Member of Financial Accounting Standards Foundation

Financial Results for the 1st Quarter of the Fiscal Year Ending March 31, 2012
August 5, 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: August 12, 2011
Expected commencement date for paying dividend: –Preparation of supplementary explanation documents for quarterly financial results: No
Holding of an analyst meeting for quarterly financial results: No(Figures rounded to nearest million yen.)
1. Consolidated performance for 1st quarter of fiscal year ending March 31, 2012 (April 1, 2011 to June 30, 2011)(1) Consolidated performance (accumulation)(Percentages represent changes from same period in previous year.)Net sales

Q1 of FY ending March 31, 2012
Q1 of FY ended March 31, 2011

(Note) Comprehensive income

Operating income
%
(0.3)
5.0

Millions of yen

44,56544,681Millions of yen

3,040
1,976

Ordinary income

%
53.8
81.9

%
119.2
764.9

Millions of yen

2,124
969

Quarterly net income
Millions of yen

862
56

%

3.3

Q1 of FY ending March 31, 2012: 1,062 million yen [675.6%]
Q1 of FY ended March 31, 2011: 136 million yen [%]Quarterly net income per share

Quarterly net income per share after full dilution
Yen
1.55

Yen
1.74
0.12

Q1 of FY ending March 31, 2012
Q1 of FY ended March 31, 2011

(2) Consolidated financial situation
Total assets
Q1 of FY ending March 31, 2012
FY ended March 31, 2011

(Reference) Shareholders’ equity

Net assets

Millions of yen
270,433
268,740

Capital adequacy ratio

Millions of yen
29,81425,977%9.7
8.3

1st quarter of fiscal year ending March 31, 2012: 26,101 million yen
Fiscal year ended March 31, 2011: 22,336 million yen

2. Dividend payment
Dividends per share
End of Q1

End of Q2Yen

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




FY ending March 31, 2012 (forecast)(Note) Revision of the latest dividend forecast: None

End of Q3
Yen
0.00
0.00

Year end
Yen

Annual



Yen
0.00

Yen
0.00



0.00

0.00

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

Operating income

Millions of yen% Millions of yen
6-month period ending September 30,
85,0004,500
2011 (accumulation)(4.8)
178,500
12,500FY 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

(0.4)
18.9

2,500
8,000

11.4
30.7

1,000
3,500

(13.0)
43.2

1.88
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):
1st quarter of the fiscal year ending March 31, 2012: 527,527,879 sharesFiscal year ended March 31, 2011: 475,969,000 shares Number of treasury stocks at end of term
1st quarter of the fiscal year ending March 31, 2012: 564,915 sharesFiscal year ended March 31, 2011: 561,784 shares Average number of shares outstanding during the term (quarterly consolidated accumulated period)
1st quarter of the fiscal year ending March 31, 2012: 494,795,794 shares
1st quarter of the fiscal year ended March 31, 2011: 475,420,533 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 3 of the attachment.

Unitika Ltd. (3103)

Financial results for 1st quarter of fiscal year ending March 31, 2012

〇 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 .................................................................................. 2(3) Qualitative information on the forecast of consolidated results ......................................................... 3
2. Matters concerning Summary Information (Other) ............................................................................... 3(1) Changes in significant subsidiaries during the period ....................................................................... 3(2) Adoption of special accounting methods for preparing quarterly consolidated financial
statements ....................................................................................................................................... 3(3) Changes in accounting policies, changes in accounting estimates and retrospective restatements ...... 3
3. Quarterly financial statements .............................................................................................................. 4(1) Consolidated quarterly balance sheets .............................................................................................. 4(2) Consolidated quarterly statements of income and consolidated quarterly statements ofcomprehensive income .................................................................................................................... 6
Consolidated quarterly statements of income
Three-month period ended June 30, 2011......................................................................................... 6
Consolidated quarterly statements of comprehensive income
Three-month period ended June 30, 2011......................................................................................... 7(3) Notes on going concern assumption ................................................................................................. 8(4) Segment information ....................................................................................................................... 8(5) Notes on significant changes in shareholders’ equity ........................................................................ 8(6) Material subsequent events .............................................................................................................. 8-1 -Unitika Ltd. (3103)

