Member of Financial Accounting Standards Foundation

Financial Results for the 3rd Quarter of the Fiscal Year Ending March 31, 2012
February 6, 2012
Listed stock exchanges: Tokyo Stock Exchange, Osaka Securities Exchange
Company name: Unitika Ltd.
Code number: 3103
URL: http://www.unitika.co.jp/e/home.htm
Representative: Kenji Yasue, President and Chief Executive Officer
Contact: Shoji Ishikawa, General Manager of Accounting Department
TEL: +81-6-6281-5721
Expected submission of quarterly report: February 10, 2012
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, 2012 (April 1, 2011 to December 31, 2011)(1) Consolidated performance (accumulation)(Percentages represent changes from same period in previous year.)Net sales

Operating income
%
(2.3)
(1.0)

Millions of yen

Q3 of FY ending March 31, 2012
Q3 of FY ended March 31, 2011

(Note) Comprehensive income

129,504
132,595

Ordinary income

%
(0.2)
17.2

Millions of yen

7,251
7,265

%
0.0
19.7

Millions of yen

3,898
3,898

Quarterly net income
Millions of yen

2,292
2,279

%
0.6
396.0

Q3 of FY ending March 31, 2012: 1,788 million yen [-21.4%]Q3 of FY ended March 31, 2011: 2,273 million yen [%]Quarterly net income per share

Quarterly net income per share after full dilution
Yen
4.04

Yen
4.20
4.79

Q3 of FY ending March 31, 2012
Q3 of FY ended March 31, 2011

(2) Consolidated financial situation
Total assets
Q3 of FY ending March 31, 2012
FY ended March 31, 2011

(Reference) Shareholders’ equity

Net assets

Millions of yen
276,422
268,740

Capital adequacy ratio

Millions of yen
32,79025,977%10.5
8.3

3rd quarter of fiscal year ending March 31, 2012: 29,086 million yen
Fiscal year ended March 31, 2011: 22,336 million yen

2. Dividend payment
Dividends per share
End of Q1

End of Q2

FY ended March 31, 2011
FY ending March 31, 2012

End of Q3
Yen
0.00

Yen



Year end
Yen

Annual



Yen
0.00

Yen
0.00



0.00

0.00

0.00

FY ending March 31, 2012 (forecast)(Note) Revision of the latest dividend forecast: None

3. Forecast of consolidated performance for fiscal year ending March 31, 2012 (April 1, 2011 to March 31, 2012)(% figures represent changes from same period in previous year.)Net sales
Millions of yen

Operating income%

178,500
FY ending March 31, 2012
(1.2)
(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%

Millions of yen

12,500

18.9

8,000

30.7

3,500

43.2

6.34

Member of Financial Accounting Standards Foundation

4. Others(1) Changes in significant subsidiaries during the period: No(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: No 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, 2012: 572,960,324 sharesFiscal year ended March 31, 2011: 475,969,000 shares Number of treasury stocks at end of term
3rd quarter of the fiscal year ending March 31, 2012: 569,333 sharesFiscal year ended March 31, 2011: 561,784 shares Average number of shares outstanding during the term (quarterly consolidated accumulated period)
3rd quarter of the fiscal year ending March 31, 2012: 545,509,365 shares
3rd quarter of the fiscal year ended March 31, 2011: 475,418,244 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 Instrument s 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 performance forecasting, etc., are based on currently available
information and assumptions considered reasonable by the company. Actual performance may differ significantly from the forecast
due to various factors. Concerning assumptions used as a basis for forecasting business performance and precautionary statements
when using the forecast, please refer to 1.Qualitative Information on Quarterly Results, (3) Qualitative information on the forecastof consolidated results on pages 3 of the attachment.

Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2012 Table of contents for the attachment
1. Qualitative Information on Quarterly Results ....................................................................................... 2(1) Qualitative Information on Consolidated Results ............................................................................. 2(2) Qualitative information on financial positions .................................................................................. 3(3) Qualitative information on the forecast of consolidated results ......................................................... 3
2. Matters concerning Summary Information (Other) ............................................................................... 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 .............................................................................................................. 4(1) Consolidated quarterly balance sheets .............................................................................................. 4(2) Consolidated quarterly statements of income and consolidated quarterly statements ofcomprehensive income .................................................................................................................... 6
Consolidated quarterly statements of income
Nine-month period ended December 31, 2011 ................................................................................. 6
Consolidated quarterly statements of comprehensive income
Nine-month period ended December 31, 2011 ................................................................................. 7(3) Notes on going concern assumption ................................................................................................. 8(4) Segment information ....................................................................................................................... 8(5) Notes on significant changes in shareholders’ equity ........................................................................ 8-1 -Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2012

