Member of Financial Accounting Standards Foundation

Financial Report for Fiscal Year ended March 31, 2015 [Japanese GAAP] (Consolidated)
May 12, 2015
Company name: Unitika Ltd.
Listed stock exchange: Tokyo Stock Exchange
Code number: 3103 URL: http://www.unitika.co.jp/e/home.htm
Representative: Hiroyuki Shime, President and Chief Executive Officer
Contact: Shoji Ishikawa, Executive Officer, General Manager of Accounting Department
TEL +81-6-6281-5721
Expected date for holding a regular shareholders meeting: June 26, 2015
Expected date for submitting securities report: June 26, 2015
Expected commencement date for paying dividend: –Preparation of the attachment of Financial Report: Yes
Holding of a results presentation: Yes (for securities analysts and institutional investors)(Figures less than one million yen were omitted.)

1. Consolidated performance for fiscal year ended March 31, 2015 (April 1, 2014 to March 31, 2015)(1) Consolidated business results(Percentages represent changes from same period in previous year.)Net sales
Operating income
Ordinary income
Net income
Millions of% Millions of% Millions of% Millions of
%
yen
yen
yen
yen
FY ended March 31, 2015
159,126
(2.2)
8,916
31.1
7,680
62.9
(27,033)—
FY ended March 31, 2014
162,686
1.6
6,799
23.2
4,713
22.3
583
—
(Note) Comprehensive income
FY ended March 31, 2015: (26,703) million yen [—%]FY ended March 31, 2014: 2,065 million yen [—%]Net income per Diluted net income
Ratio of operating
Return on equity
Return on asset
share
per share
income to sales
Yen
Yen
%
%
%
FY ended March 31, 2015(46.87)—(123.2)
3.1
5.6
FY ended March 31, 2014
1.01
—
3.5
1.9
4.2
(Reference) Equity in earnings/losses of affiliates
FY ended March 31, 2015: 12 million yen
FY ended March 31, 2014: 10 million yen(2) Consolidated financial situation
Total assets
Net assets
Capital adequacy ratio
Millions of yen
Millions of yen%
FY ended March 31, 2015
235,882
31,590
12.0
FY ended March 31, 2014
254,181
19,368
6.1(Reference) Shareholders’ equity: FY ended March 31, 2015: 28,354 million yen
FY ended March 31, 2014: 15,540 million yen

Net assets per share
Yen(17.01)
26.94(3) Consolidated cash flows situation
Cash flows fromoperating activities

Cash flows frominvesting activities

Millions of yen
6,080
6,839

FY ended March 31, 2015
FY ended March 31, 2014

Cash flows fromfinancing activities

Millions of yen(145)(4,103)

Millions of yen
5,870(3,053)

Balance of cash andcash equivalents atperiod end
Millions of yen
31,70819,557

2. Dividend payment
Annual dividend per share

FY ended March 31, 2014
FY ended March 31, 2015
FY ending March 31, 2016
(forecast)End of Q1

End of Q2

End of Q3

Yen

Yen

Yen

Year end

Total

Yen

Yen




0.00
0.00




0.00
0.00

0.00
0.00



0.00



0.00

0.00

Annualdividends paid
(Total)Dividend
payout ratio(consolidated)

Dividend ratioof net assets(consolidated)

Millions of
yen



%

%









(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, 2016 (April 1, 2015 to March
31, 2016)
Net sales
Millionsof yen
1st half of FY ending March 31,
2016
FY ending March 31, 2016(% figures represent changes from same period in the previous year.)
Profit attributable
Net income
Operating income Ordinary income
to owners ofper share
parentMillions
Millions
Millions
%
%
%
%
Yen
of yenof yenof yen71,000

(8.5)

5,000

60.1

3,600

69.8

1,000

―

0.87

145,000(8.9)

11,300

26.7

8,800

14.6

3,000

―

3.47

* 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: 1 company; (company name): Unitika Logistics Co., Ltd.
(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement(i) Changes in accounting policies due to revisions of accounting standards: Yes(ii) Changes of accounting policies other than the above: No(iii) Changes in accounting estimates: No(iv) Retrospective restatement: No(3) Number of shares outstanding (Common stock)(i) Number of shares outstanding at end of period (including treasury stock):
Fiscal year ended March 31, 2015: 577,523,433 sharesFiscal year ended March 31, 2014: 577,523,433 shares(ii) Number of treasury stocks at end of period
Fiscal year ended March 31, 2015: 794,415 sharesFiscal year ended March 31, 2014: 782,356 shares(iii) Average number of shares outstanding during the term
Fiscal year ended March 31, 2015: 576,734,918 sharesFiscal year ended March 31, 2014: 576,749,049 shares(Reference) Summary of non-consolidated performance
1. Non-consolidated performance for fiscal year ended March 31, 2015 (April 1, 2014 to March 31, 2015)(1) Non-consolidated business results(Percentages represent changes from same period in previous year.)
FY ended March 31, 2015
FY ended March 31, 2014

Net sales
Millions of yen
93,942
94,137

Operating income
Ordinary income
Net income% Millions of yen% Millions of yen% Millions of yen
%
(0.2)
6,908
49.1
5,547 129.6(30,595) —
2.3
4,634
19.1
2,415
25.4
1,346 —Net income per share
FY ended March 31, 2015
FY ended March 31, 2014

Yen
(53.05)
2.34

Diluted net income per shareYen(2) Non-consolidated financial situation
Total assets
Net assets
Capital adequacy ratio
Millions of yen
Millions of yen%
FY ended March 31, 2015
200,940
32,390
16.1
FY ended March 31, 2014
214,606
23,899
11.1(Reference) Shareholders’ equity: FY ended March 31, 2015: 32,390 million yen
FY ended March 31, 2014: 23,899 million yen

Net assets per share
Yen(10.01)
41.44* Presentation of situation of audit proceduresThis financial report is not subject to audit procedures under the Financial Instruments and Exchange Law of Japan. Audit procedures
concerning financial statements have not been completed at the date of disclosure of this financial report.

* 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 performance and precautionary statements when using the forecast of performance, pleaserefer to 1. Analysis of business results and financial situation (1) Analysis of business results: Forecast of business performance forfiscal year ending March 31, 2016 on page 3 of the Financial Report (the attachment).

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 as follows:
Annual dividends
End of Q1
Class A share
FY ended March 31, 2014
FY ended March 31, 2015
FY ending March 31, 2016 (forecast)Class B share
FY ended March 31, 2014
FY ended March 31, 2015
FY ending March 31, 2016 (forecast)Class C share
FY ended March 31, 2014
FY ended March 31, 2015

End of Q2

Yen
—
—
—

Yen
—
0.00
0.00
Yen

Yen
—
—

—

—
Yen
—
—

End of Q3
Yen
—
—
—
Yen

0.00

—
—

0.00

—

Yen
—
0.00

Yen
—
—

Year end

Total

Yen
—
8,021.90
12,000.00
Yen—
15,870.00

Yen—
8,021.90
12,000.00
Yen—
15,870.00

23,740.00

23,740.00

Yen

Yen

—
40,109.60—
40,109.60

FY ending March 31, 2016 (forecast)—
0.00—
60,000.00
60,000.00(Note) The Company plans to pay out dividends for the fiscal year ended March 31, 2015 from capital surplus. For the details,
please refer to Breakdown of dividends paid out from capital surplus mentioned below.

Breakdown of dividends paid out from capital surplus
The portion of dividends paid out from capital surplus for the fiscal year ended March 31, 2015 is as follows:
Effective dateYear end
Dividends per share
17,784.14 yen
Total dividends
666 million yen(Note) Ratio of decrease in net assets: 0.021

Total
17,784.14 yen
666 million yen

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

 Table of contents for the attachment
1. Analysis of business results and financial situation .............................................................................................. 2(1) Analysis of business results ........................................................................................................................... 2(2) Analysis on financial situation ....................................................................................................................... 4(3) Basic policy for profit distribution and dividends for the fiscal year ended March 31, 2015
and the fiscal year ending March 31, 2016 .......................................................................................................... 5
2. Management policies .......................................................................................................................................... 6(1) Basic management policies ............................................................................................................................ 6(2) Targeted management index .......................................................................................................................... 6(3) Medium- to long-term business strategies and issues to be addressed ............................................................. 6
3. Basic approach to the selection of accounting standards ...................................................................................... 7
4. Consolidated financial statements ....................................................................................................................... 8(1) Consolidated balance sheets .......................................................................................................................... 8(2) Consolidated income statement and consolidated comprehensive income statement ..................................... 10(Consolidated income statement) ................................................................................................................. 10(Consolidated comprehensive income statement) ......................................................................................... 11(3) Consolidated statements of changes in net assets.......................................................................................... 12(4) Consolidated statements of cash flow .......................................................................................................... 14(5) Notes regarding consolidated financial statements ....................................................................................... 15(Notes regarding assumption of a going concern) ......................................................................................... 15(Significant items that are the basis for preparation of consolidated financial statements) ............................. 15(Changes in accounting policies) .................................................................................................................. 17(Segment information etc.)........................................................................................................................... 19(Per share information) ................................................................................................................................ 21(Material subsequent events) ........................................................................................................................ 21
5. Other ................................................................................................................................................................ 22
Transfer of directors.......................................................................................................................................... 22
6. Supplementary materials ................................................................................................................................... 23-1-

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

1. Analysis of business results and financial situation(1) Analysis of business results(i) Business results for fiscal year ended March 31, 2015
In the fiscal year ended March 31, 2015 (April 1, 2014 to March 31, 2015), the Japanese economy continued torecover gradually, supported by the improvement in corporate earnings, mainly large companies, due to thecontinuation of the monetary easing policy by the Bank of Japan and flexible fiscal expenditure by thegovernment, although sluggish consumer spending lingered due to the consumption tax rate hike and climbing
prices caused by the yen’s depreciation. Meanwhile, the outlook for the overseas economy was still uncertain
because there was downside risk for the global economy, since the economies of emerging countries including
China had slowed down and the European economy was stagnant, although the U.S. economy remained solid.
In this environment, the Unitika Group tried to strengthen its foundation as a functional materials manufacturer
centering on the Polymers business 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 the current fiscal year. In addition, as a part of its
business portfolio restructuring, the Group revamped the industrial fiber business, including cutting production ofshort-fiber polyester, transferred the Medical business and the Healthcare & Amenity business, and transferred ofshares in Unitika Kyoto Family Center Co., Ltd. and Unitika Ako Kaihatsu K.K.
Meanwhile, as the Company announced on December 16, 2014, the following facts were brought to light: thesmoke insulation performance of fire-resistant screen shutters produced by Unitika Plant Engineering Co., Ltd.
(―UPEC‖) did not satisfy the Ministry of Land, Infrastructure, Transport and Tourism (―MLIT‖)’s accreditation
criteria; and UPEC had illegally acquired MLIT accreditation for some of its fire-resistant screen shutters.
Consequently, the Company recorded estimated repair expenses of 3,708 million yen as an extraordinary loss forthe current fiscal year. Management sincerely apologizes for the inconvenience and worry inflicted on many people
including our shareholders. The Unitika Group is devoting all its energies into the repair work and the re-acquisitionof MLIT accreditation. In addition, the entire Group is taking all possible measures to prevent a recurrence of suchan incident and strives to restore confidence in its products.

As a result, the Unitika Group reported net sales of 159,126 million yen (down 2.2% year-on-year), operating
income of 8,916 million yen (up 31.1% year-on-year), ordinary income of 7,680 million yen (up 62.9% yearon-year) and net loss of 27,033 million yen (net income of 583 million yen in the previous year).
Considering the above, the Unitika Group has decided it will pay no dividend for common shares in the current
fiscal year. The management sincerely appreciates your understanding in this matter.
Here is a summary of business by segment.
[Polymers]
In the Films business, sales in the packaging sector increased because exports grew steadily, although sales
volume decreased in Japan due to sluggish consumption of food products and miscellaneous daily articles after
the consumption tax rate hike. Sales volume and sales in the industrial sector rose supported by the recovery of
demand for electric and electronic equipment applications. In addition, sales of Uni-peel, a newly-launchedmold release polyester film, and a highly heat-resistant polyamide film grew robustly. As a result, overall sales
remained flat but profit grew.
In the Resin business, sales of nylon resins for automobile and electric power tool applications grew steadily.
Sales of U-Polymer, the Company’s original polyarylate resin, for smart phone applications rose, while thosefor office equipment-related applications increased stably. Meanwhile, demand for Arrow Base, anenvironmentally friendly water-based polyolefin cationic emulsion, picked up from the second half of the
fiscal year and the adoption of XecoT, highly heat-resistant polyamide resin, progressed for automobile
applications. As a result, sales remained flat but profit increased in the Resin business.
In the Non-woven Fabrics business, sales of polyester spunbond fabrics increased overseas supported by the
expansion of sales volume, while their sales in Japan, for both daily product and industrial material applications,decreased due to weak demand after the consumption tax increase. Meanwhile, sales of cotton spunlace, mainly forface mask applications, grew steadily. As a result, sales decreased but profits increased in the Non-woven Fabrics
business.
Consequently, the Polymers business posted operating income of 7,729 million yen (up 13.0% year-on-year) on net
sales of 64,467 million yen (down 1.6% year-on-year).

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Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

[Advanced Materials]
In the Glass Fibers business, sales in the industrial materials sector, mainly building-related materials,
remained strong. In the electronic materials sector, sales of IC cloth, especially ultra thin differentiatedproducts, for smart phone applications grew robustly. In the Glass Beads business, sales for road marking
applications decreased, but those for industrial and reflective material applications increased. Meanwhile, in
the Activated Carbon Fibers business, sales fell due to weak demand for mainstay water purifier applications, adecrease in shipments for automobile applications, and inventory adjustment for air-purifying applications.
Consequently, the Advanced Materials business posted operating income of 1,959 million yen (up 3.0% yearon-year) on net sales of 14,682 million yen (down 1.2% year-on-year).
[Fibers and Textiles]
In the Industrial Materials business, demand for ultra-high strength polyester filament yarn remained robust in
the field of building and civil engineering, its main applications, and profits increased due to efforts to reduce
sales of low-profit-margin products and boost high-value-added products. In the short-fiber polyester business,
profitability improved substantially due to drastic structural reforms. Although the profitability of vinylon fiber
for reinforced concrete applications, a replacement for asbestos, improved due to progress in the shift to highprofit products in exports to Europe and emerging countries, the Company decided to discontinue theproduction of PVA fibers by the end of March 2016 because the business environment continued to bechallenging.
In the Garments, Lifestyle Materials, and Bedding business, sales in the uniform field increased due to solid
demand for uniforms for factory workers, but cost of procure overseas products rose due to the weaker yen.
Meanwhile, sales in the sports field remained weak in Japan, but in women’s clothing fields, sales of bothsecondary products and textiles and knit fabrics remained steady. In addition, exports of denim remained
strong.
Consequently, the Fibers and Textiles business posted operating income of 1,743 million yen (up 310.7% yearon-year) on net sales of 66,787 million yen (down 2.0% year-on-year).

[Others]
In the Healthcare & Amenity business, sales of health food, such as Byakugen Houou, remained weak, sincedemand did not recover due to the effect of the consumption tax rate hike, but sales of functional dietary
materials and feed materials centering on Ceramide remained robust.
In the Medical business, sales of catheters, mainly quad lumen catheters, a product used for the treatment ofcirculatory system diseases, grew and profits increased due to cost reductions with increased production
volume.
In the Real Estate business, revenues increased due to solid sales of condominiums that were completed in thelatter half of the fiscal year.
Consequently, the Others category posted operating income of 536 million yen (down 32.7% year-on-year) on
net sales of 13,188 million yen (down 6.7% year-on-year).

(ii) Forecast of business performance for fiscal year ending March 31, 2016
The Unitika Group will steadily implement the measures stated in its new medium-term management plan
formulated in May 2014. To expand business, the Group will accelerate its business portfolio restructuring thatit has carried out from the current year; concentrate its management resources on the Polymers business, a
growing business, following the reinforcement of its capital base through financial support and external capital
contributions at the end of July 2014; increase capability to supply products to the Asian region, a growing
market; and boost sales of value-added products in Japan and overseas.
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Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

Through these efforts, the Unitika Group is forecasting the following consolidated business results: net sales of
145,000 million yen, an operating income of 11,300 million yen, an ordinary income of 8,800 million yen, anda net profit attributable to owners of parent of 3,000 million yen in the fiscal year ending March 31, 2016.
(2) Analysis on financial situation
Total assets decreased by 18,299 million yen from the end of the previous consolidated fiscal year to 235,882
million yen. This was mainly due to a decrease in property, plant and equipment. Liabilities decreased by
30,521 million yen from the end of the previous consolidated fiscal year to 204,291 million yen. This was
mainly due to a decrease in interest-bearing debt. Net assets increased by 12,221 million yen from the end of
the previous consolidated fiscal year to 31,590 million yen. This was mainly due to an increase inshareholders’ equity by the issuance of common shares.
Here is a summary of the cash flow situation.
(Net cash provided by [used in] operating activities)
Net cash provided by operating activities during the current fiscal year amounted to 6,080 million yen (down
759 million yen year-on-year) due to cash-inflow—the total of non-cash items, such as depreciation andamortization and impairment loss (including business structure improvement expenses)—despite the net loss
before income taxes and minority interests.
(Net cash provided by [used in] investment activities)
Net cash used in investment activities amounted to 145 million yen during the current fiscal year (4,103
million yen used in the previous fiscal year) due to capital expenditures despite proceeds from sales of assets
associated with the business portfolio restructuring.
(Net cash provided by [used in] financing activities)
Net cash provided by financing activities during the current fiscal year amounted to 5,870 million yen (3,053
million yen used in the previous fiscal year) due to the issuance of common shares and repayment of loans
payable.
As a result, cash and cash equivalents at the end of the current fiscal year increased by 12,151 million yen
from the end of the previous fiscal year to 31,708 million yen.

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Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

The table below shows trends in cash flow indicators.

(i)Shareholders’ equity ratio (%)(ii) Shareholders’ equity ratio on
market value basis (%)(iii) Ratio of interest-bearing debt tocash flow(iv) Interest coverage ratio

Year ended
March 31, 2015

Year ended
March 31, 2014

Year ended
March 31, 2013

12.0

6.1

7.0

13.4

12.9

11.5

22.5

24.5

10.6

2.3

2.3

5.4

(Notes) Shareholders’ equity ratio: Shareholders’ equity/Total assets
Shareholders’ equity ratio on market value basis: Market capitalization/Total assets
Ratio of interest-bearing debt to cash flow: Interest-bearing debt/Cash flow
Interest coverage ratio: Cash flow/Interest expense*1. Each indicator is calculated based on consolidated financial results.
*2. Cash flow is net cash provided by operating activities.
*3. Interest-bearing debt includes all liabilities, reported on the consolidated balance sheet, on whichinterest is paid.
(3) Basic policy for profit distribution and dividends for the fiscal year ended March 31, 2015 and the fiscal year
ending March 31, 2016
The Unitika Group considers that the profit distribution to its shareholders is an important aspect of its business,but management intends to cancel payment of dividends on common stock for the fiscal year ended March 31,
2015, giving due consideration to the business results and financial situation at the end of the fiscal year.
For the future, Unitika’s basic dividend policy is to conduct profit distribution to shareholders appropriate to theCompany’s financial results. At the same time, the Company intends to decide dividend payment after
considering the improvement of financial position and enhancing of internal reserve for securing profit forshareholders from a long-term perspective.
With regard to dividend payment to the holders of class shares issued through third party allotment in July 2014,
the Company intends to pay dividends of 8,021.90 yen per Class A share, 15,870.00 yen per Class B share, and40,109.60 yen per Class C share in accordance with the provisions for issuance of class shares set at issuance.

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Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

2. Management policies(1) Basic management policies
Having the corporate mission of contributing to society by connecting people’s lives and technology, theUnitika Group has been aiming to become a company that contributes to the improvement of people’s lives andpreservation of the environment, and social recognition. Management believes that the Group’s contributions tosociety will enhance its corporate value, which in turn will reward shareholders, while the Company continues
to promote its basic management policies: implementation of structural reform, establishment of a foundation as
a functional materials manufacturer and strengthening of its corporate structure and shareholders’ equity.
(2) Targeted management index
The Unitika Group places greater importance on amount of net sales, operating income and ordinary incomethat represent the results of its business activities. The Group considers enhancing its shareholders’ equity ratio
and reducing interest-bearing debts to strengthen its financial position and places emphasis on and manages
cash flows with great care.
(3) Medium- to long-term business strategies and issues to be addressed
The Unitika Group will steadily implement the measures stated in its new medium-term management plan
formulated in May 2014. To expand business, the Group will accelerate its business portfolio restructuring thatit has carried out from the current year; concentrate its management resources on the Polymers business, a
growing business, following the reinforcement of its capital base through financial support and external capital
contribution at the end of July 2014; increase its capability to supply products to the Asian region, a growing
market; and boost sales of value-added products in Japan and overseas. In addition, the Group will revamp its
management and execution system and organizational management system in April 2015 to more clearly define
authority and responsibility for the execution of business with the aim of turning itself highly profitable andmaking its balance sheet stronger.
Meanwhile, with respect to UPEC’s failure to satisfy MLIT’s performance criteria for smoke insulation of fireresistant screen shutters and illegal acquisition of MLIT accreditation for some of its fire-resistant screen
shutters, the entire Unitika Group will devote all its energies to the early completion of repair work and try to
prevent the recurrence of such an incident.
Here is a summary of the strategies and issues to be addressed for each business.
Polymers:
In the Films business, the Unitika Group will expand sales of new barrier nylon films, such as Emblem HG, andexplore business in non-food fields to increase its influence in the market as a leading manufacturer in the
packaging field. In addition, the Group will try to increase its market share in the Southeast Asian market andexpand sales in the European and North American markets by taking advantage of capacity expansion throughthe installation of advanced, large-scale equipment for producing nylon film, which began operation in P.T.
Emblem Asia, a subsidiary in Indonesia. In the industrial field, the Unitika Group will aim to expand theadoption of Uni-peel, a strategic product for future growth, and a highly heat-resistant polyamide film. In the
Resins business, the Group will further focus on expanding the use of XecoT, mainly in automobile, andelectrical and electronics equipment applications, since it began operation of medium mass production
equipment with annual capacity of 500 tons. In addition, the Group will continue to expand sales of Arrow Baseand polyester resins for direct blow molding to existing customers, explore new possible applications andacquire new customers to improve profitability further. In the Non-Woven Fabrics business, the Unitika Groupwill continue to boost sales of polyester spunbond fabrics, mainly MARIX and ELEVES, by developing
applications in the field of industrial materials, daily products, and agricultural materials. Furthermore, theGroup has decided to build new production facilities in THAI UNITIKA SPUNBOND Co., Ltd., a subsidiary inThailand, with the aim of maintaining and increasing its market share, mainly in the Asian region. Concerning
cotton spunlace, the Group will continue to expand sales for wet sheet applications and cultivate overseas
markets.

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Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

Advanced Materials:
In the glass fiber business, the Unitika Group will continue to expand sales of products for building and civilengineering applications and step up its efforts to increase sales of products for environment and electric andelectronic applications in the industrial materials field. In regard to IC cloth in the electronics materials field,with the aim of expanding earnings, the Group will further develop ultra thin products to increase thepercentage of differentiated products in smart phone applications. Regarding glass beads, the Unitika Groupwill try to expand sales mainly for industrial applications. In the activated carbon fiber business, the Group willcontinue to promote sales for water purifiers built into faucets, whose demand is expected to remain brisk in the
future, and accelerate development of products that meet local needs in China, Taiwan, and European countries
to expand sales by marketing differentiated products.
Fibers and Textiles:
In the industrial materials business, the Unitika Group will continue to shift its focus to sales of lucrative
products and implement radical cost reduction measures at all stages—procurement, production, sales andadministration—to establish a foundation that will enable it to improve profitability. In the Garments, Lifestyle
Materials, and Bedding business, the Group will accelerate global expansion by using its overseas bases in
China, Vietnam, and Indonesia, improve the function of products and focus on expanding sales of high-value
added products in Japan.
Regarding overseas business development, the Unitika Group will try to secure a position as a top global player
in the nylon film market through operation of the aforementioned advanced, large-scale nylon film
manufacturing equipment. In regard to other businesses in the Polymers, Advanced Materials and Fibers andTextiles segment, the Group will focus on strengthening marketing and overseas procurement, cultivating newcustomers in the Asian market, and expanding sales in the European and North American markets incooperation with its overseas bases in China and ASEAN.
With regard to R&D, the Unitika Group will accelerate the development of functional resins, heat-resistant film,
and functional fibers, which are expected to serve as an engine of growth in the future, by making full use of thepolymer design and control technologies, inorganic material technologies, and analysis and assessment
technologies that the Group possesses.
Regarding cost reduction, the Unitika Group will strive to return to profitability by strengthening its
consolidated management system and reducing administrative costs according to the nature of each business. In
addition, the Group will thoroughly promote efficient management of operating capital including the reductionof inventories and try to reduce interest-bearing debt.

3. Basic approach to the selection of accounting standards
The Unitika Group adopts Japanese Accounting Standards (Japanese GAAP), since the Group intends to ensure
the comparability of performance with competitors in Japan.

-7-Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

4. Consolidated financial statements(1) Consolidated balance sheets(Unit: Millions of yen)Previous consolidated
fiscal year
(March 31, 2014)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Inventories
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Tangible fixed assets
Buildings and structures, net
Machinery, equipment and vehicles, net
Tools, furniture and fixtures, net
Land
Leased assets, net
Construction in progress
Total tangible fixed assets
Intangible fixed assets
Goodwill
Other
Total intangible fixed assets
Investments and other assets
Investment securities
Investments in capital
Long-term loans receivable
Net defined benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-8-

Current consolidated
fiscal year
(March 31, 2015)

19,58735,32439,891
1,170
3,566
(169)
99,37031,73839,05937,377
977
3,823
(161)
112,814

17,691
20,333
1,170
103,036315
6,040
148,588

13,887
18,167
1,055
76,904259
6,168
116,443

9
1,191
1,201

4
1,480
1,485

2,863
18
183
86
340
1,802
(273)
5,020
154,811254,181

3,112
11
169
15
336
1,737
(243)
5,138
123,067
235,882

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

(Unit: Millions of yen)Previous consolidated
fiscal year
(March 31, 2014)
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Lease obligations
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
Lease obligations
Deferred tax liabilities
Deferred tax liabilities for land revaluation
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
Minority interests
Total net assets
Total liabilities and net assets-9-

Current consolidated
fiscal year
(March 31, 2015)

19,696
70,12539,240
217
1,035
1,595
1,284
566
10,794
144,555

20,368
2,072
1,703
189
461
1,531
3,947
1,751
11,81543,842

55,187449
16,9032,403
26
13,034
2,252
90,257
234,813130,127858
12,2883,075
26
12,353
1,718
160,449
204,291

26,298
4,385(11,392)(44)
19,245100
60,275(31,138)(45)
29,191

265
(8)
2,918
(2,904)(3,977)(3,705)

468
(224)
5,165
(2,807)(3,439)
(837)

3,828
19,368254,181

3,236
31,590235,882

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

(2) Consolidated income statement and consolidated comprehensive income statement(Consolidated income statement)(Unit: Millions of yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Rent income
Share of profit of entities accounted for using equity
methodForeign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Gain on sales of shares of subsidiaries and associates
Dividends from liquidation of securities
Gain on bargain purchase
Gain on transfer of business
Other
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Impairment loss
Provision for product repair warranties
Business structure improvement expenses
Other
Total extraordinary losses
Income (loss) before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income (loss) before minority interests
Minority interests in income (loss)
Net income (loss)- 10 -

Previous consolidated
fiscal year
(April 1, 2013 toMarch 31, 2014)
162,686
132,50330,18323,384
6,799

Current consolidated
fiscal year
(April 1, 2014 toMarch 31, 2015)
159,126
126,515
32,61023,694
8,916

66
81
90

82
74
87

10
998
645
1,893

12
1,754
431
2,443

2,916
1,063
3,979
4,713

2,603
1,076
3,679
7,680

40
275
—
186
11
—
21
534

278
—
484
—
—
925
—
1,688

496
1,316
1,284
368
212
3,677
1,571
1,211
(292)
918
652
68
583

624
3,375
3,708
31,172866
39,747(30,378)743(3,540)(2,797)(27,580)(547)(27,033)

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

(Consolidated comprehensive income statement)(Unit: Millions of yen)Previous consolidated
fiscal year
(April 1, 2013 toMarch 31, 2014)
Income (loss) before minority interests
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,
net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to minority
interests- 11 -

652

Current consolidated
fiscal year
(April 1, 2014 toMarch 31, 2015)(27,580)

151
(14)
(61)
1,337

202
(218)
338
18

—
1,412
2,065

537
877
(26,703)

1,708(26,110)

356

(592)

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

(3) Consolidated statements of changes in net assets
Previous consolidated fiscal year (April 1, 2013 to March 31, 2014)(Unit: Millions of yen)
Shareholders’ equity
Capital stock
Balance at the beginning of current
periodCapital surplus

26,298Retained earnings

4,385

Total shareholders’equityTreasury shares(11,976)(44)

18,663Cumulative effects of changes inaccounting policies—

Restarted balance

26,298

4,385(11,976)(44)

18,663

Changes of items during period
Net income

583

583

Purchase of treasury shares

(0)

(0)

Purchase of shares of consolidated
subsidiaries
Net changes of items other thanshareholders’ equity
Total changes of items during
periodBalance at the end of current period

—

—

583

(0)

582

26,298

4,385(11,392)(44)

19,245

Accumulated other comprehensive income
Valuationdifferenceonavailablefor-salesecurities
Balance at the beginning of current
period114

Deferred
gains orlosses onhedges6

Revaluation
reserve forland

Foreigncurrencytranslation
adjustment

Remeasurementsof defined
benefit plans

Total
accumulated
othercomprehensive income

2,979(3,954)—(854)

Minority
interests

Total net
assets3,508

21,317

Cumulative effects of changes inaccounting policies
Restarted balance

—
114

6

2,979

(3,954)

—

(854)

3,508

21,317

Changes of items during period
Net income

583

Purchase of treasury shares(0)

Purchase of shares of consolidated
subsidiaries
Net changes of items other thanshareholders’ equity

(35)

(35)

151

(14)

(61)

1,050

(3,977)(2,851)356(2,495)

Total changes of items during
period

151

(14)

(61)

1,050

(3,977)(2,851)320(1,948)

Balance at the end of current period

265

(8)

2,918

(2,904)(3,977)(3,705)

3,828

19,368- 12 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

Current consolidated fiscal year (April 1, 2014 to March 31, 2015)(Unit: Millions of yen)
Shareholders’ equity
Capital stock
Balance at the beginning of current
periodCapital surplus

26,298Retained earnings

4,385(11,392)

Cumulative effects of changes inaccounting policies

Total shareholders’equityTreasury shares(44)

19,245

1,426

Restarted balance

1,426

26,298

4,385(9,965)(44)

20,672Issuance of new shares

18,74918,74937,499Transfer to other capital surplus
from capital stock(44,947)

44,947—

Changes of items during period

7,806

—

(Net loss)(27,033)(27,033)

Reversal of revaluation reserve forland(1,946)(1,946)

Deficit disposition(7,806)

Purchase of treasury shares

(0)

(0)

Net changes of items other thanshareholders’ equity
Total changes of items during
period(26,198)

55,890(21,173)

(0)

8,518

100

60,275(31,138)(45)

29,191

Balance at the end of current period

Accumulated other comprehensive income
Valuationdifferenceonavailablefor-salesecurities
Balance at the beginning of current
period265

Deferred
gains orlosses onhedges(8)

Revaluation
reserve forland

Foreigncurrencytranslation
adjustment

Remeasurementsof defined
benefit plans

Total
accumulated
othercomprehensive income

2,918(2,904)(3,977)(3,705)

Minority
interests

Total net
assets

3,828

19,368Cumulative effects of changes inaccounting policies
Restarted balance

1,426
265

(8)

2,918

(2,904)(3,977)(3,705)

3,828

20,795

Changes of items during period
Issuance of new shares

37,499Transfer to other capital surplus
from capital stock—

Deficit disposition—(Net loss)(27,033)

Reversal of revaluation reserve for
land

1,946

—

1,946

Purchase of treasury shares
Net changes of items other thanshareholders’ equity

(0)
202

(215)

300

97

537

922

(592)

330

Total changes of items during
period

202

(215)

2,247

97

537

2,868

(592)

10,795

Balance at the end of current period

468

(224)

5,165

(2,807)(3,439)

(837)

3,236

31,590- 13 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

(4) Consolidated statements of cash flow
(Unit: Millions of yen)Previous consolidated
fiscal year
(April 1, 2013 toMarch 31, 2014)
Cash flows from operating activities
Income (loss) before income taxes and minority interests
Depreciation
Impairment loss
Business structure improvement expenses
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for retirement benefits
Increase (decrease) in net defined benefit liability
Increase (decrease) in provision for business structure improvement
Increase (decrease) in provision for product repair
Loss (gain) on sales of shares of subsidiaries and associates
Increase (decrease) in other provisionInterest expenses
Loss (gain) on disposal of non-current assets
Loss (gain) on sales of non-current assets
Gain on transfer of business
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 transfer of business
Proceeds from sales of shares of subsidiaries resulting in change inscope 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
Proceeds from long-term loans payable
Repayment of long-term loans payable
Proceeds from issuance of common shares
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 the end of period- 14 -

Current consolidated
fiscal year
(April 1, 2014 toMarch 31, 2015)

1,571
5,127
1,316

(30,378)
4,954
3,375

188
(56)
(7,782)29,751
(38)

9,033
(521)
1,284
—
(2)
2,916
496
(40)
—
1,367
219
(2,913)(1,573)
10,630146(2,954)
(982)
6,839

—
1,257
1,185
2,663
(484)
(33)
2,603
624
(278)
(925)
(3,426)964
181(2,050)9,948
157(2,630)(1,394)
6,080

2
(21)
766
(4,895)
58
—

(0)
(21)
82
(4,737)
2,105

—

1,174

1,734

(14)

