Presentation of Financial Results for FY2021
I . Financial Results for FY2021
Companywide Results
Daikin achieved record highs to reach 3 trillion yen in sales for the first time.
Despite the reemergence and continued spread of COVID-19 and soaring prices for raw
materials and logistics, Daikin absorbed the negative impact of these and improved
profitability by generating results from its 7 key themes for FY2021 (strategic selling prices
measures, sales expansion/market share increase, cost reductions, etc.). The second half
also saw soaring prices for raw materials, disruptions in logistics, and heightened
geopolitical risks, but even within the increasingly harsh business environment, we
implemented measures in rapid succession to achieve results exceeding our plan.
✓ In the Air Conditioning business, we increased market share by launching new differentiated products
for indoor air quality (IAQ) and ventilation and strengthening sales and marketing capabilities. In
addition to expanding sales centered on Residential Air Conditioning in the Americas, China, and
Europe, we captured strong demand in Europe for heat-pump type heaters.
✓ In the Chemicals business, we expanded sales by capitalizing on a recovery in demand in the
semiconductor and automotive markets. Despite the soaring prices for raw materials, we increased
revenue and profits due to the effectiveness of selling price measures.
(billion yen)
Sales
FY2020
Result
FY2021
Y/Y
Forecast
Result
2,493.4
3,050.0
3,109.1
125%
Operating Profit
238.6
310.0
316.4 133%
(Percentage of Profit to net sales)
(9.6%)
(10.2%)
(10.2%)
Ordinary Profit
240.2
315.0
327.5 136%
(Percentage of Profit to net sales)
(9.6%)
(10.3%)
(10.5%)
Profit Attributable to Owners
156.2
210.0
217.7 139%
of Parent
(Percentage of income to net sales)
(6.3%)
(6.9%)
(7.0%)
FX Effect (Y/Y)
USD/JPY
¥106
¥112
Sales
EUR/JPY
¥124
¥131
Operating Profit
RMB/JPY
¥15.7
¥17.5
+123.5 billion yen
+22.0 billion yen
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