Overview
Services

JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD.

Japan Elevator Service Holdings is an independent elevator and escalator maintenance company offering maintenance/inspection services and renewal (modernization) work across Japan, serving buildings equipped with equipment from all major domestic manufacturers including Mitsubishi, Hitachi, Toshiba, Otis, and Fujitec. The company differentiates itself from manufacturer-affiliated competitors through market-competitive pricing, multi-brand technical capability, a nationwide branch network targeting 30-minute emergency response times, and a proprietary test tower enabling manufacturer-equivalent quality standards. The group also provides escalator maintenance and total lifecycle solutions combining post-installation maintenance with component renewal services.

Market Cap
¥278B
US$1.77B
EV
¥279B
US$1.78B
Stock¥1,553▲+0.91%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
21.1
x
LTM EV/EBIT
24.1
x
LTM PER
36.4
x
LTM PBR
12.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-38.9%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Oct 28, 25Earnings announcement - guidance cut
2Feb 12, 26Earnings announcement - results below expectations
3Aug 7, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
278BUS$1.77BMarket Cap5.94BUS$37.9M+ Debt4.45BUS$28.3M− Cash0.38BUS$2.43M− Inv. Sec.0.42BUS$2.65M+ NCI279BUS$1.78BEV
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Performance & Balance
Revenue 5Y (¥B)
29.8US$190M'22/334.9US$223M'23/342.2US$269M'24/349.4US$315M'25/357.6US$367M'26/3
EBITDA 5Y (¥B)
5.04US$32.1M'22/36.22US$39.7M'23/38.22US$52.4M'24/310.2US$65.0M'25/312.6US$80.3M'26/3
Net Income 5Y (¥B)
2.73US$17.4M'22/33.15US$20.1M'23/34.52US$28.8M'24/35.53US$35.3M'25/37.32US$46.7M'26/3
Capital Structure
79%
21%
EquityD/E 0.26xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
2.30US$14.7M7.30US$46.5M'22/32.18US$13.9M7.73US$49.3M'23/32.23US$14.2M6.71US$42.8M'24/32.41US$15.4M5.00US$31.9M'25/34.55US$29.0M2.98US$19.0M'26/3
Shareholders
Top 10 hold 60.4%
1
KI Co., Ltd.
19.79%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
12.32%
3
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
10.64%
4
Custody Bank of Japan, Ltd. (Trust Account)
4.68%
5
NORTHERN TRUST CO.(AVFC) RE FIDELITY FUNDS (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
3.21%
6
BBH CO FOR GRANDEUR PEAK INTERNATIONAL STALWARTS FUND (Standing Proxy: MUFG Bank, Ltd.)
2.31%
7
THE BANK OF NEW YORK MELLON 140042 (Standing Proxy: Mizuho Bank, Ltd.)
2.07%
8
STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)
1.95%
9
BNYM AS AGT/CLTS NON TREATY JASDEC (Standing Proxy: MUFG Bank, Ltd.)
1.79%
10
THE BANK OF NEW YORK MELLON 140044 (Standing Proxy: Mizuho Bank, Ltd.)
1.67%
Management
8 officers
Katsufumi ISHIDA
Representative Director, Chairman and President, CEO
Apr 1985 Joined S.E.C. Elevator Co., Ltd. Jun 1991 Joined Ikuei Kanzai Co., Ltd. Jul 1992 Joined Pems Co., Ltd. Oct 1994 Founded the Company; Representative Director, President Jan 2015 Representative Director, Chairman of the Company May 2015 Representative Director, Chairman and President of the Company Jun 2017 Representative Director, Chairman and President, CEO of the Company Jun 2020 Representative Director, Chairman, CEO of the Company Apr 2022 Representative Director, Chairman and President, CEO of the Company (current)
1966-03-25
Kimihiko IMAMURA
Director, Vice President, CFO, Head of Corporate Management Division
Dec 2006 Joined Azsa LLC May 2013 Joined Digital Advertising Consortium Inc. (currently Hakuhodo DY ONE Co., Ltd.) Apr 2016 Deputy General Manager, Corporate Management Division, Digital Advertising Consortium Inc. Jan 2017 Joined the Company Jun 2017 Director, Senior Managing Executive Officer, CFO, Head of Corporate Management Division of the Company Apr 2018 Director, Executive Vice President Executive Officer, CFO, Head of Corporate Management Division of the Company Jun 2024 Director, Vice President, CFO, Head of Corporate Management Division of the Company (current)
1978-06-18
Noriko ENDO
Director
Jun 1994 Joined Diamond, Inc. Mar 2006 Deputy Editor, Weekly Diamond Editorial Department, Diamond, Inc. Sep 2013 Visiting Researcher, Policy Vision Research Center, The University of Tokyo Apr 2015 Project Professor, Graduate School of Media and Governance, Keio University Jul 2018 Outside Director, Ain Holdings Inc. (current) Jun 2019 Outside Director, Hankyu Hanshin Holdings, Inc. (current) Apr 2020 Project Professor, Global Research Institute, Keio University Jun 2021 Outside Director of the Company (current) Jun 2022 Outside Director, Nippon Telegraph and Telephone Corporation (currently NTT, Inc.) (current) Apr 2024 Professor, Waseda University Research Institute (current)
1968-05-06
Hikaru TACHIBANA
Full-time Audit and Supervisory Board Member
