Overview
Machinery

DAIKIN INDUSTRIES,LTD.

Daikin Industries is a global leader in air conditioning and refrigeration, offering a comprehensive product lineup spanning residential room air conditioners, heat pump water heaters, and air purifiers, to commercial package air conditioners, chillers, ventilation systems, and marine refrigeration units. Beyond HVAC, the company operates a fluorochemicals business producing refrigerants, fluoropolymers, fluoroelastomers, and semiconductor-grade etching agents, as well as a hydraulics business supplying industrial pumps, valves, and hydraulic systems, and an IT solutions business. Daikin differentiates itself through deep in-house refrigerant and compressor technology, a vertically integrated supply chain, and a dominant global distribution and service network spanning Asia, Europe, the Americas, and beyond.

Market Cap
¥5,897B
US$37.6B
EV
¥6,240B
US$39.8B
Stock¥21,185▼-0.28%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.5
x
LTM EV/EBIT
14.6
x
LTM PER
21.5
x
LTM PBR
2.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-5.7%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 5, 26Correction from profit-taking
2Aug 5, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
5,897BUS$37.6BMarket Cap1,418BUS$9.04B+ Debt926BUS$5.90B− Cash212BUS$1.35B− Inv. Sec.63.8BUS$407M+ NCI6,240BUS$39.8BEV
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Performance & Balance
Revenue 5Y (¥B)
3,109US$19.8B'22/33,982US$25.4B'23/34,395US$28.0B'24/34,752US$30.3B'25/35,015US$32.0B'26/3
EBITDA 5Y (¥B)
432US$2.75B'22/3520US$3.31B'23/3562US$3.58B'24/3599US$3.82B'25/3640US$4.08B'26/3
Net Income 5Y (¥B)
218US$1.39B'22/3258US$1.64B'23/3260US$1.66B'24/3265US$1.69B'25/3275US$1.76B'26/3
Capital Structure
68%
32%
EquityD/E 0.47xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1,018US$6.49B825US$5.26B'22/3787US$5.02B888US$5.66B'23/3910US$5.80B968US$6.17B'24/3963US$6.14B987US$6.29B'25/31,133US$7.22B1,095US$6.98B'26/3
Shareholders
Top 10 hold 43.4%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
18.43%
2
Custody Bank of Japan, Ltd. (Trust Account)
7.35%
3
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
3.77%
4
Elliott International, L.P. (Standing Proxy: Citibank, N.A., Tokyo Branch)
3.01%
5
The Chase Manhattan Bank, N.A. London SECS Lending Omnibus Account (Standing Proxy: Mizuho Bank, Ltd., Settlement Sales Department)
2.56%
6
Sumitomo Mitsui Banking Corporation
2.39%
7
STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)
1.92%
8
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.37%
9
MUFG Bank, Ltd.
1.30%
10
STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Mizuho Bank, Ltd.)
1.25%
Management
15 officers
Masanori SOGO
Representative Director, Chairman and CEO
Apr 1973 Joined the Company Jun 2000 General Manager, Secretary Office and General Affairs Department Jun 2002 Director Jun 2004 Director and Managing Executive Officer Jun 2007 Director and Senior Managing Executive Officer Jun 2011 Representative Director, President and COO Jun 2014 Representative Director, President and CEO Jun 2024 Representative Director, Chairman and CEO (current)
1949-01-11
Naofumi TAKENAKA
Representative Director, President and COO
Apr 1986 Joined the Company Jun 2012 Full-time Executive Officer Jun 2017 Managing Full-time Executive Officer Jun 2018 Managing Executive Officer Jun 2021 Senior Managing Executive Officer Jun 2024 Representative Director, President and COO (current)
1964-01-31
Meiji MAKINO
Director
Mar 1965 Joined Iwatani Corporation Jun 1988 Director, Iwatani Corporation Jun 1990 Managing Director, Iwatani Corporation Jun 1994 Senior Managing Director, Iwatani Corporation Jun 1998 Director and Executive Vice President, Iwatani Corporation Apr 2000 Representative Director and President, Iwatani Corporation Jun 2004 Representative Director, President and Executive Officer, Iwatani Corporation Jun 2012 Representative Director, Chairman, CEO and Executive Officer, Iwatani Corporation Jun 2016 Director, the Company (current) Apr 2019 Representative Director, Chairman and CEO, Iwatani Corporation Apr 2026 Representative Director, Chairman, Iwatani Corporation (current)
