Member of Financial Accounting Standards Foundation

Financial Results for the 2nd Quarter of the Fiscal Year Ending March 31, 2012
November 8, 2011
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 11, 2011
Expected commencement date for paying dividend: –Preparation of supplementary explanation documents for quarterly financial results: Yes
Holding of an analyst meeting for quarterly financial results: Yes (for securities analysts and institutional investors)(Figures rounded to nearest million yen.)
1. Consolidated performance for 2nd quarter of fiscal year ending March 31, 2012 (April 1, 2011 to September 30, 2011)(1) Consolidated performance (accumulation)(Percentages represent changes from same period in previous year.)Net sales

Operating income
%
(2.5)
(1.0)

Millions of yen

Q2 of FY ending March 31, 2012
Q2 of FY ended March 31, 2011

(Note) Comprehensive income

87,07589,281

Ordinary income

%
8.2
14.6

Millions of yen

4,888
4,517

%
15.7
16.9

Millions of yen

2,594
2,243

Quarterly net income
Millions of yen

1,039
1,149

%
(9.6)
86.4

Q2 of FY ending March 31, 2012: 1,351 million yen [24.7%]
Q2 of FY ended March 31, 2011: 1,083 million yen [%]Quarterly net income per share

Quarterly net income per share after full dilution
Yen
1.84

Yen
1.95
2.42

Q2 of FY ending March 31, 2012
Q2 of FY ended March 31, 2011

(2) Consolidated financial situation
Total assets
Q2 of FY ending March 31, 2012
FY ended March 31, 2011

(Reference) Shareholders’ equity

Net assets

Millions of yen
279,326
268,740

Capital adequacy ratio

Millions of yen
32,35325,977%10.3
8.3

2nd quarter of fiscal year ending March 31, 2012: 28,636 million yen
Fiscal year ended March 31, 2011: 22,336 million yen

2. Dividend payment
Dividends per share
End of Q1

End of Q2

FY ended March 31, 2011
FY ending March 31, 2012

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, 2012 (forecast)(Note) Revision of the latest dividend forecast: None

3. Forecast of consolidated performance for fiscal year ending March 31, 2012 (April 1, 2011 to March 31, 2012)(% figures represent changes from same period in previous year.)Net sales
Millions of yen

Operating income%

178,500
FY ending March 31, 2012
(1.2)
(Note) Revision of the latest forecasts of operational results: None

Ordinary income

Net income pershare

Net income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen

12,500

18.9

8,000

30.7

3,500

43.2

6.34

Member of Financial Accounting Standards Foundation

4. Others(1) Changes in significant subsidiaries during the period: No(2) Adoption of special accounting methods for preparing quarterly consolidated financial statements: No(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
 Changes in accounting policies due to revisions of accounting standards: No Changes of accounting policies other than the above: No Changes in accounting estimates: No
 Retrospective restatement: No(4) Number of shares outstanding (Common stock) Number of shares outstanding at end of term (including treasury stock):
2nd quarter of the fiscal year ending March 31, 2012: 572,960,324 sharesFiscal year ended March 31, 2011: 475,969,000 shares Number of treasury stocks at end of term
2nd quarter of the fiscal year ending March 31, 2012: 568,871 sharesFiscal year ended March 31, 2011: 561,784 shares Average number of shares outstanding during the term (quarterly consolidated accumulated period)
2nd quarter of the fiscal year ending March 31, 2012: 531,994,768 shares
2nd quarter of the fiscal year ended March 31, 2011: 475,420,056 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 Results, (3) Qualitative information on the forecastof consolidated results on page 4 of the attachment.

