Daido Metal Co., Ltd. Provides Earnings Guidance for Fiscal Year 2020 and 2023
May 11, 2018 at 05:00 am
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Daido Metal Co., Ltd. provided earnings guidance for fiscal year 2020 and 2023. For fiscal year 2020, the company expects sales of JPY 120 billion, operating profit of JPY 10 billion, operating margin of 8.3%, CAPEX of JPY 10.1 billion, EBITDA of JPY 19.3 billion, depreciation of JPY 9.3 billion and ROE was 9.5%.
For fiscal year 2023, the company expects sales of JPY 140 billion, operating profit of JPY 14 billion, operating margin of 10.0%, CAPEX of JPY 10.0 billion, EBITDA of JPY 24.1 billion, depreciation of JPY 10.1 billion and ROE was 10.0%.
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. 
