Daikin

Daikin Industries, Ltd. is a Japanese multinational conglomerate headquartered in Osaka, founded in 1924 as Ōsaka Metalworking Industries LP by Akira Yamada and renamed Daikin Industries, Ltd. in 1963. It is publicly traded on the Tokyo Stock Exchange (TYO: 6367) and is a component of the Nikkei 225 and TOPIX Large 70.

The company specializes in air conditioning and refrigeration, offering split/multi-split air conditioners, air-to-water heat pump systems, heating systems, air purifiers, and ventilation control systems. It also produces industrial and mobile hydraulic equipment, components for guided missiles, and oxygen therapy equipment. Daikin describes itself as the world's only manufacturer that develops and produces HVAC and refrigeration equipment, as well as refrigerants, in-house.

As of 2024, Daikin reported revenue of approximately $29.8 billion (¥4.395 trillion), operating income of about $2.66 billion (¥392.1 billion), and roughly 98,162 employees. It operates worldwide across Europe, Asia, the Middle East, Africa, Oceania, North America, and Latin America. Key milestones include developing Neoflon (1963), entering the North American market (2004), and acquiring McQuay International in 2006 (now Daikin Applied Americas).

Given Daikin's scale and its core focus on advanced HVAC, refrigeration, and refrigerant technologies, innovations in this space are highly relevant to its in-house development and manufacturing model. Masanori Togawa serves as CEO and president.