DAIKIN INDUSTRIES, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 4%

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Wed Feb 5, 2025 3:30 pm JST Earnings

6367 DAIKIN INDUSTRIES, LTD. 【J-GAAP】

Earnings Report

DAIKIN INDUSTRIES, LTD. <6367> [TSE Prime] announced its financial results after the market closed on February 5th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 3.7% from the same period last year, reaching 292 billion yen. However, the progress rate toward the full-year plan of 392 billion yen was 74.6%, also falling below the five-year average of 81.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to expand 37.5% from the same period last year, reaching 99.5 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 11.9% from the same period last year, reaching 68.3 billion yen. However, the operating profit margin remained almost flat, changing from 6.8% in the same period last year to 6.6%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	2,985,667	303,757	299,255	208,952	713.9	81.7	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	3,263,652	306,490	282,113	193,850	662.2	79.6	Feb 6, 2024	J-GAAP
Apr - Dec, 2024	3,593,224	318,740	292,483	186,712	637.7	74.6	Feb 5, 2025	J-GAAP
YoY	+10.1%	+4.0%	+3.7%	-3.7%	-3.7%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	2,170,163	156,391	133,419	107,307	366.6	130	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,276,936	181,406	167,832	115,343	393.9	135	Nov 6, 2024	J-GAAP
YoY	+4.9%	+16.0%	+25.8%	+7.5%	+7.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,981,578	377,032	366,245	257,754	880.6	240	May 9, 2023	J-GAAP
Mar, 2024	4,395,317	392,137	354,492	260,311	889.2	250	May 9, 2024	J-GAAP
Mar, 2025 Guidance	4,770,000	428,000	392,000	267,000	911.9	320	Nov 6, 2024	J-GAAP
YoY	+8.5%	+9.1%	+10.6%	+2.6%	+2.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,038,498	70,744	61,040	40,846	139.5	6.8	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	1,131,665	85,647	72,379	66,461	227.0	7.6	May 9, 2024	J-GAAP
Apr - Jun, 2024	1,251,029	115,410	105,193	63,099	215.5	9.2	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	1,242,035	131,184	118,975	88,558	302.5	10.6	Nov 6, 2024	J-GAAP
Oct - Dec, 2024	1,100,160	72,146	68,315	35,055	119.7	6.6	Feb 5, 2025	J-GAAP
YoY	+5.9%	+2.0%	+11.9%	-14.2%	-14.2%