Daikin Industries has reported record sales and operating profit for the sixth consecutive term. Group sales for the year ended March 31 rose 8 percent to JPY 2481.1 billion (USD 22.57 billion). Net profit rose 9 percent to JPY 276.3 billion (USD 2.51 billion). Air conditioning sales grew 8 percent to JPY 2222.2 billion (USD 20.2 billion) with growth witnessed in all major regions, including Japan, the Americas, and Europe. Air conditioning sales in Europe, Middle-East, and Africa reached JPY 332.2 billion (USD 3.02 billion), a 10-percent increase. Applied systems showed the largest growth at 22 percent by volume. Sales grew significantly in the largest market of the Middle-East as well as in France and Germany.
The market has generally been slow be it televisions or home appliances. Dishwashers saw a spurt for a couple of months, but the boom seems to be over for that...Read More