Unicharm Philippines to become specified subsidiary after capital increase

Unicharm Corporation [TSE:8113] announced that Unicharm (PHILIPPINES) CORP., its consolidated subsidiary, will become a specified subsidiary following a planned capital increase. The decision aims to strengthen the Philippine subsidiary's financial foundation. As a result of the capital injection, the subsidiary's capital will exceed 10% of Unicharm Corporation's total capital, triggering the reclassification. The capital increase will be PHP 514 million (JPY 1,336 million), increasing the capital to PHP 751 million. Unicharm Corporation will maintain 100% ownership of the subsidiary after the capital increase. Unicharm (PHILIPPINES) CORP. is involved in importing and selling baby care and feminine care products. Unicharm expects the impact of the capital increase on its consolidated financial results to be negligible.