Member of Financial Accounting Standards Foundation

Financial Results for the 2nd Quarter of the Fiscal Year Ending March 31, 2024
November 9, 2023
Listed stock exchanges: Tokyo Stock Exchange
Company name: Unitika Ltd.
Code number: 3103
URL: https://www.unitika.co.jp/e/home.htm
Representative: Shuji Ueno, President and Chief Executive Officer
Contact: Masumi Fujimoto, General Manager of Accounting Department
TEL: +81-6-6281-5721
Expected submission of quarterly report: November 13, 2023
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, 2024 (April 1, 2023 to September 30, 2023)(1) Consolidated performance (accumulation)(Percentages represent changes from same period in previous year.)Net sales

Operating profit
%
(1.8)
6.5

Millions of yen

Q2 of FY ending March 31, 2024
Q2 of FY ended March 31, 2023

(Note) Comprehensive income

58,02959,105%
(55.4)

Millions of yen(1,792)
1,514

Quarterly profit
attributable to owners ofparentOrdinary profit
Millions of yen

88
3,887

%
(97.7)
33.1

Millions of yen

(409)
2,909

%

31.4

Q2 of FY ending March 31, 2024: (769) million yen [%]Q2 of FY ended March 31, 2023: 3,390 million yen [4.0%]
Quarterly profit per share

Diluted quarterly profit per share
Yen

23.32

Yen
(9.55)
47.83

Q2 of FY ending March 31, 2024
Q2 of FY ended March 31, 2023

(2) Consolidated financial situation
Total assets
Q2 of FY ending March 31, 2024
FY ended March 31, 2023

(Reference) Shareholders’ equity

Net assets

Millions of yen
192,580
190,003

Capital adequacy ratio

Millions of yen
42,86543,918

%
21.4
22.2

2nd quarter of fiscal year ending March 31, 2024: 41,183 million yen
Fiscal year ended March 31, 2023: 42,110 million yen

2. Dividend payment
Annual dividend per share
End of Q1

End of Q2

FY ended March 31, 2023
FY ending March 31, 2024

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, 2024 (forecast)(Note) Revision of the latest dividend forecast: None
(Note) The abovementioned Dividend payment refers to dividends paid to the holders of common stock. For details of dividend payment
to the holders of class shares (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, 2024 (April 1, 2023 to March 31, 2024)(Percentages represent changes from same period in previous year.)Net sales

FY ending March 31, 2024

Operating profit

Profit attributable toowners of parent

Ordinary profit

Profit per
share

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

120,000

1.7(2,400)(1,400)

(2,200)(43.07)(Note) Revision of the latest forecasts of operational results: Yes

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, 2024: 57,752,343 sharesFiscal year ended March 31, 2023: 57,752,343 shares Number of treasury stocks at end of term:
2nd quarter of the fiscal year ending March 31, 2024: 96,773 sharesFiscal year ended March 31, 2023: 96,504 shares Average number of shares outstanding during the term (quarterly consolidated accumulated period):
2nd quarter of the fiscal year ending March 31, 2024: 57,655,702 shares
2nd quarter of the fiscal year ended March 31, 2023: 57,656,445 shares* This brief report of quarterly financial statements is not subject to audit procedures by a certified public accountant or an independent
auditor.
* 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.
(Method to obtain the supplementary documents for quarterly financial results)
The Company plans to hold a conference call for institutional investors and securities analysts for quarterly financial results on Wednesday, November
22, 2023. It plans to post the supplementary documents for quarterly financial results to be used in this investor conference call on its website.

