Daikin Industries,Ltd. ( (DKILF) ) has released its Q2 earnings. Here is a breakdown of the information Daikin Industries,Ltd. presented to its investors.
Daikin Industries, Ltd., a leading company in the air conditioning sector, specializes in the manufacturing and sales of air conditioning equipment, chemicals, and other products worldwide. The company is recognized for its innovative technologies and commitment to sustainability in its operations.
In its latest earnings report for the six months ended September 30, 2024, Daikin Industries reported a 12% increase in net sales, reaching ¥2,493,064 million compared to the same period last year. Despite the rise in sales, the profit attributable to owners of the parent company slightly decreased by 0.9% to ¥151,657 million.
Key highlights from Daikin’s financial performance include an operating profit of ¥246,594 million, marking a 4.6% increase, and an ordinary profit of ¥224,168 million, reflecting a 1.4% growth. Comprehensive income, however, saw a significant drop of 75.2%, primarily due to foreign currency translation adjustments. On the strategic front, Daikin announced a commemorative dividend for its 100th anniversary, illustrating its strong shareholder return policy.
Looking ahead, Daikin Industries has set its consolidated business forecast for the fiscal year ending March 31, 2025, with an expected 8.5% increase in net sales to ¥4,770,000 million and a 2.6% rise in profit attributable to owners of the parent company. With an optimistic yet cautious outlook, Daikin aims to continue its focus on expanding its global footprint while navigating economic uncertainties.
