August 7, 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 Date of semi-annual securities report to be presented to Ministry of Finance Japan : August 7, 2025 Date of the interim dividends to be paid : September 5, 2025
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Financial results for the first half of FY2025 (January 1, 2025- June 30, 2025)
( 1 ) Consolidated performance Amounts less than one million yen have been omitted.
Net sales
YonY
Operating profit
YonY
Ordinary profit
YonY
1st half of FY 2025
¥m
18,247
15.5
%
¥m
4,187
34.7 %
¥m
3,838
14.1 %
1st half of FY 2024
15,794
28.2
%
3,108
51.7 %
3,362
55.4 %
Profit attributable to
owners of parent
YonY
Earnings per share
Earnings per share after dilution
1st half of FY 2025
¥m
2,856
13.0 %
¥ 165.37
-
1st half of FY 2024
2,527
56.0 %
¥ 146.30
-
( 2 ) Consolidated financial position Amounts less than one million yen have been omitted.
Total assets
Net assets
Net assets to total assets
1st half of FY 2025
¥m 80,981
¥m 74,107
91.5 %
FY 12/2024
78,863
73,136
92.7
-
Cash dividends
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
¥ 60.00
-
-
forecast
¥ 65.00
¥ 125.00
Note: Revision of forecast for dividends since the previous announcement … Yes
For details, please refer to "Notice of Differences between Financial Forecast and Results for First Half of FY2025, Revision to Forecast, Dividend of Surplus, and Dividend Forecast" disclosed today.
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Forecasts for the year ending December 31, 2025 (January 1, 2025 - December 31, 2025)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
EPS
Full year
¥m 37,500
¥m 7,900
¥m 7,900
¥m 6,000
¥ 347.33
YonY change
15.0 %
14.9 %
10.8 %
13.6 %
-
Note: Revision of forecasted consolidated financial results since the previous announcement … Yes
For details, please refer to "Notice of Differences between Financial Forecast and Results for First Half of FY2025, Revision to Forecast, Dividend of Surplus, and Dividend Forecast" disclosed today.
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Others
( 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 ): 6/30/2025 … 19,780,000 12/31/2024 … 19,780,000
Number of treasury stocks:
6/30/2025 … 2,505,172 12/31/2024 … 2,505,172
Number of average shares outstanding (cumulative, consolidated at the end of the first quarter): 6/30/2025 … 17,274,828 6/30/2024 … 17,275,112
* The Japanese-language originals of the financial results for the first half of FY2025 are not subject to review by certified public accountants or auditing firms.
*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.
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Consolidated Financial Results for the First Half of Fiscal Year Ending December 31, 2025
During the first half of the fiscal year ending December 31, 2025, the global economy remained uncertain. This was primarily driven by tariff measures introduced by the U.S. president, which disrupted the economy and trade policies worldwide, as well as heightened geopolitical risks in the Middle East. In the electronics industry, demand for semiconductors related to generative AI fueled market growth. Additionally, the demand for package boards and high multilayer boards for data center servers expanded rapidly, leading to a significant increase in demand for our high-value-added tools.
Amid these business conditions, we focused on expanding our supply capabilities through initiatives such as the early launch of production equipment, leveraging in-house development and internal manufacturing. We also enhanced global production management by strengthening collaboration across our production sites.
These efforts enabled us to improve our sales mix through increased sales of high-value-added tools and reduce costs by improving the operating rates at each production site, thereby enhancing profitability at the gross profit level. As a result, we successfully secured high profit margins.
Our net sales for the first half of FY12/2025 were ¥18,247 million (YoY +15.5%). Operating profit was ¥4,187 million (YoY +34.7%), ordinary profit ¥3,838 million (YoY +14.1%), and profit attributable to owners of parent
¥2,856 million (YoY +13.0%). Both net sales and operating profit reached record highs during the consolidated interim accounting period.
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 ¥12,219 million (YoY +13.8%). Operating profit was ¥2,226 million (YoY -7.6％).
In Asia, excluding Japan, demand for package boards and high multilayer boards designed for data center servers
is rapidly expanding, particularly in China. Enhanced local production efforts have contributed to continuous improvements in operational efficiency. Net sales in this segment were ¥10,798 million (YoY +28.2%), and the operating profit was ¥1,316 million (YoY +110.1%).
In North America, net sales were ¥923 million (YoY -9.5%), and operating profit amounted to ¥62 million (YoY
-40.7%). In Europe, net sales and operating profit were ¥1,262 million (YoY +2.4%) and ¥67 million (YoY -48.0%), respectively.
- Consolidated Financial Forecast and Other Forward-Looking Statements
Based on recent performance trends and other relevant factors, we have revised our consolidated financial forecast for the fiscal year ending December 31, 2025, which was originally announced on February 14, 2025. For more details, please refer to today's announcement titled, "Notice of Differences between Financial Forecast and Results for First Half of FY2025, Revision to Forecast, Dividend of Surplus, and Dividend Forecast".
