FY2022 Results and FY2023 Forecast
III. Business and Regional Overview AC Business - Japan
FY2022 Results
Industry demand for Residential Air Conditioning declined against the previous year due to supply shortages
from the Shanghai lockdown and consumer restraint from the soaring prices. Daikin strengthened sales of
differentiated products, including Urusara X, which switches between supply and exhaust air ventilation. With
electricity rates skyrocketing, we capitalized on the growing need for energy savings to expand sales and
increase market share. Demand for air purifiers has abated from their peak during the COVID-19 pandemic.
Industry demand for Commercial Air Conditioning experienced an upturn in capital investment with signs of a
recovery, and sales exceeded the previous fiscal year. For this reason, we focused on system proposals that
combined SKY/VRV, which excel in energy savings and ease of installation, with ventilation and disinfection
products, including heat reclamation ventilators and UV Streamer units.
In Applied, sales expanded for environmentally-conscious equipment such as R32 chillers.
FY2023 Forecast
With energy prices soaring, we will promote proposals to
reduce electricity costs for all product groups.
In Residential, we will promote sales of high value-added
products with ventilation and air purification functions, high
energy savings, and stylish design. Our aim will be to
further increase market share by strengthening sales
activities in cold regions where strong demand is expected.
In Commercial, we will accelerate new dealer development
as we aim to increase market share by enhancing energy-
saving and ventilation proposal sales and expanding our
product lineup for cold climates.
We will also focus on a subscription business that provides
air conditioners at flat rates.
FY2022
FY2023
Y/Y change
Market
Daikin
Market
Daikin
(Volume basis)
Residential
98%
103%
98%
101%
Commercial
101%
97%
102%
107%
Applied
103%
111%
110%
120%
*Applied is based on total sales.
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