Daido Metal Co., Ltd. Announces Dividend for the Year Ended March 31, 2022, Payable on June 30, 2022; Provides Dividend Guidance for the Second Quarter and Year Ending March 31, 2023
May 13, 2022 at 12:00 am EDT
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Daido Metal Co., Ltd. announced dividend of JPY 15.00 for the year ended March 31, 2022 against JPY 10.00 per share paid for the same period a year ago. Scheduled start date of dividend payments is June 30, 2022.
The company provided dividend guidance for the second quarter and year ending March 31, 2023. For the quarter, the company expects dividend of JPY 10.00 per share.
For the year, the company expects dividend of JPY 15.00 per share.
Daido Metal Co., Ltd. is a Japan-based company engaged in the manufacture and sale of bearings. The Company operates primarily in four business segments. The Automobile Engine Bearing segment and Automobile Bearing (Except Engine) segment are involved in the manufacture and sale of bearings for automobile engines, as well as bearings for shock absorbers, pump bushes for power steering, bearings for turbo chargers, bearings for balancer mechanisms. The Non-Automobile Bearing segment offers engine bearings for ships and construction machineries, water turbines for hydroelectric power generation, turbines for power generation, compressors, speed increasing and decreasing bearings and others. The Parts of Non-Automotive Bearings provides parts, including bending pipes, knock pins and NC cutting products. The others provides real estate leasing business, metallic non-lubricated bearing business and pump related products business.
Daido Metal Co., Ltd. Announces Dividend for the Year Ended March 31, 2022, Payable on June 30, 2022; Provides Dividend Guidance for the Second Quarter and Year Ending March 31, 2023
DAIDO METAL CO., LTD. 
