Japan Elevator Service : Notice of additional acquisition of shares of Toyota Facility Service Co., Ltd. to make wholly-owned subsidiary
June 23, 2022 at 04:35 am EDT
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This document is an excerpt translation of the original Japanese document and is only for reference purposes.
In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
June 23,2022
Company name: Japan Elevator Service Holdings Co., Ltd.
Representative: Katsushi Ishida, Representative Director CEO
(TSE Prime Market, Stock Code: 6544)
Contact: Kimihiko Imamura,
Director, Deputy President and Executive Officer, CFO
TEL: +81-3-6262-1625
Notice of additional acquisition of shares of Toyota Facility Service Co., Ltd. to make
wholly-owned subsidiary
Japan Elevator Service Holdings Co., Ltd. (the "Company'') hereby announces that it has decided today to acquire additional shares of Toyota Facility Service Co., Ltd. ("Toyota Facility"). As a result, Toyota Facility will be a wholly-owned subsidiary of the Company.
1. Reason for the acquisition of shares
Toyota Facility which became a subsidiary in May 2021, operates elevator maintenance business mainly in Tokyo area as a Company group, and is promoting the strengthening of the business in that area.
By acquiring the additional shares of Toyota Facility, we will further strengthen cooperation and speed up decision-making, and aim to further increase corporate value by demonstrating mutual synergies.
2. Outline of the company to become a wholly owned subsidiary (Toyota Facility Service Co., Ltd)
（1）
Company name
Toyota Facility Service Co., Ltd.
（2）
Location
Minamiikebukuro, Toshima-ku, Tokyo
（3）
Title and name of
Representative Director Atsushi Ito
representative
（4）
Business
Elevator maintenance business
（5）
Amount of capital
10Million Yen
（6）
Date of established
July 31, 2013
（7）
Major share holders
1 Individual (40.00%) , the Company (60.00%)
Shareholding ratio
3. Number of shares to be acquired, and shareholdings before and after the acquisition
（1）
Number of shares held by the Company
600 shares
before the transfer
(Percentage of voting rights held: 60%)
（2）
Number of shares to be acquired by the
400 shares
Company
（3）
Number of shares to be held by the
1,000 shares
Company after the transfer
(Percentage of voting rights held: 100%)
4. Schedule
（1）
The date of resolution by the Board of
June 23, 2022
Directors
（2）
Execution date of the Share Purchase
June 23, 2022
Agreement
（3）
Implementation date of the acquisition of
June 24, 2022 (scheduled)
shares
5. Outlook
This transaction will not have a significant impact to the Company's guidance for consolidated financial results for this fiscal year. The Company will promptly disclose when any matters that should be announced occurs.
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Japan Elevator Service Holdings Co. Ltd. published this content on 23 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2022 08:34:05 UTC.
JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. is a Japan-based company mainly engaged in the provision of the maintenance and inspection service for elevators and escalators, as well as the renewal service for elevators. The Company operates three kind of businesses. The maintenance and inspection business is involved in the provision of maintenance, inspection, replace and repair services for the engine performance and the operation safety of elevators and escalators. The renewal business is involved in the provision of a full range of main componentsâ replacing service, the removal service of products already in the field, as well as the new setting service for elevators which are installed 20 years ago. The others business is involved in the sale of parts for elevatorâs maintenance.
JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. 
