worldwide
The PARK24 GROUP was started from this desire.
And from this desire, Times PARKING was born, a by-the-hour parking service where anyone can park anytime and only when needed.
If there were a car sharing service where people could share cars by the hour paired with parking facilities where a location is shared by the hour, people's movements would become more free and convenient.
The Times CAR mobility service was developed from this thought.
TIMES started with sharing parking facilities and cars for transportation, and today, we are expanding to make communities or destinations more comfortable.
Through offering unprecedented comfort and convenience through TIMES, we will create both a better society and something that is sustainable.
That is the world we aim for.

In recent years, there has been growing calls to shift from a linear economic model based on mass production, mass consumption, and mass disposal, toward a circular economic model. In a circular economy, cyclical socioeconomic activities maximize added value through services while effectively utilizing stocks, and minimizing resource inputs and consumption quantities. This type of circular economy is increasingly needed for sustainable growth over the medium- to long-term future. (Source: Ministry of Economy, Trade and Industry, Circular Economy Vision 2020).
Based on the sharing of cars and parking facilities, the business models behind the PARK24 GROUP’s core parking and mobility services are optimized for the circular economy in the sense that they maximize added value by increasing the utilization of each services.
We will continue to generate sustainable economic value through the evolution of service models that solve environmental and social issues, including reducing environmental impact and unauthorized parking, under a medium-term strategy calling for the expansion and seamless integration of our four networks (people, cars, communities, and parking facilities).

The PARK24 GROUP is helping to reduce the CO2 emissions of its corporate customers and society as a whole by promoting a transition from mobility using private or Company-owned vehicles to car sharing services. At the same time, the CO2 emissions of the Group as a transportation infrastructure service are increasing in step with the steady expansion of our business as a result of the seamless connection of our four networks under our medium-term business strategy. However, the business activities of the Group form part of the circular economy by encouraging the increased use of sharing services. For that reason, we include the resulting reduction in CO2 emissions by society when calculating our contribution to the reduction of total CO2 emissions.

Discussions regarding the integration of international standards for contributions to emission reductions are currently in progress. Through the use of our PARK24 GROUP services, we contribute to emission reductions across society as a whole, and we are working to judge our contribution both objectively and accurately. Currently, this type of contribution is excluded from calculations under the Scope 1, 2, and 3 GHG protocols.

We have estimated the reduction effect in environmental impact through the Times CAR service based on Times CAR member surveys on transportation behaviors *1 and usage data.

A single Times CAR vehicle can effectively use the resources of 15 cars.

1. *1A survey conducted by the PARK24 GROUP between 2021 and 2022 on the transportation behaviors of Times CAR members before and after joining
2. *2This includes cars owned by private citizens and corporations
3. *3Estimate based on the following responses by Times CAR members in the survey on transportation behaviors: "I got rid of my own car" and "I decided not to purchase a new car"
4. *4An estimate based on a simulation model that was created by combining distance distribution for a normal trip estimated from Times CAR usage data with changes in transport methods, travel distance, and car model before and after joining based on the survey of transportation behaviors. The reduction effect in CO2 emissions is the overall value of reductions in travel frequency and distance by car, reductions due to “Park and Ride”, and reductions due to fuel improvements.
5. *The above data estimates overall Times CAR usage based on Times CAR member surveys on transportation behavior and actual usage, and does not guarantee reductions in individual use. The above data was estimated by Park24 Co., Ltd.