Member of Financial Accounting Standards Foundation

Financial Report for Fiscal Year ended March 31, 2010
May 14, 2010

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

Listed stock exchange: Tokyo Stock Exchange,
Osaka Securities
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 29, 2010
Expected date for submitting securities report: June 29, 2010
Expected commencement date for paying dividend(Figures less than one million yen were omitted.)

1. Consolidated performance for fiscal year ended March 31, 2010 (April 1, 2009 to March 31,
2010)(Percentages represent changes from same period in previous year.)(1) Consolidated business results
Net sales
Operating income
Ordinary income
Net income
Millions of% Millions of% Millions of% Millions of
yen
yen
yen
yen
182,239
8,543
4,476
3,036
FY ended March 31, 2010
(13.0)
10.0
34.1

209,584(10.7)
7,766(32.8)
3,337(58.3) (13,983)
FY ended March 31, 2009
%Net income per
Ratio of operating
share after full Return on equity Return on asset
income to sales
dilution
Yen
Yen
%
%
%
6.39
16.9
1.6
FY ended March 31, 20104.7
(29.41)(56.2)
1.1
FY ended March 31, 20093.7
(Reference) Equity in earnings/losses of affiliates FY ended March 31, 2010: (8 million yen)
FY ended March 31, 2009: 176 million yen
Net income per
share(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, 2010
277,196
23,5197.2
41.70
FY ended March 31, 2009
282,843
19,746
5.7
33.88(Reference) Shareholders’ equity:
FY ended March 31, 2010: 19,823 million yen
FY ended March 31, 2009: 16,109 million yen(3) Consolidated cash flows situation
Cash flows fromoperating activities

Cash flows frominvesting activities

Millions of yen
14,2864,977

FY ended March 31, 2010
FY ended March 31, 2009

Balance of cash andcash equivalents atperiod end
Millions of yen
Millions of yen(1,175)
20,160(505)
9,275

Cash flows fromfinancing activities

Millions of yen(2,683)(7,419)2. Dividend payment
Dividend per share
End of Q1 End of Q2 End of Q3

Yen
FY ended March 31, 2009
FY ended March 31, 2010
FY ending March 31,
2011(forecast)

Yen

Year end

Yen

Annual

Yen

Yen




0.00
0.00




0.00
0.00

0.00
0.00



0.00



0.00

0.00

-1-

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, 2011 (April 1, 2010
to March 31, 2011)

First six-month period
Full year(Percentages represent changes from same period in previous year.)
Net income
Net sales
Operating income Ordinary income
Net income
per share
Millions of% Millions of% Millions of% Millions of
%
Yen
yen
yen
yen
yen
90,000 (0.3)
4,000
1.5
2,000
4.2
1,500 143.2
3.16
190,000
4.3
11,500 34.6
7,000 56.4
6,000
97.6
12.62

4. Others(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries
accompanying change of scope of consolidation): No(2) Changes in accounting principles, procedures and method of presentations for preparation of
consolidated financial statements (those included in Changes in Important Matters for
Preparation of Consolidated Financial Statements)(i) Changes associated with revision in accounting standards: Yes(ii) Other changes: No(Note) For details, please refer to Changes in Basic Important Matters for Preparation ofConsolidated Financial Statements on page 19.
(3) Number of shares outstanding (Common stock)(i) Number of shares outstanding at end of period (including treasury stock):
Fiscal year ended March 31, 2010: 475,969,000 sharesFiscal year ended March 31, 2009: 475,969,000 shares(ii) Number of treasury stocks at end of period
Fiscal year ended March 31, 2010: 546,728 sharesFiscal year ended March 31, 2009: 430,885 shares(Note) Regarding the number of shares outstanding used as a basis for calculation of net
income per share (consolidated), please refer to Per Share Data on page 22.
(Reference) Summary of non-consolidated performance
1. Non-consolidated performance for fiscal year ended March 31, 2010 (April 1, 2009 to March 31,
2010)(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%
90,887 (2.4)
7,979 16.7
4,471 29.6
2,936 FY ended March 31, 2010
93,163 (10.3)
6,834 (5.6)
3,448 (31.4)(19,157) 
FY ended March 31, 2009
Net income per share
FY ended March 31, 2010
FY ended March 31, 2009

Yen
6.18
(40.28)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, 2010
232,676
21,7259.3
45.70
FY ended March 31, 2009
237,682
18,7997.9
39.53(Reference) Shareholders’ equity:
FY ended March 31, 2010: 21,725 million yen
FY ended March 31, 2009: 18,799 million yen* Explanation on appropriate use of forecasts of performance and other special items
The forward-looking statements in this document concerning forecasting of performance and etc.
are based on currently available information and assumptions considered by the company to bereasonable. The actual performance may be significantly different from the forecast due to various
factors. For the assumptions used as a basis for forecast of performance and important matterswhen using the forecast of performance, please refer to 1. Business results (1) Analysis ofbusiness results Forecast of business performance for fiscal year ending March 31, 2010 on
page 5.
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Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