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2012 Table of contents for the attachment
1. Qualitative Information on Quarterly Results ....................................................................................... 2(1) Qualitative Information on Consolidated Results ............................................................................. 2(2) Qualitative information on financial positions .................................................................................. 4(3) Qualitative information on the forecast of consolidated results ......................................................... 4
2. Matters concerning Summary Information (Other) ............................................................................... 4(1) Changes in significant subsidiaries during the period ....................................................................... 4(2) Adoption of special accounting methods for preparing quarterly consolidated financial
statements ....................................................................................................................................... 4(3) Changes in accounting policies, changes in accounting estimates and retrospective restatements ...... 4
3. Quarterly financial statements .............................................................................................................. 5(1) Consolidated quarterly balance sheets .............................................................................................. 5(2) Consolidated quarterly statements of income and consolidated quarterly statements ofcomprehensive income .................................................................................................................... 7
Consolidated quarterly statements of income
Six-month period ended September 30, 2011 ................................................................................... 7
Consolidated quarterly statements of comprehensive income
Six-month period ended September 30, 2011 ................................................................................... 8(3) Consolidated quarterly statements of cash flows .............................................................................. 9(4) Notes on going concern assumption ............................................................................................... 10(5) Segment information ..................................................................................................................... 10(6) Notes on significant changes in shareholders’ equity ...................................................................... 10
4. Supplementary information ................................................................................................................ 11-1 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2012

1. Qualitative Information on Quarterly Results(1) Qualitative Information on Consolidated Results
In the first six-month period of the fiscal year ending March 31, 2012, the domestic economy sharply
contracted after the Great East Japan Earthquake. It picked up with restoration of the disrupted supply
chain, subsequent recovery of demand and near elimination of supply bottlenecks. In addition, theshortage of electricity in the summer was overcome by implementation of an electricity-saving
campaign and rolling operations. However, there was growing uncertainty over the economic outlook,because the export environment was deteriorating—a decline in foreign demand caused by the global
economic contraction including an economic slowdown in the U.S. and Europe and a sharp appreciationof the yen—although the economies of emerging countries including China was expected to keep
growing.
In such an environment, the Unitika Group promoted structural reform in accordance with measures
under its medium-term, three-year management plan, Reform 2011, which ends in the current fiscal year,
and strived to improve the profitability of the Textile business and strengthen the Polymers business as afunctional material manufacturer. Consequently, the Group reported net sales of 87,075 million yen(down 2.5% year-on-year), operating income of 4,888 million yen (up 8.2% year-on-year), ordinary
income of 2,594 million yen (up 15.7% year-on-year), and net income of 1,039 million yen (down 9.6%
year-on-year).
The Unitika Group has decided it will continue to pay no interim dividend for the fiscal year ending
March 31, 2012. The management sincerely appreciates shareholders’ understanding in this matter.
Here is an overview of the business results by segment.
[Polymers]
In the films business, earnings in the packaging field grew due to expanded sales of differentiatedproducts as well as a sharp increase in sales supported by a brisk demand, mainly nylon products.
Meanwhile, sales in the industrial field decreased because of a decline in sales volumes caused byproduction adjustments and a temporary suspension of production for remodeling of some production
facilities to improve quality in the IT- and LCD-related industries. As a result, in the film business as awhole, sales and income increased.
In the resins business, the division had a tough time to secure earnings for nylon resins, due to a decline
in shipments for automobile applications, one of the main uses, and soaring raw material and fuel prices.
The profitability of polyester deteriorated because of a sharp rise in raw material and fuel prices,
although a fall in shipments for bottle applications was partly covered by an increase in shipments foradhesive agent applications. In the meantime, shipments of U-Polymer, the Company’s original
polylactide resin, for office equipment and precision equipment applications remained steady,contributing to earnings. However, sales and income decreased in the resins business.
In the non-woven fabric business, shipments of polyester spunbond for agricultural material, roofing
and civil engineering applications were strong, making up for a decline in demand from automobile andinterior material applications. However, the division was forced to fight an uphill battle, because it
could not fully absorb the rising costs of raw materials and fuels through price revision, and profit
margins of export products declined due to the strong yen. Shipments of cotton spunlace for wet sheet
applications remained robust due to implementation of the electricity-saving campaign in the summer.
As a result, in the nonwoven fabrics business, sales increased and income remained flat.
The division has actively promoted the use of Terramac, a nonwoven biomass plastic, in the field offilm, resin, nonwoven and textile. Shipments of Terramac for some applications declined due todecreased production by some customers after the March 11th earthquake, but the number of companies
that decided to adopt it, mainly for sundry uses, has been steadily increasing.
Consequently, the Polymers division posted sales of 35,397 million yen (up 7.0% year-on-year) andoperating income of 4,939 million yen (down 0.7% year-on-year).

-2 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2012

[Advanced Materials]
In the glass fibers business, the division struggled to increase shipments for interior material
applications due to weak new building constructions and those for automobile applications due to
production adjustments, but it saw shipments for building and civil engineering refurbishment growsolidly and those for other applications increase. In the IC cloth business, the division continued to
struggle to maintain profitability as a whole, because shipments stagnated due to a decline in thecapacity utilization rates of some customers as a result of the impact of the March 11th earthquake,
despite an increase in exports and shipments of high value added products such as ultra thin typeproducts. In the glass beads business, shipments for road marking applications were robust. However,the division saw shipments for industrial applications decrease, because orders for high value added
products were postponed due to the March 11th earthquake. In addition, shipments for reflective
materials applications were sluggish due to the deteriorating economy in the United States and Europe
and the yen’s appreciation. Meanwhile, in the activated carbon fibers business, shipments for water
purifiers including those built into faucets and for professional-use mask applications expanded.
Consequently, the Advanced Materials division posted sales of 7,754 million yen (up 2.8%
year-on-year) and operating income of 814 million yen (up 0.5% year-on-year).
[Fibers and Textiles]
In the industrial materials business, shipments of ultra-high-strength polyester filament yarn for
construction and civil engineering applications remained strong. However, the division had difficulty inmaintaining the profitability of short-fiber polyester despite sales expansion, because profit margins
declined due to the strong yen, and the rising costs of raw materials and fuels could not be fully
absorbed through price revision. In addition, the division cultivated new demand for vinylon fiber for
reinforced concrete applications in emerging countries to make up for a delay in the recovery of demandin Europe. Thanks to its efforts, the division saw overall sales volumes pick up, but failed to improve
profitability due to price competition, the yen’s appreciation and soaring raw material and fuel prices.
In the garments, lifestyle materials, and bedding business, shipments of uniforms for the public andprivate sectors were solid. In addition, sales of differentiated threads, such as long-staple polyester
filament, increased. In the field of sportswear and women’s clothing, sales of heat-retaining materials
for fall and winter clothes remained steady due to the growing consciousness of electricity saving. Salesof the garments, lifestyle materials, and bedding business have been decreasing due to theimplementation of selection and concentration, but the division saw profitability improve further.
Consequently, the Fibers & Textiles division posted sales of 38,067 million yen (down 0.6%
year-on-year) and operating income of 386 million yen (up 858.9% year-on-year).
[Others]
In the health & amenity business, sales of health food, such as Hanabiratake-related goods, and feeding
stuffs grew steadily, but those of functional dietary materials were sluggish due to weak domestic
demand.
In the medical business, sales of catheters for the treatment of the circulatory system diseases increasedin the medical product field, while exports of enzymes to the U.S. and Europe were weak but clinicaldiagnostic reagents were strong in the biochemical field. The medical business as a whole remainedsolid. In the real estate business, sales of condominiums were relatively firm.
Consequently, the Others division posted sales of 5,855 million yen (down 43.6% year-on-year) and an
operating loss of 56 million yen (operating loss of 18 million yen in the year-earlier period).

