Member of Financial Accounting Standards Foundation

Financial Results for the 1st Six-Month Period of
the Fiscal Year Ending March 31, 2010
November 10, 2009
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
Expected submission of quarterly report: November 13, 2009
Expected commencement date for paying dividend: –TEL: +81-6-6281-5721(Figures rounded to nearest million yen.)
1. Consolidated performance for 1st six-month period of fiscal year ending March 31, 2010 (April 1, 2009 to September 30,
2009)(1) Consolidated performance (accumulation)(Percentages represent changes from same period in previous year.)Net sales

Operating income

Millions of yen%

90,226
107,853(16.3)

1st six-month period of FY ending March 31, 2010
1st six-month period of FY ended March 31, 2009

Millions ofyen% Millions of yen

3,942
2,559

⎯

Quarterly net income
per share

54.0

1,918
1,236

⎯

Quarterly net
income%% Millions of yen
55.2

616
521

⎯

18.2
⎯

Quarterly net income per share after
full dilution

Yen
1.30
1.10

1st six-month period FY ending March 31, 2010
1st six-month period of FY ended March 31, 2009

Ordinary income

Yen-(2) Consolidated financial situation
Total assets

1st six-month period of FY ending March 31, 2010
FY ended March 31, 2009

Capital adequacy
ratio

Net assets

Millions of yen

Millions of yen

276,451
282,843

21,39519,746

Net assets per
share

%
6.4
5.7

Yen
37.15
33.88

(Reference) Shareholders’ equity 1st six-month period of fiscal year ending March 31, 2010: 17,664 million yen
Fiscal year ended March 31, 2009: 16,109 million yen
2. Dividend payment
Dividend per share
End of Q1

End of Q2

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

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, 2010 (forecast)(Note) Revision of dividend forecast for the current quarter: No
3. Forecast of consolidated performance for fiscal year ending March 31, 2010 (April 1, 2009 to March 31, 2010)(Percentages represent changes from same period in previous year.)Net sales%
182,000 (13.2)

Millions of yen

Fiscal year ending March 31, 2010

Operating income
Millions of yen

8,500

%
9.4

Ordinary income
Millions of yen

4,000(Note) Revision of forecast of consolidated performance for the current quarter: No

1

%
19.8

Net income
per share

Net income
Millions of yen

%

Yen

3,500

⎯

7.36

Member of Financial Accounting Standards Foundation

4. Others(1) Changes in significant subsidiaries during the term (changes in specified subsidiaries accompanying change of scopeof consolidation): No(2) Adoption of simplified accounting method and special accounting practices for preparation of quarterly consolidated
financial statements: Yes(Note) For details, please refer to [Qualitative information and financial statements] “4. Others” on page 5.
(3) Changes in accounting principles, procedures and presentations for preparation of quarterly consolidated financial
statements (those included in “Changes in Important Matters for Preparation of Quarterly Consolidated Financial
Statements”)
 Changes associated with revision of accounting standards: Yes Other changes: No(Note) For details, please refer to [Qualitative information and financial statements] “4. Others” on page 5.
(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, 2010: 475,969,000 sharesFiscal year ended March 31, 2009: 475,969,000 shares Number of treasury stocks at end of term
1st six-month period of the fiscal year ending March 31, 2010: 441,953 sharesFiscal year ended March 31, 2009: 430,885 shares Average number of shares outstanding during the term (quarterly consolidated accumulated period)
1st six-month period of the fiscal year ending March 31, 2010: 475,532,558 shares
1st six-month period of the fiscal year ended March 31, 2009: 475,566,387 shares* 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 the assumptions used as a basis for performance forecasting and points to note when using theperformance forecast, please refer to [Qualitative information and financial statements] “3. Qualitative information on theforecast of consolidated performance” on page 5.

2

Unitika Ltd. (3103)

Financial results for the 1st six-month period of fiscal year ending March 31, 2010

