Member of Financial Accounting Standards Foundation

Financial Results for the 2nd Quarter of the Fiscal Year Ending March 31, 2018
November 9, 2017
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 13, 2017
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, 2018 (April 1, 2017 to September 30, 2017)(1) Consolidated performance (accumulation)(Percentages represent changes from same period in previous year.)Net sales

Operating income%
0.8(14.6)

Millions of yen

Q2 of FY ending March 31, 2018
Q2 of FY ended March 31, 2017

(Note) Comprehensive income

63,06462,571

%
(7.6)
41.8

Millions of yen

5,797
6,273

Quarterly net income
attributable to owners ofparentOrdinary income
Millions of yen

5,334
4,133

%
29.1
35.5

Millions of yen

4,752
3,585

%
32.5
108.3

Q2 of FY ending March 31, 2018: 4,613 million yen [41.5%]
Q2 of FY ended March 31, 2017: 3,261 million yen [83.1%]
Quarterly net income per share

Diluted quarterly net income per share

Yen
78.96
53.51

Q2 of FY ending March 31, 2018
Q2 of FY ended March 31, 2017

Yen
50.81
27.57

(Note) The Company implemented share consolidation effective as of October 1, 2017 by consolidating 10 common shares of theCompany into one common share. Quarterly net income per share and Diluted quarterly net income per share were calculatedon the assumption that the relevant share consolidation had been implemented at the beginning of the previous consolidated
fiscal year.
(2) Consolidated financial situation
Total assets
Q2 of FY ending March 31, 2018
FY ended March 31, 2017

(Reference) Shareholders’ equity

Net assets

Millions of yen
199,414
211,872

Capital adequacy ratio

Millions of yen
36,93045,264

%
16.8
19.7

2nd quarter of fiscal year ending March 31, 2018: 33,565 million yen
Fiscal year ended March 31, 2017: 41,841 million yen

2. Dividend payment
Dividends per share
End of Q1

End of Q2

FY ended March 31, 2017
FY ending March 31, 2018

End of Q3
Yen
0.00

Yen



Year end
Yen

Total



Yen
0.00

Yen
0.00



0.00

0.00

0.00

FY ending March 31, 2018 (forecast)(Note) Revision of the latest dividend forecast: None
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, 2018 (April 1, 2017 to March 31, 2018)(Percentages represent changes from same period in previous year.)Net sales

FY ending March 31, 2018

Operating income

Millions of yen%

131,000

3.8

Millions of yen

Profit attributable toowners of parent

Ordinary income

Net income per
share

%

Millions of yen%

Millions of yen%

Yen

11,000 (12.3)

9,800

(6.5)

7,500

1.5

123.16(Note) Revision of the latest forecasts of operational results: Yes
The forecast for net income per share for the fiscal year ending March 31, 2018 (full year) is the value after reflecting the impact of the shareconsolidation.

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): No
New companies: ― (company name)
Excluded companies: ―; (company name): ―(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, 2018: 57,752,343 sharesFiscal year ended March 31, 2017: 57,752,343 shares Number of treasury stocks at end of term
2nd quarter of the fiscal year ending March 31, 2018: 82,191 sharesFiscal year ended March 31, 2017: 81,796 shares Average number of shares outstanding during the term (quarterly consolidated accumulated period)
2nd quarter of the fiscal year ending March 31, 2018: 57,670,331 shares
2nd quarter of the fiscal year ended March 31, 2017: 57,671,641 shares(Note) The Company implemented the share consolidation effective as of October 1, 2017 by consolidating 10 common shares of the Company
into one common share. Number of shares outstanding at end of term, Number of treasury stocks at end of term, and Average number ofshares outstanding during the term were calculated on the assumption that the relevant share consolidation had been implemented at the
beginning of the previous consolidated fiscal year.

* Quarterly reports of financial results are not subject to audit.

