Interim report
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Member, Financial Accounting Standards Foundation Brief Report on the Settlement of Accounts (Consolidated) for the Three Months Ended June 30, 2026 (J-GAAP) August 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: Yuri Sakamoto, General Manager, Investor and Shareholder Relations Office (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 Three Months Ended June 30, 2026 (From April 1, 2026, to June 30, 2026) (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 Three months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % June 30, 2026 1,426,810 17.5 130,560 7.6 120,811 1.6 80,136 -1.7 June 30, 2025 1,213,821 -3.0 121,300 5.1 118,905 13.0 81,526 29.2 Note: Comprehensive income was ¥145,485 million (146.0%) for the three months ended June 30, 2026, and ¥59,136 million (-70.2%) for the three months ended June 30, 2025. Earnings per share Diluted earnings per share Three months ended Yen Yen June 30, 2026 280.60 280.37 June 30, 2025 278.43 278.25 (2) Consolidated Financial Position Total assets Net assets Equity ratio Millions of yen Millions of yen % As of June 30, 2026 5,954,253 3,056,403 50.2 As of March 31, 2026 5,809,240 3,316,538 55.9 (Reference) Equity capital was ¥2,988,002 million as of June 30, 2026, and ¥3,249,840 million as of March 31, 2026. <Translation>
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Daikin Industries, Ltd. (6367), Brief Report on the Settlement of Accounts (Consolidated) for the Three Months Ended June 30, 2026 (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, 2026 — 165.00 — 175.00 340.00 Fiscal Year ending March 31, 2027 — Fiscal Year ending March 31, 2027 (forecast) 180.00 — 180.00 360.00 Note: Revisions to the dividend forecast announced most recently: None 3. Consolidated Business Forecast for the Fiscal Year Ending March 31, 2027 (From April 1, 2026, to March 31, 2027) 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 First half 2,610,000 5.3 258,000 4.6 244,000 0.9 163,000 1.3 556.61 Full year 5,150,000 2.7 436,000 5.1 414,000 1.4 278,000 1.0 949.32 Note: Revisions to the consolidated business forecast announced most recently: None *Notes (1) Significant Changes in the Scope of Consolidation during the Three Months Ended June 30, 2026: Yes Newly included: 2 companies (Daikin Air Conditioning Lower Gulf LLC and other) Excluded: 10 companies (Flanders Holdings LLC 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 June 30, 2026 293,113,973 shares As of March 31, 2026 293,113,973 shares (ii) Number of treasury shares at end of period As of June 30, 2026 14,778,565 shares As of March 31, 2026 272,361 shares (iii) Average number of shares outstanding during the three months Three Months Ended June 30, 2026 285,587,604 shares Three Months Ended June 30, 2025 292,804,800 shares
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Daikin Industries, Ltd. (6367), Brief Report on the Settlement of Accounts (Consolidated) for the Three Months Ended June 30, 2026 (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 business forecasts are based on information currently available to Daikin Industries, Ltd. (the “Company”) and certain assumptions that are deemed reasonable. Actual results may differ significantly from these forecasts. The Company plans to hold a briefing on business results for institutional investors and analysts on Tuesday, August 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 Three Months Ended June 30, 2026 (J-GAAP) - 1 - 2. Consolidated Financial Statements and Primary Notes (1) Consolidated Balance Sheet (Millions of yen) FY2025 (As of March 31, 2026) First Quarter of FY2026 (As of June 30, 2026) Assets Current assets Cash and deposits 933,484 925,534 Notes and accounts receivable – trade, and contract assets 1,011,104 1,065,790 Merchandise and finished goods 769,715 779,557 Work in process 78,570 99,761 Raw materials and supplies 289,616 306,320 Other 203,907 204,169 Allowance for doubtful accounts (23,519) (24,615) Total current assets 3,262,880 3,356,518 Non-current assets Property, plant and equipment Buildings and structures, net 585,839 589,395 