Unitika announced plans to hold an extraordinary general meeting of shareholders on 31 October to dissolve its wholly owned subsidiary 大阪染工, and said liquidation is expected to be completed by 30 September 2027. Part of 大阪染工's site will be transferred to Suntory, generating an expected gain of approximately ¥19.4 billion.
Unitika resolved to dissolve its wholly owned subsidiary 大阪染工, which handles dyeing and finishing, with the formal dissolution to be decided at the extraordinary general meeting of shareholders on 31 October. Liquidation is scheduled for completion on 30 September 2027. These steps are positioned as part of Unitika's restructuring plan. The company has reiterated that the sale of the land and factory had already been planned. 大阪染工's head office plant is located next to Suntory's Yamazaki Distillery, and the companies previously had a relationship involving the supply of steam.
大阪染工's revenue for the fiscal year ending March 2026 was approximately ¥1.479 billion, while its operating loss was ¥420 million and net income improved substantially to approximately ¥13.319 billion. Net assets, which had been negative in the fiscal year ended March 2025, stood at ¥10.851 billion, and the company paid a dividend of ¥8,800 per share. Unitika itself also recognized a ¥23.7 billion gain on the sale of fixed assets as an extraordinary gain in its consolidated results for the fiscal year ending March 2026, with the gain on the land sale reportedly accounting for most of that amount.