Member of Financial Accounting Standards Foundation

Financial Results for the 2nd Quarter of the Fiscal Year Ending March 31, 2017
November 9, 2016
Listed stock exchanges: Tokyo Stock Exchange
Company name: Unitika Ltd.
Code number: 3103
URL: http://www.unitika.co.jp/e/home.htm
Representative: Hiroyuki Shime, President and Chief Executive Officer
Contact: Masanori Onishi, General Manager of Accounting Department
TEL: +81-6-6281-5721
Expected submission of quarterly report: November 11, 2016
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 down to nearest million yen.)
1. Consolidated performance for 2nd quarter of fiscal year ending March 31, 2017 (April 1, 2016 to September 30, 2016)(1) Consolidated performance (accumulation)(Percentages represent changes from same period in previous year.)Net sales%(14.6)(5.6)

Millions of yen

Q2 of FY ending March 31, 2017
Q2 of FY ended March 31, 2016

(Note) Comprehensive income

Operating income

62,571
73,254

Millions of yen

6,273
4,423

Ordinary income

%
41.8
41.6

Millions of yen

4,133
3,050

%
35.5
43.9

Quarterly profit
attributable to owners ofparentMillions of yen

3,585
1,721

%
108.3
—

Q2 of FY ending March 31, 2017: 3,261 million yen [83.1%]Q2 of FY ended March 31, 2016: 1,781 million yen [%]Quarterly net income per share

Diluted quarterly net income per share
Yen
5.35
2.12

Q2 of FY ending March 31, 2017
Q2 of FY ended March 31, 2016

Yen
2.76
1.35

(2) Consolidated financial situation
Total assets
Q2 of FY ending March 31, 2017
FY ended March 31, 2016

(Reference) Shareholders’ equity

Net assets

Millions of yen
204,132
219,957

Capital adequacy ratio

Millions of yen
40,20037,936

%
18.1
15.7

2nd quarter of fiscal year ending March 31, 2017: 36,944 million yen
Fiscal year ended March 31, 2016: 34,598 million yen

2. Dividend payment
Dividends per share
End of Q1

End of Q2
Yen
0.00

Yen
FY ended March 31, 2016
FY ending March 31, 2017

End of Q3



Year end
Yen

Total



Yen
0.00

Yen
0.00



0.00

0.00

0.00

FY ending March 31, 2017 (forecast)(Note) Revision of the latest dividend forecast: None

(Note) The above Dividend payment refers to dividends paid to the holders of common stock. For details of dividend payment to the holders of classshares (unlisted), the rights of which are different from those of common stock, please refer to Dividend payment to the holders of class shares
mentioned below.

3. Forecast of consolidated performance for fiscal year ending March 31, 2017 (April 1, 2016 to March 31, 2017)(Percentages represent changes from same period in previous year.)Net sales
Millions of yen

Operating income

Profit attributable toowners of parent

Ordinary income

Net income per
share

%

Millions of yen%

Millions of yen%

Millions of yen%

yen

134,500(8.2)
FY ending March 31, 2017
(Note) Revision of the latest forecasts of operational results: Yes

11,700

12.0

9,000

31.9

7,000

1.0

10.41

Member of Financial Accounting Standards Foundation* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying change of scope of
consolidation): Yes
New companies: ― (company name)
Excluded companies: 2 companies; (company name): Unitika Realty Co., Ltd. and Unimore Ltd.
(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, 2017: 577,523,433 sharesFiscal year ended March 31, 2016: 577,523,433 shares Number of treasury stocks at end of term
2nd quarter of the fiscal year ending March 31, 2017: 809,506 sharesFiscal year ended March 31, 2016: 805,686 shares Average number of shares outstanding during the term (quarterly consolidated accumulated period)
2nd quarter of the fiscal year ending March 31, 2017: 576,716,410 shares
2nd quarter of the fiscal year ended March 31, 2016: 576,726,075 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 forecasting of performance etc. are based on currently available
information and assumptions considered by the company to be reasonable. Such statements are neither promises nor guarantees of
future performance. The actual performance may be significantly different from forecasts due to various factors. Concerning
assumptions used as a basis for forecasting business performance and precautionary statements when using the forecast of
performance, please refer to 1. Qualitative Information on Quarterly Results (3) Explanation of future forecast information
including forecast of consolidated performance on page 3 of the attachment.

