Daido Steel Co., Ltd. Provides Consolidated Financial Guidance for the Fiscal Year Ending March 31, 2023
January 30, 2023 at 08:00 am
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Daido Steel Co., Ltd. provided consolidated financial guidance for the fiscal year ending March 31, 2023. For the period, the company expects net sales to be JPY 570,000 million, operating income to be 45,000 million, profit attributable to owners of parent to be JPY 34,000 million and profit attributable to owners of parent per share to be JPY 797.63.
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. 
