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

DAIKIN INDUSTRIES Ltd.

Business Summary

DAIKIN INDUSTRIES Ltd. engages in the manufacture and sale of air conditioning equipment. It operates through the following segments: Air Conditioning, Chemicals, and Others. The Air Conditioning segment deals with the manufacture, distribution, and installation of air conditioning and refrigeration equipment. The Chemicals segment offers fluorocarbon gas, fluororesin, and other chemical products such as semiconductor etching agent, water and oil repellent, surfactant, carbon fluoride, and fluorine oil. The Others segment covers oil machineries, special machineries, and electronic systems. The company was founded by Akira Yamada on October 25, 1924 and is headquartered in Osaka, Japan.

Financial Highlights

Mar 2021 JPYUSD
Revenue2,493.38B23,509.77M
Gross Profit815,827M7,692.31M
Operating income238,623M2,249.94M
Income before tax238,543M2,249.18M
Net income156,250M1,473.25M
EBITDA372,216M3,509.57M
Diluted EPS533.655.03
Dividends Per Share1601.50
Total Assets3,239.66B29,318.20M
Total liabilities1,541.16B13,947.17M
Total equity1,667.70B15,092.38M
Operating cash flow374,691M3,532.90M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 2,043.96B 2,290.56B 2,481.10B 2,550.30B 2,493.38B
Gross Profit 704,189M 769,102M 836,853M 837,875M 815,827M
Operating income 230,770M 253,740M 276,255M 265,514M 238,623M
Income before tax 230,609M 251,857M 275,310M 256,180M 238,543M
Net income 153,938M 189,052M 189,049M 170,731M 156,250M
EBITDA 315,799M 348,573M 375,570M 393,999M 372,216M
Diluted EPS 526.42 646.08 645.94 583.21 533.65
Dividends Per Share 130 140 160 160 160
Total Assets 2,356.14B 2,475.70B 2,700.89B 2,667.51B 3,239.66B
Total liabilities 1,220.53B 1,151.38B 1,254.03B 1,204.91B 1,541.16B
Total equity 1,112.71B 1,298.06B 1,417.79B 1,436.85B 1,667.70B
Operating cash flow 267,663M 223,740M 250,009M 302,166M 374,691M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 18,875.38M 20,666.87M 22,373.56M 23,456.30M 23,509.77M
Gross Profit 6,502.95M 6,939.32M 7,546.37M 7,706.31M 7,692.31M
Operating income 2,131.08M 2,289.40M 2,491.14M 2,442.05M 2,249.94M
Income before tax 2,129.59M 2,272.41M 2,482.62M 2,356.20M 2,249.18M
Net income 1,421.56M 1,705.74M 1,704.76M 1,570.29M 1,473.25M
EBITDA 2,916.30M 3,145.04M 3,386.72M 3,623.78M 3,509.57M
Diluted EPS 4.86 5.82 5.82 5.36 5.03
Dividends Per Share 1.20 1.26 1.44 1.47 1.50
Total Assets 21,144.64M 23,278.86M 24,401.59M 24,709.48M 29,318.20M
Total liabilities 10,953.38M 10,826.37M 11,329.78M 11,161.29M 13,947.17M
Total equity 9,985.78M 12,205.57M 12,809.27M 13,309.75M 15,092.38M
Operating cash flow 2,471.78M 2,018.72M 2,254.47M 2,779.15M 3,532.90M

Valuation Measures

Mar 2021
PER41.80
ROA5.29%
ROE10.06%
Operating margin9.57%
Profit margin6.26%

Key executives

  • President, CEO & Representative Director: Masanori Togawa
  • GM-Accounting, Finance & Manager-Budget: Koichi Takahashi
  • Director, EVP & Head-Production Technology: Jiro Tomita
  • Director, EVP, Head-North America R&D: Takashi Matsuzaki
  • Executive Officer & Manager-Technology: Yuji Yoneda

Shareholders

  • Nomura Asset Management Co., Ltd. (7.1%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (4.0%)
  • Asset Management One Co., Ltd. (3.5%)
  • Nikko Asset Management Co., Ltd. (3.2%)
  • Daiwa Asset Management Co. Ltd. (3.1%)
  • Sumitomo Mitsui Financial Group, Inc. (3.0%)
  • The Vanguard Group, Inc. (2.2%)
  • Norges Bank Investment Management (2.0%)
  • Mitsubishi UFJ Financial Group, Inc. (1.7%)
  • Norinchukin Bank Pension Fund (1.7%)

Contact Details

  • Website:http://www.daikin.co.jp
  • Address: Umeda Center Building, 19/F, 2-4-12 Nakazaki-Nishi, Osaka, 530-8323, Japan
  • Phone: +81.6.6373.4312

Related Companies

  • Daikin Chemical Southeast Asia Co., Ltd.
  • Daikin Middle East & Africa FZE
  • Daikin Airconditioning New Zealand Ltd.
  • Daikin Airconditioning Mexico S de RL de CV
  • Daikin Refrigerants Europe GmbH
  • PT Daikin Manufacturing Indonesia
  • Daikin North America LLC
  • Daikin Applied Europe SpA
  • Daikin-McQuay Ar Condicionado Brasil Ltda.
  • Daikin McQuay Mexico S RL CV
  • Daikin Tradings Services (Shanghai) Co. Ltd.
  • Daikin Klima Pazzarlama Ltd. Sirketi
  • Daikin-McQuay Middle East FZE
  • McQuay LLC
  • Daikin Air Conditioning (Vietnam) JSC
  • Daikin Malaysia Sales & Service Sdn. Bhd.
  • Daikin Hungary Kft
  • Daikin Isitma ve Sogutma Sistemleri Sanayi Ticaret AS
  • Abbar & Zainy Daikin Airconditioning Co. Ltd.
  • Daikin Airconditioning Philippines, Inc.
  • Daikin Airconditioning Peru SAC
  • Daikin Airconditioning Argentina SA
  • Daikin Air Conditioning Technology (Beijing) Co. Ltd.
  • Daikin Ar Condicionado Amazonas Ltda.
  • Daikin Chemical International Trading (Shanghai) Co. Ltd.
  • Daikin Airconditioning Colombia SAS
  • McQuay Air-Conditioning & Refrigeration (Suzhou) Co. Ltd.
  • PT Daikin Airconditioning Indonesia
  • Daikin Air-Conditioning (Suzhou) Co. Ltd.
  • Taiwan Daikin Advanced Chemicals, Inc.

Competitors

  • Solvay SA
  • Chemours Co.
  • Johnson Controls International plc
  • Carrier Global Corp.
  • Shenzhen Capchem Technology Co., Ltd. Class A
  • Modine Manufacturing Company
  • AAON, Inc.
  • HEXPOL AB Class B
  • Lennox International Inc.
  • Beijer Ref AB Class B
  • Tadiran Group Ltd
  • Chigo Holding Limited
  • Brimag Digital Age Ltd
  • Azenta, Inc.
  • Global Standard Technology Co., Ltd.
  • Nirmitee Robotics India Ltd
Last Updated on 1 Dec, 2021

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