Daido Metal Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2022 and Full Year Ending March 31, 2023
May 13, 2022 at 12:00 am EDT
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Daido Metal Co., Ltd. provided consolidated earnings guidance for the six months ending September 30, 2022 and full year ending March 31, 2023. For the six months ending September 30, 2022, the company expects the company expects net sales of JPY 52,500 million, operating profit of JPY 1,550 million and profit attributable to owners of parent of JPY 750 million or JPY 16.03 per basic share.
For the year ending March 31, 2023, the company expects the company expects net sales of JPY 108,000 million, operating profit of JPY 3,500 million and profit attributable to owners of parent of JPY 1,700 million or JPY 36.34 per basic 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. 
