Interim report
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Member, Financial Accounting Standards Foundation Brief Report on the Settlement of Accounts (Consolidated) for the Nine Months Ended December 31, 2025 (J-GAAP) February 4, 2026 Name of Listed Company: Daikin Industries, Ltd. Listed on TSE Code No.: 6367 (URL: https://www.daikin.co.jp/) Representative: Naofumi Takenaka, President and COO Contact: Motoshi Hosomi, General Manager, Corporate Communication Department (Tel.: +81-6-6147-9925) Planned date of start of dividend payment: –– Preparation of supplementary explanatory materials for the settlement of accounts: Yes Holding briefings on the settlement of accounts: Yes (for institutional investors and analysts) 1. Consolidated Business Results for the Nine Months Ended December 31, 2025 (From April 1, 2025, to December 31, 2025) (1) Consolidated Business Results (Accumulated) Note: Amounts less than one million yen are truncated. Percentages indicate year-over-year increases/decreases. Net sales Operating profit Ordinary profit Profit attributable to owners of parent Nine months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % December 31, 2025 3,666,329 2.0 307,910 -3.4 305,667 4.5 195,373 4.6 December 31, 2024 3,593,224 10.1 318,740 4.0 292,483 3.7 186,712 -3.7 Note: Comprehensive income was ¥449,029 million (50.5%) for the nine months ended December 31, 2025, and ¥298,348 million (-8.6%) for the nine months ended December 31, 2024. Earnings per share Diluted earnings per share Nine months ended Yen Yen December 31, 2025 667.22 666.67 December 31, 2024 637.72 637.28 (2) Consolidated Financial Position Total assets Net assets Equity ratio Millions of yen Millions of yen % As of December 31, 2025 5,670,196 3,219,136 55.5 As of March 31, 2025 5,133,416 2,866,693 54.6 (Reference) Equity capital was ¥3,148,086 million as of December 31, 2025, and ¥2,801,281 million as of March 31, 2025. <Translation>
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Daikin Industries, Ltd. (6367), Brief Report on the Settlement of Accounts (Consolidated) for the Nine Months Ended December 31, 2025 (J-GAAP) 2. Dividends (Annual) Dividend per share 1Q-end 2Q-end 3Q-end Year-end Total Yen Yen Yen Yen Yen Fiscal Year ended March 31, 2025 — 185.00 — 145.00 330.00 Fiscal Year ending March 31, 2026 — 165.00 — Fiscal Year ending March 31, 2026 (forecast) 165.00 330.00 Note: Revisions to the dividend forecast announced most recently: None 3. Consolidated Business Forecast for the Fiscal Year Ending March 31, 2026 (From April 1, 2025, to March 31, 2026) Note: Percentages indicate year-over-year increases/decreases. Net sales Operating profit Ordinary profit Profit attributable to owners of parent Earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Full year 4,920,000 3.5 413,000 2.8 398,000 8.6 268,000 1.2 915.29 Note: Revisions to the consolidated business forecast announced most recently: Yes *Notes (1) Significant Changes in the Scope of Consolidation during the Nine Months Ended December 31, 2025: Yes Newly included: 7 companies (Dynamic Data Centers Solutions, Inc. and others) Excluded: 34 companies (Goodman Global Holdings, Inc. and others) (2) Adoption of Accounting Treatment Specific to Quarterly Consolidated Financial Statement Preparation: Yes (3) Changes in Accounting Policies, Changes in Accounting Estimates, and Retrospective Restatement (i) Changes in accounting policies relating to revisions to accounting standards, etc.: None (ii) Changes in accounting policies other than (i) above: None (iii) Changes in accounting estimates: None (iv) Retrospective restatement: None (4) Number of Shares Issued (common stock) (i) Number of shares issued at end of period (including treasury shares) As of December 31, 2025 293,113,973 shares As of March 31, 2025 293,113,973 shares (ii) Number of treasury shares at end of period As of December 31, 2025 278,457 shares As of March 31, 2025 311,521 shares (iii) Average number of shares outstanding during the nine months Nine Months Ended December 31, 2025 292,818,052 shares Nine Months Ended December 31, 2024 292,779,764 shares
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Daikin Industries, Ltd. (6367), Brief Report on the Settlement of Accounts (Consolidated) for the Nine Months Ended December 31, 2025 (J-GAAP) Review of the Japanese -language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit corporation: Yes (voluntary) Explanation about the Appropriate Use of the Business Forecast and Other Noteworthy Points • The Company plans to hold a briefing on business results for institutional investors and analysts on Wednesday, February 4, 2026. Documents and materials distributed in this briefing are posted on the Company’s website (https://www.daikin.com/investor/library/results_materials).
