Daido Metal Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2020
November 11, 2020 at 11:00 pm
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Daido Metal Co., Ltd. announced consolidated earnings results for the second quarter of fiscal year 2020. For the quarter, the company reported net sales of JPY 36,349 million against JPY 50,701 million a year ago. Operating loss was JPY 2,555 million against operating profit of JPY 2,335 million a year ago. Ordinary loss was JPY 2,875 million against ordinary profit of JPY 2,180 million a year ago. Loss was JPY 2,603 million against Profit of JPY 1,188 million a year ago. Basic loss per share was JPY 55.12 against earnings of JPY 19.49 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. 
