Daido Steel Co., Ltd. Provides Earnings Guidance for the First Half of Fiscal Year Ending March 31, 2021
July 28, 2020 at 08:00 am
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Daido Steel Co., Ltd. provided earnings guidance for the first half of fiscal year ending March 31, 2021. The company expects sales of ¥170,000 million, operating loss of ¥7,000 million, loss attributable to owners of parent of ¥3,000 million, basic loss per share of ¥70.38 for the first half of fiscal year ending March 31, 2021.
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. 
