OSAKA -- Even as businesses that rely on China are hit by the slowdown in the world's second-largest economy, Daikin Industries is doing impressively well with its secret weapon: lucrative air conditioners for upscale homes.
The Osaka-based company is poised to earn a record group net profit of 195 billion yen ($1.78 billion) for the year ending in March, up 3% from the previous year.
