Member of Financial Accounting Standards Foundation

Financial Results for the 3rd Quarter of the Fiscal Year Ending March 31, 2015
February 6, 2015
Listed stock exchanges: Tokyo Stock Exchange
Company name: Unitika Ltd.
Code number: 3103
URL: http://www.unitika.co.jp/e/home.htm
Representative: Hiroyuki Shime, President and Chief Executive Officer
Contact: Shoji Ishikawa, General Manager of Accounting Department
TEL: +81-6-6281-5721
Expected submission of quarterly report: February 13, 2015
Expected commencement date for paying dividend: –Preparation of supplementary explanation documents for quarterly financial results: No
Holding of an analyst meeting for quarterly financial results: No(Figures rounded to nearest million yen.)
1. Consolidated performance for 3rd quarter of fiscal year ending March 31, 2015 (April 1, 2014 to December 31, 2014)(1) Consolidated performance (accumulation)(Percentages represent changes from same period in previous year.)Net sales

Operating income
%
(3.9)
5.2

Millions of yen

Q3 of FY ending March 31, 2015
Q3 of FY ended March 31, 2014

(Note) Comprehensive income

115,007
119,732

Ordinary income

%
13.5
27.4

Millions of yen

5,542
4,884

%
36.3
88.0

Millions of yen

4,988
3,658

Quarterly net income%——

Millions of yen(20,202)2,279

Q3 of FY ending March 31, 2015: (20,243) million yen [%]Q3 of FY ended March 31, 2014: 2,785 million yen [%]Quarterly net income per share

Quarterly net income per share after full dilution
Yen

Yen(35.57)
3.95

Q3 of FY ending March 31, 2015
Q3 of FY ended March 31, 2014(2) Consolidated financial situation
Total assets
Q3 of FY ending March 31, 2015
FY ended March 31, 2014

(Reference) Shareholders’ equity

Net assets

Millions of yen
245,695
254,181

Capital adequacy ratio

Millions of yen
38,05019,368%14.0
6.1

3rd quarter of fiscal year ending March 31, 2015: 34,371 million yen
Fiscal year ended March 31, 2014: 15,540 million yen

2. Dividend payment
Dividends per share
End of Q1

End of Q2Yen

FY ended March 31, 2014
FY ending March 31, 2015End of Q3
Yen
0.00



0.00



Year end
Yen

Annual
Yen
0.00

Yen
0.00

FY ending March 31, 2015 (forecast)
0.00
0.00
(Note) Revision of the latest dividend forecast: None
(Note) The above Dividend payment refers to dividends paid to the holders of common stock. For details of dividend payment to the holders of classshares (unlisted), the rights of which are different from those of common stock, please refer to Dividend payment to the holders of class shares
mentioned below.

3. Forecast of consolidated performance for fiscal year ending March 31, 2015 (April 1, 2014 to March 31, 2015)(% figures represent changes from same period in previous year.)Net sales
Millions of yen

Operating income%

165,000
1.4
FY ending March 31, 2015
(Note) Revision of the latest forecasts of operational results: None

Ordinary income

Net income pershare

Net income

Millions of yen%

Millions of yen%

Millions of yen

%

Yen

8,000

17.7

6,000

27.3

(37,000)―(64.15)

Member of Financial Accounting Standards Foundation* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying change of scope of
consolidation): Yes
New companies: ― (company name)
Excluded companies: 1 company; (company name): Unitika Logistics Co., Ltd.
(Note) For details, please refer to 2. Matters concerning Summary Information (Notes) (1) Changes in significant subsidiaries during the period
on Page 3 of the summary of financial statements (attachment).

