Daido Metal Posts Strong Q1 Growth Amidst Conservative Full-Year Outlook

Daido Metal Co., Ltd. (JP:7245) has released an update.

Daido Metal Co., Ltd. has reported a robust performance for the first quarter ended June 30, 2024, with substantial year-over-year growth in net sales, operating profit, ordinary profit, and profit attributable to owners of the parent. Notably, the company’s profit attributable to owners saw an impressive increase of 175.2%, and basic earnings per share rose from 3.60 yen to 9.91 yen. Despite the positive quarterly results, the full-year forecast anticipates a slight downturn in operating profit and ordinary profit.

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