[Qualitative information and financial statements]
1. Qualitative information on consolidated performance
In the first six-month period of the current fiscal year ending March 31, 2010, there were visible signs of recovery
in the Japanese economy, with economic stimulus measures bringing benefits and inventory destocking coming toan end. However, there was growing concern that the economy might slow and head downward again, since
exports to the United States remained sluggish, the Yen appreciated and domestic demand, such as capital
expenditures and consumer spending, continued declining with no sign of improvement in the job market.
In such an environment, in accordance with Unitika Group basic policy under its medium-term, three-year
management plan Reform 2011, which has been implemented from the current fiscal year, the Group has promoted
structural reform comprising measures to improve business structure and reduce fixed costs, and has strived to
improve profitability, mainly in its strategic core businesses, such as the polymers and advanced materials
businesses. Consequently, Unitika reported net sales of 90,226 million yen (a decrease of 17,627 million yen
year-on-year), operating income of 3,942 million yen (an increase of 1,383 million yen year-on-year), ordinary
income of 1,918 million yen (an increase of 682 million yen year-on-year) and net income of 616 million yen (anincrease of 94 million yen year-on-year).
The Company 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 business by segment.
[Polymers]
The film business as a whole didn’t attained full-scale recovery in domestic sales. Anemic consumer spending andunseasonably cool summer weather led to a slow recovery in sales of packaging film, both nylon and polyester,while there was some improvement in new-order volumes for industrial-use film, due to recovery in demand fromthe IT industry at home and abroad. With profitability improving as a result of cost-cutting efforts and overseas
subsidiaries posting better business results, net sales decreased but income increased in the film business as awhole. In the resin business, shipments to the semiconductor and machine tool fields, both closely related to capital
expenditures, remained sluggish due to lingering effects of the recession. Sales of nylon and polyester resins
recovered for automobile, electrical machinery and electronics uses, while shipment of polyarylate resin, U
polymer, hit a plateau for value-added applications. Consequently, net sales and income decreased in the resin
business as a whole. In the nonwoven fabrics business, shipment of spunbond fabrics as a whole declined, sincedemand was weak in industrial material uses, such as automobile, construction materials and exports to the UnitedStates and Europe, despite steady demand in daily-life materials. Shipment of cotton spunlace remained sluggish
for industrial wipers, but was strong for cosmetic and miscellaneous uses. As a result, net sales and income
decreased in the nonwoven fabrics business. The Company continued to promote the use of Terramac, a nonwoven
biomass plastic, in four fields: film, resin, nonwoven fabric and textile. Shipments of Terramac remained low, due
to the worsening economy, though Terramac is gradually being adopted for use in various sundry goods andheat-resistant and durable plastic applications.
As a result, the Polymers division posted net sales of 29,194 million yen (a decrease of 8,887 million yen
year-on-year) and operating income of 3,981 million yen (an increase of 516 million yen year-on-year).
[Environmental Business/Advanced Materials]
In the environmental business, public demand-related businesses faced difficult times, since order volumes
decreased and price completion became fierce. Private demand-related businesses were sluggish due to decline inprivate capital expenditures. The Company promoted structural reform, mainly in the selection and concentrationof business and cost-reduction. Sales decreased, mainly in the waste disposal treatment field, but increased in thewater treatment and maintenance fields, resulting in improved profitability of environmental business as a whole.
Consequently, net sales decreased, but income increased in the environmental business. In the advanced materials
business, sales of glass fibers for industrial material use declined, due to decrease in construction projects, capital
expenditures and automobile production. The IC cloth business still suffered negative effects from a deteriorating
business environment in the electronic component industry, although some signs of a recovery in demand wereseen recently. Shipment of glass beads for reflective materials use declined, because of the recession and foreignexchange fluctuation. Demand was strong for activated carbon fiber for use in home water purifiers and VOC
removal sheets, but remained weak for wastewater treatment use. Net sales and income decreased in the advanced
material business.
As a result, the Environmental Business/Advanced Materials division posted net sales of 10,969 million yen (adecrease of 3,403 million yen year-on-year) and operating income of 507 million yen (an increase of 304 million
yen year-on-year).

-3-

Unitika Ltd. (3103)

Financial results for the 1st six-month period of fiscal year ending March 31, 2010

