Member of Financial Accounting Standards Foundation

Financial Results for the 2nd Quarter of the Fiscal Year Ending March 31, 2014
November 8, 2013
Listed stock exchanges: Tokyo Stock 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: November 13, 2013
Expected commencement date for paying dividend: –Preparation of supplementary explanation documents for quarterly financial results: Yes
Holding of an analyst meeting for quarterly financial results: Yes (for securities analysts and institutional investors)(Figures rounded to nearest million yen.)
1. Consolidated performance for 2nd quarter of fiscal year ending March 31, 2014 (April 1, 2013 to September 30, 2013)(1) Consolidated performance (accumulation)(Percentages represent changes from same period in previous year.)Net sales

Q2 of FY ending March 31, 2014
Q2 of FY ended March 31, 2013

(Note) Comprehensive income

Operating income%
2.8(12.5)

Millions of yen

78,30776,152

Ordinary income%
34.6(52.6)

Millions of yen

3,119
2,317

%
362.2
(81.2)

Millions of yen

2,255
487

Quarterly net income
Millions of yen

1,648
(931)

%
—
—

Q2 of FY ending March 31, 2014: 2,690 million yen [%]Q2 of FY ended March 31, 2013: (625) million yen [%]Quarterly net income per share

Quarterly net income per share after full dilution
Yen

Yen
2.86
(1.62)

Q2 of FY ending March 31, 2014
Q2 of FY ended March 31, 2013(2) Consolidated financial situation
Total assets
Q2 of FY ending March 31, 2014
FY ended March 31, 2013

(Reference) Shareholders’ equity

Net assets

Millions of yen
260,956
255,054

Capital adequacy ratio

Millions of yen
24,00721,317%7.8
7.0

2nd quarter of fiscal year ending March 31, 2014: 20,283million yen
Fiscal year ended March 31, 2013: 17,809 million yen

2. Dividend payment
Dividends per share
End of Q1

End of Q2Yen

FY ended March 31, 2013
FY ending March 31, 2014

End of Q3
Yen
0.00




Year end
Yen

Annual



Yen
0.00

Yen
0.00



0.00

0.00

0.00

FY ending March 31, 2014 (forecast)(Note) Revision of the latest dividend forecast: None

3. Forecast of consolidated performance for fiscal year ending March 31, 2014 (April 1, 2013 to March 31, 2014)(% figures represent changes from same period in previous year.)Net sales
Millions of yen

Operating income%

165,000
FY ending March 31, 2014
3.0
(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

7,500

35.9

4,000

3.8

2,000



3.47

Member of Financial Accounting Standards Foundation* Notes(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):
2nd quarter of the fiscal year ending March 31, 2014: 577,523,433 sharesFiscal year ended March 31, 2013: 577,523,433 shares Number of treasury stocks at end of term
2nd quarter of the fiscal year ending March 31, 2014: 775,023 sharesFiscal year ended March 31, 2013: 766,802 shares Average number of shares outstanding during the term (quarterly consolidated accumulated period)
2nd quarter of the fiscal year ending March 31, 2014: 576,753,182 shares
2nd quarter of the fiscal year ended March 31, 2013: 576,153,196 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 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 4 of the attachment.

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2014

 Table of contents for the attachment
1. Qualitative Information on Quarterly Results ....................................................................................... 2(1) Explanation of operational results .................................................................................................... 2(2) Explanation of financial situation ..................................................................................................... 4(3) Explanation of future forecast information including forecast of consolidated performance .............. 4
2. Matters concerning Summary Information (Notes) ............................................................................... 4(1) Changes in significant subsidiaries during the period ....................................................................... 4(2) Adoption of special accounting methods for preparing quarterly consolidated financial
statements ....................................................................................................................................... 4(3) Changes in accounting policies, changes in accounting estimates and retrospective restatements ...... 4
3. Critical events, etc., regarding the assumption of a going concern......................................................... 44. 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
Six-month period ended September 30, 2013 ................................................................................... 7
Consolidated quarterly statements of comprehensive income
Six-month period ended September 30, 2013 ................................................................................... 8(3) Consolidated quarterly statements of cash flows .............................................................................. 9(4) Notes on quarterly consolidated financial statements ...................................................................... 10(Notes on going concern assumption) ............................................................................................ 10(Notes on significant changes in shareholders’ equity) ................................................................... 10(Segment information) .................................................................................................................. 10
5. Supplementary Information ................................................................................................................ 11-1 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2014