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, 2023
FY ending March 31, 2024

Yen
—
—

End of Q2
Yen
0.00
0.00

FY ending March 31, 2024 (forecast)Class B share
FY ended March 31, 2023
FY ending March 31, 2024
FY ending March 31, 2024 (forecast)End of Q3
Yen

—
—

Yen
0.00
0.00

Total

Yen
12,000.00

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

Year end

YenUnitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2024

 Table of contents for the attachment
1. Qualitative Information on Quarterly Results................................................................................................... 2(1) Explanation of operational results ................................................................................................................ 2(2) Explanation of financial position ................................................................................................................. 3(3) Explanation of future forecast information including forecast of consolidated performance ...................... 3
2. Quarterly Consolidated Financial Statements and Main Notes ........................................................................ 4(1) Quarterly consolidated balance sheets ......................................................................................................... 4(2) Quarterly consolidated statements of income and quarterly consolidated statements ofcomprehensive income ................................................................................................................................ 6
Quarterly consolidated statements of income
Six-month period ended September 30, 2023 ......................................................................................... 6
Quarterly consolidated statements of comprehensive income
Six-month period ended September 30, 2023 ......................................................................................... 7(3) Quarterly consolidated statements of cash flows ......................................................................................... 8(4) Notes on quarterly consolidated financial statements .................................................................................. 9(Notes on assumption of going concern) ..................................................................................................... 9(Notes on significant changes in shareholders’ equity) ............................................................................... 9(Segment information, etc.) ......................................................................................................................... 9
3. Supplementary Materials ................................................................................................................................ 10- 1 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2024

1. Qualitative Information on Quarterly Results(1) Explanation of operational results
During the first six-month period of the consolidated fiscal year under review (April 1, 2023 to September 30, 2023),
looking at the domestic economy, the manufacturing industry showed signs of a pickup, including a recovery in thenumber of cars manufactured, and demand in the service industry, such as tourism services, continued to be strong,
supported by a rise in the number of inbound tourists to Japan. On the other hand, prices increased in Japan due tosoaring energy costs and the negative impact of the yen’s depreciation, halting a recovery in consumer sentiment.
In addition, consumer demand was weak in overseas markets, such as China and Europe. Consequently, the outlookof the Japanese economy remained uncertain.
Under these circumstances, the Unitika Group announced “G-STEP30, 2nd,” a new medium-term management plan,in May 2023 and implemented measures consisting of “Rebuilding a business portfolio,” “Promotion of the global
business,” and “Improvement of business foundation,” the basic policies of the new medium-term management plan.
Meanwhile, in the first six-month period of the consolidated fiscal year, the Unitika Group reported net sales of
58,029 million yen (down 1.8% year on year) owing to a fall in demand caused by the deterioration of businesssentiment.
The Group posted an operating loss of 1,792 million yen (versus an operating profit of 1,514 million yen in theprevious year) since profitability worsened due to the impact of a rise in production cost caused by continuing highraw material and fuel prices and a weaker yen as well as a decline in sales. Furthermore, as the Group recorded aforeign-exchange valuation gain of assets denominated in foreign currencies due to further depreciation of the yen,ordinary profit decreased to 88 million yen (down 97.7% year on year) and loss attributable to owners of parent
amounted to 409 million yen (versus profit attributable to owners of parent of 2,909 million yen in the previousyear).
Here is an overview of the business results by segment.
The Unitika Group changed its reporting segment of some consolidated subsidiaries in the first quarter of the current
consolidated fiscal year. Therefore, the Group reported financial results for the corresponding year-earlier period
after being retrospectively restated based on the segment classification after the change for comparison purposes.
For details, please refer to 2. Quarterly Consolidated Financial Statements and Main Notes (4) Notes on quarterly
consolidated financial statements (Segment information, etc.).
[Polymers Segment]
In the Polymers Segment, net sales increased but profit decreased. Despite the price revisions to cope with raw
material and fuel prices that remained at a high level, profitability deteriorated since sales volume declined in many
applications, resulting in a fall in production volume.
In the Films business, sales decreased both in the packaging application and the industrial application. In the
packaging application, sales of “EMBLEM-HG,” a barrier nylon film, grew steadily, although inventory adjustment
continued in the supply chain due to a fall in sales of food products. In the industrial application, sales ofsemiconductor-related products declined due to a cutback in semiconductor production. In the overseas business,
profitability fell because business sentiment worsened in China and other countries and sales competition intensified
against the backdrop of sluggish demand. Accordingly, the Films business saw both net sales and profit decrease.
In the Plastics business, sales for automobile component applications hit bottom along with a recovery in automobile
production. However, sales for electronic component applications decreased due to sluggish demand for final
products. Accordingly, the Plastics business saw both net sales and profit decline.
Meanwhile, the Company’s overseas sales company, which belongs to the Polymers Segment, saw sales grow dueto an increase in sales of film products, etc.
Consequently, the Polymers Segment posted an operating profit of 94 million yen (down 95.9% year on year) on
net sales of 26,021 million yen (up 3.2% year on year).
[Performance Materials Segment]
In the Performance Materials Segment, sales decreased in various applications. The segment saw both net sales andoperating profit decline and accordingly posted an operating loss. This was because increases in cost caused by bothraw material and fuel prices that were stuck at a high level and a decline in production volume exceeded the effectsof the price revision.
In the Activated Carbon Fibers business, sales for mainstay water purifier applications slightly decreased in Japan,
and sales in the environmental application also declined due to a fall in capacity utilization in electronic component
plants.
In the Glass Fibers business, sales in the industrial materials application were robust. However, sales of IC cloth in
the electronic materials application declined drastically due to a sluggish semiconductor market. Profitability
deteriorated since the sales decrease resulted in a fall in capacity utilization at its plant.
In the Glass Beads business, sales for road applications decreased due to a fall in the number of projects associatedwith bad weather. Sales for both industrial and retro-reflective material applications also declined due to a drop in
end users’ demand.
In the Non-woven Fabrics business, sales for infrastructure materials applications steadily grew, but sales for the
daily product applications, such as filters and skin care, decreased. Furthermore, profitability worsened since thebusiness failed to make up for the negative impact of continuing high raw material and fuel prices with the- 2 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2024

