Member of Financial Accounting Standards Foundation

Financial Results for the 2nd Quarter of the Fiscal Year Ending March 31, 2015
November 11, 2014
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: November 12, 2014
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, 2015 (April 1, 2014 to September 30, 2014)(1) Consolidated performance (accumulation)(Percentages represent changes from same period in previous year.)Net sales

Operating income
%
(0.9)
2.8

Millions of yen

Q2 of FY ending March 31, 2015
Q2 of FY ended March 31, 2014

(Note) Comprehensive income

77,62378,307

Ordinary income

%
0.1
34.6

Millions of yen

3,123
3,119

%
(6.0)
362.2

Millions of yen

2,120
2,255

Quarterly net income%——

Millions of yen(21,613)
1,648

Q2 of FY ending March 31, 2015: (22,015) million yen [%]Q2 of FY ended March 31, 2014: 2,690 million yen [%]Quarterly net income per share

Quarterly net income per share after full dilution
Yen

Yen(37.69)2.86

Q2 of FY ending March 31, 2015
Q2 of FY ended March 31, 2014(2) Consolidated financial situation
Total assets
Q2 of FY ending March 31, 2015
FY ended March 31, 2014

(Reference) Shareholders’ equity

Net assets

Millions of yen
241,046
254,181

Capital adequacy ratio

Millions of yen
36,27819,368%13.5
6.1

2nd quarter of fiscal year ending March 31, 2015: 32,586 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




Year end
Yen

Annual
Yen
0.00



Yen
0.00

0.00

0.00
FY ending March 31, 2015 (forecast)
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): 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: 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):
2nd 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
2nd quarter of the fiscal year ending March 31, 2015: 789,597 sharesFiscal year ended March 31, 2014: 782,356 shares Average number of shares outstanding during the term (quarterly consolidated accumulated period)
2nd quarter of the fiscal year ending March 31, 2015: 576,738,174 shares
2nd quarter of the fiscal year ended March 31, 2014: 576,753,182 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 completed.
* 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.

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
—

—

—

—
Yen

FY ended March 31, 2014—

FY ending March 31, 2015

—

Yen
—

—

—
—

FY ending March 31, 2015

—

—
Yen

Yen
—

0.00
Yen

FY ended March 31, 2014

Yen
—

—
Yen

—

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

Total
Yen

0.00

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

Year end

Yen

Yen
—

—
Yen

—
Yen

Yen

—

—

—

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

—

—

0.00

Unitika Ltd. (3103)

Financial results for 2nd 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 .............. 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. 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, 2014 ............................................................................... 7
Consolidated quarterly statements of comprehensive income
Six-month period ended September 30, 2014 ............................................................................... 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
4. Supplementary Information ................................................................................................................ 11-1 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2015

