Daido Metal Co., Ltd. Provides Earning Guidance for the Year Ending March 31, 2022
February 10, 2022 at 12:10 am EST
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Daido Metal Co., Ltd. provided earning guidance for the year ending March 31, 2022. For the period, the company expects net sales of JPY 100,000 million, operating profit of JPY 4,900 million, ordinary profit of JPY 4,850 million, profit attributable to owners of parent JPY 2,200 million and basic earnings per share JPY 47.22.
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. 
