TOKYO, Apr 06 (Pulse News Wire) – Unitika Ltd. (3103.T) announced today that its wholly-owned subsidiary, UTC Trading Co., Ltd., has decided to dissolve its Beijing-based subsidiary, Uniica (Beijing) Trade Co., Ltd., effective immediately following approval by the board of directors.
Uniica (Beijing) Trade Co., Ltd., established on November 29, 2002, operates in Beijing's Dongcheng District. It specializes in custom production and export-import of textile products and industrial materials. As of December 30, 2025, its operations were transferred. The subsidiary had a capital of 2,800 yuan and was fully owned by UTC Trading Co., Ltd.
In recent years, the company reported revenues of ¥2.6 million yuan in 2022, ¥2.687 billion yuan in 2023, and 2¥504 million yuan in 2024. Operating profits stood at ¥94 million yuan in 2022, ¥106 million yuan in 2023, and ¥45 million yuan in 2024. Regarding the impact on consolidated performance, Unitika anticipates a minor effect. However, should significant adverse effects arise, the company pledges to promptly inform stakeholders.
The dissolution process will follow local legal procedures and conclude upon completion of necessary formalities.
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