Worth reading
74In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
8226
¥ million (year-on-year increase in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending March 202614 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥57,601 million+16.7%
Operating profit¥11,010 million+27.7%
Ordinary income¥11,006 million+27.7%
Net income¥7,319 million+32.4%
Selling, general and administrative expensesAmount not stated
Operating profit margin19.1% (no year-on-year change specified; operating margin before goodwill amortization was 19.6%, up 1.6 percentage points year on year)
Full-year earnings forecast
Net Sales
¥65,000 million
Operating profit
¥13,000 million
Ordinary income
¥13,000 million
Profit attributable to owners of the parent
¥8,200 million
Operating profit before amortization of goodwill
¥13,277 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Results came in above the performance forecast revised upward in November 2025, for both revenue and profit.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Revenue¥8,226 million
- Materials costs¥-1,943 million
- Labor and Personnel Costs¥-1,651 million
- Outsourcing costs¥-874 million
- Depreciation¥-24 million
- Other¥-1,333 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The company expects to maintain the pace of net growth in maintenance contracts, achieve growth in renewal volume and prices, control SG&A expenses and improve productivity. Specific assumptions for the performance forecast, including foreign exchange rates, raw material prices and interest rates, were not disclosed.New initiatives
- Launch elevator installation services in May 2026
- Plan to establish Japan Elevator Service Malaysia with local investor Potensi Terus Industries and related parties (55% ownership by the company)
- Expand the network of locations by establishing new offices, including the Oita Sales Office
- Acquisition of ナカ・エレベータ
- Acquisition of the car lift business from IHI Parking Square
Key KPIsA metric the company considers important as a management benchmark.
- Number of domestic maintenance contracts126,840 UnitsYear on year against the same period last yearNet increase of approximately 13,320 contracts
- Domestic market share11 % estimateYear on year against the same period last yearExpanded by more than 1 percentage point
- Number of locations156 LocationYear on year against the same period last yearIncreased from 148 locations as of the end of March 2025
- Number of service technicians1,452 people
- Number of LiftSPOT units installed12,000 Units
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Renewal prices increased. The number of maintenance contracts was 126,840, a net annual increase of approximately 13,320. However, a breakdown of price and volume as a single metric was not disclosed.Segment results
Maintenance and servicing services
Net Sales
¥34,499 million
Renewal services
Net Sales
¥21,801 million
Other
Net Sales
¥1,300 million
Medium-term management plan targets
Net Sales¥60 billion or more (by the fiscal year ending March 2027)
Operating profit margin20% (excluding goodwill amortization, by the fiscal year ending March 2027)
Payout ratioAt least 40%
Comparison with actual resultsRevenue for the fiscal year ended March 2026 was ¥57.6 billion, and the operating margin before goodwill amortization was 19.6%. The forecast for the fiscal year ending March 2027 is revenue of ¥65.0 billion and the same margin of 20.4%, indicating that all targets are expected to be exceeded.
Market Size / Share
- Approximately 1.18 million units in the domestic elevator and related maintenance market (March 2026)ShareApproximately 76% for manufacturer-affiliated providers and 24% for independent providers (estimate)
- Approximately 1.20 million units in the domestic market in the fiscal year ending March 2027 (forecast)ShareApproximately 12–13% for JES (forecast)
Number of stores and locations
Number at period-end148 locations as of the end of March 2026 and 156 locations as of 1 May 2026
Number of store openings and closures during the periodA list of newly established locations is provided, but the number of openings and closures during the period was not disclosed.
Number of employees
Number of Employees2,286 People as of March 2026, consolidated
Changes during the period and hiring planThe company hired 167 new graduates in April 2026, including 146 service technicians. It plans to steadily hire more than 100 service technicians annually.
