Elliott Management Releases Presentation on Daikin Industries, Ltd.
In the presentation, Elliott outlined the significant opportunity for Daikin to increase its profitability, improve its capital efficiency and drive a higher valuation for its shares by taking bold steps to close its margin gap versus its peers, launch an ambitious share repurchase program and conduct a strategic review of its non-core businesses. The presentation described a credible pathway for Daikin to achieve a 14% operating profit margin which, combined with targeted share repurchases, could see the Company's earnings per share more than double.
Elliott remains committed to working constructively with Daikin to deliver an ambitious, credible medium-term management plan that helps the Company close the performance and valuation gaps to its peers.
The presentation can be viewed at https://elliottletters.com.
About Elliott
Elliott Investment Management L.P. (together with its affiliates, "Elliott") manages approximately
Media Contacts:
Elliott Advisors (UK) Limited
T: +44 20 3009 1061
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Elliott Investment Management L.P.
T: +1 (212) 478-2017
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Brett Wallbutton
Ashton Consulting
T: +81 (0) 3 5425-7220
[email protected]
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SOURCE Elliott Investment Management L.P.
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