May 13, 2026
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
-
Financial results for the first quarter of FY2026 (January 1, 2026- March 31, 2026)
( 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 2026
¥m
12,551
42.6
%
¥m
3,544
60.4 %
¥m
3,912
82.0 %
1st quarter of FY 2025
8,802
18.6
%
2,210
55.3 %
2,149
31.8 %
Profit attributable to
owners of parent
YonY
Earnings per share
Earnings per share after dilution
1st quarter of FY 2026
¥m
2,852
79.2 %
¥
163.78
-
1st quarter of FY 2025
1,591
32.9 %
92.15
-
( 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 2026
¥m 91,099
¥m 82,431
90.5 %
FY 12/2025
88,202
79,998
90.7
-
Cash dividends
Per share
Interim cash dividends
Year-end cash dividends
Annual cash dividends
FY 12/2025 actual
¥ 60.00
¥ 70.00
¥ 130.00
FY 12/2026
actual
-
-
-
forecast
¥ 65.00
¥ 65.00
¥ 130.00
Note: Revision of forecast for dividends since the previous announcement … None
-
Forecasts for the year ending December 31, 2026 (January 1, 2026 - December 31, 2026)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
EPS
Half year
¥m 23,100
¥m 6,100
¥m 6,600
¥m 4,900
¥ 260.11
YonY change
26.6 %
45.7 %
72.0%
71.5 %
-
Full year
¥m 49,600
¥m 13,000
¥m 13,000
¥m 9,500
¥ 504.29
YonY change
23.5 %
48.9 %
59.8%
55.4 %
-
Note: 1. Revision of forecasted consolidated financial results since the previous announcement … Yes
2. EPS is calculated based on the projected weighted-average number of shares outstanding during the period, including 1,800,000 treasury shares to be disposed of through the public offering and 270,000 treasury shares to be disposed of through a third-party allotment in connection with the overallotment.
-
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 ): 3/31/2026 … 19,780,000 12/31/2025 … 19,780,000
Number of treasury stocks:
3/31/2026 … 2,366,587 12/31/2025 … 2,366,445
Number of average shares outstanding (cumulative, consolidated at the end of the first quarter): 3/31/2026 … 17,413,493 3/31/2025 … 17,274,828
*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.
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Consolidated Financial Results for the First Quarter of Fiscal Year Ending December 31, 2026
In the first quarter of the fiscal year ending December 31, 2026, our Group's business environment showed a moderate recovery, supported by steady personal consumption and capital investment amid improving employment and income conditions. However, the outlook remained uncertain due to persistent inflation, volatility in raw material and energy prices, geopolitical tensions in the Middle East, foreign exchange fluctuations, and uncertainty over economic and trade policies in various countries. In the electronics industry, investment in AI infrastructure continued to expand, driving strong demand for AI servers and data centers.
Against a backdrop of rising semiconductor demand, particularly in generative AI-related fields, demand for our high-quality products remained strong. To meet this demand, we expanded production capacity at an unprecedented scale and speed through capital investment in manufacturing equipment, while strengthening coordination across the Group to enhance production and supply capacity. During the period, we responded flexibly to demand by drawing on inventory on hand as needed. As a result, increased sales of our high-margin products, together with cost reductions driven by higher utilization rates at our production sites, led to a substantial year-on-year increase in both net sales and profit.
Accordingly, for the first quarter of fiscal 2026, the Group recorded net sales of ¥12,551 million (YoY +42.6%). Operating profit was ¥3,544 million (YoY +60.4%); ordinary profit was ¥3,912 million (YoY +82.0%); and profit attributable to owners of parent was ¥2,852 million (YoY +79.2%).
In Japan, demand for our high-quality products remained firm, supported by demand related to generative AI. The increase in production capacity to meet growing demand also contributed to earnings. Net sales (including intersegment transaction amount) were ¥7,834 million (YoY +31.7%). Operating profit was ¥2,072 million (YoY
+68.7％).
In Asia, excluding Japan, demand for package substrates and high-layer-count PCBs used in AI servers and data centers, particularly in China and Taiwan, exceeded the previous year's level. Against this backdrop of stronger demand, sales of high-margin products increased, and the sales mix improved. Net sales in this segment were
¥8,215 million (YoY +58.5%), and the operating profit was ¥1,360 million (YoY +123.8%).
In North America, net sales were ¥599 million (YoY +24.5%), and operating profit amounted to ¥36 million (YoY -14.5%). In Europe, net sales and operating profit were ¥747 million (YoY +13.9%) and ¥35 million (YoY
+2.3%), respectively.
- Consolidated Financial Forecast and Other Forward-Looking Statements
We have revised the consolidated financial forecast for the fiscal year ending December 31, 2026, as originally announced on February 12, 2026.
In the electronics industry, which is closely related to our business, the overall market remains strong, with increasing demand in generative AI-related fields. Under these circumstances, demand for our high-quality products continues to expand, particularly for high-value-added applications. To meet growing order volumes, we have been increasing production capacity at an unprecedented scale and speed. As the ramp-up of our facilities has progressed smoothly, we are moving forward with additional capacity expansion to further strengthen our production capabilities.
Based on the above, we have revised upward our sales and profit forecasts for the first half and the full year of fiscal 2026.
