Daido Steel Co., Ltd. Provides Earnings Guidance for the First Half of Fiscal Year 2022 and Full Year Ending March 31, 2022
April 30, 2021 at 07:00 am
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Daido Steel Co., Ltd. provided earnings guidance for the first half of fiscal year 2022 and full year ending March 31, 2022. For the first half of fiscal year 2022, the company expects net sales of JPY 255,000 million, operating income of JPY 18,000 million, profit attributable to owners of parent of JPY 11,500 million or JPY 269.78 per share.
For the full year ending March 31, 2022, the company expects net sales of JPY 500,000 million, operating income of JPY 35,000 million, profit attributable to owners of parent of JPY 23,500 million or JPY 551.29 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. 
