Member of Financial Accounting Standards Foundation

Financial Results for the 1st six-month period of the Fiscal Year Ending March 31, 2011
November 9, 2010
Listed stock exchanges: Tokyo Stock Exchange, Osaka Securities Exchange
Company name: Unitika Ltd.
Code number: 3103
URL: http://www.unitika.co.jp/e/home.htm
Representative: Kenji Yasue, President and Chief Executive Officer
Contact: Shoji Ishikawa, General Manager of Accounting Department
TEL: +81-6-6281-5721
Expected submission of quarterly report: November 12, 2010
Expected commencement date for paying dividend: –Preparation of supplementary explanation documents for quarterly financial results: Yes
Holding of an analyst meeting for quarterly financial results: Yes (for securities analysts and institutional investors)(Figures rounded to nearest million yen.)
1. Consolidated performance for 1st six-month period of fiscal year ending March 31, 2011 (April 1, 2010 to September 30, 2010)(1) Consolidated performance (accumulation)(Percentages represent changes from same period in previous year.)Net sales

1st six-month period of FY ending March
31, 2011
1st six-month period of FY ended March
31, 2010

Operating income%(1.0)(16.3)

Millions of yen

89,281
90,226

Millions of yen

4,517
3,942

Quarterly net income per share

Ordinary income

%
14.6
54.0

Millions of yen

1,149
616

16.9
55.2

%
86.4
18.2

Quarterly net income per share after full dilution

Yen
2.42
1.30

1st six-month period of FY ending March
31, 2011
1st six-month period of FY ended March
31, 2010%

Millions of yen

2,243
1,918

Quarterly net income

Yen-(2) Consolidated financial situation
Total assets
1st six-month period of FY ending March
31, 2011
FY ended March 31, 2010

(Reference) Shareholders’ equity

Net assets

Millions of yen
271,984
277,196

Capital adequacy ratio

Millions of yen
24,602
23,519Net assets per share

%
7.7
7.2

Yen
43.96
41.70

1st six-month period of fiscal year ending March 31, 2011: 20,898 million yen
Fiscal year ended March 31, 2010: 19,823 million yen

2. Dividend payment
Dividends per share(Base date)

End of Q1

End of Q2

FY ended March 31, 2010
FY ending March 31, 2011

End of Q3
Yen
0.00

Yen
-

Year end
Yen

Annual

-

Yen
0.00

Yen
0.00

-

0.00

0.00

0.00

FY ending March 31, 2011 (forecast)(Note) Revision of dividend forecast for the current quarter: No
3. Forecast of consolidated performance for fiscal year ending March 31, 2011 (April 1, 2010 to March 31, 2011)(% figures represent changes from same period in previous year.)Net sales

FY ending March 31, 2011

Operating income

Ordinary income

Net income pershare

Net income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen

190,000

4.3

11,500

34.6

7,000

56.4

6,000

97.6

12.62

(Note) Revision of forecast of consolidated performance in the current quarter: No

Member of Financial Accounting Standards Foundation

4. Others (For details, please refer to 2. Other Information on page 4 of the attachment.)(1) Changes in significant subsidiaries during the period: No(Note) Changes in specified subsidiaries accompanying change of scope of consolidation during the period(2) Application of simplified accounting treatment and specific accounting treatment: Yes(Note) Application of simplified accounting treatment and specific accounting treatment to prepare consolidated quarterly
financial statements(3) Change in accounting principles, procedures and method of presentation
 Changes associated with revision in accounting standards: Yes
 Changes other than : No(Note) Changes in accounting principles, procedures and method of presentation for preparation of consolidated quarterly
financial statements described in Changes in Basic Important Matters for Preparation of Consolidated Quarterly
Financial Statements(4) Number of shares outstanding (Common stock) Number of shares outstanding at end of term (including treasury stock):
1st six-month period of the fiscal year ending March 31, 2011: 475,969,000 sharesFiscal year ended March 31, 2010: 475,969,000 shares Number of treasury stocks at end of term
1st six-month period of the fiscal year ending March 31, 2011: 550,275 sharesFiscal year ended March 31, 2010: 546,728 shares Average number of shares outstanding during the term (quarterly consolidated accumulated period)
1st six-month period of the fiscal year ending March 31, 2011: 475,420,056 shares
1st six-month period of the fiscal year ended March 31, 2010: 475,532,558 shares* Information on implementation of quarterly review procedures
The summary of financial statements is not subject to quarterly review procedures in accordance with the Financial Instruments andExchange Act. At the time of disclosing the summary of financial statements, the quarterly financial statement review procedures
have been implemented.

