TYO:6367

Market Chatter: Daikin Industries to Invest 10 Billion Yen in New Mexico Factory for Data Center Cooling

Daikin Industries (TYO:6367) plans to invest 10 billion yen to build a factory in Tijuana, Mexico, dedicated to manufacturing data center cooling systems, Nikkei Asia reported Wednesday, citing Executive Officer Masaaki Miyatake.The facility aims to support growing demand across North America driven by AI infrastructure expansion.Daikin targets data center cooling revenue exceeding 800 billion yen by fiscal 2030, with plans to expand its presence in regional markets including Europe and India, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Japan Earnings Wrap: Ibiden, Nippon Steel Rise; Daikin Falls

Japanese stocks reporting earnings traded mixed on Wednesday, with gains led by electronics and steel-making companies while air-conditioning manufacturers declined.Ibiden (TYO:4062) shares soared 25% after posting a 41% year-over-year growth in attributable profit for the fiscal first quarter to 17.9 billion yen.Basic EPS was 64.14 yen, while net sales rose 26% to 123.2 billion yen for the three months ended June 30.In a separate filing, the electronics company raised its full-year attributable profit forecast to 84.0 billion yen from 58.0 billion yen, basic EPS to 149.68 yen from 103.85 yen and net sales to 550.0 billion yen from 500.0 billion yen.Nippon Steel (TYO:5401) shares gained over 3% after it returned to profitability in the fiscal first quarter. The steel maker posted an attributable profit of 75.3 billion yen for the three months ended June 30.Earnings per share were 12.73 yen, while revenue jumped 40% year on year to 2.821 trillion.For the fiscal first half ending Sept. 30, the company now expects an attributable profit of 120 billion yen, basic EPS of 23 yen and revenue of 5.600 trillion yen, compared with its previous forecast of an attributable profit of 90 billion yen, basic EPS of 17 yen and revenue of 5.400 trillion yen previously.Daikin Industries' (TYO:6367) shares fell 8% after its earnings came in lower in the fiscal first quarter. Attributable profit slipped 1.7% to 80.1 billion yen in the three months ended June 30.Earnings per share in the three months ended June 30 edged up to 280.37 yen while net sales in fiscal Q1 increased 17.5% to 1.426 trillion yen.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

Daikin Industries' Profit Slips 2% in Fiscal Q1

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 bourseEarnings 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.

Itochu, Daikin Form Recycling Alliance for Commercial Air Conditioners

Itochu (TYO:8001) and Daikin (TYO:6367) have signed a comprehensive alliance under Japan's Resource Circulation Act to establish integrated recycling systems for commercial air conditioners, according to a joint statement on Thursday.The partnership aims to expand horizontal recycling of metals, plastics, electronics, and fluorocarbons while building a sustainable supply chain via combined recycling expertise and product technology.Itochu oversees certification, logistics, traceability, and KPIs, while Daikin handles material design, quality assurance, procurement, and product development.The initiative will start domestically with phased nationwide expansion, including legal certifications and individual contracts for specific models and quality standards.

Market Chatter: Itochu, Daikin Industries to Launch JV to Recover Aluminum from Commercial ACs

Itochu (TYO:8001) partnered with Daikin Industries (TYO:6367) to launch a new joint venture by year-end to recover aluminum and other critical metals from used commercial air conditioners, Nikkei reported Wednesday.Itochu via Itochu Metals will procure used Daikin commercial air conditioners and dismantle them to recover aluminum and other metals, using specialized scrap processors.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Daikin Industries Sets Up India R&D Subsidiary to Target Global South Growth

Daikin Industries (TYO:6367) has approved the establishment of a wholly owned R&D subsidiary in Haryana, India, with 8 billion rupees in capital, to strengthen product development for large-scale HVAC systems across Asia, Oceania, and Africa.The new entity, Daikin Research and Development India, will oversee construction of an R&D center scheduled for completion by June 2028, according to a statement on Friday.The subsidiary is expected to be established in July, with the R&D hub serving as a core base for tailoring solutions to local regulations and climatic needs.