1. Qualitative Information on Quarterly Results(1) Explanation of operational results
In the first six months of the fiscal year ending March 31, 2015 (April 1, 2014 to September 30, 2014),
the Japanese economy gradually recovered due to the continuation of the monetary easing policy by the
Bank of Japan and flexible fiscal expenditure by the government, but suffered from sluggish consumer
spending caused by a backlash from robust sales induced by the last-minute demand prior to theconsumption tax rate increase and unfavorable weather. Meanwhile, the outlook of overseas economies
remained uncertain because the economies of emerging countries including China have continued toslow down.
In this environment, the Unitika Group tried to strengthen the foundation as a functional materials
manufacturer centering on the Polymers business and reform the structure of low-profit businesses withthe 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. In addition, the Group finishedrecapitalization to drastically reduce interest-bearing debts and invest towards its future growth, since itcompleted payment procedures for class shares, worth around 37,500 million yen, through a private
placement at the end of July 2014. In the meantime, as part of its business portfolio restructuring, theUnitika Group posted extraordinary loss, including an impairment loss for noncurrent assets of theCompany and the Group’s Toyohashi Plant and business structure improvement expenses associatedwith the downsizing by Unitika Spinning Co., Ltd., a consolidated subsidiary.
Consequently, in the first six months of the fiscal year ending March 31, 2015, the Unitika Group
reported net sales of 77,623 million yen (down 0.9% year-on-year), operating income of 3,123 million
yen (up 0.1% year-on-year) and ordinary income of 2,120 million yen (down 6.0% year-on-year), andnet loss of 21,613 million yen (net income of 1,648 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, 2015. The management sincerely appreciates shareholders’ understanding in this matter.
Here is an overview of the business results by segment.
[Polymers]
In the Films business, sales and sales volumes decreased in the packaging sector in Japan due tosluggish sales of foods and miscellaneous daily articles after the consumption tax rate increase, but
exports remained robust. Sales and sales volume grew in the industrial sector, supported by a recovery
in demand for electrical and electronics equipment applications. As a result, sales increased but profits
decreased in the Films business.
In the Resins business, sales of nylon resins for automobile applications grew solidly in the beginningof the period but lost momentum in the latter half of the period. Sales of U-Polymer, the Company’s
original polyarylate resin, for office equipment-related applications were strong, while those for
information terminal device applications remained sluggish. Meanwhile, developing the applications ofArrow Base and XecoT, the Company’s strategic products, progressed. As a result, sales increased but
profits decreased in the Resins business.
In the Non-woven Fabrics business, exports of polyester spunbond fabrics increased steadily, but theirsales in Japan, centering on daily product applications, decreased due to weak demand after the
consumption tax rate increase. Meanwhile, sales of cotton spunlace grew due to steady demand
including wet sheet applications and other applications including exports. As a result, sales decreased
but profits increased in the Non-woven Fabrics business.
Consequently, the Polymers business posted operating income of 3,033 million yen (down 5.4%
year-on-year) on net sales of 32,300 million yen (down 0.6% year-on-year).
[Advanced Materials]
In the Glass Fibers business, shipments, mainly waterproof sheets for building and civil engineering
applications, remained strong, boosting sales in the industrial materials sector. In the electronicmaterials sector, shipments of IC cloth, especially ultra thin ones, the Company’s differentiated product,
for semiconductor and smartphone applications grew steadily, expanding sales. In the Glass Beads
business, shipments for industrial applications such as automobile applications increased solidly andsales for reflective materials applications also increased due to the Company’s efforts to recover its
market share, although sales for road marking applications decreased. Meanwhile, in the ActivatedCarbon Fibers business, shipments for automobile deodorizing and air purifying equipment applications,etc. remained weak, though those for water purifier applications remained strong.
Consequently, the Advanced Materials business posted operating income of 936 million yen (up 7.0%
year-on-year) on net sales of 7,596 million yen (up 5.9% year-on-year).
-2 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2015

[Fibers and Textiles]
In the Industrial Materials business, sales of ultra-high strength polyester filament yarn increased due torobust demand in the field of building and civil engineering, its main applications. In the short-fiber
polyester business, profitability improved thanks to the implementation of cost reduction measures andthe efforts to reduce the sales of low-profit products. Sales of vinylon fiber for reinforced concrete
applications, a replacement for asbestos, increased due to the progress of the shift to high-profit
products in exports to Europe and emerging countries. In addition, profitability, as a whole, improved inpart because of the price revision, including vinylon filaments. The Company will reduce costs to raise
profitability further.
In the Garments, Lifestyle Materials, and Bedding business, sales in the uniform field increased,because demand for uniforms for factory workers recovered, despite negative impact of the yen’s
depreciation, such as a rise in procurement costs of goods produced overseas. Meanwhile, sales in the
sports field stagnated in Japan, but sales in women’s clothing fields, centering on clothes made ofknitted fabric, remained steady.
Consequently, the Fibers and Textiles business posted operating income of 228 million yen (operating
loss of 142 million yen in the previous year) on net sales of 32,504 million yen (down 0.1%
year-on-year).
[Others]
In the Healthcare & Amenity business, sales of health food, such as Byakugen Houou, were sluggish
due to the effect of the consumption tax rate hike, but sales of functional dietary materials and feedmaterials centering on Ceramide were robust. In the Medical business, sales of quad lumen catheters, a
new product in the category of catheters for the treatment of circulatory system diseases, and exports ofenzymes increased, but sales of clinical diagnostic reagents decreased.
In the Real Estate business, sales decreased because the Company canceled the sale of some real estatefor development.
Consequently, the Others category posted operating income of 154 million yen (down 66.9%
year-on-year) on net sales of 5,222 million yen (down 14.7% year-on-year).
(2) Explanation of financial situation
Total assets decreased by 13,135 million yen from the end of the previous consolidated fiscal year to241,046 million yen. This was mainly due to a decrease in property, plant and equipment despite anincrease in cash and deposits. Liabilities decreased by 30,044 million yen from the end of the previous
consolidated fiscal year to 204,768 million yen. This was mainly due to a fall in interest-bearing debts.
Net assets increased by 16,909 million yen from the end of the previous consolidated fiscal year to36,278 million yen. This was mainly due to an increase in shareholders’ equity by the issuance ofcommon shares.
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,
2015 amounted to 5,348 million yen (up 286.5% from the previous fiscal year), due to cash-inflow (thetotal of depreciation and amortization and other) despite the recording of loss before income taxes andminority interests 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, 2015
amounted to 2,249 million yen (net cash of 1,545 million yen used in the previous fiscal year) due tocapital expenditures of 2,038 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,
2015 amounted to 8,557 million yen (up 31.1% from the previous fiscal year) due to the issuance ofcommon shares and repayment of loans payable.
Consequently, cash and cash equivalents at the end of the first six months of the fiscal year ending
March 31, 2015 increased by 11,620 million yen from the end of the previous fiscal year to 31,177
million yen.

