# Daikin vs Panasonic

> Unit: JPY millions (ratios in %)
> Periods: Daikin = FY ending Mar 2026, consolidated, J-GAAP / Panasonic = FY ending Mar 2026, consolidated, IFRS
> Retrieved: 2026-09-30T20:30:26.236Z

| Metric | Daikin | Panasonic |
| --- | ---: | ---: |
| Revenue | 5,015,036 | 8,048,722 |
| Operating income | 414,991 | 236,407 |
| Net income | 275,229 | 189,540 |
| COGS ratio | 65.5% | 68.6% |
| Operating margin | 8.3% | 2.9% |
| Net margin | 5.5% | 2.4% |
| FCF margin | 5.1% | -0.9% |
| Period | FY ending Mar 2026 | FY ending Mar 2026 |
| Source | S100YFQL | S100YETA |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Daikin | Panasonic |
| --- | ---: | ---: |
| Revenue growth | 86.4 (11 peers) | 31.8 (11 peers) |
| Profitability | 31.8 (11 peers) | 46.4 (14 peers) |
| Cash conversion | 77.3 (11 peers) | 86.4 (11 peers) |
| Efficiency | 86.4 (11 peers) | 17.9 (14 peers) |
| Financial strength | — | — |

## Company details

- https://vizora.meequs.com/en/company/daikin-industries/md
- https://vizora.meequs.com/en/company/panasonic-holdings/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).