In this Research Note, we examine Azbil, a public company with a leading position in the Japanese building automation market.  Our analysis is based on their annual results, year ending 31st March 2022 and investor presentations. The Building Automation (BA) business, the largest of three business units, accounts for 46.4% of consolidated net sales for the Azbil Group, which increased 3.9% to 256,551 million yen, year ending 31 March 2022. The overall vision for the BA business is to become an Asia-based world-class supplier of building systems. Core strategies include: Integrating their building automation systems, IoT devices and field equipment to optimize energy usage, air quality and temperature quality.Introducing cloud-based energy efficiency and virtual power plant services.Developing proven energy-saving apps and engineering services meeting safety and comfort needs in the overseas market. The BA business provides solutions incorporating the latest technology in sensing, controls, IT, building system optimization, construction, and maintenance services, as demonstrated in more than 25,000 installed systems to […]