Daikin Industries (6367) Q4 2026 earnings summary

Executive summary

• Achieved record highs in net sales and operating profit for FY2025, with net sales rising 5.5% year-over-year to ¥5,015,036 million and operating profit increasing 3.3% to ¥414,991 million.

• Profit attributable to owners grew 4.0% year-over-year to ¥275,229 million.

• Comprehensive income surged 123.1% year-over-year to ¥572,694 million.

• Strategic initiatives focused on sales and marketing, cost reductions, and product differentiation to counter demand drops.

Financial highlights

• Gross profit improved to ¥1,732,516 million, with a stable margin at 34.5%.

• Ordinary profit rose to ¥408,171 million, up 11.4% year-over-year.

• Earnings per share was ¥939.14, nearly flat year-over-year.

• Equity ratio increased to 55.9% from 54.6% year-over-year.

• Cash and cash equivalents at period end were ¥706,523 million, up from ¥658,105 million.

Outlook and guidance

• FY2026/FY2027 net sales forecast: ¥5,150,000 million (+2.7% YoY); operating profit: ¥436,000 million (+5.1% YoY).

• Profit attributable to owners expected to reach ¥278,000 million, up 1.0% year-over-year.

• Dividend per share forecasted at ¥360.00.

• Strategic plan “Fusion 30” targets 10% operating margin and 12% ROE by FY2028.

• Focus on expanding commercial solutions, cost reductions, and energy-saving equipment amid global uncertainties.