Daido Steel Co., Ltd. Provides Earnings and Sales Targets for the Final Year of the Medium-Term Plan Ending in Fiscal 2023
June 24, 2021 at 10:00 pm
Share
Daido Steel Co., Ltd. provided earnings and sales targets for the final year of the medium-term plan ending in fiscal 2023 and for 2021. The company aims for operating income of JPY 40 billion or higher.
The company aims for steel sales of 1.2 million tons compared to 978,000 tons.
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. 
