FY2022 Results and FY2023 Forecast
AC Business - Asia and Oceania
FY2022 Results
Steady sales returned to Commercial Air Conditioning with the easing of restrictions on movement from
COVID-19. In India, sales greatly expanded in tandem with economic growth. Sales for the region overall
exceeded the previous fiscal year and were partially boosted by selling price measures in each country.
✓ In the Residential market, sales declined in countries including Thailand, Vietnam, and Indonesia from
stagnant consumption due to higher inflation and unseasonable weather. In India, we worked to
strengthen relationships with dealers, and sales expanded.
✓ In the Commercial market, as delays and postponements improved for construction starts, we ensured
that the strong demand led to received orders through meticulous support for dealers, resulting in a
significant sales expansion.
✓ In the Applied market, in addition to expanding equipment sales, we focused on the After Sales Service
business including maintenance and servicing.
Year-on-year sales of main countries (local currency basis)
Australia: 111%, India: 145%, Malaysia: 123%,
Vietnam: 109%, Indonesia: 106%, Thailand: 115%
FY2023 Forecast
For Residential, we will promote the widespread use of
inverters by launching extremely cost-competitive inverter units
centering on Thailand, Vietnam, and Indonesia. In India, we are
accelerating expansion of the sales network in regional cities
and will strengthen our supply capabilities with a new factory
(scheduled to start operations in August 2023).
For Commercial, we will focus on sales to the markets where
growth is anticipated such as for hospitals and schools. To
capture a recovery in demand, we will introduce new products
with improved energy savings and ease of installation as we
strengthen spec-in activities.
FY2022
Y/Y change
(Volume basis)
2023年度
Daikin
Market
Daikin
Residential
105%
116%
125%
SKY
120%
109% 112%
Commercial
VRV
122%
116% 118%
Applied
160%
109%
114%
*Applied is based on total sales in local currency.
17View entire presentation