Daido Steel Co. Releases Fiscal Year Financials
Company Announcements

Daido Steel Co. Releases Fiscal Year Financials

Daido Steel Co (JP:5471) has released an update.

Daido Steel Co., Ltd. reports a slight decrease in revenue and a more significant drop in profits for the fiscal year ended March 31, 2024, with a total comprehensive income rising sharply by 63.5%. The company’s financial position shows an increase in total assets and equity, with the equity ratio improving to 53.1%. Looking ahead, Daido Steel forecasts a revenue growth of 3.7% and profit increases for the next fiscal year.

For further insights into JP:5471 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Japan Auto-Generated NewsdeskDaido Steel Reports Mixed Financial Results for 2024
TipRanks Japan Auto-Generated NewsdeskDaido Steel Co. Enhances Outreach to Global Investors
TipRanks Japan Auto-Generated NewsdeskDaido Steel Co. Records Profit and Revenue Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App