EarningsQ1 2026 Earnings Report
MX:6367N Q1 2026 EPS Results
Actual EPS$31.90
Consensus EPS$33.49
Beat/MissMissed by -$1.58
One Year Ago EPS$31.66
MX:6367N Q1 2026 Revenue Results
Actual Revenue$162.23B
Expected Revenue$153.42B
Beat/MissBeat by +$8.81B
YoY Revenue Growth+17.55%
Earnings Announcement Details
QuarterQ1 2026
Date08/04/2026
TimeBefore Open
Conference CallTuesday, August 4, 2026
MX:6367N Upcoming Earnings
Daikin's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q1 2026 Earnings Call Audio
MX:6367N Q1 2026 Earnings Call
0:00 / 0:00
Q1 2026 Earnings Slide Deck
Q1 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a mixed picture: management reported strong profitability progress in Q1 — including a 10% operating margin, absorbed near-term tariff effects (JPY 7.5 billion) and regionally strong performances (DNA sales +13% local currency, DNA margin +2pp) — while acknowledging persistent demand weakness in key end markets (US housing, China real estate), significant declines in the chemicals business, inventory and tariff uncertainties, and Q1 sales slightly below plan. Management emphasized a clear shift to profit-oriented management, pricing discipline, and continued investment to drive recovery.Company Guidance
Operating Profit Margin Improvement to 10% in Q1
Company achieved an operating profit margin of 10% in Q1, exceeding its internal plan and described as record profit levels. Management expects to further exceed the annual operating profit plan (JPY 435 billion) if progress continues.
Tariff Impact Absorbed in Q1
The direct negative impact of US tariff measures in Q1 was approximately JPY 7.5 billion on an operating profit basis and was fully absorbed through selling price increases (~JPY 5.0 billion) and cost reductions (~JPY 2.5 billion). Management now expects full-year tariff impact to be less than the previously announced JPY 47 billion, though uncertainty remains.
Solid Regional / DNA Performance
Air conditioning sales in real terms (ex-FX) were: Europe 102% YoY, Americas 104% YoY, China 93% YoY, Asia 90% YoY. Daikin Comfort Technologies North America (DNA) sales were 113% of prior year on a local currency basis, with DNA operating margin at 11% (up 2 percentage points YoY).
Growth in Select Chemicals & Heat Pump Segments
Chemicals sales in the Americas expanded (real YoY 115%) and sales of coating materials for LAN/data-center cables grew. Heat pump hot-water heating sales in Europe were 110% of the prior year, indicating market share gains in a weak recovery.
Improved Profit Focus and Pricing Execution
Management shifted to profit-oriented budget management: implemented strategic selling price measures (e.g., R32 price increases ~5% in April and ~5% in May leading to ~7 percentage points effective selling-price contribution in DNA) and promoted higher sales mix of high value-added products and cost reductions. Q1 gross profit exceeded internal plan despite slightly lower sales.
CapEx, R&D and Investment Plans Intact
Company continues planned investments in production capacity, R&D and digital initiatives; no changes to annual capital expenditure, depreciation or R&D plans were announced.
MX:6367N Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed