# Daikin and Toyota Tsusho NEXTY Electronics establish software JV in Thailand

Daikin Industries (Thailand) Ltd. and Toyota Tsusho NEXTY Electronics (Thailand) Co., Ltd. established a joint venture, Daikin Toyota Tsusho Electronics (Thailand) Co., Ltd., in Bangkok to develop embedded software for air conditioning equipment. The JV has a registered capital of 40 million Thai Baht, with Daikin holding 51% and Toyota Tsusho 49%.

- Type: Partnership
- Announced: 2026-04-27
- Where: Bangkok, Thailand
- Value: $1.10M (40.0M THB)
- Status: completed
- Products: embedded software for air conditioning
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Daikin Industries (Thailand) Ltd.](https://endata.com/companies/92083.md) (partner)
- [Toyota Tsusho NEXTY Electronics (Thailand) Co., Ltd.](https://endata.com/companies/92084.md) (partner)

## Sources

- [aseanhvacexpo.com](https://www.aseanhvacexpo.com/article/show_article.php?id=730), 2026-05-22: "The JV will be dedicated to developing embedded software for the air conditioning equipment designed and manufactured by DIT."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.