We continue to expand and strengthen our lineup of commercial air conditioners. Our multi air conditioning systems can connect several indoor units to a single outdoor unit, allowing users to reduce the space required for the outdoor unit. These systems are particularly popular with shops and offices in urban areas in Europe, where consideration must be paid to the scenery. Among strict energy-saving regulations, we leverage the ability of our products to save energy through finely controlling the temperature of each room (in contrast with traditional products which cool the entire building), in an effort to promote adoption of these products in small-tomedium buildings and commercial facilities in the North American market.Since its launch in 2001, our “AIRSTAGE” series of multi air conditioning systems for buildings (VRF) has continued to gain popularity as we expand the lineup with products that suit the needs of each region, such as Europe, Australia, the Americas, and China. In order to meet the need for features such as excellent energy efficiency, exceptional design versatility, and more comfortable current control, we will continue to strengthen our development of multi air conditioning systems for buildings that integrate our advanced refrigerating cycle technology and comfort control systems, and attempt to expand our share in the world market.
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