Union Tool Co. Reports Consolidated Earnings Results for the First Quarter Ended March 2016; Provides Earnings Guidance for the Second Quarter Ending June 2016 and Full Year Ending December 31, 2016; Provides Dividend Guidance for the Second Quarter Ending June 2016 and Full Year Ending December 2016
For the second quarter ending June 2016, the company expects net sales of JPY 10,000 million, operating income of JPY 1,300 million, ordinary income of JPY 1,400 million, profit attributable to owners of parent of JPY 1,100 million or JPY 63.12 per share.
For the year ending December 31, 2016, the company expects net sales of JPY 21,500 million, operating income of JPY 3,600 million, ordinary income of JPY 3,800 million, profit attributable to owners of parent of JPY 2,800 million or JPY 161.37 per share.
The company provided dividend guidance for the second quarter and full year ending December 2016. For the second quarter end, the company plans to pay a dividend of JPY 25.00 per share compared to JPY 22 per share paid a year ago.
For the year ending December 2016, the company plans to pay a dividend of JPY 25.00 per share compared to JPY 33 per share paid a year ago.