Daido Steel Co., Ltd. Reports Earnings Results for the Half Year Ended September 30, 2023
October 29, 2023 at 10:40 pm EDT
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Daido Steel Co., Ltd. reported earnings results for the half year ended September 30, 2023. For the half year, the company reported sales was JPY 288,594 million. Net income was JPY 11,465 million.
Basic earnings per share from continuing operations was JPY 53.798.
Daido Steel Co., Ltd. is a steel manufacturing company operating in five business segments. The Specialty Steel segment is engaged in the manufacture, inspection and sale of specialty steel and secondary products, as well as the procurement of materials. The Functional and Magnetic Materials segment offers functional and electronic materials, high-alloyed products and rare-earth magnetic products. The Automobile and Industrial Machinery Parts segment mainly offers shaped forgings, precision hot forgings, open die forgings and steel machinery products for trucks, compression equipment, hydraulic equipment and machine tool parts. The Engineering segment offers steel equipment, environmental equipment and others. The Distribution and Services segment is engaged in the real estate business, the insurance businesses, the operation of golf courses and hotels, as well as the sale of information systems.
DAIDO STEEL CO., LTD. 