1. Business results(1) Analysis of Business results(i) Business results for fiscal year ended March 31, 2010
In the current fiscal year, there were visible signs that the Japanese economy gradually moved toward
recovery, with overseas demand, mainly exports to China and Asia, growing fast. However, theeconomy still lacked momentum for self-sustaining recovery since domestic demand remained sluggish,consumer spending remained weak due to stagnation in employment, income and capital expenditures
decreasing, and foreign exchange rate fluctuation and deflationary pressure affected corporate earnings.
In such an environment, in accordance with the Unitika Group basic policy under its medium-term,
three-year management plan Reform 2011, implemented from the current fiscal year, the Group has
promoted structural reform comprising measures to improve business structure and reduce fixed costs.
As part of this structural reform, the Group has strived to improve profitability, mainly in its strategic
core businesses, such as polymers and advanced materials businesses. As a result, the Group reported
net sales of 182,239 million yen (down 27,344 million yen year-on-year), operating income of 8,543
million yen (up 776 million yen year-on-year), ordinary income of 4,476 million yen (up 1,139 million
yen year-on-year), and net income of 3,036 million yen (net loss of 13,983 million yen in the previous
fiscal year).
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, sales did not achieve full-scale recovery and selling prices remained weak in the
packaging field since demand stagnated in the food, distribution and restaurant industries due to anemic
consumer spending. In the industrial field, sales recovered sharply since destocking ended in the LCD
and IT-related areas and sales of home electric appliances accelerated in China. As a result, sales
decreased but profitability improved in the Films business, thanks to cost reduction efforts.
In the Resins business, a recovery in sales became evident in the automobile, electronics and electronic
component fields, improving profitability. Sales of nylon products increased in high-value-added areas
including personal digital assistants. Sales of U-Polymer, the Company’s original polyarylate resin, fell
below the previous year’s level due to slow recovery of demand for office machinery. Sales of polyester
resin decreased due to withdrawal from the Powder Resins business. As a result, sales decreased andincome remained flat in the Resins business.
In the Non-woven Fabrics business, sales of spunbond fabrics clearly headed for recovery around thesecond half of the current fiscal year. Shipment for the industrial materials fields and export markets,
where the Group struggled to expand sales, recovered. However, the recovery was not strong enough tomake up a decline in sales in the first half of the current fiscal year. In the cotton-spun lace business,
shipments for day-to-day product applications including cosmetic sundry goods use remained steadyand profitability improved due to cost reduction efforts. As a result, sales decreased, but overall income
increased in the Non-woven Fabrics business.
Thanks to continuous efforts to promote the use of the biomass plastic Terramac in four fields (films,
resins, non-woven and textiles), the adoption of Terramac has increased in sundry product and heatresistant and durable plastic applications. However, sales of Terramac stagnated in the current fiscal
year due to the economic downturn.
Consequently, the Polymers business posted operating income of 8,891 million yen (up 642 million yen
year-on-year) on sales of 60,942 million yen (down 7,591 million yen year-on-year).

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Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

[Environmental Business/Advanced Materials]
In the Environmental business, sales continued to decrease because the business environment as a wholeremained harsh, due to a decline in orders volume, intensified competition in the public demand-related
market, and a restraint of capital expenditures by private companies. But profitability recovered due tocontinuous efforts to strengthen cost competitiveness, mainly through selection and concentration ofprojects and streamlining operations, and expansion of orders in the maintenance field. As a result, sales
decreased but income increased greatly in the Environmental business.
In the Advanced Materials business, shipment of glass fibers for automobile use recovered in the second
half of the current fiscal year, but its shipment for building material, heat insulation and fireproof cloth,and bug filter uses was sluggish, due to a decline in building construction and restraint of capital
expenditures and public spending. Shipment of IC cloth remained weak since its domestic demand
recovery was slow and demand for ultra-thin and super-thin high function cloth stagnated, mainly
because affordable products satisfied export demand. Shipment of glass beads for road construction use
increased and demand for industrial use started recovering around the second half of the current fiscal
year, but shipment for reflective materials use stagnated due to a decline in exports to Europe and theUnited States, foreign exchange rate fluctuation, and competition with less expensive products.
Meanwhile, shipment of activated carbon fibers for cartridge filters for home-use water purifiers and
VOC removal sheets was strong. As a result, sales and income decreased in the Advance Materials
business.
Consequently, the Environmental Business/Advanced Materials business posted operating income of
2,346 million yen (up 486 million yen year-on-year) on net sales of 25,903 million yen (down 4,504
million yen year-on-year).
[Fibers and Textiles]
In the Fibers and Textiles business, the business environment as a whole remained very tough due to alingering slump in the clothing fiber field and the global economic downturn. To revamp the businessstructure and improve profitability, the Group withdrew from the nylon long-fiber business except forsome special product lines, ceased and downsized production in the natural fiber business, andconsolidated the clothing fiber business as originally planned.
In the Industrial Materials business, sales of vinylon fiber remained lackluster since demand forreinforced concrete use (mainly exported to Europe), a replacement for asbestos, declined sharply due tothe worsening business conditions and decline in profitability caused by foreign exchange rate
fluctuation. Sales of ultra-high-strength polyester filament yarn suffered a decline in demand forconstruction and civil engineering uses, but demand started picking up around the second half of thecurrent fiscal year. Sales of short-fiber polyester continued to decrease since demand declined in Europe
and the United States and shipment for non-woven fabric use stagnated in the domestic market, despite
efforts to cultivate new demand. As a result, sales and income declined in the Industrial Materials
business.
In the Garments, Lifestyle Materials, and Bedding business, the division had an uphill battle in theuniform, women’s clothing, and bedding fields, since consumers continued to seek affordable products
and the percentage of import products remained at high level. As a result, sales decreased and income
fell slightly despite some effects of the structural improvement measures in the Garments, Lifestyle
Materials, and Bedding business.
Consequently, the Fibers and Textiles business posted an operational loss of 487 million yen (217
million yen operating loss in the previous fiscal year) on net sales of 77,514 million yen (down 13,081
million yen year-on-year).

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Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

[Health & Amenity, Others]
In the Healthcare & Amenity and Others business, the beauty and anti-aging related markets havegrown, while the health food market has stagnated. Against this backdrop, sales of functional dietary
materials such as konjak-derived Ceramide and Arabinose, steadily increased and profitability ofsupplements improved. In the Medical business, the launch of new anti-thrombogenic catheters and asteady increase in sales of clinical diagnostic reagents improved profitability. Sales of enzymes
gradually recovered around the second half of the current fiscal year, although they stagnated in the firsthalf of the current fiscal year.
In other business, revenue from the Real Estate business including sales of condominiums remained
almost flat, but the Facility Engineering related business struggled a bit.
Consequently, the Healthcare & Amenity and Others business posted operating income of 1,217 million
yen (down 114 million yen year-on-year) on net sales of 17,878 million yen (down 2,167 million yen
year-on-year).
(ii) Forecast of business performance for fiscal year ending March 31, 2011
With the outlook for both domestic and overseas economies, which are said to be recovering, having
become increasingly uncertain due to changes in the business conditions such as crude oil prices andforeign exchange rates, the Unitika Group will implement a step-by-step structural reform program
stated in Reform 2011, its medium-term management plan in the next fiscal year. Under this program,the Group will strive to reduce fixed costs and restore profitability in divisions subject to businessstructure improvement, and promote the improvement of profitability in areas where it intends tostrengthen its presence, such as the Polymers and Advanced Materials businesses. The Group willcontinue striving to ensure further financial strength. The Unitika Group forecasts net sales of 190,000
million yen, operating income of 11,500 million yen, ordinary income of 7,000 million yen, and net
income of 6,000 million yen for fiscal year ending March 31, 2011.
(2) Analysis on financial situation
Total assets decreased by 5,647 million yen from the end of the previous fiscal year to 277,196 million
yen, mainly due to a decrease in inventories and property, plant and equipment despite an increase in
cash and deposits. Liabilities decreased by 9,420 million yen from the end of the previous fiscal year to253,676 million yen, mainly due to a decrease in notes and accounts payable-trade, loans payable andallowances. Net assets increased by 3,773 million yen from the end of the previous fiscal year to 23,519
million yen, mainly due to an increase in retained earnings caused by the posting of net income.
Here is a summary of the cash flow situation.
(Net cash provided by [used in] operating activities)
Net cash provided by operating activities amounted to 14,286 million yen (up 9,309 million yen yearon-year), due to a decrease in cash-inflow—the total of net income before income taxes, depreciation
and amortization—and inventories during the current fiscal year.
(Net cash provided by [used in] investment activities)
Net cash used in investment activities amounted to 2,683 million yen (net cash of 7,419 million yen
used in the previous fiscal year) due to capital expenditures of 3,831 million yen during the current
fiscal year.
(Net cash provided by [used in] financing activities)
Net cash used in financing activities amounted to 1,175 million yen (net cash of 505 million yen used in
the previous fiscal year) due to a reduction in interest-bearing debt during the current fiscal year.
As a result, cash and cash equivalents at the end of the current fiscal year increased by 10,885 million
yen from the end of the previous fiscal year to 20,160 million yen.

-5-

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

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, 2010

Year ended
March 31, 2009

Year ended
March 31, 2008

7.2

5.7

10.9

13.0

11.3

15.1

13.7

39.8

24.4

3.9

1.3

2.0

(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
which interest is paid.
(3) Basic policy for profit distribution and dividends for the fiscal year ended March 31, 2010 and the fiscal
year ending March 31, 2011
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, 2010,
with consideration 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 for shareholders from a long-term perspective.

2. Situation of the Corporate GroupThe Unitika Group is composed of Unitika Ltd., its 55 subsidiary companies and 2 affiliated companies.
The Unitika Group is engaged in businesses in the four fields of Polymers, Environmental Business andAdvanced Materials, Fibers and Textiles, and Healthcare & Amenity and Others. Here are summaries ofthe main businesses conducted by major group companies and the positioning of these companies in thebusiness segmentation.
Polymers:
Unitika Ltd. mainly manufactures and sells plastic films, resins, resin products, and non-woven fabrics.
In Japan, Terabo Co., Ltd., a consolidated subsidiary, processes and sells plastics and chemical products,
and Diabond Chemical Co., Ltd., a consolidated subsidiary, manufactures and sells adhesives forautomotive, electrical and construction applications.
In overseas markets, Emblem Asia Co., Ltd. (Indonesia) and Unitika Emblem China Ltd. (China), bothconsolidated subsidiaries, manufacture and sell films. Tusco (Thailand), a consolidated subsidiary,
manufactures and sells non-woven fabrics.

