Daido Kogyo Co., Ltd. Reports Earnings Results for the Full Year Ended March 31, 2023
May 12, 2023 at 02:00 am EDT
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Daido Kogyo Co., Ltd. reported earnings results for the full year ended March 31, 2023. For the full year, the company reported sales was JPY 55,054 million. Net loss was JPY 257 million.
Basic loss per share from continuing operations was JPY 23.88.
DAIDO KOGYO CO., LTD. is a machinery manufacturing company. Along with its subsidiaries and associated companies, the Company is engaged in the manufacture and sale of power transmission and transportation-related products, such as chains and conveyers; rim and wheel-related products, such as rims, wheels, spokes and bolts; the Other products, such as welfare equipment and office machinery in Japan, China, Indonesia, Thailand, Vietnam, India, the United States, Brazil and Italy. Through its subsidiaries, the Company is also engaged in the processing and sale of steels, the purchase of related materials, the sale of chains, the provision of welfare services, as well as the repair and maintenance of facilities, among others.