* Explanation on appropriate use of forecasts of performance and other special items
The forward-looking statements in this document concerning performance forecasting, etc., are based on currently available
information and assumptions considered reasonable by the company. Actual performance may differ significantly from the forecast
due to various factors. Concerning assumptions used as a basis for forecasting business performance and precautionary statements
when using the forecast, please refer to 1. Qualitative Information on Quarterly Consolidated Performance, (3) Qualitative
Information on the Forecast of Consolidated Performance on page 3 and 4 of the attachment.

Member of Financial Accounting Standards Foundation〇 Table of contents for the attachment

1. Qualitative Information on Quarterly Consolidated Performance(1) Qualitative information on consolidated performance(2) Qualitative information on consolidated financial positions(3) Qualitative information on the forecast of consolidated performance
2. Other Information(1) Changes in significant subsidiaries(2) Summary of simplified accounting method and special accounting practices(3) Summary of changes in accounting principles, procedures and presentations
3. Quarterly financial statements(1) Consolidated quarterly balance sheets(2) Consolidated quarterly statements of income(3) Consolidated quarterly statements of cash flows(4) Notes on going concern assumption(5) Segment information(6) Notes on significant changes in the amount of shareholders’ equity
4. Supplementary information

-1-

2
2
3
4
4
4
4
4
5
5
7
8
9
9
9
10

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2011

1. Qualitative Information on Quarterly Consolidated Performance(1) Qualitative information on consolidated performance
In the first six-month period of fiscal year 2010, corporate performance continued to improve andconsumer spending partially gained momentum due to an extremely hot summer. However, economic
recovery slowed in Japan since exports to Asian countries leveled off and the effects of the economic
stimulus package, which encourages purchase of energy-efficient durable goods such as automobilesand electrical appliances, waned. There is a growing concern that the Japanese economy will wind
down further, with domestic demand remaining anemic, effects of the economic policy fading away,
and risk factors such as the yen’s appreciation lingering.
In such an environment, we conducted our business in accordance with the Unitika Group basic policy
under its medium-term, three-year management plan Reform 2011, which entered its second year of
implementation. We promoted structural reform comprising measures to reduce fixed costs across theGroup, focused on reviewing business operation in divisions being revamped including the Fibers &Textiles businesses, and strived to increase sales in strategic core areas such as polymers and advanced
materials businesses. As a result, the Group reported net sales of 89,281 million yen (down 944 million
yen year-on-year), operating income of 4,517 million yen (up 574 million yen year-on-year), ordinary
income of 2,243 million yen (up 324 million yen year-on-year), and quarterly net income of 1,149
million yen (up 532 million yen year-on-year).
The Unitika Group has decided it will continue to pay no interim dividend for the current fiscal year.
The management sincerely appreciates your understanding in this matter.
Here is a summary of the business by segment.
[Polymers]
In the film business, shipment of nylon package films remained sluggish. However, profitability ofoverseas subsidiaries improved and sales of polyester package films continued to increase because salesof differentiated products expanded in a tight supply-and-demand situation. Meanwhile, sales ofindustrial-use films jumped greatly due to steady demand from the electronic component and adhesivematerials fields. To cope with soaring raw material prices, we revised sales prices. As a result, we saw
sales increase and profits remain flat in the film business.
In the resins business, we saw orders decrease due to termination of the eco-car subsidy program at theend of the second quarter of the current fiscal year. However, sales were steady throughout the quarterdue to strong shipment to the automobile and electric & electronics fields. In addition, sales of
U-Polymer, the Company’s originally developed polyarylate resin, to the office equipment andprecision mechanical equipment fields increased solidly and sales of nylon resins to portable
information terminals also expanded. We revised ester prices with satisfactory results, contributing toearnings. As a result, we saw sales and profits increase in the resins business.
In the nonwoven fabrics business, sales of spunbond products for the building and civil engineering
fields remained weak, while those for agricultural and daily product fields grew steadily and exports
expanded sharply mainly in the carpet field. Sales of cotton spunlace for cosmetics and sundry goods
and industrial-use wipers remained solid. As a result, we saw sales and profits increase in the nonwoven
fabrics business.
We continued to promote marketing of Terramac, a biomass-based plastic, in the film, plastic, nowoven
fabrics, and textile fields. Terramac has been gradually adopted in the automobile, electric & electronics,
and sundry goods fields as well as the package film and sheet fields. However, their sales remainedsluggish in the second quarter of the current fiscal year due to the economic stagnation and a decline inexports to Europe caused by the yen’s appreciation.
Consequently, the Polymers business posted operating income of 4,974 million yen on sales of 33,080
million yen.

