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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 2022 JPYUSD
Gross Profit1,000.53B8,903.73M
Operating income316,352M2,815.20M
Income before tax328,056M2,919.35M
Net income217,709M1,937.38M
Diluted EPS743.456.61
Dividends Per Share2001.77
Total Assets3,823.99B31,505.64M
Total liabilities1,815.88B14,960.95M
Total equity1,972.23B16,249.08M
Operating cash flow245,071M2,180.87M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 2,290.56B 2,481.10B 2,550.30B 2,493.38B 3,109.10B
Gross Profit 769,102M 836,853M 837,875M 815,827M 1,000.53B
Operating income 253,740M 276,255M 265,514M 238,623M 316,352M
Income before tax 251,857M 275,310M 256,180M 238,543M 328,056M
Net income 189,052M 189,049M 170,731M 156,250M 217,709M
EBITDA 348,573M 375,570M 393,999M 372,216M 464,414M
Diluted EPS 646.08 645.94 583.21 533.65 743.45
Dividends Per Share 140 160 160 160 200
Total Assets 2,475.70B 2,700.89B 2,667.51B 3,239.66B 3,823.99B
Total liabilities 1,151.38B 1,254.03B 1,204.91B 1,541.16B 1,815.88B
Total equity 1,298.06B 1,417.79B 1,436.85B 1,667.70B 1,972.23B
Operating cash flow 223,740M 250,009M 302,166M 374,691M 245,071M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 20,666.87M 22,373.56M 23,456.30M 23,509.77M 27,667.81M
Gross Profit 6,939.32M 7,546.37M 7,706.31M 7,692.31M 8,903.73M
Operating income 2,289.40M 2,491.14M 2,442.05M 2,249.94M 2,815.20M
Income before tax 2,272.41M 2,482.62M 2,356.20M 2,249.18M 2,919.35M
Net income 1,705.74M 1,704.76M 1,570.29M 1,473.25M 1,937.38M
EBITDA 3,145.04M 3,386.72M 3,623.78M 3,509.57M 4,132.80M
Diluted EPS 5.82 5.82 5.36 5.03 6.61
Dividends Per Share 1.26 1.44 1.47 1.50 1.77
Total Assets 23,278.86M 24,401.59M 24,709.48M 29,318.20M 31,505.64M
Total liabilities 10,826.37M 11,329.78M 11,161.29M 13,947.17M 14,960.95M
Total equity 12,205.57M 12,809.27M 13,309.75M 15,092.38M 16,249.08M
Operating cash flow 2,018.72M 2,254.47M 2,779.15M 3,532.90M 2,180.87M

Valuation Measures

Mar 2022
Operating margin10.17%
Profit margin7.00%

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%)
  • Mitsubishi UFJ Financial Group, Inc. (1.7%)
  • Capital Research & Management Co. (World Investors) (1.7%)
  • Norinchukin Bank Pension Fund (1.7%)
  • Mitsubishi UFJ Kokusai Asset Management Co., Ltd. (1.4%)

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 30 Jan, 2023

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