contribution of price revisions.
In the Industrial Fibers business, sales of polyester staple fibers, etc. recovered, although some products were stillin an inventory adjustment phase. Profitability deteriorated since raw material and fuel prices remained high.
Consequently, the Performance Materials Segment posted an operating loss of 1,416 million yen (versus an
operating profit of 134 million yen in the previous year) on net sales of 16,493 million yen (down 7.1% year onyear).
[Fibers and Textiles Segment]
In the Garments, Lifestyle Materials and Bedding business, sales in the uniform application, a mainstay of thisbusiness, recovered. Furthermore, sales were generally robust in the sustainable textile application, but sales forindustrial materials applications and overseas sales were poor. Operating loss greatly decreased from the previous
year since the business saw profitability improve further as a result of efforts not only to revise its product prices
but also to reduce costs, such as SGA expenses, to cope with a rise in production costs, including the surge of raw
material and fuel prices and the negative impact of the weaker yen.
Consequently, the Fibers & Textiles Segment posted an operating loss of 445 million yen (versus an operating lossof 906 million yen in the previous year) on net sales of 15,488 million yen (down 3.7% year on year).
[Others]
The Others category posted an operating loss of 42 million yen (versus an operating loss of 26 million yen in theprevious year) on net sales of 26 million yen (down 35.2% year on year).
(2) Explanation of financial position
Total assets increased by 2,576 million yen from the end of the previous consolidated year to 192,580 million yen
mainly due to a rise in cash and deposits and property, plant and equipment. Liabilities grew by 3,629 million yen
from the end of the previous consolidated year to 149,714 million yen. This was primarily due to an increase inother current liabilities and other non-current liabilities despite a decline in short-term borrowings. Net assets
diminished by 1,052 million yen from the end of the previous consolidated year to 42,865 million yen. This was
mainly due to a decrease in retained earnings caused by the posting of loss attributable to owners of parent.
Here is a summary of the cash flow situation.
(Net cash provided by [used in] operating activities)
Net cash provided by operating activities amounted to 4,902 million yen during the first six-month period of thecurrent consolidated fiscal year (51 million yen provided in the same period of the previous consolidated fiscal
year) due to a decrease in inventories despite the posting of a loss before income taxes.
(Net cash provided by [used in] investing activities)
Net cash used in investing activities amounted to 3,134 million yen during the first six-month period of the current
consolidated fiscal year (4,543 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 provided by financing activities amounted to 29 million yen during the first six-month period of thecurrent consolidated fiscal year (670 million yen used in the same period of the previous consolidated fiscal year)
due to proceeds from sale and leaseback transactions despite repayment of borrowings.
As a result, cash and cash equivalents at the end of the second quarter of the consolidated fiscal year under review
increased by 2,040 million yen from the end of the previous consolidated fiscal year to 11,652 million yen.
(3) Explanation of future forecast information including forecast of consolidated performance
Concerning the forecast of consolidated performance for the fiscal year ending March 31, 2024, please refer to theCompany’s notice announced on November 9, 2023, “Notice Concerning Posting of Non-Operating Income(Foreign Exchange Gains), Difference between Forecasted and Actual Performances for the First Six-Month Periodof the Fiscal Year Ending March 31, 2024, and Revision of Consolidated Performance for the Full Fiscal Year.”- 3 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2024

