Japan Elevator Service (6544) Q3 2025 earnings summary

Executive summary

• Supply chain disruptions have largely ended, leading to a favorable business environment and improved demand and competitive position.

• Net sales for the nine months ended December 2024 rose 16.6% year-over-year to 35,549 million yen, with operating profit up 28.2% to 6,120 million yen and profit attributable to owners of parent up 27.9% to 3,904 million yen.

• Maintenance and repair business net sales grew 15.1% year-over-year, while modernization business net sales increased 20.2% year-over-year.

• The company completed the JES Innovation Center Kansai, enhancing service quality and modernization capacity in western Japan.

Financial highlights

• Net sales for the nine months ended December 2024 rose 16.6% year-over-year to 35,549 million yen.

• Operating profit increased 28.2% year-over-year to 6,120 million yen, with an operating margin of 17.2%.

• Profit attributable to owners of parent grew 27.9% year-over-year to 3,904 million yen; EPS up 27.9% to 43.84 yen.

• EBITDA for the period was 7,481 million yen, up 24.6% year-over-year.

• Gross profit for the nine months ended December 2024 was 13,549 million yen, up from 11,442 million yen year-over-year.

Outlook and guidance

• Full-year forecast for fiscal year ending March 2025 remains unchanged: net sales of 47,000 million yen (up 11.3%), operating profit of 8,000 million yen (up 17.3%), and profit attributable to owners of parent of 5,100 million yen (up 12.9%).

• Full-year earnings per share forecast is 57.27 yen.

• Dividend forecast is 30 yen per share, up 5 yen year-over-year, with a payout ratio of 52.4%.

• Full-year earnings, capital expenditures, and dividend forecasts remain unchanged, reflecting steady progress against internal targets.