1. Qualitative Information on Quarterly Results(1) Explanation of operational results
In the first six months of the fiscal year ending March 31, 2014 (April 1, 2013 to September 30, 2013),
Japan’s economic outlook remained unclear, due to concerns over soaring energy costs and the slowing
down of the Chinese economy, although the Japanese economy gradually recovered against the
backdrop of positive effects of the government’s economic policies and the Bank of Japan’s monetary
policy, the improvement of the export environment supported by the robust U.S. economy anddepreciation of the yen, and some signs of an upturn in consumer spending.
Under these circumstances, the Unitika Group promptly implemented measures under its medium-term,
three-year management plan, ―Change & Challenge 2014,‖ such as the growth strategy and measures to
respond to changes in business environment, including a price revision, to strengthen its operating
foundations as a manufacturer of functional materials, centering on the Polymers business, and to
improve profitability of low-margined businesses. Consequently, the Group reported net sales of 78,307
million yen (up 2.8% year-on-year), operating income of 3,119 million yen (up 34.6% year-on-year),ordinary income of 2,255 million yen (up 362.2% year-on-year) and net income of 1,648 million yen (anet loss of 931 million yen in the previous year).
The Unitika Group has decided it will continue to pay no interim dividend for the fiscal year ending
March 31, 2014. The management sincerely appreciates shareholders’ understanding in this matter.
Here is an overview of the business results by segment.
[Polymers]
In the Films business, demand gradually recovered in the packaging sector, leading to a rise in sales
volumes and amounts, while sales volumes and amounts decreased in the industrial sector due to a slow
recovery of demand for electrical and electronics equipment applications. Net sales increased but profits
fell in the Films business, since it took time before the effect of the price revision to cope with rising
raw material and fuel prices was fully seen.
In the Resins business, shipments of nylon for the automobile sector increased steadily, and shipmentsof ―U-Polymer,‖ the Company’s original polyarylate resin, and ―Elitel,‖ copolymeric polyester resin,
for information terminal device applications, such as smartphones, grew solidly. In addition, sales of―Arrow Base,‖ an environmentally-friendly water-based polyolefin cationic emulsion, which theCompany had started marketing at full scale in the previous term, expanded steadily. As a result, net
sales and profits grew in the Resins business.
In the Non-woven Fabrics business, earnings of polyester spunbond fabrics increased, because orders
for ―Eleves Capping Sheet,‖ a product used for disposal of decontamination waste, grew and the
profitability of the export business improved, despite sluggish shipments for building material
applications. Earnings of cotton spunlace decreased because of soaring manufacturing costs, etc.,
although its sales grew steadily because sales volumes for wet sheet applications recovered due to therecord-breaking hot summer. Finally, net sales and profits grew in the Non-woven Fabrics business.
The Company strived to promote the use of ―Terramac,‖ a biomass plastic, in the field of films, resins,
non-woven fabric and textiles. Although sales volumes slightly decreased in the field of films and resins,there were some signs that the entire shipments figures turned around because demand recovered in thefield of non-woven fabric and textiles.
Consequently, the Polymers business posted operating income of 3,205 million yen (down 6.9%
year-on-year) on net sales of 32,487 million yen (up 6.3% year-on-year).

