TYO:6367

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.