Union Tool : Announcement of FY 12/2025 Q1 Summary Report （947KB）

Published: 2025-05-13 02:15:08 ET 6278.T

Published on 05/13/2025 at 02:15

May 13, 2025

Listed Company Name UNION TOOL CO.

Shares Listed ………………….. Tokyo Stock Exchange Code No. 6278

Head Office …………………… 6-17-1, Minami-Ohi, Shinagawa-ku, Tokyo 140-0013 URL …………………………... https:// https://www.uniontool.co.jp

CEO Takao Katayama

Contact ………………………... Norimasa Kurata, Executive Officer Tel 03-5493-1017

( 1 ) Consolidated performance Amounts less than one million yen have been omitted.

Net sales

YonY

Operating profit

YonY

Ordinary profit

YonY

1st quarter of FY 2025

¥m

8,802

18.6 %

¥m

2,210

55.3 %

¥m

2,149

31.8 %

1st quarter of FY 2024

7,423

28.2 %

1,422

49.2 %

1,630

61.5 %

Profit attributable to

owners of parent

YonY

Earnings per share

Earnings per share after dilution

1st quarter of FY 2025

¥m

1,591

32.9 %

¥ 92.15

1st quarter of FY 2024

1,198

56.9 %

69.35

( 2 ) Consolidated financial position Amounts less than one million yen have been omitted.

Total assets

Net assets

Net assets to total assets

1st quarter of FY 2025

¥m 78,218

¥m 72,574

92.8 %

FY 12/2024

78,863

73,136

92.7

Per share

Interim cash dividends

Year-end cash dividends

Annual cash dividends

FY 12/2024 actual

¥ 45.00

¥ 60.00

¥ 105.00

FY 12/2025

actual

forecast

¥ 55.00

¥ 110.00

Note: Revision of forecast for dividends since the previous announcement … None

Net sales

Operating profit

Ordinary profit

Profit attributable to owners of parent

EPS

Half year

¥m 16,500

¥m 3,400

¥m 2,450

¥ 141.82

YonY change

4.5 %

9.4 %

1.1 %

-3.1 %

Full year

¥m 34,000

¥m 7,000

¥m 7,200

¥m 5,100

¥ 295.22

YonY change

4.3 %

1.8 %

0.9 %

-3.5 %

Note: Revision of forecasted consolidated financial results since the previous announcement … None

( 1 ) Significant change in the scope of consolidation during the period …… None ( 2 ) Application of accounting methods specific in the preparation of quarterly

consolidated financial statements …… None

( 3 ) Changes in the principles, procedures and presentation method for accounting treatment

Changes associated with revisions in accounting standards ……None

Changes other than above …… None

Changes in accounting estimates …… None

Retrospective restatement …… None

( 4 ) Shares outstanding

Number of shares outstanding ( including treasury stocks ): 3/31/2025 … 19,780,000 12/31/2024 … 19,780,000

Number of treasury stocks:

3/31/2025 … 2,505,172 12/31/2024 … 2,505,172

Number of average shares outstanding (cumulative, consolidated at the end of the first quarter): 3/31/2025 … 17,274,828 3/31/2024 … 17,275,156

*Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

*Proper use of earnings forecasts, and other special matters

Request for appropriate use of the business outlook and other special remarks

The forecasts are based on information available to the management at the time of this announcement. Due to variable factors, actual results may be different from the forecast figures.

During the first quarter of the fiscal year ending December 2025, the global economy faced heightened uncertainty. While inflation showed signs of slowing, several factors contributed to this uncertainty, including the sluggish recovery of the Chinese economy, geopolitical risks such as the invasion of Ukraine and escalating tensions in the Middle East, and policies and economic trends of individual countries. Additionally, concerns over the impact of strict tariff policies introduced by the new U.S. administration-affecting trade with various countries, specific markets, and currency fluctuations-have further deepened the unpredictability of the economic outlook. In the electronics industry, the rapid adoption of generative AI has significantly increased demand for semiconductors, driving strong market growth. This trend has fueled demand for package boards and high multilayer boards designed for data center servers, which led to a sharp rise in demand for our high-value-added tools.

Amid these business conditions, we have prioritized expanding our supply capacity by strengthening production capabilities for high-value-added tools and enhancing collaboration through global production management. The increased sales and higher sales ratio of high-value-added tools-our high-margin products-along with improved operational efficiency at each production site, have enabled us to achieve cost reduction benefits. As a result, we have achieved substantial growth in both revenue and profit compared to the same period last year.

Our net sales for the first quarter of FY12/2025 were ¥8,802 million (YoY +18.6%). Operating profit was ¥2,210 million (YoY +55.3%), ordinary profit ¥2,149 million (YoY +31.8%), and profit attributable to owners of parent

¥1,591 million (YoY +32.9%).

In Japan, we have continued to capture strong demand in the generative AI-related market, which has led to increased revenue. Net sales (including intersegment transaction amount) were ¥5,946 million (YoY +15.9%). Operating profit was ¥1,228 million (YoY -5.5％).

