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. Â
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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