(5530) Stock Price

Japan System Bank operates coin-operated parking lots using idle real estate as its core business, while also selling and maintaining parking equipment and providing parking search and payment settlement services. The company also engages in rental operations of its own offices and apartments, consignment sales of crafts, and drone training services.

The company's primary customers include landowners, parking lot operators, parking users, and rental tenants, with craft artisans and drone school students also included as customers. Revenue is primarily generated from parking fees at directly operated lots, equipment sales and maintenance contracts, rental income, craft sales commissions, and training fees.

The business is divided into three segments: coin-operated parking operations, real estate rental operations, and other operations. In the coin-operated parking business, the company operates both models—leasing land and managing hourly and monthly parking directly, as well as selling equipment and providing maintenance support. The company handles everything from site development to customer service. Its directly operated and managed parking lots and bicycle parking facilities, which operate nationwide, are substantial in scale and cover regions through subsidiary companies organized by geographic area.

The company aims for "full occupancy operations" by making effective use of idle real estate. It has expanded its directly operated and managed parking lots and bicycle parking facilities to approximately 7,000 locations cumulatively (as of June 2025). Performance is evaluated using "gross profit margin," "return on equity (ROE)," and the cumulative number of managed parking spaces as key metrics. To concentrate capital in the higher-margin coin parking business, the company is optimizing its portfolio by selling lower-performing real estate assets.

Priority investment focuses on diversifying land use and maintaining 24/7 service availability. The company differentiates itself through parking lot designs that work on small or irregularly shaped plots, in-lot camera installations to enhance user safety and security, non-cash payment terminals to prevent coin jams, and the expansion and enhancement of its proprietary app "SmooPA." In parking equipment sales and maintenance, the company promotes staff certification in electrical work to achieve rapid repairs and high-quality service, building a revenue model that avoids competing solely on price.

For new market development, the company is preparing for technological changes in automobiles, including autonomous driving, connected technology, car-sharing, and electric vehicles. It has established systems to digitize parking lot layouts and transmit route information to vehicles, while standardizing designs through barrier-free entrances and uniform lane widths to accommodate autonomous vehicles and elderly drivers. The company continues nationwide expansion from Hokkaido to Kyushu to diversify risk, while also creating new revenue opportunities by matching parking operators with car-sharing and electric vehicle charging service providers.

Technology initiatives prioritize field data utilization and preventive maintenance. Through in-lot camera and sensor monitoring, app adoption, and cashless payment systems, the company aims to reduce incidents and control rising dispatch costs. Additionally, by preparing digitized lot information for future autonomous vehicles, the company will strengthen long-term competitiveness and build systems capable of adapting to external changes, including the government's 2035 electric vehicle adoption targets.