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.

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