Member of Financial Accounting Standards Foundation

Dividend payment to the holders of class shares
The breakdown of dividends per share related to class shares, the rights of which are different from those of common stock, is asfollows:
Annual dividends
End of Q1
Class A share

Yen

End of Q2

FY ended March 31, 2016

—

0.00

FY ending March 31, 2017

—

0.00

FY ending March 31, 2017 (forecast)Class B share

Yen

Yen

—

0.00

FY ending March 31, 2017

—

0.00

Class C share

Yen

Yen

12,000.00

12,000.00—

12,000.00

12,000.00

Yen
—

Yen

FY ended March 31, 2016

—

0.00

FY ending March 31, 2017

—

0.00

Total

—

—

FY ending March 31, 2017 (forecast)Year end
Yen

Yen

FY ended March 31, 2016

FY ending March 31, 2017 (forecast)End of Q3

Yen

Yen

Yen

Yen

23,740.00

23,740.00

23,740.00

23,740.00

Yen

Yen

—

60,000.00

60,000.00—

60,000.00

60,000.00

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2017

 Table of contents for the attachment
1. Qualitative Information on Quarterly Results ....................................................................................... 2(1) Explanation of operational results .................................................................................................... 2(2) Explanation of financial situation ..................................................................................................... 3(3) Explanation of future forecast information including forecast of consolidated performance .............. 3
2. Matters concerning Summary Information (Notes) ............................................................................... 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(4) Additional information ..................................................................................................................... 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, 2016 ............................................................................... 7
Consolidated quarterly statements of comprehensive income
Six-month period ended September 30, 2016 ............................................................................... 8(3) Consolidated quarterly statements of cash flows .............................................................................. 9(4) Notes on quarterly consolidated financial statements ...................................................................... 10(Notes on going concern assumption) ............................................................................................ 10(Notes on significant changes in shareholders’ equity) ................................................................... 10(Segment information) .................................................................................................................. 10
4. Supplementary Information ................................................................................................................ 11-1 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2017

