What’s Daikin

May 2023

Copyright (C) 2021 DAIKIN INDUSTRIES, LTD.,

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Company Data
About Daikin
Daikin Industries, Ltd. is the world’s only producer of both air conditioner and refrigerants. Established in Osaka, Japan in 1924. Daikin developed Japan’s first
air conditioner in 1951. Over the years, it has developed products, systems and solution services focused on energy savings and cost efficiency to help advance
the health and comfort of people and space. Today, Daikin has over 100 production bases worldwide and supplies customers in some 170 countries. Daikin is
growing its global market through both strategic partnerships and acquisitions, placing a high priority on developing precise solutions for local customers.

Fast Facts (as of March, 2023) At-A-Glance

Founded in 1924 ¥3 trillion 96,000+

99 Years of History Overall Sales Employees

Overseas business ratio 110+ Production Bases Business

at 83% Development in
In the World 170+ Countries

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Overseas Businesses
Business overview AC Business Sales Trends by Region
Other Air Conditioning
Other
Chemicals 111
2.0% 7.0％ Japan
553
Chemicals America
6.8％ 1,335 Europe
Consolidated sales for Residential Commercial After Sales Service
FY2022 AC 657
\3,981.6B 91.0％
AC
China
91.0％ Chemicals
Asia/Oceania 430
543

Growth of overseas business

Refrigerant Semiconductor Automotive Applications
Net Sales Operating Profit Applications
（billion yen） （billion yen）

Sales ● Profit
Covid-19 4100.0
5,000 500
4,500 Acquisition of U.S.
Pandemic 3981.6400.0 450 Other Businesses
residential AC 377.0
4,000 manufacturer Goodman 3109.1 400
3,500 Global Inc. 316.4 350
2493.0
3,000 239.0 300
2,500 250
2,000 200
1,500 150
1,000 100 Oil Hydraulic Oxygen
500 Increased revenue for 10 years in a row from FY2010 50 Equipment Concentrators
0 0
'12 '13 '14 '15 '16 '17 '18 '19 '20 21 22 23 （Fiscal Year） 3
Key Products

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Major Daikin Achievements
Founded as Osaka Kinzoku Kogyo-sho in 1924, Daikin began the manufacture of radiator tubes for cooling airplane engines
and was the first Japanese company to develop a fluorocarbon refrigerant and commercial air conditioners. Further business
expansion led Daikin to becoming a comprehensive AC manufacturer. Global development was accelerated from 2000 to
expand business scale.
2006年
1935年 Japan’s first 1951年 Japan’s first
1982年 Japan’s first Sales launch of “Daikin Altherma,” an air-
Development of Development of a Sales launch of a multi-split type AC
to-water heat pump for space heating and
Fluorocarbon gas packaged AC domestic hot water
for buildings
1999年 World’s first
1938年 Japan’s first Sales launch of “Ururu Sarara,” a 2012年 World’s first

Development of "Mifujirator" residential AC that humidifies without Sales launch of residential AC “Urusara 7,”
refrigeration equipment an external water source which adopted “R32”

1924 1935 1950 1970 1980 1990 1995 2000 2005 2010 2015 2020 2024

1972年 1995年 2015年 2017年

Establishment of Daikin Establishment in Shanghai Establishment of Technology Establishment of Daikin Texas
Europe N.V of the first production base and Innovation Center in Japan Technology Park, one of Daikin’s largest
Business & products in China production / R&D bases, in U.S.
New Bases 1990年 2009年 2016年
Establishment of Daikin Establishment of Acquisition of U.S. 2024年
Alliances and M&A filter manufacturer
Industries (Thailand) Ltd., production base in India 100th
Flanders
a production base in Asia Anniversary

