Worth reading
63In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
290000
¥ millionWording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales2,910,766¥ millionYear on year +17.4%Progress 53.5%
Operating profit270,793¥ millionYear on year +9.8%Progress 59.5%
Ordinary income247,188¥ millionYear on year +2.2%Progress 59.3%
Net income attributable to owners of the parent172,959¥ millionYear on year +7.5%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥612.34
Financial position at period-end
Total assets5,841,527¥ million
of which net assets 3,045,317 ¥ millionEquity ratio 51.0%vs. prior year-end -4.9pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+341,019
Investment-183,761
Financials-196,212
Net change-38,954
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥661,632 million
Segment revenueAir Conditioning and Refrigeration Business ¥2,699,657 million (YoY +17.0%), Chemical Business ¥158,789 million (YoY +25.2%), Other businesses ¥52,319 million (YoY +15.8%)
Segment profitAir Conditioning and Refrigeration Business ¥244,364 million (YoY +5.2%), Chemical Business ¥24,214 million (YoY +77.3%), Other businesses ¥2,212 million (YoY +251.3%)
Regional salesRegion Japan / Current interim period ¥457,004 million / Year-earlier period ¥395,452 million, Region United States / Current interim period ¥1,097,071 million / Year-earlier period ¥929,989 million, Region Europe / Current interim period ¥473,340 million / Year-earlier period ¥394,292 million, Region Asia-Oceania / Current interim period ¥403,416 million / Year-earlier period ¥325,595 million, Region China / Current interim period ¥291,744 million / Year-earlier period ¥261,796 million, Region Other / Current interim period ¥188,187 million / Year-earlier period ¥171,671 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥5,440,000 million (YoY +8.5%)
Operating profit¥455,000 million (YoY +9.6%)
Ordinary income¥417,000 million (YoY +2.2%)
Profit attributable to owners of the parent¥280,000 million (YoY +1.7%)
Revision to Earnings ForecastNet Sales ¥5,150,000 million → ¥5,440,000 million（+5.6%） / Operating profit ¥436,000 million → ¥455,000 million（+4.4%） / Ordinary income ¥414,000 million → ¥417,000 million（+0.7%） / Profit attributable to owners of the parent ¥278,000 million → ¥280,000 million（+0.7%）
Annual Dividend Forecast¥340 → ¥370（+8.8%）
Factors Behind Changes in Business Performance
Demand for replacement purchases in Japan driven by the exceptionally hot summer and energy-saving regulations, demand from data centers in the Americas, expanded sales in Asia, particularly India, the heatwave in Europe and demand for heat pumps, the recovery in semiconductor- and data center-related demand, and expanded new products and supply capacity, as well as the sales pricing policy, cost reductions, fixed-cost reductions, and expansion of the services and solutions business, contributed to results.
Disclosure regarding the going concern assumption
There are no applicable matters.
