Daido Metal Co., Ltd. Revises Earnings Guidance for the First Half Ending September 30, 2021
August 05, 2021 at 01:00 am EDT
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Daido Metal Co., Ltd. revised earnings guidance for the first half ending September 30, 2021. For the first half, the company expects net sales of JPY 50,000 million against previous guidance of JPY 45,500 million. Operating profit is expected to be JPY 2,200 million against previous guidance of JPY 1,750 million. Profit attributable to owners of parent is expected to be JPY 850 million against previous guidance of JPY 700 million. Basic earnings per share is expected to be JPY 18.27 against previous guidance of JPY 15.05.
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. 
