Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

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Japan Experts, Extraordinary Performance

Equity Bottom-Up

Japan Elevator Service Holding / Equity Bottom-Up

<div><div><div><div><ul><li>Accelerating growth profile – Japan Elevator Service (JES) made a strong start in Q1 FY3/2024, reporting high double-digit growth for both sales (+21.4% YoY) and operating profit (+35.7% YoY).</li><li>It continues to gain market share in Maintenance &amp; Repair with its quality and cost-efficient offering and is experiencing accelerating demand in its Modernization business with its structural tailwinds.</li><li>While this may dilute the sales mix, the combination of cost management and rising engineer productivity is driving operational leverage.</li></ul></div></div></div></div>

Accelerating growth profile – Japan Elevator Service (JES) made a strong start in Q1 FY3/2024, reporting high double-digit growth for both sales (+21.4% YoY) and operating profit (+35.7% YoY).It continues to gain market share in Maintenance &amp; Repair with its quality and cost-efficient offering and is experiencing accelerating demand in its Modernization business with its structural tailwinds.While this may dilute the sales mix, the combination of cost management and rising engineer productivity is driving operational leverage.

Q1 FY3/2024 Results Update - Japan Elevator Service Holdings (6544)