Union Tool Co. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended November 30, 2014; Provides Consolidated Earnings Guidance for the Six Months Ending May 2015; Provides Consolidated Earnings Guidance for the Year Period December 2015
For the year, on non-consolidated basis, the company reported net sales of JPY 12,868 million compared to JPY 11,701 million a year ago. Operating income was JPY 1,531 million compared to JPY 1,154 million a year ago. Ordinary income was JPY 3,260 million compared to JPY 2,593 million a year ago. Net income was JPY 2,841 million or JPY 144.90 per share compared to JPY 1,982 million or JPY 96.81 per share a year ago.
The company provided consolidated earnings guidance for the six months ending May 2015. For the period, the company expects net sales of JPY 10,100 million, operating income of JPY 1,300 million, ordinary income of JPY 1,700 million and net income of JPY 1,900 million or JPY 98.15 per share.
The company provided consolidated earnings guidance for the year period December 2015. For the period, the company expects net sales of JPY 25,000 million, operating income of JPY 3,900 million, ordinary income of JPY 4,500 million and net income of JPY 3,900 million or JPY 201.47 per share.