-3 -

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2015(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
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(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 six months of the current consolidated accounting year.
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 six months of the current consolidated
accounting year. In addition, operating income, ordinary income, and net income before income taxes
decreased by 109 million yen, respectively, in the first six months of the current consolidated
accounting year.

-4 -Unitika Ltd. (3103)

Financial results for 2nd 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 -Q2 of FY ending March 2015
(September 30, 2014)

19,58735,32439,891
4,736(169)
99,37031,202
33,79137,096
4,666(169)
106,587

103,036
45,551
148,588

85,25942,666
127,925

9
1,191
1,201

7
1,271
1,279

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

5,527
(272)
5,254
134,459
241,046

Unitika Ltd. (3103)

Financial results for 2nd 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 -Q2 of FY ending March 2015
(September 30, 2014)

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

17,839
2,013
1,688
613
1,549
1,297
1,716
11,82038,53955,18726
13,03422,00890,257
234,813132,200
26
11,898
22,103
166,229
204,768

26,298
4,385(11,392)(44)
19,245100
60,275(25,733)(45)
34,597

265

312

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

(276)
4,879
(3,633)(3,292)(2,010)3,692
36,278241,046

Unitika Ltd. (3103)

Financial results for 2nd 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)(Six-month period ended September 30, 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
Net income (loss)

Six-month period
ended September 30, 2013
(April 1, 2013 to
September 30, 2013)
78,307
63,714
14,592
11,473
3,119(Unit: Millions of yen)Six-month period
ended September 30, 2014
(April 1, 2014 toSeptember 30, 2014)
77,62362,64014,982
11,858
3,123

70
53
445
3

89
48
660
8

499
1,072

276
1,083

1,472
464
1,936
2,255

1,401
684
2,085
2,120

275
186
462

–
–
–

292
–
84
123
501

259
2,894
20,139374
23,667

2,216
425
120
546
1,669
21
1,648

(21,546)
451
(385)
65
(21,612)0(21,613)-7 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2015

(Consolidated quarterly statements of comprehensive income)(Six-month period ended September 30, 2014)

Income (loss) before minority interests

Six-month period ended
September 30, 2013
(April 1, 2013 to
September 30, 2013)
1,669(Unit: Millions of yen)Six-month period ended
September 30, 2014
(April 1, 2014 toSeptember 30, 2014)(21,612)

74
(9)
955
–

46
(265)
(868)
684

1,020
2,690

(402)
(22,015)

2,474(21,879)

216

(136)

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 2nd quarter of fiscal year ending March 31, 2015

(3) Consolidated quarterly statements of cash flows

Cash flows from operating activities
Income (loss) before income taxes and minority interests
Depreciation
Impairment loss
Business structure improvement expenses
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for retirement benefits
Increase (decrease) in net defined benefit liability
Increase (decrease) in provision for business structure
improvement
Increase (decrease) in other provisionInterest expenses
Loss (gain) on disposal of non-current assets
Loss (gain) on sales of investment securities
Increase (decrease) in 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 dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from 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 and equipment
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayment of long-term loans payable
Proceeds from issuance of common shares
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 -Six-month period ended
September 30, 2013
(April 1, 2013 to
September 30, 2013)(Unit: Millions of yen)Six-month period ended
September 30, 2014
(April 1, 2014 toSeptember 30, 2014)

