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 2022 JPYUSD
Revenue3,109.10B27,667.81M
Gross Profit1,024.65B9,118.36M
Operating income316,352M2,815.20M
Income before tax328,056M2,919.35M
Net income217,709M1,937.38M
EBITDA464,414M4,132.80M
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 1,024.65B
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 9,118.36M
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
PER30.12
ROA6.16%
ROE11.96%
Operating margin10.17%
Profit margin7.00%

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. (6.4%)
  • Sumitomo Mitsui Financial Group, Inc. (3.0%)
  • Nikko Asset Management Co., Ltd. (3.0%)
  • Daiwa Asset Management Co. Ltd. (2.9%)
  • The Vanguard Group, Inc. (2.3%)
  • Norges Bank Investment Management (1.8%)
  • Mitsubishi UFJ Financial Group, Inc. (1.7%)
  • Norinchukin Bank Pension Fund (1.7%)
  • Mitsubishi UFJ Kokusai Asset Management Co., Ltd. (1.5%)
  • Capital Research & Management Co. (World Investors) (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: +81.6.6373.4312

Related Companies

  • Daikin Applied (Malaysia) Sdn Bhd.
  • 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.

Competitors

  • Solvay SA
  • Chemours Co.
  • Johnson Controls International plc
  • Carrier Global Corp.
  • 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
  • Global Standard Technology Co., Ltd.
Last Updated on 24 Jun, 2022

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