Financial results for 1st quarter of fiscal year ending March 31, 2012

1. Qualitative Information on Quarterly Results(1) Qualitative Information on Consolidated Results
In the first quarter of the fiscal year ending March 31, 2012 (April 1, 2011 to June 30, 2011), the Great
East Japan Earthquake sent the domestic economy into a tailspin, but there were signs of recovery due
to the gradual restoration of the disrupted supply chain of raw materials, fuels and components. Amidsuch an environment, the Group reported net sales of 44,565 million yen (down 0.3% year-on-year),
operating income of 3,040 million yen (up 53.8% year-on-year), ordinary income of 2,124 million yen(up 119.2% year-on-year), and net income of 862 million yen (net income of 56 million yen a year
earlier). This is because sales steadily increased, mainly in the Polymers business, contributing toearnings.
Here is an overview of the business results by segment.
[Polymers]
In the films business, businesses in the packaging and industrial fields were steady. Shipments for the
packaging field increased due to brisk demand. Shipments for the industrial field slowed, but thedivision secured profitability by raising the portion of high-margined products. In the resins business,
shipment of nylon resins, materials mainly used in automobiles, decreased due to production adjustmentby the automobile industry, but shipments for electric and electronics equipment applications remainedsolid. In the non-woven fabric business, shipments of polyester spunbond for the roofing andagricultural material applications, whose demand was strong, made up for sluggish shipments forautomobile carpet and interior material applications. In addition, shipments of cotton spunlace forcosmetic sundry goods applications were strong.
[Advanced Materials]
In the glass fibers business, the division struggled to increase shipments for interior material
applications due a decline in new building constructions, but saw shipments for building and civilengineering refurbishment grow solidly. In the IC cloth business, there were some signs for recovery of
profitability due to the improvement of orders and sales composition. In the glass beads business,
shipments for road marking applications were steady, but those for industrial and reflective materials
applications were weak. In the activated carbon fibers business, shipments for water purifiers andprofessional-use mask applications expanded, but those for automobile and waste water treatment
applications declined.
[Fibers and Textiles]
In the industrial materials business, shipments of ultra-high-strength polyester filament yarn for
construction and civil engineering applications and those of short-fiber polyester for vehicles andday-to-day product applications were strong. The division saw sales of vinylon fiber for reinforced
concrete applications for Europe recover, but failed to improve profitability due to weak selling prices
and the yen’s appreciation. In the garments, lifestyle materials, and bedding business, shipments ofhigh-functional materials and uniforms for corporate customers were solid, and profitability improvedin many materials and applications.
[Others]
In the health & amenity business, sales of health food and feeding stuffs grew steadily and those of
Ceramide expanded. In the medical business, sales of anti-thrombogenic catheters increased in the
medical product field, while sales of enzymes and clinical diagnostic reagents including exports werestrong in the biochemical field. In the real estate business, sales of condominiums were relatively firm,
though revenue decreased. In the environment business, revenue declined due to the transfer of theenvironmental plant-related business.
(2) Qualitative information on financial positions
Total assets increased by 1,693 million yen from the end of the previous consolidated fiscal year to270,433 million yen. This was mainly due to an increase in the notes and accounts receivable-trade.
Liabilities declined by 2,143 million yen from the end of the previous consolidated fiscal year to240,619 million yen. This was mainly due to a decrease in loans payable. Net assets increased by 3,836
million yen from the end of the previous consolidated fiscal year to 29,814 million yen, mainly as aresult of an increase in capital stock and capital surplus due to the conversion of convertible bond-typebonds with subscription rights to shares and retained earnings due to the posting of net income.

-2 -Unitika Ltd. (3103)

Financial results for 1st quarter of fiscal year ending March 31, 2012(3) Qualitative information on the forecast of consolidated results
Because financial results in the first quarter of the consolidated fiscal year ending March 31, 2012 were
almost in line with the plan, the Group did not revise its six-month period and full-year forecasts ofconsolidated 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).

-3 -Unitika Ltd. (3103)

Financial results for 1st 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
Inventory
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-4 -Q1 of FY ending March 2012
(June 30, 2011)16,78641,89846,615
4,514(233)
109,580

14,02045,74247,5874,005(244)
111,112

104,606
47,062
151,669

104,797
47,208152,006

3
727
731

26
748
775

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

7,128
(589)
6,539
159,320
270,433

Unitika Ltd. (3103)

Financial results for 1st 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 business structure improvement
Other
Total current liabilities
Noncurrent liabilities
Convertible bond-type bonds with subscription
rights to shares
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-5 -Q1 of FY ending March 2012
(June 30, 2011)

