Daido Steel Co. Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2016; Provides Dividend Guidance for the Year Ending March 31, 2016
January 29, 2016 at 03:50 pm
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Daido Steel Co. Ltd. reported consolidated earnings results for the nine months ended December 31, 2015. For the period, net sales were JPY 345,943 million against JPY 361,285 million for the same period prior year. Operating income was JPY 17,595 million against JPY 14,063 million for the same period prior year. Ordinary income was JPY 18,466 million against JPY 16,340 million for the same period prior year. Profit attributable to owners of the parent was JPY 6,564 million against JPY 9,301 million for the same period prior year. Profit attributable to owners of parent per share was JPY 15.15 against JPY 21.45 for the same period prior year.
For the year ending March 31, 2016, the company expects net sales of JPY 464,000 million, operating income of JPY 26,000 million, ordinary income of JPY 26,500 million, profit attributable to owners of parent of JPY 14,000 million, and profit attributable to owners of parent per share of JPY 32.31.
For the year ending March 31, 2016, the company expects year end dividend of JPY 5.00 per share against JPY 3.50 per share announced a year ago.
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. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2016; Provides Dividend Guidance for the Year Ending March 31, 2016