Daido Metal Co., Ltd. Revises Consolidated Earnings Guidance for the Year Ending March 31, 2023
November 09, 2022 at 11:00 pm EST
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Daido Metal Co., Ltd. revised consolidated earnings guidance for the year ending March 31, 2023. For the year, the company revised net sales to be in the range of JPY 110,000 million, operating profit to be JPY 1,800 million, ordinary profit to be JPY 2,000 million, loss attributable to owners of parent to be JPY 2,100 million, basic loss per share to be JPY 44.82 against previous guidance of net sales to be in the range of JPY 108,000 million, operating profit to be JPY 2,800 million, ordinary profit to be JPY 2,700 million, profit attributable to owners of parent to be JPY 300 million, 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. 
