Daido Steel Co., Ltd. Provides Dividend Guidance for the Second Quarter-End of Fiscal Year Ending March 31, 2025
June 26, 2024 at 02:00 am
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Daido Steel Co., Ltd. provided dividend guidance for the second quarter-end of fiscal year ending March 31, 2025. For the quarter, the company expects to pay dividend of JPY 21.00 per share compared to JPY 100.00 per share a year ago. A 5-for-1 common stock split was conducted with an effective date of January 1, 2024.
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. 
