Japan Elevator Service Announces Absorption-type Merger, Branch Restructuring

Japan Elevator Service Holdings Co., Ltd. (JES), a Tokyo-headquartered provider of maintenance and repair for elevators and escalators, announced an absorption-type merger between two of its subsidiaries and a restructuring of branches on January 18 and February 1, respectively. The merger is between wholly owned subsidiaries Japan Elevator Service Hokkaido Co., Ltd. (JES Hokkaido) and Emic Co., with JES Hokkaido the surviving company. JES observed that it has captured the Hokkaido regional market mainly through JES Hokkaido, and that absorbing Emic into it promises to “further strengthen operations, sales force and improve technical and service quality to expand and stabilize our business.” Meanwhile, JES split its Kansai branch into four — Osaka Kita, Osaka Minami, Kobe and Kyoto — and opened a new service office in Osaka Higashi. The number of domestic locations remains unchanged since JES opened them at the same location as the existing ones. JES employs approximately 1,870.