* 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 andassumptions 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 businessperformance 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
FY ended March 31, 2017
FY ending March 31, 2018

End of Q2

Yen

Yen
0.00
0.00

—
—

FY ending March 31, 2018 (forecast)Class B share
FY ended March 31, 2017
FY ending March 31, 2018

Yen

Yen
0.00
0.00

—
—

FY ending March 31, 2018 (forecast)

Yen

Yen
—
—

Total

—

Yen
12,000.00—

12,000.00

12,000.00

Yen
23,740.00

Yen
23,740.00

23,740.00

23,740.00—

Yen
60,000.00

Yen
60,000.00

—

—

—

Yen
—

Yen
—
—

Year end
Yen
12,000.00—

FY ending March 31, 2018 (forecast)Class C share
FY ended March 31, 2017
FY ending March 31, 2018

End of Q3

Yen(Note) The Company acquired and retired all outstanding Class C shares as of June 30, 2017. Accordingly, there will be no dividend
payment for Class C shares from the fiscal year ending March 31, 2018.

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2018

 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. Quarterly Consolidated Financial Statements
and Major Notes to Consolidated 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
Six-month period ended September 30, 2017...................................................................................6
Consolidated quarterly statements of comprehensive income
Six-month period ended September 30, 2017...................................................................................7(3) Consolidated quarterly statements of cash flows ..................................................................................8(4) Notes on quarterly consolidated financial statements ...........................................................................9(Notes on going concern assumption) ..................................................................................................9(Notes on significant changes in shareholders’ equity) ........................................................................9(Segment information) ..........................................................................................................................9
3. Supplementary Information ..................................................................................................................... 11-1-

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2018

1. Qualitative Information on Quarterly Results(1) Explanation of operational results
During the six-month period of the consolidated accounting year under review, the Japanese economy
continued to expand gradually, supported by strong corporate earnings and an improvement in theemployment environment. Meanwhile, earnings of European and U.S. companies remained robust, while
the Asian economy in general, primarily China, continued to grow. However, the outlook for the global
economy became more unclear due to uncertain political factors and growing geopolitical risk.
Under these circumstances, the Unitika Group endeavored to realize the three Gs (Growth, Global, andGovernance) promoted under the “G” round 20—to The Next Stage, its medium-term management planannounced in May 2017. Consequently, the Group reported net sales of 63,064 million yen (up 0.8% year
on year), operating income of 5,797 million yen (down 7.6% year on year), ordinary income of 5,334
million yen (up 29.1% year on year), and profit attributable to owners of parent of 4,752 million yen (up32.5% year on year) in the six-month period of the consolidated accounting year under review.
The Unitika Group has decided it will continue to pay no interim dividend for the fiscal year ending
March 31, 2018. The management sincerely appreciates shareholders’ understanding in this matter.
Here is an overview of the business results by segment.
[Polymers]
In the Films business, sales in the packaging sector continued to grow from the previous fiscal year due
to strong demand for goods for convenience stores. In overseas markets, P.T. EMBLEM ASIA, asubsidiary in Indonesia, expanded production against a backdrop of strong Asian markets, increasing
sales volumes further. In addition, the rise in sales of high value-added products, such as EMBLEM HG,
a barrier nylon film, at home and abroad, contributed to growth in earnings. In the industrial sector,
demand was steady in the electric and electronics equipment fields, such as for semiconductor
applications, and sales of high value-added products such as Uni Amid, a heat-resistant polyamide film,and Uni-peel, a silicon-free mold release PET film, were also robust. Accordingly, the Films businesssaw net sales grow but profit decrease due to a rise in the prices of raw materials and fuel.
In the Resin business, demand for elitel, a thermoplastic saturated copolymeric polyester resin, and
ARROWBASE, a range of environmentally friendly water-based polyolefin cationic emulsions, was weak
for solar cell applications. Sales of nylon resins faced intensified competition and suffered the impact ofa rise in raw materials and fuel prices. Sales of U-Polymer, the Company’s original polyarylate resin,
continued to be robust for information terminal applications and overseas automobile applications.
Accordingly, the Resin business posted an increase in net sales and a fall in profit.
In the Non-woven Fabrics business, sales of polyester spunbond fabrics grew steadily for agricultural
applications and interior-related product applications, but remained weak for civil engineering andbuilding material applications. In overseas markets, THAI UNITIKA SPUNBOND CO., LTD. (TUSCO),
a subsidiary in Thailand, saw sales increase steadily for civil engineering and carpet applications, and its
new machine began operation. Sales of cotton spunlace continued to be strong for daily productapplications, such as skin care goods in Japan, and the export volume also expanded. Accordingly, theNon-woven Fabrics business saw net sales remain flat but profit decrease due to a rise in depreciation
related to large capital expenditure.
Consequently, the Polymers business posted operating income of 4,688 million yen (down 10.1% year
on year) on net sales of 28,357 million yen (up 2.9% year on year).
[Advanced Materials]
In the Glass Fibers business, the industrial material sector saw sales of products for building and civilengineering applications remain sluggish, but sales for environment-related applications grow steadily.
In the electronic materials sector, sales of IC cloth, especially high value-added products, such as superthin products, increased due to a recovery in demand for information terminal applications.
In the Glass Beads business, sales for automobile applications and electronic component applications
grew steadily. Furthermore, sales for road marking applications and reflective material applications werealso robust, but a rise in utility costs affected profitability.
In the Activated Carbon Fibers business, demand for our mainstay water purifier applications recovered.
Moreover, sales for automotive VOC removal and industrial filter applications continued to be robust.
Consequently, the Advanced Materials business posted operating income of 638 million yen (up 14.0%
year on year) on net sales of 6,150 million yen (up 4.0% year on year).