(2) Adoption of special accounting methods for preparing quarterly consolidated financial statements: No(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
 Changes in accounting policies due to revisions of accounting standards: Yes
 Changes of accounting policies other than the above: No Changes in accounting estimates: No
 Retrospective restatement: No(4) Number of shares outstanding (Common stock) Number of shares outstanding at end of term (including treasury stock):3rd quarter of the fiscal year ending March 31, 2015: 577,523,433 sharesFiscal year ended March 31, 2014: 577,523,433 shares Number of treasury stocks at end of term
3rd quarter of the fiscal year ending March 31, 2015: 791,639 sharesFiscal year ended March 31, 2014: 782,356 shares Average number of shares outstanding during the term (quarterly consolidated accumulated period)
3rd quarter of the fiscal year ending March 31, 2015: 576,736,511 shares
3rd quarter of the fiscal year ended March 31, 2014: 576,751,243 shares* Information on implementation of quarterly review procedures
The summary of financial statements is not subject to quarterly review procedures in accordance with the Financial Instruments andExchange Act. At the time of disclosing the summary of financial statements, the quarterly financial statement review procedures
have been implemented.
* Explanation on appropriate use of forecasts of performance and other special items
The forward-looking statements in this document concerning forecasting of performance etc. are based on currently available
information and assumptions considered by the company to be reasonable. Such statements are neither promises nor guarantees of
future performance. The actual performance may be significantly different from forecasts due to various factors. Concerning
assumptions used as a basis for forecasting business performance and precautionary statements when using the forecast of
performance, please refer to 1. Qualitative Information on Quarterly Results (3) Explanation of future forecast information
including forecast of consolidated performance on page 3 of the attachment.

Member of Financial Accounting Standards Foundation

Dividend payment to the holders of class shares
The breakdown of dividends per share related to class shares, the rights of which are different from those of common stock, is as follows:
Annual dividends
End of Q1
Class A share

End of Q2Yen

FY ended March 31, 2014—

FY ending March 31, 2015—

End of Q3

Yen
—

—
0.00

Year end

Yen
—
—

Yen

FY ended March 31, 2014—

FY ending March 31, 2015

—

Yen
—

Yen
—

0.00

—
Yen

—
—

Yen

FY ended March 31, 2014—

FY ending March 31, 2015

—

Yen
—

Yen
—

0.00

FY ending March 31, 2015 (forecast)(Note) Dividends per share for fiscal year ending March 31, 2015 have not yet been decided.

Yen
—

—

FY ending March 31, 2015 (forecast)Class C share

Yen
—

—

FY ending March 31, 2015 (forecast)Class B share

Total

Yen

—
Yen

Yen

—

—

—

—

—

Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2015

 Table of contents for the attachment
1. Qualitative Information on Quarterly Results ....................................................................................... 2(1) Explanation of operational results .................................................................................................... 2(2) Explanation of financial situation ..................................................................................................... 3(3) Explanation of future forecast information including forecast of consolidated performance .............. 3
2. Matters concerning Summary Information (Notes) ............................................................................... 3(1) Changes in significant subsidiaries during the period ....................................................................... 3(2) Adoption of special accounting methods for preparing quarterly consolidated financial
statements ....................................................................................................................................... 3(3) Changes in accounting policies, changes in accounting estimates and retrospective restatements ...... 3
3. Quarterly Financial Statements ............................................................................................................. 5(1) Consolidated quarterly balance sheets .............................................................................................. 5(2) Consolidated quarterly statements of income and consolidated quarterly statements ofcomprehensive income .................................................................................................................... 7
Consolidated quarterly statements of income
Nine-month period ended December 31, 2014 ............................................................................. 7
Consolidated quarterly statements of comprehensive income
Nine-month period ended December 31, 2014 ............................................................................. 8(3) Notes on quarterly consolidated financial statements ........................................................................ 9(Notes on going concern assumption) .............................................................................................. 9(Notes on significant changes in shareholders’ equity) ..................................................................... 9(Segment information) .................................................................................................................. 10-1 -Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2015

