Overview
Textiles and Apparels

UNITIKA LTD.

UNITIKA Ltd. is a diversified materials manufacturer operating across three core segments: Polymer (nylon and polyester films, nylon and polyester resins, polyarylate resins), Functional Materials (glass fiber products, activated carbon fiber, nonwoven fabrics), and Textiles (yarns, woven fabrics, and secondary textile products). The company serves a broad range of industrial and consumer markets, supplying packaging films, engineering plastics, and technical textiles to customers in Japan and internationally. Its competitive strengths lie in vertically integrated production capabilities and a global supply network spanning Asia and Europe.

Market Cap
¥69.2B
US$441M
EV
¥78.4B
US$500M
Stock¥1,200▼-5.44%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.2
x
LTM EV/EBIT
6.6
x
LTM PER
3.3
x
LTM PBR
1.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+472.8%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 11, 25Seiren textile business restructuring plan
2Jan 30, 26Details of ¥17bn business transfer disclosed
3Feb 12, 26¥3bn textile business sale to Shikibow
MC → EV Bridge
69.2BUS$441MMarket Cap57.3BUS$365M+ Debt45.2BUS$288M− Cash3.12BUS$19.9M− Inv. Sec.0.27BUS$1.72M+ NCI78.4BUS$500MEV
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Performance & Balance
Revenue 5Y (¥B)
115US$732M'22/3118US$752M'23/3118US$755M'24/3126US$806M'25/3119US$756M'26/3
EBITDA 5Y (¥B)
11.3US$71.8M'22/36.75US$43.0M'23/33.66US$23.4M'24/311.1US$70.7M'25/313.9US$88.8M'26/3
Net Income 5Y (¥B)
2.22US$14.2M'22/30.10US$0.65M'23/3-5.44-US$34.7M'24/3-24.3-US$155M'25/318.2US$116M'26/3
Capital Structure
50%
50%
EquityD/E 1.00xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
21.4US$137M94.3US$602M'22/313.2US$83.9M93.8US$598M'23/314.4US$91.7M93.9US$599M'24/316.5US$105M93.5US$596M'25/350.8US$324M57.3US$365M'26/3
Shareholders
Top 10 hold 74.6%
1
Regional Economy Vitalization Corporation of Japan
66.70%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
2.99%
3
MUFG Bank, Ltd.
1.34%
4
STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Mizuho Bank, Ltd.)
0.80%
5
UNITIKA LTD. Employee Stock Ownership Association
0.56%
6
Nomura Securities Co., Ltd.
0.49%
7
Daido Life Insurance Company
0.46%
8
Custody Bank of Japan, Ltd. (Trust Account)
0.45%
9
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
0.39%
10
GOVERNMENT OF NORWAY (Standing Proxy: Citibank, N.A., Tokyo Branch)
0.38%
Management
11 officers
Minoru FUJII
Representative Director, President and Executive Officer; in charge of Internal Audit Office and Technology Division
Apr 1987 Joined the Company Mar 2008 General Manager, Nylon Fiber Manufacturing Department, Production & Development Division, Unitika Fiber Ltd. Oct 2009 General Manager, Manufacturing Department, Tarui Plant, Unitika Glass Fiber Co., Ltd. Jul 2012 Plant Manager, Tarui Plant, Unitika Glass Fiber Co., Ltd.; General Manager, Tarui Office, the Company Sep 2017 General Manager, Glass Fiber Business Operations Office, Glass Fiber Business Division, Functional Materials Business Division, the Company Apr 2018 Executive Officer; Deputy General Manager, Glass Fiber Business Division; General Manager, Glass Fiber Business Operations Office Oct 2018 Executive Officer; Deputy General Manager, Glass Fiber Business Division; General Manager, Glass Fiber Business Operations Office; General Manager, Functional Materials Planning & Administration Department Apr 2019 Executive Officer; General Manager, Glass Fiber Business Division Apr 2020 Executive Officer; General Manager, Glass Fiber Business Division; Representative Director, President, Unitika Glass Fiber Co., Ltd. Apr 2022 Senior Executive Officer; General Manager, Glass Fiber Business Division; Representative Director, President, Unitika Glass Fiber Co., Ltd. Apr 2023 Senior Executive Officer; General Manager, Technology Development Division and Production Management Division Oct 2023 Senior Executive Officer; General Manager, Technology Division Apr 2025 Representative Director, President and Executive Officer (current)
1961-09-08
Toshimi KASHIWAGI
Representative Director, Executive Vice President and Executive Officer; in charge of Structural Reform Promotion Office and General Affairs & Human Resources Department
