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Daikin sales grow 12%

JAPAN: Daikin’s 2017 financial reports show increased revenue and profits for the eighth consecutive year.

Sales for the year to March 31 2018 grew by 12% to JPY 2,291bn (US$20.89bn), compared to the previous year. Operating profit grew by 10% in the same period to JPY254bn (US$2.32bn).

Air conditioning sales expanded in all major regions. The EMEA region saw sales grow by 20% to JPY301.1bn (US$2.75bn). Much of this increase was down to the introduction of R32 air conditioning units.

Latest News

22nd April 2026

ODS emissions threaten ozone layer recovery

SWITZERLAND/UK: An increase in feedstock emissions of ozone depleting gases are said to be threatening the recovery of the ozone layer. 
22nd April 2026

Artus Air supports British Land’s sustainable HQ

UK: Ninety-five Artus Air hybrid fan coil units are being installed at British Land’s new London head office at 20 Triton Street, Regent’s Place.
21st April 2026

Midea ceiling-mounted inverter AHU

USA: Midea is promoting its inverter-driven Pancake AHU as an easy to install ceiling-mounted ducted solution for a wide range of climates, including cold-weather conditions. 
21st April 2026

Hitachi sells home appliance business to focus on AC

JAPAN: Hitachi has sold its household appliance interests to Nojima Corp to concentrate on its air conditioning business.
21st April 2026

Phil Deverick rejoins General

UK: Phil Deverick has rejoined General HVAC Solutions UK as operations supervisor in a number of new appointments to the former Fujitsu business.
21st April 2026

UK moves to cut electricity price link to gas

UK: The UK government has taken a step towards breaking the link between gas and electricity prices in an effort to decarbonise the grid.