1. Qualitative Information on Quarterly Results(1) Explanation of operational results
In the first nine months of the fiscal year ending March 31, 2015 (April 1, 2014 to December 31, 2014),
the Japanese economy continued to recover gradually, although it suffered a backlash that followed
robust sales induced by last-minute demand prior to the consumption tax rate increase. Recovery wasmaintained because corporate earnings increased; capital expenditure grew; and employment conditions
improved due to the continuation of the monetary easing policy by the Bank of Japan and economic
stimulus measures by the government. Meanwhile, the economies of emerging countries including
China slowed down, but those of developed countries centering on the United States continued to
improve.
In this environment, the Unitika Group tried to strengthen its foundation as a functional materials
manufacturer centering on the Polymers business and to reform the structure of low-profit businesses
and non-core businesses with the aim of achieving targets at an early stage under the growth strategy
stated in its new medium-term management plan, which started in the current fiscal year.
Consequently, in the first nine months of the fiscal year ending March 31, 2015, the Unitika Group
reported net sales of 115,007 million yen (down 3.9% year-on-year), operating income of 5,542 million
yen (up 13.5% year-on-year) and ordinary income of 4,988 million yen (up 36.3% year-on-year), andnet loss of 20,202 million yen (net income of 2,279 million yen in the previous year).
Here is an overview of the business results by segment.
[Polymers]
In the Films business, the packaging sector in Japan suffered from sluggish consumer spending
following the consumption tax rate increase, but exports grew. Sales increased in the industrial sector,
supported by a recovery in demand for electrical and electronics equipment applications. A
newly-launched product, a highly heat-resistant film, also contributed to sales growth. As a result, sales
and profits increased in the Films business.
In the Resins business, sales of nylon resins for automobile applications were stagnant. Sales of
U-Polymer, the Company’s original polyarylate resin, for office equipment-related applications
remained robust, while those for information terminal device applications remained sluggish.
Meanwhile, sales of Arrow Base, polyolefin cationic emulsion, expanded, since its functionality was
highly evaluated. As a result, sales increased but profits decreased in the Resins business.
In the Non-woven Fabrics business, exports of polyester spunbond fabrics grew steadily, but their salesin Japan, centering on daily product and agriculture applications, decreased. Meanwhile, sales of cotton
spunlace increased, because demand for wet sheet applications continued to be strong. As a result, sales
decreased but profits increased in the Non-woven Fabrics business.
Consequently, the Polymers business posted operating income of 5,017 million yen (up 5.3%
year-on-year) on net sales of 48,477 million yen (down 0.4% year-on-year).
[Advanced Materials]
In the Glass Fibers business, sales of building-related materials continued to be robust in the industrial
materials sector. In the electronic materials sector, sales of IC cloth, especially ultra thin ones forsemiconductor and smartphone applications, also continued to grow steadily. In the Glass Beads
business, shipments for industrial applications increased solidly, although sales for road marking
applications were stagnant. Meanwhile, in the Activated Carbon Fibers business, shipments for water
purifier applications and air purifying equipment applications, etc. remained weak.
Consequently, the Advanced Materials business posted operating income of 1,409 million yen (up12.4% year-on-year) on net sales of 11,026 million yen (up 2.7% year-on-year).
[Fibers and Textiles]
In the Industrial Materials business, sales of ultra-high strength polyester filament yarn increased
steadily due to robust demand in the field of building and civil engineering, its main applications. In the
short-fiber polyester business, profitability improved substantially due to efforts to reduce the marketingof low-profit products. Profitability of vinylon fiber for reinforced concrete applications, a replacement
for asbestos, improved due to progress in the shift to high-profit products in exports to Europe andemerging countries. However, the Company needs to reduce costs to raise profitability further.
In the Garments, Lifestyle Materials, and Bedding business, sales in the sports field remained sluggish
in Japan, but sales in the uniform field increased due to a recovery of demand for uniforms for factory
workers. Meanwhile, in women’s clothing fields, sales of both clothing materials and finished products
remained steady.
-2 -Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2015

