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JAPAN ELEVATOR SERVICE HOLDINGS surges, breaking above 200-day moving average on expansion of maintenance services and forecast for consecutive record profit

Fri May 15, 2026 11:12 am JST Catalyst

JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. <6544> rose sharply for the third consecutive day, breaking decisively above its 200-day moving average. After the market close on the 14th, the company announced its results for the fiscal year ended March 2026 and disclosed its earnings forecast for the fiscal year ending March 2027. For the current fiscal year, JAPAN ELEVATOR SERVICE projects sales of 65 billion yen, up 12.8% year-on-year, and ordinary profit of 13 billion yen, up 18.1%. The previous fiscal year's results exceeded initial guidance, and the company anticipates another consecutive record profit this year, which was viewed positively by the market.

The company expects expansion in maintenance and servicing operations driven by an increase in the number of domestic maintenance contracts. It also forecasts an increase in the number of renewal projects. For the fiscal year ended March 2026, sales rose 16.7% year-on-year to 57.601 billion yen, and net income increased 32.4% to 7.319 billion yen. The year-end dividend was revised upward by 2 yen from the previous outlook to 21 yen. The dividend forecast for the current fiscal year remains undecided.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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