-2 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2014

[Advanced Materials]
In the Glass Fibers business, shipments for building and civil engineering refurbishment remained solidin the industrial material sector and sales in other applications increased due to a gradual recovery of
demand. In the electronic material sector, the profitability of IC cloth improved because our efforts to
expand sales for information terminal device applications paid off. In the Glass Beads business, sales
volumes for industrial use expanded due to recovery of the market and sales for road marking
applications grew because of a recovery of demand, while sales for reflective materials applications
remained weak, since demand continued to be sluggish in the European market. Meanwhile, in the
Activated Carbon Fibers business, shipments for water purifiers including those built into faucets,
automobiles, and waste water treatment applications were strong.
Consequently, the Advanced Materials business posted operating income of 875 million yen (up 86.3%
year-on-year) on net sales of 7,171 million yen (up 2.1% year-on-year).
[Fibers and Textiles]
In the Industrial Materials business, earnings of ultra-high strength polyester filament yarn remainedsluggish because of slow progress of reconstruction in the areas devastated by the March 11 earthquake
and tsunami and intensifying competition in the field of construction and civil engineering, its main
applications, while the profitability of short-fiber polyester improved because of an increase in demand
for special binder fiber products, centering on exports. Sales volumes of vinylon fiber for reinforced
concrete applications, a replacement for asbestos, did not recover, since market conditions in Europe, amain market, remained difficult, although orders in emerging countries increased thanks to our efforts
to expand sales. Meanwhile, exports of vinylon filaments to North America were strong, but those toEurope remained sluggish.
In the Garments, Lifestyle Materials, and Bedding business, earnings decreased in the uniform field,
because sales of uniforms for factory workers declined due to inventory adjustment by apparel
manufacturers and rising overseas production costs caused by the weaker yen, despite strong demand
for white gowns and uniforms for workers in the service industry. Meanwhile, sales declined in the fieldof sportswear and ladies’ fashion clothing due to fierce competition with overseas products, but sales ofhigh value-added products remained steady.
Consequently, the Fibers and Textiles business posted operating loss of 142 million yen (operating lossof 348 million yen in the previous year) on net sales of 32,524 million yen (down 1.1% year-on-year).
[Others]
In the Healthcare & Amenity business, sales of health food, especially ―Byakugen Houou‖ (welaunched a sales campaign to commemorate its 10th anniversary) and functional dietary materials, suchas lactobionic acid and L-arabinose, were solid, while sales of feed materials and food materials
centering on Ceramide were sluggish. In the Medical business, earnings increased, because sales ofcatheters for the treatment of circulatory system diseases (quad lumen catheters, a new product, soldwell) and catheters for thoracic drainage grew in the medical product sector; and exports of enzymes toEurope recovered and sales of clinical diagnostic reagents expanded in Japan in the biochemical field.
In the Real Estate business, sales of condominiums remained robust.
Consequently, the Others category posted operating income of 466 million yen (up 135.4%
year-on-year) on net sales of 6,124 million yen (up 8.3% year-on-year).

-3 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2014

(2) Explanation of financial situation
Total assets increased by 5,902 million yen from the end of the previous consolidated fiscal year to260,956 million yen. This was mainly due to an increase in cash and deposits and inventory despite adecrease in notes and accounts receivable-trade. Liabilities grew by 3,212 million yen from the end of
the previous consolidated fiscal year to 236,948 million yen. This was mainly due to an increase inloans payable despite a decrease in notes and accounts payable-trade. Net assets increased by 2,690
million yen from the end of the previous consolidated fiscal year to 24,007 million yen, mainly as aresult of an increase in retained earnings.
Here is a summary of the cash flow situation.
(Net cash provided by [used in] operating activities)
Net cash provided by operating activities during the first six months of the fiscal year ending March 31,
2014 amounted to 1,383 million yen (down by 73.6% from the previous fiscal year), due to a decreasein cash-inflow—the total of net income before income taxes, depreciation and amortization—and notes
and accounts receivable-trade during the current fiscal year.
(Net cash provided by [used in] investing activities)
Net cash used in investing activities during the first six months of the fiscal year ending March 31, 2014
amounted to 1,545 million yen (net cash of 1,734 million yen used in the previous fiscal year) due tocapital expenditures of 2,524 million yen during the current fiscal year.
(Net cash provided by [used in] financing activities)
Net cash provided by financing activities during the first six months of the fiscal year ending March 31,
2014 amounted to 6,525 million yen (down 3.6% from the previous fiscal year) due to an increase inloans payable.
Consequently, cash and cash equivalents at the end of the first six months of the fiscal year ending
March 31, 2014 increased by 6,520 million yen from the end of the previous fiscal year to 26,157
million yen.
(3) Explanation of future forecast information including forecast of consolidated performance
Though our consolidated performance for the first six-month period of the fiscal year ending March 31,
2014 exceeded the initial forecast, we did not revise the forecast of consolidated performance for the
fiscal year ending March 31, 2014, since the business outlook remained uncertain. If we judge that weneed to revise the forecast in the future, we will immediately announce this.
2. Matters concerning Summary Information (Notes)(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
3. Critical events, etc., regarding the assumption of a going concern
The Unitika Group’s shareholders’ equity amounted to 18,663 million yen in the previous consolidated
fiscal year, because the Group posted a net loss of 10,875 million yen for the previous consolidated fiscal
year. Consequently, the Unitika Group was in violation of restrictive financial covenants (criteria forshareholders’ equity on the last day of the fiscal year or the second quarter of the fiscal year) on some of
the long-term loans (outstanding balance of 4,600 million yen at the end of the previous consolidated fiscal
year). However, management does not consider that there will be any critical uncertainties regarding theassumption of a going concern, since the Group fully repaid such long-term loans in the first six-month
period of the fiscal year ending March 31, 2014.
In order to bring about a radical change in earnings, the Unitika Group continues promoting the revampingof its business structure and the reduction of fixed costs. The Group also will concentrate its resources on
growth areas, mainly the polymers and advanced materials fields, and promote a growth strategy for
improving and strengthening its organic growth to turn its business performance around.

