Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

Japan Experts, Extraordinary Performance

Equity Bottom-Up

Japan Elevator Service Holding / Equity Bottom-Up

<ul><li>Solid execution and high earnings visibility – The key takeaway from Q1-3 FY3/25 results is that JES is a robust business with strong fundamentals, with double-digit sales (+16.6% YoY) and OP growth (+28.2% YoY).</li><li>Quarterly Q3 FY3/25 OPM reached a historic high of 17.9%, driven by operating leverage with recurring revenue volume from growing maintenance contracts and improving the productivity of its in-house engineers while not introducing any price hikes.</li><li>The resultant gains in market share from OEMs and sustainable margin expansion position the company to continue generating value, especially in an inflationary environment that drives demand for cost-effective and high-quality service.</li></ul>

Solid execution and high earnings visibility – The key takeaway from Q1-3 FY3/25 results is that JES is a robust business with strong fundamentals, with double-digit sales (+16.6% YoY) and OP growth (+28.2% YoY).Quarterly Q3 FY3/25 OPM reached a historic high of 17.9%, driven by operating leverage with recurring revenue volume from growing maintenance contracts and improving the productivity of its in-house engineers while not introducing any price hikes.The resultant gains in market share from OEMs and sustainable margin expansion position the company to continue generating value, especially in an inflationary environment that drives demand for cost-effective and high-quality service.

Japan Elevator Service Holdings (6544 JP) - Sustainable Margin Expansion