This Research Note examines Azbil, a Japanese public company with a leading position in the domestic building automation market. The financial highlights and medium- to long-term outlook for the Building Automation (BA) business are based on its FY 2025 annual results, year-end 31st March 2026, investor presentation dated 13th May 2026, and Memoori analysis. See our previous coverage of Azbil’s AI and data center strategy in April 2026. Azbil BA Business Environment FY 2025 In the domestic Japanese market, demand for new office buildings in urban redevelopment projects has remained strong and is expected to continue at a high level. Demand for the retrofit of buildings also remains strong. In addition to the demand for energy savings and CO2 reduction, there is a high level of interest in creating office environments that address safety concerns and which are suited to new work styles. In the overseas market, investment continues to be robust for large-scale buildings, […]