-4 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2014

4. Quarterly Financial Statements(1) Consolidated quarterly balance sheets(Unit: Millions of yen)Previous consolidated
fiscal year
(March 31, 2013)
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-5 -Q2 of FY ending March 2014
(September 30, 2013)

19,66836,33939,7764,660(170)
100,274

26,18031,58942,8654,783(165)
105,255

103,163
45,265
148,428

103,187
46,468
149,656

14
800
815

12
895
908

5,860
(325)
5,535
154,779
255,054

5,413
(277)
5,136
155,701
260,956

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2014

(Unit: Millions of yen)Previous consolidated
fiscal year
(March 31, 2013)
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 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-6 -Q2 of FY ending March 2014
(September 30, 2013)

22,06768,43332,925
756
1,567
1,087
11,724
138,562

18,48369,381
32,391
568
1,502
513
11,553
134,394

65,162
7,752
53
22,205
95,173
233,736

71,9958,288
26
22,243
102,554
236,948

26,298
4,385(11,976)(44)
18,663

26,298
4,385(10,327)(44)
20,311

114

189

6
2,979
(3,954)(854)
3,508
21,317
255,054(3)
2,979(3,193)(28)
3,724
24,007
260,956

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2014

(2) Consolidated quarterly statements of income and consolidated quarterly statements of comprehensive
income(Consolidated quarterly statements of income)(Six-month period ended September 30, 2013)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Foreign exchange gains
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
Gain on sales of investment securities
Dividends from liquidation of securities
Gain on bargain purchaseTotal extraordinary income
Extraordinary loss
Loss on disposal of noncurrent assets
Loss on valuation of investment securities
Other
Total extraordinary loss
Income 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)

Six-month period
ended September 30, 2012
(April 1, 2012 to
September 30, 2012)
76,152
61,98014,171
11,853
2,317(Unit: Millions of yen)Six-month period
ended September 30, 2013
(April 1, 2013 to
September 30, 2013)
78,307
63,714
14,592
11,473
3,119

67
57
–
–
450
575

70
53
445
3
499
1,072

1,538
31
834
2,405
487

1,472
–
464
1,936
2,255

590
–
–
48
638

–
275
186
–
462

241
180
226
648
478

292
–
208
501
2,216

218
1,196
1,415
(936)
(5)
(931)

425
120
546
1,669
21
1,648

-7 -

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2014

(Consolidated quarterly statements of comprehensive income)(Six-month period ended September 30, 2013)

Income (loss) before minority interests

Six-month period ended
September 30, 2012
(April 1, 2012 to
September 30, 2012)(936)(Unit: Millions of yen)Six-month period ended
September 30, 2013
(April 1, 2013 to
September 30, 2013)
1,669

