Times Car reporting ¥5.5 billion loss has firms bracing for data breach fallout

Park24, the parent of Times Car operator Times Mobility, has said it plans to book a one-time special loss of ¥5.5 billion for the business year through October over its data breach incident. | Bloomberg

Oct 28, 2026

As cyberattacks continue across Japan, companies are coming to realize the great financial risk of such attacks if their lax cybersecurity systems cause millions of peoples’ personal information to be leaked.

Times Car, which saw personal data that included the driver’s licenses of 1.46 million people leaked in September, is learning the lesson the hard way.

Last week, Park24, the parent of Times Car operator Times Mobility, announced that it plans to report a one-time special loss of ¥5.5 billion (about $35 million) for the business year through October over the incident.

In a time of both misinformation and too much information,
quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW