Member of Financial Accounting Standards Foundation

Financial Report for Fiscal Year ended March 31, 2014
[Japanese GAAP] (Consolidated)
May 13, 2014

Company name: Unitika Ltd.
Code number: 3103
URL: http://www.unitika.co.jp/e/home.htm

Listed stock exchange: Tokyo Stock Exchange

Representative: Kenji Yasue, President and Chief Executive Officer
Contact: Shoji Ishikawa, General Manager of Accounting Department
TEL +81-6-6281-5721
Expected date for holding a regular shareholders meeting: June 27, 2014
Expected date for submitting securities report: June 27, 2014
Expected commencement date for paying dividend
Preparation of the attachment of Financial Report: Yes
Holding of a results presentation: Yes (for securities analysts and institutional investors)(Figures less than one million yen were omitted.)

1. Consolidated performance for fiscal year ended March 31, 2014 (April 1, 2013 to March 31,
2014)(1) Consolidated business results(Percentages represent changes from same period in previous year.)Net sales
Operating income
Ordinary income
Net income
Millions of% Millions of% Millions of% Millions of
%
yen
yen
yen
yen
FY ended March 31, 2014
162,686
1.6
6,799
23.2
4,713
22.3
583
—
FY ended March 31, 2013
160,190(8.3)
5,519(42.4)
3,853(33.0) (10,875)—(Note) Comprehensive income
FY ended March 31, 2014: 2,065 million yen [—%]FY ended March 31, 2013: (10,841) million yen [—%]Net income per
Net income per
Ratio of operating
share after full Return on equity Return on asset
share
income to sales
dilution
Yen
Yen
%
%
%
FY ended March 31, 2014
1.01
—
3.5
1.9
4.2
FY ended March 31, 2013(18.87)—(47.0)
1.5
3.4(Reference) Equity in earnings/losses of affiliates FY ended March 31, 2014: 10 million yen
FY ended March 31, 2013: (38 million yen)

(2) Consolidated financial situation
Total assets
Net assets
Capital adequacy ratio Net assets per share
Millions of yen
Millions of yen%
Yen
FY ended March 31, 2014
254,181
19,3686.1
26.94
FY ended March 31, 2013
255,054
21,3177.0
30.88(Reference) Shareholders’ equity:
FY ended March 31, 2014: 15,540 million yen
FY ended March 31, 2013: 17,809 million yen(3) Consolidated cash flows situation
Cash flows fromoperating activities

Cash flows frominvesting activities

Millions of yen
6,839
16,040FY ended March 31, 2014
FY ended March 31, 2013

Balance of cash andcash equivalents atperiod end
Millions of yen
Millions of yen(3,053)
19,557(7,432)
19,636

Cash flows fromfinancing activities

Millions of yen(4,103)(4,404)

2. Dividend payment
Annual dividend per share
End of Q1 End of Q2 End of Q3

Yen
FY ended March 31, 2013
FY ended March 31, 2014
FY ending March 31,
2015(forecast)

Yen

Yen

Year end

Annual

Yen

Yen




0.00
0.00




0.00
0.00

0.00
0.00



0.00



0.00

0.00

AnnualDividend
Dividend ratio
dividends paid payout ratio of net assets(Total)(consolidated) (consolidated)

Millions of
yen



%




%



3. Forecast of consolidated performance for fiscal year ending March 31, 2015 (April 1, 2014
to March 31, 2015)
The Unitika Group has decided to leave its forecast of consolidated performance for the fiscal year
ending March 31, 2015 undecided, since it has been reviewing its management plan, including a
possible revision of the plan, by taking into account the latest business results. The Group willpromptly disclose its forecast of consolidated performance for the fiscal year ending March 31,
2015 when it can make a rational forecast of its consolidated performance.
* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries
accompanying change of scope of consolidation): No(2) Changes in accounting policies, changes in accounting estimates and retrospective
restatement(i) Changes in accounting policies due to revisions of accounting standards: Yes(ii) Changes of accounting policies other than the above: No(iii) Changes in accounting estimates: No(iv) Retrospective restatement: No(3) Number of shares outstanding (Common stock)(i) Number of shares outstanding at end of period (including treasury stock):
Fiscal year ended March 31, 2014: 577,523,433 sharesFiscal year ended March 31, 2013: 577,523,433 shares(ii) Number of treasury stocks at end of period
Fiscal year ended March 31, 2014: 782,356 sharesFiscal year ended March 31, 2013: 766,802 shares(iii) Average number of shares outstanding during the term
Fiscal year ended March 31, 2014: 576,749,049 sharesFiscal year ended March 31, 2013: 576,460,782 shares(Reference) Summary of non-consolidated performance
1. Non-consolidated performance for fiscal year ended March 31, 2014 (April 1, 2013 to March 31,
2014)(1) Non-consolidated business results(Percentages represent changes from same period in previous year.)Net sales
Operating income
Ordinary income
Net income
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
FY ended March 31, 2014
94,137
2.3
4,634 19.1
2,415 25.4
1,346 —FY ended March 31, 2013
91,976 (6.3)
3,891 (50.0)
1,926 (60.8)(8,804) —Net income per share
FY ended March 31, 2014
FY ended March 31, 2013

Yen
2.34
(15.27)

Net income per share after
full dilutionYen(2) Non-consolidated financial situation
Total assets
Net assets
Capital adequacy ratio Net assets per share
Millions of yen
Millions of yen%
Yen
FY ended March 31, 2014
214,606
23,89911.1
41.44
FY ended March 31, 2013
217,473
22,474
10.3
38.97(Reference) Shareholders’ equity:
FY ended March 31, 2014: 23,899 million yen
FY ended March 31, 2013: 22,474 million yen* Presentation of situation of audit proceduresThis financial report is not subject to audit procedures under the Financial Instruments andExchange Law of Japan. Audit procedures concerning financial statements have not been
completed at the date of disclosure of this financial report.

* 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. Suchstatements are neither promises nor guarantees of future performance. The actual performance may besignificantly different from forecasts due to various factors. Concerning assumptions used as a basis forforecasting performance and precautionary statements when using the forecast of performance, please refer
to 1. Analysis of business results and financial situation (1) Analysis of business results: Forecast of businessperformance for fiscal year ending March 31, 2015 on page 4 of the Financial Report (the attachment).

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

 Table of contents for the attachment
1. Analysis of business results and financial situation ................................................................................................. 2(1) Analysis of business results ................................................................................................................................ 2(2) Analysis on financial situation ............................................................................................................................ 4(3) Basic policy for profit distribution and dividends for the fiscal year ended March 31, 2014 and the fiscal year
ending March 31, 2015 ............................................................................................................................................. 5
2. Management policies ................................................................................................................................................ 6(1) Basic management policies ................................................................................................................................. 6(2) Targeted management index ............................................................................................................................... 6(3) Medium- to long-term business strategies and issues to be addressed ............................................................... 6
3. Consolidated financial statements ............................................................................................................................ 8(1) Consolidated balance sheets ............................................................................................................................... 8(2) Consolidated income statement and consolidated comprehensive income statement ...................................... 10(Consolidated income statement) ....................................................................................................................... 10(Consolidated comprehensive income statement) .............................................................................................. 11(3) Consolidated statements of changes in net assets ............................................................................................. 12(4) Consolidated statements of cash flow ............................................................................................................... 14(5) Notes regarding consolidated financial statements ........................................................................................... 15(Notes regarding assumption of a going concern) .............................................................................................. 15(Significant items that are the basis for preparation of consolidated financial statements) ................................ 15(Changes in accounting policies) ........................................................................................................................ 17(Segment information etc.) ................................................................................................................................. 18(Per share information) ....................................................................................................................................... 21(Material subsequent events) .............................................................................................................................. 21
4. Other ....................................................................................................................................................................... 22
Transfer of directors ........................................................................................................................................... 22
5. Supplementary materials ........................................................................................................................................ 23-1-

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

1. Analysis of business results and financial situation(1) Analysis of business results(i) Business results for fiscal year ended March 31, 2014
In the current fiscal year, corporate earnings, mainly for exporting companies, improved against the backdropof depreciation of the yen and a stock market rally, supported by the government’s active economic stimulus
measures and the Bank of Japan’s monetary relaxation policy. Moreover, capital expenditures and personal
consumption started picking up, putting the Japanese economy on a gradual recovery path. However, there
were still a number of uncertain factors for the economy, such as soaring raw material and fuel prices causedby the fluctuation of foreign exchange rates, an economic slowdown in emerging economies, and a possible
deterioration of consumer sentiment after the scheduled consumption tax hike in April 2014.
In such an environment, the Unitika Group tried to strengthen its business foundation as an advanced materials
manufacturer and to improve the profitability of its low profit margin businesses in accordance with thepolicies under its medium-term, three-year management plan, Change & Challenge 2014, which started in theprevious fiscal year. Specifically, the Group promoted strategies to expand certain businesses, mainly
Polymers, and implemented measures in response to changes in the business environment, such as a sales pricerevision. As a result, the Unitika Group reported net sales of 162,686 million yen (up 1.6% year-on-year),
operating income of 6,799 million yen (up 23.2% year-on-year) and ordinary income of 4,713 million yen (up22.3% year-on-year). Since the Group recorded extraordinary losses, such as impairment loss and provision for
product improvement, net income amounted to 583 million yen (net loss of 10,875 million yen in the previousyear).
The Unitika Group has decided it will pay no dividend for the current fiscal year. The management sincerely
appreciates your understanding in this matter.
Here is a summary of business by segment.
[Polymers]
In the Films business, demand recovered in Japan and exports steadily grew in the packaging sector, resulting
in a rise in sales volumes. However, sales volumes decreased in the industrial sector due to lingering sluggish
demand for electrical and electronics equipment applications. Meanwhile, we revised sales prices in response
to rising raw material and fuel prices, but raw material and fuel prices rose higher due to the fluctuation offoreign exchange rates, which weighed on profitability. Consequently, sales increased but profits decreased in
the Films business.
In the Resins business, sales of U-Polymer, Unitika’s original polyarylate resin, for automobile andinformation terminal device applications such as smartphones, grew solidly, while shipments of nylon forautomobile applications also increased steadily.
Sales of polyester resins increased and pushed up profits, since demand for Arrow Base, an environmentallyfriendly water-based polyolefin cationic emulsion, grew for direct blow bottle applications and otherapplications due to our efforts in cultivating new markets. In addition, an expansion in applications for XecoT,
Unitika’s original polyamide resin, an environmentally friendly highly heat-resistant product, reflectedfavorable evaluation by our customers. As a result, sales and profits increased in the Resins business.
In the Non-woven Fabrics business, shipments of polyester spunbond fabrics for civil engineering applications
increased largely, in line with the recovery of public works, while sales of Eleves Capping Sheet, a gaspermeable tarpaulin used for disposal of decontaminated waste, also grew for earthquake reconstruction
applications. In addition, sales of polyester spunbond fabrics for daily product application rose steadily andexports also increased, leading to a sharp growth in profits. Meanwhile, we saw sales of cotton spunlace growfor wet sheet applications and remain steady for other applications. As a result, sales and profits increased in
the Non-woven Fabrics business.
The Company strived to promote the use of Terramac, a biomass plastic, in the field of films, resins, nonwoven fabric and textiles. Although demand recovered gradually in the textiles field, overall sales remained
static.
Consequently, the Polymers business posted operating income of 6,839 million yen (down 2.2% year-on-year)-2-Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

on net sales of 65,523 million yen (up 7.0% year-on-year).
[Advanced Materials]
In the Glass Fibers business, shipments for civil engineering refurbishment, housing-related and otherapplications increased solidly in the industrial materials sector. In the electronic materials sector, shipments of
IC cloth grew steadily due to an expansion of exports of high value-added products for information terminal
device applications. In the Glass Beads business, shipments for reflective materials applications, such as signs,
remained sluggish due to weak demand in the European market, while sales volumes for road marking
applications and industrial applications, such as automobiles, increased. Meanwhile, in the Activated Carbon
Fibers business, shipments for automobile deodorizing applications and air-purifying applications, as well aswater purifier applications, mainly those built into faucets, continued to be strong.
Consequently, the Advanced Materials business posted operating income of 1,903 million yen (up 63.7% yearon-year) on net sales of 14,855 million yen (up 5.5% year-on-year).
[Fibers and Textiles]
In the Industrial Materials business, earnings of ultra-high strength polyester filament yarn deteriorated due toincreasingly intense competition in the field of building and civil engineering, its main applications.
Meanwhile, in the short-fiber polyester business, profitability did not improve substantially, although demandfor binder fiber products and related differentiated products, mainly overseas, expanded as the yen depreciatedeven further. Demand for vinylon fiber, in general, was strong in Japan, but sales of vinylon fiber declined due
to a decline in demand for rope applications. Overseas business still faced a severe business environment,
although profitability improved due to expanded sales of reinforced concrete applications, a replacement forasbestos, in emerging markets.
In the Garments, Lifestyle Materials, and Bedding business, sales of differentiated materials, such as
SARACOOL and Thermotron, increased solidly in the sports clothing and women’s clothing fields, while
exports of denims grew steadily. Meanwhile, earnings decreased in the uniform field due to a rise inprocurement costs caused by the weaker yen and higher processing costs.
Consequently, the Fibers and Textiles business posted operating income of 424 million yen (operating loss of
370 million yen in the previous year) on net sales of 68,170 million yen (up 0.7% year-on-year).

[Others]
In the Healthcare & Amenity business, sales volumes for Byakugen Houou, a health supplement, increased due
to a sales campaign to commemorate its 10th anniversary, while sales of functional dietary materials remainedsluggish because demand for Ceramide, its mainstay product, did not recover, although sales of lactobionicacid were solid. In the Medical business, sales increased in the medical product field due to solid growth insales of catheters for the treatment of circulatory system diseases (we launched new products), its mainstay
product, and catheters for thoracic drainage, and because we marketed new chitin products. Earnings weresteady in the biochemical field due to an increase in sales of clinical diagnostic reagents for main customers
and our cost reduction efforts.
In the Real Estate business, earnings decreased due to delays in the start of sales for some condominiums.
Consequently, the Others category posted operating income of 798 million yen (down 39.7% year-on-year) on
net sales of 14,136 million yen (down 17.7% year-on-year).

(ii) Forecast of business performance for fiscal year ending March 31, 2015
Before entering the final year for its medium-term, three-year management plan, Change & Challenge 2014,
the Company has been reviewing the plan, including a possible revision of the plan, by taking into account the-3-Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

latest business results. For that reason, it has left its forecast of consolidated performance for the fiscal year
ending March 31, 2015 undecided. The Company will disclose it as soon as it can make a rational forecast of
our consolidated performance.
(2) Analysis on financial situation
Total assets decreased by 872 million yen from the end of the previous fiscal year to 254,181 million yen,mainly due to a decrease in notes and accounts receivable - trade. Liabilities increased by 1,076 million yen
from the end of the previous fiscal year to 234,813 million yen, mainly due to the posting of a net defined
benefit liability, despite a decrease in notes and accounts payable - trade and loans payable. Net assets
decreased by 1,948 million yen from the end of the previous fiscal year to 19,368 million yen, mainly due tothe posting of remeasurements of defined benefit plans.
Here is a summary of the cash flow situation.
(Net cash provided by [used in] operating activities)
Net cash used in operating activities amounted to 6,839 million yen (down 9,201 million yen year-on-year),due to cash inflow—the total income before income taxes and depreciation and amortization during the current
fiscal year.
(Net cash provided by [used in] investment activities)
Net cash used in investment activities amounted to 4,103 million yen loss (net cash loss of 4,404 million yen in
the previous fiscal year) due to capital expenditures of 4,895 million yen during the current fiscal year.
(Net cash provided by [used in] financing activities)
Net cash used in financing activities amounted to 3,053 million yen loss (net cash loss of 7,432 million yen in
the previous fiscal year) primarily due to a reduction in interest-bearing debt during the current fiscal year.
As a result, cash and cash equivalent at the end of the current fiscal year decreased by 78 million yen from theend of the previous fiscal year to 19,557 million yen.

-4-

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

The table below shows trends in cash flow indicators.

(i)Shareholders’ equity ratio (%)(ii) Shareholders’ equity ratio on
market value basis (%)(iii) Ratio of interest-bearing debt tocash flow(iv) Interest coverage ratio

Year ended
March 31, 2014

Year ended
March 31, 2013

Year ended
March 31, 2012

6.1

7.0

10.6

12.9

11.5

11.1

24.5

10.6

16.3

2.3

5.4

3.3

(Notes) Shareholders’ equity ratio: Shareholders’ equity/Total assets
Shareholders’ equity ratio on market value basis: Market capitalization/Total assets
Ratio of interest-bearing debt to cash flow: Interest-bearing debt/Cash flow
Interest coverage ratio: Cash flow/Interest expense*1. Each indicator is calculated based on consolidated financial results.
*2. Cash flow is net cash provided by operating activities.
*3. Interest-bearing debt includes all liabilities, reported on the consolidated balance sheet, on whichinterest is paid.
(3) Basic policy for profit distribution and dividends for the fiscal year ended March 31, 2014 and the fiscal year
ending March 31, 2015
The Unitika Group considers that the profit distribution to its shareholders is an important aspect of its business,but management intends to cancel dividend payment for the fiscal year ended March 31, 2014, withconsideration on the business results and financial situation at the end of the fiscal year.
For the future, Unitika’s basic dividend policy is to conduct profit distribution to shareholders that is appropriate
to the Company’s financial results. At the same time, the Company intends to decide dividend payment after
considering the improvement of financial position and enhancing of internal reserve for securing profit forshareholders from a long-term perspective.

-5-

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

2. Management policies(1) Basic management policies
Having the corporate mission of contributing to society by connecting daily life with technology, the Unitika
Group has been aiming to become a company that contributes to the improvement of people’s lives andpreservation of the environment, and social recognition. Management believes that the Group’s contributions tosociety will enhance its corporate value, which in turn will reward shareholders, while the Company continues
to promote its basic management policies: implementation of structural reform, establishment of a foundation as
a functional materials manufacturer and strengthening of its corporate structure and shareholders’ equity.
(2) Targeted management index
The Unitika Group places greater importance on amount of sales, operating income and ordinary income that
represent the results of its business activities. The Group considers enhancing its shareholders’ equity ratio andreducing interest-bearing debts to strengthen its financial position and places emphasis on and manages cash
flows with great care.
(3) Medium- to long-term business strategies and issues to be addressed
The Unitika Group has reaffirmed its determination to promote the measures stated in Change & Challenge
2014, its medium-term, three-year management plan: the growth strategy of the Polymers business, etc.,
thorough cost reduction, including fixed costs, the review and implementation of measures to improve theprofitability of low-profit businesses, and the revision of sales prices to pass on soaring raw material and fuelprices to customers. The Group will raise the level of its revenue base and establish a solid business foundation
by steadily implementing these measures.
Here is a summary of the strategies and issues to be addressed for each business.
Polymers:
In the Films business, the Unitika Group will revise its sales prices to reflect a change in raw material and fuelprices and expand sales of its differentiated films to secure earnings in the packaging field. In addition, theGroup will try to increase its market share in the Southeast Asian market and expand sales in the European andNorth American markets by taking advantage of capacity expansion through the additional installation ofadvanced, large-scale equipment for producing nylon film in P.T. Emblem Asia, a subsidiary in Indonesia. In
the industrial field, the Unitika Group will step up efforts to cultivate new applications through an improvementin product grade and quality, with further adoption of newly developed products. In the Resins business, theGroup will further focus on expanding the use of XecoT, an environmentally friendly high heat-resistantpolyamide resin, in automobile, and electrical and electronics equipment applications and expanding its
production capacity. In addition, the Group will continue to increase sales of Arrow Base, an environmentallyfriendly water-based polyolefin cationic emulsion, by exploring new possible applications and strongly promote
the adoption of UNIFINER, a new heat-resistant and solvent-soluble polyarylate resin, in electrical andelectronics equipment applications, in order to further increase earning power. In the Non-Woven Fabrics
business, the Unitika Group will try to boost sales of its products, mainly for earthquake reconstruction
applications, such as Eleves Capping Sheet, and carpet application. Concerning cotton spunlace, the Group willcontinue to expand sales for wet sheet applications and cultivate overseas markets. In regard to Terramac, abiomass plastic, the Unitika Group will cultivate new applications and new customers by highlighting its
advantages: its original reforming and processing technologies, such as thermal resistance and flexibility, andcapability to supply the material in various forms.

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Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

Advanced Materials:
In the glass fiber business, the Unitika Group will continue to expand sales of products for civil engineering
refurbishment applications and step up our efforts to increase sales of nonflammable ceiling materials andenvironment energy-related materials in the industrial materials field. In regard to IC cloth in the electronics
materials field, with the aim of expanding earnings, the Group will further develop differentiated products andraise its market share in information terminal device applications. Regarding glass beads, the Unitika Group will
try to increase market share by marketing differentiated products, mainly for industrial applications, andcultivate new customers in reflective materials applications in regions other than Europe. In the activated carbon
fiber business, the Group will try to expand sales for water purifiers built into faucets, whose demand is
expected to remain brisk in the future, and cultivate markets for new applications.
Fibers and Textiles:
In the industrial materials business, the Unitika Group will continue to implement radical cost reduction
measures at all stages—procurement, production, sales and administration—to establish a foundation that will
enable it to improve profitability. In the Garments, Lifestyle Materials, and Bedding business, the Group will
strengthen global expansion by actively using its overseas bases and focus on expanding sales of high-value
added products while improving its production management.
Others:In the Healthcare & Amenity business, the Unitika Group will aim to expand its business by boosting sales offunctional materials, mainly dietary materials. In particular, the Group will try to restore sales of Ceramide, its
mainstay product, in Japan and focus on expanding exports to the Eastern Asia region. In the Medical business,
the Unitika Group will try to expand the use of quad lumen catheters, a new product, increase sales of catheters
for thoracic drainage in wound applications, promote the export of chitin products, and boost sales of enzymes
in industrial applications.
Regarding overseas business development, the Unitika Group will try to cement its position as a top global
player in the nylon film market through operation of the aforementioned advanced, large-scale nylon film
manufacturing equipment. In regard to other businesses in the Polymers, Advanced Materials and Fibers andTextiles segment, the Group will focus on strengthening marketing and cultivating new customers in the Asianmarket in cooperation with its overseas bases in China and ASEAN, and expanding sales in the European andNorth American markets.
With regard to R&D, the Unitika Group will accelerate the development of biomass plastic, functional resins,and heat-resistant film in the life science, environment and energy fields, which are expected to serve as anengine for growth in the future, by making full use of both the polymer design and control technologies andfunction-adding technologies that the Group possesses. In addition, the Group will also focus on intellectual
property activities, with strategic patent and trademark activities as the theme.
Regarding cost reduction, the Unitika Group will continue implementing measures to cut fixed costs as a part ofthe structural reform process and will also try to reduce variable costs thoroughly in the fiscal year ending
March 31, 2015. In addition, the Group will promote efficient management of operating capital more than everbefore and try to reduce interest-bearing debts.

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Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

3. Consolidated financial statements(1) Consolidated balance sheets(Unit: Millions of yen)Previous consolidated
fiscal year
(March 31, 2013)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Inventories
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures ,net
Machinery, equipment and vehicles ,net
Tools, furniture and fixtures ,net
Land
Lease assets ,net
Construction in progress
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Investments in capital
Long-term loans receivable
Net defined benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets-8-

Current consolidated
fiscal year
(March 31, 2014)

19,66836,33939,776
1,330
3,329
(170)
100,274

19,58735,32439,891
1,170
3,566
(169)
99,37018,38920,8571,235
103,163586
4,196
148,428

17,691
20,333
1,170
103,036315
6,040
148,588

14
800
815

9
1,191
1,201

3,177
23
201
—
396
2,062
(325)
5,535
154,779
255,054

2,863
18
183
86
340
1,802
(273)
5,020
154,811254,181

Unitika Ltd. (3103) Financial Report for Fiscal Year ended 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
Lease obligations
Income taxes payable
Provision for bonuses
A product repair reserve fund
Provision for business structure improvement
Other
Total current liabilities
Noncurrent liabilities
Long-term loans payable
Lease obligations
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Provision for retirement benefits
Provision for directors’ retirement benefits
Net defined benefit liability
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-sale securities
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-9-

Current consolidated
fiscal year
(March 31, 2014)

22,06768,43332,925
301
756
1,567
—
1,087
11,423
138,562

19,696
70,12539,240
217
1,035
1,595
1,284
566
10,794
144,555

65,162292
17,336
2,341
7,752
53
—
2,234
95,173
233,736

55,187449
16,9032,403—
26
13,034
2,252
90,257
234,813

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

26,298
4,385(11,392)(44)
19,245114
62,979(3,954)
—
(854)

265
(8)
2,918
(2,904)(3,977)(3,705)

3,508
21,317
255,054

3,828
19,368254,181

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

(2) Consolidated income statement and consolidated comprehensive income statement(Consolidated income statement)(Unit: Millions of yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Rent income
Equity in earnings of affiliates
Foreign exchange gains
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 purchase
Other
Total extraordinary income
Extraordinary losses
Loss on disposal of noncurrent assets
Impairment loss
Provision for product repair warranties
Business structure improvement expenses
Other
Total extraordinary loss
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)

Previous consolidated
fiscal year
(April 1, 2012 toMarch 31, 2013)
160,190
130,827
29,362
23,843
5,519

Current consolidated
fiscal year
(April 1, 2013 toMarch 31, 2014)
162,686
132,50330,18323,384
6,799

97
92
67
—
1,107
917
2,281

66
81
90
10
998
645
1,893

2,997
38
910
3,947
3,853

2,916
—
1,063
3,979
4,713

817
—
—
48
—
866

40
275
186
11
21
534

515
4,782
—
2,405
711
8,415

496
1,316
1,284
368
212
3,677

(3,694)
857
6,306
7,163
(10,858)
17(10,875)

1,571
1,211
(292)
918
652
68
583

- 10 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

(Consolidated comprehensive income statement)(Unit: Millions of yen)

Income (loss) before minority interests
Other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Share of other comprehensive income ofentities 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

Previous consolidated
fiscal year
(April 1, 2012 toMarch 31, 2013)(10,858)- 11 -

Current consolidated
fiscal year
(April 1, 2013 toMarch 31, 2014)
652

87
(0)
(238)
79

151
(14)
(61)
1,337

88
17
(10,841)

—
1,412
2,065

(10,937)

1,708

96

356

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

(3) Consolidated statements of changes in net assets
Previous consolidated fiscal year (April 1, 2012 to March 31, 2013)(Unit: Millions of yen)
Shareholders’ equity
Capital stock
Balance at the beginning ofcurrent period

Capital surplus

26,298Retained earnings

4,161

Total shareholders’equityTreasury stock

(646)

(55)

29,757

Changes of items during theperiodIssuance of new shares

223

223

(Net loss)
Reversal of revaluation reserve
for land(10,875)(10,875)

(453)

(453)

Purchase of treasury stock
Disposal of treasury stock

(27)

(27)

(0)

39

39

Purchase of shares of
consolidated subsidiaries
Net changes of items other thanshareholders’ equity
Total changes of items during
the period—

223(11,329)

11(11,093)

Balance at the end of current
period26,298

4,385(11,976)(44)

18,663

Accumulated other comprehensive income
Valuationdifferenceonavailablefor-salesecurities
Balance at the beginning ofcurrent period

26

Deferred
gains orlosses onhedges4

Revaluation
reserve forland

Foreigncurrencytranslation
adjustment

Remeasurementsof defined
benefit plans

Total
accumulated
othercomprehensive
income2,764(4,041)—(1,245)

Minority
interests

Total net
assets

3,696

32,207

Changes of items during theperiodIssuance of new shares

223(Net loss)(10,875)

Reversal of revaluation reserve
for land

453

—

453

Purchase of treasury stock(27)

Disposal of treasury stock

39

Purchase of shares of
consolidated subsidiaries

(284)

(284)

Net changes of items other thanshareholders’ equity

87

2

(238)

86

—

(61)

96

34

Total changes of items during
the period

87

2

215

86

—

391

(188)

(10,890)

Balance at the end of current
period

114

6

2,979

(3,954)

—

(854)

3,508

21,317- 12 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

Current consolidated fiscal year (April 1, 2013 to March 31, 2014)
Shareholders’ equity
Capital stock
Balance at the beginning ofcurrent period

Capital surplus

26,298Retained earnings

4,385

Total shareholders’equityTreasury stock(11,976)(44)

18,663

Changes of items during theperiodNet income

583

583

Purchase of treasury stock

(0)

(0)

Purchase of shares of
consolidated subsidiaries
Net changes of items other thanshareholders’ equity
Total changes of items during
the period

—

—

583

(0)

582

Balance at the end of current
period26,298

4,385(11,392)(44)

19,245

Accumulated other comprehensive income
Valuationdifferenceonavailablefor-salesecurities
Balance at the beginning ofcurrent period

114

Deferred
gains orlosses onhedges6

Revaluation
reserve forland

Foreigncurrencytranslation
adjustment

Remeasurementsof defined
benefit plans

Total
accumulated
othercomprehensive
income2,979(3,954)—(854)

Minority
interests

Total net
assets3,508

21,317

Changes of items during theperiodNet income

583

Purchase of treasury stock(0)

Purchase of shares of
consolidated subsidiaries

(35)

(35)

Net changes of items other thanshareholders’ equity

151

(14)

(61)

1,050

(3,977)(2,851)356(2,495)

Total changes of items during
the period

151

(14)

(61)

1,050

(3,977)(2,851)320(1,948)

Balance at the end of current
period

265

(8)

2,918

(2,904)(3,977)(3,705)

3,828

19,368- 13 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

(4) Consolidated statements of cash flow
(Unit: Millions of yen)Previous consolidated
fiscal year
(April 1, 2012 toMarch 31, 2013)
Net cash provided by (used in) operating activities
Income (Loss) before income taxes
Depreciation and amortization
Impairment loss
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 provision for product improvement
Increase (decrease) in other provisionInterest expenses
Loss (gain) on disposal of noncurrent assets
Loss (gain) on sales of noncurrent 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
Sub-totalInterest and dividend 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 and equipment
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 the end of the current fiscal year

- 14 -

Current consolidated
fiscal year
(April 1, 2013 toMarch 31, 2014)(3,694)
5,675
4,782
(237)
550
—
945
—
(311)
2,997
515
(817)
—
—
3,608
8,201
(3,270)501
19,446188(2,957)(637)
16,040

1,571
5,127
1,316
(56)
(7,782)
9,033
(521)
1,284
(2 )
2,916
496
(40)
(275)
(186)
1,367
219
(2,913)(923)
10,630146(2,954)
(982)
6,839

(10)
(22)
401
(5,801)
1,198(169)(4,404)2(21)
766(4,895)58(14)(4,103)(1,887)29,504(34,665)(384)(7,432)
92
4,296
15,33919,636

1,073
33,544(37,334)(337)(3,053)239(78)
19,636
19,557

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

(5) Notes regarding consolidated financial statements(Notes regarding assumption of a going concern)
Not applicable(Significant items that are the basis for preparation of consolidated financial statements)
1. Scope of consolidation
The Company has 47 consolidated subsidiaries and three non-consolidated subsidiaries as of the end of thecurrent period under review. Major consolidated subsidiaries are Nippon Ester Co., Ltd. and Unitika Trading
Co., Ltd. Total assets, net sales, net income/loss (corresponding to equity interest) and retained earnings(corresponding to equity interest) of the three non-consolidated subsidiaries (Akoh Unitec Service Co., Ltd.,etc.) are small in value and do not significantly influence the consolidated financial statements. The number ofconsolidated subsidiaries increased by two from the end of the previous period due to the establishment of two
new subsidiaries.
2. Application of the equity method
The Company applies the equity method to the two non-consolidated subsidiaries and two affiliated companies(AD’ALL Co., Ltd. and another) as of the end of the current period under review.
3. Account settlement date, etc. of consolidated subsidiaries
Among the consolidated subsidiaries, 11 companies settle their accounts on a date different from theconsolidation date. Their account settlement dates are as follows:
December 31: P.T. Emblem Asia and 9 other companies
February 28: Unitika (Hong Kong) Ltd.
For the purpose of preparing the consolidated financial statements, the financial statements for the respective
account settlement dates of these companies are used, and any necessary adjustments are made with regard to
significant transactions conducted during the period between the relevant settlement date and the current
consolidation date.
4. Accounting standards(1) Evaluation standards and method for significant assets
Marketable securities
Other marketable securities
With market values:

Valued at fair value based on market values, etc. on the settlement date(variance from valuation is processed with the method entirely to charge or
credit directly to equity, and selling cost is calculated using the moving
average method.)
Without market values: Valued at cost using the moving average method
Derivatives
Valued at fair value
Inventories
Valued primarily at cost by using the moving average method (the balance sheet value is calculatedby the book value written-down method based on decline in profitability.)- 15 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

(2) Depreciation method for significant depreciable assets
Tangible fixed assets (excluding lease assets)
The Company and its consolidated subsidiaries primarily use the declining-balance method. However,some consolidated subsidiaries use the straight-line method.
Intangible fixed assets (excluding lease assets)
Straight-line method
Lease assets
Lease assets under finance lease transactions that do not transfer ownership
Lease assets are depreciated using the straight-line method over the lease term, based on theassumption that the residual value is equal to zero.
(3) Accounting standards for important allowances
Allowance for doubtful receivables
In order to cover losses from uncollectible account receivables, the Company provides for estimateduncollectible amount of normal receivables based on historical loss ratios. Specific claims including
doubtful receivables, etc. are individually evaluated for the likelihood of recovery and estimateduncollectible amount is provided.
Provision for bonuses
The Company provides for allowance for bonus based on the estimated amount of the payment for
employees.
Provision for product improvement
Since defects were discovered in its products supplied in the past, the Company makes a provision for
estimated expenses to be incurred in relation to future product improvement.
Provision for business structure improvement
The Company provides for reasonably estimated amount of loss incurred in the next consolidated
fiscal year due to implementation of a business structure improvement program.
Allowance for directors’ retirement bonuses
In the past, the Company and its consolidated subsidiaries provided for the amount payable at the endof the subject term under the internal rule to cover payment of retirement bonuses to directors(including executive officers). However, the Company and its consolidated subsidiaries abolished the
directors’ retirement bonus system in June 2006 and suspended the transfer of such amount toallowance for directors’ retirement bonuses.
(4) Accounting method for retirement benefits- The attribution method for estimated retirement benefit amounts
When calculating retirement benefit obligations, straight-line attribution is used to allocate estimatedretirement benefits in the period until the end of the fiscal year
- Methods for processing actuarial gains and losses, past service liabilities, and the transition difference due
to a change in the accounting standards
The transition difference due to a change in the accounting standards is equally expensed over 15 years.
Past service liabilities are amortized using the straight-line method over the average remaining years ofservice of employees (generally 13 years) when the liability is incurred.
Actuarial gains and losses are expensed using the straight-line method over the average remaining years ofservice of employees (generally 13 years) when gains and losses are incurred, allocated starting from thenext year each respective gain or loss is incurred.

- 16 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

(5) Accounting standards for recognizing revenues and costs of construction contracts
The percentage-of-completion method has been applied to construction contracts if the outcome of theconstruction activity is deemed certain on March 31, 2013 (the estimated percentage of completion shall bebased on the ratio of the cost incurred to the estimated total cost). The completed-contract method has been
applied to other construction contracts.
(6) Standards for translating important foreign currency assets or liabilities to Japanese currency
Foreign currency monetary assets and liabilities are converted into yen currency at the spot exchange rate of
the consolidated settlement date and exchange differences are treated as profit or loss. Meanwhile, theassets and liabilities of overseas subsidiaries are converted into yen currency by the spot exchange rate of
the settlement date, and profits and expenses are converted into yen currency at the average market rateduring the period with the exchange differences included in the currency exchange translation adjustment
and minority interests.
(7) Interest relating to property for sale (inventories)
Interests paid in relation to some real estate for sale in progress among the real estate for sale held by someconsolidated subsidiaries are included in the acquisition amount of such real estate.
(8) Important hedge accounting method
The Company adopts deferred hedge accounting, and uses the method for translating foreign currency
receivables and payables on the basis of yen value cash flow fixed by forward contract for exchange
contracts that may satisfy requirements for the said method, and preferential procedures for interest rate
swaps that may satisfy requirements for preferential procedures.
(9) Items relating to amortization of goodwill
Goodwill is amortized using the straight-line method over 5 years.
(10) Scope of funds in consolidated statements of cash flows
Funds (cash and cash equivalents) stated in the consolidated statements of cash flows consist of cash on
hand, demand deposits and short-term investments that are readily convertible into cash, are exposed toinsignificant risk of changes in value and are redeemable in 3 months or less from each acquisition date.
(11) Treatment of consumption taxes, etc.
The Company adopts the tax-excluding method.
(Changes in accounting policies)(Application of the Accounting Standards for Retirement Benefits)
Effective from the current consolidated accounting year, 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, theGuidance) have been applied (however, excluding the rules provided in paragraph 35 of the AccountingStandard and provided in paragraph 67 of the Guidance). Accordingly, the Unitika Group has switched to themethod of posting the amount gained by deducting pension assets from retirement benefit obligations as a net
defined benefit liability and posted unrecognized transition difference due to a change in the accounting
standards, unrecognized actuarial difference, and unrecognized prior service costs as a net defined benefit
liability.
The Accounting Standards have been applied in a transitional manner as provided in paragraph 37 of the
Accounting Standard, and the effects from the change have been reflected in re-measurements of defined
benefit plans of the total other comprehensive income as of the end of the current consolidated accounting year.
Consequently, net defined benefit assets of 86 million yen and net defined benefit liabilities of 13,034 million
yen have been posted as of the end of the current consolidated accounting year. In addition, the total other- 17 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

comprehensive income and minority interests decreased by 3,977 million yen and 0 million yen, respectively.
Net asset per share decreased by 6.90 yen.
(Segment information etc.)
Segment information
1. Summary of reportable segment
Unitika’s reportable segments are components of the Company for which separate financial information isavailable. These segments are subject to regular reviews by the Board of Directors to decide the
distribution of managerial resources and evaluate business results.
The Company sets up divisions by product and service in its head office. Each division formulates
comprehensive domestic and overseas strategies for its products and services and conducts businessactivities according to the strategies.
Unitika consists of segments by product and service based on divisions. The following three are its
reportable segments: Polymers, Advanced Materials, and Fibers & Textiles.
The Polymers segment manufactures and markets films, resins, and non-woven fabrics. The Advanced
Materials segment makes and sells glass fibers. The Fibers & Textiles segment produces and distributes
various types of fibers (threads, cotton, textiles and fabrics and the like).
2. Methods to calculate the amount of net sales, profit or loss, assets and other items by reportable segment
Methods of accounting treatment of reported business segments are almost the same as those stated in the
Significant items that are the basis for preparation of consolidated financial statements.
Inter-segment earnings and transfers are based on prevailing market prices.
3. Information on the amount of net sales, profit or loss, assets and other items by reportable segment
The previous fiscal year (April 1, 2012 to March 31, 2013)(Unit: Millions of yen)
Reportable segment

Polymers

Advanced
Materials

Fibers &Textiles

Other(Note 1)
Total

Total

Amountposted inConsoliAdjustment
dated(Note 2)
financialstatements(Note 3)

Net sales
Net sales to outside
customers
61,217
14,081
67,714143,013
17,177160,190—
160,190
Inter-segment sales ortransfer
23
56
235
315
2,249
2,565
(2,565)—
Total
61,241
14,137
67,950143,329
19,426
162,756(2,565)160,190
Segment income (loss)
6,989
1,163
(370)
7,782
1,324
9,107
(3,588)5,519
Segment assets
87,863
19,20065,276
172,339
46,765219,104
35,949255,054
Other items
Depreciation andamortization
2,623
526
1,356
4,507
836
5,344
330
5,675
Increase in property, plantand equipment andintangible assets
3,363
456
913
4,733
432
5,166
1,172
6,338
(Note) 1. The Other category comprises business segments that are not included in reportable segments. It includes Environmental
business, Medical business, Healthcare & Amenity business, and Real Estate-related business and the like.
2. Adjustment details are as follows.
(1) Adjustment of (3,588) million yen for Segment income (loss) includes corporate expenses that are not allocated to eachreportable segment.
(2) Adjustment of 35,949 million yen for Segment assets include investment of surplus funds (cash and deposits) by the parent
company, long-term investment funds (investment securities) and assets, etc. related to the Administration and the
Research and Development Division of the parent company.
(3) Adjustment of 330 million yen for Depreciation and amortization is depreciation and amortization of common assets thatare not allocated to each reportable segment.
(4) Adjustment of 1,172 million yen for Increase in property, plant and equipment and intangible assets is an increase- 18 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014
in common assets that are not allocated to each reportable segment.
3. Segment income (loss) is adjusted with operating income in consolidated statements of income.

- 19 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

Current consolidated fiscal year (April 1, 2013 to March 31, 2014)(Unit: Millions of yen)
Reportable segment

Polymers

Advanced
Materials

Fibers &Textiles

Other(Note 1)
Total

Total

Amountposted inConsoliAdjustment
dated(Note 2)
financialstatements(Note 3)

Net sales
Net sales to outside
customers
65,523
14,85568,170148,549
14,136
162,686—
162,686
Inter-segment sales ortransfer
22
60
267
350
1,611
1,962
(1,962)—
Total
65,545
14,91668,437
148,900
15,748
164,648(1,962)
162,686
Segment income
6,839
1,903
424
9,167
798
9,965
(3,166)
6,799
Segment assets
87,07818,62264,451
170,153
49,453
219,607
34,574254,181
Other items
Depreciation andamortization
2,679
425
1,064
4,169
607
4,777
350
5,127
Increase in property, plantand equipment andintangible assets
2,654
273
984
3,912
407
4,319
1,238
5,557
(Note) 1. The Other category comprises business segments that are not included in reportable segments. It includes Environmental
business, Medical business, Healthcare & Amenity business, and Real Estate-related business and the like.
2. Adjustment details are as follows.
(1) Adjustment of (3,166) million yen for Segment income includes corporate expenses that are not allocated to eachreportable segment.
(2) Adjustment of 34,574 million yen for Segment assets include investment of surplus funds (cash and deposits) by the parent
company, long-term investment funds (investment securities) and assets, etc. related to the Administration and the
Research and Development Division of the parent company.
(3) Adjustment of 350 million yen for Depreciation and amortization is depreciation and amortization of common assets thatare not allocated to each reportable segment.
(4) Adjustment of 1,238 million yen for Increase in property, plant and equipment and intangible assets is an increase incommon assets that are not allocated to each reportable segment.
3. Segment income is adjusted with operating income in consolidated statements of income.

- 20 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

(Per share information)
Previous consolidated fiscal year
Current consolidated fiscal year
(April 1, 2012 to March 31, 2013)(April 1, 2013 to March 31, 2014)
Net assets per share: 30.88 yen
Net assets per share: 26.94 yen
Net loss per share: 18.87 yen
Net income per share: 1.01 yen(Note) 1. Information on net income per share after full dilution for the current consolidated fiscal year was omitted, since
there was no potential common stock. In addition, information on net income per share after full dilution for theprevious consolidated fiscal year was omitted, since the Group posted a net loss and there was no potential
common stock.
2. The basis for the calculation of net income per share or net loss per share is as follows:
Previous
Current
consolidated
consolidated
fiscal year
fiscal year
(April 1, 2012 to (April 1, 2013 toMarch 31, 2013) March 31, 2014)
Net income per share or net loss per share
Net income (loss) (million yen)
(10,875)
583
Amount not attributable to common stockholders (million yen)—
Net income (loss) attributable to common stock (million yen)
(10,875)
583
Average number of common stock during the fiscal year (thousand shares)
576,460
576,749(Material subsequent events)
Not applicable- 21 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

4. OtherTransfer of directors
As of June 27, 2014
1. Candidate for position of director
Hiroshi Hasegawa (new appointment; current Senior Executive Officer, General Manager of Spunbond
Business)
2. Candidate for position of auditor
Naohiko Nagata (new appointment; current Senior Executive Officer, General Manager of Resin Business)
3. Auditor to retire
Kenichi Sugawara (current Auditor (full-time))

Career summary of candidate for position of director
Hiroshi Hasegawa (Date of birth: March 23, 1955)
Employment history

April 1977
April 2007
June 2009
June 2011

July 2012
July 2013

Joined Unitika Ltd.
Manager of Advanced Material Business Control Office
General Manager of Advanced Material Business andManager of Advanced Material Business Control Office
Executive Officer, General Manager of Advanced Material
Business and Manager of Advanced Material Business Control
OfficeExecutive Officer, General Manager of Advanced Material
Business
Senior Executive Officer, General Manager of Spunbond
Business

Career summary of candidate for position of auditor
Naohiko Nagata (Date of birth: March 2, 1953)
Employment history

April 1977
July 2006
December 2008
June 2010
July 2012

Joined Unitika Ltd.
Manager of Resin Business Control Office
Manager of Resin Production Development Department
Executive Officer, General Manager of Resin Business
Senior Executive Officer, General Manager of Resin Business- 22 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2014

5. Supplementary materials(1) Results (consolidated)

Consolidated(Millions of yen)
Ordinary
Net income
incomeNet sales

Operatingincome160,190

5,519

3,853

(10,875)

78,307
162,686

3,119
6,799

2,255
4,713

1,648
583

FY ended
Full year
March 2013
FY ended Q2March 2014 Full year(2) Segment information (consolidated)(Millions of yen)

Net sales to outside
customers
FY ended
Component ratio (%)
March 2013
Operating income
Component ratio (%)
Net sales to outside
customers
Results for
FY ended
Component ratio (%)
current fiscal
March 2014
year
Operating income
Component ratio (%)
Net sales to outside
customers
Increase/decrease
Comparison with prior year from prior year (%)
Operating income
Increase/decrease
from prior year (%)
Results forprior fiscal
year

Elimination
Consolidatedor
total
corporate

Polymers

Advanced
Materials

Fibers &Textiles

61,217

14,081

67,714

17,177—160,190

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

65,523

14,85568,17014,136—

162,686

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

4,306

774

456

(3,041)

—

2,496

7.0

5.5

0.7

(17.7)

—

1.6

(150)

740

794

(526)

422

1,280

(2.2)

63.7

—

(39.7)(11.8)

23.2

Other

(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
FY ended
March 2013
FY ended
March 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

Full year

6,095

5,480

4,345

166,521(2,808)4,534

Full year

4,995

4,936

3,881

164,552(2,768)4,513(4) Cash flow (consolidated)(Millions of yen)
Cash flowfromoperatingactivities

FY ended
March 2012
FY ended
March 2013
FY ended
March 2014

Cash flowfrominvestment
activities

Cash flowfromfinancing
activities

Cash and cash equivalents at
end of fiscal year

Full year

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

15,339Full year

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

19,636

Full year

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

19,557- 23 -