[Fibers & Textiles]
In accordance with structure reform under the medium-term management plan, the Fibers and Textiles division
shed unprofitable businesses and implemented efficiency improvement measures, including withdrawal from thenylon long staple business (excepting some special brands), the closure and downsizing of factories in the natural
fiber business, and consolidation of the Group’s clothing fiber business. Here is a summary of each business in thedivision. For the synthetic fiber business as a whole, the business environment was very tough. Shipment ofpolyester fibers for industrial use declined because of the economic contraction, in addition to lingering demand
weakness in the closing fiber field. Sales of cement reinforcing vinylon fiber, an asbestos replacement material,
plunged for building materials that are exported to Europe. The natural fiber business showed some signs of arecovery in the uniform business, but they were fragile. Sales as a whole, including for general clothing, bed andbedding uses, remained bleak.
As a result, the Fibers and Textiles division posted net sales of 38,491 million yen (a decrease of 9,131 million yen
year-on-year) and operating loss of 615 million yen (operating loss of 228 million in the same period last year).
[Health & Amenity, Others]
In the health & amenity business, sales of health food - including Hanabiratake (cauliflower fungus) healthsupplement - were sluggish, but sales of functional dietary materials such as Ceramide and Arabinose increased
steadily, since several large users continued to adopt them for their main products. In the medical business,overseas demand for enzymes dropped sharply, but sales of catheters for circulatory system use grew strongly,
thanks to efforts to strengthen existing products and market new products. In other business, sales ofcondominiums remained strong.
Consequently, the Health and Amenity, Others division posted net sales of 11,571 million yen (an increase of 3,795
million yen year-on-year) and operating income of 1,155 million yen (an increase of 892 million yen
year-on-year).

2. Qualitative information on consolidated financial positions
Total assets decreased by 6,392 million yen from the end of the previous fiscal year, to 276,451 million yen,mainly due to a decrease in notes and accounts receivable-trade and inventories. Liabilities decreased by 8,042
million yen from the end of the previous fiscal year to 255,055 million yen, mainly due to a decrease in notes andaccounts payable-trade. Net assets increased by 1,649 million yen from the end of the previous fiscal year to
21,395 million yen, mainly due to an increase in both retained earnings resulting from net income during theperiod, and foreign currency translation adjustments.
Here is a summary of the cash flow situation.
(Cash flow from operating activities)
Net cash provided by operating activities amounted to 6,036 million yen (an increase of 2,025 million
year-on-year) due to a decrease in cash inflow—the total of net income before income taxes and depreciation
and amortization—and inventories during the first six-month period of the fiscal year ending March 31, 2010.
(Cash flow from investing activities)
Net cash used in investing activities amounted to 1,541 million yen (net cash of 3,960 million yen used during
the same period last year) due to capital expenditures of 1,830 million yen in the first six-month period of the
fiscal year ending March 31, 2010.
(Cash flow from financing activities)
Net cash provided by financing activities amounted to 2,025 million yen (net cash of 1,827 million yen used in
the same period last year) due to an increase in loans payable during the first six-month period of the fiscal year
ending March 31, 2010.
As a result, cash and cash equivalents at the end of the first six-month period of the fiscal year ending March 31,
2010 increased by 6,912 million yen from the end of the previous fiscal year to 16,187 million yen.

-4-

Unitika Ltd. (3103)

Financial results for the 1st six-month period of fiscal year ending March 31, 2010

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, 2010 was almost in linewith the plan, the company did not revise its six-month and full-year forecasts for consolidated performance
announced on May 15, 2009.