1941-09-14
Shingo TORII
Director
Jun 1983 Joined Suntory Ltd. (now Suntory Holdings Limited) Mar 1992 Director, Suntory Ltd. Mar 1999 Managing Director, Suntory Ltd. Mar 2001 Representative Director and Senior Managing Director, Suntory Ltd. Mar 2003 Representative Director and Executive Vice President, Suntory Ltd. Oct 2014 Representative Director and Vice Chairman, Suntory Holdings Limited (current) Jun 2020 Director, the Company (current)
1953-01-18
Yuko ARAI
Director
Apr 1979 Joined All Nippon Airways Co., Ltd. Apr 2014 Executive Officer, All Nippon Airways Co., Ltd. Apr 2016 Senior Executive Officer, All Nippon Airways Co., Ltd.; Director and Executive Vice President, ANA Sales Co., Ltd. (now ANA Akindo Co., Ltd.) Apr 2021 Director and Executive Vice President, ANA Akindo Co., Ltd. Jun 2021 Director, the Company (current) Apr 2022 Advisor, ANA Akindo Co., Ltd.
1961-01-27
Koichi TAKAHASHI
Director, CFO; in charge of Accounting, Finance and Budget, IR/SR, and Business Efficiency Promotion
Apr 1979 Joined the Company Jun 2006 Executive Officer Jun 2007 General Manager, Accounting and Finance Division (current) Jun 2010 Director and Executive Officer Jun 2014 Director and Managing Executive Officer Jun 2018 Managing Executive Officer Jun 2021 Senior Managing Executive Officer Jun 2024 Director and Vice President Executive Officer (current) Jun 2026 Director, Vice President Executive Officer and CFO
1956-05-24
Keiko MORI
Director; in charge of Human Resource Development and Promotion of Women's Advancement; General Manager, Secretary Office (Secretarial Division)
Apr 1997 Joined the Company Jul 2015 General Manager, Secretary Office (Secretarial Division) (current) Jun 2021 Executive Officer Jun 2024 Director and Executive Officer (current)
1974-09-09
Hironari UEMATSU
Full-time Audit & Supervisory Board Member
Feb 1982 Joined the Company Jun 2002 Director; General Manager, Global Strategy Division; Head of DT Alliance Promotion Office Jun 2004 Executive Officer Sep 2004 Chairman of the Board, Daikin U.S. Corporation Jun 2007 Managing Executive Officer; General Manager, New York Office; President and Director, Daikin Holdings (U.S.A.) Inc.; President and Director, Daikin U.S. Corporation Jun 2015 Audit & Supervisory Board Member (current)
1952-01-21
Hisao TAMORI
Full-time Audit & Supervisory Board Member
Aug 1989 Joined the Company Jul 2011 General Manager, Accounting Group, Accounting and Finance Division; President and Director, Daikin Accounting Solutions Co., Ltd. Jun 2016 Full-time Executive Officer Jun 2019 Audit & Supervisory Board Member (current)
1960-07-31
Tatsuo KAWADA
Director
Mar 1962 Joined Fukui Seiren Kako Co., Ltd. (now Seiren Co., Ltd.) Aug 1981 Director, Seiren Co., Ltd. Aug 1985 Managing Director, Seiren Co., Ltd. Aug 1987 Representative Director and President, Seiren Co., Ltd. Jun 2003 Representative Director, President and COO, Seiren Co., Ltd. Oct 2005 Representative Director, President, CEO and COO, Seiren Co., Ltd. Jun 2011 Representative Director, Chairman, President, CEO and COO, Seiren Co., Ltd. Jun 2014 Representative Director, Chairman and CEO, Seiren Co., Ltd. (current) Jun 2016 Director, the Company (current)
1940-01-27
Gerhard Korbinian WIESHOI
Director
1987 Joined Commerzbank 2001 Joined Bankhaus Metzler 2021 Executive Board Member, Bankhaus Metzler 2023 Head of Private Banking, Bankhaus Metzler Jul 2023 Representative Director and President, Bankhaus Metzler (current) Jun 2026 Director, the Company
1962-02-12
Kanwal Jeet JAWA
Director; Regional Head, Air Conditioning India and Africa, Global Strategy Division; President and CEO, Daikin Airconditioning India Pvt. Ltd.