-2-

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2018

[Fibers and Textiles]
In the Industrial Materials business, the size of the business became smaller due to the implementation of
structural reform. However, in the polyester fiber polyester business, sales remained flat from the previous
fiscal year, due to steady sales of high value-added products, such as composite fibers. In the ultra-highstrength polyester filament yarn business, sales for building material applications declined due to sluggish
demand, but sales of high value-added products increased and profit was in line with the Company’s
initial plan.
In the Garments, Lifestyle Materials and Bedding business, sales in the uniform sector were steady,supported mainly by demand from corporate customers. Sales in the women’s clothing and bedding
sectors decreased due to sluggish demand. Overseas sales were strong, due to the recovery of demand for
denim.
Consequently, the Fibers and Textiles business posted operating income of 644 million yen (down 20.1%
year on year) on net sales of 26,607 million yen (down 2.9% year on year).
[Others]
The Others category posted an operating loss of 185 million yen (compared to an operating loss of 316
million yen the previous year) on net sales of 1,948 million yen (up 14.4% year on year).
(2) Explanation of financial situation
Total assets decreased by 12,458 million yen from the end of the previous consolidated year to 199,414
million yen, mainly due to a decline in cash and deposits. Liabilities decreased by 4,124 million yen fromthe end of the previous consolidated year to 162,483 million yen, mainly due to a fall in long-term loans
payable. Net assets decreased by 8,333 million yen from the end of the previous consolidated year to36,930 million yen. This was mainly due to a decline in capital surplus caused by the purchase andretirement of Class C shares.
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 3,688 million yen during the first six-month periodof the current consolidated fiscal year (down 63.7% year on year) mainly due to cash-in-flow, which adds
depreciation to profit before income taxes.
(Net cash provided by [used in] investing activities)
Net cash used in investment activities amounted to 1,564 million yen during the first six-month period of
the current consolidated fiscal year (3,524 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 15,652 million yen during the first six-month period of
the current consolidated fiscal year (16,348 million yen used in the same period of the previous
consolidated fiscal year), mainly due to the purchase and retirement of Class C shares.
As a result, cash and cash equivalents at the end of the second quarter of the current consolidated fiscal
year decreased by 13,592 million yen from the end of the previous consolidated fiscal year to 23,297
million yen.
(3) Explanation of future forecast information including forecast of consolidated performance
Regarding the revision of the consolidated performance forecast, please refer to Notice Regarding the
Revision of the Consolidated Performance Forecast for the Full-Year we announced today (November 9,2017).

