Daido Steel Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024
January 31, 2024 at 01:30 am EST
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Daido Steel Co., Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the full year, the company expected net sales to be JPY 600,000 million, operating income to be JPY 47,000 million, profit attributable to owners of parent to be JPY 32,000 million and basic earnings per share to be JPY 150.14.
Daido Steel Co., Ltd. is a steel manufacturing company operating in five business segments. The Specialty Steel segment is engaged in the manufacture, inspection and sale of specialty steel and secondary products, as well as the procurement of materials. The Functional and Magnetic Materials segment offers functional and electronic materials, high-alloyed products and rare-earth magnetic products. The Automobile and Industrial Machinery Parts segment mainly offers shaped forgings, precision hot forgings, open die forgings and steel machinery products for trucks, compression equipment, hydraulic equipment and machine tool parts. The Engineering segment offers steel equipment, environmental equipment and others. The Distribution and Services segment is engaged in the real estate business, the insurance businesses, the operation of golf courses and hotels, as well as the sale of information systems.
DAIDO STEEL CO., LTD. 
