Japan Elevator Service Holdings announces treasury share repurchase

Japan Elevator Service Holdings Co., Ltd. announced today its decision to repurchase up to 15,000 of its own shares, not exceeding JPY 70,000,000, from July 1, 2025, to July 4, 2025. The buyback, authorized by the board and conducted via market purchases on the Tokyo Stock Exchange, aims to implement flexible capital policies responsive to the evolving business environment. This action follows the company's announcement regarding the disposal of treasury stock as restricted stock compensation. The treasury shares acquired in this repurchase will be used, in part, for this purpose. As of May 31, 2025, the number of outstanding shares excluding treasury stock stood at 89,057,159, while the company held 10,041 treasury shares. In related news, Japan Elevator Service Holdings also announced changes to its executive leadership team, with Katsushi Ishida remaining as CEO and other key appointments effective June 24, 2025. The company has appointed new board members and assigned them duties that support the company's strategic goals. This includes the promotion of Kimihiko Imamura to Director and Deputy President, CFO. These operational and leadership changes will help the company to achieve its strategic goals.