Apr 2000 Joined Daiwa Securities Co. Ltd. Feb 2010 Joined Enterprise Turnaround Initiative Corporation of Japan (currently Regional Economy Vitalization Corporation of Japan) Aug 2011 Executive Officer; General Manager, Production & Distribution Division, Yamagiwa Corporation Oct 2015 Director; General Manager, Management Planning Division, Kabenoana Co., Ltd. Jan 2018 Managing Director, Regional Economy Vitalization Corporation of Japan Mar 2019 Outside Director, Senshukai Co., Ltd. Sep 2021 Outside Director, Iwai Co., Ltd. Dec 2021 Executive Officer; Managing Director, Regional Economy Vitalization Corporation of Japan (current) Apr 2025 Representative Director, Executive Vice President and Executive Officer, the Company Jun 2026 Director, the Company (current)
1977-10-27
Shuichi MISU
Director, Managing Executive Officer; in charge of Accounting Department, Legal & Compliance Department and IT Systems Department
Apr 1991 Joined The Sanwa Bank, Ltd. (currently MUFG Bank, Ltd.) May 2019 General Manager, Credit Management Division, MUFG NICOS Co., Ltd. Apr 2020 Deputy General Manager, Corporate Planning Division, MUFG NICOS Co., Ltd. Jun 2021 Executive Officer; Deputy General Manager, Corporate Planning Division, MUFG NICOS Co., Ltd. Jul 2023 Executive Officer; Deputy General Manager, Corporate Planning Division; in charge of Corporate Credit Examination Department; General Manager, Corporate Credit Examination Department, MUFG NICOS Co., Ltd. Apr 2024 Joined the Company; Executive Officer; in charge of Accounting Department and IT Systems Department Apr 2025 Director, Managing Executive Officer, the Company (current)
1969-03-18
Eiji KOBAYASHI
Director, Managing Executive Officer; in charge of Textile Segment, Corporate Planning Department, IR & PR Office, and Related Business Office of Functional Materials Division
Apr 2004 Joined Shoko Chukin Bank, Ltd. (currently Shoko Chukin Bank, Ltd.) May 2007 Joined Lisa Partners Co., Ltd. Jan 2010 Joined Gordon Brothers Japan, Ltd. Apr 2013 Joined Deloitte Tohmatsu Financial Advisory Co., Ltd. (currently Deloitte Tohmatsu LLC) Sep 2014 Joined Regional Economy Vitalization Corporation of Japan Oct 2018 Joined Idera Capital Management Ltd. May 2019 Joined Shoko Chukin Bank, Ltd. Oct 2020 Joined Regional Economy Vitalization Corporation of Japan Apr 2022 Director, Regional Economy Vitalization Corporation of Japan Apr 2025 Director, Managing Executive Officer, the Company (current) Jun 2025 Senior Director, Regional Economy Vitalization Corporation of Japan (current)
1981-11-28
Shinji FUJIMOTO
Director, Managing Executive Officer; in charge of Polymer Segment, Glass Fiber Business, ACF Business, Glass Beads Business, Purchasing & Logistics Department and Global Planning Office
Apr 2007 Joined Arthur D. Little Japan, Inc. Jul 2011 Joined Fuji Xerox Co., Ltd. (currently FUJIFILM Business Innovation Corp.) Mar 2016 Joined PwC Advisory LLC Apr 2019 Joined Japan Investment Adviser Co., Ltd. Sep 2020 Joined Regional Economy Vitalization Corporation of Japan Jun 2024 Senior Director, Regional Economy Vitalization Corporation of Japan Apr 2025 Director, Managing Executive Officer, the Company Jun 2026 Managing Director, Regional Economy Vitalization Corporation of Japan (current)
1976-05-12
Minoru FURUKAWA
Director (Non-Executive)
Apr 1966 Joined Hitachi Zosen Corporation (currently Kanadevia Corporation) Apr 2005 Representative Director, President, Hitachi Zosen Corporation Jun 2010 Representative Director, Chairman and President, Hitachi Zosen Corporation Apr 2013 Representative Director, Chairman and CEO, Hitachi Zosen Corporation Apr 2016 Representative Director, Chairman, Hitachi Zosen Corporation Jun 2016 Outside Director, The Ikeda Senshu Bank, Ltd. Apr 2017 Director, Senior Advisor, Hitachi Zosen Corporation (currently Kanadevia Corporation) Jun 2017 Senior Advisor, Hitachi Zosen Corporation Jun 2017 Outside Director, Ikeda Senshu Holdings, Inc. Jun 2017 Non-Executive Director, The Ikeda Senshu Bank, Ltd. Jun 2017 Director, the Company (current)
1943-06-13
Michiko ISHIKAWA
Director (Non-Executive)
