Daikin

{{Short description|Japanese multinational conglomerate}} {{distinguish|Daikon}} {{Use dmy dates|date=May 2023}} {{Infobox company | name = Daikin Industries, Ltd. | type = Public | traded_as = {{TYO|6367}} TOPIX Large 70 Component Nikkei 225 Component | logo = DAIKIN logo.svg | logo_size = 230px | image = OsakaUmeda Twin Towers South.jpg | image_size = 230px | image_caption = Daikin headquarters at the Osaka Umeda Twin Towers South in Kita-ku, Osaka | foundation = {{start date and age|1924|10|25|df=y}} | founder = Akira Yamada | location = Osaka Umeda Twin Towers South, 1-13-1 Umeda, Kita-ku, Osaka 530-0001, Japan | key_people = Masanori Togawa (CEO and president) | industry = Conglomerate | products = Home appliances Chemicals Medical equipment Electronics Oil hydraulics Defense systems | revenue = {{gain}} {{yen|4,395 trillion|link=yes}} ($29.8B) (2024)<ref name="NTTWP">{{cite web|title=Daikin Annual Report 2024 |url=https://www.daikin.co.jp/-/media/Project/Daikin/daikin_co_jp/investor/library/annual/2024/2024-pdf.pdf}}</ref> | operating_income = {{gain}} {{yen|392.1 billion}} ($2.66B) (2024)<ref name="NTTWP"/> | num_employees = 98,162 (2024)<ref name="NTTWP"/> | homepage = {{URL|https://www.daikin.com/|daikin.com}} | footnotes = <ref name=DCD>{{cite web |url=http://www.daikin.com/about/corporate/corporate_data/index.html |title=Corporate Data |access-date=Nov 30, 2018 |archive-date=8 November 2018 |archive-url=https://web.archive.org/web/20181108070134/http://www.daikin.com/about/corporate/corporate_data/index.html |url-status=dead }}</ref><ref>{{cite web |url=https://www.daikin.com/-/media/Project/Daikin/daikin_com/investor/data/report/daikin2021_viewing-pdf.pdf|title=Annual Report 2021 |access-date=April 5, 2022}}</ref><ref>{{cite web |url=http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=6367:JP&dataset=incomeStatement&period=A&currency=US%20Dollar |title=Daikin Financial Statements |publisher=Bloomberg Businessweek |access-date=July 24, 2014 }}{{dead link|date=April 2023|bot=medic}}{{cbignore|bot=medic}}</ref> }}

{{nihongo|'''Daikin Industries, Ltd.'''|ダイキン工業株式会社|Daikin Kōgyō Kabushiki-Gaisha}} is a Japanese multinational conglomerate company headquartered in Osaka.<ref>{{cite news |last1=Reed |first1=Stevenson |last2=Yuki |first2=Furukawa |date=10 March 2022 |title=The World's Biggest Air-Conditioning Company Braces for a Hotter Future |url=https://www.bloomberg.com/news/articles/2022-03-10/world-s-biggest-air-conditioning-company-daikin-plans-for-hotter-weather |access-date=14 May 2023 |newspaper=Bloomberg}}</ref><ref>{{cite news |last1=Reed |first1=Stevenson |last2=Yuki |first2=Furukawa |date=28 September 2022 |title=World's Biggest Air-Conditioner Maker Doubles Down on India |url=https://www.bloomberg.com/news/articles/2022-09-28/world-s-biggest-air-conditioner-maker-doubles-down-on-india |access-date=14 May 2023 |newspaper=Bloomberg}}</ref>

Daikin Industries Ltd was founded in 1924 as {{nihongo|Ōsaka Metalworking Industries LP|大阪金属工業所|Ōsaka Kinzoku Kōgyōsho}} by Akira Yamada. In 1953, Daiflon or polychlorotrifluoroethylene was developed. In 1963 the company was renamed {{nihongo|Daikin Industries, Ltd.|ダイキン工業株式会社|Daikin Kōgyō Kabushiki-Kaisha|''Daikin'' deriving from the combined reading of the first kanji of {{lang|ja|大阪}} ''Ōsaka'' and the first of {{lang|ja|金属}} ''Kinzoku''}} and developed Neoflon. In 1982 it was renamed to the current Daikin Industries Ltd.

