Daido Metal Co., Ltd. Provides Second Quarter-End Dividend Guidance for the Fiscal Year Ending March 31, 2024
August 10, 2023 at 01:00 am EDT
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Daido Metal Co., Ltd. provided second quarter-end dividend guidance for the fiscal year ending March 31, 2024. For the second quarter-end, the company expects to pay dividend of JPY 2.00 per share against JPY 10.00 per share paid for the same period a year ago.
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. 
