ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

Daikin beats China slowdown with high-end air conditioners

Chinese sales up 2% but US market remains a challenge

Customers look at air conditioners at a Daikin store in China.

OSAKA -- Even as businesses that rely on China are hit by the slowdown in the world's second-largest economy, Daikin Industries is doing impressively well with its secret weapon: lucrative air conditioners for upscale homes.

The Osaka-based company is poised to earn a record group net profit of 195 billion yen ($1.78 billion) for the year ending in March, up 3% from the previous year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more