-3-

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2018

2. Quarterly Consolidated Financial Statements and Major Notes to Consolidated Financial Statements(1) Consolidated quarterly balance sheets(Unit: Millions of yen)Previous consolidated
fiscal year
(March 31, 2017)
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-4-

Q2 of FY ending March 2018
(September 30, 2017)37,03034,11625,704
4,833(89)
101,595

23,47934,852
26,956
3,968(91)
89,166

21,39366,496
15,901
103,791

23,646
66,341
13,443
103,432

2,035
2,035

2,182
2,182

4,477
(26)
4,450
110,277
211,872

4,656
(23)
4,633
110,248
199,414

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2018

(Unit: Millions of yen)Previous consolidated
fiscal year
(March 31, 2017)
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
Provision for loss on anti-monopoly act
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-sale securities
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-5-

Q2 of FY ending March2018(September 30, 2017)

17,506
3,438
2,756
1,167
1,451
1,670
152
980
9,071
38,194

16,583
2,481
2,747
779
1,473
1,201
29

9,613
34,909103,132
4
11,20914,067
128,414
166,608

101,439
4
11,592
14,537
127,574
162,483100
28,40012,117(47)
40,572100
16,451
15,873(47)
32,377480
86,415(2,856)(2,779)1,269
3,422
45,264
211,872

563
4
6,415
(3,187)(2,608)1,187
3,365
36,930199,414

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2018

(2) Consolidated quarterly statements of income and consolidated quarterly statements of comprehensive
income(Consolidated quarterly statements of income)(Six-month period ended September 30, 2017)(Unit: Millions of yen)Six-month period
ended September 30, 2016
(April 1, 2016 to
September 30, 2016)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
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
Share of loss of entities accounted for using
equity method
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
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 (loss) attributable to non-controllinginterests
Profit attributable to owners of parent-6-

Six-month period
ended September 30, 2017
(April 1, 2017 to
September 30, 2017)62,571
46,71915,851
9,578
6,273

63,06447,316
15,747
9,949
5,797

35
50

45
47

7



140
268
502

69
444
607

1,024
1,276

706




7

341
2,643
4,133

357
1,070
5,334

192
192

415
415

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

196
50
1
248
5,502
574
176
751
4,750

44

(2)

3,585

4,752

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2018

(Consolidated quarterly statements of comprehensive income)(Six-month period ended September 30, 2017)(Unit: Millions of yen)Six-month period ended
September 30, 2016
(April 1, 2016 to
September 30, 2016)
ProfitOther 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 to noncontrolling interests-7-

Six-month period ended
September 30, 2017
(April 1, 2017 to
September 30, 2017)

3,630

4,750

33
88
(41)
(636)

82
(4)

(386)

186

171

(369)

(136)

3,261

4,613

3,343

4,671

(82)

(57)

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2018

(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 provision for loss on antimonopoly act
Increase (decrease) in other provisionInterest expenses
Loss (gain) on disposal of non-current assets
Loss (gain) on sales of non-current assets
Decrease (increase) in notes and accounts receivabletrade
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
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Purchase of treasury shares
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-8-Six-month period ended
September 30, 2016
(April 1, 2016 to
September 30, 2016)(Unit: Millions of yen)Six-month period ended
September 30, 2017
(April 1, 2017 to
September 30, 2017)

3,996
2,183
102
(15)
308

5,502
2,327
50
(2)
572

(239)

(111)

(417)

(469)



(94)

(7)
1,024
215
(192)

22
706
196
(415)

3,864

(812)

1,294
(878)
(31)
11,20985(1,027)(112)
10,154(1,340)
(858)
(202)
5,070
92
(703)
(770)
3,688

(46)
(5)
15
(3,301)
256(442)(3,524)

(43)
(5)
126
(1,914)572(300)(1,564)(81)
(15,162)
(0)
(997)
(106)
(16,348)(529)(10,247)
42,02331,776(902)
45(1,744)(11,949)
(997)
(103)
(15,652)(64)(13,592)
36,89023,297