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Daikin Industries, Ltd. (6367), Brief Report on the Settlement of Accounts (Consolidated) for the Nine Months Ended December 31, 2025 (J-GAAP) - 1 - 2. Consolidated Financial Statements and Primary Notes (1) Consolidated Balance Sheet (Millions of yen) FY2024 (As of March 31, 2025) Third Quarter of FY2025 (As of December 31, 2025) Assets Current assets Cash and deposits 802,663 985,705 Notes and accounts receivable – trade, and contract assets 856,542 809,496 Merchandise and finished goods 709,232 800,552 Work in process 72,190 95,865 Raw materials and supplies 271,444 277,082 Other 163,975 213,179 Allowance for doubtful accounts (22,395) (24,157) Total current assets 2,853,654 3,157,725 Non-current assets Property, plant and equipment Buildings and structures, net 524,369 573,821 Other, net 754,957 838,364 Total property, plant and equipment 1,279,327 1,412,186 Intangible assets Goodwill 266,337 282,897 Other 371,529 404,689 Total intangible assets 637,867 687,587 Investments and other assets Investment securities 160,032 204,501 Other 203,015 208,688 Allowance for doubtful accounts (481) (491) Total investments and other assets 362,566 412,697 Total non-current assets 2,279,761 2,512,470 Total assets 5,133,416 5,670,196 Liabilities Current liabilities Notes and accounts payable – trade 362,158 365,151 Short-term borrowings 294,643 271,411 Commercial papers 29,554 123,023 Current portion of bonds payable 15,000 25,000 Current portion of long-term borrowings 58,176 65,692 Income taxes payable 47,193 42,854 Provision for product warranties 112,835 129,204 Other 623,484 595,830 Total current liabilities 1,543,047 1,618,166 Non-current liabilities Bonds payable 175,000 200,000 Long-term borrowings 239,920 262,861 Retirement benefit liability 21,760 22,236 Other 286,994 347,794 Total non-current liabilities 723,675 832,892 Total liabilities 2,266,723 2,451,059
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Daikin Industries, Ltd. (6367), Brief Report on the Settlement of Accounts (Consolidated) for the Nine Months Ended December 31, 2025 (J-GAAP) - 2 - (Millions of yen) FY2024 (As of March 31, 2025) Third Quarter of FY2025 (As of December 31, 2025) Net assets Shareholders’ equity Share capital 85,032 85,032 Capital surplus 87,304 87,652 Retained earnings 2,068,308 2,172,906 Treasury shares (1,348) (1,204) Total shareholders’ equity 2,239,296 2,344,386 Accumulated other comprehensive income Valuation difference on available-for-sale securities 53,770 83,059 Deferred gains or losses on hedges 945 1,943 Foreign currency translation adjustment 512,313 728,495 Remeasurements of defined benefit plans (5,042) (9,798) Total accumulated other comprehensive income 561,985 803,700 Share acquisition rights 4,212 4,936 Non-controlling interests 61,199 66,113 Total net assets 2,866,693 3,219,136 Total liabilities and net assets 5,133,416 5,670,196
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Daikin Industries, Ltd. (6367), Brief Report on the Settlement of Accounts (Consolidated) for the Nine Months Ended December 31, 2025 (J-GAAP) - 3 - (2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income (Consolidated Statement of Income) For the Nine Months Ended December 31 (Millions of yen) First Nine Months of FY2024 (April 1, 2024, to December 31, 2024) First Nine Months of FY2025 (April 1, 2025, to December 31, 2025) Net sales 3,593,224 3,666,329 Cost of sales 2,361,679 2,391,076 Gross profit 1,231,544 1,275,253 Selling, general and administrative expenses 912,803 967,343 Operating profit 318,740 307,910 Non-operating income Interest income 14,307 13,772 Dividend income 3,556 4,142 Share of profit of entities accounted for using equity method 1,568 1,244 Inflation accounting adjustment — 10,686 Other 5,085 5,235 Total non-operating income 24,518 35,082 Non-operating expenses Interest expenses 31,769 29,331 Foreign exchange losses 3,850 1,269 Inflation accounting adjustment 6,934 — Other 8,220 6,723 Total non-operating expenses 50,775 37,325 Ordinary profit 292,483 305,667 Extraordinary income Gain on sale of land 287 5 Gain on sale of investment securities 4,253 265 Gain on sale of shares of subsidiaries and associates — 0 Gain on liquidation of subsidiaries and associates — 15 Gain on insurance claims 607 — Gain on revision of retirement benefit plan — 1,345 Total extraordinary income 5,148 1,632 Extraordinary losses Loss on disposal of non-current assets 829 7,301 Loss on sale of land 169 — Loss on valuation of investment securities 429 100 Distinguished service compensation 4,300 — Total extraordinary losses 5,728 7,402 Profit before income taxes 291,903 299,896 Income taxes 96,631 95,676 Profit 195,271 204,220 Profit attributable to non-controlling interests 8,558 8,847 Profit attributable to owners of parent 186,712 195,373
