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DAIKIN INDUSTRIES, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 2%, Raises Record High Profit Forecast

Wed Nov 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 November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 7.9% from the same period last year, reaching 241 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 2.5%, from the previous forecast of 405 billion yen to 415 billion yen (compared to 366 billion yen in the previous period), increasing the growth rate from 10.5% to 13.2%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 21.7% from the same period last year, reaching 173 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 3.4% from the same period last year, reaching 122 billion yen. However, the operating profit margin decreased from 10.6% in the same period last year to 9.9%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 2,225,154 235,746 221,073 153,004 522.7 62.4 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 2,493,064 246,594 224,168 151,657 518.0 61.2 Nov 6, 2024 J-GAAP
Apr - Sep, 2025 2,478,798 246,602 241,887 160,933 549.6 58.3 Nov 5, 2025 J-GAAP
YoY -0.6% +0.0% +7.9% +6.1% +6.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 2,470,000 247,000 231,000 152,000 519.1 165 May 8, 2025 J-GAAP
Apr - Sep, 2025 Results 2,478,798 246,602 241,887 160,933 549.6 165 Nov 5, 2025 J-GAAP
Revision Rate +0.4% -0.2% +4.7% +5.9% +5.9%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 4,840,000 435,000 405,000 272,000 928.9 330 May 8, 2025 J-GAAP
Mar, 2026 New 4,840,000 435,000 415,000 280,000 956.2 330 Nov 5, 2025 J-GAAP
Revision Rate 0.0% 0.0% +2.5% +2.9% +2.9%

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 2,361,202 188,398 173,113 119,067 406.6 165 Nov 5, 2025 J-GAAP
YoY +4.5% +21.5% +21.7% +5.3% +5.3%

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 4,840,000 435,000 415,000 280,000 956.2 330 Nov 5, 2025 J-GAAP
YoY +1.8% +8.3% +13.2% +5.8% +5.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
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
YoY +1.8% -4.5% +3.4% -10.3% -10.3%

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