FY2022 Results and FY2023 Forecast

II. Business Forecast for FY2023 Companywide Business Forecast On a real basis that excludes the foreign exchange effect, we will aim to substantially increase revenue and profits and achieve new record highs in financial results. In addition to growing uncertainty in the management environment, such as stagnant consumption from high global inflation and rising concerns about a recession in the United States, we anticipate a negative impact from increased costs (rising parts procurement costs, rising labor costs, etc.). Daikin will further refine its strengths cultivated until now that include solid sales network, product development that meets local needs, and a robust supply chain. Together with expanding business by capitalizing on changes in the management environment, such as carbon neutrality and rapid economic growth in India, we will strengthen profitability through strategic selling price measures and drastic total cost reductions. To achieve the Fusion 25 Latter-Half 3-Year Plan, we will accelerate growth investments, such as for new factories and expanding capacity. FY2022 Results (billion yen) H1 Net sales 2,019.8 H2 1,961.8 Total 3,981.6 Y/Y Operating Profit 221.7 155.4 (Percentage of Profit to net sales) (11.0%) (7.9%) Ordinary Profit 222.7 143.6 FY2023 Forecast H1 H2 Y/Y 2,090.0 103% 2,010.0 377.0 227.0 102% (9.5%) (10.9%) 366.2 218.0 Total Y/Y 102% 4,100.0 103% 173.0 111% 400.0 106% (8.6%) (9.8%) 98% 162.0 113% 380.0 104% (Percentage of Profit to net sales) (11.0%) (7.3%) (9.2%) (10.4%) (8.1%) (9.3%) Profit Attributable to 156.4 101.4 257.8 150.0 96% 114.0 112% 264.0 102% Owners of Parent (Percentage of Profit to net sales) (7.7%) (5.2%) (6.5%) (7.2%) (5.7%) (6.4%) USD/JPY ¥134 ¥137 ¥135 ¥126 EUR/JPY ¥139 ¥143 ¥141 ¥133 RMB/JPY ¥19.9 ¥19.6 ¥19.8 ¥19.0 FX Effect (Y/Y) Sales -210 billion yen Operating Profit -30 billion yen Y/Y Comparison Excluding FX Effect Sales Operating Profit 108% 114% 8

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