2007年 2008年 2012年 2019年

Acquisition of U.S. Acquisition of
Acquisition of major Forming of alliance with European commercial
global air conditioning Zhuhai Gree, a leading AC residential unitary refrigeration manufacturer AHT
manufacturer O.Y.L. manufacturer in China company Goodman
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Main Global Production Bases for Air Conditioning－Localization－
Production bases have been established worldwide at
more than 87 locations* in 27 countries for localized production
*including bases for filters and refrigeration
Europe U.S.
Daikin Europe N.V. (Belgium: 1972) Daikin Applied Americas INC.
- Commercial ACs, Heating products (Staunton, VA; acquired in 2007)
- Large Screw Chillers, Centrifugal Chillers
Daikin Industries Czech Republic (2003)
- Residential ACs Daikin Comfort Technologies North America, Inc.
(Houston, TX; acquired in 2012)
Daikin Applied Europe S.p.A. (Italy, acquired in2008)
- Screw and Centrifugal Chillers Japan - Residential Unitary Systems, Gas Furnaces,
Commercial ACs
Daikin Turkey (2011) Shiga Plant (Kusatsu, Shiga: 1970)
- Residential ACs, Heaters - Residential ACs
Sakai Plant (Sakai, Osaka: 1937)
● - Commercial ACs
●
●
●
●
●
●●
● ●● ●●
India ●●
China
Daikin Airconditioning India (2009) ●
- Residential and Commercial ACs ● Daikin Air-Conditioning (Shanghai) (1995)
- Commercial ACs, Heat Exchangers, Air Cooled Chillers
● Daikin Air-conditioning (Suzhou) (2011)
- Residential and Commercial ACs
●
Asia McQuay (Wuhan; acquired in 2007)
- Water Cooled Chillers, Centrifugal Chillers
Daikin Industries (Thailand) (1990) McQuay(Shenzhen; acquired in 2007)
- Residential and Commercial ACs - Air Cooled Chillers, Fan Coil Units
Daikin Malaysia Sdn. Bhd. (Acquired in 2007)
- Residential ACs, Commercial ACs South America
Daikin Air Conditioning Vietnam (2018) Daikin Ar Condicionado Amazonas Ltda (2012)
- Residential ACs - Residential and Commercial ACs
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 Major Global AC Manufacturers
Chinese companies Asian companies Japanese companies U.S. companies

Production outsourcing（2008),
With overwhelming RA production capacity
Joint production of key components
and molds (2009) Joint venture (1999)
Gree Carrier
OYL acquisition
Global general consumer-electronics maker （2007）
Joint venture (2013)
Midea Panasonic
OYL Jonson Controls
（Malaysia）
Major general consumer-electronics maker
Joint venture (2018)
Haier Mitsubishi Electric
LG
Fujitsu General Trane Technologies
Hisense
SAMSUNG
MHI Daikin Applied
Americas
Hitachi （formerly
McQUAY）
Joint venture
Daikin Comfort
Toshiba Technologies
Toshiba→Midea Goodman acquisition (2012) America
Sale of white goods business (2016)

Lennox
Acquisition
Alliance
Rheem
Business alliance
《Scale of Global HVAC&R Market》 (2016)
Nortek
Global market of 34 trillion yen (2020) ⇒ 43 trillion yen(2025 forecast)

※Daikin survey as of March 2019 7

Challenge to achieve carbon neutrality
• Air conditioner have become vital to people's loves around the world, and yet they
emit large amounts of CO2 through energy consumption during use and form the Environmental Vision 2050
impacts of refrigerants. The International Energy Agency (IEA) predicted in 2018 that
“demand for air conditioners will triple in the future.”
• In 2018, Daikin established Environmental Vision 2050, a plan that lays the
groundwork for the company to reach net zero greenhouse gas emissions by 2050.
One of the growth strategy themes in the strategic management plan "FUSION25" is
the "challenge to become carbon neutral.
• The company aims to both contribute to the global environment and expand its
business by promoting environmental products utilizing its core technologies, such as
energy-efficient inverter air conditioners and heat pump heating/water heaters,
developing refrigerants with low global warming potential, providing energy-saving
solutions, and recovering and recycling refrigerants.

Three Core Technologies