(13)
(20)
351
(6)

74
(9)
955
–

311
(625)

1,020
2,690

(679)

2,474

54

216

Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income of associates
accounted for using equity method
Total other comprehensive income
Quarterly comprehensive income(Comprehensive income attributable to)
Quarterly comprehensive income attributable toowners of the parent
Quarterly comprehensive income attributable tominority interests-8 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2014

(3) Consolidated quarterly statements of cash flows
Six-month period ended
September 30, 2012
(April 1, 2012 to
September 30, 2012)
Net cash provided by (used in) operating activities
Income before income taxes and minority interests
Depreciation and amortization
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in provision for retirement
benefits
Increase (decrease) in provision for businessstructure improvement
Increase (decrease) in other provisionInterest expenses
Loss (gain) on sales of noncurrent assets
Loss (gain) on disposal of noncurrent assets
Loss (gain) on valuation of investment securities
Loss (gain) on sales of investment securities
Increase (decrease) dividends from liquidation of
securities
Decrease (increase) in notes and accounts
receivable-trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts
payable-trade
Other, net
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Decrease (increase) in time deposits
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of property, plant and equipment
Proceeds from sales of property, plant andequipment
Other, net
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayment of long-term loans payable
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period-9 -(Unit: Millions of yen)Six-month period ended
September 30, 2013
(April 1, 2013 to
September 30, 2013)

478
2,721
(10)

2,216
2,468
(56)

374

500

(63)

(573)

(277)
1,538
(590)
241
180
(11)
–

(93)
1,472
–
292
–
(275)
(186)

4,800

4,972

1,354
(4,587)(2,889)(3,889)

842
6,992
124
(1,496)
(386)
5,234

(619)
3,338
123
(1,467)
(611)
1,383

(2)
(11)
139
(2,689)
910

9
(11)
759
(2,524)14(80)(1,734)206(1,545)(1,988)25,842(16,881)
(202)
6,770
(8)

518
27,431(21,240)
(184)
6,525
157

10,262

6,520

15,33925,601

19,63626,157

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2014

(4) Notes on quarterly consolidated financial statements(Notes on going concern assumption)
Not applicable(Notes on significant changes in shareholders’ equity)
Not applicable(Segment information)
Segment Information
I. Six-month period ended September 30, 2012 (April 1, 2012 to September 30, 2012)
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

30,575
11

7,026
27

32,897125

70,499
164

5,652
1,188

76,152
1,352–(1,352)

76,152–

Total

30,586

7,054

33,02370,664

6,840

77,504(1,352)

76,152

Segment income (loss)
3,442
469
(348)
3,563
198
3,761
(1,443)2,317(Notes) 1. Other includes the Environmental Business, Medical Business, Health & Amenity Business, and Real Estate-related
Business.
2. Adjustment of (1,443) 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. Six-month period ended September 30, 2013 (April 1, 2013 to September 30, 2013)
Information on net sales, income or loss by reportable segment(Unit: Millions of yen)
Reportable segment
Polymers

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

32,487
7

Advanced Fibers &Materials Textiles

7,171
31

32,524
136

Total

72,183176

Other(Note 1)

6,124
839

Total

78,307
1,015

Figure in quarterly
consolidated
Adjustment
statements of(Note 2)income(Note 3)–
(1,015)78,307–

Total
32,495
7,202 32,661
72,3596,963 79,323(1,015)78,307
Segment income (loss)
3,205
875
(142)
3,938
466
4,404
(1,285)
3,119(Notes) 1. Other includes the Environmental Business, Medical Business, Health & Amenity Business, and Real Estate-related
Business.
2. Adjustment of (1,285) 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.