-- 2 --

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2011

[Advanced Materials]
In the glass fiber business, sales of glass cloth for building materials use continued to be sluggish due tothe construction recession, but those for environmental protection and electrical & electronics use
remained steady. Demand of IC cloth in both domestic and overseas markets lost momentum in thelatter half of the quarter, although was on a recovery trend. As a result, sales prices declined andprofitability deteriorated. Sales of activated carbon fibers for use in commercial-use air conditioners andhome-use water purifiers slightly declined, while those for use in waste liquid treatment and removal of
VOC pollutants from automobile emissions remained strong. Meanwhile, sales of glass beads for road
construction use were weak due to reduction of public works spending, while those for industrial use
and reflective materials use were strong.
Consequently, the Advanced Materials business posted operating income of 810 million yen on net
sales of 7,543 million yen.
[Fibers & Textiles]
In the industrial fibers and textiles business, sales of highly resistant polyester thread for building andcivil engineering use remained steady and shipment of short-fiber polyester for nonwoven fabrics use
was strong. Meanwhile, we struggled to maintain profitability of vinylon fibers, since its sales weresluggish in Europe; price competition intensified; the yen appreciated, although vinylon fibers sales
increased in emerging markets due to our efforts to cultivate new demand.
In the garment fibers and textiles business, demand for office and factory uniforms recovered
significantly. In addition, shipment of functional materials for inner and sportswear use and materials
for women’s clothing remained robust. Although sales continued to decrease in the garment fibers andtextiles business due to structural reforms we implemented from last year, profitability improved.
Consequently, the Fibers & Textiles business posted operating income of 40 million yen on net sales of
38,280 million yen.
[Others]
In the environment business, sales decreased slightly, since the business environment remained difficult
due to continued weakness in public works spending and private-sector capital investment, and a delay
in obtaining orders in maintenance services. However, profitability improved since we focused businessresources on the water treatment field where we have the advantage and strived to reduce costs further.
In the health & amenity business, sales of functional dietary materials, such as Ceramide andL-arabinose, Hanabiratake-related goods increased favorably, whereas the health food market stagnated.
The medical business as a whole remained steady, since sales of medical materials, primarily newcatheters for the circulatory system, grew steadily while those of enzymes and clinical diagnostic
reagents to major customers recovered.
Earnings in the real estate-related business, such as sales of condominiums, deteriorated.
Consequently, the Other businesses segment posted an operating loss of 18 million yen on net sales of
10,376 million yen.
(2) Qualitative information on consolidated financial positions
Total assets decreased by 5,212 million yen from the end of the previous fiscal year to 271,984 million
yen. This was mainly due to a decrease in inventory. Liabilities declined by 6,295 million yen from theend of the previous fiscal year to 247,381 million yen. This was mainly due to a decrease in notes andaccounts payable-trade and loans payable. Net assets increased by 1,082 million yen from the end of theprevious fiscal year to 24,602 million yen. This was mainly attributable to an increase in retained
earnings.
Here is a summary of the cash flow situation.
(Net cash provided by [used in] operating activities)
Net cash provided by operating activities amounted to 2,733 million yen (a decrease of 3,302 million
year-on-year) due to decreases in cash inflow, the sum of income before income taxes and minority
interests and depreciation, and inventory during the first six-month period of the fiscal year ending
March 31, 2011.

