Daido Metal Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending March 31, 2022
November 11, 2021 at 11:00 pm EST
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Daido Metal Co., Ltd. provided earnings guidance for the fiscal year ending March 31, 2022. For the year, the company expects net sales of ?92,000 million, operating profit of ?3,500 million, profit attributable to owners of parent of ?1,700 million and basic earnings per share of ?36.52.
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. 
