Daido Metal Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019
February 13, 2019 at 05:00 am
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Daido Metal Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2018. For the nine months, the company reported net sales of ¥82,173 million against ¥78,329 million a year ago. Operating profit was ¥5,589 million against ¥4,613 million a year ago. Basic earnings per share was ¥74.47 against ¥58.93 a year ago. Profit was ¥3,753 million against ¥2,910 million a year ago.
For the year ending March 31, 2019, the company expects net sales of ¥107,000 million, operating profit of ¥6,700 million, profit attributable to owners of parent of ¥4,700 million or ¥106.50 per basic share.
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. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019
DAIDO METAL CO., LTD. 
