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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 and Refrigeration Business, Chemicals and Others. The Air Conditioning and Refrigeration Business segment provides residential air conditioners, residential air purifiers, commercial-use air conditioners, commercial-use air purifiers, large-sized chillers, marine container refrigeration units and marine vessel air conditioners. The Chemicals segment provides fluoropolymers, fine chemical products, fluorocarbons and chemical engineering machinery. The Others segment includes oil hydraulic, defense systems and electronics businesses. The company was founded by Akira Yamada on October 25, 1924 and is headquartered in Osaka, Japan.

Financial Highlights

Mar 2020 JPYUSD
Revenue2,550.30B23,456.30M
Gross Profit837,875M7,706.31M
Operating income265,514M2,442.05M
Income before tax256,180M2,356.20M
Net income170,731M1,570.29M
EBITDA393,999M3,623.78M
Diluted EPS583.215.36
Dividends Per Share1601.47
Total Assets2,667.51B24,709.48M
Total liabilities1,204.91B11,161.29M
Total equity1,436.85B13,309.75M
Operating cash flow302,166M2,779.15M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 2,043.69B 2,043.96B 2,290.56B 2,481.10B 2,550.30B
Gross Profit 684,034M 704,189M 769,102M 836,853M 837,875M
Operating income 217,872M 230,770M 253,740M 276,255M 265,514M
Income before tax 206,183M 230,609M 251,857M 275,310M 256,180M
Net income 136,986M 153,938M 189,052M 189,049M 170,731M
EBITDA 302,074M 315,799M 348,573M 375,570M 393,999M
Diluted EPS 468.84 526.42 646.08 645.94 583.21
Dividends Per Share 120 130 140 160 160
Total Assets 2,191.10B 2,356.14B 2,475.70B 2,700.89B 2,667.51B
Total liabilities 1,153.63B 1,220.53B 1,151.38B 1,254.03B 1,204.91B
Total equity 1,015.52B 1,112.71B 1,298.06B 1,417.79B 1,436.85B
Operating cash flow 226,186M 267,663M 223,740M 250,009M 302,166M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 17,018.80M 18,875.38M 20,666.87M 22,373.56M 23,456.30M
Gross Profit 5,696.28M 6,502.95M 6,939.32M 7,546.37M 7,706.31M
Operating income 1,814.32M 2,131.08M 2,289.40M 2,491.14M 2,442.05M
Income before tax 1,716.98M 2,129.59M 2,272.41M 2,482.62M 2,356.20M
Net income 1,140.74M 1,421.56M 1,705.74M 1,704.76M 1,570.29M
EBITDA 2,515.51M 2,916.30M 3,145.04M 3,386.72M 3,623.78M
Diluted EPS 3.90 4.86 5.82 5.82 5.36
Dividends Per Share 0.99 1.20 1.26 1.44 1.47
Total Assets 19,494.68M 21,144.64M 23,278.86M 24,401.59M 24,709.48M
Total liabilities 10,264.12M 10,953.38M 10,826.37M 11,329.78M 11,161.29M
Total equity 9,035.33M 9,985.78M 12,205.57M 12,809.27M 13,309.75M
Operating cash flow 1,883.56M 2,471.78M 2,018.72M 2,254.47M 2,779.15M

Valuation Measures

Mar 2020
PER22.56
ROA6.36%
ROE11.96%
Operating margin10.41%
Profit margin6.69%

Key executives

  • President, CEO & Representative Director: Masanori Togawa
  • Director, Head-Budget, GM-Finance & Accounting: Koichi Takahashi
  • Executive Officer, Head-Compliance & Legal Affairs: Masafumi Yamamoto
  • Representative Director & Executive Vice President: Ken Tayano
  • Director & Executive Vice President: Masatsugu Minaka

Shareholders

  • Nomura Asset Management Co., Ltd. (7.1%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (4.0%)
  • Nikko Asset Management Co., Ltd. (3.2%)
  • Sumitomo Mitsui Financial Group, Inc. (3.0%)
  • Daiwa Asset Management Co. Ltd. (2.9%)
  • The Vanguard Group, Inc. (2.6%)
  • Norges Bank Investment Management (2.0%)
  • Mitsubishi UFJ Financial Group, Inc. (1.7%)
  • Norinchukin Bank Pension Fund (1.7%)
  • Mitsubishi UFJ Kokusai Asset Management Co., Ltd. (1.4%)

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 Air Conditioning New Zealand Ltd.
  • Daikin Airconditioning Mexico S de RL de CV
  • Daikin Refrigerants Europe GmbH
  • 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 Vietnam JSC
  • 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.
  • Daikin Airconditioning Korea Co., Ltd.
  • Daikin Applied Latin America LLC
  • McQuay Air-Conditioning Ltd.
  • Daikin Device (Suzhou) Co. Ltd.

Competitors

  • Chemours Co.
  • Solvay SA
  • Johnson Controls International plc
  • Alarko Carrier Sanayi ve Ticaret A.S.
  • Carrier Global Corp.
  • Modine Manufacturing Company
  • Tadiran Holdings Ltd.
  • Chigo Holding Limited
  • Lennox International Inc.
  • Beijer Ref AB Class B
  • Alarko Holding A.S.
  • Brimag Digital Age Ltd
  • Brooks Automation, Inc.
  • Nirmitee Robotics India Ltd
  • Shenzhen Capchem Technology Co., Ltd. Class A
Last Updated on 10 Jul, 2020

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