1. Qualitative Information on Quarterly Results(1) Explanation of operational results
In the first six-month period of the consolidated fiscal year under review (April 1, 2016 to September 30,2016), the recovery of the Japanese economy remained weak because of sluggish personal consumption,
the fall in stock prices, and unstable movements in foreign exchange rates, although there were signs ofa moderate economic recovery, reflecting improvement in corporate earnings and the employment andincome environment. Meanwhile, the outlook for overseas economies remained uncertain due to thedeceleration of growth in Asian countries such as China and in resource-producing countries, as well as
the spread of economic confusion caused by Brexit (the exit of the United Kingdom from the EU).
Under these circumstances, the Unitika Group endeavored to strengthen its foundation as a functional
materials manufacturer centering on the Polymers business and implement measures to improve
profitability with the aim of achieving targets at an early stage under the growth strategy stated in its
new medium-term management plan, which started in May 2014.
Consequently, in the six-month period of the consolidated fiscal year under review, the Unitika Group
reported net sales of 62,571 million yen (down 14.6% year-on-year), operating income of 6,273 million
yen (up 41.8% year-on-year), ordinary income of 4,133 million yen (up 35.5% year-on-year), and profit
attributable to owners of parent of 3,585 million yen (up 108.3% year-on-year).
The Unitika Group has decided it will continue to pay no interim dividend for the fiscal year ending
March 31, 2017. The management sincerely appreciates shareholders’ understanding in this matter.
Here is an overview of the business results by segment.
[Polymers]
In the Films business, the packaging sector saw sales in Japan continue to grow steadily from theprevious fiscal year due to a rise in demand because of the extreme summer heat. Moreover, sales ofhigh value-added products, such as Emblem HG, a new barrier nylon film, also expanded, contributing
to a growth in earnings. In overseas markets, sales volumes grew due to a recovery in Asian markets
and the increase in production capacity of P.T. EMBLEM ASIA, a subsidiary in Indonesia. In theindustrial sector, demand decreased in the electric and electronics equipment fields, such as information
terminal applications, but earnings increased due to expanded sales of high value-added products, suchas Uniamide, a heat-resistant polyamide film. Accordingly, the Films business posted increases in both
net sales and profit.
In the Resin business, sales of nylon resins fell owing to the revision of selling prices, although sales
volume increased. Sales of elitel, a thermoplastic saturated copolymeric polyester resin, grew steadily,
supported by demand for solar cell applications in overseas markets. Sales of U-Polymer, theCompany’s original polyarylate resin, were sluggish for office equipment applications, but were robust
for information terminal applications. Accordingly, the Resin business saw net sales decrease but profit
increase.
In the Non-woven Fabrics business, sales of polyester spunbond fabrics remained weak for agricultural
applications, but sales volume grew for interior and building construction material applications,contributing to the growth of earnings. In overseas markets, THAI UNITIKA SPUNBOND CO., LTD.
(TUSCO), a subsidiary in Thailand, saw its earnings grow despite a recession in Thailand, because it
increased sales in countries other than Thailand, mainly for carpet applications, and cut costs.
Meanwhile, sales of cotton spunlace continued to grow in Japan due to steady sales for daily productapplications, including expanded demand for anti-perspiration sheets caused by the extreme summer
heat. Export volumes also grew. Accordingly, the Non-woven Fabrics business saw net sales decrease
but profit increase.
Raw material and fuel prices remained at low levels, since crude oil prices recovered only moderately.
This contributed to earnings growth in the entire Polymers business.
Consequently, the Polymers business posted an operating income of 5,214 million yen (up 38.6%
year-on-year) on net sales of 27,551 million yen (down 1.8% year-on-year).
[Advanced Materials]
In the Glass Fibers business, the industrial materials sector recorded strong sales in building-relatedmaterials, whereas IC cloth in the electronic materials sector suffered weak sales due to sluggish
demand in information terminal applications. In the Glass Beads business, sales for road marking
applications were robust, while sales for industrial and reflective material applications declined.
However, earnings in general increased due to improvements in the product lineup and the fall in fuelprices. In the Activated Carbon Fibers business, demand for mainstay water purifier applications-2 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2017

