DAIKIN INDUSTRIES,LTD.'s share price moved within a narrow range in early September, while a collaboration with Hitachi on the long-term supply of C4-FN gas was reported on 3 September. Meanwhile, although the earnings outlook points to substantial revenue growth, profit is expected to decline slightly year on year.
From 3 to 10 September, the share price showed little directional movement, falling from ¥20,820 to ¥20,805. Trading volume increased 133% from the previous day on 4 September and was up 58% on the same basis on 9 September, with trading expanding whenever new developments emerged.
On the same day, a collaboration with Hitachi toward the long-term supply of C4-FN gas was reported, drawing attention to the gas supply initiative as a new development in the recent range-bound market.
According to the earnings summary, revenue for the first quarter of the fiscal year ending March 2027 rose 17.5% year on year to ¥1.4268 trillion, operating profit increased 7.6% to ¥130.6 billion, and net profit declined 1.7% to ¥80.1 billion. Revenue increased, but profit growth was limited. The full-year forecast remains unchanged.
Factors to watch in the company's future performance include expanding data center demand, stronger proposals for high-value-added units, and service expansion. Risks cited include a delayed recovery in North American residential demand, the sluggish Chinese property market, and rising materials and logistics costs.