Union Tool Co. provided dividend guidance for the second quarter of fiscal year 2018 of JPY 30.00 per share compared to JPY 26.00 per share a year ago.

The company provided dividend guidance for the year end of fiscal year 2018 of JPY 30.00 per share compared to JPY 30.00 per share a year ago.

The company reported consolidated earnings results for the first quarter ended of March 2018. For the first quarter, the company reported net sales of JPY 5,907 million against JPY 5,159 million a year ago. Operating profit was JPY 929 million against JPY 591 million a year ago. Ordinary profit was JPY 961 million against JPY 634 million a year ago. Profit attributable to owners of parent was JPY 715 million or JPY 41.41 per share against JPY 510 million or JPY 29.56 per share a year ago.

For the second quarter ending June 2018, the company expects net sales of JPY 11,800 million, operating profit of JPY 1,800 million, ordinary profit of JPY 1,850 million, profit attributable to owners of parent of JPY 1,400 million or JPY 81.03 per share.

For the year ending December 31, 2018, the company expects net sales of JPY 24,500 million, operating profit of JPY 4,150 million, ordinary profit of JPY 4,200 million, profit attributable to owners of parent of JPY 3,100 million or JPY 179.43 per share.