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DAIKIN INDUSTRIES, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 4%

Wed Feb 4, 2026 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 4th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 4.5% from the same period last year, reaching 305 billion yen.

However, the full-year forecast for consolidated ordinary profit has decreased 4.1%, from the previous forecast of 415 billion yen to 398 billion yen (compared to 366 billion yen in the previous period), leading to a reduction in the profit growth rate from 13.2% to 8.6%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has decreased 9.8%, from the previous forecast of 173 billion yen to 156 billion yen (compared to 142 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 21.7% to 9.7%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 63.7 billion yen, a 6.6% decrease compared to the same period last year. The operating profit margin worsened from 6.6% in the same period last year to 5.2%.

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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, 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 79.8 Feb 5, 2025 J-GAAP
Apr - Dec, 2025 3,666,329 307,910 305,667 195,373 667.2 76.8 Feb 4, 2026 J-GAAP
YoY +2.0% -3.4% +4.5% +4.6% +4.6%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 2,361,202 188,398 173,113 119,067 406.6 165 Nov 5, 2025 J-GAAP
Oct - Mar, 2025 New 2,441,202 166,398 156,113 107,067 365.6 165 Feb 4, 2026 J-GAAP
Revision Rate +3.4% -11.7% -9.8% -10.1% -10.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 4,840,000 435,000 415,000 280,000 956.2 330 Nov 5, 2025 J-GAAP
Mar, 2026 New 4,920,000 413,000 398,000 268,000 915.2 330 Feb 4, 2026 J-GAAP
Revision Rate +1.7% -5.1% -4.1% -4.3% -4.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 2,259,271 155,075 142,278 113,100 386.3 145 May 8, 2025 J-GAAP
Oct - Mar, 2025 Guidance 2,441,202 166,398 156,113 107,067 365.6 165 Feb 4, 2026 J-GAAP
YoY +8.1% +7.3% +9.7% -5.3% -5.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 4,395,317 392,137 354,492 260,311 889.2 250 May 9, 2024 J-GAAP
Mar, 2025 4,752,335 401,669 366,446 264,757 904.3 330 May 8, 2025 J-GAAP
Mar, 2026 Guidance 4,920,000 413,000 398,000 268,000 915.2 330 Feb 4, 2026 J-GAAP
YoY +3.5% +2.8% +8.6% +1.2% +1.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 1,100,160 72,146 68,315 35,055 119.7 6.6 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 1,159,111 82,929 73,963 78,045 266.6 7.2 May 8, 2025 J-GAAP
Apr - Jun, 2025 1,213,821 121,300 118,905 81,526 278.4 10.0 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 1,264,977 125,302 122,982 79,407 271.2 9.9 Nov 5, 2025 J-GAAP
Oct - Dec, 2025 1,187,531 61,308 63,780 34,440 117.6 5.2 Feb 4, 2026 J-GAAP
YoY +7.9% -15.0% -6.6% -1.8% -1.8%

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