Daikin Industries (6367) Q2 2026 earnings summary

Executive summary

• Record high profits achieved in the first half of FY2025, with both revenue and profits increasing in real terms excluding foreign exchange effects, despite a challenging global environment.

• Net sales for the six months ended September 30, 2025, were ¥2,478.8 billion, a 0.6% decrease year-over-year.

• Operating profit remained flat at ¥246.6 billion, while ordinary profit rose 7.9% to ¥241.9 billion year-over-year.

• Profit attributable to owners of parent increased 6.1% to ¥160.9 billion compared to the same period last year.

• Comprehensive income surged 165.9% to ¥228.1 billion, reflecting significant gains in other comprehensive income.

Financial highlights

• Gross profit for the period was ¥882.7 billion, up from ¥860.8 billion year-over-year.

• Gross margin improved to 35.6% from 34.5% year-over-year.

• Earnings per share rose to ¥549.61 from ¥518.00 in the prior year period.

• Total assets increased to ¥5,367.8 billion from ¥5,133.4 billion as of March 31, 2025.

• Net assets grew to ¥3,047.5 billion, with an equity ratio of 55.5%.

Outlook and guidance

• FY2025 full-year net sales forecast at ¥4,840.0 billion, up 2% year-over-year.

• Operating profit forecast at ¥435.0 billion, up 8% year-over-year.

• Profit attributable to owners of parent forecast at ¥280.0 billion, up 6% year-over-year.

• Earnings per share for the full year is forecast at ¥956.28.

• Dividend forecast for the year is ¥330.00 per share, unchanged from the previous year.