Japan Elevator Service Holdings Co., Ltd. · TSE:6544
Japan Elevator Service — Japan Elevator Svc Hldgs — Q3 2026 Earnings Presentation
22 slides from Japan Elevator Service's earnings presentation, Feb 10, 2026
Slide 1: Earnings Supplement for the Third Quarter of FY Ending March 2026
< Caution > This document is a translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail. Earnings Supplement for the Third Quarter of the Fiscal Year
Slide 2: Contents
Contents 2 Nine Months Results 1 for the Fiscal Year Ending March 2026 2 Forecasts for the Fiscal Year Ending March 2026 Copyright © japan elevator service holdings all rights reserved
Slide 3: Nine Months Results for FY Mar 2026
3 Nine Months Results for FY Mar 2026 ◼ The number of domestic maintenance contracts continues to increase steadily. Shipments of modernization units picked up in the second half ◼ An increase in modernization should affect margins. But in this fiscal year, this was offset by a rise in unit prices,
Slide 4: Operational KPI Summary
Operational KPI Summary 4 Modernization shipment had picked up but remained within the target ⚫ The number of domestic maintenance contracts increased to 123,370. The net increase in the 3Q was entirely organic and amounted to around 10,000 units, representing good progress against our annual target
Slide 5: Nine Months Results for FY Mar 2026 (Sales by Business)
Nine Months Results for FY Mar 2026 (Sales by Business) 5 Solid Maintenance and Repair and a pick- (billion yen) Quarterly Sales Trends 16 up in Modernization helped it achieve 14 another period of high sales growth 12 ⚫ Steady growth in sales of maintenance continued 10 in line with the increase in
Slide 6: Nine Months Results for FY Mar 2026 (Overview)
Nine Months Results for FY Mar 2026 (Overview) 6 Sales and profits are growing fairly steadily ⚫ Sales reached 74% of the full-year forecast. Both maintenance & repair and modernizations performed well ⚫ An increase in modernization should affect margins. But in this fiscal year, this was offset by
Slide 7: Nine Months Results for FY Mar 2026 (Balance Sheets)
Nine Months Results for FY Mar 2026 (Balance Sheets) 7 ⚫ Cash and deposits and shareholders' equity increased as our results expanded. The long-term borrowings were repaid as scheduled, and the equity ratio rose to 58.3%. We can confirm that our financial soundness has continuously improved （million
Slide 8: Forecasts for FY Mar 2026
8 Forecasts for FY Mar 2026 ◼ Earnings forecast remain unchanged ◼ The capital expenditure and depreciation forecasts remain unchanged ◼ The dividend forecast of 19 yen (payout ratio of 51.3%) remains unchanged Copyright © japan elevator service holdings all rights reserved
Slide 9: Forecasts for the Fiscal Year Ending March 2026 (Summary)
Forecasts for the Fiscal Year Ending March 2026 (Summary) 9 The Company confirmed its fairly good results. The earnings and dividend forecasts announced on November 13 remain unchanged ⚫ In the maintenance & repair, net growth in the number of maintenance contracts is expected to continue, and in th
Slide 10: FY March 2026 Capital Expenditures and Depreciation Forecasts
FY March 2026 Capital Expenditures and Depreciation Forecasts 10 (Billions of yen) FY2025 (Actual) FY2026 (Forecast) Items C a p i t a l Investments related to PRIME, a Expenditure 1.70 1.50 remote inspection service, etc. Depreciation 1.56 1.50 Capital Expenditures and Depreciation (Billions of yen
Slide 11: FY March 2026 Dividend Forecasts
FY March 2026 Dividend Forecasts 11 ⚫ Our shareholder return policy is based on a dividend payout ratio of at least 40% and aims for stable increases in EPS and DPS ⚫ Reflecting steady business growth, the Company maintains its dividend forecast of 19 yen for the fiscal year ending March 2026. This
