OSAKA -- Even with Japanese air-conditioner maker Daikin Industries well on the way to a second straight year of record net profits, its stock price is still down from a year earlier as doubts persist over the sustainability of its earnings.
The company expects an operating profit of 363 billion yen ($2.8 billion) on net sales of 3.76 trillion yen for fiscal 2022, which will end this coming March 31 -- enough to reach its medium-term targets for both a year early.