Consequently, the Fibers and Textiles business posted operating income of 629 million yen (operating
loss of 233 million yen in the same period of the previous year) on net sales of 48,229 million yen(down 1.6% year-on-year).
[Others]
In the Healthcare & Amenity business, sales of health food, such as Byakugen Houou, suffered from abacklash against strong sales that had been supported by last-minute demand before the consumption
tax rate hike, but sales of functional dietary materials and feed materials centering on Ceramide
remained strong.
In the Medical business, sales of catheters and clinical diagnostic reagents were solid, although sales ofBeschitin were sluggish.
In the Real Estate business, sales decreased because the completion of newly developed properties fell
from the previous year.
Consequently, the Others category posted operating income of 304 million yen (down 69.8%
year-on-year) on net sales of 7,273 million yen (down 35.8% year-on-year).
(2) Explanation of financial situation
Total assets decreased by 8,486 million yen from the end of the previous consolidated fiscal year to245,695 million yen. This was mainly due to a decrease in property, plant and equipment despite anincrease in cash and deposits. Liabilities decreased by 27,168 million yen from the end of the previous
consolidated fiscal year to 207,644 million yen. This was mainly due to a fall in interest-bearing debts.
Net assets increased by 18,681 million yen from the end of the previous consolidated fiscal year to
38,050 million yen. This was mainly due to an increase in shareholders’ equity by the issuance ofcommon shares.
(3) Explanation of future forecast information including forecast of consolidated performance
The Unitika Group will promote its growth strategy and carry out its business portfolio restructuring astargets for the first year of its new medium-term management plan announced on May 26, 2014.
The Company has not changed the forecast of consolidated performance for fiscal year ending March
31, 2015 announced on May 26, 2014 in accordance with the new medium-term management plan.
2. Matters concerning Summary Information (Notes)(1) Changes in significant subsidiaries during the period
The Company absorbed Unitika Logistics Co., Ltd. and became the surviving company during the third
quarter of the current consolidated accounting year. As a result, Unitika Logistics Co., Ltd. wasterminated and removed from the scope of consolidation.
(2) Adoption of special accounting methods for preparing quarterly consolidated financial statements
Not applicable(3) Changes in accounting policies, changes in accounting estimates and retrospective restatements(Changes in accounting policies)(Application of the Accounting Standard for Retirement Benefits)
Effective from the first quarter of the current consolidated accounting year, the Unitika Group has
applied the Accounting Standard for Retirement Benefits (ASBJ Statement No.26, issued May 17, 2012;
hereinafter, the Accounting Standard) and the Guidance on the Accounting Standard for Retirement
Benefits (ASBJ Guidance No.25, issued May 17, 2012; hereinafter, the Guidance). In accordance withthe provisions stipulated in the main clause of Article 35 of the Accounting Standards and in the mainclause of Article 67 of the Guidance, the Group reviewed the method of calculation for retirement
benefit obligations and service costs, and changed the method of attributing expected retirement benefit
to periods from the fixed amount per period standard to the benefit formula standard; and changed themethod of calculating discount rate from a method based on the number of years close to averageremaining service periods for employees to a method using a single weighted average discount rate thatreflects the estimated timing of benefit payment and amount of benefit payments by the estimatedtiming.
The Accounting Standards and Guidance have been applied in a transitional manner as provided inparagraph 37 of the Accounting Standard, and the effects from the changes in calculation method for
retirement benefit obligations and service costs have been reflected in retained earnings at the beginningof the first nine months of the current consolidated accounting year.
-3 -Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2015

Consequently, net defined benefit liability decreased by 1,426 million yen and retained earnings
increased by 1,426 million yen at the beginning of the first nine months of the current consolidated
accounting year. In addition, operating income, ordinary income, and net income before income taxes
decreased by 164 million yen, respectively, in the first nine months of the current consolidated
accounting year.

-4 -Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2015

3. Quarterly Financial Statements(1) Consolidated quarterly balance sheets(Unit: Millions of yen)Previous consolidated
fiscal year
(March 31, 2014)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Land
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-5 -Q3 of FY ending March 2015
(December 31, 2014)

19,58735,32439,891
4,736(169)
99,37028,37837,081
40,112
5,828(175)
111,225

103,036
45,551
148,588

85,03342,733
127,766

9
1,191
1,201

6
1,431
1,438

5,294
(273)
5,020
154,811254,181

5,539
(274)
5,264
134,469
245,695

Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2015

(Unit: Millions of yen)Previous consolidated
fiscal year
(March 31, 2014)
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Income taxes payable
Provision for bonuses
A product repair reserve fund
Provision for business structure improvement
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Provision for directors’ retirement benefits
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets-6 -Q3 of FY ending March 2015
(December 31, 2014)

19,696
70,12539,240
1,035
1,595
1,284
566
11,012
144,555

21,133
2,013
1,364
771
830
1,038
1,816
12,446
41,41555,18726
13,03422,00890,257
234,813132,226
26
12,016
21,959166,229
207,644

26,298
4,385(11,392)(44)
19,245100
60,275(24,322)(45)
36,008

265

323

(8)
2,918
(2,904)(3,977)(3,705)
3,828
19,368254,181

(235)
4,879
(3,652)(2,950)(1,636)
3,678
38,050245,695

Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2015

(2) Consolidated quarterly statements of income and consolidated quarterly statements of comprehensive
income(Consolidated quarterly statements of income)(Nine-month period ended December 31, 2014)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Share of profit of entities accounted for using
equity method
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investment securities
Dividends from liquidation of securities
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Impairment loss
Business structure improvement expenses
Other
Total extraordinary losses
Income (loss) before income taxes and minority
interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income (loss) before minority interests
Minority interests in income (loss)
Net income (loss)

Nine-month period
ended December 31, 2013
(April 1, 2013 to
December 31, 2013)
119,732
97,342
22,39017,505
4,884(Unit: Millions of yen)
Nine-month period
ended December 31, 2014
(April 1, 2014 toDecember 31, 2014)
115,007
92,15622,85017,308
5,542