-6-Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

Environmental Business/Advanced Materials:
Unitika Ltd. is engaged in the engineering sector as an environmental business (water treatment
facilities, incinerator furnaces, air pollution prevention systems, etc.) as well as in the advanced
materials business (glass fiber products, glass beads, activated carbon fibers, amorphous metal fibers,
phenol type thermosetting resins, Univeks).
Unitika Glass Fiber Co., Ltd., a consolidated subsidiary, manufactures glass fiber products; Unitika
Sparklite Ltd., a consolidated subsidiary, manufactures and sells reflection materials; Unitika
Environmental Technical Center Co., Ltd., a consolidated subsidiary, conducts environmental analysis
and measuring; and Union Co., Ltd., a consolidated subsidiary, manufactures glass beads.
Fibers and Textiles:
Unitika Ltd. and Unitika Textiles Ltd., a consolidated subsidiary, manufacture various textiles (yarn,
cotton, woven and knitted materials, etc.). Unitika Trading Co., Ltd., a consolidated subsidiary, receives
supplies of materials from Nippon Ester Co., Ltd., a consolidated subsidiary, which makes ester yarn
and cotton while consigning dyeing and finishing to the I-Tex Co., Ltd. and Osaka Dyeing Co., Ltd.,
consolidated subsidiaries, and sells parts of these products. The Unitika Berkshire Co., Ltd., aconsolidated subsidiary, manufactures and sells men’s and women’s socks and stockings.
Healthcare & Amenity, Others
In the medical business, Unitika Ltd. manufactures and sells medical use materials, enzymes, diagnostic
drugs, while in the healthcare and amenity business it sells Hanabiratake, Ceramides, and foddermaterials.
Unitika Estate Co., Ltd., a consolidated subsidiary, plans and sells condominiums; Unitika Plant
Engineering Co., Ltd., a consolidated subsidiary, designs, installs and maintains various plants including
fireproof screens; Unitika Realty Co., Ltd., a consolidated subsidiary, leases and manages shopping
centers; and Unitika Akohkaihatsu Co., Ltd., a consolidated subsidiary, operates the Akoh Country Club.
Unitika Trading Co., Ltd. and other trading companies, consolidated subsidiaries, handle the products inthe above businesses.

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Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

3. Management Policies(1) Basic management policies
Having the corporate mission of connecting daily life with technologies, the Unitika Group has been
aiming to become a company that contributes to improvement of people’s lives and preservation ofenvironment, with social recognition. Management believes that the contribution to the society will
enhance its corporate value, which in turn will reward shareholders, while the Company promotes its
basic management policies: implementation of structural reform, establishment of a foundation as afunctional 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 incomethat represent the results of its business activities. The Group considers enhancing its shareholders’equity ratio and reducing interest-bearing debts to strengthen its financial position and places emphasison and manages cash flows with great care.
(3) Medium- to long-term business strategies and issues to be addressed
The Unitika Group will implement step-by-step measures under its medium-term, three-year
management plan Reform 2011, in order to steadily achieve its earnings target for the current fiscal year
and to upgrade its financial condition as well as promptly improve and stabilize its earnings structure.
Under the plan, the Group will concentrate its managerial resources on growth areas to promote
improvement and strengthening of its business operational capability in the field of functional materials,
mainly polymers and advanced materials. Based on the growth of these businesses, the Unitika Groupwill strive to establish a business entity that can achieve sustainable growth in the future.
Here is a summary of business strategies and issues to be addressed for each business.

-8-Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

Polymers:
In the films business, the Company will further strengthen sales of the nylon film Emblem in the Asianmarket, and promote sales expansion of its high-value-added industrial-use polyester films. In the resins
business, the Company will expand sales of U-Polymer by seeking new sales opportunities in existing
fields and developing new applications, focus on expansion of uses of nano-composite nylon resin in
automobiles and an upgraded version in portable information terminals, and also try to increase sales of
ARROWBASE, an environment-friendly water-based polyolefin cationic emulsion. In the non-woven
fabrics business, the Company will promote sales of Eleves, a bi-component composite spunbonded nonwoven fabric, by strengthening cooperation with its subsidiary in Thailand, and try to increase sales ofspunlace fabrics by obtaining big orders or launching newly developed products. Moreover, theCompany will enhance the durability and incombustibility of TERRAMAC, a biomass plastic, to boost
sales of its improved resins, and seek new business opportunities for civil engineering and sanitary usesin the non-woven fabrics field.
Environmental Business/Advanced Materials:
In the environmental business, the Company will continue to improve the efficiency of projects and focus
on the fiber filter and granulation dephosphorizing business in the water treatment field. In the incinerator
field, it will concentrate on repair, reconstruction and maintenance of existing incinerators to stabilize
earnings. In the advanced materials business, the Company will immediately try to improve profitabilityof glass fibers and high-value-added IC cloth for industrial uses and to expand market share of its highgrade glass beads in domestic and overseas markets by developing high-value-added product lines andstrengthening overseas operations. It will also try to increase sales of activated carbon fibers used invarious types of filters.
Fibers and Textiles:
In the fibers and textiles business, the Company will continue to focus on implementing restructuring
measures to thoroughly reduce costs and enhance the product lineup. In the industrial materials business,
the Company will try to expand sales of vinylon fiber for reinforced concrete use in overseas markets,
including Asia, South America and Africa, and to improve profitability of short-fiber polyester byshifting to high-performance materials. In the garments, lifestyle materials, and bedding business, theCompany will try to streamline business operations and promote concentration of managerial resourcesin areas where it intends to strengthen its presence, to improve profitability by letting Unitika Trading
Co., Ltd., consolidated and established in October 2009, play a central role.
Healthcare & Amenity, Others:
In the healthcare & amenity business, the Company will try to strengthen sales of functional dietary
materials, such as Konjac Ceramide, and promote the cultivation of new customers in the health foodbusiness. In the medical business, the Company will try to raise market share by strengthening sales ofcatheters for the circulatory system and focusing on sales expansion of new products, and concentrate on
developing new uses of enzymes and clinical diagnostic reagents.
Regarding overseas business development, the Group will try to strengthen all its business operations
including global expansion of nylon film sales. Especially, it will actively implement measures to copewith the growth in the Asian market, including China, to expand sales.
In the fiscal year ending March 31, 2011, the Group will continue to implement measures for reducing
fixed costs as a part of its structural reforms, and thoroughly cut variable costs, and will also efficiently
manage funds to reduce interest-bearing debt.

-9-Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

4. Consolidated financial statements(1) Consolidated balance sheets(Unit: Millions of yen)Previous consolidated
fiscal year
(March 31, 2009)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Merchandise and finished goods
Work in process
Raw materials and supplies
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
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets- 10 -

Current consolidated
fiscal year
(March 31, 2010)

9,331
36,981
38,592
18,306
4,427
1,667
5,906
(142)
115,070

20,19939,361
28,262
16,676
3,920
1,299
4,036
(175)
113,581

23,78025,625
1,445
104,683892
1,909
158,337

22,632
24,235
1,305
104,452
1,273
833
154,732

177
682
859

90
630
720

5,805
30
780
564
2,974
(1,579)8,576
167,773282,843

5,621
25
130
640
2,323
(579)
8,161
163,615
277,196

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

(Unit: Millions of yen)Previous consolidated
fiscal year
(March 31, 2009)
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Current portion of bonds
Lease obligations
Income taxes payable
Provision for bonuses
Provision for loss on construction contracts

26,52080,811
32,714
400
293
592
712

53
3,675
12,596
158,370

Provision for warranties for completed construction
Provision for business structure improvement
Other
Total current liabilities
Noncurrent liabilities
Bonds payable- 11 -

24,971
77,66831,436
400
379
322
1,085
1
29
1,118
11,217
148,63180,418630
12,735
2,796
4,742
342
2,661
104,727
263,097
83,875920
10,867
2,809
4,318
170
2,085
105,045
253,676

23,798
1,661(7,783)(46)
17,62923,798
1,661(4,734)(54)
20,670

(498)
12
2,875
(3,909)(1,520)3,636
19,746
282,843

(429)
3
2,799
(3,219)(846)
3,695
23,519277,196

400

Long-term loans payable
Lease obligations
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Provision for retirement benefits
Provision for directors’ retirement benefits
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Total valuation and translation adjustments
Minority interests
Total net assets
Total liabilities and net assets

Current consolidated
fiscal year
(March 31, 2010)

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

(2) Consolidated statements of income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Rent income

Previous consolidated
fiscal year
(April 1, 2008 to
March 31, 2009)
209,584
171,355
38,22830,462
7,766(Unit: Millions of yen)
Current consolidated
fiscal year
(April 1, 2009 to
March 31, 2010)
182,239
148,299
33,93925,396
8,543

270
123
129

181
101
90


176

188

Gain on sales of investment securities
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses


1,734
2,434


191
1,009
1,763

3,880

3,722

Equity in losses of affiliates
Other personal expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of noncurrent assets


1,242
1,740
6,863
3,337

8
1,188
910
5,829
4,476

33

20



589


33

108
719

645
12,2942,355
15,295(11,924)
752
1,283
2,036
23
(13,983)

866
1,063
1,457
3,387
1,808
407
(1,658)(1,251)23
3,036

Equity in earnings of affiliates

Gain on transfer of business
Compensation income for expropriation
Total extraordinary income
Extraordinary losses
Loss on disposal of noncurrent assets
Business structure improvement expenses
Other
Total extraordinary loss
Income (Loss) before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Minority interests in income
Net income (loss)- 12 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

(3) Consolidated Statements of Changes in Net Assets
Previous consolidated
fiscal year
(April 1, 2008 to
March 31, 2009)
Shareholders’ equity
Capital stock
Balance at the end of previous period
Balance at the end of current period
Capital surplus
Balance at the end of previous period
Balance at the end of current period
Retained earnings
Balance at the end of previous period
Effect of changes in accounting policies applied toforeign subsidiaries
Changes of items during the period
Dividends from surplus
Net income (loss)
Reversal of revaluation reserve for land
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Treasury stock
Balance at the end of previous period
Changes of items during the period
Purchase of treasury stock
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Total shareholders’ equity
Balance at the end of previous period
Effect of changes in accounting policies applied toforeign subsidiaries
Changes of items during the period
Dividends from surplus
Net income (loss)
Reversal of revaluation reserve for land
Purchase of treasury stock
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period- 13 -(Unit: Millions of yen)
Current consolidated
fiscal year
(April 1, 2009 to
March 31, 2010)

23,79823,79823,79823,798

1,661
1,661

1,661
1,661

7,196

(7,783)