May 2010 Vice President and COO, Daikin Airconditioning India Pvt. Ltd. Sep 2010 President and COO, Daikin Airconditioning India Pvt. Ltd. Jul 2017 President and CEO, Daikin Airconditioning India Pvt. Ltd. (current) Jun 2018 Director and Full-time Executive Officer, the Company; Regional Head, Air Conditioning India and East Africa, Global Strategy Division Jun 2019 Director and Managing Full-time Executive Officer, the Company Jun 2023 Director and Senior Full-time Executive Officer, the Company (current) Jun 2024 Regional Head, Air Conditioning India and Africa, Global Strategy Division (current)
1959-11-10
Kanako KITAMOTO
Audit & Supervisory Board Member
Apr 1988 Joined Sapporo Breweries Ltd. Oct 1993 Joined Ota Showa & Co. (now EY ShinNihon LLC) Apr 1997 Registered as Certified Public Accountant Jul 2009 Partner, EY ShinNihon LLC Sep 2018 Member, Committee on Electricity and Gas Market Surveillance, Ministry of Economy, Trade and Industry Jul 2019 Managing Director, EY ShinNihon LLC Jul 2023 Audit & Supervisory Board Member, the Company (current)
1965-04-15
Fumi TAKATSUKI
Audit & Supervisory Board Member
Oct 2000 Registered as Attorney-at-Law; joined Oike Sogo Law Office Dec 2003 Joined Anderson Mori & Tomotsune Feb 2004 Beijing Representative Office, Anderson Mori & Tomotsune Apr 2006 Joined Ohebashi LPC & Partners Jan 2009 Partner, Ohebashi LPC & Partners (current) Jun 2024 Audit & Supervisory Board Member, the Company (current)
1975-06-24
Jun UKAWA
Audit & Supervisory Board Member
Apr 1980 Joined The Ikeda Bank, Ltd. (now Ikeda Senshu Bank, Ltd.) Nov 2006 Executive Officer, Ikeda Senshu Bank, Ltd. May 2010 Executive Officer, Ikeda Senshu Bank, Ltd. Jun 2011 Director, Ikeda Senshu Bank, Ltd. Jun 2012 Director, Ikeda Senshu Holdings Co., Ltd. Jun 2014 Managing Director, Ikeda Senshu Bank, Ltd. Jun 2016 Director and Managing Executive Officer, Ikeda Senshu Bank, Ltd. Jun 2018 Representative Director, President and CEO, Ikeda Senshu Holdings Co., Ltd.; Representative Director, President and CEO, Ikeda Senshu Bank, Ltd. Jun 2025 Director and Chairman, Ikeda Senshu Holdings Co., Ltd. (current); Director and Chairman (Full-time Audit and Supervisory Committee Member), Ikeda Senshu Bank, Ltd. (current); Audit & Supervisory Board Member, the Company (current)
1956-07-19
Large Shareholding Reports
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2026-10-22
7.23%→7.18%
Nomura Asset Management Co., Ltd.
2026-07-06
7.51%→7.42%
Nomura Asset Management Co., Ltd.
2026-06-05
6.15%→7.51%
Nomura Asset Management Co., Ltd.
2026-05-21
7.17%→6.15%
Amova Asset Management Co., Ltd.
2026-05-21
3.47%→3.35%
Amova Asset Management Co., Ltd.
2025-09-19
3.60%→3.47%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-22
Large Shareholding Report
TDnet
2026-08-04
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-06
Large Shareholding Report
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-05-21
Large Shareholding Report
EDINET
2026-05-21
Large Shareholding Report
TDnet
2026-02-04
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-06
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-05
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-07
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-06
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-07
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-08
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-08
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-09
Quarterly Securities Report
EDINET
2022-08-03
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINETAmended
2022-03-01
Amended Annual Securities Report
EDINET
2022-02-08
Quarterly Securities Report
EDINET
2021-11-05
Quarterly Securities Report
EDINET
2021-08-04
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-06-07
中期経営計画
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