trending Market Intelligence /marketintelligence/en/news-insights/trending/J9P59MAZVwGztBUlZeQiRg2 content esgSubNav
In This List

Daido Metal fiscal Q1 profit climbs YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Daido Metal fiscal Q1 profit climbs YOY

Daido Metal Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥24.41 per share, compared with ¥24.20 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥972.3 million, compared with ¥963.8 million in the prior-year period.

The normalized profit margin declined to 4.9% from 5.4% in the year-earlier period.

Total revenue grew 12.3% year over year to ¥19.92 billion from ¥17.74 billion, and total operating expenses grew 13.0% from the prior-year period to ¥17.91 billion from ¥15.86 billion.

Reported net income decreased 20.7% on an annual basis to ¥1.07 billion, or ¥26.77 per share, from ¥1.34 billion, or ¥33.74 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.