Daikin Industries Ltd. Announces Production Shift and Upcoming AGM

Daikin Industries Ltd. (stock code: 532891) has disclosed a strategic realignment of its heat‑pump manufacturing operations and has scheduled its 39th Annual General Meeting (AGM) for September 29, 2025.

Production Relocation

  • The company has decided to move a portion of its heat‑pump production from Germany to the Czech Republic.
  • This relocation is part of a broader restructuring of the heat‑pump business aimed at improving operational efficiency.
  • According to German-language reports, the shift will affect at least 200 employees, who are expected to lose their positions as a result of the move.
  • The decision reflects Daikin’s intention to consolidate production in locations that offer lower manufacturing costs while maintaining high product quality.

Annual General Meeting

  • Daikin has issued a newspaper advertisement announcing the AGM, to be held remotely via electronic voting on September 29, 2025 at 2:00 PM.
  • The advertisement was published in accordance with regulations of the BSE and NSE, confirming the company’s compliance with listing requirements.
  • The AGM will provide shareholders with an opportunity to discuss the company’s financial performance, strategic initiatives, and governance matters.

Market Context

  • The global refrigeration and cooler market is projected to reach US$7.48 billion by 2031, growing at a compound annual growth rate of 6.4 %.
  • This growth, highlighted in a report by The Insight Partners, underscores the continued demand for cooling technologies that Daikin supplies.
  • In parallel, the oxygen concentrator market is expected to reach US$1.71 billion by 2030, indicating expanding opportunities in medical equipment—a sector where Daikin also operates.

Company Profile

Daikin Industries Ltd., headquartered in Osaka, specializes in manufacturing air‑conditioning equipment for residential and commercial use. The company also operates in chemical, oil hydraulics, defense systems, and electronics. Listed on the Tokyo Stock Exchange, Daikin’s 2025‑09‑04 closing price was 18,420 JPY, with a market capitalization of 5.40 trillion JPY and a price‑earnings ratio of 18.74. Its 52‑week high and low are 20,755 JPY and 14,935 JPY, respectively.

The company’s ongoing restructuring and its participation in growing global markets position it to continue as a leading player in the building products sector.