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew Number of companies 5 / Company name Daikin Research and Development India Private Limited and other companies / Excluded Number of companies 14 / Company name Daikin Fluorochemicals (Shanghai) Co., Ltd. and other companies
Impairment loss¥1,239 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥1,981 million, Gain on liquidation of an affiliated company ¥2,094 million, Gain on revision of retirement benefit plans ¥2,123 million / Extraordinary loss Loss on disposal of property, plant and equipment ¥923 million, Loss on valuation of investment securities ¥6 million, Impairment loss ¥1,239 million
Depreciation and amortization¥122,079 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End293,113,973 shares
Treasury Shares at Period-End14,907,286 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥2,910,766 million (YoY +17.4%) |
| Operating profit | ¥270,793 million (YoY +9.8%) |
| Ordinary income | ¥247,188 million (YoY +2.2%) |
| Profit attributable to owners of the parent | ¥172,959 million (YoY +7.5%) |
| Net income per share | ¥612.34 |
| Equity ratio | End of the current fiscal period 51.0% / End of previous period 55.9% |
| Total assets | ¥5,841,527 million |
| Net assets | ¥3,045,317 million |
| Cash flows from operating activities | ¥341,019 million |
| Cash flows from investing activities | ¥-183,761 million |
| Cash flows from financing activities | ¥-196,212 million |
| Cash and cash equivalents at end of period | ¥661,632 million |
| Full-year earnings forecast | Net Sales ¥5,440,000 million (YoY +8.5%) / Operating profit ¥455,000 million (YoY +9.6%) / Ordinary income ¥417,000 million (YoY +2.2%) / Profit attributable to owners of the parent ¥280,000 million (YoY +1.7%) |
| Revision to Earnings Forecast | Net Sales ¥5,150,000 million → ¥5,440,000 million（+5.6%） / Operating profit ¥436,000 million → ¥455,000 million（+4.4%） / Ordinary income ¥414,000 million → ¥417,000 million（+0.7%） / Profit attributable to owners of the parent ¥278,000 million → ¥280,000 million（+0.7%） |
| Annual Dividend Forecast | ¥340 → ¥370（+8.8%） |
| Segment revenue | Air Conditioning and Refrigeration Business ¥2,699,657 million (YoY +17.0%), Chemical Business ¥158,789 million (YoY +25.2%), Other businesses ¥52,319 million (YoY +15.8%) |
| Segment profit | Air Conditioning and Refrigeration Business ¥244,364 million (YoY +5.2%), Chemical Business ¥24,214 million (YoY +77.3%), Other businesses ¥2,212 million (YoY +251.3%) |
| Regional sales | Region Japan / Current interim period ¥457,004 million / Year-earlier period ¥395,452 million, Region United States / Current interim period ¥1,097,071 million / Year-earlier period ¥929,989 million, Region Europe / Current interim period ¥473,340 million / Year-earlier period ¥394,292 million, Region Asia-Oceania / Current interim period ¥403,416 million / Year-earlier period ¥325,595 million, Region China / Current interim period ¥291,744 million / Year-earlier period ¥261,796 million, Region Other / Current interim period ¥188,187 million / Year-earlier period ¥171,671 million |
| Depreciation and amortization | ¥122,079 million |
| Impairment loss | ¥1,239 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥1,981 million, Gain on liquidation of an affiliated company ¥2,094 million, Gain on revision of retirement benefit plans ¥2,123 million / Extraordinary loss Loss on disposal of property, plant and equipment ¥923 million, Loss on valuation of investment securities ¥6 million, Impairment loss ¥1,239 million |
| Disclosure regarding the going concern assumption | There are no applicable matters. |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | New Number of companies 5 / Company name Daikin Research and Development India Private Limited and other companies / Excluded Number of companies 14 / Company name Daikin Fluorochemicals (Shanghai) Co., Ltd. and other companies |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 293,113,973 shares |
| Treasury Shares at Period-End | 14,907,286 shares |
| Factors Behind Changes in Business Performance | Demand for replacement purchases in Japan driven by the exceptionally hot summer and energy-saving regulations, demand from data centers in the Americas, expanded sales in Asia, particularly India, the heatwave in Europe and demand for heat pumps, the recovery in semiconductor- and data center-related demand, and expanded new products and supply capacity, as well as the sales pricing policy, cost reductions, fixed-cost reductions, and expansion of the services and solutions business, contributed to results. |
Items this document does not state (5)
Operating MarginPayout ratioShareholder Return PolicyOrders received and order backlogMaterial subsequent events
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Because the company is advancing measures including its sales pricing policy, strengthening sales capabilities, launching differentiated products, reducing variable costs, expanding earnings from its services and solutions business, and reviewing its fixed-cost structure in response to changes in the business environment. Interim-period results were also supported by air-conditioning demand driven by the exceptionally hot summer, demand related to data centers and semiconductors, the heatwave in Europe, and expanded sales in India.
How to read this page
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