tiprankstipranks
Company Announcements

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

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

Discover the Best Stocks and Maximize Your Portfolio:

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

See more insights into 6367 stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1