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2018(4) Notes on quarterly consolidated financial statements(Notes on going concern assumption)
Not applicable(Notes on significant changes in shareholders’ equity)
UNITIKA LTD. resolved at the meeting of the Board of Directors held on March 21, 2017 to acquire all
outstanding Class C shares (worth 10,000 million yen) in exchange for cash payment in accordance withthe provision of Article 13-4, Item 6 of Articles of Incorporation of the Company (Call Options, theConsideration for Which Is Money) and to retire all outstanding Class C shares in accordance with theprovision of Article 178 of the Companies Act subject to the said acquisition. The Company acquired andretired all outstanding Class C shares as of June 30, 2017.
(1) Details of acquisition of Class C shares(i) Class of shares to be acquired: Class C shares(ii) Counterparty in the acquisition (shareholder) : Japan Industrial Solutions Fund I(iii) Total number of shares to be acquired: 10,000 shares(iv) Share acquisition value: 1,194,958.9 yen per share(Note) The above share acquisition value is calculated by adding the unpaid preferred dividend
on a per diem basis (14,958.9 yen) to the amount obtained by multiplying the amountequivalent to the amount to be paid in per Class C share (1,000,000 yen) by 1.18.
(v) Total share acquisition value: 11,949,589,000 yen(vi) Acquisition date
: June 30, 2017
(2) Details of retirement of Class C shares(i) Class of shares to be retired: Class C shares(ii) Total number of shares to be retired: 10,000 shares(iii) Effective date of retirement: June 30, 2017(3) Impact of the retirement on net assets
Capital surplus to be decreased: 11,949,589,000 yen(Segment information)
Segment Information
I. 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 segment includes business segments that are not included in the reporting segments, such as the design,
construction, and maintenance businesses of plant projects.
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.

-9-Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2018

II. Six-month period ended September 30, 2017 (April 1, 2017 to September 30, 2017)
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

28,357
4,693

6,150
459

26,607412

61,116
5,565

1,948
596

63,064
6,162–(6,162)

63,064–

Total

33,051

6,610

27,02066,681

2,544

69,226(6,162)

63,064

Segment income (loss)
4,688
638
644
5,970
(185)
5,785
12
5,797
(Notes) 1. The Other segment includes business segments that are not included in the reporting segments, such as the design,
construction, and maintenance businesses of plant projects.
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, 2018

3. Supplementary Information

1. Results and earnings forecast for fiscal year ending March 2018 (consolidated)(Millions of yen)

FY ended
March 2016
FY ended
March 2017
FY endingMarch 2018
Comparison
with prior year

Consolidated

Net sales

OperatingincomeOrdinary
incomeProfit attributableto owners of parent

Full year

146,474

10,450

6,821

6,933

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

62,571
126,219
63,064
131,000
493
4,780

6,273
12,5385,797
11,000(475)(1,538)

4,133
10,483
5,334
9,800
1,201
(683)

3,585
7,389
4,752
7,500
1,166
110

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
2016(Results)
1st six-month
period ended
September
2017(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

Consolidated
total

Adjustment

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)

–

28,357

6,150

26,607

1,948

–

45.0
4,688
80.9

9.8
638
11.0

42.2
644
11.1

3.1
(185)
(3.2)

–

806

236

(794)

245

–

493

Increase/decrease fromprevious year (%)

2.9

4.0

(2.9)

14.4

–

0.8

Operating income

(526)

78

(161)

131

Increase/decrease fromprevious year (%)(10.1)

14.0(20.1)

62,571
100.0
6,273
100.0

9
0.1

63,064
100.0
5,797
100.0

12
0.2

–

3

(475)

31.8

(7.6)

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 2016
1st six-month
period ended
September 2016
FY ended
March 2017
1st six-month
period ended
September 2017

Capitalexpenditures

Depreciation(Property,
plant andequipment)

R&D
expenditures

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

Full year

4,825

4,292

3,142

109,327(1,826)

3,671

Q2

2,211

2,164

1,709

106,668

(613)

3,693

Interest-bearing
Financialliabilities (endaccount balanceof fiscal year)

Number ofpermanent
employees(persons)

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

FY ended
March 2016
1st six-month
period ended
September 2016
FY ended
March 2017
1st six-month
period ended
September 2017

Cash flow fromoperating activities

Cash flow frominvestment activities

Cash flow fromfinancing activities

Full year

11,661

4,124(5,010)42,023

Q2

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

31,776

Full year

18,111(4,158)(19,089)

36,890Q2

3,688(1,564)(15,652)

23,297- 11 -Cash and cash equivalents
at end of fiscal year