Ministry of Economy, Trade and Industry
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Authorization of a Business Restructuring Plan Submitted by Unitika Ltd. under the Industrial Competitiveness Enhancement Act

On June 27, 2014, the Ministry of Economy, Trade and Industry (METI) authorized a business restructuring plan under the Industrial Competitiveness Enhancement Act, submitted by Unitika Ltd.

In accordance with the plan, the company will proactively invest its management resources in its highly-profitable macromolecule business as well as business for the growing market in Asia by securing external funds for investment and by reforming the business portfolio, so as to achieve continuous growth of the company.

1. Authorization of the Business Restructuring Plan

METI examined the business restructuring plan submitted by Unitika pursuant to Article 24, paragraph (1) of the Industrial Competitiveness Enhancement Act. METI concluded that the company satisfied the requirements specified by said Act as an entrepreneur who is to carry out a business restructuring defined by Article 2, paragraph (11) of said Act, and authorized the plan.

Following the authorization, the company is eligible to receive a reduction of the registration and license tax required for the capital increase by the company.

2. Implementation period

From June 2014 to March 2017

3. Applicant’s profile

Name: Unitika Ltd.
Capital: 26,298.450 million yen
Representative: Kenji Yasue, president and CEO
Head Offices:
Osaka head office: 4-1-3, Kyutaromachi, Chuo Ward, Osaka
Tokyo head office: 3-4-4, Nihonbashi-muromachi, Chuo Ward, Tokyo

Reference:

For details of the Act and the related supportive measures, please visit the following website:
http://www.meti.go.jp/english/policy/economy/industrial_competitiveness_act/index.html

Release Date

June 27, 2014

Division in Charge

Textile and Clothing Division, Manufacturing Industries Bureau

Ministry of Economy, Trade and Industry
1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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