Daido Steel Co. Ltd.

Company Overview

Daido Steel Co. Ltd. produces and sells specialty steel goods utilized in automobiles, electronics and construction industries. The company also offers engineering solutions for industrial furnaces and waste disposal facilities and engages in the development of diverse alloy metals.

Daido Steel operates primarily across three segments. The special steel division manufactures and supplies specialty steel used in automotive components, industrial machinery, electrical machinery, construction and tool steel. The high-performance materials and magnetic materials division manufactures and markets stainless steel, nickel-based alloys, electrical and electronic components, magnetic materials, alloy powder, titanium products and welding wire. The automobile and industrial equipment parts segment focuses on forging and casting components for automobiles, industrial machinery, chemical equipment and oil drilling rigs.

Daido Steel also offers target materials and sputtering targets for thin-film deposition/coating, as well as electronic materials. The company produces crucial steel components for automobile transmissions and engine parts, in addition to those utilized in ships, aircraft and electric generators. Daido Steel operates in multiple geographies namely Japan, North America and the Asia-Pacific region. It predominantly earns its revenue from the Japanese domestic market.

Financial Highlights (FY 2024)

Company's Business Segments

• Specialty Steel : It includes specialty steel products and materials manufacturing, distribution, raw materials sales, transportation, and logistics.
• High Performance Materials and Magnetic Materials : It comprises stainless steel, nickel-based alloys, electrical and electronics parts, magnetic material products(FA motor, automotive meter, sensor, measuring device component), alloy powder (magnetic powder for HEV), titanium products (medical titanium alloys, shape-memory alloys), and welding wires.
• Parts for Automobiles and Industrial Equipments : It includes die forging, welded parts, precise hot forging, precision casting, and industrial machine tool parts.
• Engineering : It comprises steel steel-making equipment, industrial furnaces and facilities, environmental equipment (for drain, exhaust, waste disposal, and treatment facilities), machine tools, and machine maintenance.
• Trading and Services : It sells company products, offers welfare services, real estate, and insurance business, golf course business, and analysis business.