Daido Steel Co., Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2021
January 29, 2021 at 07:10 am
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Daido Steel Co., Ltd. provided consolidated earnings guidance for the full year ending March 31, 2021. For the full year, the company expects to report net sales of JPY 400,000 million, operating income of JPY 6,000 million, and profit attributable to owners of parent company of JPY 3,500 million or JPY 82.11 per share.
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. 