Daikin entered the North American air conditioning market in 2004.<ref>{{cite web |date=1 February 2006 |title=Daikin AC Takes on North America |url=https://www.contractingbusiness.com/hvacrdb/article/20858708/daikin-ac-takes-on-north-america |access-date=8 April 2014 |website=Contracting Business}}</ref>

In 2006, Daikin Industries acquired McQuay International, a Minneapolis, Minnesota–based global corporation that designs, manufacturers and sells commercial, industrial and institutional heating, ventilation and air conditioning (HVAC) products.<ref>{{Cite news |title=Daikin Industries Acquires O.Y.L., McQuay |url=https://www.achrnews.com/articles/87465-daikin-industries-acquires-o-y-l-mcquay |access-date=2016-11-30}}</ref> In 2008, McQuay International was rebranded as Daikin-McQuay as Daikin began implementing many of its technologies (including the Daikin Inverter Compressor) and manufacturing processes into McQuay equipment and factories. However, in November 2013, the Daikin-McQuay group was again rebranded as Daikin Applied,<ref>{{Cite press release |title=Daikin McQuay Rebrands to Daikin |date=November 19, 2013 |publisher=Daikin Applied |url=http://www.daikinapplied.com/download/pr-Daikin-Rebrand.pdf |access-date=November 30, 2016 |archive-date=April 4, 2015 |archive-url=https://web.archive.org/web/20150404124317/http://www.daikinapplied.com/download/pr-Daikin-Rebrand.pdf |url-status=dead }}</ref> ending 80 years of business for the McQuay name in the United States. Meanwhile, the McQuay brand continues to be used in mainland China and Hong Kong.<ref>{{cite web |title=McQuay International |date=12 August 2021 |publisher=Daikin Industries |url=http://www.mcquay.com.hk/mcquay-international/}}</ref> In the filtration realm, Daikin acquired American Air Filter (AAF) in 2007,<ref>{{Cite news|url=https://www.cosmeticsbusiness.com/news/article_page/Daikin_to_become_leading_supplier_of_air_filters_with_acquisition_of_Nippon_Muki/52365|title=Daikin to become leading supplier of air filters with acquisition of Nippon Muki|access-date=2021-07-31|archive-date=2021-08-01|archive-url=https://web.archive.org/web/20210801022410/https://www.cosmeticsbusiness.com/news/article_page/Daikin_to_become_leading_supplier_of_air_filters_with_acquisition_of_Nippon_Muki/52365|url-status=dead}}</ref> and Flanders in 2016.<ref>{{cite web |title=Daikin acquires US filter manufacturer Flanders for US$430m |url=https://www.cleanroomtechnology.com/news/article_page/Daikin_acquires_US_filter_manufacturer_Flanders_for_US430m/115551 |access-date=31 July 2021 |website=Cleanroom Technology}}</ref> The resulting entity is known both as AAF International and AAF Flanders. In 2008, Daikin purchased a 75% share of All World Machinery Supply based in Roscoe, Illinois.<ref name=daikin20060201>{{cite news|url=https://www.daikin.com/press/2008/080218/index.html|title=Daikin acquired a hydraulic equipment distributor All World Machinery Getting down to solution business in the US end user market with their own base - News Release - Daikin Industries, Ltd.|access-date=2016-08-02|archive-date=2019-04-05|archive-url=https://web.archive.org/web/20190405120150/https://www.daikin.com/press/2008/080218/index.html|url-status=dead}}</ref> In 2009, Daikin Airconditioning Philippines was established.<ref>{{Cite news|url=http://www.daikin.com.ph/about-us/|title=Daikin About Us {{!}} Daikin Philippines|work=Daikin Philippines|access-date=2018-06-05|language=en-US|archive-date=2018-05-25|archive-url=https://web.archive.org/web/20180525020614/http://www.daikin.com.ph/about-us/|url-status=dead}}</ref>

In August 2012 Daikin agreed to acquire Goodman Global from the San Francisco–based private equity firm Hellman & Friedman for $3.7 billion,<ref name=bbc20120829>{{cite news|url=https://www.bbc.co.uk/news/business-19410382|title=Daikin to acquire US rival Goodman Global for $3.7bn |access-date=29 August 2012|work=BBC News| date=29 August 2012}}</ref> after first planning to buy Goodman the previous year. In January 2011, Daikin had announced plans to buy Goodman Global at approximately US$4 billion valuation;<ref>{{cite news|url=https://www.reuters.com/article/goodman-daikin-idCNTOE70D02L20110114/|last=Murai|first=Reiji|date=14 January 2011|newspaper=Reuters|title=Japan's Daikin eyes Goodman Global; deal could cost $4 bln|access-date=18 January 2011}}</ref> however, the plans were delayed for a year by the 2011 Tōhoku earthquake and tsunami.<ref>{{cite news |date=1 April 2011 |title=Daikin says puts efforts to buy Goodman Global on hold |url=https://www.reuters.com/article/business/daikin-says-puts-efforts-to-buy-goodman-global-on-hold-idUSTRE73008N/ |access-date=19 December 2011 |work=Reuters}}</ref>