Apr 1997 Joined Asahi Bank, Ltd. (currently Resona Bank, Ltd.) Apr 2005 General Manager, Accounting Department, the Company Nov 2013 General Manager, Finance Department, Administration Division, the Company Apr 2017 Executive Officer, General Manager, Finance Department, Accounting and Finance Division, the Company Jun 2017 Executive Officer, General Manager, Finance Department, Corporate Management Division, the Company Jun 2020 Audit and Supervisory Board Member of the Company (current)
1973-08-08
Mika YANO
Director
Sep 1999 Joined Plum Creek Timber Company, Inc. Oct 2001 Joined Skadden, Arps, Slate, Meagher & Flom (Gaikokuho Jimu Bengoshi Jimusho) May 2002 Admitted to the New York State Bar Oct 2007 Joined Morgan Stanley Capital Inc. Jul 2008 Rejoined Skadden, Arps, Slate, Meagher & Flom (Gaikokuho Jimu Bengoshi Jimusho) Jul 2009 Joined Sumitomo Life Insurance Company Sep 2012 Representative Director, President, Mizenka Co., Ltd. (current) Jun 2016 Joined Colt Technology Services K.K. Apr 2018 Director, Head of Asia and US Legal, Colt Technology Services K.K. May 2019 Director and Director, Head of Asia and US Legal, Colt Technology Services K.K. May 2020 Representative Director, Market Prism Japan Co., Ltd. Nov 2020 Director, Vice President, Head of Asia and US Legal, Colt Technology Services K.K. Jun 2022 Outside Director of the Company (current) Nov 2023 General Manager, Legal Department, Vice President & Legal Counsel, Nihon MGM Resorts LLC (current)
1973-06-07
Fumiko TAKAYANAGI
Director
Apr 1999 Joined Tokio Marine Fire Insurance Co., Ltd. (currently Tokio Marine & Nichido Fire Insurance Co., Ltd.) Dec 2007 Joined Azsa LLC Jan 2015 Established Fumiko Takayanagi Certified Public Accountant Office, Director (current) Mar 2016 Established Fumiko Takayanagi Tax Accountant Office, Director (current) Jul 2017 Joined Tax Corporation S Network Sep 2017 Advisor, Takara Printing Co., Ltd. (current) Mar 2019 Full-time Audit and Supervisory Board Member, Active & Company Inc. Aug 2024 Outside Director, ZenmuTech Inc. Mar 2026 Outside Director (Audit and Supervisory Committee Member), ZenmuTech Inc. (current) Jun 2026 Outside Director of the Company (current)
1976-05-21
Nobuyasu OGATA
Audit and Supervisory Board Member
Apr 1996 Registered as an attorney Jul 2002 Opened Ogata Law Office (currently Ogata Law Office Attorney Corporation) (current) Mar 2003 Part-time Lecturer, University of Tsukuba Law School Apr 2003 Lecturer, Patent Attorney Training Course, Japan Patent Office Apr 2004 Temporary Member, Industrial Property Council, and Examiner, National Examination Jul 2020 Outside Director, FP Partners Co., Ltd. Aug 2023 Outside Audit and Supervisory Board Member, Edit Force Inc. Jun 2024 Outside Audit and Supervisory Board Member of the Company (current)
1970-06-23
Midori MIZUTANI
Audit and Supervisory Board Member
Jul 2004 Joined Sugai Certified Public Accountant & Tax Accountant Office Jun 2013 Representative, Mizutani Certified Public Accountant Office (current) Feb 2015 Representative Director, Smart Plus Consulting Co., Ltd. (current) Jun 2015 Outside Audit and Supervisory Board Member, Human Metabolome Technologies, Inc. Jun 2017 Outside Director (Audit and Supervisory Committee Member), Human Metabolome Technologies, Inc. Jun 2019 Outside Audit and Supervisory Board Member, Genetech Co., Ltd. Jul 2019 Managing Partner, Ginza Sphere Tax Corporation (current) Apr 2021 Outside Director, Confidence Inc. (currently Confidence Interworks Inc.) (current) Jun 2021 Outside Director (Audit and Supervisory Committee Member), Genetech Co., Ltd. (current) Jun 2024 Outside Audit and Supervisory Board Member of the Company (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), Mirait One Corporation (current)
1980-07-30
Large Shareholding Reports
Grandeur Peak Global Advisors, LLC
2026-09-09
5.04%→6.08%
FMR Investment Management (UK) Limited
2026-07-23
5.05%→5.32%
FMR Investment Management (UK) Limited
2026-06-05
2.97%
Fidelity Management & Research Company LLC
2026-06-05
2.10%→3.22%
FMR LLC
2026-06-05
—
FMR LLC
2026-05-22
5.07%
Grandeur Peak Global Advisors, LLC
2026-02-16
5.04%
KI Co., Ltd.
2025-12-10
21.28%→20.27%
Annual report (as of 2026-03-31): 19.79%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-09
Large Shareholding Report
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-23
Large Shareholding Report
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-06-05
Change Report
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-05-22
Large Shareholding Report
EDINET
2026-02-16
Large Shareholding Report
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-10
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-08
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-08
Quarterly Securities Report
EDINET
2021-11-09
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
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