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

24,001
71,11337,284121
805
459
11,200144,985



2,250

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

70,711
5,939
59
16,672
95,633
240,619

23,798
1,661(1,943)(55)
23,46025,173
3,036(1,081)(55)
27,072

(49)

(71)

43
2,452
(3,569)(1,123)
3,641
25,977
268,740

6
2,453(3,358)(970)
3,712
29,814
270,433

Unitika Ltd. (3103)

Financial results for 1st 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)(Three-month period ended June 30, 2011)

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

Three-month period
ended June 30, 2010
(April 1, 2010 toJune 30, 2010)
44,68136,537
8,143
6,166
1,976

(Unit: Millions of yen)Three-month period
ended June 30, 2011
(April 1, 2011 toJune 30, 2011)
44,56535,453
9,112
6,071
3,040

57
64
344
466

46
61
329
436

920
15
537
1,474
969

823
39
489
1,352
2,124

292
292

16
16

133
220
99
13
206
321
995
266

137
7
451
275

134
1,007
1,133

336
(164)
172
93
37
56

69
185
255
877
15
862

-6 -

Unitika Ltd. (3103)

Financial results for 1st quarter of fiscal year ending March 31, 2012

(Consolidated quarterly statements of comprehensive income)(Three-month period ended June 30, 2011)(Unit: Millions of yen)Three-month period ended June30, 2010(April 1, 2010 to June 30, 2010)

Three-month period ended June30, 2011(April 1, 2011 to June 30, 2011)

93

877

(25)
(7)
81
(5)

(21)
(37)
253
(10)

43
136

184
1,062

83

1,015

53

46

Income before minority interests
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
Other comprehensive income total
Quarterly comprehensive income(Comprehensive income attributable to)
Quarterly comprehensive income attributable toowners of the parent
Quarterly comprehensive income attributable tominority interests-7 -Unitika Ltd. (3103)

Financial results for 1st quarter of fiscal year ending March 31, 2012

(3) Notes on going concern assumption
Not applicable(4) Segment information[Segment Information]
Information on net sales, income or loss by reportable segment
Three-month period ended June 30, 2010 (April 1, 2010 to June 30, 2010)
Reportable segment
Polymers

Advanced Fibers &Materials Textiles

Total

Other
(Note 1)

Total

（Unit: Millions of yen）
Figure in quarterly
consolidated
Adjustment
statements of(Note 2)income(Note 3)

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

16,3882

3,680-

18,53740

38,606
43

6,074
389

44,681432(432)

44,681-

Total

16,391

3,680

18,57738,6496,464

45,113(432)

44,681

Segment income (loss)
2,418
358
(105)
2,670
(53)
2,617
(641)
1,976
(Notes) 1. Other includes the Environmental Business, Medical Business, Health & Amenity Business, and Real Estate-related
Business.
2. The adjustment of 641 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.

Three-month period ended June 30, 2011 (April 1, 2011 to June 30, 2011)（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

18,3973

3,943
13

19,31945

41,661
62

2,903
399

44,565461(461)

44,565-

Total

18,401

3,957

19,36541,7233,303

45,027(461)

44,565

Segment income (loss)
2,884
359
452
3,697
(55)
3,641
(601)
3,040
(Notes) 1. Other includes the Environmental Business, Medical Business, Health & Amenity Business, and Real Estate-related
Business.
2. The adjustment of 601 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.

(5) Notes on significant changes in the amount of shareholders’ equity
During the three-month period ended June 30, 2011, due to conversion (exercise) of No.1 unsecured
convertible bond-type bonds with subscription rights to shares, capital stock and capital surplus eachincreased by 1,375 million yen. Consequently, capital stock and capital surplus totaled 25,173 million
yen and 3,036 million yen, respectively, at the end of the first three-month period of the fiscal year
ending March 31, 2012.
(6) Material subsequent events
Exercise of No.1 unsecured convertible bond-type bonds with subscription rights to sharesNo.1 unsecured convertible bond-type bonds with subscription rights to shares issued on April 8, 2011were exercised and fully converted into common stocks from July 1, 2011 to July 19, 2011. The details
are as follows:(1) Number of subscription rights exercised(2) Amount of common stock issued(3) Total exercise amount(4) Average exercise price(5) Outstanding amount(6) Increase in capital stock(7) Increase in legal capital surplus

-8 -

18
45,432,445 shares
2,250,000,000 yen
49.5 yen per share
0 yen
1,125,000,000 yen
1,125,000,000 yen