Slide 12: References
12 References Copyright © japan elevator service holdings all rights reserved
Slide 13: Medium-Term Plan: VISION2027
Medium-Term Plan: VISION2027 13 ◼ Basic Strategy ◼ Key Indicators Raise corporate value through growth, • As a company qualified for the TSE Prime Market, we aim to achieve sustainable growth and increase corporate value, prosper together with all stakeholders adapting to changes in the social envir
Slide 14: VISION2027: Profitability Scenario to Achieve the Mid-term Plan
VISION2027: Profitability Scenario to Achieve the Mid-term Plan 14 Reconciliation of 60 billion yen in Net Sales and Operating Margin of 20% with Growing Maintenance Contracts 1. Achieve net sales of 60 billion yen by expanding the market and increasing share in Japan ⚫ As of March 31, 2025, our dom
Slide 15: VISION2027: Plan Progress - Investment
VISION2027: Plan Progress ～ Investment 15 Domestic M&A and Capital Expenditures have Peaked, Positive FCF Trend Expected Investment trends ⚫ Capital expenditures peaked in FY2023, and after the completion of the JIK in M&A for the development of the base network for FY2024, CAPEX shall be limited to
Slide 16: VISION2027: Cash Flow Management
VISION2027: Cash Flow Management 16 Sharing free cash flow with stakeholders for sustainable growth ⚫ Capital investment peaked in FY 2023 and then begin to decline ⚫ Free cash flow should be on an upward trend due to business expansion as number of maintenance contracts increases and improve profit
Slide 17: Growth in Domestic Maintenance Contracts
Growth in Domestic Maintenance Contracts 17 14% CAGR (annualized) 123,370 123,370 elevators under maintenance contracts 113,520 at the end of December 2025 100,230 88,630 Listed Listed TSE Mothers TSE 1st section 79,000 67,500 54,800 48,800 43,400 38,800 Release of “PRIME” 35,800 remote inspection s
Slide 18: Growth in Net Sales
Growth in Net Sales 18 Net sales of 49.3B 17% CAGR (annualized) for the FY Mar 2025 56.5 3.1% 49.3 35.1% 42.2 34.9 61.8% 29.7 24.5 Maintenance & repair Modernization Other 21.3 17.9 15.3 13.5 11.8 10.4 Sep Sep Sep Sep Sep Sep Sep Sep Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar 2006 2007 2008
Slide 19: Expanding Presence
Expanding Presence 19 As of February 1, 2026 Hokkaido 153 offices ▶Japan Elevator Service Hokkaido Co., Ltd. ▶EVOTECH Co., Ltd. M&A Hokuriku ▶Hokuriku Shisetsu Co., Ltd. (Equity method affiliate) Tokai / Koshinetsu ▶Japan Elevator Service Tokai Co., Ltd. ▶Japan Elevator Service Jyosai Co., Ltd. Toho
Slide 20: Financial Highlights (1/2)
Financial Highlights (1/2) 20 Net sales Operating profit (Millions of yen) (Millions of yen) 49,375 8,624 42,216 6,821 34,907 29,751 5,010 24,521 4,113 21,339 3,612 17,900 15,326 2,717 13,544 2,034 1,351 611 Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar 2017 2018 2019 2020
Slide 21: Financial Highlights (2/2)
Financial Highlights (2/2) 21 Net assets / Total assets (100 million yen) Net assets Total assets 354 325 290 253 204 203 167 142 136 106 114 105 117 78 39 51 20 28 Mar Mar Mar Mar Mar Mar Mar Mar Mar 2017 2018 2019 2020 2021 2022 2023 2024 2025 Net assets per share Earnings per share (Yen) 112.07 (
Slide 22: Disclaimer and Caution Concerning Forward-looking Statements
Disclaimer and Caution Concerning Forward-looking Statements 22 Disclaimer ⚫ Japan Elevator Service Holdings (the “Company”) has prepared these materials for your reference, so that you may understand the current status of the Company. ⚫ While these materials have been prepared based on generally-kn
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