Takasago Thermal Engineering (1969): Start of Multi-Year Bull

Director, Pearl Hill Advisors

Nicholas Tanner

Director

Pearl Hill Advisors

Equity Bottom-Up

Takasago Thermal Engineering / Equity Bottom-Up

<p>Takasago Thermal is a construction/engineering company established in 1923 that focusses on air conditioning systems for commercial and industrial facilities. It is involved from the planning stage right through to construction, maintenance and renovation. Last year (3/17) it had sales of Y260.2bn (+4%) and operating profits of Y12.4bn (+33%).  General purpose air conditioning units accounted for Y157.5bn or 63% of sales. This includes everything from traditional building air conditioning…</p>

Takasago Thermal is a construction/engineering company established in 1923 that focusses on air conditioning systems for commercial and industrial facilities. It is involved from the planning stage right through to construction, maintenance and renovation. Last year (3/17) it had sales of Y260.2bn (+4%) and operating profits of Y12.4bn (+33%).  General purpose air conditioning units accounted for Y157.5bn or 63% of sales. This includes everything from traditional building air conditioning…

Takasago Thermal (1969) Will Easily Beat Cautious Estimates and There Will Be More Growth Next Year.