(482)

(4,103)

(145)

1,073
33,544(37,334)—(337)(3,053)239(78)
19,636
19,557(25,320)101(5,981)
37,218
(147)
5,870
345
12,151
19,55731,708

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015(5) Notes regarding consolidated financial statements(Notes regarding assumption of a going concern)
Not applicable(Significant items that are the basis for preparation of consolidated financial statements)
1. Scope of consolidation(1) Number of consolidated subsidiaries: 43 companies
Name of major consolidated subsidiaries:
NIPPON ESTER CO., LTD.
UNITIKA TRADING CO., LTD.
The number of consolidated subsidiaries decreased by four from the end of the previous fiscal year
because of the following reasons: one company due to an absorption type merger by the Company, one
company due to liquidation, and two companies due to the transfer of shares.
(2) Name of major non-consolidated subsidiaries:
Major non-consolidated subsidiaries:
Akoh Unitec Service Co., Ltd.
(Reasons the Company excludes such entities from the scope of consolidation)
Since the total assets, net sales, net income (loss) (corresponding to equity interest) and retained earnings(corresponding to equity interest) of the two non-consolidated subsidiaries are small and do not significantly
influence the Company’s consolidated financial statements, the Company excludes these entities from thescope of consolidation.
2. Application of the equity method(1) Number of equity-method non-consolidated subsidiaries: 1 company
Name of equity-method non-consolidated subsidiaries
Akoh Unitec Service Co., Ltd.
(2) Number of equity-method affiliates: 2 company
Name of major affiliated companies
AD’ALL CO., Ltd.
(3) Name of non-equity-method non-consolidated subsidiaries and affiliates
Name of companies
Thai Nylon Co., Ltd.
(Reasons the Company does not apply the equity-method to such entities)
Since net income (loss) (corresponding to equity interest) and retained earnings (corresponding to equity
interest) of the non-equity method non-consolidated subsidiaries and affiliates do not significantly influence
the Company’s consolidated financial statements and such entities do not have importance as a whole, ifthey are excluded from the scope of equity-method subsidiaries and affiliates, the Company excludes these
entities from the scope of equity-method.
3. Account settlement date, etc. of consolidated subsidiaries
Among the consolidated subsidiaries, 11 companies settle their accounts on a date different from theconsolidation date. Their account settlement dates are as follows:
December 31: P. T. EMBLEM ASIA and 9 other companies
February 28: UNITIKA (HONG KONG) Ltd.
For the purpose of preparing the consolidated financial statements, the financial statements for the respective
account settlement dates of these companies are used, and any necessary adjustments are made with regard to
significant transactions conducted during the period between the relevant settlement date and the current
consolidation date.

- 15 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

4. Accounting standards(1) Evaluation standards and method for significant assets
Marketable securities
Other marketable securities
With market values:
Valued at fair value based on market values, etc. on the settlement date(variance from valuation is processed with the method entirely to charge or
credit directly to equity, and selling cost is calculated using the moving
average method.)
Without market values: Valued at cost using the moving average method
Derivatives
Valued at fair value
Inventories
Valued primarily at cost by using the moving average method (the balance sheet value is calculatedby the book value written-down method based on decline in profitability.)(2) Depreciation method for significant depreciable assets
Tangible fixed assets (excluding lease assets)
The Company and its consolidated subsidiaries primarily use the declining-balance method. However,some consolidated subsidiaries use the straight-line method.
Intangible fixed assets (excluding lease assets)
Straight-line method
Lease assets
Lease assets under finance lease transactions that do not transfer ownership
Lease assets are depreciated using the straight-line method over the lease term, based on theassumption that the residual value is equal to zero.
(3) Accounting standards for important allowances
Allowance for doubtful receivables
In order to cover losses from uncollectible account receivables, the Company provides for estimateduncollectible amount of normal receivables based on historical loss ratios. Specific claims including
doubtful receivables, etc. are individually evaluated for the likelihood of recovery and estimateduncollectible amount is provided.
Provision for bonuses
The Company provides for allowance for bonus based on the estimated amount of the payment for
employees.
Provision for product improvement
Since defects were discovered in its products supplied in the past, the Company makes a provision for
estimated expenses to be incurred in relation to future product improvement.
Provision for business structure improvement
The Company provides for reasonably estimated amount of loss incurred in the next consolidated
fiscal year due to implementation of a business structure improvement program.
Allowance for directors’ retirement bonuses
In the past, the Company and its consolidated subsidiaries provided for the amount payable at the endof the subject term under the internal rule to cover payment of retirement bonuses to directors(including executive officers). However, the Company and its consolidated subsidiaries abolished the
directors’ retirement bonus system in June 2006 and suspended the transfer of such amount toallowance for directors’ retirement bonuses.
(4) Accounting method for retirement benefits- The attribution method for estimated retirement benefit amounts
To calculate retirement benefit obligations, the Company adopts the benefit formula standard as themethod of attributing expected retirement benefit to periods until the end of the current fiscal year.

- 16 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

- Methods for processing actuarial gains and losses, past service liabilities, and the transition difference due
to a change in the accounting standards
The transition difference due to a change in the accounting standards is equally expensed over 15 years.
Past service liabilities are amortized using the straight-line method over the average remaining years ofservice of employees (generally 13 years) when the liability is incurred.
Actuarial gains and losses are expensed using the straight-line method over the average remaining yearsof service of employees (generally 13 years) when gains and losses are incurred, allocated starting from thenext year each respective gain or loss is incurred.
(5) Accounting standards for recognizing revenues and costs of construction contracts
The percentage-of-completion method has been applied to construction contracts if the outcome of theconstruction activity is deemed certain on March 31, 2013 (the estimated percentage of completion shall bebased on the ratio of the cost incurred to the estimated total cost). The completed-contract method has been
applied to other construction contracts.
(6) Standards for translating important foreign currency assets or liabilities to Japanese currency
Foreign currency monetary assets and liabilities are converted into yen currency at the spot exchange rate of
the consolidated settlement date and exchange differences are treated as profit or loss. Meanwhile, theassets and liabilities of overseas subsidiaries are converted into yen currency by the spot exchange rate of
the settlement date, and profits and expenses are converted into yen currency at the average market rateduring the period with the exchange differences included in the currency exchange translation adjustment
and minority interests.
(7) Interest relating to property for sale (inventories)
Interests paid in relation to some real estate for sale in progress among the real estate for sale held by someconsolidated subsidiaries are included in the acquisition amount of such real estate.
(8) Important hedge accounting method
The Company adopts deferred hedge accounting, and uses the method for translating foreign currency
receivables and payables on the basis of yen value cash flow fixed by forward contract for exchange
contracts that may satisfy requirements for the said method, and preferential procedures for interest rate
swaps that may satisfy requirements for preferential procedures.
(9) Items relating to amortization of goodwill
Goodwill is amortized using the straight-line method over 5 years.
(10) Scope of funds in consolidated statements of cash flows
Funds stated in the consolidated statements of cash flows consist of cash on hand, demand deposits andshort-term investments that are readily convertible into cash, are exposed to insignificant risk of changes invalue and are redeemable in three months or less from each acquisition date.
(11) Treatment of consumption taxes, etc.
The Company adopts the tax-excluding method.
(Changes in accounting policies)(Application of the Accounting Standards for Retirement Benefits)
Effective from the current consolidated accounting year, the Unitika Group has applied the AccountingStandard for Retirement Benefits (ASBJ Statement No.26, issued May 17, 2012; hereinafter, the AccountingStandard) and the Guidance on the Accounting Standard for Retirement Benefits (ASBJ Guidance No.25,
issued March 26, 2015; hereinafter, the Guidance). In accordance with the provisions stipulated in the mainclause of Article 35 of the Accounting Standard and in the main clause of Article 67 of the Guidance, theGroup reviewed the method of calculation for retirement benefit obligations and service costs, and changed
the method of attributing expected retirement benefit to periods from the fixed amount per period standard to
the benefit formula standard; and changed the method of calculating the discount rate from a method based on
the number of years close to average remaining service periods for employees to a method using a single
weighted average discount rate that reflects the estimated timing of benefit payment and amount of benefit
payments by the estimated timing.
- 17 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