1. Qualitative Information on Quarterly Results(1) Qualitative Information on Consolidated Results
In the first nine-month period of the current fiscal year (April 1, 2011 to December 31, 2011), theJapanese economy was recovering slowly until the summer. However, the outlook became gloomier
because of the sovereign debt crisis in Europe, a global economic slowdown, including the decelerationof growth in emerging countries including China, slumping exports from Japan due to theunprecedented appreciation of the yen against major currencies, and the shift in industrial operations
from Japan to overseas. In such an environment, the Unitika Group reported net sales of 129,504
million yen (down 2.3% year-on-year), operating income of 7,251 million yen (down 0.2%
year-on-year), ordinary income of 3,898 million yen (up 0.0% year-on-year), and net income of 2,292
million yen (up 0.6% year-on-year). Net sales decreased because the Group transferred theEnvironmental Division. Operating, ordinary and net income remained almost unchanged from theprevious year because of a decline in demand for electrical and electronic applications after summer
2011.
Here is an overview of the business results by segment.
[Polymers]
In the films segment, cumulative sales increased in the packaging field despite a sudden inventory
adjustment since the fall. Meanwhile, sales in the industrial field decreased because of weaker demandfor electrical and electronic applications. Earnings in the films segment as a whole grew due to anincrease in shipments until the second quarter of the current fiscal year. In the resins segment, earnings
decreased due to sluggish demand for lucrative electric and electronics applications and officeequipment applications, while shipments for automobile applications fluctuated. In the non-woven
fabric segment, shipments of polyester spunbond for sanitary material and roofing applications were
solid, but those for carpet applications, one of the main uses, were weak. Shipments of cotton spunlace
for wet sheet applications were steady due to strong demand during summer.
[Advanced Materials]
In the glass fibers segment, shipments for building and civil engineering refurbishment applications
remained steady. In the IC cloth segment, the division continued struggling to remain profitable amid alingering semiconductor market slump, though profitability gradually recovered because some demand
shifted to high value added products. In the glass beads segment, sales remained sluggish because therecovery in demand for industrial applications was delayed until the winter. In the activated carbon
fibers segment, shipments for water purifiers, including those built into faucets, and professional-use
mask applications increased strongly.
[Fibers and Textiles]
In the industrial material segment, shipments of ultra-high-strength polyester filament yarn for
construction and civil engineering applications continued to be strong. The division had difficulty
expanding sales of short-fiber polyester due to price competition with foreign-made products as a resultof the strong yen. In the vinylon fibers segment, the division failed to improve profitability, because
demand from reinforced concrete applications declined due to the deterioration of the European
economy and the effects of price competition with overseas products caused by the rising yen. In thegarments, lifestyle materials and bedding segment, shipments of uniforms maintained momentum. In
addition, sales of differentiated threads and functional materials in the field of sportswear and women’s
clothing grew steadily, contributing to an improvement in profitability.
[Others]
In the health & amenity segment, sales of health food and feeding stuff increased solidly, but sales offunctional dietary materials were sluggish due to weak domestic demand. In the medical segment, salesof catheters for the treatment of circulatory system diseases grew in the medical product field, whilesales of enzymes and clinical diagnostic reagents were strong in the biochemical field. In addition, thereal estate segment remained solid, because of the completion of a new development project.

-2 -Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2012

(2) Qualitative information on financial positions
Total assets increased by 7,682 million yen from the end of the previous fiscal year to 276,422 million
yen, mainly due to an increase in notes and accounts receivable-trade, inventories and property, plantand equipment. Liabilities grew by 869 million yen from the end of the previous fiscal year to 243,632
million yen, mainly because of an increase in provisions despite a decrease in loans payable. Net assets
increased by 6,812 million yen from the end of the previous fiscal year to 32,790 million yen, mainly
due to an increase in both capital stock and capital surplus by the exercise of subscription rights toshares and retained earnings.
(3) Qualitative information on the forecast of consolidated results
The Group did not revise its full-year forecast of consolidated results announced on May 10, 2011.
2. Matters concerning Summary Information (Other)(1) Changes in significant subsidiaries during the period
Not applicable(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
Not applicable(Additional information)
Due to accounting changes and corrections of prior period errors that are conducted after the beginning of
the first three-month period of the fiscal year ending March 31, 2012, the Company has adopted the
Accounting Standard for Accounting Changes and Error Corrections (ASBJ Statement No. 24, issued on
December 4, 2009) and Guidance on Accounting Standard for Accounting Changes and Error Corrections(ASBJ Guidance No. 24, issued on December 4, 2009).

-3 -Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2012

3. Quarterly financial statements(1) Consolidated quarterly balance sheets(Unit: Millions of yen)Previous consolidated
fiscal year
(March 31, 2011)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Inventories
Other
Allowance for doubtful accounts
Total current assets
Noncurrent 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 noncurrent assets
Total assets-4 -Q3 of FY ending March 2012
(December 31, 2011)16,78641,89846,615
4,514(233)
109,580

15,76944,464
52,112
3,911(219)
116,038

104,606
47,062
151,669

104,730
48,807
153,538

3
727
731

23
762
786

7,368
(609)
6,758
159,159
268,740

6,644
(585)
6,059
160,384
276,422

Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2012

(Unit: Millions of yen)Previous consolidated
fiscal year
(March 31, 2011)
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
Provision for loss on construction contracts
Provision for business structure improvement
Other
Total current liabilities
Noncurrent liabilities
Long-term loans payable
Provision for retirement benefits
Provision for directors’ retirement benefits
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
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
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets-5 -Q3 of FY ending March 2012
(December 31, 2011)

