Daikin Industries
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Daikin Industries (6367) investor relations material

Daikin Industries Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary4 Feb, 2026

Executive summary

  • Net sales for the nine months ended December 31, 2025, rose 2% year-over-year to ¥3,666.3 billion, with operating profit down 3.4% to ¥307.9 billion and ordinary profit up 5% to ¥305.7 billion.

  • Profit attributable to owners of parent increased 4.6% year-over-year to ¥195.4 billion, and comprehensive income surged 50.5% to ¥449.0 billion.

  • Earnings per share for the period were ¥667.22, up from ¥637.72 in the prior year.

  • U.S. tariffs had a direct negative impact on operating profit, partially offset by pass-through pricing and cost reductions.

Financial highlights

  • Gross profit increased to ¥1,275.3 billion from ¥1,231.5 billion year-over-year.

  • Net assets grew to ¥3,219.1 billion as of December 31, 2025, from ¥2,866.7 billion at March 31, 2025.

  • Total assets increased to ¥5,670.2 billion from ¥5,133.4 billion at the previous fiscal year-end.

  • Cash and cash equivalents at period-end were ¥768.2 billion, up from ¥735.4 billion a year earlier.

  • Excluding FX effects, net sales grew 3% and operating profit 1% year-over-year.

Outlook and guidance

  • Full-year FY2025 operating profit forecast revised to ¥413 billion, aiming for profit growth in Q4.

  • Net sales forecast for FY2025 is ¥4,920 billion, up 4% year-over-year.

  • Profit attributable to owners of parent forecast at ¥268.0 billion; earnings per share forecast at ¥915.29.

  • Dividend forecast for the fiscal year ending March 31, 2026, is ¥330 per share, unchanged from the previous year.

  • Focus on expanding high value-added products, cost reductions, and efficiency improvements ahead of FY2026.

What drove the increase in acquisition spending?
Assess the foreign currency translation impact.
Why did operating profit decline despite sales growth?
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Frequently asked questions

Daikin Industries Ltd manufactures and sells air conditioning, refrigeration, and chemical products. It provides HVAC systems, fluorochemicals, and air purifiers for residential, commercial, and industrial use worldwide. The company is headquartered in Osaka, Japan, and its shares are listed on the TSE.

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