Daido Metal Co., Ltd. Revises the Consolidated Financial Forecast for the Full Fiscal Year Ending March 31, 2024
November 08, 2023 at 11:00 pm EST
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Daido Metal Co., Ltd. revised the consolidated financial forecast for the full fiscal year ending March 31, 2024. For the full year, the company expects net sales to be JPY 128,000 million against previous guidance of ¥124,000 million, operating profit to be JPY 4,700 million against previous guidance of JPY 3,700 million, profit attributable to owners of parent to be JPY 1,200 million and basic earnings per share to be JPY 25.46 against previous guidance of profit attributable to owners of parent to be JPY 600 million and basic earnings per share to be JPY 12.730.
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. 
