Unitika's interim operating profit surges amid restructuring efforts

Unitika Ltd. announced its interim results for the fiscal year ending March 2026, reporting consolidated net sales of JPY 62.1 billion, a modest increase of JPY 0.6 billion year-on-year. Operating profit saw a significant surge, reaching JPY 5.6 billion, up JPY 3.4 billion from the previous year. This improvement was attributed to a review of unprofitable sales, product price revisions, cost reduction measures, and strong sales of high-profit products. However, the company reported a net loss attributable to parent company shareholders of JPY 3.5 billion, due to JPY 7.6 billion in structural reform costs related to business transfer agreements.

Looking ahead, Unitika projects full-year consolidated net sales of JPY 110 billion and an operating profit of JPY 7.5 billion for the fiscal year ending March 2026. The company's business regeneration plan is progressing as scheduled, with a focus on prioritizing the transfer of employment and technology. Key initiatives include the sale of Emblem Asia Unit 4, switching polyester chip procurement to external sources, optimizing logistics for cost reduction, and enhancing profitability through high value-added products in next-generation energy and electronic materials.