-3 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2012

(2) Qualitative information on financial positions
Total assets increased by 10,585 million yen from the end of the previous consolidated fiscal year to279,326 million yen, mainly due to an increase in cash and deposits, inventories and property, plant andequipment. Liabilities grew by 4,210 million yen from the end of the previous consolidated fiscal year
to 246,972 million yen, mainly due to an increase in loans payable. Net assets increased by 6,375
million yen from the end of the previous consolidated fiscal year to 32,353 million yen, mainly due an
increase in both retained earnings and capital stock and capital surplus due to the exercise ofsubscription rights to shares.
Here is a summary of the cash flow situation.
(Net cash provided by [used in] operating activities)
Net cash flow generated by operating activities during the first six-month period of the fiscal year
ending March 31, 2012 amounted to 274 million yen (net cash flow of 2,733 million yen provided
during the same period last year) due to an increase in notes and accounts receivable-trade andinventories, despite a cash inflow (quarterly net income before income taxes plus depreciation andamortization).
(Net cash provided by [used in] investing activities)
Net cash flow generated by investing activities during the first six-month period of the fiscal year
ending March 31, 2012 amounted to 5,418 million yen (net cash flow of 1,553 million yen used during
the same period last year) due to capital expenditures of 5,279 million yen.
(Net cash provided by [used in] financing activities)
Net cash flow generated by financing activities during the first six-month period of the fiscal year
ending March 31, 2012 amounted to 9,433 million yen (net cash flow of 2,383 million yen used during
the same period last year) due to proceeds from loans payable and proceeds from issuance of
convertible bond-type bonds with subscription rights to shares.
As a result, cash and cash equivalents at the end of the first six-month period of the fiscal year ending
March 31, 2012 increased by 3,813 million yen from the end of the previous fiscal year to 20,403
million yen.
(3) Qualitative information on the forecast of consolidated results
Because financial results in the second quarter of the consolidated fiscal year ending March 31, 2012were almost in line with the plan, the Group did not revise its full-year forecasts of consolidated results
announced on May 10, 2011.
2. Matters concerning Summary Information (Other)(1) Changes in significant subsidiaries during the period
Not applicable(2) Adoption of special accounting methods for preparing quarterly consolidated financial statements
Not applicable(3) Changes in accounting policies, changes in accounting estimates and retrospective restatements
Not applicable(Additional information)
Due to accounting changes and corrections of prior period errors that are conducted after the beginning of
the first three-month period of the fiscal year ending March 31, 2012, the Company has adopted the
Accounting Standard for Accounting Changes and Error Corrections (ASBJ Statement No. 24, issued on
December 4, 2009) and Guidance on Accounting Standard for Accounting Changes and Error Corrections(ASBJ Guidance No. 24, issued on December 4, 2009).

-4 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2012

3. Quarterly financial statements(1) Consolidated quarterly balance sheets(Unit: Millions of yen)Previous consolidated
fiscal year
(March 31, 2011)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Inventories
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Land
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets-5 -Q2 of FY ending March 2012
(September 30, 2011)16,78641,89846,615
4,514(233)
109,580

20,602
43,17749,922
4,250(221)
117,731

104,606
47,062
151,669

104,799
49,599154,399

3
727
731

25
773
798

7,368
(609)
6,758
159,159
268,740

6,988
(591)
6,397
161,594
279,326

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2012

(Unit: Millions of yen)Previous consolidated
fiscal year
(March 31, 2011)
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Income taxes payable
Provision for bonuses
Provision for loss on construction contracts
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
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets-6 -Q2 of FY ending March 2012
(September 30, 2011)

24,95273,89337,480
325
1,160

624
10,869149,306

22,70871,55433,271
319
1,553
13
276
11,539141,237

71,176
5,651
71
16,55693,456
242,762

82,502
6,341
59
16,831
105,735
246,972

23,798
1,661(1,943)(55)
23,46026,298
4,161
(905)
(55)
29,498

(49)

(69)

43
2,452
(3,569)(1,123)
3,641
25,977
268,740(6)
2,453(3,238)(862)
3,716
32,353279,326

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2012

(2) Consolidated quarterly statements of income and consolidated quarterly statements of comprehensive
income(Consolidated quarterly statements of income)(Six-month period ended September 30, 2011)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
Other
Total non-operating income
Non-operating expenses
Interest expenses
Equity in losses of affiliates
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of noncurrent assets
Total extraordinary income
Extraordinary loss
Loss on disposal of noncurrent assets
Loss on valuation of investment securities
Business structure improvement expenses
Loss on abolishment of retirement benefit plan
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
Net income

Six-month period
ended September 30, 2010
(April 1, 2010 to
September 30, 2010)
89,281
72,568
16,713
12,196
4,517(Unit: Millions of yen)Six-month period
ended September 30, 2011
(April 1, 2011 to
September 30, 2011)
87,07570,126
16,94812,060
4,888

92
72
7
563
735

70
66

586
723

1,820

1,189
3,009
2,243

1,636
157
1,222
3,016
2,594

293
293

16
16

213
431
206
13
614
1,479
1,056

299
8
482
291
162
1,244
1,366

388
(507)
(118)
1,175
26
1,149

227
88
315
1,050
11
1,039

-7 -

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2012

(Consolidated quarterly statements of comprehensive income)(Six-month period ended September 30, 2011)

Income before minority interests

Six-month period ended
September 30, 2010
(April 1, 2010 to
September 30, 2010)
1,175(Unit: Millions of yen)Six-month period ended
September 30, 2011
(April 1, 2011 to
September 30, 2011)
1,050

