Presentation of Financial Results for FY2021
IAC Business - Europe, Middle East, and Africa
FY2021 Results
In Europe, despite restrictions of economic activities since November due to the reemergence of COVID-
19, sales for residential-use air conditioners and heat pump hot water heaters expanded. In the Middle
East, sales expanded in every country, particularly Turkey. Sales for the region overall greatly exceeded
the previous fiscal year.
✓ In Residential Use, unseasonable summer weather impacted results in countries such as France and Spain,
but sales expanded on strong demand in Italy due to the subsidy system and the intense heat wave in
southeastern Europe such as in Greece.
✓ In Commercial Use, sales to hospitals and food retailers were strengthened. Sales expanded by capitalizing.
on customer needs with proposals for IAQ improvement.
✓ In the Heating business, we utilized a wide product lineup of heat pump hot water heaters to substantially
increase sales in each country, especially in France, Italy, and Germany.
✓ In Applied, sales of R32 chillers and air handling units expanded in favorable markets such as factories and
hospitals.
In the Refrigerator and Freezer business, Daikin accelerated development of one-stop solutions and
expanded sales to food retailers where demand is strong.
FY2022 Forecast
In Residential Use, we will capitalize on the growing interest in energy savings in response to rising
energy costs and expand sales of high value-added products.
In Commercial Use, we will use the appeal of the
environment and energy savings to capture demand
recovery for offices and hotels.
In the Heating business, we will capture growing demand
for heat pump heating due to decarbonization and
aim to further increase our market share.
In Applied, we will enlarge the R32 chiller lineup.
In the Freezer and Refrigerator business, we will
continue to increase sales to the food retail industry and
build a business foundation for the medical field.
FY2021
FY2022
Y/Y change
(Volume basis)
Daikin
Market Daikin
Residential
107%
101%
103%
SKY
112%
101%
102%
Commercial
VRV
118%
102%
103%
Heat Pump Heating
165%
125%
145%
Applied
117%
105%
113%
Refrigerator and Freezer
127%
109%
121%
17
*Residential, commercial, and heat-pump heaters are only for Europe.
*Applied is based on total sales in local currency.View entire presentation