Union Tool Co. reported consolidated earnings results for the first quarter ended March 2020. For the period, the company's net sales were JPY 5,274 million compared to JPY 5,373 million a year ago. Operating profit was JPY 613 million compared to JPY 833 million a year ago. Profit attributable to owners of parent was JPY 467 million compared to JPY 641 million a year ago. Basic earnings per share was JPY 27.06 compared to JPY 37.15 a year ago.

For six months ending June 2020, the company expects net sales of JPY 10,700 million, operating profit of JPY 1,350 million and profit attributable to owners of parent of JPY 1,050 million and basic earnings per share of JPY 60.78.