Two-for-one twister is a kind of textile machine and makes special fancy yarn which is twisted two times per one revolution in order to increase tensile strength and wear resis-tance of yarn. Spindle mechanism has to be stable and continuous motion in high speed revolution, and then optimal design is necessary to analyze dynamic characteristics of spindle unit. Spindle unit is consist of blade and rotary disc that are cylindrical body of revolution. For analysis of the dynamic characteristics of spindle unit, transfer matrix method is used and a numerical code SPINDLE also. Torsion and natural bending frequency of the spindle unit are examined. Its displacement mode is studied in function of variable revolutions.