4. Others(1) Changes in significant subsidiaries during the term (changes in specified subsidiaries accompanying change ofscope of consolidation):
Not applicable(2) Adoption of simplified accounting method and special accounting practices for preparation of quarterly
consolidated financial statements:
In computing corporate income taxes, some consolidated subsidiaries took only major items into account interms of additions and deductions for the income and tax credits.
(3) Changes in accounting principles, procedures and presentations for preparation of quarterly consolidated
financial statements
 For calculating revenues and costs of construction contracts, the Company formerly applied thepercentage-of-completion method to projects with a contract value of 50 million yen or more, as well as aconstruction period of more than one year, and applied the completed-contract method to other construction
contracts. Effective from the first quarter of the fiscal year ending March 31, 2010, the Company has adopted
the Accounting Standard for Construction Contracts (Accounting Standards Board of Japan Statement No.15,
issued on December 27, 2007) and the Guidance on Accounting Standard for Construction Contracts(Accounting Standards Board of Japan Guidance No. 18, issued on December 27, 2007). Thus, thepercentage-of-completion method has been applied to construction contracts that commenced in the firstquarter of the fiscal year for which the percentage of progress by the end of the first six-month period of that
fiscal year can be estimated with reasonable accuracy (the estimated percentage of completion shall be basedon the ratio of the cost incurred to the estimated total cost). The completed-contract method has been applied
to other construction contracts.
Consequently, net sales increased by 352 million yen in the first six-month period of the fiscal year ending
March 2010, while operating income, ordinary income and net income before income taxes each increased by
73 million yen.
(Additional information)
 Regarding contract constructions at the end of the first quarter, the Company recorded a provision for losses
on construction contracts from the first quarter of the fiscal year, because losses were anticipated in the future
and whose amounts could be reasonably estimated.
Consequently, operating income, ordinary income and net income before income taxes each decreased byfour million yen.
(4) Critical events, etc., regarding the assumption of a going concern
Since the Unitika Group’s net assets amounted to 19,746 million yen in the previous consolidated fiscal year, theCompany was in violation of a restrictive financial covenant regarding the long-term loans of 20,000 million yen.
However, management does not consider that there will be critical uncertainties regarding the assumption of agoing concern, since the Company will implement the following measures in accordance with Reform 2011, its
new medium-term three-year management plan, which was approved by a meeting of the board of directors heldon March 19, 2009.
• In order to bring about radical change in earnings, the Company will promote structural reform, which consistsof measures for improving the business structure of money-losing and unprofitable businesses and reducing
fixed costs.
• Management will concentrate the Company’s resources on growth areas and promote a growth strategy to
improve and strengthen its business by placing functional materials such as polymers and functional
components as a core business.
The Company aims to post ordinary income of around 10,000 million yen in the final year of the medium-termplan by implementing the above measures.
Regarding 17,000 million yen (outstanding balance of 15,850 million yen at the end of the first six-month periodof the fiscal year) out of the above long-term loan agreement, a revised agreement was concluded in September
2009 and the content of a financial covenant has been revised. At the end of the first six-month period of the
fiscal year, the Company didn’t violate its restrictive financial covenant regarding said long-term loan agreement.
Meanwhile, regarding a restrictive financial covenant in the long-term loan agreement for 3,000 million yen(outstanding balance of 1,500 million yen at the end of the first six-month period of the fiscal year), as a result ofeach financial institution’s decision an agreement was established to refrain from exercising the right to claim
acceleration of the loan maturity. This remains unchanged in the first six-month period of the fiscal year.
-5-Unitika Ltd. (3103)

Financial results for the 1st six-month period of fiscal year ending March 31, 2010

5. Quarterly financial statements(1) Consolidated quarterly balance sheets
End of 1st six-month period of
FY ending March 2010
(September 30, 2009)(Unit: Millions of yen)
Condensed consolidatedbalance sheet for previous FY(March 31, 2009)

16,23034,57033,986
16,274
3,591
5,212
(155)
109,710

9,331
36,981
38,592
18,306
4,427
7,574
(142)
115,070

104,749
52,501
157,250

104,683
53,653
158,337

134
694
828

177
682
859

9,071
(409)
8,661
166,740
276,451

10,155(1,579)8,576
167,773282,843

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-6-Unitika Ltd. (3103)

Financial results for the 1st six-month period of fiscal year ending March 31, 2010

End of 1st six-month period of
FY ending March 2010
(September 30, 2009)(Unit: Millions of yen)
Condensed consolidatedbalance sheet for previous FY(March 31, 2009)

20,42382,92432,320
400
423
669
4
14

26,52080,811
32,714
400
592
712
53

1,816
11,780150,778

3,675
12,890158,370200
81,7213,870
18118,302104,277
255,055400
80,418
4,742
342
18,824
104,727
263,097

23,798
1,661(7,214)(46)
18,19823,798
1,661(7,783)(46)
17,629

(427)

(498)

3
2,922
(3,032)(533)
3,730
21,395
276,451

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

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
Bonds payable
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

-7-

12

Unitika Ltd. (3103)

Financial results for the 1st six-month period of fiscal year ending March 31, 2010

(2) Consolidated quarterly statements of income(1st six-month period ended 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 personnal
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 losses
Income (loss) before income taxes and minority
interests
Income taxes-current
Income taxes-deferred
Total income taxes
Minority interests in income (loss)
Net income

1st six-month period ended
September 30, 2008
(April 1, 2008 to
September 30, 2008)
107,853
89,70618,147
15,587
2,559(Unit: Millions of yen)
1st six-month period ended
September 30, 2009
(April 1, 2009 to
September 30, 2009)
90,226
73,136
17,08913,147
3,942

131
84
⎯
68
1,487
1,772

103
72
164
4
795
1,140

1,944
599

1,834
627

551
3,095
1,236

702
3,164
1,918

32
⎯
32

14
108
123

255
318
745
378
1,697
(429)

369
⎯
273
545
1,188
853

357
(1,373)(1,016)
65
521

297
(49)
247
(11)
616

-8-

Unitika Ltd. (3103)

Financial results for the 1st six-month period of fiscal year ending March 31, 2010

