Daikin (JP:6367)
:6367
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Daikin
(6367)
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Rating:74Outperform
Price Target:
¥28,874.00
▲(35.46% Upside)
Action:Upgraded
Date:05/14/26
The score is driven primarily by solid financial fundamentals (growth and improving leverage) offset by margin compression and inconsistent cash conversion. Technically, the stock shows strong bullish momentum above key moving averages, while valuation is reasonable but not cheap with a modest dividend yield.
Positive Factors
Revenue Growth
Consistent top-line growth across 2022–2026 and a 2026 re-acceleration indicate durable demand for Daikin’s HVAC and project solutions. Persistent revenue expansion supports scale economics, ongoing R&D and capex, and reduces dependency on any single market over a 2–6 month horizon.
Negative Factors
Margin Compression
Gradual decline in operating and net margins suggests rising cost pressures or unfavorable product mix that erode profitability leverage. If sustained, margin compression will limit the conversion of revenue gains into shareholder returns and constrain funds available for reinvestment.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent top-line growth across 2022–2026 and a 2026 re-acceleration indicate durable demand for Daikin’s HVAC and project solutions. Persistent revenue expansion supports scale economics, ongoing R&D and capex, and reduces dependency on any single market over a 2–6 month horizon.
Read all positive factors
Daikin (6367) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥6.63T
Dividend Yield1.52%
Average Volume (3M)1.07M
Price to Earnings (P/E)25.3
Beta (1Y)0.93
Revenue Growth5.53%
EPS Growth3.94%
CountryJP
Employees98,162
SectorIndustrials
Sector Strength72
IndustryConstruction
Share Statistics
EPS (TTM)939.92
Shares Outstanding293,113,980
10 Day Avg. Volume1,075,890
30 Day Avg. Volume1,073,716
Financial Highlights & Ratios
PEG Ratio5.04
Price to Book (P/B)1.68
Price to Sales (P/S)1.09
P/FCF Ratio21.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥24,760.00Price Target Upside16.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)1,014.62
Revenue Forecast (FY)¥5.28T
Daikin Business Overview & Revenue Model
Company Description
Daikin Industries, Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products. The company's air-conditioning and refrigeration equipment products include room air-conditioning systems; air purifi...
How the Company Makes Money
Daikin primarily makes money by selling HVAC and refrigeration equipment and by supporting those products over their life cycle. The largest revenue stream comes from the sale of air conditioners and HVAC systems (e.g., residential split systems, ...
Daikin Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.02T | 4.75T | 4.40T | 3.98T | 3.11T |
| Gross Profit | 1.68T | 1.63T | 1.51T | 1.33T | 1.06T |
| EBITDA | 691.20B | 665.14B | 645.76B | 575.90B | 484.94B |
| Net Income | 275.23B | 264.76B | 260.31B | 257.75B | 217.71B |
Balance Sheet | |||||
| Total Assets | 5.81T | 5.13T | 4.88T | 4.30T | 3.82T |
| Cash, Cash Equivalents and Short-Term Investments | 933.48B | 802.66B | 737.96B | 617.66B | 817.62B |
| Total Debt | 1.09T | 986.90B | 968.18B | 887.68B | 824.81B |
| Total Liabilities | 2.49T | 2.27T | 2.19T | 2.02T | 1.82T |
| Stockholders Equity | 3.25T | 2.81T | 2.64T | 2.24T | 1.97T |
Cash Flow | |||||
| Free Cash Flow | 256.77B | 268.46B | 156.93B | -16.18B | 130.97B |
| Operating Cash Flow | 465.85B | 514.45B | 399.57B | 158.90B | 245.07B |
| Investing Cash Flow | -317.82B | -322.29B | -226.72B | -224.19B | -180.79B |
| Financing Cash Flow | -160.79B | -168.58B | -130.09B | -118.69B | -48.70B |
Daikin Technical Analysis
Positive
21315.00
Price Trends
21888.02
Positive
20584.27
Positive
19641.28
Positive
Market Momentum
348.59
Positive
54.33
Neutral
36.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6367, the sentiment is Positive. The current price of 21315 is below the 20-day moving average (MA) of 24044.00, below the 50-day MA of 21888.02, and above the 200-day MA of 19641.28, indicating a neutral trend. The MACD of 348.59 indicates Positive momentum. The RSI at 54.33 is Neutral, neither overbought nor oversold. The STOCH value of 36.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6367.
