Daido Steel Co. Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2014; Provides Year End Dividend Guidance for the Year Ending March 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2015
January 29, 2015 at 10:00 am
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Daido Steel Co. Ltd. provided year end dividend Guidance for the year ending March 31, 2015. For the period, the company expected dividend of JPY 3.50 per share compared to JPY 2.50 per share for the same period a year ago.
The company announced consolidated earnings results for the nine months ended December 31, 2014. For the quarter, the company reported net sales of JPY 361,285 million against JPY 335,945 million a year ago. Operating income was JPY 14,063 million against JPY 14,778 million a year ago. Ordinary income was JPY 16,340 million against JPY 15,988 million a year ago. Net income was JPY 9,301 million or JPY 21.45 per share against JPY 9,818 million or JPY 22.64 per share a year ago.
For the year ending March 31, 2015, on consolidated basis, the company expected net sales of JPY 490,000 million, operating income of JPY 20,000 million, ordinary income of JPY 22,000 million and net income of JPY 10,000 million or JPY 23.06 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. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2014; Provides Year End Dividend Guidance for the Year Ending March 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2015