(83)



(951)
(13,983)38(0)(14,897)(7,783)


3,036
12
(0)
3,049
(4,734)

(43)

(46)

(5)
2
(2)
(46)

(8)
0
(8)
(54)

32,612

17,629

(83)



(951)
(13,983)38(5)
1(14,899)
17,629


3,036
12
(8)
0
3,040
20,670Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

Valuation and translation adjustments
Valuation difference on available-for-sale securities
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period
Deferred gains or losses on hedges
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period
Revaluation reserve for land
Balance at the end of previous period
Changes of items during the period
Reversal of revaluation reserve for land
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period
Foreign currency translation adjustment
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period
Total valuation and translation adjustments
Balance at the end of previous period
Changes of items during the period
Reversal of revaluation reserve for land
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period
Minority interests
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period
Total net assets
Balance at the end of previous period
Effect of changes in accounting policies applied to foreign subsidiaries
Changes of items during the period
Dividends from surplus
Net income (loss)
Purchase of treasury stock
Disposal of treasury stock
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period- 14 -

Previous consolidated
fiscal year
(April 1, 2008 to
March 31, 2009)(Unit: Millions of yen)
Current consolidated
fiscal year
(April 1, 2009 to
March 31, 2010)

(120)

(498)

(378)
(378)
(498)

68
68
(429)

(11)

12

23
23
12

(8)
(8)
3

3,484

2,875

(38)
(569)
(608)
2,875

(12)
(63)
(76)
2,799

(2,354)(3,909)(1,555)(1,555)(3,909)689
689(3,219)998(1,520)(38)(2,479)(2,518)(1,520)

(12)
686
673
(846)

4,767

3,636

(1,130)(1,130)
3,636

59
59
3,695

38,378(83)

19,746
(951)(13,983)(5)
1(3,610)


3,036
(8)
0
745

(18,548)

3,773

19,746

23,519

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

(4) Consolidated statements of cash flow
(Unit: Millions of yen)Previous consolidated
fiscal year
(April 1, 2008 to
March 31, 2009)
Net cash provided by (used in) operating activities
Income (Loss) before income tax
Depreciation and amortization
Impairment loss

(11,924)
7,513
3,322

Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for retirement benefits
Increase (decrease) in provision for business structure 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

900
1,279
3,675
(1,679)
3,880
645
(33)

Current consolidated
fiscal year
(April 1, 2009 to
March 31, 2010)
1,808
6,787

362
(437)
(2,556)
178
3,722
866
(20)
(188)


12,762451(11,603)331(2,281)
12,608(1,567)(905)

Sub-total

9,521

18,376

Interest and dividends income received
Interest expenses paid
Income taxes paid

403
(3,887)(1,059)298(3,695)(692)

Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade
Other

Net cash provided by (used in) operating activities

4,977

14,286

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

779
(25)
118
(8,224)
287
(355)

18
(28)
401
(3,831)
274
481

Net cash provided by (used in) investing activities(7,419)(2,683)

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
Redemption of bonds
Cash dividends paid
Other

7,012
50,897(56,640)
(400)
(940)
(435)

(3,147)
34,953(32,808)
(400)
(3)
231

Net cash provided by (used in) financing activities(505)(1,175)

(986)

457

Net increase (decrease) in cash and cash equivalents(3,934)

10,885

Cash and cash equivalents at beginning of period

13,2099,275

Cash and cash equivalents at the end of the current fiscal year

9,275

20,160Effect of exchange rate change on cash and cash equivalents- 15 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010(5) Notes regarding assumption of a going concern
Not applicable(6) Significant items that are the basis for preparation of consolidated financial statements
1. Scope of consolidation
The Company has 49 consolidated subsidiaries and 6 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 6 non-consolidated subsidiaries (Akoh Unitec Service
Co., Ltd., Unitika Uji Kosan Co., Ltd.,etc.) are small in value and do not significantly influence theconsolidated financial statements. The number of consolidated subsidiaries decreased by four from theend of the previous period: one was sold, one was merged with the Company, and two were liquidated.
2. Application of the equity method
The Company applies the equity method to the 6 non-consolidated subsidiaries and 2 affiliatedcompanies (Ador Co., Ltd. and another) as of the end of the current period under review. The number of
non-consolidated subsidiaries decreased by one from the end of the previous period due to liquidation.
3. Account settlement date, etc. of consolidated subsidiaries
Among consolidated subsidiaries, Thai Nylon Co., Ltd., Unitika America Corp., Unitika (Shanghai) Ltd.,
Emblem Asia Co., Ltd., Unitika Emblem China Ltd., Unitika Do Brasil LLC, Brascot LLC, Peking
Unitika Clothes LLC, Unitex Co., Ltd. and TUSCO Co., Ltd. settle their accounts on December 31, andUnitika Hong Kong Ltd. settles its accounts on February 28. For the purpose of preparing theconsolidated financial statements, the financial statements on respective dates are used, and a necessary
adjustment is made with regard to significant transactions conducted during the period between theabove-mentioned 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 calculatedusing 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 iscalculated by the book value written-down method based on decline in profitability.)- 16 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

