November 11, 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
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Financial results for the first nine months of FY2025 (January 1, 2025- September 30, 2025)
( 1 ) Consolidated performance Amounts less than one million yen have been omitted.
Net sales
YonY
Operating profit
YonY
Ordinary profit
YonY
9 months of FY 2025
¥m
28,015
22.7
%
¥m
6,614
55.3 %
¥m
6,285
30.3 %
9 months of FY 2024
22,825
20.3
%
4,258
40.3 %
4,824
52.1 %
Profit attributable to
owners of parent
YonY
Earnings per share
Earnings per share after dilution
9 months of FY 2025
¥m
4,654
30.7 %
¥ 269.45
-
9 months of FY 2024
3,562
51.3 %
¥ 206.22
-
( 2 ) Consolidated financial position Amounts less than one million yen have been omitted.
Total assets
Net assets
Net assets to total assets
9 months of FY 2025
¥m 82,717
¥m 76,040
91.9 %
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 … None
-
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
Y on Y change
15.0 %
14.9 %
10.8 %
13.6 %
-
Note: Revision of forecasted consolidated financial results since the previous announcement … None
-
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) 9/30/2025 … 19,780,000 12/31/2024 … 19,780,000
Number of treasury stocks
9/30/2025 …2,505,282 12/31/2024 … 2,505,172
Number of average shares outstanding (cumulative, consolidated at the end of this period) 9/30/2025 …17,274,807 9/30/2024 …17,275,062
*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 Nine Months of Fiscal Year Ending December 31, 2025 During the first nine months of the fiscal year ending December 31, 2025, the global economy continued to recover at a moderate pace. Although geopolitical risks and trade-policy uncertainty remained elevated, accommodative monetary policy in many countries supported growth. Across the electronics industry, demand for semiconductors used in generative-AI applications underpinned market growth. This trend significantly increased demand for both our high-value-added tools and our high-layer board tools, reflecting stronger orders for package substrates and high-layer printed circuit boards (PCBs) for data-center servers, particularly in overseas markets.
Against this backdrop, we steadily expanded the Group's supply capabilities. Leveraging in-house equipment, we accelerated the installation of production equipment and strengthened and expanded the supply system across the entire group. Improved profitability from the gross-profit level has been achieved through cost reduction resulting from increased operating rates at each production site and by securing high profit margins. Our net sales for the first nine months of this fiscal year increased to ¥28,015 million (YoY +22.7%). Operating profit was ¥6,614 million (YoY +55.3%), ordinary profit ¥6,285 million (YoY +30.3%), and profit attributable to owners of parent ¥4,654 million (YoY +30.7%).
In Japan, the trend in demand remains firm, supported by growth in the generative AI market. Net sales (including intersegment transaction amount) were ¥18,648 million (YoY +13.5%). Operating profit was ¥3,713 million (YoY +3.8％).
In Asia excluding Japan, demand for package substrates and high-layer PCBs for data-center servers increased, particularly in China and Taiwan. Higher operating rates at our production sites in the region improved profitability. Net sales in this segment were ¥16,650 million (YoY +35.3%), and the operating profit was ¥2,167 million (YoY +121.4%).
In North America, net sales were ¥1,448 million (YoY +5.3%), and operating profit amounted to ¥84 million
(YoY -40.1%). In Europe, net sales and operating profit were ¥1,844 million (YoY +12.1%) and ¥91 million (YoY
-43.9%), respectively.
- Consolidated Financial Forecast and Other Forward-Looking Statements
Taking into account the results for the nine months ending September 30, 2025, we are maintaining the full year consolidated financial forecast for the fiscal year ending December 31, 2025, announced on August 7, 2025.
We have also revised our assumed exchange rate to USD1.00 = JPY145 from USD1.00 = JPY140 disclosed on August 7, 2025.
