Daido Steel Co., Ltd. Provides Dividend 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 dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expected to pay dividend of JPY 26.00 per share as compared to paid dividend of JPY 130.00 per share a year ago. A 5-for-1 common stock split for ordinary shares of the company was conducted with an effective date of January 1, 2024.
Based on the number of shares prior to the stock split, the (forecast) year-end dividend for the fiscal year March 31,2024 is ¥130.00 for a full-year dividend of ¥230.00 per share.
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. 