(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
estimated uncollectible amount of normal receivables based on historical loss ratios. Specificclaims including doubtful receivables, etc. are individually evaluated for the likelihood ofrecovery and estimated uncollectible 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 loss on construction contracts
To prepare for losses on construction contracts, the Company provides for a reasonably
estimated amount of loss to be incurred in the next consolidated fiscal year.
(Additional information)
The Unitika Group recorded a provision for loss on construction contracts of one million yen,since it recognized future losses on construction contracts whose amounts could be reasonably
estimated.
Reserve for compensation for completed works
The amount calculated by multiplying the construction revenue by historical repair ratios isprovided to appropriate it for free repairs under the liability of security for completed works.
Some consolidated subsidiaries record the reserve for compensation for completed works as an
expense when paid out.
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 retirement benefits

To cover payment of retirement benefits to employees, the Company provides for
retirement benefits based on the estimated amount of the retirement benefit obligationand the trust estate related to retirement benefit obligation (regarding some consolidated
subsidiaries, the retirement benefit obligation and pension assets) at the end of the fiscal
year ended March 31, 2010.
The transition difference due to a change in the accounting standards is equallyexpensed over 15 years.
The past service liabilities are amortized using the straight-line method over the averageremaining years of service of employees (generally 9 years) when the liability is
incurred.
Actuarial gains and losses are expensed using the straight-line method over the averageremaining years of service of employees (generally 10 years), allocated starting fromthe year each respective gain or loss is incurred.

- 17 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

Allowance for directors’ retirement bonuses
In the past, the Company and its consolidated subsidiaries provided for the amount payable atthe end of the subject term under the internal rule to cover payment of retirement bonuses todirectors (including executive officers). However, the Company and its consolidated
subsidiaries abolished the directors’ retirement bonus system in June 2006 and suspended thetransfer of such amount to allowance for directors’ retirement bonuses.
(4) 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
the construction activity is deemed certain on March 31, 2010 (the estimated percentage ofcompletion shall be based on the ratio of the cost incurred to the estimated total cost). The
completed-contract method has been applied to other construction contracts.
(5) 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, the assets 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 rate during the period with the exchange differences included in the currency
exchange translation adjustment and minority interests.
(6) 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 bysome consolidated subsidiaries are included in the acquisition amount of such real estate.
(7) 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 forinterest rate swaps that may satisfy requirements for preferential procedures.
(8) Treatment of consumption taxes, etc.
The Company adopts the tax-excluding method.
5. Items relating to evaluation of assets and liabilities of consolidated subsidiaries
The Company adopts the full fair value method for the evaluation of assets and liabilities of consolidated
subsidiaries.
6. Items relating to amortization of goodwill
Goodwill is amortized using the straight-line method over 5 years.
7. 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.

- 18 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

(7) Changes in basic important matters for preparation of consolidated financial statements(Change in accounting policies)(i) For recognizing revenues and costs of construction contracts, the Company formerly applied thepercentage-of-completion method to long-term construction contracts that met certain criteria. Effectivefrom the consolidated fiscal year ended March 31, 2010, the Company has adopted the AccountingStandards for Construction Contracts (Accounting Standards Board of Japan <ASBJ> Statement No. 15,
issued on December 27, 2007) and the Guidance on Accounting Standards for Construction Contracts(ASBJ Guidance No. 18, issued on December 27, 2007). Thus, the percentage-of-completion method
has been applied to construction contracts if the outcome of the construction activity is deemed certain
on March 31, 2010 (the estimated percentage of completion shall be based on the ratio of the cost
incurred to the estimated total cost). The completed-contract method has been applied to otherconstruction contracts.
Consequently, net sales increased by 102 million yen in the consolidated fiscal year ended March 31,
2010, while operating income, ordinary income and net income before income taxes each increased by
23 million yen.
(ii) Effective from the consolidated fiscal year ended March 31, 2010, the Company has adopted Partial
Amendments to the Accounting Standards for Retirement Benefits (Part 3) (ASBJ Statement No. 19,
issued on July 31, 2008).
The adoption has no effect on operating income, ordinary income and net income before income taxes
for the consolidated fiscal year ended March 31, 2010, since the Company will recognize actuarial gains
and losses as expenses from the consolidated fiscal year ending March 31, 2011.
The unappropriated balance of the difference in projected benefit obligation resulting from the adoptionof this standard amounts to 711 million yen.
(Change in financial statement presentation)
Consolidated statements of income
Gain on sale of investment securities, which was included in Other under non-operating income in the
consolidated fiscal year ended March 31, 2009, is stated separately in the consolidated fiscal year ended
March 31, 2010, since it exceeded 10/100 of the non-operating incomes. Gain on sale of investment
securities, which was included in non-operating income in the consolidated fiscal year ended March 31,
2009, was 8 million yen
Consolidated statements of cash flow
Gain on sale of investment securities, which was included in Other, net cash provided by (used in)operating activities in the consolidated fiscal year ended March 31, 2009, is stated separately in the
consolidated fiscal year ended March 31, 2010, since its importance increased. Gain on sale ofinvestment securities, which was included in Other, net cash provided by (used in) operating activities
in the consolidated fiscal year ended March 31, 2009, was 8 million yen.

