Daido Metal Co., Ltd. Provides Consolidated Earnings Forecast for the Six Months Ending September 30, 2022 and Full Year Ending March 31, 2023
August 10, 2022 at 01:00 am EDT
Share
Daido Metal Co., Ltd. provided consolidated earnings forecast for the six months ending September 30, 2022 and full year ending March 31, 2023. For the six months, company expects Net sales to be JPY 52,500 million, Operating profit to be JPY 1,050 million, Profit attributable to owners of parent to be JPY 30 million and basic earnings per share to be JPY 0.64.
For the year, company expects Net sales to be JPY 108,000 million, Operating profit to be JPY 2,800 million, Profit attributable to owners of parent to be JPY 300 million and basic earnings per share to be JPY 6.41.
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. 
