World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Daikin reports six years of sales and profit increases

JAPAN: Daikin has reported record sales and operating profit for the sixth consecutive term.

Group sales for the year ended March 31 rose 8% to JPY2,481.1bn (US$ 22.57bn). Net profit rose 9% to JPY276.3bn ($2.51bn).

Air conditioning sales grew 8% to JPY2,222.2bn ($20.2bn) with growth witnessed in all major regions, including Japan, the Americas, and Europe.

Air conditioning sales in Europe, Middle East and Africa reached JPY332.2bn ($3.02bn) a 10% increase. Applied systems showed the largest growth at 22% by volume. Sales grew significantly in the largest market of the Middle East as well as in France and Germany.

The success of Daikin Applied products in Europe was mirrored around the world with all areas recording largest volume growth – Japan 16%, Americas 17%, China 6% and Asia and Oceania 23%.

Latest News

26th February 2024

Brian Streatfield 1936-2024

UK: Brian Streatfield, a man who was instrumental in the formation of Carrier in the UK during the 1970s, died at the weekend. He was 87.
25th February 2024

Safety is vital in global F-gas transition

UK: Institute of Refrigeration president Graeme Fox has warned of the real-world issues that the “rapid transition” to “natural” refrigerants poses for developing countries.
25th February 2024

Terrie Lamb wins lifetime achievement award

UK: Terrie Lamb of Cimetrics was recognised for 25 years of dedication to the RACHP sector in a night of awards at Thursday night’s annual Institute of Refrigeration (IoR) dinner.
25th February 2024

Boosting EV range with microwave energy

UK: Researchers from the University of Birmingham are working on an energy storage system which couples a chemical heat pump with microwave energy to produce heating or cooling on demand.
25th February 2024

Home heat pump install for newly-trained engineers

UK: A UK charity is proposing to give newly trained heat pump installers an air-source heat pump to install in their own home.
23rd February 2024

Hoshizaki acquires 25% stake in Fogel

PANAMA: Japanese refrigeration equipment manufacturer Hoshizaki has acquired a 25% stake in Fogel Company Inc, a manufacturer of commercial refrigeration equipment based in Republic of Panama, for US$28m.