Presentation of Financial Results for FY2021
IAC Business - Asia and Oceania
FY2021 Results
The reemergence of COVID-19 had a significant impact in causing a decline in demand. We worked to
expand our own sales network and promote dealer support with the use of online tools. In addition to
expanding sales in Asian countries where restrictions on conduct have been relaxed and in Oceania
where demand is relatively strong, there has also been a selling price effect as overall sales for the
region exceeded the previous year.
✓ In the Residential market, sales expanded in Indonesia and Australia. In India, we enlarged the sales
network and significantly expanded sales by strengthening the relationship with dealers. In Malaysia,
sales have increased since the third quarter due to a relaxation of restrictions on conduct.
✓ In the Commercial market, we focused on sales to public facilities where demand is relatively stable
and expanded sales despite sluggish capital investment from the economic downturn, delays in start
of construction work due to insufficient workers at the building sites, and construction postponements.
✓ In Applied, we concentrated on the After Sales Service business such as maintenance and servicing.
■Year-on-year sales of main countries (local currency basis)
Australia: 120% India: 137% Vietnam: 95%
Malaysia: 104% Indonesia: 128% Thailand: 97%
FY2022 Forecast
In Asia where a recovery in demand is anticipated, we will strengthen the manufacturing system and
expand sales.
In Residential Use, we will launch a highly cost-competitive inverter unit centered on the markets with
low inverter penetration rates such as Malaysia and
Indonesia and promote widespread market acceptance.
In Commercial Use, we will strengthen product appeal
and proposal business and focus sales on markets where
growth is expected such as hospitals and schools.
In Applied, we will enhance the product lineup and aim to
expand sales by strengthening the Solutions business.
FY2021
Y/Y change
2022年度
(Volume basis)
Daikin
Market
Daikin
Residential
109%
109%
115%
SKY
114%
110%
113%
VRV
111%
118%
120%
Applied
114%
113%
141%
Commercial
*Applied is based on total sales in local currency.
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