Apr 2004 Lecturer, Research Institute for Economics and Business Administration, Kobe University Apr 2005 COE Researcher, Graduate School of Natural Science and Technology, Kobe University Apr 2007 Specially Appointed Lecturer, Faculty of Economics, Kindai University Apr 2009 Lecturer, Faculty of Economics, Kindai University Apr 2010 Associate Professor, Department of Economics, Faculty of Economics, Konan University Apr 2016 Professor, Department of Economics, Faculty of Economics, Konan University (current) Jun 2021 Director, the Company (current) Apr 2023 Dean, Faculty of Economics, Konan University Apr 2023 Trustee, Konan Gakuen (current)
1971-04-26
Keiko HORINO
Director (Non-Executive)
Oct 2005 Registered as attorney-at-law; joined Kitahama Law Office (currently Kitahama Law Office LPC) Jan 2013 Partner, Kitahama Law Office / Foreign Law Joint Enterprise (currently Kitahama Law Office LPC) (current) May 2021 Outside Director, Medical Ichiko Group Co., Ltd. (current) Jan 2023 Outside Director, OBC Systems Co., Ltd. (current) Apr 2025 Director, the Company (current)
1981-08-13
Shinsuke NAKANO
Audit & Supervisory Board Member (Full-time)
Apr 2009 Joined Resona Bank, Limited Apr 2012 Joined Deloitte Tohmatsu LLC (Tohmatsu LLC) May 2016 Registered as Certified Public Accountant Oct 2017 Seconded to Deloitte Tohmatsu Financial Advisory LLC (currently Deloitte Tohmatsu LLC) Jan 2021 Joined Regional Economy Vitalization Corporation of Japan Jun 2023 Senior Manager, Regional Economy Vitalization Corporation of Japan Apr 2025 Audit & Supervisory Board Member, the Company Jun 2026 Director, Regional Economy Vitalization Corporation of Japan (current) Jun 2026 Director, Senior Executive Officer, the Company (current)
1985-01-31
Makoto SANO
Audit & Supervisory Board Member (Non-Executive)
Jul 2013 Director, Fukuchiyama Tax Office Jul 2014 Director, Public Relations and Public Hearing Office, General Affairs Department, Osaka Regional Taxation Bureau Jul 2015 Section Chief, Second Personnel Section, General Affairs Department, Osaka Regional Taxation Bureau Jul 2016 Section Chief, First Personnel Section, General Affairs Department, Osaka Regional Taxation Bureau Jul 2018 Deputy Director, First Investigation Department, Osaka Regional Taxation Bureau Jul 2019 Director, Second Taxation Department, Osaka Regional Taxation Bureau Aug 2020 Registered as Certified Tax Accountant; Principal, Makoto Sano Tax Accountant Office (current) Feb 2022 Outside Audit & Supervisory Board Member, Koshinsei Co., Ltd. (current) Jun 2023 Audit & Supervisory Board Member, the Company (current) Mar 2024 Outside Audit & Supervisory Board Member, Unicafe Inc. (current) Oct 2024 Joint Representative, Tokiwa Accounting Corporation (current)
1959-05-30
Kenichi MURASE
Audit & Supervisory Board Member (Non-Executive)
Apr 1996 Registered as attorney-at-law (Osaka Bar Association); joined Yamaguchi Kenichi Law Office Apr 2002 Established Ikeda Daiichi Law Office; Managing Attorney (current) Apr 2021 Vice President, Osaka Bar Association Apr 2023 Special Professor, Kyoto University Law School (current) Jun 2025 Audit & Supervisory Board Member, the Company (current)
1968-07-17
Large Shareholding Reports
Regional Economy Vitalization Corporation of Japan
2026-05-12
66.67%→88.89%
Annual report (as of 2026-03-31): 66.70%
Goldman Sachs International
2026-03-06
5.04%→3.08%
Goldman Sachs International
2025-12-05
5.04%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-12
Large Shareholding Report
EDINET
2026-03-06
Large Shareholding Report
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-05
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-06
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-06
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2024-06-25
Amended Annual Securities Report
Period: Apr 2018 – Mar 2019
EDINETAmended
2024-06-25
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINETAmended
2024-06-25
Amended Annual Securities Report
Period: Apr 2020 – Mar 2021
EDINETAmended
2024-06-25
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
EDINETAmended
2024-06-25
Amended Annual Securities Report
Period: Apr 2019 – Mar 2020
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINETAmended
2021-07-09
Amended Annual Securities Report
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