stagnated, but demand for VOC removal and industrial filter applications remained strong.
Consequently, the Advanced Materials business posted operating income of 559 million yen (down
19.3% year-on-year) on net sales of 5,913 million yen (up 5.5% year-on-year).
[Fibers and Textiles]
In the Industrial Materials business, sales of ultra-high strength polyester filament yarn grew solidly,with mainly high value-added products such as compound fiber, and products for building material
applications contributing to earnings growth. In the short-fiber polyester business, earnings weresecured in line with its initial plan, although sales decreased substantially due to the downsizing of thebusiness associated with the structural reform the Company implemented by the previous fiscal year.
In the Garments, Lifestyle Materials and Bedding business, the uniform sector saw profitability improve
due to a reduction in procurement costs, while the women’s clothing sector achieved a sales increase
through the expansion of sales of secondary products. Both sectors recorded earnings growth. On theother hand, sales of raw materials for sportswear, bedding goods, inner wear applications and export ofdenim were sluggish, leading to a decline in sales for the Garments, Lifestyle Materials and Bedding
business.
Consequently, the Fibers and Textiles business posted operating income of 806 million yen (up 40.5%
year-on-year) on net sales of 27,402 million yen (down 16.4% year-on-year).
[Others]
The Others category posted an operating loss of 316 million yen (operating loss of 631 million yen in
the same period of the previous year) on net sales of 1,703 million yen (down 75.0% year-on-year)
because of the effects of the transfer of shares and liquidation of subsidiaries and the transfer ofbusinesses associated with the implementation of business portfolio restructuring measures.
(2) Explanation of financial situation
Total assets amounted to 204,132 million yen, down 15,824 million yen from the end of the previous
consolidated fiscal year. This was mainly due to a decrease in cash and deposits. Liabilities totaled
163,932 million yen, down 18,087 million yen from the end of the previous consolidated fiscal year.
This was primarily because of a decline in long-term loans payable. Net assets stood at 40,200 million
yen, up 2,263 million yen from the end of the previous consolidated fiscal year. This was mainly owing
to an increase in retained earnings from booking profit attributable to owners of parent.
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 10,154 million yen during the first six-month
period of the current consolidated fiscal year (up 324.8% year-on-year) due to cash-in-flow, the total ofincome before income taxes and minority interests, and non-cash items, such as depreciation andamortization.
(Net cash provided by [used in] investing activities)
Net cash used in investment activities amounted to 3,524 million yen during the first six-month periodof the current consolidated fiscal year (784 million yen used in the same period of the previous
consolidated fiscal year) due to the posting of expenses related to capital expenditures.
(Net cash provided by [used in] financing activities)
Net cash used in financing activities amounted to 16,348 million yen during the first six-month periodof the current consolidated fiscal year (1,716 million yen in the same period of the previous
consolidated fiscal year) due to repayment of loans payable.
As a result, cash and cash equivalents at the end of the second quarter of the current consolidated fiscal
year decreased by 10,247 million yen from the end of the previous consolidated fiscal year to 31,776
million yen.
(3) Explanation of future forecast information including forecast of consolidated performance
The Unitika Group has revised its full-year forecast of consolidated net sales for the fiscal year ending
March 31, 2017 announced on May 13, 2016, considering its business performance, mainly the Fibers
and Textiles business, for the six-month period of the consolidated fiscal year under review.
Meanwhile, the Group has not revised its initial full-year forecast of consolidated operating income,ordinary income, and profit attributable to owners of parent.

-3 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2017

2. Matters concerning Summary Information (Notes)(1) Changes in significant subsidiaries during the period
Two subsidiaries, Unitika Realty Co., Ltd. and Unimore Ltd., were excluded from the scope of
consolidation because they were absorbed after the absorption-type merger implemented during the firstquarter of the consolidated fiscal year under review in which the Company is a surviving company.
(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(4) Additional information(Application of the Implementation Guidance on the Recoverability of Deferred Tax Assets)
The Implementation Guidance on the Recoverability of Deferred Tax Assets (ASBJ Implementation
Guidance No. 26 issued on March 28, 2016) has been applied since the first quarter of the consolidated
fiscal year under review.

-4 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2017

3. Quarterly Financial Statements(1) Consolidated quarterly balance sheets(Unit: Millions of yen)Previous consolidated
fiscal year
(March 31, 2016)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Machinery, equipment and vehicles, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-5 -Q2 of FY ending March 2017
(September 30, 2016)

42,10135,811
27,5664,228(106)
109,601

31,89731,65326,0504,423(93)
93,93122,06866,86915,230104,168

21,07566,795
15,683
103,553

1,714
1,714

2,003
2,003

4,505
(32)
4,473
110,356
219,957

4,674
(30)
4,644
110,201
204,132

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2017

(Unit: Millions of yen)Previous consolidated
fiscal year
(March 31, 2016)
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
A product repair reserve fund
Provision for business structure improvement
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Provision for directors’ retirement benefits
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
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
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-6 -Q2 of FY ending March 2017
(September 30, 2016)

15,322
1,827
363
215
1,256
2,630
989
9,298
31,904

14,098
1,774
313
633
1,249
2,212
655
8,270
29,207

124,142
7
11,513
14,452150,116
182,020

108,938
4
11,56914,213
134,725
163,932100
28,401
5,708(46)
34,164100
28,4018,297(46)
36,752

433

467

(203)
6,474
(2,662)(3,608)434
3,338
37,936219,957

(116)
6,433
(3,170)(3,422)
191
3,255
40,200204,132

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2017(2) Consolidated quarterly statements of income and consolidated quarterly statements of comprehensive
income(Consolidated quarterly statements of income)(Six-month period ended September 30, 2016)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using
equity method
Rent income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets
Gain on sales of shares of subsidiaries andassociates
Other
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Business structure improvement expenses
Other
Total extraordinary losses
Profit before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

