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Japan's Lixil holds nothing sacred in streamlining push

Sale of Italian curtain wall unit aimed at tightening focus on housing equipment

Lixil Group President Kinya Seto speaks at an earnings briefing in May.

TOKYO -- With the decision to part with a unit acquired under the leadership of a founding family member, Lixil Group President Kinya Seto sends the message that he sees no area as off-limits to his reorganization drive.

"The operations are not bad, but the question was how much profit they can give to other businesses," Seto said Monday, announcing the sale of Italian construction materials subsidiary Permasteelisa.

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