Federal instrument · Grant

METI supply assurance plan 2024永久磁石第2号-1 (Daido Steel / Daido Electronics, magnet capacity expansion)

METI-approved supply assurance plan for permanent magnets, certification number 2024永久磁石第2号-1, approved April 25, 2024 under the Economic Security Promotion Act, naming Daido Steel Co., Ltd. and Daido Electronics Co., Ltd., with the goal of expanding permanent magnet manufacturing equipment capacity and a maximum subsidy of about 0.5 billion yen (約5億円). The event is typed definitive-agreement rather than obligated: plan certification fixes the approved plan and subsidy ceiling, but funds are obligated through subsequent grant procedures.

Facts on this page last re-verified Aug 11, 2026 — the oldest verification date among its current claims. How we verify.

Financial state: Definitive agreement

Program: METI Permanent Magnet Supply Assurance Plans · Ministry of Economy, Trade and Industry (Japan)

Terms

Amount	¥500M (maximum subsidy, approximately (約5億円))

Immutable financial events

Apr 25, 2024 · Definitive agreement

Operational milestones are displayed on the linked facility line, not duplicated in this ledger.

Sources

Ministry of Economy, Trade and Industry (METI) · published Apr 25, 2024 · retrieved Aug 11, 2026 · archive