-- 3 --

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2011

(Net cash provided by [used in] investment activities)
Net cash used in investment activities amounted to 1,553 million yen (net cash of 1,541 million yen
used during the same period last year) due to capital expenditures of 2,161million yen during thefirst six-month period of the fiscal year ending March 31, 2011.
(Net cash provided by [used in] financing activities)
Net cash used in financing activities amounted to 2,383 million yen (net cash of 2,025 million yen
provided during the same period last year) due to reduction of interest-bearing liabilities during thefirst six-month period of the fiscal year ending March 31, 2011.
Consequently, cash and cash equivalents at the end of the first six-month period of the fiscal year
ending March 31, 2011 decreased 1,351 million yen from the end of the previous fiscal year to 18,809
million yen.
(3) Qualitative information on the forecast of consolidated performance
Since the performance for the first six-month period of the fiscal year ending March 31, 2011 wasalmost in line with the plan, the company did not revise its full-year forecasts of consolidated
performance announced on May 14, 2010.
2. Other Information(1) Changes in significant subsidiaries
Not applicable(2) Summary of simplified accounting method and special accounting practices
In computing corporate income taxes, some consolidated subsidiaries took only major items into
account regarding additions and deductions for income and tax credits.
(3) Summary of changes in accounting principles, procedures and presentations(Changes in accounting principles and procedures)
Effective from the first quarter of the fiscal year ending March 31, 2011, Accounting Standards for
Asset Retirement Obligations (ASBJ Statement No. 18, issued March 31, 2008) and Guidance on
Accounting Standards for Asset Retirement Obligations (ASBJ Guidance No. 21, issued March 31,2008) have been applied. Consequently, operating income, ordinary income, and net income before
income taxes decreased by 6 million yen, 8 million yen, and 160 million yen, respectively, in the
consolidated first six-month period of fiscal year ending March 31,2011..
(Change in presentation of financial statements)
Consolidated statements of income
Loss on valuation of investment securities, which was included in Other under extraordinary loss inthe consolidated first six-month period of fiscal year ended March 31,2010, is stated separately in the
consolidated first six-month period of fiscal year ending March 31,2011, since it exceeded 20% of
the extraordinary loss. Loss on valuation of investment securities, which was included in Other under
extraordinary loss in the consolidated first six-month period of fiscal year ended March 31,2010, was
2 million yen.
Consolidated statements of cash flow
Gain (loss) on sales of investment securities, which is stated in net cash from operating activities, isincluded in Other, net in the consolidated first six-month period of fiscal year ending March 31,2011,
because its quantitative materiality diminished. Gain (loss) on sales of investment securities includedin Other, net is 0 million yen in the aforementioned period.
Meanwhile, Cash dividends paid, which is stated in net cash from financing activities, is included in
Other, net in the consolidated first six-month period of fiscal year ending March 31,2011, because its
quantitative materiality diminished. Cash dividends paid included in Other, net is 0 million yen in the
aforementioned period.

-- 4 --

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2011

3. Quarterly financial statements(1) Consolidated quarterly balance sheets
End of 1st six-month period of
FY ending March 2010
(September 30, 2010)(Unit: Millions of yen)
Condensed consolidatedbalance sheet for previous FY(March 31, 2010)

19,00842,367
25,84015,192
4,111
4,182
(204)
110,499

20,19939,361
28,262
16,676
3,920
5,336
(175)
113,581

104,573
48,798
153,372

104,452
50,280154,732

47
655
702

90
630
720

8,063
(653)
7,409
161,484
271,984

8,741
(579)
8,161
163,615
277,196

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Land
Other (net value)
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets-- 5 --

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2011

End of 1st six-month period of
FY ending March 2011
(September 30, 2010)(Unit: Millions of yen)
Condensed consolidatedbalance sheet for previous FY(March 31, 2010)

22,21373,962
37,348
200
466
1,113
19
16

24,971
77,66831,436
400
322
1,085
1
29

855
10,473
146,668

1,118
11,597
148,631

79,5604,952
71
16,129100,713247,381

83,875
4,318
170
16,681
105,045
253,676

23,798
1,661(3,238)(54)
22,166

23,798
1,661(4,734)(54)
20,670

(343)

(429)

(4)
2,452
(3,372)

3
2,799(3,219)(1,268)3,704
24,602271,984

(846)
3,695
23,519277,196

Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Current portion of bonds
Income taxes payable
Provision for bonuses
Provision for loss on construction contracts
Provision for warranties for completed
construction
Provision for business structure improvement
Other
Total current liabilities
Noncurrent liabilities
Long-term loans payable
Provision for retirement benefits
Provision for directors’ retirement benefits
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Valuation and translation adjustments
Valuation difference on available-for-salesecurities
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-- 6 --

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2011

(2) Consolidated quarterly statements of income(Six-month period ended September 30, 2010)