(3) Consolidated quarterly statements of cash flows
1st six-month period ended
September 30, 2008
(April 1, 2008 to
September 30, 2008)(Unit: Millions of yen)
1st six-month period ended
September 30, 2009
(April 1, 2009 to
September 30, 2009)

Income (loss) before income taxes and minority
interests

(429)

853

Depreciation and amortization

3,494

3,311

Increase (decrease) in allowance for doubtful
accounts

97

111

Increase (decrease) in provision for businessstructure improvement⎯(1,859)Interest expenses

1,944

1,834

Loss (gain) on sales of investment securities

⎯
6,545

(164)
2,592

Decrease (increase) in inventories(2,117)

7,700

Increase (decrease) in notes and accounts
payable-trade(4,081)(6,202)

Other

973

(45)

Sub-total

6,426

8,132

226

192

(1,947)(1,879)

Income taxes paid

(693)

(409)

Net cash provided by (used in) operating activities

4,011

6,036

Decrease (increase) in time deposits

36

13

Purchase of investing securities

(12)

(19)

1

332

Purchase of property, plant and equipment(3,841)(1,830)

Proceeds from sales of property, plant andequipment

210

27

Other

(354)

(65)

(3,960)(1,541)

Net increase (decrease) in short-term loans payable(1,211)

1,568

Proceeds from long-term loans payable

42,114

16,680

Repayment of long-term loans payable(41,326)(15,856)

Redemption of bonds

(200)

(200)

Cash dividends paid

(935)

(2)

Other

(268)

(163)

(1,827)

2,025

54

391

Net increase (decrease) in cash and cash equivalents(1,722)

6,912

Cash and cash equivalents at beginning of period

13,2099,275

Cash and cash equivalents at end of period

11,487

16,187

Net cash provided by (used in) operating activities

Decrease (increase) in notes and accounts
receivable-trade

Interest and dividends income received
Interest expenses paid

Net cash provided by (used in) investment activities

Proceeds from sales of investment securities

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

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents-9-Unitika Ltd. (3103)

Financial results for the 1st six-month period of fiscal year ending March 31, 2010

(4) Notes on going concern assumption
Not applicable(5) Segment information[Segment information by business]
1st six-month period ended September 30, 2008 (April 1, 2008 to September 30, 2008)
Health &Amenity,
Others(Millions ofyen)

Polymers(Millions ofyen)

Environmental
Business/Advanced
Materials(Millions of yen)

Fibers &Textiles(Millions ofyen)

Net sales(1) Net sales to outside customers

38,081

14,37347,622

7,776

107,853

1,761

382

1,248

1,952

5,344

⎯
(5,344)

107,853(2) Inter-segment sales or transfers
Total

39,843

14,75548,870

9,728

113,198(5,344)

107,853

3,464

203

(228)

263

3,702

(1,142)

2,559

Eliminationor corporate(Millions ofyen)Consolidated
total(Millions ofyen)Operating income (loss)

Total(Millions ofyen)

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

⎯

1st six-month period ended September 30, 2009 (April 1, 2009 to September 30, 2009)
Polymers(Millionsof yen)Environmental
Business/Advanced
Materials(Millions of yen)

Fibers &Textiles(Millions ofyen)

Health &Amenity,
Others(Millions of
yen)

Total
(Millionsof yen)Net sales(1) Net sales to outside customers

29,194

10,96938,491

11,571

90,226

758

25

188

1,469

2,441

⎯
(2,441)

90,226(2) Inter-segment sales or transfers
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)⎯[Segment information by geographic area]
1st six-month period ended September 30, 2008 (April 1, 2008 to September 30, 2008) and 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, 2008 (April 1, 2008 to September 30, 2008)
I. Overseas sales (Millions of yen)
16,061
II. Consolidated sales (Millions of yen)
107,853
III. Ratio of overseas sales to consolidated sales (%)
14.9(Note) There were no segments whose sales (excluding inter-segment sales or transfers) exceeded 10% of consolidated
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.
(6) Notes on significant changes in the amount of shareholders’ equity
Not applicable- 10 -

Unitika Ltd. (3103)

Financial results for the 1st six-month period of fiscal year ending March 31, 2010

6. Other information
Financial Results for the 1st Six-Month Period of the Fiscal Year Ending March 31, 2010 Supplementary
information
1. Results and forecast for the Fiscal Year Ending March 31, 2010 (consolidated basis)
Net sales
FY ended March 2008
FY ended March 2009
Consolidated
performance FY ending March 2010
Comparison to previous FY

