Source disclosure: February 26, 2026, 16:00 JST
UNITIKA LTD. [3103.T]
TOKYO, Feb 26 (Pulse News Wire) – Unitika Ltd. (3103.T) resolved to dissolve its subsidiary, Nihon Ester Kabushiki Kaisha, during a board meeting held.
The decision follows the completion of a business transfer through a spin-off and sale of assets, which was part of a previously disclosed corporate revitalization plan supported by the Regional Economy Activation Support Organization. Nihon Ester Kabushiki Kaisha was established on April 1, 1966, and had a capital of ¥4 billion. It engaged in manufacturing, processing, and selling various textiles and chemical products.
As of the latest fiscal year ending March 2025, the company reported net assets of ¥547 million, revenue of ¥13.95 billion, operating profit of ¥144 million, ordinary profit of ¥22 million, and net profit of --¥6.022 billion. A special loss of ¥500 million related to the evaluation of associated company shares and a provision for bad debts amounting to ¥6.600 billion will be recognized in the individual financial statements for the fiscal year ending March 2026. However, these losses will offset in the consolidated financial results.
While the impact on the group's performance for the same period is expected to be minor, Unitika will promptly disclose any significant future impacts.
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