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ユニチカ---大幅反発、繊維事業からの撤退報道が伝わる

Unichika - Significant rebound as reports of withdrawal from the textile business emerge.

Fisco Japan ·  Nov 28, 2024 10:21

Unitika <3103> has rebounded significantly. Reports have emerged about the withdrawal from its textile business. In addition to its core clothing textile operations, the company is reportedly withdrawing from most of its functional materials businesses such as non-woven fabrics and industrial textiles, which are said to account for 40% of its revenue. It seems that the company is looking for a buyer by the end of the fiscal year ending March 2026. In order to rebuild its management, it has sought financial support from its major trade banks, and it has been reported that Mitsubishi UFJ Bank and others are likely to agree to a debt waiver in the range of 30-40 billion yen. The company acknowledges that it is indeed considering the withdrawal from unprofitable businesses within its textile operations as part of its structural reform measures.

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