The acquisition was expected to expand Daikin's presence in the United States and in duct-type and split-system air-conditioners, and was expected to make Daikin the world's largest maker of heating, ventilation and air-conditioning systems.<ref>{{cite news|url=https://www.reuters.com/article/goodman-daikin/update-4-daikin-buys-goodman-for-3-8-bln-gains-access-to-north-america-idUSL2E8JSDQ920120829/|title=Daikin buys Goodman for $3.8 bln, gains access to North America|last=Osada|first=Yoshiyuki|newspaper=Reuters|date=29 August 2012|access-date=29 August 2012}}</ref>{{update after|2012}}<ref>{{cite news |last=Baddour |first=Dylan |title=On outskirts of Houston, giant HVAC plant employs thousands |url=https://www.houstonchronicle.com/business/article/On-outskirts-of-Houston-giant-HVAC-plant-employs-11161770.php |archive-url=https://web.archive.org/web/20240316022639/https://www.houstonchronicle.com/business/article/On-outskirts-of-Houston-giant-HVAC-plant-employs-11161770.php |archive-date=16 March 2024 |access-date=7 August 2021 |work=Houston Chronicle |url-status=live}}</ref>

Later in 2013, they launched a split air conditioner, the Ururu Sarara FTXZ-N.<ref>{{cite web |title=FTXZ-N |url=https://www.daikin.co.uk/en_gb/products/product.html/FTXZ-N.html |access-date=8 June 2025 |website=Daikin}}</ref>

{{asof|2014|04}}, Daikin Hydraulics marketed a line of piston pumps, vane pumps, manual pumps, solenoid valves, and flow and control valves, claiming their pump technology to be 50–70 percent more energy efficient than conventional technology.

In 2017, Daikin opened the Daikin Texas Technology Park, its largest plant and the fifth largest factory in the world. Costing $417 million, this 4.1-million-square-foot facility in Waller, Texas, will consolidate Goodman's manufacturing operations.<ref>{{cite web |title=Peek inside Daikin's new $417 million manufacturing hub |url=https://www.bizjournals.com/houston/news/2017/05/24/photos-peek-inside-daikins-new-417-million.html |access-date=26 July 2018 |website=Houston Business Journal |date=24 May 2017}}</ref><ref>{{cite web |last=Everitt |first=Neil |date=25 May 2017 |title=Daikin officially opens US plant |url=https://www.coolingpost.com/world-news/daikin-officially-opens-us-plant/ |access-date=26 July 2018 |website=Cooling Post |language=en-GB}}</ref>

As of 2021, other companies representing additional Daikin brands include Motili and Quietflex.<ref>{{cite web |title=Our Brands |url=http://www.northamerica-daikin.com/company/our-brands/index.html |access-date=25 June 2023 |website=Daikin}}</ref>

On March 2, 2023, Daikin announced they had acquired the San Diego–based custom air-handling equipment manufacturer Alliance Air Products.<ref>{{cite press release|url=https://www.prnewswire.com/news-releases/daikin-applied-acquires-custom-air-handler-manufacturer-alliance-air-products-301760689.html|title=Daikin Applied Acquires Custom Air-Handler Manufacturer Alliance Air Products|publisher=Daikin Applied|date=2 March 2023|via=PR Newswire|access-date=25 June 2023}}</ref>

In 2024, Daikin bought the naming rights to Minute Maid Park, home of Major League Baseball's Houston Astros, renaming it to Daikin Park on January 1, 2025. The deal is expected to run through 2039.<ref>{{cite web |date=18 November 2024 |title=Astros' home to be Daikin Park; deal through '39 |url=https://www.espn.com/mlb/story/_/id/42465979/astros-stadium-renamed-daikin-park-2039-season |access-date=18 November 2024 |website=ESPN}}</ref>

