Daikin Industries, Ltd.

Is Daikin Industries publicly traded?
Yes, on the Tokyo Stock Exchange under code 6367. It is a Nikkei 225 component with no controlling shareholder.

What does Daikin Industries own?
The Daikin, Goodman, Amana HVAC, McQuay and AAF brands, plus fluorochemicals, defense electronics and filter businesses.

When was Daikin founded?
Akira Yamada founded the company in 1924 in Osaka as Osaka Metal Works, initially making aircraft radiator tubes.

What is Daikin's revenue?
JPY 5,015 billion for the fiscal year ended March 31, 2026, up 5.5 percent, with operating profit of JPY 415 billion.

Where is Daikin headquartered?
Osaka, Japan. North American operations center on Waller, Texas at the Daikin Texas Technology Park.

Does Daikin own Goodman?
Yes. Daikin acquired Goodman Global in 2012 for approximately $3.7 billion, gaining the North American ducted residential market.

Why is Daikin different from other HVAC companies?
It is the only major air conditioning maker that also produces refrigerants through its fluorochemicals division, giving it supply and technology control others lack.

Akira Yamada founded Osaka Kinzoku Kogyosho (Osaka Metal Works) in 1924 in Osaka, producing aircraft radiator tubes for Japan's growing aviation industry. The company moved into refrigeration and air conditioning in the 1930s and produced Japan's first packaged air conditioners after the war.

The Daikin brand name emerged from a shortened "Daikin Nippon," and the company renamed itself Daikin Kogyo in 1963, later Daikin Industries. Postwar growth followed Japan's economic rise: residential air conditioners for the domestic market in the 1950s and 1960s, then international expansion into Southeast Asia, Europe and the United States.

Two innovations defined the modern company. The 1982 launch of VRV, multi connected variable refrigerant systems, created a new commercial category that became the global standard. And Daikin's fluorochemicals development made it self sufficient in refrigerants, a unique vertical integration.

The 21st century has been defined by acquisition led globalization. Daikin bought McQuay International's commercial business in 2006, residential maker Goodman Global in 2012 for approximately $3.7 billion, and air filtration company AAF in 2016. The Goodman deal, its largest, delivered the ducted residential market it lacked in North America and was followed by the 2016 opening of the Daikin Texas Technology Park in Waller, Texas, a 4.2 million square foot manufacturing complex.

Fiscal year 2025, ended March 31, 2026, delivered record results: net sales of JPY 5,015 billion (up 5.5 percent) and operating profit of JPY 415 billion, with an overseas sales ratio of 84 percent. Strategy centers on heat pump expansion in Europe and North America, refrigerant transition leadership, and applied systems for data centers.

Daikin publishes consolidated sustainability reporting built around its "Perfecting the Air" mission, with commitments to carbon neutrality across operations and product lifecycles. Its environmental posture is substantive because refrigerant policy is its core competency: it leads the industry's transition to lower global warming potential refrigerants such as R-32 and R-454B.

The company holds high ESG index placements and invests heavily in heat pump technology that displaces combustion heating, positioning its product roadmap as its principal climate contribution.

Daikin appears consistently in Forbes Global 2000 and Fortune lists, has received Japan's corporate value improvement awards, and its VRV technology is credited as a defining industry innovation. The US operation earned recognition for manufacturing investment and workforce growth.

Daikin operates under heavy refrigerant and PFAS regulation scrutiny given its fluorochemicals business, a sector wide issue affecting all fluorocarbon producers. It has faced periodic trade disputes and antitrust matters typical of multinational manufacturers, none reaching existential controversy.

Product recalls occur occasionally across its brands, handled through safety authorities in each market.