Similar trends have been observed across Asia, excluding Japan. In particular, demand in China is rapidly

expanding for package boards and high-multilayer boards used in data center servers. Strengthened local production efforts have contributed to ongoing improvements in operational efficiency. Net sales in this segment were ¥5,183 million (YoY +35.3%), and the operating profit was ¥608 million (YoY +161.7%).

In North America, net sales were ¥481 million (YoY -1.1%), and operating profit amounted to ¥42 million (YoY

-29.2%). In Europe, net sales and operating profit were ¥656 million (YoY +14.7%) and ¥35 million (YoY -58.1%), respectively.

Regarding the earnings forecast for the fiscal year ending December 2025, we are maintaining the forecast announced on February 14, 2025, based on the performance of the first quarter and other relevant factors.

Meanwhile, the potential impact of U.S. tariff policies on our performance, as well as the measures to address them, is currently under detailed examination. As of now, these effects have not been incorporated into the consolidated earnings forecast for the fiscal year ending December 2025.

Financial Statements Consolidated balance sheet

FY12/2024

as of December 31, 2024

millions of yen FY12/2025 Q1

as of March 31, 2025

Assets

Current assets

Cash and deposits

17,976

17,528

Notes and accounts receivable - trade

11,428

11,741

Securities

157

724

Merchandise and finished goods

6,124

6,009

Work in process

1,327

1,280

Raw materials and supplies

3,408

3,396

Other

824

448

Allowance for doubtful accounts

-42

-41

Total current assets

41,205

41,088

Non-current assets

Property, plant and equipment

Buildings and structures, net

9,043

9,080

Machinery, equipment and vehicles, net

9,106

8,923

Tools, furniture and fixtures, net

566

580

Land

6,053

5,995

Construction in progress

1,062

1,207

Other, net

425

503

Total property, plant and equipment

26,258

26,291

Intangible assets

109

Investments and other assets

Investment securities

10,788

10,170

Retirement benefit asset

146

Other

485

411

Total investments and other assets

11,324

10,728

Total non-current assets

37,658

37,130

Total assets

78,863

78,218

Liabilities

Current liabilities

Accounts payable - trade

997

1,201

Accounts payable - other

281

174

Accrued expenses

1,136

1,079

Income taxes payable

1,331

760

Contract liabilities

Provision for bonuses

822

1,209

Provision for bonuses for directors (and other officers)

Other

424

298

Total current liabilities

5,032

4,780

Non-current liabilities

Long-term accounts payable - other

219

Retirement benefit liability

111

Other

450

532

Total non-current liabilities

694

863

Total liabilities

5,726

5,644

Net assets

Shareholders' equity

Share capital

2,998

Capital surplus

3,020

Retained earnings

65,553

66,109

Treasury shares

-6,737

Total shareholders' equity

64,834

65,390

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

2,071

2,099

Foreign currency translation adjustment

5,986

4,842

Remeasurements of defined benefit plans

244

242

Total accumulated other comprehensive income

8,301

7,184

Total net assets

73,136

72,574

Total liabilities and net assets

78,863

78,218

Consolidated statement of income

millions of yen

FY12/2024 Q1

January 1, 2024 - March 31, 2024

FY12/2025 Q1

January 1, 2025 - March 31, 2025

Net sales

7,423

8,802

Cost of sales

4,618

5,011

Gross profit

2,804

3,791

Selling, general and administrative expenses

1,381

1,580

Operating profit

1,422

2,210

Non-operating income

Interest income

Dividend income

Foreign exchange gains

207

Rental income from non-current assets

Subsidy income

Other

Total non-operating income

271

Non-operating expenses

Interest expenses

Depreciation

Foreign exchange losses

Commission expenses

Taxes and dues

Other

Total non-operating expenses

135

Ordinary profit

1,630

2,149

Extraordinary income

Gain on sale of investment securities

Total extraordinary income

Profit before income taxes

1,652

2,149

Income taxes - current

676

569

Income taxes - deferred

-221

-12

Total income taxes

454

557

Profit

1,198

1,591

Profit attributable to non-controlling interests

Profit attributable to owners of parent

1,198

1,591

Consolidated statement of comprehensive income

millions of yen

FY12/2024 Q1

January 1, 2024 - March 31, 2024

FY12/2025 Q1

January 1, 2025 - March 31, 2025

Profit

1,198

1,591

Other comprehensive income

Valuation difference on available-for-sale securities

539

Foreign currency translation adjustment

830

-1,143

Remeasurements of defined benefit plans, net of tax

-29

-1

Total other comprehensive income

1,341

-1,117

Comprehensive income

2,539

474

Comprehensive income attributable to

Comprehensive income attributable to owners of parent

2,539

474

Comprehensive income attributable to non-controlling interests

Disclaimer

Union Tool Co. published this content on May 13, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 13, 2025 at 06:14 UTC.