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Daikin Industries, Ltd. (6367), Brief Report on the Settlement of Accounts (Consolidated) for the Nine Months Ended December 31, 2025 (J-GAAP) - 4 - (Consolidated Statement of Comprehensive Income) For the Nine Months Ended December 31 (Millions of yen) First Nine Months of FY2024 (April 1, 2024, to December 31, 2024) First Nine Months of FY2025 (April 1, 2025, to December 31, 2025) Profit 195,271 204,220 Other comprehensive income Valuation difference on available-for-sale securities (1,970) 29,408 Deferred gains or losses on hedges 212 997 Foreign currency translation adjustment 107,592 219,460 Remeasurements of defined benefit plans (3,171) (4,820) Share of other comprehensive income of entities accounted for using equity method 413 (237) Total other comprehensive income 103,077 244,808 Comprehensive income 298,348 449,029 Comprehensive income attributable to Comprehensive income attributable to owners of parent 288,150 437,087 Comprehensive income attributable to non-controlling interests 10,198 11,941
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Daikin Industries, Ltd. (6367), Brief Report on the Settlement of Accounts (Consolidated) for the Nine Months Ended December 31, 2025 (J-GAAP) - 5 - (3) Consolidated Statement of Cash Flows (Millions of yen) First Nine Months of FY2024 (April 1, 2024, to December 31, 2024) First Nine Months of FY2025 (April 1, 2025, to December 31, 2025) I. Cash flows from operating activities Profit before income taxes 291,903 299,896 Depreciation 144,227 163,247 Amortization of goodwill 36,504 38,059 Increase (decrease) in allowance for doubtful accounts 880 (200) Interest and dividend income (17,864) (17,915) Interest expenses 31,769 29,331 Share of loss (profit) of entities accounted for using equity method (1,568) (1,244) Loss (gain) on disposal of non-current assets 829 7,301 Loss (gain) on sale of investment securities (4,253) (265) Loss (gain) on valuation of investment securities 429 100 Gain on revision of retirement benefit plan — (1,345) Decrease (increase) in trade receivables 65,930 101,756 Decrease (increase) in inventories (28,947) (48,606) Increase (decrease) in trade payables 26,364 (23,908) Increase (decrease) in accounts payable - other (21,470) (27,839) Increase (decrease) in accrued expenses 11,607 (10,696) Increase (decrease) in retirement benefit liability 859 152 Decrease (increase) in retirement benefit asset 2,788 (758) Other, net (3,414) (28,673) Subtotal 536,577 478,393 Interest and dividends received 19,160 19,234 Interest paid (31,185) (28,185) Income taxes paid (97,906) (123,776) Net cash provided by (used in) operating activities 426,645 345,666 II. Cash flows from investing activities Purchase of property, plant and equipment (187,728) (144,587) Proceeds from sale of property, plant and equipment 4,237 3,799 Purchase of investment securities (16,729) (1,850) Proceeds from sale of investment securities 5,626 661 Purchase of shares of subsidiaries and associates (1,096) (255) Payments for acquisition of businesses (573) (889) Purchase of shares of subsidiaries resulting in change in scope of consolidation (2,707) (52,702) Payments for investments in capital of subsidiaries resulting in change in scope of consolidation (17,237) (1,974) Decrease (increase) in time deposits (52,765) (86,032) Other, net (20,826) (10,828) Net cash provided by (used in) investing activities (289,801) (294,658)
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Daikin Industries, Ltd. (6367), Brief Report on the Settlement of Accounts (Consolidated) for the Nine Months Ended December 31, 2025 (J-GAAP) - 6 - (Millions of yen) First Nine Months of FY2024 (April 1, 2024, to December 31, 2024) First Nine Months of FY2025 (April 1, 2025, to December 31, 2025) III. Cash flows from financing activities Net increase (decrease) in short-term borrowings (4,367) 53,582 Proceeds from long-term borrowings 103,159 67,884 Repayments of long-term borrowings (59,314) (46,387) Proceeds from issuance of bonds 59,802 49,830 Redemption of bonds (10,000) (15,000) Dividends paid (92,235) (90,788) Proceeds from share issuance to non-controlling shareholders 15,110 270 Dividends paid to non-controlling interests (7,547) (6,396) Repayments of lease liabilities (42,022) (46,568) Other, net (322) (161) Net cash provided by (used in) financing activities (37,737) (33,735) IV . Effect of exchange rate change on cash and cash equivalents 36,634 59,989 V. N e t increase (decrease) in cash and cash equivalents 135,741 77,261 VI. Cash and cash equivalents at beginning of period 634,008 658,105 VII. Increase (decrease) in cash and cash equivalents resulting from change in accounting period of subsidiaries (1,511) — VIII. Cash and cash equivalents at end of period 768,237 735,367