2. Quarterly Consolidated Financial Statements and Main Notes(1) Quarterly consolidated balance sheets

Previous consolidated
fiscal year
(March 31, 2023)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade, andcontract assets
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 -(Unit: Millions of yen)Q2 of current consolidated
fiscal year ending March 2024
(September 30, 2023)

10,548

12,61923,104

23,62635,7395,506(53)
74,84534,7764,353(54)
75,321

25,99662,605
19,711
108,31327,99962,73019,490110,221

2,171
2,171

2,174
2,174

4,783
(110)
4,673
115,158
190,003

4,983
(120)
4,862
117,258
192,580

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2024

(Unit: Millions of yen)Q2 of current consolidated
fiscal year ending March 2024
(September 30, 2023)

Previous consolidated
fiscal year
(March 31, 2023)
Liabilities
Current liabilities
Notes and accounts payable – trade
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
A product repair reserve fund
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assets- 5 -15,269
4,124
2,643
202
1,554
35
9,147
32,977

16,183
3,095
2,637
370
1,537
35
11,18235,042

86,671
14,375
12,060113,107
146,085

86,801
14,54813,321
114,671
149,714100
11,476
27,467(57)
38,986100
11,476
26,774(57)
38,293

544

758

4
6,244
(3,452)
(217)

9
6,244
(3,965)
(158)

3,123

2,889

1,808
43,918190,003

1,682
42,865
192,580

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2024

(2) Quarterly consolidated statements of income and quarterly consolidated statements of comprehensive income(Quarterly consolidated statements of income)(Six-month period ended September 30, 2023)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit (loss)
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using
equity method
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
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
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Business restructuring expenses
Total extraordinary losses
Profit (loss) before income taxes
Income taxes – current
Income taxes – deferred
Total income taxes
Profit (loss)
Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to owners of parent

Six-month period
ended September 30, 2022
(April 1, 2022 toSeptember 30, 2022)
59,10546,275
12,82911,315
1,514(Unit: Millions of yen)Six-month period
ended September 30, 2023
(April 1, 2023 to
September 30, 2023)
58,02949,0908,938
10,731(1,792)

22
37

27
40

—

9

2,791
267
3,117

2,354
160
2,593

509

486

9

—

225
744
3,887

225
712
88

- 6 -

0

—

—

0

10
10

452
6
458
3,429
508
28
537
2,891
(17)
2,909

232
75
308
(209)
336
14
351
(561)
(152)
(409)

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2024

(Quarterly consolidated statements of comprehensive income)(Six-month period ended September 30, 2023)

