Daikin half-year sales up 30%

JAPAN: Daikin sales in the half-year to the end of September rose 30% to JPY2,019,800m (US$14,490m), while operating profit was up 15% to JPY221,700 ($1,590m).

These record results are said to have been achieved in the face of soaring raw materials prices and logistics, the Shanghai lockdown, and heightened geopolitical risks. 

In the air conditioning business, the Shanghai lockdown affected manufacturing and supply, mainly in China and Japan, but sales expanded in the Americas and Asia. 

Sales increased in Europe for heat pump hot water heaters, which enjoy strong demand.