Union Tool Co. revised consolidated earnings guidance for the first half year ending June 30, 2023, and fiscal year ending December 31, 2023. For first half year ending June 30, 2023, the company expects net sales to be JPY 11,300 million, operating profit to be JPY 1,600 million, profit attributable to owners of the parent to be JPY 1,300 million and basic earnings per share to be JPY 75.25 against net sales to be JPY 12,300 million, operating profit to be JPY 1,600 million, profit attributable to owners of the parent to be JPY 1,300 million and basic earnings per share to be JPY 75.25 expected previously.

For the fiscal year ending December 31, 2023, the company expects net sales to be JPY 24,300 million, operating profit to be JPY 3,500 million, profit attributable to owners of the parent to be JPY 2,600 million and basic earnings per share to be JPY 150.50 against net sales to be JPY 27,000 million, operating profit to be JPY 4,800 million, profit attributable to owners of the parent to be JPY 3,500 million and basic earnings per share to be JPY 202.60 expected previously.