On February 27, 2025, Daikin announced that the company will stop producing white phosphorus shells.<ref>{{cite web |title=Daikin to stop making white phosphorus shells under investor pressure |url=https://asia.nikkei.com/Spotlight/ESG/Daikin-to-stop-making-white-phosphorus-shells-under-investor-pressure2 |access-date=1 March 2025 |website=Nikkei Asia |date=27 February 2025 |last=Tsutsumi |first=Kentaro |url-access=subscription}}</ref>

In April 2026, Elliott Investment Management said it would work with Daikin to improve performance and narrow its valuation gap with peers. This led Daikin's shares to jump by as much as 13.9%.<ref>{{Cite web |last=Lee |first=Justina |date=2026-04-16 |title=Daikin shares jump 14% after activist investor Elliott pushes for reforms |url=https://www.cnbc.com/2026/04/16/daikin-shares-jump-elliott-activist-investment-valuation-gap-nikkei225.html |access-date=2026-04-26 |website=CNBC |language=en}}</ref>

===Centennial celebration=== On April 28, 2024, Daikin Philippines President Takayoshi Miki hosted Daikin's first fun run, “Daikin: Run for Clean Air 2024” at Bridgetowne with 800 runners.<ref>{{cite web |title=Daikin's centennial celebration: A milestone fun run with a purpose |url=https://www.philstar.com/lifestyle/on-the-radar/2024/05/14/2351338/daikins-centennial-celebration-milestone-fun-run-purpose |access-date=22 May 2024 |website=The Philippine Star |date=14 May 2024}}</ref> On May 21, 2024, Daikin Industries, led by President & CEO, Masanori Togawa with Chief global group officer and board chair, Noriyuk Inhoue, celebrated its centennial founding with a commemorative ceremony attended by 2,000 at The Symphony Hall to further support its "Forests for the Air" project.<ref>{{cite news |last=Everitt |first=Neil |date=21 May 2024 |title=Daikin celebrates 100 years |url=https://www.coolingpost.com/world-news/daikin-celebrates-100-years/ |access-date=22 May 2024 |newspaper=Cooling Post |language=en-GB}}</ref>

===PFAS pollution and lawsuits=== In 2005, Daikin and 3M paid $4 million in a US settlement over water contamination with perfluorinated compounds in Decatur, Alabama, the site of several chemical production facilities.<ref>{{Cite web |date=2022-03-10 |title=Despite paying for water purification system in U.S., in Japan Daikin refuses to clean up PFAS pollution (14)|url=https://en.tansajp.org/investigativejournal/7929/|access-date=2024-11-26 |publisher=Tokyo Investigative Newsroom}}</ref> In 2017 Daikin agreed to pay $5 million to the West Morgan-East Lawrence authority for an advanced water purification filter. The authority had advised residents not to drink the water in 2016 due to PFAS contamination.<ref>{{Cite web |date=2017-05-17 |title=West Morgan-East Lawrence water authority receives $5 million lawsuit settlement from Daikin |url=https://whnt.com/news/decatur/west-morgan-east-lawrence-water-authority-receives-5-million-lawsuit-settlement-from-daikin/}}</ref> In 2021 Daikin, 3M, Toray, BFI Waste Systems, and Synagro paid a $98.5 million settlement with the city of Decatur over PFAS dumping in Morgan County.<ref>{{Cite web |date=2021-10-19 |title=3M signs nearly $100 million settlement with Decatur, Morgan County and Decatur Utilities |url=https://www.waff.com/2021/10/19/city-county-reach-multi-million-dollar-settlement-with-companies/|access-date=2024-11-26 |publisher=WAFF 48}}</ref>