Profit (loss)
Other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net oftax
Total other comprehensive income
Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable to owners ofparentComprehensive income attributable to noncontrolling interests

Six-month period ended
September 30, 2022
(April 1, 2022 toSeptember 30, 2022)
2,891(Unit: Millions of yen)Six-month period ended
September 30, 2023
(April 1, 2023 to
September 30, 2023)
(561)

(46)

213

5
415

5
(487)

123

59

498
3,390

(208)
(769)

3,283

(643)

106

(125)

- 7 -

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2024

(3) Quarterly consolidated statements of cash flows

Six-month period ended
September 30, 2022
(April 1, 2022 toSeptember 30, 2022)
Cash flows from operating activities
Profit (loss) before income taxes
Depreciation
Business restructuring expenses
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in retirement benefit liability
Increase (decrease) in a product repair reserve fund
Increase (decrease) in other provisions
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on disposal of non-current assets
Loss (gain) on sales of non-current assets
Loss (gain) on sales of investment securities
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Other, net
SubtotalInterest and dividends received
Interest 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
Payments for retirement 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 borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Dividends paid
Proceeds from sale and leaseback transactions
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 -(Unit: Millions of yen)Six-month period ended
September 30, 2023
(April 1, 2023 to
September 30, 2023)

3,429
2,522
6
(10)
377
(0)
(28)
509
(2,791)
452
(0)

(209)
2,956
75
10
196
(0)
(17)
486
(2,354)
232

—

(10)
(357)
1,213
664
2,291
5,178
68
(511)
166
4,902

(93)
(3,356)
488
(586)
919
59
(516)
(410)
51
30
(5)
—

(3,940)
0
(304)
(323)
(4,543)1,000
46(1,371)
(302)
—

(42)
(670)
575
(4,586)
18,415
13,828

—

15
(6)
14
(2,706)
9
(177)
(283)
(3,134)(1,223)
1,453(1,329)
(283)
1,604
(191)
29
243
2,040
9,612
11,652

Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2024

(4) Notes on quarterly consolidated financial statements(Notes on assumption of going concern)
Not applicable(Notes on significant changes in shareholders’ equity)
Not applicable(Segment information, etc.)[Segment Information]
I. Six-month period ended September 30, 2022 (April 1, 2022 to September 30, 2022)
1. Information on net sales, income or loss by reportable segment(Unit: Millions of yen)
Reportable segment

Polymers

Performance
Materials

Fibers &Textiles

Total

Other
(Note 1)

Total

Amount posted in
Quarterly
Adjustment
consolidated(Note 2)statements ofincome(Note 3)

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

25,226

17,762

16,07559,064

41

59,105

—

3,035

926

68

4,030

—

4,030

(4,030)—Total

28,261

18,68916,14363,094

41

63,136(4,030)59,105

59,105

2,301
134
(906)
1,529
(26)
1,503
10
1,514
Segment income (loss)(Notes) 1. The Other segment includes business segments that are not included in reportable segments.
2. Adjustment for Segment income (loss) is attributable to the elimination of inter-segment transactions and the adjustment of
inventories.
3. Segment income (loss) is adjusted with operating profit in consolidated statements of income.

II. Six-month period ended September 30, 2023 (April 1, 2023 to September 30, 2023)
1. Information on net sales, income or loss by reportable segment(Unit: Millions of yen)
Reportable segment

Polymers

Performance Fibers &Materials
TextilesNet sales
Net sales to outside customers
Inter-segment sales or transfer

26,021
2,561

872

Total

28,582

17,366

16,493

15,488

Total

Other
(Note 1)58,002

26

58

3,492

15,546

61,495

Total

Amount posted in
Quarterly
Adjustment
consolidated(Note 2)statements ofincome(Note 3)58,029—58,029—3,492(3,492)—

26

61,522(3,492)58,02994(1,416)(445)(1,767)(42) (1,809)
16(1,792)
Segment income (loss)(Notes) 1. The Other segment includes business segments that are not included in reportable segments.
2. Adjustment for Segment income (loss) is attributable to the elimination of inter-segment transactions and the adjustment of
inventories.
3. Segment income (loss) is adjusted with operating loss in consolidated statements of income.

