Daikin Reports 2024 Nine-Month Financial Results with Increased Sales but Lower Profits

The latest update is out from Daikin ( (JP:6367) ).

Daikin Industries reported consolidated business results for the nine months ending December 31, 2024, with net sales increasing by 10.1% year-over-year to ¥3,593,224 million. Despite the rise in sales, the profit attributable to owners fell by 3.7% to ¥186,712 million, reflecting a challenging market environment. Daikin’s financial position showed an increase in total assets to ¥5,306,961 million. The company has revised its dividend forecast for the fiscal year ending March 31, 2025, intending to pay a total dividend of ¥320.00 per share, including a commemorative dividend for its 100th anniversary. The company has also included eight new companies in its consolidated scope and excluded four.

More about Daikin

Daikin Industries, Ltd. operates in the industrial sector, focusing on manufacturing air conditioning and refrigeration equipment. It is listed on the Tokyo Stock Exchange and is led by President and COO Naofumi Takenaka.

YTD Price Performance: -0.29%

Average Trading Volume: 3,766

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $33.94B

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