Notice Regarding Differences between Consolidated Financial Forecasts and Actual Results for the first half of the fiscal year ending March 31, 2022
November 12, 2021 at 09:47 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.
November 12, 2021
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 Differences between Consolidated Financial Forecasts and Actual Results for the first half of the fiscal year ending March 31, 2022
Daido Metal Co., Ltd. (the Company) hereby informs you that there were differences between the forecasts for the first half of the fiscal year ending March 31, 2022, which had been announced on August 5, 2021 and the actual results disclosed today.
1. 1. Differences between Consolidated Forecasts and Results (from April 1, 2021 to September 30, 2021)
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
50,000
2,200
2,100
850
18.27
Actual results (B)
50,315
2,677
2,602
1,188
25.53
Difference (B-A)
315
477
502
338
－
Difference (%)
0.6
21.7
23.9
39.9
－
(For reference)
Previous period
36,349
(2,555)
(2,875)
(2,549)
(55.12)
(6 months ended
September 30, 2020)
2. Reasons for the difference
The consolidated financial forecasts for the first half of the fiscal year ending March 31, 2022 had been announced based on the assumption of a severe environment due to the impact of COVID-19, but as a result of the recovery in demand and the Group-wide efforts to reduce expenses, both net sales and profits exceeded the previous forecasts.
1
With respect to the consolidated business forecast for the fiscal year ending March 31, 2022, the Company has decided to keep the forecasts which was announced on May 14, 2021 unchanged, given the still uncertain outlook for the future due to the COVID-19 impact, the global semiconductor supply shortage and raw material price increase.
Should any fact arise that has a significant impact on the Group's performance and revision of the forecast become necessary, the Company will make such announcement promptly.
(End of document)
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Daido Metal Co. Ltd. published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 04:16:10 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. 
