Daido Steel Co., Ltd. Announces Earnings Results for the Three Months Ended June 30, 2021
July 28, 2021 at 12:00 am
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Daido Steel Co., Ltd. announced earnings results for the three months ended June 30, 2021. For the three months, the company reported Net sales of JPY 131,239 Million compared to JPY 88,789 Million. Operating income was JPY 10,505 Million compared to Operating loss of JPY 2,431 Million a year ago. Profit attributable to owners of parent was JPY 7,628 Million compared to loss attributable to owners of parent of JPY 1,553 Million a year ago. Profit attributable to owners of parent per share was JPY 178.95 compared to loss attributable to owners of parent per share of JPY 36.45 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. 
