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Japan air conditioner maker's groundwork pays off amid global slump

Daikin's energy-saving FIT air conditioner for the U.S. market has seen strong sales even amid the overall downturn. (Daikin)
OSAKA -- Japan's Daikin Industries likely regained its top position in the North American market for residential air conditioners, even as a global slump in the industry has forced it to downgrade earnings forecasts for the fiscal year ending March 31.