86
(8)
(149)
(20)

(20)
(49)
389
(19)

(92)
1,083

300
1,351

1,074

1,300

8

50

Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income of associates
accounted for using equity method
Total other comprehensive income
Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable to owners of
the parent
Comprehensive income attributable to minority
interests-8 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2012

(3) Consolidated quarterly statements of cash flows
Six-month period ended
September 30, 2010
(April 1, 2010 to
September 30, 2010)

Six-month period ended
September 30, 2011
(April 1, 2011 to
September 30, 2011)

Net cash provided by (used in) operating activities
Income before income taxes and minority interests

1,056

1,366

Depreciation and amortization

3,087

2,789

Increase (decrease) in allowance for doubtful
accounts

134

(21)

Increase (decrease) in provision for retirement
benefits

635

683

Increase (decrease) in provision for businessstructure improvement

(263)

(348)

Increase (decrease) in other provision

(65)

395

Interest expenses

1,820

1,636

Decrease (increase) in notes and accounts
receivable-trade(3,081)(1,247)

Decrease (increase) in inventories

3,655(3,269)

Increase (decrease) in notes and accounts
payable-trade(2,701)(2,238)Other, net

52

1,738

Subtotal

4,330

1,484

415

150

(1,809)(1,684)

Income taxes paid

(202)

(225)

Net cash provided by (used in) operating activities

2,733

(274)

Decrease (increase) in time deposits

(161)

(2)

Purchase of investment securities

(10)

(32)

Proceeds from sales of investment securities

15

7

Purchase of property, plant and equipment(2,161)(5,279)Proceeds from sales of property, plant andequipment

850

35Interest and dividends income received
Interest expenses paid

Net cash provided by (used in) investing activities

(86)

(148)

(1,553)(5,418)Net increase (decrease) in short-term loans payable(3,603)(2,468)Proceeds from long-term loans payable

16,087

27,580

Repayment of long-term loans payable(14,449)(20,460)

5,000

Redemption of bonds(200)

Other, net

(218)


(217)

(2,383)

9,433

(148)

73

Net increase (decrease) in cash and cash equivalents(1,351)

3,813

Cash and cash equivalents at beginning of period

20,16016,589Cash and cash equivalents at end of period

18,80920,403

Other, net
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities

Proceeds from issuance of convertible bond-typebonds with subscription rights to shares

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 2nd quarter of fiscal year ending March 31, 2012

(4) Notes on going concern assumption
Not applicable(5) Segment information[Segment Information]
Information on net sales, income or loss by reportable segment
Six-month period ended September 30, 2010 (April 1, 2010 to September 30, 2010)(Unit: Millions of yen)
Reportable segment
Advanced Fibers &Materials Textiles

Polymers

Total

Other
(Note 1)

Total

Figure in quarterly
consolidated
Adjustment
statements of(Note 2)income(Note 3)

Net sales
Net sales to outside customers

33,0807,543

38,28078,905

10,37689,281

15

9

86

111

994

1,105


(1,105)89,281

Inter-segment sales or transfers

33,096

7,553

38,36779,016

11,371

90,387(1,105)89,281

Total

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.

Six-month period ended September30, 2011 (April 1, 2011 to September 30, 2011)(Unit: Millions of yen)
Reportable segment
Advanced Fibers &Materials Textiles

Polymers

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

Total

Other
(Note 1)

Total

Adjustment(Note 2)

5

23

104

134

986

1,120


(1,120)35,403

7,778

38,17281,354

6,842

88,196(1,120)35,397

7,754

38,067

81,2195,855

87,075Figure in quarterly
consolidated
statements ofincome(Note 3)87,07587,075

Segment income (loss)
4,939
814
386
6,140
(56)
6,084
(1,195)
4,888(Notes) 1. Other includes the Environmental Business, Medical Business, Health & Amenity Business, and Real Estate-related
Business.
2. The adjustment of 1,195 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.

(6) Notes on significant changes in the amount of shareholders’ equity
During the Six-month period ended September 30, 2011, due to conversion (exercise) of No.1
unsecured convertible bond-type bonds with subscription rights to shares, capital stock and capitalsurplus each increased by 2,500 million yen. Consequently, capital stock and capital surplus totaled
26,298 million yen and 4,161 million yen, respectively, at the end of the first six-month period of the
fiscal year ending March 31, 2012.

