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Daido Steel Co Ltd (5471.T)

5471.T on Tokyo Stock Exchange

517JPY
21 Apr 2017
Change (% chg)

¥11 (+2.17%)
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¥506
Open
¥517
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¥521
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¥511
Volume
1,510,000
Avg. Vol
1,416,582
52-wk High
¥587
52-wk Low
¥330

Latest Key Developments (Source: Significant Developments)

Daido Steel announces merger between units
Friday, 26 Aug 2016 03:08am EDT 

Daido Steel Co Ltd <5471.T>: Says its wholly owned unit DAIDO ELECTRONICS CO.,LTD. will undertake the merger with another wholly owned unit Intermetallics Japan Corporation . Says effective date on Jan. 1, 2017 .Says Intermetallics Japan Corporation will be dissolved after the merger.  Full Article

R&I affirms Daido Steel Co Ltd's rating at "A-" and announces stable outlook -R&I
Wednesday, 24 Aug 2016 02:00am EDT 

Daido Steel Co Ltd <5471.T> : Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A-" -R&I .Rating outlook stable -R&I.  Full Article

Daido Steel buys back 10 mln shares at totally about 4 bln yen
Tuesday, 23 Aug 2016 02:50am EDT 

Daido Steel Co Ltd <5471.T>: Says it repurchases 10 million shares at about 4 billion yen in total as of Aug. 19 .Says previous release disclosed on May 31.  Full Article

Daido Steel to fully acquire unit DAIDO KOGYO.,inc. via stock swap
Tuesday, 31 May 2016 03:18am EDT 

Daido Steel Co Ltd <5471.T>: Says the company will fully acquire unit DAIDO KOGYO.,inc. through stock swap, effective Oct. 1 .Says further details remains to be determined.  Full Article

Daido Steel to repurchase 10 mln shares for 5 bln yen
Tuesday, 31 May 2016 02:23am EDT 

Daido Steel Co Ltd <5471.T>: Says it will repurchase up to 10 million shares of its common stock, representing a 2.3 percent stake from June 1 to Aug. 19 .Share repurchase price is up to 5 billion yen in total.  Full Article

Daido Steel lowers consolidated full-year outlook and amends year-end dividend forecast for FY 2016
Wednesday, 30 Mar 2016 02:00am EDT 

Daido Steel Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 457,000 million yen from 464,000 million yen for FY ending March 2016.Sees a decrease of operating profit forecast to 23,500 million yen from 26,000 million yen.Sees a decrease of ordinary profit forecast to 24,500 million yen from 26,500 million yen.Sees a decrease of net profit forecast to 6,000 million yen from 14,000 million yen.Sees a decrease of earnings per share to 13.89 yen from 32.28 yen.Says extraordinary loss is the main reason.Lowered year-end dividend forecast to 2.5 yen per share from 5 yen per share for FY ending March 2016.  Full Article

Daido Steel announces change of president and chairman
Wednesday, 16 Mar 2016 02:00am EDT 

Daido Steel Co Ltd:Appoints Takeshi Ishiguro as new president to succeed Tadashi Shimao.Appoints Tadashi Shimao as new chairman of the board.Effective in late June.  Full Article

R&I affirms Daido Steel Co Ltd's rating at "A-" and announces stable outlook
Thursday, 12 Nov 2015 01:00am EST 

Daido Steel Co Ltd:R&I affirms Daido Steel Co Ltd's rating at "A-" and announces stable outlook.  Full Article

Daido Steel lowers consolidated full-year outlook for FY 2016
Friday, 30 Oct 2015 12:20am EDT 

Daido Steel Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 464,000 mln yen from 500,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 26,000 mln yen from 27,000 mln yen.Sees a decrease of ordinary profit forecast to 26,500 mln yen from 29,000 mln yen.Sees a decrease of net profit forecast to 14,000 mln yen from 19,000 mln yen.Sees a decrease of earnings per share to 32.28 yen from 43.81 yen.Comments the new order condition and change of raw material price are the main reasons for the forecast.  Full Article

Daido Steel expects extraordinary loss for Q2 of FY 2016; lowers consolidated mid-year outlook for FY 2016
Wednesday, 30 Sep 2015 02:00am EDT 

Daido Steel Co Ltd:Says it expects an extraordinary loss of 5,600 million yen recorded as loss on withdraw of software development for Q2 of the fiscal year ending March 31, 2016.Says the company lowered the consolidated mid-year outlook for revenue to 232,000 mln yen from 242,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 9,500 mln yen from 11,000 mln yen.Sees a decrease of ordinary profit forecast to 10,500 mln yen from 12,000 mln yen.Sees a decrease of net profit forecast to 1,500 mln yen from 7,500 mln yen.Sees a decrease of earnings per share to 3.46 yen from 17.29 yen.Comments the decreased sale volume of core products and extraordinary loss are the main reasons for the forecast.  Full Article

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