Financial Statements Consolidated balance sheet
FY12/2024
as of December 31, 2024
millions of yen FY12/2025 Q2
as of June 30, 2025
Assets Current assets | ||
Cash and deposits | 17,976 | 17,495 |
Notes and accounts receivable - trade | 11,428 | 12,399 |
Securities | 157 | 1,001 |
Merchandise and finished goods | 6,124 | 6,217 |
Work in process | 1,327 | 1,431 |
Raw materials and supplies | 3,408 | 3,544 |
Other | 824 | 827 |
Allowance for doubtful accounts | -42 | -43 |
Total current assets | 41,205 | 42,875 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 9,043 | 9,298 |
Machinery, equipment and vehicles, net | 9,106 | 9,318 |
Tools, furniture and fixtures, net | 566 | 582 |
Land | 6,053 | 6,140 |
Construction in progress | 1,062 | 1,904 |
Other, net | 425 | 464 |
Total property, plant and equipment | 26,258 | 27,709 |
Intangible assets | 74 | 106 |
Investments and other assets | ||
Investment securities | 10,788 | 9,678 |
Retirement benefit asset | 50 | 150 |
Other | 485 | 460 |
Total investments and other assets | 11,324 | 10,289 |
Total non-current assets | 37,658 | 38,105 |
Total assets | 78,863 | 80,981 |
Liabilities Current liabilities | ||
Accounts payable - trade | 997 | 1,456 |
Accounts payable - other | 281 | 503 |
Accrued expenses | 1,136 | 1,190 |
Income taxes payable | 1,331 | 1,099 |
Contract liabilities | 39 | 36 |
Provision for bonuses | 822 | 1,389 |
Other | 424 | 436 |
Total current liabilities | 5,032 | 6,111 |
Non-current liabilities | ||
Long-term accounts payable - other | 219 | 219 |
Retirement benefit liability | 24 | 107 |
Other | 450 | 435 |
Total non-current liabilities | 694 | 762 |
Total liabilities | 5,726 | 6,873 |
Net assets | ||
Shareholders' equity | ||
Share capital | 2,998 | 2,998 |
Capital surplus | 3,020 | 3,020 |
Retained earnings | 65,553 | 67,373 |
Treasury shares | -6,737 | -6,737 |
Total shareholders' equity | 64,834 | 66,654 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 2,071 | 2,089 |
Foreign currency translation adjustment | 5,986 | 5,134 |
Remeasurements of defined benefit plans | 244 | 228 |
Total accumulated other comprehensive income | 8,301 | 7,452 |
Total net assets | 73,136 | 74,107 |
Total liabilities and net assets | 78,863 | 80,981 |
Consolidated statement of income | ||
millions of yen | ||
FY12/2024 Q2 January 1, 2024 - June 30, 2024 | FY12/2025 Q2 January 1, 2025 - June 30, 2025 | |
Net sales | 15,794 | 18,247 |
Cost of sales | 9,613 | 10,735 |
Gross profit | 6,180 | 7,511 |
Selling, general and administrative expenses | 3,072 | 3,323 |
Operating profit | 3,108 | 4,187 |
Non-operating income | ||
Interest income | 41 | 36 |
Dividend income | 67 | 80 |
Foreign exchange gains | 160 | - |
Rental income from non-current assets | 26 | 26 |
Subsidy income | 22 | 3 |
Subsidy income | 36 | 43 |
Other | 20 | 20 |
Total non-operating income | 373 | 211 |
Non-operating expenses | ||
Interest expenses | 7 | 9 |
Depreciation | 18 | 18 |
Foreign exchange losses | - | 434 |
Commission expenses | 70 | 62 |
Taxes and dues | 9 | 10 |
Other | 14 | 26 |
Total non-operating expenses | 119 | 560 |
Ordinary profit | 3,362 | 3,838 |
Extraordinary income | ||
Gain on sale of investment securities | 22 | - |
Total extraordinary income | 22 | - |
Profit before income taxes | 3,385 | 3,838 |
Income taxes - current | 1,220 | 1,107 |
Income taxes - deferred | -362 | -126 |
Total income taxes | 858 | 981 |
Profit | 2,527 | 2,856 |
Profit attributable to non-controlling interests | - | - |
Profit attributable to owners of parent | 2,527 | 2,856 |
Consolidated statement of comprehensive income | ||
millions of yen | ||
FY12/2024 Q2 January 1, 2024 - June 30, 2024 | FY12/2025 Q2 January 1, 2025 - June 30, 2025 | |
Profit | 2,527 | 2,856 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 778 | 18 |
Foreign currency translation adjustment | 1,955 | -851 |
Remeasurements of defined benefit plans, net of tax | -39 | -15 |
Total other comprehensive income | 2,694 | -849 |
Comprehensive income | 5,222 | 2,007 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 5,222 | 2,007 |
Comprehensive income attributable to non-controlling interests | - | - |