- 10 -

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2012

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

Consolidated

FY ended
March 2010
FY ended
March 2011
FY endingMarch 2012
Comparison
with prior year

(Millions of yen)
Ordinary
Net income
incomeNet sales

OperatingincomeFull year

182,239

8,543

4,476

3,036

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

89,281
180,706
87,075
178,500(2,206)(2,206)

4,517
10,513
4,888
12,500
371
1,987

2,243
6,119
2,594
8,000
351
1,881

1,149
2,444
1,039
3,500
(110)
1,056

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

Net sales to outside
1st
six-month customers
period ended Component ratio (%)
September Operating income
Results for
2010
Component ratio (%)
prior fiscal
Net sales to outside
year
customers
FY ended
Component ratio (%)
March 2011
Operating income
Component ratio (%)
1st
Net sales to outside
six-month customers
period ended Component ratio (%)
September Operating income
2011
Results for(Results) Component ratio (%)
current fiscal
Net sales to outsideyear
FY ending customers
March 2012 Component ratio (%)(Forecast) Operating income
Component ratio (%)
Net sales to outside
1stcustomers
six-month
Increase/decrease
period ended
from prior year (%)
SeptemberOperating income
2011
Increase/decrease(Results)
Comparison
from prior year (%)
with prior
Net sales to outside
year
customers
FY ending Increase/decrease
March 2012 from prior year (%)(Forecast) Operating income
Increase/decrease
from prior year (%)

Elimination
Consolidatedor
total
corporate

Polymers

Advanced
Materials

Fibers &Textiles

33,0807,543

38,28010,376



89,281

37.1
4,974
110.1

8.4
810
17.9

42.9
40
0.9

11.6
(18)
(0.4)


(1,289)(28.5)

100.0
4,517
100.0

67,016

14,931

77,095

21,662



180,706

37.1
10,550
100.4

8.3
1,771
16.8

42.7
840
8.0

12.0
952
9.1


(3,600)(34.2)

100.0
10,513100.0

35,397

7,754

38,0675,855



87,075

40.7
4,939

8.9
814

43.7
386

6.7
(56)


(1,195)

100.0
4,888

101.0

16.7

7.9

(1.1)

(24.4)

100.0

71,00015,50077,00015,000

178,500

39.8
10,800
86.4

8.7
2,100
16.8

43.1
1,500
12.0

8.4
1,400
11.2


(3,300)(26.4)

100.0
12,500
100.0

2,317

211

(213)

(4,521)(2,206)

7.0

2.8

(0.6)

(43.6)



(2.5)

(35)

4

346

(38)

94

371

(0.7)

0.5

858.9



(7.3)

8.2

3,984

569

(95)

(6,662)(2,206)

Other

5.9

3.8

(0.1)

(30.8)



(1.2)

250

329

660

448

300

1,987

2.4

18.6

78.6

47.1

(8.3)

18.9

- 11 -

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2012

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
Full year2010
1st six-month
period ended
Q2
September 2010
FY ended
Full year
March 2011
1st six-month
period ended
Q2
September 2011
FY ending
Full year
March 2012
(forecast)

Capitalexpenditures

Depreciation(Property,
plant andequipment)

R&D
expenditures

Interest-bearing
liabilities (endof fiscal year)

Financialaccountbalance

Number offull-time
employees(persons)

3,566

6,592

3,866

193,380(3,438)

5,037

2,521

3,004

1,820

191,071(1,655)

4,937

4,437

6,106

3,615

182,550(3,261)

4,845

5,627

2,706

1,886

187,329(1,499)

4,748

9,615

5,776

4. Cash flow (consolidated)(Millions of yen)
Cash flowfromoperatingactivities
FY ended March
Full year2010
1st six-month
period ended
Q2
September 2010
FY ended
Full year
March 2011
1st six-month
period ended
Q2
September 2011

Cash flowfrominvestment
activities

Cash flowfromfinancing
activities

Cash and cash equivalents at
end of fiscal year

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

20,1602,733(1,553)(2,383)18,80910,416(2,959)(10,844)

16,589(274)(5,418)

9,433

20,403- 12 -