83
79
1,133
10

101
72
1,772
7

566
1,872

407
2,362

2,241
857
3,099
3,658

2,051
864
2,916
4,988

275
186
462

—
—
—

361
—
134
295
792
3,328

401
2,894
21,102481
24,880(19,892)

817
182
1,000
2,328
48
2,279

765
(368)
397
(20,289)(87)(20,202)-7 -Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2015

(Consolidated quarterly statements of comprehensive income)(Nine-month period ended December 31, 2014)

Income (loss) before minority interests

Nine-month period ended
December 31, 2013
(April 1, 2013 to
December 31, 2013)
2,328(Unit: Millions of yen)
Nine-month period ended
December 31, 2014
(April 1, 2014 toDecember 31, 2014)(20,289)

119
(2)
340
—

57
(224)
(813)
1,026

456
2,785

45
(20,243)

2,611(20,093)

173

(149)

Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans,
net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to minority
interests-8 -Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2015

(3) Notes on quarterly consolidated financial statements(Notes on going concern assumption)
Not applicable(Notes on significant changes in shareholders’ equity)
In conjunction with the payment of funds related to the issuance of class shares through a private
placement on July 31, 2014, a resolution (the amount of capital stock, decrease in the amount of legal
capital surplus and legal retained earnings, and disposal of surplus), which was passed at a regularshareholders meeting held on June 27, 2014, took effect. Accordingly, the Company transferred thefunds as follows:(1) Increase in capital stock, etc. by the issuance of class shares
Increase in capital stock: 18,749 million yen
Increase in legal capital surplus: 18,749 million yen(2) Decrease in capital stock, etc.
Decrease in capital stock: 44,947 million yen
Decrease in legal capital surplus: 23,134 million yen
Increase in other capital surplus: 68,082 million yen
Decrease in legal retained earnings: 1,506 million yen
Increase in retained earnings brought forward: 1,506 million yen(3) Disposal of surplus
Decrease in other capital surplus: 7,806 million yen
Decrease in general reserve: 1,150 million yen
Increase in retained earnings brought forward: 8,956 million yen-9 -Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2015

(Segment information)
Segment Information
I. Nine-month period ended December 31, 2013 (April 1, 2013 to December 31, 2013)
Information on net sales, income or loss by reportable segment(Unit: Millions of yen)
Reportable segment
Polymers

Advanced Fibers &Materials Textiles

Total

Other
(Note 1)

Total

Adjustment(Note 2)

Figure in quarterly
consolidated
statements ofincome(Note 3)

Net sales
Net sales to outside customers
Inter-segment sales or transfers

48,652
17

10,741
46

49,015
197

108,409261

11,323 119,732
1,219
1,481

—
(1,481)

119,732—

Total

48,67010,78749,213

108,671

12,543 121,214(1,481)

119,732

Segment income (loss)
4,764
1,253
(233)
5,784
1,008
6,793
(1,908)4,884(Notes) 1. Other includes the Environmental Business, Medical Business, Health & Amenity Business, and Real Estate-related
Business.
2. Adjustment of (1,908) million yen for Segment income (loss) includes corporate expenses that are not allocated to eachreportable segment.
3. Segment income (loss) is adjusted with operating income in quarterly consolidated statements of income.

II. Nine-month period ended December 31, 2014 (April 1, 2014 to December 31, 2014)
Information on net sales, income or loss by reportable segment(Unit: Millions of yen)
Reportable segment
Polymers

Advanced Fibers &Materials Textiles

Total

Other
(Note 1)

Total

Adjustment(Note 2)

Figure in quarterly
consolidated
statements ofincome(Note 3)

Net sales
Net sales to outside customers
Inter-segment sales or transfers

48,47748

11,02640

48,229157

107,734
246

7,273 115,007
949
1,196

—
(1,196)

115,007—

Total

48,525

11,067

48,387

107,981

8,222 116,203(1,196)

115,007

Segment income
5,017
1,409
629
7,057
304
7,362
(1,819)5,542(Notes) 1. Other includes the Environmental Business, Medical Business, Health & Amenity Business, and Real Estate-related
Business.
2. Adjustment of (1,819) million yen for Segment income includes corporate expenses that are not allocated to eachreportable segment.
3. Segment income is adjusted with operating income in quarterly consolidated statements of income.

- 10 -