Other, net 878,635 912,830 Total property, plant and equipment 1,464,475 1,502,225 Intangible assets Goodwill 274,767 266,606 Other 394,774 395,007 Total intangible assets 669,541 661,614 Investments and other assets Investment securities 199,020 212,415 Other 213,812 221,969 Allowance for doubtful accounts (490) (489) Total investments and other assets 412,342 433,894 Total non-current assets 2,546,359 2,597,734 Total assets 5,809,240 5,954,253 Liabilities Current liabilities Notes and accounts payable – trade 419,985 475,411 Short-term borrowings 286,097 500,297 Commercial papers 28,393 143,382 Current portion of bonds payable 25,000 25,000 Current portion of long-term borrowings 94,285 70,986 Income taxes payable 50,632 41,615 Provision for product warranties 132,908 138,373 Other 651,567 675,217 Total current liabilities 1,688,870 2,070,284 Non-current liabilities Bonds payable 200,000 200,000 Long-term borrowings 249,387 266,933 Retirement benefit liability 23,418 22,991 Other 331,026 337,640 Total non-current liabilities 803,831 827,565 Total liabilities 2,492,702 2,897,849
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Daikin Industries, Ltd. (6367), Brief Report on the Settlement of Accounts (Consolidated) for the Three Months Ended June 30, 2026 (J-GAAP) - 2 - (Millions of yen) FY2025 (As of March 31, 2026) First Quarter of FY2026 (As of June 30, 2026) Net assets Shareholders’ equity Share capital 85,032 85,032 Capital surplus 68,521 67,206 Retained earnings 2,252,762 2,279,705 Treasury shares (1,178) (351,048) Total shareholders’ equity 2,405,138 2,080,896 Accumulated other comprehensive income Valuation difference on available-for-sale securities 82,318 90,324 Deferred gains or losses on hedges 1,737 1,302 Foreign currency translation adjustment 768,278 825,418 Remeasurements of defined benefit plans (7,632) (9,939) Total accumulated other comprehensive income 844,702 907,106 Share acquisition rights 4,813 4,599 Non-controlling interests 61,884 63,802 Total net assets 3,316,538 3,056,403 Total liabilities and net assets 5,809,240 5,954,253
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Daikin Industries, Ltd. (6367), Brief Report on the Settlement of Accounts (Consolidated) for the Three Months Ended June 30, 2026 (J-GAAP) - 3 - (2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income (Consolidated Statement of Income) For the Three Months Ended June 30 (Millions of yen) First Three Months of FY2025 (April 1, 2025, to June 30, 2025) First Three Months of FY2026 (April 1, 2026, to June 30, 2026) Net sales 1,213,821 1,426,810 Cost of sales 780,574 932,862 Gross profit 433,247 493,947 Selling, general and administrative expenses 311,947 363,386 Operating profit 121,300 130,560 Non-operating income Interest income 4,716 4,389 Dividend income 2,067 2,411 Share of profit of entities accounted for using equity method 341 218 Inflation accounting adjustment 25 — Other 3,851 2,241 Total non-operating income 11,002 9,260 Non-operating expenses Interest expenses 9,961 12,198 Foreign exchange losses 1,789 3,374 Inflation accounting adjustment — 1,196 Other 1,646 2,241 Total non-operating expenses 13,397 19,010 Ordinary profit 118,905 120,811 Extraordinary income Gain on disposal of non-current assets — 76 Gain on sale of land 2 — Gain on revision of retirement benefit plan 1,345 2,123 Total extraordinary income 1,348 2,199 Extraordinary losses Loss on disposal of non-current assets 57 — Loss on valuation of investment securities 0 5 Impairment losses — 1,243 Total extraordinary losses 57 1,249 Profit before income taxes 120,197 121,761 Income taxes 35,986 38,760 Profit 84,210 83,000 Profit attributable to non-controlling interests 2,683 2,864 Profit attributable to owners of parent 81,526 80,136
