エレベーターアセット announced a capital alliance under which it will transfer part of its common shares to ジャパンエレベーターサービスホールディングス, bringing JES in as a new shareholder. The companies plan to strengthen elevators' role as social infrastructure by working together to unlock their asset value.
エレベーターアセット transferred part of its common shares in the company, based in Shinjuku, Tokyo, to TSE Prime-listed ジャパンエレベーターサービスホールディングス (JES). JES has become a new shareholder, and through its capital participation the companies aim to enhance the value of elevators by combining their respective strengths.
The companies cite Ministry of Land, Infrastructure, Transport and Tourism data showing that buildings and equipment in Japan are aging, with the growing stock of condominiums more than 40 years old and insufficient repair reserves becoming challenges. They emphasize an initiative to use elevators not merely as equipment but as social infrastructure assets. エレベーターアセット operates three businesses: leasing, investment and advertising. JES provides a broad range of maintenance and renewal services as Japan's largest independent elevator maintenance company.
The companies aim to combine JES's quality, safety and technical expertise with エレベーターアセット's financial and asset-utilization capabilities to enhance elevator asset value on the foundation of reliability and safety, and to create sustainable social infrastructure. Through the capital participation, they are expected to provide building owners and management associations with new options and value.
The press release describes the background and purpose of the capital alliance, along with comments from both companies. Further information on service collaboration and specific implementation schedules is awaited.
The source is PR TIMES, which issued the press release, and the report is based on official announcements from both エレベーターアセット and JES.