Daido Steel Co., Ltd. is a Japanese specialty steel and advanced materials manufacturer headquartered in Nagoya, Aichi Prefecture. Founded in 1916, Daido Steel is listed on the Tokyo Stock Exchange (TYO: 5471) and operates several business divisions covering specialty steels, high-performance materials, magnetic materials, and forged components.
Through its specialized magnet subsidiary Daido Electronics Co., Ltd. (headquartered in Nakatsugawa, Gifu Prefecture) and dedicated research centers, Daido Steel develops heavy-rare-earth-free neodymium hot-deformed magnets, bonded rare earth magnets, and high-purity soft magnetic alloy powders that serve as key components in automotive electric drive systems.