Japan Elevator Service Holdings Co.,Ltd. (TSE:6544) and an unknown individual agreed to acquire unknown majority stake in Toyota Facility Service Co., Ltd. on May 12, 2021. Japan Elevator Service Holdings Co.,Ltd. will acquire 60% stake whereas an unknown buyer will also be acquiring an unknown stake in Toyota Facility Service Co., Ltd. Japan Elevator Service Holdings Co.,Ltd will acquire 600 shares in Toyota Facility Service Co., Ltd. Toyota Facility Service Co., Ltd. reported net assets of ¥48.406 million, total assets of ¥87.328 million, sales of ¥266.468 million, operating profit of ¥7.215 million and net profit of ¥6.340 million for the year ended June 30, 2020. The board of directors of Japan Elevator Service Holdings Co.,Ltd. resolved the transaction on May 12, 2021.

The execution date of share transfer May 13, 2021.