6544 Japan Elevator Service Holdings
- Japan Guru
- Aug 11
- 1 min read
The leading "rollup" acquiror in elevator maintenance, preservation, and renewal. Expanding from Kanto and Hokkaido to the entire country
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The best English write up possible, by the great team at Horizon Kinetics.
https://horizonkinetics.com/app/uploads/JAPN-Portfolio-Highlight-6544JP-Japan-Elevator-Service-Holding_Aug-2025_FINAL.pdf
JES has grown its rev for 30 consecutive years, and its market capitalization has grown 70-fold from 5.3 billion yen at the time of its IPO in 2017 to 360 billion yen.
Very active rollup acquiror, closing 17 deals since 2020 alone
https://x.com/makemmd/status/1949101337943121964