24,95273,89337,480
325
1,160

624
10,869149,306

24,71470,736
32,668
317
985
10
208
12,921
142,563

71,176
5,651
71
16,55693,456
242,762

78,472
6,784
59
15,752
101,069
243,632

23,798
1,661(1,943)(55)
23,46026,298
4,161
347
(55)
30,751

(49)

(134)

43
2,452
(3,569)(1,123)
3,641
25,977
268,740

1
2,575(4,107)(1,665)
3,703
32,790276,422

Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2012

(2) Consolidated quarterly statements of income and consolidated quarterly statements of comprehensive
income(Consolidated quarterly statements of income)(Nine-month period ended December 31, 2011)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
Other
Total non-operating income
Non-operating expenses
Interest expenses
Equity in losses of affiliates
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of noncurrent assets
Total extraordinary income
Extraordinary loss
Loss on disposal of noncurrent assets
Loss on valuation of investment securities
Business structure improvement expenses
Loss on abolishment of retirement benefit plan
Other
Total extraordinary loss
Income before income taxes and minority
interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income

Nine-month period
ended December 31, 2010
(April 1, 2010 to
December 31, 2010)
132,595
107,156
25,43818,172
7,265(Unit: Millions of yen)
Nine-month period
ended December 31, 2011
(April 1, 2011 to
December 31, 2011)
129,504
104,140
25,364
18,112
7,251

141
99
41
760
1,043

107
101

719
928

2,695

1,716
4,411
3,898

2,461
197
1,622
4,282
3,898

293
293

16
16

349
677
242
13
702
1,986
2,205

422
9
588
299
211
1,531
2,384

433
(535)
(101)
2,307
28
2,279

331
(283)
47
2,336
43
2,292

-6 -

Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2012

(Consolidated quarterly statements of comprehensive income)(Nine-month period ended December 31, 2011)

Income before minority interests

Nine-month period ended
December 31, 2010
(April 1, 2010 to
December 31, 2010)
2,307

Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

269
(9)

Revaluation reserve for land
Foreign currency translation adjustment
Share of other comprehensive income of associates
accounted for using equity method
Total other comprehensive income
Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable to owners of
the parent
Comprehensive income attributable to minority
interests-7 -(Unit: Millions of yen)
Nine-month period ended
December 31, 2011
(April 1, 2011 to
December 31, 2011)
2,336


(277)
(16)

(84)
(41)
150
(547)
(24)

(33)
2,273

(548)
1,788

2,311

1,750

(38)

37

Unitika Ltd. (3103)

Financial results for 3rd quarter of fiscal year ending March 31, 2012

(3) Notes on going concern assumption
Not applicable(4) Segment information[Segment Information]
Information on net sales, income or loss by reportable segment
Nine-month period ended December 31, 2010 (April 1, 2010 to December 31, 2010)(Unit: Millions of yen)
Reportable segment
Polymers

Advanced Fibers &Materials Textiles

Total

Net sales
Net sales to outside customers

49,661

11,216

56,796

117,674

Inter-segment sales or transfers

24

15

135

174

49,685

11,23156,931

117,848

Total

Other
(Note 1)

Total

Figure in quarterly
consolidated
Adjustment
statements of(Note 2)income(Note 3)


(1,677)

132,595

1,677

16,423 134,272(1,677)

132,595

14,921 132,595
1,502



Segment income (loss)
7,425
1,186
357
8,968
222
9,191
(1,925)
7,265(Notes) 1. Other includes the Environmental Business, Medical Business, Health & Amenity Business, and Real Estate-related
Business.
2. The adjustment of 1,925 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.

Nine-month period ended December 31, 2011 (April 1, 2011 to December 31, 2011)(Unit: Millions of yen)
Reportable segment
Polymers

Advanced Fibers &Materials Textiles

Total

Net sales
Net sales to outside customers

51,557

11,35355,807

118,719

Inter-segment sales or transfers

14

34

176

225

51,572

11,38855,983

118,944

Total

Other
(Note 1)

Total

Adjustment(Note 2)

Figure in quarterly
consolidated
statements ofincome(Note 3)


(1,672)

129,504

1,672

12,232 131,176(1,672)

129,504

10,785 129,504
1,446



Segment income (loss)
6,900
1,249
562
8,711
326
9,038
(1,786)
7,251(Notes) 1. Other includes the Environmental Business, Medical Business, Health & Amenity Business, and Real Estate-related
Business.
2. The adjustment of 1,786 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.

(5) Notes on significant changes in the amount of shareholders’ equity
During the Nine-month period ended December 31, 2011, due to conversion (exercise) of No.1
unsecured convertible bond-type bonds with subscription rights to shares, capital stock and capitalsurplus each increased by 2,500 million yen. Consequently, capital stock and capital surplus totaled
26,298 million yen and 4,161 million yen, respectively, at the end of the first nine-month period of the
fiscal year ending March 31, 2012.

-8 -