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MarketScreener Homepage  >  Equities  >  Tokyo  >  Daikin Industries, Ltd.    6367   JP3481800005

DAIKIN INDUSTRIES, LTD.

(6367)
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Daikin Industries : Chemical South East Asia launches green move

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06/21/2019 | 08:37am EDT

Daikin Chemical South East Asia taps into the refrigerant market with environmental-friendly innovation to become the Asias number one refrigerant producer.

Daikin Chemical South East Asia Co Ltd, the global standard refrigerant importer and manufacturer, presents environmental-friendly innovation as it taps into the refrigerant market with new refilling station of environmental-friendly refrigerant and refillable cylinders and aspires to become the number one manufacturer and distributor of air conditioner, with plans to penetrate Southeast Asian market.

Mr. Takeshi Konishi, President of Daikin Chemical South East Asia co., Ltd reveals that as Daikin Industries, which has always been trusted by customers almost a century as a global standard refrigerant manufacturer had a policy to expand the market and establish Daikin Chemical South East Asia in Thailand. To carry on that high standard the firm is constantly evolving with new technology and innovation to produce merchandise and efficient, environmental-friendly refrigerant to support the clients, while at the same time offers high quality products that cater to the consumers need with environmental friendliness at the core.

This year we are ready to present a special refrigerant that reduces the greenhouse effect, which is packed in a refillable cylinder to decrease disposable cylinder that can be considered as environmentally friendly and the establishment of refrigerant station especially for production in responding to customer satisfaction and to reduce impact on the environment. At present, we are aiming to increase market share in Thailand and ready to expand the market throughout Southeast Asia Which is a market with potential and demand for air conditioners that are constantly growing, "said Mr. Konishi

Not only air conditioner and residential products, the firm is looking to expand to automotive market, protective coating for petrochemical industry and construction, water and oil proof for fabric and paper for food container, and electronic boards where the firm has strategized market penetration plans for each product and target group.

(c) 2019 Uzbekistan National News Agency (UzA). All right reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (JPY)
Sales 2020 2 643 B
EBIT 2020 296 B
Net income 2020 202 B
Finance 2020 28 812 M
Yield 2020 1,22%
P/E ratio 2020 19,3x
P/E ratio 2021 17,7x
EV / Sales2020 1,47x
EV / Sales2021 1,37x
Capitalization 3 902 B
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 14 894,44  JPY
Last Close Price 13 340,00  JPY
Spread / Highest target 38,7%
Spread / Average Target 11,7%
Spread / Lowest Target -23,5%
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Managers
NameTitle
Masanori Togawa President, CEO & Representative Director
Noriyuki Inoue Chairman
Koichi Takahashi Director, Head-Budget, GM-Finance & Accounting
Chiyono Terada Independent Outside Director
Takashi Matsuzaki Director & Senior Managing Executive Officer
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