- 19 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010(8) Notes on consolidated financial statements
a. Segment information by business
The previous consolidated fiscal year (April 1, 2008 to March 31, 2009)

I Net sales andoperating income(loss)Net sales(1) Net sales to outside
customers(2) Inter-segment sales ortransfers
Total(Unit: Millions of yen)

Polymers

Environmental
Business/
Advanced
Materials

68,53430,40890,59520,046

209,584

209,584

3,326

141

479

3,747

7,695

(7,695)

Fibers &TextilesHealth &Amenity,
OthersTotal

Elimination or Consolidated
corporate
total

71,86030,54991,07423,794217,279(7,695)

209,584

Operating expenses

63,611

28,69091,291

22,462206,055(4,237)

201,817

Operating income(or operating loss)

8,249

1,859

(217)

1,332

11,224(3,457)

7,766

77,216

26,256

97,506

66,342

267,322

15,521

282,843

3,180

1,066

1,719

914

6,881

631

7,513

II Assets, depreciation
and amortization,
impairment loss andcapital expenditures
AssetsDepreciation andamortization

Impairment loss
31
877
2,147

3,057
265
3,322
Capital expenditures
1,870
1,477
3,074
724
7,146
1,135
8,281
(Note) 1. Among operating expenses, unallocatable operating expenses that are included in elimination or corporate amounted to
3,593 million yen.
2. Among the Assets, the total company assets that are included in elimination or corporate amounted to 26,601 million yen.
The main items are investment of surplus funds (cash and deposits), long-term investment funds (investment securities)
and assets, etc. related to the Administration and the Research and Development Division of the parent company.
Revaluation reserve for business land of the parent company is not included in the respective business segments.

- 20 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

Current consolidated fiscal year (April 1, 2009 to March 31, 2010)

I Net sales andoperating income(loss)Net sales(1) Net sales to outside
customers(2) Inter-segment sales
or transfers
Total(Unit: Millions of yen)

Polymers

Environmental
Business/
Advanced
Materials

60,94225,90377,514

17,878

182,239

790

58

266

2,414

Fibers &TextilesHealth &Amenity,
OthersTotal

Eliminationor corporate

Consolidated
total



182,239

3,529(3,529)

61,73225,96277,78020,293

185,769(3,529)182,239

Operating expenses

52,84023,61578,267

19,075

173,800(104)

173,696

Operating income (oroperating loss)

8,891

2,346

(487)

1,217

11,968(3,425)

8,543

II Assets, depreciation
and amortizationand capital
expenditures
Assets74,16325,35488,02362,355249,897
27,299277,196
Depreciation andamortization
2,868
779
1,768
838
6,254
532
6,787
Capital expenditures
1,731
190
951
408
3,282
414
3,696
(Note) 1. Among operating expenses, unallocatable operating expenses that are included in elimination or corporate amounted to3,513 million yen.
2. Among the Assets, the total company assets that are included in elimination or corporate amounted to 35,465 million yen.
The main items are investment of surplus funds (cash and deposits), long-term investment funds (investment securities)
and assets, etc. related to the Administration and the Research and Development Division of the parent company.
Revaluation reserve for business land of the parent company is not included in the respective business segments.

b. Segment information by geographic area
The previous consolidated fiscal year (April 1, 2008 to March 31, 2009) and the current consolidated
fiscal year (April 1, 2009 to March 31, 2010)
Segment information by geographic area is omitted because sales and assets in Japan accounted formore than 90% of total sales (including inter-segment sales) and total assets of all geographic segments.
c. Overseas sales
The previous consolidated fiscal year (April 1, 2008 to March 31, 2009)
29,017
I. Overseas sales (million yen)
209,584
II. Consolidated sales (million yen)
13.8
III. Ratio of overseas sales to consolidated sales (%)(Note) There were no segments whose sales (excluding inter-segment sales or transfers) accounted for
10% or more of consolidated sales.
The current consolidated fiscal year (April 1, 2009 to March 31, 2010)
22,394I. Overseas sales (million yen)
182,239
II. Consolidated sales (million yen)
12.3
III. Ratio of overseas sales to consolidated sales (%)(Note) There were no segments whose sales (excluding inter-segment sales or transfers) accounted for
10% or more of consolidated sales.

- 21 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2010

Per Share Data
Previous consolidated fiscal year
(April 1, 2008 to March 31, 2009)

Current consolidated fiscal year
(April 1, 2009 to March 31, 2010)

Net assets per share

33.88 yen

Net assets per share

41.70 yen

Net loss per share

29.41 yen

Net income per share

6.39 yen

Information on net income per share after full dilution isomitted, since the Company posts net loss and there is nopotential common stock.

Information on net income per share after full dilution isomitted, since there is no potential common stock.

(Note) The basis for the calculation of net income per share or net loss is as follows:

Net income (net loss) (million yen)
Net income (net loss) not attributable tocommon stock (million yen)
Net income (net loss) on common stocks(million yen)
Average number of common stock(thousand shares)

Previous consolidated fiscal year
(April 1, 2008 to March 31, 2009)(13,983)

Current consolidated fiscal year
(April 1, 2009 to March 31, 2010)
3,036





(13,983)

3,036

475,557

475,513(Material subsequent events)
None(Omission of disclosure)
Disclosure of notes regarding lease transactions, transactions with related parties, tax effect accounting,financial products, marketable securities, derivative transactions, retirement benefits, stock options,business combination and real estate for rent is omitted, because the Company considers it lessnecessary to disclose such information in the consolidated financial statements.

- 22 -