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Daido Metal Exceeds Sales Forecasts Amid Tax Challenges
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Daido Metal Exceeds Sales Forecasts Amid Tax Challenges

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

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Daido Metal Co., Ltd. reported that its net sales and profits for the first half of the fiscal year surpassed initial forecasts, driven by strong demand in the North American automotive sector and cost improvements. However, net income fell short due to tax-related issues at overseas subsidiaries and delayed tax refunds.

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