Six-month period
ended September 30, 2015
(April 1, 2015 to
September 30, 2015)
73,25458,264
14,98910,566
4,423(Unit: Millions of yen)Six-month period
ended September 30, 2016
(April 1, 2016 to
September 30, 2016)
62,571
46,71915,851
9,578
6,273

35
45

35
50

5

7

159
264
509

140
268
502

1,200
235
446
1,882
3,050

1,024
1,276
341
2,643
4,133

128

192

375

–

43
546

–
192

251
525
85
862
2,735
68
931
1,000
1,734
13
1,721

215
102
9
328
3,996
474
(108)
366
3,630
44
3,585

-7 -

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2017

(Consolidated quarterly statements of comprehensive income)(Six-month period ended September 30, 2016)

ProfitSix-month period ended
September 30, 2015
(April 1, 2015 to
September 30, 2015)
1,734(Unit: Millions of yen)Six-month period ended
September 30, 2016
(April 1, 2016 to
September 30, 2016)
3,630

58
21
(66)
(136)

33
88
(41)
(636)

169

186

Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans,
net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable tonon-controlling interests

-8 -

46

(369)

1,781

3,261

1,755

3,343

26

(82)

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2017(3) Consolidated quarterly statements of cash flows

Cash flows from operating activities
Profit before income taxes
Depreciation
Business structure improvement expenses
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in net defined benefit liability
Increase (decrease) in provision for business structure
improvement
Increase (decrease) in a product repair reserve fund
Increase (decrease) in other provisionInterest expenses
Loss (gain) on disposal of non-current assets
Loss (gain) on sales of non-current assets
Loss (gain) on sales of shares of subsidiaries andassociates
Decrease (increase) in notes and accounts
receivable-trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Decrease (increase) in time deposits
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Proceeds from sales of shares of subsidiaries resulting inchange in scope of consolidation
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Repayments of long-term loans payable
Cash dividends paid
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period-9 -Six-month period ended
September 30, 2015
(April 1, 2015 to
September 30, 2015)(Unit: Millions of yen)Six-month period ended
September 30, 2016
(April 1, 2016 to
September 30, 2016)

2,735
2,344
525
(136)
(649)

3,996
2,183
102
(15)
308

(407)

(239)

(630)
(137)
1,200
251
(128)

(417)
(7)
1,024
215
(192)

(375)



2,477

3,864

2,847
(4,316)(1,875)
3,725
81(1,210)
(206)
2,390

1,294
(878)
(31)
11,20985(1,027)(112)
10,1546(11)
17(3,122)
2,105

(46)
(5)
15
(3,301)
256

129



91
(784)

(442)
(3,524)111(1,011)(666)(149)(1,716)(200)(310)
31,70831,397(81)(15,162)
(997)
(106)
(16,348)(529)(10,247)
42,02331,776

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2017(4) Notes on quarterly consolidated financial statements(Notes on going concern assumption)
Not applicable(Notes on significant changes in shareholders’ equity)
Not applicable(Segment information)
Segment Information
I. Six-month period ended September 30, 2015 (April 1, 2015 to September 30, 2015)
Information on net sales, income or loss by reportable segment(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

28,067
5,478

5,607
461

32,774404

66,448
6,344

6,805
560

73,254
6,904–(6,904)73,254–

Total

33,546

6,068

33,17872,7937,365

80,158(6,904)73,254

Segment income (loss)
3,763
694
573
5,030
(631)
4,399
24
4,423
(Notes) 1. The Other category, which includes the environmental business and real estate-related business, does not qualify as areportable operating segment.
2. Adjustment of Segment income (loss) is attributable to the elimination of inter-segment transactions.
3. Segment income (loss) is adjusted with operating income in consolidated statements of income.

