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Daikin Industries (6367) investor relations material
Daikin Industries Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY2026 net sales rose 17.4% YoY to ¥2,910.8bn and operating profit rose 9.8% to ¥270.8bn, both record highs.
Operating margin was 9.3%, down 0.6 percentage points YoY, but improved from Q1 to Q2.
FY2027 forecasts were raised to ¥5,440bn net sales, ¥455bn operating profit and ¥280bn parent-attributable profit.
Financial highlights
H1 gross profit increased to ¥995.9bn from ¥882.7bn; SG&A rose to ¥725.1bn from ¥636.1bn.
Ordinary profit rose 2.2% YoY to ¥247.2bn; profit attributable to owners of parent rose 7.5% to ¥173.0bn.
Excluding FX effects, H1 net sales increased 9% and operating profit increased 7% YoY.
Operating profit benefited from ¥49.2bn sales expansion, ¥46.0bn selling-price gains and ¥35.0bn cost reductions; raw materials and related costs reduced profit by ¥77.0bn.
Outlook and guidance
FY2027 forecast: net sales ¥5,440bn, operating profit ¥455bn, ordinary profit ¥417bn and parent-attributable profit ¥280bn.
FY2027 operating margin is forecast at 8.4%; H2 margin is targeted to improve 0.7 percentage points YoY.
Forecast FX rates are ¥155/$, ¥180/€ and ¥22.8/RMB; FX is expected to reduce full-year operating profit by ¥10bn YoY.
Segment operating profit forecasts were raised to ¥404bn for Air Conditioning and Refrigeration Equipment, ¥45bn for Chemicals and ¥6bn for Others.
- Record sales and profit, strong FX gains, but margin and equity ratio declined.6367
Q1 2027 - Strategic shift to high-margin solutions, digitalization, and sustainability drives future growth.6367
Investor presentation - Record sales, profit, and comprehensive income with further growth forecasted.6367
Q4 2026 - Net sales up 2%, profit guidance revised, equity ratio improved, and cost focus maintained.6367
Q3 2026 - Ambitious growth and sustainability targets are underpinned by innovation and global compliance.6367
ESG update - Aggressive growth targets and hybrid cooling innovations aim to capture surging data center demand.6367
Investor Day 2025 - Profit rose 6.1% to ¥160.9b despite a 0.6% sales drop, with growth forecast ahead.6367
Q2 2026 - Record operating profit up 5.1% and profit attributable to owners up 29.2% despite sales drop.6367
Q1 2026 - Net sales up 14.3% year-over-year, but profit fell 21.4% amid cost pressures.6367
Q1 2025
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