Union Tool Co. Reports Consolidated Earnings Results for the First Quarter Ended March 2017; Provides Earnings Guidance for the Second Quarter Ending of June 2017 and Full Year Ending of December 31, 2017; Provides Dividend Guidance for the Second Quarter Ending of June 2017 and Full Year Ending of December 2017
For the second quarter ending June 2017, the company expects net sales of JPY 10,700 million, operating income of JPY 1,400 million, ordinary income of JPY 1,600 million, profit attributable to owners of parent of JPY 1,000 million or JPY 57.88 per share.
For the year ending December 31, 2017, the company expects net sales of JPY 21,800 million, operating income of JPY 3,300 million, ordinary income of JPY 3,600 million, profit attributable to owners of parent of JPY 2,600 million or JPY 150.49 per share.
The company provided dividend guidance for the second quarter and full year ending December 2017. For the second quarter, the company plans to pay a dividend of JPY 25.00 per share compared to JPY 25 per share paid a year ago.
For the year ending December 2017, the company plans to pay a dividend of JPY 25.00 per share compared to JPY 25.00 per share paid a year ago.