Daikin Slumps After Cutting Outlook On US Tariff Pressure

A worker assembles a Daikin Industries Ltd. split type air conditioner on the production line in Kusatsu, Shiga, Japan. — A worker assembles a Daikin Industries Ltd. split type air conditioner on the production line in Kusatsu, Shiga, Japan.
Photographer: Buddhika Weerasinghe/Bloomberg

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By Kanoko Matsuyama

February 5, 2026 at 12:54 AM UTC

Updated on

February 5, 2026 at 2:51 AM UTC

Daikin Industries Ltd. dropped the most in 18 months after cutting its annual profit guidance as uncertainty over US tariffs weighs on demand, making the company the latest to be impacted by Washington’s trade policies.

The stock slid as much as 8.4% Thursday in Tokyo, the largest intraday fall since August 2024.