Daido Metal Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2020
August 07, 2020 at 01:00 am
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Daido Metal Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2020. For the quarter, the company reported net sales of JPY 18,870 million compared to JPY 25,482 million a year ago. Operating loss was JPY 1,054 million compared to profit of JPY 1,144 million a year ago. Loss was JPY 1,110 million or JPY 24.93 per basic share compared to profit of JPY 604 million or JPY 10.48 per basic share a year ago.
Daido Metal Co., Ltd. is a Japan-based company engaged in the manufacture and sale of bearings. The Company operates primarily in four business segments. The Automobile Engine Bearing segment and Automobile Bearing (Except Engine) segment are involved in the manufacture and sale of bearings for automobile engines, as well as bearings for shock absorbers, pump bushes for power steering, bearings for turbo chargers, bearings for balancer mechanisms. The Non-Automobile Bearing segment offers engine bearings for ships and construction machineries, water turbines for hydroelectric power generation, turbines for power generation, compressors, speed increasing and decreasing bearings and others. The Parts of Non-Automotive Bearings provides parts, including bending pipes, knock pins and NC cutting products. The others provides real estate leasing business, metallic non-lubricated bearing business and pump related products business.
DAIDO METAL CO., LTD. 