1st six-month period ended
September 30, 2009
(April 1, 2009 to
September 30, 2009)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Gain on sales of investment securities
Equity in earnings of affiliates
Other
Total non-operating income
Non-operating expenses
Interest expenses
Person of temporary transfer personal expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of noncurrent assets
Compensation income for expropriation
Total extraordinary income
Extraordinary loss
Loss on disposal of noncurrent assets
Loss on valuation of investment securities
Business structure improvement expenses
Other
Total extraordinary loss
Income before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income before minority interests
Minority interests in income (loss)
Net income

90,226
73,136
17,08913,14789,281
72,568
16,713
12,196

3,942

4,517

103
72
164
4
795
1,140

92
72
7
563
735

1,834
627
702
3,164
1,918

1,820
580
609
3,009
2,243

14
108
123

293

369

213
431
206
627
1,479
1,056
388
(507)

⎯
273
545
1,188
853
297
(49)
247

⎯
(11)
616

-- 7 --(Unit: Millions of yen)
1st six-month period ended
September 30, 2010
(April 1, 2010 to
September 30, 2010)

⎯

⎯
293

(118)
1,175
26
1,149

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2011

(3) Consolidated quarterly statements of cash flows(Unit: Millions of yen)
1st six-month period ended
September 30, 2009
(April 1, 2009 to
September 30, 2009)

1st six-month period ended
September 30, 2010
(April 1, 2010 to
September 30, 2010)

Net cash provided by (used in) operating activities
853

1,056

3,311

3,087

Increase (decrease) in allowance for doubtful
accounts

111

134

Increase (decrease) in provision for businessstructure improvement(1,859)(263)

Interest expenses

1,834

1,820

Loss (gain) on sales of investment securities

(164)

⎯

Decrease (increase) in notes and accounts
receivable-trade

2,592(3,081)

Decrease (increase) in inventories

7,700

3,655

Increase (decrease) in notes and accounts
payable-trade(6,202)(2,701)Other, net

(45)

622

Subtotal

8,132

4,330

192

415

(1,879)(1,809)

Income taxes paid

(409)

(202)

Net cash provided by (used in) operating activities

6,036

2,733

13

(161)

Purchase of investment securities

(19)

(10)

Proceeds from sales of investment securities

332

15

Purchase of property, plant and equipment(1,830)(2,161)

Proceeds from sales of property, plant andequipment

27

850

Other

(65)

(86)

(1,541)(1,553)

Net increase (decrease) in short-term loans payable

1,568(3,603)

Proceeds from long-term loans payable

16,68016,087

Repayment of long-term loans payable(15,856)(14,449)

Redemption of bonds

(200)

(200)

Cash dividends paid

(2)

⎯

Other

(163)

(218)

Net cash provided by (used in) financing activities

2,025(2,383)

391

(148)

Net increase (decrease) in cash and cash equivalents

6,912(1,351)

Cash and cash equivalents at beginning of period

9,275

20,160Cash and cash equivalents at end of period

16,18718,809

Income before income taxes and minority interests
Depreciation and amortization

Interest and dividends income received
Interest expenses paid

Net cash provided by (used in) investing activities
Decrease (increase) in time deposits

Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities

Effect of exchange rate change on cash and cash
equivalents-- 8 --

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2011

(4) Notes on going concern assumption
Not applicable(5) Segment information[Segment information by business]
1st six-month period ended September 30, 2009 (April 1, 2009 to September 30, 2009)
Polymers(Millions ofyen)

Environmental
Business/
Advanced
Materials(Millions of yen)

Fibers &Textiles(Millions ofyen)

Net sales(1) Net sales to outside customers(2) Inter-segment sales or transfers

29,194758

10,96925

38,491
188

11,571
1,469

90,2262,441(2,441)

90,226-

Total

29,952

10,99538,67913,04092,668(2,441)

90,226

3,981

507

(615)

1,155

5,029

(1,086)

3,942

Operating income (loss)

Health &Amenity,
Others(Millions of
yen)

Total
(Millions ofyen)

Elimination or Consolidated
corporate
total(Millions of(Millions of
yen)
yen)

[Segment information by geographic area]
1st six-month period ended September 30, 2009 (April 1, 2009 to September 30, 2009)
Segment information by geographic area is omitted since sales in Japan exceed 90% of total sales of all
segments.
[Overseas sales]
1st six-month period ended September 30, 2009 (April 1, 2009 to September 30, 2009)
I. Overseas sales (Millions of yen)
10,916
II. Consolidated sales (Millions of yen)
90,226
III. Ratio of overseas sales to consolidated sales (%)
12.1(Note) There were no segments whose sales (excluding inter-segment sales or transfers) exceeded 10% of consolidated
sales.
[Segment Information]
Information on net sales, income or loss by reportable segment
1st six-month period ended September 30, 2010 (April 1, 2010 to September 30, 2010) (Unit: Millions of yen)
Reportable segment
Polymers

