Daikin has announced a three-year medium-term management plan from 2023 to 2025.
The total investment of $86 billion will be broken down into capital expenditure of $57 billion and research and development investment of $29 billion. The company expects revenue of $32.6 billion and operating profit of $3.6 billion in fiscal 2025, with an annual growth rate of 7%.
As a particularly important strategy, Daikin positions India as a major base. In line with the growing demand for room air conditioners, we are considering setting up a factory in the western part of the country in addition to the Sri City factory, which is already under construction.
Daikin President Masanori Sogo said at a press conference, “We can secure a production capacity of 3 million units at the Sri City plant, but we think we need a capacity of 5 million units.” He also said, “Although it is not included in the investment amount, we would like to actively conduct M&A (mergers and acquisitions) to enhance the lacking functions such as sales and service networks.”
more info:https://www.daikin.co.jp/press/2023/20230531