Union Tool Co. reported consolidated earnings results for the first quarter ended of March 2017. For the first quarter, the company reported net sales of JPY 5,159 million against JPY 4,994 million a year ago. Operating income was JPY 591 million against JPY 776 million a year ago. Ordinary income was JPY 634 million against JPY 732 million a year ago. Profit attributable to owners of parent was JPY 510 million or JPY 29.56 per share against JPY 475 million or JPY 27.16 per share a year ago.

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.