The Accounting Standard and Guidance have been applied in a transitional manner as provided in Article 37of the Accounting Standard, and the effects from the changes in calculation method for retirement benefit
obligations and service costs have been reflected in retained earnings at the beginning of the current
consolidated accounting year.
Consequently, net defined benefit liability decreased by 1,426 million yen and retained earnings increased by
1,426 million yen at the beginning of the current consolidated accounting year. In addition, operating income
and ordinary income decreased by 218 million yen, respectively, while net loss before income taxes increased
by 218 million yen in the current consolidated accounting year.
Meanwhile, net assets per share increased by 2.47 yen and net loss per share grew by 0.38 yen in the current
consolidated accounting year.

- 18 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

(Segment information etc.)
Segment information
1. Summary of reportable segment
Unitika’s reportable segments are components of the Company for which separate financial information isavailable. These segments are subject to regular reviews by the Board of Directors to decide the
distribution of managerial resources and evaluate business results.
The Company sets up divisions by product and service in its head office. Each division formulates
comprehensive domestic and overseas strategies for its products and services and conducts businessactivities according to the strategies.
Unitika consists of segments by product and service based on divisions. The following three are its
reportable segments: Polymers, Advanced Materials, and Fibers & Textiles.
The Polymers segment manufactures and markets films, resins, and non-woven fabrics. The Advanced
Materials segment makes and sells glass fibers and so on. The Fibers & Textiles segment produces anddistributes various types of fibers (threads, cotton, textiles and fabrics and the like).
2. Methods to calculate the amount of net sales, profit or loss, assets and other items by reportable segment
Methods of accounting treatment of reported business segments are almost the same as those stated in the
Significant items that are the basis for preparation of consolidated financial statements.
Inter-segment earnings and transfers are based on prevailing market prices.
3. Information on the amount of net sales, profit or loss, assets and other items by reportable segment
The previous fiscal year (April 1, 2013 to March 31, 2014)
Reportable segment

Polymers

Advanced
Materials

Fibers &Textiles

Other(Note 1)
Total

Total

(Unit: Millions of yen)Amountposted inConsoliAdjustment
dated(Note 2)
financialstatements(Note 3)

Net sales
Net sales to outside
customers
65,523
14,85568,170148,549
14,136
162,686—
162,686
Inter-segment sales ortransfer
22
60
267
350
1,611
1,962
(1,962)—
Total
65,545
14,91668,437
148,900
15,748
164,648(1,962)
162,686
Segment income
6,839
1,903
424
9,167
798
9,965
(3,166)
6,799
Segment assets
87,07818,62264,451
170,153
49,453
219,607
34,574254,181
Other items
Depreciation andamortization
2,679
425
1,064
4,169
607
4,777
350
5,127
Increase in property, plantand equipment andintangible assets
2,654
273
984
3,912
407
4,319
1,238
5,557
(Note) 1. The Other category comprises business segments that are not included in reportable segments. It includes Environmental
business, Medical business, Healthcare & Amenity business, and Real Estate-related business and the like.
2. Adjustment details are as follows.
(1) Adjustment of (3,166) million yen for Segment income includes corporate expenses that are not allocated to eachreportable segment.
(2) Adjustment of 34,574 million yen for Segment assets include investment of surplus funds (cash and deposits) by the parent
company, long-term investment funds (investment securities) and assets, etc. related to the Administration and the
Research and Development Division of the parent company.
(3) Adjustment of 350 million yen for Depreciation and amortization is depreciation and amortization of common assets thatare not allocated to each reportable segment.
(4) Adjustment of 1,238 million yen for Increase in property, plant and equipment and intangible assets is an increase incommon assets that are not allocated to each reportable segment.
3. Segment income is adjusted with operating income in the consolidated statements of income.

- 19 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

Current consolidated fiscal year (April 1, 2014 to March 31, 2015)
Reportable segment

Polymers

Advanced
Materials

Fibers &Textiles

Other(Note 1)
Total

Total

(Unit: Millions of yen)Amountposted inConsoliAdjustment
dated(Note 2)
financialstatements(Note 3)

Net sales
Net sales to outside
customers
64,467
14,682
66,787
145,937
13,188159,126—
159,126
Inter-segment sales ortransfer
64
50
272
387
1,241
1,629
(1,629)—Total
64,531
14,73367,059146,324
14,430160,755(1,629)159,126
Segment income
7,729
1,959
1,743
11,432536
11,969(3,052)
8,916
Segment assets
91,63618,98960,724
171,350
30,297
201,647
34,234
235,882
Other items
Depreciation andamortization
2,821
400
867
4,089
548
4,637
317
4,954
Increase in property, plantand equipment andintangible assets
2,260
342
713
3,316
386
3,703
1,671
5,375
(Note) 1. The Other category comprises business segments that are not included in reportable segments. It includes Environmental
business, Medical business, Healthcare & Amenity business, and Real Estate-related business and the like.
2. Adjustment details are as follows.
(1) Adjustment of (3,052) million yen for Segment income includes corporate expenses that are not allocated to eachreportable segment.
(2) Adjustment of 34,234 million yen for Segment assets include investment of surplus funds (cash and deposits) by the parent
company, long-term investment funds (investment securities) and assets, etc. related to the Administration and the
Research and Development Division of the parent company.
(3) Adjustment of 317 million yen for Depreciation and amortization is depreciation and amortization of common assets thatare not allocated to each reportable segment.
(4) Adjustment of 1,671 million yen for Increase in property, plant and equipment and intangible assets is an increase incommon assets that are not allocated to each reportable segment.
3. Segment income is adjusted with operating income in consolidated statements of income.

