Daido Metal : Notice Regarding Revision of Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022
February 10, 2022 at 10:59 am IST
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Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
February 10, 2022
Daido Metal Co., Ltd.
Seigo Hanji
Chairman and Chief Executive Officer (Code) 7245 TSE and NSE 1st Section (For inquiry)
Hiroki Iwakura Executive Officer
Head of Corporate Planning Division
(TEL: +81-52-205-1400)
Notice Regarding Revision of Consolidated Financial Results Forecast
for the Fiscal Year Ending March 31, 2022
In the light of recent business performance, Daido Metal Co., Ltd. (hereinafter, "the Company") has revised its consolidated financial results forecast for the fiscal year ending March 31, 2022, which was announced on May 14, 2021.
1. Revision of Consolidated Forecasts (from April 1, 2021 to March 31, 2022)
Net sales
Operating
Ordinary
Profit
Basic
profit
profit
attributable
earnings
to owners of
per share
parent
Previous forecast (A)
Million yen
Million yen
Million yen
Million yen
Yen
92,000
3,500
3,200
1,700
36.52
Revised forecast (B)
100,000
4,900
4,850
2,200
47.22
Change (B-A)
8,000
1,400
1,650
500
－
Change (%)
8.7
40.0
51.6
29.4
－
(Reference) Previous
period (year ended
84,720
1,315
874
104
2.25
March 31, 2021)
2. Reasons for the revision
The consolidated financial forecast for the fiscal year ending March 31 2022 is expected to exceed the forecast announced on May 14, 2021, as a result of the Group-wide efforts to reduce expenses, in addition to a recovery in demand that exceeded initial expectations in the automotive sector, which is the Group's core business area, as well as in the shipbuilding industry and construction machinery industry, despite the impact of production cuts caused by the resurgence of the COVID-19 infection and the global semiconductor supply shortage.
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Further, the exchange rate assumptions for the forecast are 115.02 yen to the U.S. dollar and 130.51 yen to the euro.
With respect to the dividend for the fiscal year ending March 31,2022, the annual dividend forecast of 25 yen per share (Interim dividend of 10 yen and year-end dividend of 15 yen) announced on May 14, 2021 is unchanged.
Future prospects are prepared as information purpose only, based on the information available to us at this moment, and are under certain condition which we assumed reasonable. We will not guarantee the realization of such prospects and actual performance fluctuates due to various factors.
(End of document)
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Daido Metal Co. Ltd. published this content on 10 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2022 05:28:17 UTC.
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. 
