Notice Regarding Lawsuits in the United States | May 14, 2026

Overview of the Lawsuits

Daikin Industries, Ltd. announced that it is involved in four class-action lawsuits in the United States concerning price increases of HVAC products. The plaintiffs are consumers and companies in the U.S. who purchased HVAC products since 2020, alleging that the defendant companies conspired to unjustly inflate prices. The lawsuits have been filed in the U.S. District Court for the Eastern District of Michigan, and the contents of the complaint and the claimed amounts are not disclosed. Daikin states that it will carefully review the complaints and respond appropriately after receipt of formal service. The outcome and impact of the lawsuits are yet to be determined, and close attention should be paid to future disclosures.

Future Outlook and Impact

Daikin will examine the contents of the lawsuit after formal delivery of the complaint and respond appropriately. There is also a possibility that similar lawsuits may be filed in the future. At present, it is difficult to reasonably predict the impact on business performance due to the outcome or progress of the lawsuits; if any impact becomes clear, it will be disclosed promptly. The progress of the lawsuits could influence future management strategies and financial conditions, so investors should monitor developments closely.