Daido Metal Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2019; Declares Dividend for the Year Ended March 31, 2019, Payable on June 28, 2019; Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal 2020; Provides Earnings Guidance for the Second Quarter of Fiscal 2020
May 10, 2019 at 05:00 am
Share
Daido Metal Co., Ltd. reported consolidated and non-consolidated earnings results for the full year ended March 31, 2019. For the year, on consolidated basis, Net sales were JPY 107,718 million against JPY 106,648 million reported a year ago. Operating profit were JPY 6,944 million against JPY 6,511 million reported a year ago. Profit were JPY 3,783 million against JPY 2,398 million reported a year ago. Basic earnings per share was JPY 103.44 against JPY 82.42 reported a year ago.
For the year, on non- consolidated Net sales were JPY 67,732 million against JPY 66,413 million reported a year ago. Operating profit were JPY 2,390 million against JPY 1,851 million reported a year ago. Net income were JPY 3,783 million against JPY 2,398 million reported a year ago. Basic earnings per share was JPY 85.73 against JPY 60.24 reported a year ago.
For the Six months ending September 30, 2019, the company expects Net sales of JPY 53,000 million, Operating profit of JPY 2,900 million, Profit attributable to owners of parent of JPY 1,600 million or Basic earnings per share of JPY 33.67.
For the full year ended March 31, 2019, the company declared dividend, JPY 15.00 against JPY 15.00 a year ago, payable on June 28, 2019.
For the half year of fiscal 2020, the company expects to pay JPY 20.00 per share against JPY 15.00 a year ago.
For the full year of fiscal 2020, the company expects to pay JPY 15.00 per share against JPY 15.00 a year ago.
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 and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2019; Declares Dividend for the Year Ended March 31, 2019, Payable on June 28, 2019; Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal 2020; Provides Earnings Guidance for the Second Quarter of Fiscal 2020
DAIDO METAL CO., LTD. 
