TOKYO, Apr 27 (Pulse News Wire) – Unitika Ltd. (3103.T) announced today that its subsidiary, Thati Unitika Spunbond Co., Ltd.
(TUSCO), will be dissolved following a resolution made during a board meeting held. The decision comes as part of the company's ongoing business revitalization plan initiated in November 2024 with support from the Regional Economic Activation Support Corporation. TUSCO, which was established in April 1997 and had a capital of ¥681 million Thai baht, specializes in manufacturing and selling spunbond products. Its operations were transferred on January 30, 2026.
Recent financial performance shows TUSCO’s total assets stood at approximately ¥1.2 billion Thai baht in fiscal year 2025, down from ¥1.4 billion Thai baht in fiscal year 2024. Sales revenue declined from ¥1.3 billion Thai baht in fiscal year 2024 to ¥1.1 billion Thai baht in fiscal year 2025. Operating profit also decreased from ¥116 million Thai baht in fiscal year 2024 to ¥41.56 million Thai baht in fiscal year 2025. Unitika expects the dissolution to have a minor impact on its consolidated results but will promptly inform stakeholders if significant effects arise.
The formal dissolution process will commence upon completion of necessary legal procedures according to local laws.
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