Union Tool Co. reported consolidated and parent company earnings results for the year ended December 31, 2016. For the year, the company reported consolidated net sales of JPY 20,754 million compared to JPY 25,115 million a year ago. Operating income was JPY 3,049 million compared to JPY 3,993 million a year ago. Ordinary income was JPY 2,859 million compared to JPY 4,278 million a year ago. Net income was JPY 2,136 million compared to JPY 3,571 million a year ago. Net income per share was JPY 123.20 compared to JPY 194.83 a year ago. Net income to equity was 4.3% compared to 7.1% a year ago. Cash flow from operating activities was JPY 3,637 million compared to JPY 6,388 million a year ago.
For the year, the parent company reported net sales of JPY 14,204 million compared to JPY 15,176 million a year ago. Operating income was JPY 1,675 million compared to JPY 2,444 million a year ago. Ordinary income was JPY 2,758 million compared to JPY 4,940 million a year ago. Net income was JPY 2,301 million compared to JPY 4,524 million a year ago. Net income per share was JPY 132.69 compared to JPY 246.79 a year ago.

The company declared dividend for the fiscal year 2016 of JPY 25.0 pence compared to JPY 33.0 per share paid a year ago. Payable on March 24, 2017. Dividend for the same period previous year was JPY 25.0 pence. Planned yearend dividend JPY 33- for fiscal year 12/2015 includes JPY 10 of extra dividend.

The company provided dividend guidance for the year 2017. For the year, the company expected dividend of JPY 25.0 pence. Dividend for the same period previous year was JPY 25.0 pence.

The company provided earnings guidance for the fiscal year ending December 31, 2017. For the year, the company expected net sales of JPY 21,800 million, operating income of JPY 3,300 million, ordinary income of JPY 3,600 million, net income of JPY 2,600 million and earnings per share of JPY 150.49.