DaikinDAIKIN INDUSTRIES, LTD.6367東証プライム機械FY ending Mar 2026, consolidated, J-GAAP

Daikin FY ending Mar 2026 results

About 92% of Daikin's sales come from Air-conditioning and refrigeration equipment, with Chemicals and Other making up much of the rest.

Out of every ¥100 of sales, about ¥8 is left as operating profit.

Revenue changed +5.5% from the prior year, operating profit +3.3%.

Revenue and profit pattern

Revenue and profit upRevenue grew faster

Revenue +5.5% · profit +3.3%, calculated from disclosed figures.

Operating leverage: 0.60× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+5.5%¥4.75T → ¥5.02T
Gross profit
+6.5%¥1.63T → ¥1.73T
Operating income
+3.3%¥401.7B → ¥415B
Net income attributable to owners
+4.0%¥264.8B → ¥275.2B
Operating cash flow
-9.4%¥514.5B → ¥465.8B
Free cash flow
-4.4%¥268.5B → ¥256.8B

Results at a glance

  • Revenue for FY ending Mar 2026 was ¥5.02T, up +5.5% from ¥4.75T.
  • Operating income rose to ¥415B (+3.3%) and net income attributable to owners to ¥275.2B (+4.0%), so profit grew more slowly than sales.
  • Operating cash flow dropped to ¥465.8B (-9.4%) and free cash flow to ¥256.8B (-4.4%).

What drove the change

  • Home air conditioner demand was weak in the Americas, China and Asia, but sales grew in applied systems such as data center cooling and in commercial units
  • SG&A rose, mainly because of higher personnel costs, which held back profit growth
  • In chemicals, the slow recovery in semiconductor demand cut segment profit sharply
  • Operating cash flow fell mainly because trade receivables increased

Things to watch

  • Tariffs and other policy changes, an economic slowdown or unusual weather could weaken markets
  • A high share of overseas sales means currency swings affect yen-based revenue and costs
  • Tighter rules on refrigerant gases and energy efficiency could raise compliance costs

Annual Securities Report (123rd term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (123rd term) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Daikin sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥66
SG&A
¥26
Operating profit
¥8
Net profit kept
¥5

Annual margin trends

Gross margin34.5%
FY ending Mar 2021: 34.7%34.7%FY ending Mar 2022: 34.0%34.0%FY ending Mar 2023: 33.4%33.4%FY ending Mar 2024: 34.3%34.3%FY ending Mar 2025: 34.2%34.2%FY ending Mar 2026: 34.5%34.5%FY21FY22FY23FY24FY25FY26
Operating margin8.3%
FY ending Mar 2021: 9.6%9.6%FY ending Mar 2022: 10.2%10.2%FY ending Mar 2023: 9.5%9.5%FY ending Mar 2024: 8.9%8.9%FY ending Mar 2025: 8.5%8.5%FY ending Mar 2026: 8.3%8.3%FY21FY22FY23FY24FY25FY26
Net margin5.5%
FY ending Mar 2021: 6.3%6.3%FY ending Mar 2022: 7.0%7.0%FY ending Mar 2023: 6.5%6.5%FY ending Mar 2024: 5.9%5.9%FY ending Mar 2025: 5.6%5.6%FY ending Mar 2026: 5.5%5.5%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第123期(2025/04/01-2026/03/31)

    ID S100YFQL2026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第122期(2024/04/01-2025/03/31)

    ID S100W3XO2025-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第121期(2023/04/01-2024/03/31)

    ID S100TS9K2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第120期(2022/04/01-2023/03/31)

    ID S100R5QK2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第119期(令和3年4月1日-令和4年3月31日)

    ID S100OG1V2022-06-29Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第118期(令和2年4月1日-令和3年3月31日)

    ID S100NLB42022-03-01Open

Extracted from XBRL: 55 / Derived from other figures: 2

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