Daikin Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥6.63T | 25.26 | 9.46% | 1.52% | 5.53% | 3.94% | |
72 Outperform | ¥271.10B | 17.78 | 8.53% | 2.45% | 3.59% | 44.73% | |
69 Neutral | ¥628.04B | 16.11 | ― | 2.13% | 11.07% | 37.42% | |
67 Neutral | ¥1.16T | 33.90 | 0.85% | 2.36% | 1.79% | 239.72% | |
67 Neutral | ¥94.39B | 15.77 | 2.57% | 3.57% | -1.80% | 16.84% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | ¥481.43B | 60.37 | 1.44% | 4.80% | 0.40% | 306.91% |
* Industrials Sector Average
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Daikin Corporate Events
Daikin Faces U.S. Class Action Lawsuits Alleging HVAC Price-Fixing
May 14, 2026
Daikin Industries said it and several U.S. subsidiaries have been named as defendants, alongside many other companies, in four provisional class action lawsuits filed in the U.S. District Court for the Eastern District of Michigan. The suits, brou...
Daikin Sets Terms for Multi-Tranche Warrant Issuance in Accelerated Share Buyback
May 13, 2026
Daikin Industries has finalized the terms for its 25th to 30th issuances of share warrants via third-party allotment, tied to a fully committed share repurchase program structured as a Japanese accelerated share repurchase. The move follows the co...
Daikin Completes ¥350 Billion Share Buyback to Boost Capital Efficiency
May 13, 2026
Daikin Industries has completed a major share buyback via the Tokyo Stock Exchange’s off-auction share repurchase trading system (ToSTNeT-3), acquiring 14,516,700 common shares, equivalent to 4.96% of its outstanding stock excluding treasury...
Daikin Sets Terms for ¥350 Billion Off-Auction Share Buyback
May 12, 2026
Daikin Industries has finalized the method and terms for a major share buyback, confirming it will repurchase up to 14,516,700 of its common shares for about ¥350 billion through the Tokyo Stock Exchange’s off-auction ToSTNeT-3 system o...
Daikin Weighs Cutting Investment Unit to Boost Share Liquidity
May 12, 2026
Daikin Industries has signaled that it views enhancing the liquidity of its shares and improving access for individual investors as important management priorities. The company explicitly links these goals to expanding its shareholder base, reflec...
Daikin Lifts Year-End Dividend on Record Earnings
May 12, 2026
Daikin Industries’ board has approved a year-end dividend of ¥175 per share for the fiscal year ended March 31, 2026, up from the previously forecast ¥165 and higher than the prior-year ¥145. This raises the total dividend pay...
Daikin Revamps Executive Pay to Align with Fusion 30 Strategy and Shareholder Value
May 12, 2026
Daikin Industries will overhaul its executive officer compensation system to better align pay with the strategic objectives of its upcoming “Fusion 30” management plan and the sustainable enhancement of corporate value. The new framewo...
Daikin Launches ¥350 Billion Accelerated Share Buyback
May 12, 2026
Daikin Industries’ board has approved a large-scale share repurchase of up to ¥350 billion via the Tokyo Stock Exchange’s off-auction share repurchase trading system, ToSTNeT-3, scheduled for May 13, 2026. The company aims to enha...
Daikin lifts sales, profits and dividend as balance sheet strengthens
May 12, 2026
Daikin Industries reported consolidated net sales of ¥5.02 trillion for the year ended March 31, 2026, up 5.5% year on year, with operating profit rising 3.3% to ¥415.0 billion and profit attributable to owners of parent increasing 4.0% ...
Daikin Named in U.S. Antitrust Class-Action Over HVAC Pricing
Apr 10, 2026
Daikin Industries and three U.S. subsidiaries have been named as defendants, alongside numerous other companies, in a provisional class-action lawsuit filed in the U.S. District Court for the Eastern District of Michigan. The case, brought on beha...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.