Daido Metal Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023
February 09, 2023 at 12:00 am EST
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Daido Metal Co., Ltd. revised consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects revised net sales of JPY 110,000 million, operating profit of JPY 1,800 million, loss attributable to owners of parent of JPY 3,100 million and basic loss per share of JPY 66.11 compared to previously expected net sales of JPY 110,000 million, operating profit of JPY 1,800 million, loss attributable to owners of parent of JPY 2,100 million and basic loss per share of JPY 44.82.
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. 