- 10 -

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2014

5. Supplementary Information
1. Results and earnings forecast for fiscal year ending March 2014 (consolidated)

Consolidated

FY ended
March 2012
FY ended
March 2013
FY endingMarch 2014
Comparison
with prior year

(Millions of yen)
Ordinary
Net income
incomeNet sales

OperatingincomeFull year

174,662

9,579

5,753

1,297

Q2
Full year
Q2
Full year (forecast)
Q2
Full year (forecast)

76,152
160,190
78,307
165,000
2,154
4,810

2,317
5,519
3,119
7,500
801
1,981

487
3,853
2,255
4,000
1,767
147

(931)
(10,875)
1,648
2,000
2,579
12,875

2. Segment information (consolidated)(Millions of yen)

Net sales to outside
1st
six-month customers
period ended Component ratio (%)
September Operating income
Results for
2012
Component ratio (%)
prior fiscal
Net sales to outside
year
customers
FY ended
Component ratio (%)
March 2013
Operating income
Component ratio (%)
1st
Net sales to outside
six-month customers
period ended Component ratio (%)
September Operating income
2013
Results for(Results) Component ratio (%)
current fiscal
year
Net sales to outside
FY ending customers
March 2014 Component ratio (%)(Forecast) Operating income
Component ratio (%)
Net sales to outside
1stcustomers
six-month
Increase/decrease
period ended
from prior year (%)
SeptemberOperating income
2013(Results) Increase/decrease
Comparison
from prior year (%)
with prior
Net sales to outside
year
customers
FY ending Increase/decrease
March 2014 from prior year (%)(Forecast) Operating income
Increase/decrease
from prior year (%)

Elimination
Consolidatedor
total
corporate

Polymers

Advanced
Materials

Fibers &Textiles

30,575

7,026

32,897

5,652

40.1
3,442
148.6

9.2
469
20.2

43.2
(348)
(15.0)

7.4
198
8.5

61,217

14,081

67,714

17,177

–

38.2
6,989
126.6

8.8
1,163
21.1

42.3
(370)
(6.7)

10.7
1,324
24.0

–
(3,588)(65.0)

100.0
5,519
100.0

32,487

7,171

32,524

6,124–

78,307

41.5
3,205

9.2
875

41.5
(142)

7.8
466

–
(1,285)

100.0
3,119

102.8

28.1

(4.6)

14.9

(41.2)

100.0

67,50014,50066,50016,500

–

40.9
7,100
94.7

8.8
1,600
21.3

40.3
800
10.7

10.0
1,100
14.7

–
(3,100)(41.3)

100.0
7,500
100.0

1,911

144

(372)

471

–

2,154

6.3

2.1

(1.1)

8.3

–

2.8

(237)

405

206

268

158

801

(6.9)

86.3

–

135.4

(11.0)

34.6

6,283

419

(1,214)

(677)

–

4,810

10.3

3.0

(1.8)

(3.9)

–

3.0

111

437

1,170

(224)

488

1,981

1.6

37.6

–

(16.9)(13.6)

35.9- 11 -

Other–

76,152–(1,443)(62.3)

100.0
2,317
100.0
160,190

165,000

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2014

3. Capital expenditures, Depreciation (Property, plant and equipment), R&D expenditures, Interest-bearing liabilities,
Financial account balance, Number of full-time employees (consolidated)(¥ million, persons)

FY ended
March 2012
1st six-month
period ended
September 2012
FY ended
March 2013
1st six-month
period ended
September 2013
FY endingMarch 2014

Capitalexpenditures

Depreciation(Property,
plant andequipment)

R&D
expenditures

Interest-bearing
liabilities (endof fiscal year)

Financialaccountbalance

Number offull-time
employees(persons)

Full year

8,105

5,730

4,012

173,208(3,006)

4,745

Q2

2,977

2,625

2,228

180,078(1,413)

4,797

Full year

6,095

5,480

4,345

166,521(2,808)

4,534

Q2

2,623

2,377

1,888

173,768(1,347)

4,503

Full year(forecast)

6,495

5,226

4. Cash flow (consolidated)(Millions of yen)
Cash flowfromoperatingactivities
FY ended
March 2012
1st six-month
period ended
September 2012
FY ended
March 2013
1st six-month
period ended
September 2013

Cash flowfrominvestment
activities

Cash flowfromfinancing
activities

Cash and cash equivalents at
end of fiscal year

Full year

10,798(7,449)(4,393)

15,339Q2

5,234(1,734)6,770

25,601

Full year

16,040(4,404)(7,432)

19,636Q2

1,383(1,545)

6,525

26,157- 12 -