TOKYO, Apr 06 (Pulse News Wire) – Unitika Ltd. (3103.T) announced today that its subsidiary, Unitika Trading Vietnam Co., Ltd., was dissolved during a board meeting held.
The decision follows the implementation of a business revitalization plan initiated in November 2024 with support from the Regional Economic Activation Support Corporation. Unitika Trading Vietnam Co., Ltd. was established in 2022 and had been engaged in manufacturing, importing, exporting, and selling textile products until December 2025 when its operations were transferred. As of December 2025, the company's capital stood at ¥7.57296 million Vietnamese dong (VND). The parent company, Unitika Trading Co., Ltd.
(UTC), holds 100% voting rights in the dissolved entity and has appointed two directors. Financial highlights show that the company reported net assets of ¥576 million, ¥609 million, and ¥582 million for fiscal years ending December 2022, 2023, and 2024, respectively. Revenue decreased from ¥1.124 billion in 2022 to ¥1.084 billion in 2024, while operating profit declined from ¥62 million to ¥10 million over the same period. Regarding the dissolution process, Unitika Ltd. stated that it will follow local legal procedures and promptly inform stakeholders once the liquidation is completed.
The impact on consolidated performance is expected to be minor but will be communicated immediately should significant changes arise.
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