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 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	JPY	USD
Revenue	3,981.57B	29,380.55M
Gross Profit	1,291.98B	9,533.67M
Operating income	377,033M	2,782.17M
Income before tax	373,384M	2,755.24M
Net income	257,755M	1,902.00M
EBITDA	559,257M	4,126.82M
Diluted EPS	880.05	6.49
Dividends Per Share	240	1.77
Total Assets	4,303.68B	32,336.62M
Total liabilities	2,024.58B	15,212.14M
Total equity	2,238.14B	16,816.80M
Operating cash flow	158,896M	1,172.51M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 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 2019	Mar 2020	Mar 2021	Mar 2022	Mar 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
PER	26.86
ROA	6.34%
ROE	12.24%
Operating margin	9.46%
Profit margin	6.47%

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

Shareholders

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:http://www.daikin.co.jp
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