What will be the Refrigerant impact on Daikin’s business?

R-32 units are today sold in more than 40 countries. As the industry will benefit and expand, we can expect our business to expand globally. In the U.S., one of the world's largest markets, will be a major step toward the development of R-32 products. In Europe, where R-32 air conditioners were first introduced in 2013, this action can help meet the gradual phase down of HFC consumption required by the EU F-gas legislation. It can also help meet the GWP limit of 750 for single split air conditioners with a refrigerant charge below 3 kg much earlier than required (legal deadline is 2025). In emerging countries, we expect some countries will revise their regulations and standards to align with those of developed countries.