- 20 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

(Per share information)
Previous consolidated fiscal year
(April 1, 2013 to March 31, 2014)

Current consolidated fiscal year
(April 1, 2014 to March 31, 2015)26.94 yen

(17.01) yen

Net assets per share

Net income per share or net loss per
1.01 yen(46.87) yen
share(Note) 1. Information on net income per share after full dilution for the current consolidated fiscal year was omitted, since
we posted a net loss per share, although there was potential common stock. In addition, information on net
income per share after full dilution for the previous consolidated fiscal year was omitted, since there was nopotential common stock.
2. The basis for the calculation of net assets per share is as follows:
Previous consolidated
Current consolidated
fiscal year
fiscal year
(March 31, 2014)(March 31, 2015)
Total net assets (million yen)Amounts deducted from the total net assets(million yen)(of which amounts to be paid in for sharesof class stock (million yen))(of which preferred dividends (million
yen))(of which minority interests (million yen))

19,36831,5903,828

41,401()(37,499)

()

(666)

(3,828)(3,236)

Net assets at the end of the fiscal year
15,540(9,811)attributable to common stock (million yen)
Number of common stock at the end of the fiscal
year used for calculating net assets per share
576,741
576,729(thousand shares)
3. The basis for the calculation of net income per share or net loss per share is as follows:
Previous consolidated
Current consolidated
fiscal year
fiscal year
(April 1, 2013 to(April 1, 2014 toMarch 31, 2014)
March 31, 2015)
Net income per share or net loss per share
Net income (loss) (million yen)583

(27,033)

Amount not attributable to common stockholders(million yen)
Net income (loss) attributable to common stock(million yen)
Average number of common stock during the
fiscal year (thousand shares)
Outline of potential common stock that was notincluded in the calculation of net income pershare after full dilution due to the absence ofdilutive effects.





583

(27,033)

576,749

576,734Class A share: 21,740 shares(Material subsequent events)
Not applicable- 21 -Class B share: 5,759 sharesClass C share: 10,000 shares

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

5. OtherTransfer of directors(1) Transfer of representative directors
Representative Director,
Senior Managing Executive Officer: Masaaki Yasuoka (current Senior Managing Executive Officer)
Representative Director,
Managing Executive Officer: Shuji Ueno (current Director, Managing Executive Officer)(2) Transfer of other directors
 Candidates for position of director
Director, Senior Executive Officer: Akira Enokida (current Senior Executive Officer)(Part-time) Director: Toru Hanbayashi (current (part-time) Auditor)(Part-time) Director: Katsuo Ko (current (part-time) Auditor)
 Retiring directors
Director, Senior Advisor: Kenji Yasue (new appointment: Senior Advisor)
Director, Executive Officer: Yusei Yamaguchi (new appointment: Advisor)
Director, Executive Officer: Takuro Matsunaga (new appointment: Advisor)(Part-time) Director: Shinichi Saito
 Candidates for position of auditor(Part-time) Auditor: Masanobu Obata (current Advisor)(Part-time) Auditor: Yoshito Kawachi(Part-time) Auditor: Yoshihisa Takeuchi
 Retiring auditors(Part-time) Auditor: Toshiro Yoshida (new appointment: Advisor)(Part-time) Auditor: Toru Hanbayashi(Part-time) Auditor: Katsuo Ko(3) Appointment dateJune 26, 2015

- 22 -

Unitika Ltd. (3103) Financial Report for Fiscal Year ended March 31, 2015

6. Supplementary materials(1) Results (consolidated)
Net sales
FY ended March 2014
Consolidated

Nonconsolidated

FY ended March 2015
FY ending March 2016
Comparison with prior year

Full year
Q2
Full year
Q2 (Forecast)
Full year (Forecast)
Q2 (Forecast)
Full year (Forecast)

162,686
77,623
159,126
71,000145,000(6,623)(14,126)

Operatingincome
6,799
3,123
8,916
5,000
11,3001,877
2,384(Millions of yen)
Ordinary
Net income
income
4,713
583
2,120
(21,613)
7,680(27,033)
3,600
1,000
8,800
3,000
1,480
22,613
1,120
30,033(2) Segment information (consolidated)(Millions of yen)

Net sales to outside
customers
FY ended
Component ratio (%)
March 2014
Operating income
Component ratio (%)
Net sales to outside
customers
Results for
FY ended
Component ratio (%)
current fiscal
March 2015
year
Operating income
Component ratio (%)
Net sales to outside
customers
Increase/decrease
Comparison with prior year from prior year (%)
Operating income
Increase/decrease
from prior year (%)
Net sales to outside
customers(Forecast) Component ratio (%)
Operating income
Component ratio (%)
FY ending
Net sales to outside
March 2016
customers(Forecast)
Increase/decrease
Comparison from prior year (%)
Operating income
Increase/decrease
from prior year (%)
Results forprior fiscal
year

Elimination
Consolidatedor
total
corporate

Polymers

Advanced
Materials

Fibers &Textiles

65,523

14,85568,17014,136

40.3
6,839
100.6

9.1
1,903
28.0

41.9
424
6.2

8.7
798
11.7

64,467

14,682

66,787

13,188

40.5
7,729
86.7

9.2
1,959
22.0

42.0
1,743
19.5

8.3
536
6.0

—
(3,052)(34.2)

100.0
8,916
100.0

(1,056)(173)(1,383)(948)—(3,560)

(1.6)

(1.2)

(2.0)

(6.7)

—

(2.2)

890

56

1,319

(262)

114

2,117

13.0

3.0

310.7

(32.7)

3.6

31.1

68,00015,00058,0004,000—

145,000

46.9
9,200
81.4

10.3
1,900
16.8

40.0
2,500
22.1

2.8
(500)
(4.4)

—
(1,800)(15.9)

100.0
11,300
100.0

3,533

318

(8,787)(9,188)—(14,126)

5.5

2.2(13.2)(69.7)

—

(8.9)

1,471

(59)

757

(1,036)

1,252

2,384

19.0

(3.0)

43.4

—

(41.0)

26.7

Other

—

162,686—(3,166)(46.6)
—

100.0
6,799
100.0
159,126(3) Capital expenditures, Depreciation (Property, plant and equipment), R&D expenditures, Interest-bearing liabilities,
Financial account balance, Number of permanent employees (consolidated)(¥ million, persons)

FY ended March 2013 Full year
FY ended March 2014 Full year
FY ended March 2015 Full year

InterestDepreciation
bearing
Capital(Property,
R&D
liabilities
expenditures
plant andexpenditures(end of fiscal
equipment)
year)
6,095
5,480
4,345
166,521
4,995
4,936
3,881
164,552
4,808
4,715
3,940
133,903

Financialaccountbalance(2,808)(2,768)(2,446)

Number ofpermanent
employees(persons)
4,534
4,513
4,458

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

FY ended March 2013 Full year
FY ended March 2014 Full year
FY ended March 2015 Full year

Cash flow fromoperating activities

Cash flow frominvestment activities

16,040
6,839
6,080(4,404)(4,103)(145)- 23 -Cash and cash
equivalents at end of
fiscal year
(7,432)
19,636(3,053)
19,5575,870
31,708Cash flow fromfinancing activities