A 2004 study by Kyoto University Professor Akio Koizumi identified Daikin as the source of PFOA pollution in the Yodo river.<ref>{{cite journal | title = Perfluorooctanoate and perfluorooctane sulfonate concentrations in surface water in Japan | journal = Chemical & Engineering News |date=2004 | doi=10.1539/joh.46.49 | pmid = 14960830 | last1 = Saito | first1 = N. | last2 = Harada | first2 = K. | last3 = Inoue | first3 = K. | last4 = Sasaki | first4 = K. | last5 = Yoshinaga | first5 = T. | last6 = Koizumi | first6 = A. | volume = 46 | issue = 1 | pages = 49–59 | doi-access = free }}</ref><ref>{{Cite web |date=2022-03-10 |title=Despite paying for water purification system in U.S., in Japan Daikin refuses to clean up PFAS pollution (14)|url=https://en.tansajp.org/investigativejournal/7929/|access-date=2024-11-26 |publisher=Tokyo Investigative Newsroom}}</ref> In 2020 a Settsu city survey in Osaka found elevated levels of PFAS contamination in groundwater and waterways. One well used to irrigate crops was found to have levels 420 times over the national average. In 2021 blood tests of 9 residents living near Daikin's Yodogawa factory revealed elevated levels of PFAS, the highest in a 69-year old man 70 times the national average.<ref name="nhk.or">{{cite web |date=10 April 2023 |title=追跡"PFAS汚染" 暮らしに迫る化学物質 |url=https://www.nhk.or.jp/gendai/articles/4767/ |access-date=17 December 2024 |publisher=NHK |website=Close-up Gendai |language=ja}}</ref> Daikin had suspended production of PFAS-based water repellents in 2012 and stated the risks were “only possibly carcinogenic, like how pickled vegetables are” and that the water in Daikin's wastewater treatment tanks as "clean enough to drink" at a city council meeting. Daikin later issued retractions towards the "clean enough to drink" statement.<ref>{{Cite web |date=2022-02-28 |title=Daikin dismissed scientific findings, local fears over PFOA pollution in meeting with Settsu City Council members (12)|url=https://en.tansajp.org/investigativejournal/7919/|access-date=2024-11-26 |publisher=Tokyo Investigative Newsroom}}</ref> Production and export of perfluorinated compounds in Japan have been banned since 2021.<ref>{{cite web |date=10 April 2024 |title=大阪のPFAS汚染で「1000人血液検査」の中間発表。汚染の広がりが明らかに |url=https://news.yahoo.co.jp/expert/articles/a61265071c3a44b88f51fb4393fcc5023524ecda |access-date=17 December 2024 |publisher=Yahoo News Japan |author=幸田泉 |language=ja}}</ref>

==Business divisions and products== Daikin is organised into the following divisions, offering the following products:<ref name=DCD/><ref>{{cite web |url=http://www.daikin.com/investor/library/pdf/2013/ar_13.pdf |title=Annual Report 2013 |access-date=July 24, 2014 |archive-url=https://web.archive.org/web/20150404004432/http://www.daikin.com/investor/library/pdf/2013/ar_13.pdf |archive-date=April 4, 2015 |url-status=dead }}</ref> * Air conditioning **Residential air conditioners **Residential air purifiers **Commercial-use air conditioners **Commercial-use air purifiers **Humidity-adjusting external air-processing units **Large-sized chillers **Marine container refrigeration units **Marine vessel air conditioners * Chemicals **Fluorocarbons **Fluoroplastics **Fluoro coatings **Fluoroelastomers **Fluorinated oils **Oil- and water-repellent products **Mold release agents **Pharmaceuticals and intermediates **Semiconductor-etching products **Dry air suppliers * Air filtration *Oil hydraulics **Industrial hydraulic equipment and systems **Mobile hydraulic equipment **Centralized lubrication equipment and systems *Medical equipment **Rebreathers and similar equipment **Home-use oxygen therapy equipment * Electronics business **System management of product development process **Facility design CAD software **Molecular chemistry software

==Daikin Industries, Ltd.== In August 2016, Daikin Industries Ltd opened a fully functional headquarters in Cairo, Egypt. Daikin Cairo<ref>{{cite web |title=High-Quality Air Conditioning Solutions |url=https://www.daikinmea.com/en_us/customers.html |access-date=23 January 2017 |website=Daikin AC MEA}}</ref> is yet another move for the company to establish business in Africa. Plans are underway to open more headquarters.

==References== {{Reflist|30em}}

==External links== {{Commonscat}} {{Portal bar|Japan|Engineering|Companies}} * {{Official website|https://www.daikin.com/}} * {{cite web |url=https://www.nccjapan.net/shashiwiki/index.php?title=Daikin_Kogyo |title=Company history books (Shashi) |publisher=Shashi Interest Group |date=April 2016}} Wiki collection of bibliographic works on Daikin

Category:Daikin Category:Conglomerate companies of Japan Category:Defense companies of Japan Category:Electronics companies of Japan Category:Heating, ventilation, and air conditioning companies Category:Medical technology companies of Japan Category:Conglomerate companies established in 1924 Category:Manufacturing companies established in 1924 Category:Japanese companies established in 1924 Category:Japanese brands Category:Companies listed on the Osaka Exchange Category:Companies listed on the Tokyo Stock Exchange Category:Companies in the Nikkei 225