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

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%.

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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%

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