For more details, please refer to today's announcement titled "Notice of Revision to Consolidated Financial Forecast."
Financial Statements Consolidated balance sheet
FY12/2025
as of December 31, 2025
millions of yen FY12/2026 Q1
as of March 31, 2026
Assets Current assets | ||
Cash and deposits | 16,433 | 13,329 |
Notes and accounts receivable - trade | 14,478 | 16,721 |
Securities | 1,675 | 895 |
Merchandise and finished goods | 6,179 | 5,820 |
Work in process | 1,480 | 1,568 |
Raw materials and supplies | 4,049 | 4,513 |
Other | 1,420 | 1,076 |
Allowance for doubtful accounts | -43 | -45 |
Total current assets | 45,673 | 43,880 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 9,309 | 9,520 |
Machinery, equipment and vehicles, net | 11,410 | 12,566 |
Tools, furniture and fixtures, net | 595 | 714 |
Land | 6,163 | 6,170 |
Construction in progress | 2,852 | 5,327 |
Other, net | 442 | 404 |
Total property, plant and equipment | 30,773 | 34,703 |
Intangible assets | 109 | 152 |
Investments and other assets | ||
Investment securities | 10,582 | 11,331 |
Retirement benefit asset | 516 | 526 |
Other | 547 | 504 |
Total investments and other assets | 11,645 | 12,362 |
Total non-current assets | 42,528 | 47,218 |
Total assets | 88,202 | 91,099 |
Liabilities Current liabilities | ||
Accounts payable - trade | 1,993 | 2,211 |
Accounts payable - other | 469 | 177 |
Accrued expenses | 1,345 | 1,316 |
Income taxes payable | 1,196 | 1,481 |
Contract liabilities | 138 | 176 |
Provision for bonuses | 1,052 | 1,562 |
Provision for bonuses for directors (and other officers) | - | 15 |
Other | 485 | 332 |
Total current liabilities | 6,681 | 7,275 |
Non-current liabilities | ||
Long-term accounts payable - other | 219 | 219 |
Retirement benefit liability | 253 | 242 |
Other | 1,047 | 930 |
Total non-current liabilities | 1,521 | 1,392 |
Total liabilities | 8,203 | 8,667 |
Net assets | ||
Shareholders' equity | ||
Share capital | 2,998 | 2,998 |
Capital surplus | 3,642 | 3,642 |
Retained earnings | 69,595 | 71,228 |
Treasury shares | -6,365 | -6,366 |
Total shareholders' equity | 69,870 | 71,503 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 3,186 | 3,535 |
Foreign currency translation adjustment | 6,591 | 7,053 |
Remeasurements of defined benefit plans | 349 | 339 |
Total accumulated other comprehensive income | 10,127 | 10,928 |
Total net assets | 79,998 | 82,431 |
Total liabilities and net assets | 88,202 | 91,099 |
Consolidated statement of income | millions of yen | |
FY12/2025 Q1 | FY12/2026 Q1 | |
January 1, 2025 - March 31, 2025 | January 1, 2026 - March 31, 2026 | |
Net sales | 8,802 | 12,551 |
Cost of sales | 5,011 | 7,116 |
Gross profit | 3,791 | 5,434 |
Selling, general and administrative expenses | 1,580 | 1,890 |
Operating profit | 2,210 | 3,544 |
Non-operating income | ||
Interest income | 20 | 19 |
Dividend income | 4 | 1 |
Foreign exchange gains | - | 338 |
Rental income from non-current assets | 12 | 14 |
Subsidy income | 0 | 17 |
Subsidy income | 24 | 24 |
Other | 13 | 21 |
Total non-operating income | 74 | 435 |
Non-operating expenses | ||
Interest expenses | 4 | 4 |
Depreciation | 8 | 11 |
Foreign exchange losses | 74 | - |
Commission expenses | 30 | 33 |
Taxes and dues | 4 | 4 |
Other | 12 | 15 |
Total non-operating expenses | 135 | 68 |
Ordinary profit | 2,149 | 3,912 |
Extraordinary income | ||
Gain on sale of investment securities | - | 45 |
Total extraordinary income | - | 45 |
Extraordinary losses | ||
Loss on valuation of investment securities | - | 47 |
Total extraordinary losses | - | 47 |
Profit before income taxes | 2,149 | 3,910 |
Income taxes - current | 569 | 1,254 |
Income taxes - deferred | -12 | -195 |
Total income taxes | 557 | 1,058 |
Profit | 1,591 | 2,852 |
Profit attributable to non-controlling interests | - | - |
Profit attributable to owners of parent | 1,591 | 2,852 |
Consolidated statement of comprehensive income | millions of yen | |
FY12/2025 Q1 | FY12/2026 Q1 | |
January 1, 2025 - March 31, 2025 | January 1, 2026 - March 31, 2026 | |
Profit | 1,591 | 2,852 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 28 | 348 |
Foreign currency translation adjustment | -1,143 | 462 |
Remeasurements of defined benefit plans, net of tax | -1 | -10 |
Total other comprehensive income | -1,117 | 800 |
Comprehensive income | 474 | 3,652 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 474 | 3,652 |
Comprehensive income attributable to non-controlling interests | - | - |