Financial Statements Consolidated balance sheetFY12/2024
as of December 31, 2024
millions of yen
FY12/2025 Q3
as of September 30, 2025
Assets Current assets | ||
Cash and deposits | 17,976 | 15,511 |
Notes and accounts receivable - trade | 11,428 | 12,925 |
Securities | 157 | 1,329 |
Merchandise and finished goods | 6,124 | 6,240 |
Work in process | 1,327 | 1,540 |
Raw materials and supplies | 3,408 | 3,771 |
Other | 824 | 945 |
Allowance for doubtful accounts | -42 | -40 |
Total current assets | 41,205 | 42,224 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 9,043 | 9,181 |
Machinery, equipment and vehicles, net | 9,106 | 9,987 |
Tools, furniture and fixtures, net | 566 | 614 |
Land | 6,053 | 6,136 |
Construction in progress | 1,062 | 2,594 |
Other, net | 425 | 435 |
Total property, plant and equipment | 26,258 | 28,950 |
Intangible assets | 74 | 116 |
Investments and other assets | ||
Investment securities | 10,788 | 10,817 |
Retirement benefit asset | 50 | 155 |
Other | 485 | 453 |
Total investments and other assets | 11,324 | 11,426 |
Total non-current assets | 37,658 | 40,493 |
Total assets | 78,863 | 82,717 |
Liabilities Current liabilities | ||
Accounts payable - trade | 997 | 1,472 |
Accounts payable - other | 281 | 208 |
Accrued expenses | 1,136 | 1,176 |
Income taxes payable | 1,331 | 855 |
Contract liabilities | 39 | 132 |
Provision for bonuses | 822 | 1,489 |
Provision for bonuses for directors (and other officers) | - | 18 |
Other | 424 | 274 |
Total current liabilities | 5,032 | 5,627 |
Non-current liabilities | ||
Long-term accounts payable - other | 219 | 219 |
Retirement benefit liability | 24 | 100 |
Other | 450 | 729 |
Total non-current liabilities | 694 | 1,049 |
Total liabilities | 5,726 | 6,677 |
Net assets | ||
Shareholders' equity | ||
Share capital | 2,998 | 2,998 |
Capital surplus | 3,020 | 3,020 |
Retained earnings | 65,553 | 68,135 |
Treasury shares | -6,737 | -6,738 |
Total shareholders' equity | 64,834 | 67,415 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 2,071 | 2,887 |
Foreign currency translation adjustment | 5,986 | 5,514 |
Remeasurements of defined benefit plans | 244 | 223 |
Total accumulated other comprehensive income | 8,301 | 8,624 |
Total net assets | 73,136 | 76,040 |
Total liabilities and net assets | 78,863 | 82,717 |
Consolidated statement of income | ||
millinos of yen | ||
FY12/2024 Q3 January 1, 2024 - September 30, 2024 | FY12/2025 Q3 January 1, 2025 - September 30, 2025 | |
Net sales | 22,825 | 28,015 |
Cost of sales | 14,110 | 16,422 |
Gross profit | 8,714 | 11,592 |
Selling, general and administrative expenses | 4,456 | 4,977 |
Operating profit | 4,258 | 6,614 |
Non-operating income | ||
Interest income | 68 | 60 |
Dividend income | 68 | 87 |
Foreign exchange gains | 463 | - |
Rental income from non-current assets | 36 | 40 |
Subsidy income | 20 | 3 |
Subsidy income | 54 | 65 |
Other | 33 | 25 |
Total non-operating income | 744 | 283 |
Non-operating expenses | ||
Interest expenses | 9 | 13 |
Depreciation | 26 | 29 |
Foreign exchange losses | - | 420 |
Commission expenses | 101 | 93 |
Taxes and dues | 13 | 14 |
Other | 27 | 41 |
Total non-operating expenses | 178 | 613 |
Ordinary profit | 4,824 | 6,285 |
Extraordinary income | ||
Gain on sale of investment securities | 22 | 15 |
Total extraordinary income | 22 | 15 |
Profit before income taxes | 4,847 | 6,300 |
Income taxes - current | 1,811 | 1,783 |
Income taxes - deferred | -527 | -138 |
Total income taxes | 1,284 | 1,645 |
Profit | 3,562 | 4,654 |
Profit attributable to non-controlling interests | - | - |
Profit attributable to owners of parent | 3,562 | 4,654 |
Consolidated statement of comprehensive income | ||
millinos of yen | ||
FY12/2024 Q3 January 1, 2024 - September 30, 2024 | FY12/2025 Q3 January 1, 2025 - September 30, 2025 | |
Profit | 3,562 | 4,654 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 224 | 816 |
Foreign currency translation adjustment | 226 | -471 |
Remeasurements of defined benefit plans, net of tax | -39 | -21 |
Total other comprehensive income | 411 | 322 |
Comprehensive income | 3,973 | 4,977 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 3,973 | 4,977 |
Comprehensive income attributable to non-controlling interests | - | - |