Daikin Industries Establishes Indian R&D Hub to Target Global South HVAC Demand

Daikin (TYO:6367) will set up a wholly owned India R&D unit, Daikin Research and Development India Private, with 13.6 billion yen capital to serve as a Global South development hub, according to a Tokyo bourse filing on Friday.The new entity, set to begin operations in July 2026, will oversee the construction of an R&D center in Haryana, scheduled for completion by June 2028, focusing on large-scale HVAC systems for data centers, factories, and commercial facilities.The move aims to leverage India's deep engineering and IT talent pool to strengthen product development capabilities tailored to local market needs and regulations across Asia, Oceania, and Africa.

Market Chatter: Japan Share Buybacks Hit Record 16.2 Trillion Yen in Early 2026

Japanese listed companies launched 16.2 trillion yen in buybacks in the January-May period, up 34% year over year and a record for the period, driven by cross-shareholding unwinding and capital reforms, Nikkei Asia reported Monday, citing its own analysis.Although the number of companies initiating programs fell 14% to about 620, large-scale repurchases inflated the total value, which reached 16.4 trillion yen as of Friday, the news daily said.Major players like Sony Group (TYO:6758) and Hitachi (TYO:6501) each unveiled 500 billion yen buybacks amid record profit projections, while Daikin Industries (TYO:6367) repurchased 350 billion yen, the publication said.KDDI (TYO:9433) also executed a 300 billion yen buyback, with 250 billion yen through a tender offer to acquire shares from Toyota (TYO:9433) and Kyocera (TYO:6971), who sought to offload their cross-holdings, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Daikin Industries' Attributable Profit Rises in Fiscal Year 2025

Daikin Industries' (TYO:6367) profit attributable to owners of the parent increased to 275.23 billion yen for fiscal year 2025 from 264.76 billion yen a year earlier.The air conditioner manufacturer's earnings per share increased to 939.14 yen from 903.65 yen a year ago, according to a Tokyo bourse filing on Tuesday.Net sales jumped 5.5% to 5.015 trillion yen for the year ended March 31 from 4.752 trillion yen in the prior year.Daikin also declared a year-end dividend of 175 yen per share, payable from June 29, compared with 145 yen a year ago.For the fiscal year 2026, the company expects attributable profit of 278 billion yen, EPS of 949.32 yen, and net sales of 5.150 trillion yen. It also plans to pay per-share interim and year-end dividends of 180 yen each.

Jefferies Adjusts Daikin Industries' Price Target to 27,700 Yen From 23,700 Yen, Keeps at Buy

Japan Shares Rise as Policymakers Flag Stability amid Global Uncertainty

Japanese shares closed higher on Thursday, supported by policy reassurance after Finance Minister Satsuki Katayama said she flagged currency volatility and broader market swings to G7 counterparts.The Nikkei 225 rose 2.4%, or 1,384.10 points, to close at 59,518.34.Central banks are largely adopting a wait-and-see stance on policy amid uncertainty over the Middle East conflict and the impact of rate moves on growth, Finance Minister Satsuki Katayama said after a G7 meeting.Bank of Japan Governor Kazuo Ueda also attended, though Katayama did not comment on implications for rate decisions.On the corporate front, SoftBank Group (TYO:9984) jumped 5% after pricing about 516.8 billion yen in dollar and euro senior notes to refinance debt and fund OpenAI-related investments.Toridoll (TYO:3397) fell 1% after saying it will restructure its UK unit via a company voluntary arrangement to cut costs and improve profitability.Daikin Industries (TYO:6367) surged 9% after Elliott flagged undervaluation and pushed for margin gains, higher returns and a review of non-core assets.

Activist Investor Urges Daikin to Lift Margins, Boost Shareholder Returns

Elliott Investment Management and Elliott Advisors (UK) said Daikin Industries (TYO:6367) is undervalued and urged the Japanese firm to improve performance in its upcoming midterm plan, according to a Thursday statement.The activist investor called for measures to expand margins, enhance shareholder returns and review non-core businesses.Elliott said it aims to work with the company to deliver a credible plan that narrows performance and valuation gaps with peers.