Japan Elevator Service Holdings Co.,Ltd. intent to acquire Shikoku Elevator Service Co., Ltd.
August 05, 2021
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Japan Elevator Service Holdings Co.,Ltd. (TSE:6544) intent to acquire Shikoku Elevator Service Co., Ltd. on August 6, 2021. Japan Elevator Service Holdings Co.,Ltd. agreed to acquire Shikoku Elevator Service Co., Ltd. on September 14, 2021. Definitive agreement is planned for August 7, 2021. Japan Elevator Service Holdings Co.,Ltd. will acquire 0.000006 million shares. The Board of directors resolved the transaction on August 6, 2021. The transaction is expected to complete on August 10, 2021. For the year ended on March 31, 2021, Shikoku Elevator Service Co., Ltd. reported Net assets of ¥13.435 million, total assets of ¥48.511 million, sales of ¥84.16 million, operating profit of ¥2.985 million and net profit of ¥0.386 million. The transaction is expected to close on October 1, 2021.
JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. is a Japan-based company mainly engaged in the provision of the maintenance and inspection service for elevators and escalators, as well as the renewal service for elevators. The Company operates three kind of businesses. The maintenance and inspection business is involved in the provision of maintenance, inspection, replace and repair services for the engine performance and the operation safety of elevators and escalators. The renewal business is involved in the provision of a full range of main componentsâ replacing service, the removal service of products already in the field, as well as the new setting service for elevators which are installed 20 years ago. The others business is involved in the sale of parts for elevatorâs maintenance.
JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. 