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Daikin Industries, Ltd. (6367), Brief Report on the Settlement of Accounts (Consolidated) for the Three Months Ended June 30, 2026 (J-GAAP) - 4 - (Consolidated Statement of Comprehensive Income) For the Three Months Ended June 30 (Millions of yen) First Three Months of FY2025 (April 1, 2025, to June 30, 2025) First Three Months of FY2026 (April 1, 2026, to June 30, 2026) Profit 84,210 83,000 Other comprehensive income Valuation difference on available-for-sale securities 4,110 8,049 Deferred gains or losses on hedges 373 (434) Foreign currency translation adjustment (24,895) 56,782 Remeasurements of defined benefit plans (3,800) (2,602) Share of other comprehensive income of entities accounted for using equity method (861) 689 Total other comprehensive income (25,073) 62,485 Comprehensive income 59,136 145,485 Comprehensive income attributable to Comprehensive income attributable to owners of parent 57,429 142,540 Comprehensive income attributable to non-controlling interests 1,707 2,945
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Daikin Industries, Ltd. (6367), Brief Report on the Settlement of Accounts (Consolidated) for the Three Months Ended June 30, 2026 (J-GAAP) - 5 - (3) Consolidated Statement of Cash Flows (Millions of yen) First Three Months of FY2025 (April 1, 2025, to June 30, 2025) First Three Months of FY2026 (April 1, 2026, to June 30, 2026) I. Cash flows from operating activities Profit before income taxes 120,197 121,761 Depreciation 51,147 61,035 Amortization of goodwill 11,916 13,894 Increase (decrease) in allowance for doubtful accounts 200 551 Interest and dividend income (6,784) (6,800) Interest expenses 9,961 12,198 Share of loss (profit) of entities accounted for using equity method (341) (218) Loss (gain) on disposal of non-current assets 57 (76) Loss (gain) on valuation of investment securities 0 5 Gain on revision of retirement benefit plan (1,345) (2,123) Decrease (increase) in trade receivables (18,942) (39,330) Decrease (increase) in inventories (28,022) (33,427) Increase (decrease) in trade payables 13,660 47,817 Increase (decrease) in accounts payable - other (18,999) (13,024) Increase (decrease) in accrued expenses 5,667 3,939 Increase (decrease) in retirement benefit liability 293 (154) Decrease (increase) in retirement benefit asset (449) (263) Other, net (42,889) 30,235 Subtotal 95,324 196,019 Interest and dividends received 7,785 6,939 Interest paid (9,319) (11,042) Income taxes paid (30,011) (38,674) Net cash provided by (used in) operating activities 63,778 153,242 II. Cash flows from investing activities Purchase of property, plant and equipment (49,760) (61,379) Proceeds from sale of property, plant and equipment 1,686 2,737 Purchase of investment securities (1,155) (1,591) Purchase of shares of subsidiaries and associates (247) — Payments for acquisition of businesses (889) (2,641) Purchase of shares of subsidiaries resulting in change in scope of consolidation (799) — Purchase of investments in capital of subsidiaries resulting in change in scope of consolidation (1,962) — Decrease (increase) in time deposits (29,604) (13,612) Other, net (2,565) (14,063) Net cash provided by (used in) investing activities (85,298) (90,550)
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Daikin Industries, Ltd. (6367), Brief Report on the Settlement of Accounts (Consolidated) for the Three Months Ended June 30, 2026 (J-GAAP) - 6 - (Millions of yen) First Three Months of FY2025 (April 1, 2025, to June 30, 2025) First Three Months of FY2026 (April 1, 2026, to June 30, 2026) III. Cash flows from financing activities Net increase (decrease) in short-term borrowings 54,771 326,690 Proceeds from long-term borrowings 12,014 15,957 Repayments of long-term borrowings (35,397) (24,286) Purchase of treasury shares — (349,999) Dividends paid (42,482) (51,284) Proceeds from share issuance to non-controlling shareholders — 96 Dividends paid to non-controlling interests (1,383) (520) Repayments of lease liabilities (15,262) (18,984) Other, net 0 (1,097) Net cash provided by (used in) financing activities (27,740) (103,429) IV . Effect of exchange rate change on cash and cash equivalents (5,413) 12,310 V . Net increase (decrease) in cash and cash equivalents (54,673) (28,427) VI. Cash and cash equivalents at beginning of period 658,105 706,523 VII. Increase (decrease) in cash and cash equivalents resulting from change in accounting period of subsidiaries — (607) VIII. Cash and cash equivalents at end of period 603,432 677,488