Daido Metal Co., Ltd. Revised Dividend Guidance for the Fiscal Year Ended March 31, 2024
May 14, 2024 at 09:30 am IST
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Daido Metal Co., Ltd. announced that it has revised its year-end dividend forecast for the fiscal year ended March 31, 2024. For the period, the company expects dividend of JPY 13.00 per share compared to previously expected dividend of JPY 8.00 per share.
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. 
