Daikin Industries, the world’s largest air conditioning manufacturer, reported an 8.1% increase in net sales to ¥4.75 trillion ($31.2 billion) for the fiscal year ended March 31, 2025, as robust global demand for climate control systems continues.
Operating profit rose 2.4% to ¥401.7 billion, while profit attributable to owners grew 1.7% to ¥264.8 billion. The Osaka-based company celebrated its 100th anniversary with higher dividend payouts, including a special ¥50 per share commemorative dividend for the milestone.
Looking ahead, Daikin projects a more modest 1.8% sales growth to ¥4.84 trillion for fiscal 2026, but anticipates stronger profitability with operating profit expected to jump 8.3% to ¥435 billion. This reflects potential margin improvements as the company navigates global economic conditions.
Cash flow from operating activities surged 28.7% to ¥514.5 billion, while capital expenditures increased as the company invested ¥337.4 billion in growth initiatives. The firm’s financial position remains solid with an equity ratio of 54.6%, up slightly from 54.0% a year earlier.
Daikin continues expanding its global footprint through strategic acquisitions, adding 10 companies including Varitec Solutions to its portfolio. The air conditioning powerhouse is banking on anticipated market growth, with the global industry expected to reach $162.9 billion by 2030.