II. Six-month period ended September 30, 2016 (April 1, 2016 to September 30, 2016)
1. Information on net sales, income or loss by reportable segment(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

27,551
4,406

5,913
444

27,402
460

60,867
5,312

1,703
579

62,571
5,891–(5,891)62,571–

Total

31,9586,358

27,863

66,1802,282

68,462(5,891)62,571

Segment income (loss)
5,214
559
806
6,580
(316)
6,263
9
6,273
(Notes) 1. The Other category, which includes designing,construction. And maintenance business, does not qualify as a reportable
operating segment.
2. Adjustment of Segment income (loss) is attributable to the elimination of inter-segment transactions.
3. Segment income (loss) is adjusted with operating income in consolidated statements of income.

- 10 -

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2017

4. Supplementary Information
1. Results and earnings forecast for fiscal year ending March 2017 (consolidated)(Millions of yen)

FY ended
March 2015
FY ended
March 2016
FY endingMarch 2017
Comparison
with prior year

Consolidated

Net sales

OperatingincomeOrdinary
incomeProfit attributableto owners of parent

Full year

159,126

8,916

7,680

(27,033)

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

73,254146,474
62,571
134,500(10,682)(11,974)

4,423
10,4506,273
11,700
1,849
1,249

3,050
6,821
4,133
9,000
1,082
2,178

1,721
6,933
3,585
7,000
1,864
66

2. Segment information (consolidated)(Millions of yen)
Advanced
Polymers
Materials
Results forprevious
fiscal year

Results for
current
fiscal year

1st six-month
period ended
September
2015(Results)
1st six-month
period ended
September
2016(Results)

Comparison with the same
period of the previous year

Net sales to outside
customers
Component ratio (%)
Operating income
Component ratio (%)
Net sales to outside
customers
Component ratio (%)
Operating income
Component ratio (%)
Net sales to outside
customers

Fibers &Textiles

Other

Adjustment

Consolidated
total

28,067

5,607

32,774

6,805

–

38.3
3,763
85.1

7.7
694
15.7

44.7
573
13.0

9.3
(631)
(14.3)–

27,551

5,913

27,402

1,703

–

44.0
5,214
83.1

9.5
559
8.9

43.8
806
12.8

2.7
(316)
(5.0)

–

(515)

306

(5,371)(5,101)–(10,682)

Increase/decrease fromprevious year (%)

(1.8)

5.5

(16.4)(75.0)–(14.6)

Operating income

1,451

(134)

232

314

Increase/decrease fromprevious year (%)

38.6(19.3)

40.5–

73,254
100.0
4,423
100.0

24
0.5

62,571
100.0
6,273
100.0

9
0.1

(14)

1,849

(60.2)

41.8

3. Capital expenditures, Depreciation (Property, plant and equipment), R&D expenditures, Interest-bearing liabilities,
Financial account balance, Number of permanent employees (consolidated)(Millions of yen, persons)

FY ended
March 2015
1st six-month
period ended
September 2015
FY ended
March 2016
1st six-month
period ended
September 2016

Capitalexpenditures

Depreciation(Property,
plant andequipment)

R&D
expenditures

Full year

4,808

4,715

3,940

133,903(2,446)

4,458

Q2

3,047

2,198

1,654

132,224(1,118)4,023

Full year

5,968

4,555

3,203

126,334(2,212)

3,906

Q2

2,827

2,065

1,527

111,026

(938)

3,726

Interest-bearing
Financialliabilities (endaccount balanceof fiscal year)

Number ofpermanent
employees(persons)

4. Cash flow (consolidated)(Millions of yen)

FY ended
March 2015
1st six-month
period ended
September 2015
FY ended
March 2016
1st six-month
period ended
September 2016

Cash flow fromoperating activities

Cash flow frominvestment activities

Cash flow fromfinancing activities

Full year

6,080

(145)

5,870

31,708

Q2

2,390

(784)

(1,716)

31,397Full year

11,661

4,124(5,010)42,023

Q2

10,154(3,524)(16,348)

31,776- 11 -Cash and cash equivalents
at end of fiscal year