2,216
2,468
–
–
(56)
500
–
(573)

(21,546)
2,372
2,894
18,791
(1)
–
986
1,150

(93)
1,472
292
(275)
(186)

(30)
1,401
259
–
–

4,972

1,482

(2,889)(3,889)
(619)
3,338
123
(1,467)
(611)
1,383

1,927
(1,726)
(502)
7,458
138
(1,408)
(840)
5,348

9
(11)
759
(2,524)14
206(1,545)5(11)–(2,038)0(205)(2,249)518
27,431(21,240)
–
(184)
6,525
157
6,520
19,63626,157(24,582)50(4,054)
37,218
(74)
8,557
(35)
11,62019,557
31,177

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2015(4) 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(Segment information)
Segment Information
I. 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

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

32,4877

7,171
31

32,524136

72,183
176

6,124
839

78,3071,015–(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.

II. Six-month period ended September 30, 2014 (April 1, 2014 to September 30, 2014)
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
Total

32,30028
32,328Advanced Fibers &Materials Textiles

7,596
29
7,625

32,504102
32,606

Total

72,400159
72,560

Other(Note 1)

5,222
716
5,938

Total

77,623876
78,499Adjustment(Note 2)

Figure in quarterly
consolidated
statements ofincome(Note 3)

–
(876)
(876)

77,623–77,623

Segment income
3,033
936
228
4,198
154
4,352
(1,229)3,123(Notes) 1. Other includes the Environmental Business, Medical Business, Health & Amenity Business, and Real Estate-related
Business.
2. Adjustment of (1,229) 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 -

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2015

4. Supplementary Information
1. Results and earnings forecast for fiscal year ending March 2015 (consolidated)

Consolidated

FY ended
March 2013
FY ended
March 2014
FY endingMarch 2015
Comparison
with prior year

(Millions of yen)
Ordinary
Net income
incomeNet sales

OperatingincomeFull year

160,190

5,519

3,853

(10,875)

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

78,307
162,686
77,623
165,000
(684)
2,313

3,119
6,799
3,123
8,000
4
1,200

2,255
4,713
2,120
6,000
(134)
1,286

1,648
583
(21,613)(37,000)(23,261)(37,583)

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

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

Polymers

Advanced
Materials

Fibers &Textiles

32,487

7,171

32,524

6,124

41.5
3,205

9.2
875

41.5
(142)

102.8

28.1

65,523

Other

Elimination
Consolidatedor
total
corporate–

78,3077.8
466–(1,285)

100.0
3,119

(4.6)

14.9

(41.2)

100.0

14,85568,17014,136

40.3
6,839
100.6

9.1
1,903
28.0

41.9
424
6.2

8.7
798
11.7

–
(3,166)(46.6)

100.0
6,799
100.0

32,3007,596

32,504

5,222–

77,623

41.6
3,033

9.8
936

41.9
228

6.7
154

–
(1,229)

100.0
3,123

97.1

30.0

7.3

4.9

(39.4)

100.0

(187)

425

(20)

(901)

–

(684)

(0.6)

5.9

(0.1)

(14.7)

–

(0.9)

(172)

61

370

(311)

55

4

(5.4)

7.0

(66.9)(4.4)

0.1- 11 -––

162,686

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2015

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

Capitalexpenditures

Depreciation(Property,
plant andequipment)

R&D
expenditures

Interest-bearing
liabilities (endof fiscal year)

Financialaccountbalance

Number offull-time
employees(persons)

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

4,995

4,936

3,881

164,552(2,768)

4,513

Q2

2,378

2,267

1,973

135,902(1,263)4,571

4. Cash flow (consolidated)(Millions of yen)
Cash flowfromoperatingactivities
FY ended
March 2013
1st six-month
period ended
September 2013
FY ended
March 2014
1st six-month
period ended
September 2014

Cash flowfrominvestment
activities

Cash flowfromfinancing
activities

Cash and cash equivalents at
end of fiscal year

Full year

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

19,636Q2

1,383(1,545)

6,525

26,157Full year

6,839(4,103)(3,053)

19,557Q2

5,348(2,249)8,557

31,177- 12 -