2. Items concerning a change in reportable segments, etc.
As the Unitika Group reviewed the classification of businesses in the first quarter of the current consolidated
fiscal year, it changed the reporting segment of some consolidated subsidiaries from “Polymers” to “Fibers& Textiles.”Accordingly, the Group reported segment information for the corresponding year-earlier period after being
retrospectively restated based on the segment classification after the change.

- 9 -Unitika Ltd. (3103)

Financial results for 2nd quarter of fiscal year ending March 31, 2024

3. Supplementary Materials
1. Results and earnings forecast for fiscal year ending March 2024 (consolidated)(Millions of yen)
FY ended March2022
FY ended March2023
FY ending March
2024
Comparison withprevious year

Consolidated

Net sales

OperatingprofitOrdinary
profitProfit attributableto owners of parent

Full year

114,713

6,005

6,399

2,223

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

59,105
117,942
58,029120,000(1,075)
2,057

1,514
1,327
(1,792)(2,400)(3,307)(3,727)

3,887
1,069
88
(1,400)(3,799)(2,469)

2,909
102
(409)
(2,200)(3,318)(2,302)

2. Segment information (consolidated)(Millions of yen)
Performance
Polymers Materials Fibers & Textiles

Results forprevious
fiscal year

Results for
current
fiscal year

1st six-month
period ended
September
2022(Results)
1st six-month
period ended
September
2023(Results)

Comparison with the same
period of the previous year

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

Consolidated
total

Other Adjustment

25,226

17,762

16,075

41

—

42.7
2,301
152.0

30.1
134
8.9

27.2
(906)
(59.9)

0.1
(26)
(1.7)

—

26,021

16,493

15,48826—

58,029

44.8
94
(5.3)

28.4
(1,416)
79.0

26.7
(445)
24.8

0.0
(42)
2.4

—

100.0
(1,792)100.0

794(1,269)

(586)

(14)

—

(1,075)

3.2

(7.1)

(3.7) (35.2)

—

(1.8)

Operating profit(2,207)(1,551)

Increase/decrease fromprevious year (%)(95.9)—

Increase/decrease fromprevious year (%)

461—

59,105
100.0
1,514
100.0

10
0.7

16
(0.9)

(16)

6

—

59.5

(3,307)—

3. Capital investment, Depreciation (Property, plant and equipment), R&D expenditures, Interest-bearing liabilities,
Financial account balance, Number of permanent employees (consolidated)(Millions of yen, persons)Capitalinvestment
FY ended
March 2022
1st six-month
period ended
September 2022
FY ended
March 2023
1st six-month
period ended
September 2023

Depreciation(Property,
plant andequipment)

R&D
expenditures

Interest-bearing
Financialliabilities (endaccount balanceof fiscal year)

Number ofpermanent
employees(persons)

Full year

7,614

4,672

3,601

93,890(1,002)

3,037

Q2

3,787

2,140

1,818

93,565

(449)

3,036

Full year

7,641

4,729

3,757

93,440

(952)

2,944

Q2

3,366

2,654

1,835

92,533

(418)

2,940

4. Cash flow (consolidated)(Millions of yen)
FY ended
March 2022
1st six-month
period ended
September 2022
FY ended
March 2023
1st six-month
period ended
September 2023

Cash flow fromoperating activities

Cash flow frominvesting activities

Cash flow fromfinancing activities

8,666(8,989)(4,212)

18,415Q2

51(4,543)(670)

13,828Full year509(8,092)(1,657)

9,612

4,902

(3,134)29

11,652

Full yearQ2- 10 -Cash and cash equivalents
at end of fiscal year