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FINWIRES

Daikin Industries' Profit Slips 2% in Fiscal Q1

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Daikin Industries' (TYO:6367) attributable profit slipped 1.7% to 80.1 billion yen in the fiscal first quarter from 81.5 billion yen a year ago, according to a Tuesday filing to the Tokyo bourse

Earnings per share in the three months ended June 30 edged up to 280.37 yen from 278.25 yen, the consumer durables manufacturer said.

Net sales in fiscal Q1 increased 17.5% to 1.426 trillion yen from 1.213 trillion yen a year ago.

For the year ending March 31, 2027, the air conditioning manufacturer expects attributable profit of 278 billion yen, EPS of 949.32 yen and revenue of 5.150 trillion yen.

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