Operatingincome(Millions of yen)
Ordinary
Net income
incomeFull year

234,744

11,5538,013

1st six-month period

107,853

2,559

1,236

1,550
521

Full year

209,584

7,766

3,337

(13,983)

1st six-month period

90,226

3,942

1,918

616

Full year (forecast)

182,000

8,500

4,000

3,500

1st six-month period(17,627)

1,383

682

95

Full year (forecast)(27,584)734

663

17,483

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

Resultsforprevious
year

Polymers

Environmental
Business/
Advanced
Materials

Fibers &Textiles

1st six-month Net sales to outside customers
period ended Component ratio (%)
SeptemberOperating income
2008
Component ratio (%)

38,081

14,37347,622

35.3

13.3

3,464

203

135.4

7.9

Net sales to outside customers

68,53430,408FY ended
March 2009

7,776

⎯

107,853

44.2

7.2
263

⎯
(1,142)

100.0

(228)
(8.9)

10.3

(44.6)

100.0

90,59520,046⎯

209,584
100.0

Component ratio (%)

32.7

14.5

43.2

9.6

Operating income

8,249

1,859

(217)

1,332

⎯
(3,457)

Component ratio (%)
1st six-month Net sales to outside customers
period ended Component ratio (%)
September
Forecast 2009 (results) Operating income
Component ratio (%)
forcurrent
Net sales to outside customers
year
FY endingComponent ratio (%)
March 2010
Operating income(forecast)

1st six-month
period ended
SeptemberCompar- 2009ison topreviousFY
FY endingMarch 2010
(forecast)

Health &Elimination ConsoliAmenity,
or corporate dated total
Others

2,559

7,766

106.2

23.9

(2.8)

17.2

(44.5)

100.0

29,194

10,96938,491

11,571⎯

90,226

32.4

12.2

42.7

12.8

100.0

3,981

507

(615)

1,155

⎯
(1,086)

101.0

12.9

(15.6)

29.3(27.5)

100.0

60,00022,00080,00020,000⎯

182,000

33.0

12.1

44.0

11.0

100.0

3,942

8,600

2,000

0

1,300

⎯
(3,400)Component ratio (%)

101.2

23.5

0.0

15.3

(40.0)

100.0

Net sales to outside customers(8,887)(3,404)(9,131)

3,795⎯(17,627)

Percentage change (%)(23.3)(23.7)(19.2)

48.8⎯(16.3)

8,500

Operating income

517

304

(387)

892

56

1,383

Percentage change (%)

14.9

149.8

⎯

339.2

(4.9)

54.0

Net sales to outside customers(8,534)(8,408)(10,595)(46)⎯

Percentage change (%)⎯(27,584)(12.5)(27.7)(11.7)(0.2)

Operating income

351

141

217

(32)

57

734

Percentage change (%)

4.3

7.6

⎯

(2.4)

(1.6)

9.4

- 11 -(13.2)

Unitika Ltd. (3103)

Financial results for the 1st six-month period of fiscal year ending March 31, 2010

3. Capital expenditures, depreciation and amortization (property, plant and equipment), research and development
expenses, interest-bearing liability, financial account balance and number of full-time employees (consolidated basis)(Million yen, person)

FY ended March 2008
1st six-month period ended September 2008
FY ended March 2009
1st six-month period ended September 2009
FY ending March 2010

Full year
Q2
Full year
Q2
Full year(forecast)Research
Interest
Number of
Depreciation
Financial
Capitalandbearingfull-timeandaccount
expendituresdevelopment
liability
employees
amortization
balanceexpenses (end of term)(person)
7,167
6,467
4,230
192,785(3,699)
5,531
4,992
3,366
2,150
192,489(1,728)
5,556
8,215
7,264
4,394
194,744(3,486)
5,437
1,843
3,210
1,923
197,567(1,657)
5,250
4,175

7,090

4. Cash flows (Consolidated basis)

FY ended March 2008
1st six-month period ended September 2008
FY ended March 2009
1st six-month period ended September 2009

Full year
Q2
Full year
Q2

Net cashprovided by(used in)operatingactivities
8,129
4,011
4,977
6,036

- 12 -Net cashprovided by(used in)investingactivities(5,500)(3,960)(7,419)(1,541)(Millions of yen)
Net cashprovided by
Cash and cash(used in)equivalents at end of
financing
periodactivities(5,113)
13,209(1,827)
11,487
(505)
9,275
2,025
16,187