Capital expenditures
¥19 billions forecast for the fiscal year ending March 2027
Annual Dividend
Annual dividend per share¥21
Payout ratio
51.2% (shareholder return policy: 40% or more)| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥57,601 million (YoY +16.7%) |
| Operating profit | ¥11,010 million (YoY +27.7%) |
| Ordinary income | ¥11,006 million (YoY +27.7%) |
| Net income | ¥7,319 million (YoY +32.4%) |
| Operating profit margin | 19.1% (no year-on-year change specified; operating margin before goodwill amortization was 19.6%, up 1.6 percentage points year on year) |
| Selling, general and administrative expenses | 非開示 |
| Full-year earnings forecast | Net Sales ¥65,000 million / Operating profit ¥13,000 million / Ordinary income ¥13,000 million / Profit attributable to owners of the parent ¥8,200 million / Operating profit before amortization of goodwill ¥13,277 million |
| Self-assessment against the plan | Results came in above the performance forecast revised upward in November 2025, for both revenue and profit. |
| Segment results | Maintenance and servicing services Net Sales ¥34,499 million / Year on year against the same period last year Not disclosed / Renewal services Net Sales ¥21,801 million / Year on year against the same period last year Not disclosed / Other Net Sales ¥1,300 million / Year on year against the same period last year Not disclosed |
| Breakdown of Factors Affecting the Change | Factors Revenue / Amount ¥8,226 million, Factors Materials costs / Amount ¥-1,943 million, Factors Labor and Personnel Costs / Amount ¥-1,651 million, Factors Outsourcing costs / Amount ¥-874 million, Factors Depreciation / Amount ¥-24 million, Factors Other / Amount ¥-1,333 million |
| Key KPIs | Indicator name Number of domestic maintenance contracts / Value 126,840 Units / Year on year against the same period last year Net increase of approximately 13,320 contracts, Indicator name Domestic market share / Value 11 % (estimate) / Year on year against the same period last year Expanded by more than 1 percentage point, Indicator name Number of locations / Value 156 Location / Year on year against the same period last year Increased from 148 locations as of the end of March 2025, Indicator name Number of service technicians / Value 1,452 people / Year on year against the same period last year Not disclosed, Indicator name Number of LiftSPOT units installed / Value 12,000 Units / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Renewal prices increased. The number of maintenance contracts was 126,840, a net annual increase of approximately 13,320. However, a breakdown of price and volume as a single metric was not disclosed. |
| Number of stores and locations | Number at period-end 148 locations as of the end of March 2026 and 156 locations as of 1 May 2026 / Number of store openings and closures during the period A list of newly established locations is provided, but the number of openings and closures during the period was not disclosed. |
| Number of employees | Number of Employees 2,286 People (as of March 2026, consolidated) / Changes during the period and hiring plan The company hired 167 new graduates in April 2026, including 146 service technicians. It plans to steadily hire more than 100 service technicians annually. |
| Assumptions Underlying the Business Outlook | The company expects to maintain the pace of net growth in maintenance contracts, achieve growth in renewal volume and prices, control SG&A expenses and improve productivity. Specific assumptions for the performance forecast, including foreign exchange rates, raw material prices and interest rates, were not disclosed. |
| Medium-term management plan targets | Net Sales ¥60 billion or more (by the fiscal year ending March 2027) / Operating profit margin 20% (excluding goodwill amortization, by the fiscal year ending March 2027) / Payout ratio At least 40% / Comparison with actual results Revenue for the fiscal year ended March 2026 was ¥57.6 billion, and the operating margin before goodwill amortization was 19.6%. The forecast for the fiscal year ending March 2027 is revenue of ¥65.0 billion and the same margin of 20.4%, indicating that all targets are expected to be exceeded. |
| Annual Dividend | Annual dividend per share ¥21 / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | 51.2% (shareholder return policy: 40% or more) |
| Capital expenditures | ¥19 billions (forecast for the fiscal year ending March 2027) |
| Market Size / Share | Market Size Approximately 1.18 million units in the domestic elevator and related maintenance market (March 2026) / Share Approximately 76% for manufacturer-affiliated providers and 24% for independent providers (estimate), Market Size Approximately 1.20 million units in the domestic market in the fiscal year ending March 2027 (forecast) / Share Approximately 12–13% for JES (forecast) |
| New initiatives | Launch elevator installation services in May 2026, Plan to establish Japan Elevator Service Malaysia with local investor Potensi Terus Industries and related parties (55% ownership by the company), Expand the network of locations by establishing new offices, including the Oita Sales Office, Acquisition of ナカ・エレベータ, Acquisition of the car lift business from IHI Parking Square |
Items this document does not state (8)
Gross Profit MarginResults for the three months of the current quarterProgress against full-year forecastRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesOrders received and order backlogKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company cited higher renewal prices, improved productivity accompanying the increase in maintenance contracts, and control of SG&A expenses as the reasons for the improvement in results.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.