Advanced Fibers &Materials Textiles

Total

Other
(Note 1)

Total

Adjustment(Note 2)

Figure in quarterly
consolidated
statements ofincome(Note 3)

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

33,08015

7,543
938,28086

78,905
111

10,376994

89,281
1,105(1,105)89,281-

Total

33,096

7,553

38,36779,016

11,371

90,387(1,105)89,281

Segment income (loss)

4,974
810
40
5,825
(18)
5,806
(1,289)4,517(Notes) 1. Other includes the Environmental Business, Medical Business, Health & Amenity Business, and Real Estate-related
Business.
2. The adjustment of 1,289 million yen for Segment income (loss) includes corporate expenses that are not allocated to eachreportable segment.
3. Segment income (loss) is adjusted with operating income in quarterly consolidated statements of income.

(Additional information)
Effective from the first quarter of the fiscal year ending March 31, 2011, Accounting Standards for Disclosuresabout Segments of an Enterprise and Related Information (ASBJ Statement No. 17, issued March 27, 2009) and
Guidance on Accounting Standard for Disclosures about Segments of an Enterprise and Related Information(ASBJ Guidance No. 20, issued March 21, 2008) have been applied.
(6) Notes on significant changes in the amount of shareholders’ equity
Not applicable-- 9 --

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2011

4. Supplementary information
1. Results and earnings forecast for fiscal year ending March 2011 (consolidated)

FY ended
Full year
March 2009
Q2
FY ended
March 2010 Full year
Consolidated

Q2
FY ended
March 2011 Full year (forecast)Comparison Q2
with prior
Full year (forecast)
year

Net
Operatingsales
income209,587,766
490,226
3,942
182,238,543
989,281
4,517
190,0011,500
0
(945)
575
7,761

2,957

(Millions of yen)
Ordinary
Net income
income3,337(13,983)

1,918

616

4,476

3,036

2,243

1,149

7,000

6,000

325

533

2,524

2,964

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

Results for
current fiscal
year

1st
Net sales to outside
six-month customers
period ended Component ratio (%)
September Operating income
2010(Results) Component ratio (%)
Net sales to outside
FY ending customers
March 2011 Component ratio (%)(Forecast) Operating income
Component ratio (%)

Elimination
Consolidatedor
total
corporate

Polymers

Advanced
Materials

Fibers &Textiles

33,0807,543

38,28010,376⎯89,281

37.1
4,974

8.4
810

42.9
40

11.6
(18)

⎯
(1,289)

100.0
4,517

110.1

17.9

0.9

(0.4)

(28.5)

100.0

68,50016,00078,00027,500⎯190,000

36.1
10,600
92.2

8.4
2,000
17.4

41.1
600
5.2

14.5
1,800
15.7

⎯
(3,500)(30.4)

100.0
11,500
100.0

Other

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

FY ended
March 2009

Full year

1st six-month
period ended
Q2
September2009
FY ended
Full year
March 2010
1st six-month
period ended
Q2
September2010
FY ending Full year
March 2011 (forecast)

Capitalexpenditures

Depreciation(Property,
plant andequipment)

R&D
expenditures

Interest-bearing
liabilities (endof fiscal year)

Financialaccountbalance

Number offull-time
employees(persons)

8,215

7,264

4,394

194,744(3,486)

5,437

1,843

3,210

1,923

197,567(1,657)

5,250

3,566

6,592

3,866

193,380(3,438)

5,037

2,521

3,004

1,820

191,071(1,655)

4,937

5,061

6,280

-- 10 --

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2011

4. Cash flow (consolidated)(Millions of yen)
Cash flowfromoperatingactivities
FY ended
March 2009

Full year

1st six-month
period ended
Q2
September2009
FY ended
Full year
March 2010
1st six-month
period ended
Q2
September
2010

Cash flowfrominvestment
activities

Cash flowfromfinancing
activities

Cash and cash equivalents at
end of fiscal year

4,977

(7,419)

(505)

9,275

6,036

(1,541)

2,025

16,187

14,286(2,683)(1,175)

20,1602,733(1,553)(2,383)18,809-- 11 --