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Producer Manufacturing


Business Summary

DAIKIN INDUSTRIES Ltd. engages in the manufacture and sale of air conditioning equipment. It operates through the following segments: Air Conditioner and Refrigerator, Chemicals, and Others. The Air Conditioner and Refrigerator 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 2023 JPYUSD
Gross Profit1,291.98B9,533.67M
Operating income377,033M2,782.17M
Income before tax373,384M2,755.24M
Net income257,755M1,902.00M
Diluted EPS880.056.49
Dividends Per Share2401.77
Total Assets4,303.68B32,336.62M
Total liabilities2,024.58B15,212.14M
Total equity2,238.14B16,816.80M
Operating cash flow158,896M1,172.51M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 2,481.10B 2,550.30B 2,493.38B 3,109.10B 3,981.57B
Gross Profit 836,853M 837,875M 815,827M 1,000.53B 1,291.98B
Operating income 276,255M 265,514M 238,623M 316,352M 377,033M
Income before tax 275,310M 256,180M 238,543M 328,056M 373,384M
Net income 189,049M 170,731M 156,250M 217,709M 257,755M
EBITDA 375,570M 393,999M 372,216M 464,414M 559,257M
Diluted EPS 645.94 583.21 533.65 743.45 880.05
Dividends Per Share 160 160 160 200 240
Total Assets 2,700.89B 2,667.51B 3,239.66B 3,823.99B 4,303.68B
Total liabilities 1,254.03B 1,204.91B 1,541.16B 1,815.88B 2,024.58B
Total equity 1,417.79B 1,436.85B 1,667.70B 1,972.23B 2,238.14B
Operating cash flow 250,009M 302,166M 374,691M 245,071M 158,896M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 22,373.56M 23,456.30M 23,509.77M 27,667.81M 29,380.55M
Gross Profit 7,546.37M 7,706.31M 7,692.31M 8,903.73M 9,533.67M
Operating income 2,491.14M 2,442.05M 2,249.94M 2,815.20M 2,782.17M
Income before tax 2,482.62M 2,356.20M 2,249.18M 2,919.35M 2,755.24M
Net income 1,704.76M 1,570.29M 1,473.25M 1,937.38M 1,902.00M
EBITDA 3,386.72M 3,623.78M 3,509.57M 4,132.80M 4,126.82M
Diluted EPS 5.82 5.36 5.03 6.61 6.49
Dividends Per Share 1.44 1.47 1.50 1.77 1.77
Total Assets 24,401.59M 24,709.48M 29,318.20M 31,505.64M 32,336.62M
Total liabilities 11,329.78M 11,161.29M 13,947.17M 14,960.95M 15,212.14M
Total equity 12,809.27M 13,309.75M 15,092.38M 16,249.08M 16,816.80M
Operating cash flow 2,254.47M 2,779.15M 3,532.90M 2,180.87M 1,172.51M

Valuation Measures

Mar 2023
Operating margin9.46%
Profit margin6.47%

Key executives

  • President, CEO & Representative Director: Masanori Togawa
  • GM-Accounting, Finance & Manager-Budget: Koichi Takahashi
  • Director, EVP, Head-North America R&D: Takashi Matsuzaki
  • Manager-Technology Innovation Center: Yuji Yoneda
  • Manager-Compliance & Legal Affairs: Masafumi Yamamoto


  • Nomura Asset Management Co., Ltd. (6.0%)
  • Sumitomo Mitsui Financial Group, Inc. (3.0%)
  • Nikko Asset Management Co., Ltd. (2.8%)
  • Daiwa Asset Management Co. Ltd. (2.8%)
  • The Vanguard Group, Inc. (2.3%)
  • Norges Bank Investment Management (1.8%)
  • Capital Research & Management Co. (World Investors) (1.7%)
  • Norinchukin Bank Pension Fund (1.7%)
  • Mitsubishi UFJ Financial Group, Inc. (1.6%)
  • Mitsubishi UFJ Kokusai Asset Management Co., Ltd. (1.5%)

Contact Details

  • Website:
  • Address: Umeda Center Building, 19/F, 2-4-12 Nakazaki-Nishi, Osaka, 530-8323, Japan
  • Phone: +81.6.6373.4356

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Last Updated on 26 May, 2023

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