untitled

ANNUAL REPORT 28 28 3

28 3 1. 1, 35.4% 2. 11.7% 8.1% 3. 17.9% 29.3% 4. Contents 2 4 6 1 12 14 7 1 16 1 18 2 28 3 2 21 22 23 & 24 CSR 26 28 29 57 58 59

Annual Report 28 1

2728 3 28 27 28 336,864 31,88 $ 3,368,642 33,731 29,93 337,313 16,683 15,59 166,836 17,37 21,37 173,74 15,22 13,185 15,222 4,55 4,332 45,48 179,171 177,49 $ 1,791,78 275,436 268,763 2,754,36 259.39 232.31 $ 2.59 46. 44..46 28 3 311 =1 3,19 383 566 3,369 47 724 +5.1 +27.9 (% ) +22.5 +25.7 3,19 19 341 2,569 3,369 113 42 2,853 +11.1 +17.9 +3.8 (% ) 2,69 2,175 27 28 64.6 (% ) 27 28 84.7 (% ) 21.5 11.9 13.9 3.4 2 Unicharm Corporation &

% % 4, 4 16 2 7. 3, 3 12 16 5.6 12 4.2 2, 2 8 8 2.8 1, 1 4 4 1.4 24 25 26 27 28 24 25 26 27 28 24 25 26 27 28 2,41 2,461 2,74 3,19 3,369 37 12.8 273 11.1 285 1.6 299 9.9 337 1. 162 6.8 164 6.7 153 5.7 151 5. 167 5. ROE ROA % ROE ROA % 15 1.5 2 12 16 1. 9 12 6.5 8 3 4 24 25 26 27 28 24 25 26 27 28 24 25 26 27 28 13.7 7.8 12.5 7.6 1.6 6.1 9.6 5.6 1.3 6.1 1.21 1.16 1.16 1.16 1.24 141.4 175.2 185.8 189.2 191.4 1, 25,, 8, 2,, 6, 15,, 4, 1,, 2, 5,, 4 5 6 7 8 9 1 11 12 1 2 3 4 5 6 7 8 9 1 11 12 1 2 3 4 5 6 7 8 9 1 11 12 1 2 3 4 5 6 7 8 25 26 27 28 Annual Report 28 3

28 3 35 3,369 & 162,175 158724 1,194 35.4% 67 No.1 28 41% 1 4 Unicharm Corporation

Annual Report 28 5

6SAPS 4, 3, 2, 1, Q 1 A 1 28 36SAPS* 4 SAPS 3 3,36912% 33713% 199 42% 35%12%29% 24 25 26 27 28 2,41 2,461 2,74 3,19 3,369 3 41 ScheduleActionPerform Spiral 6 Unicharm Corporation

Q 2 A 2 6 4 % 16 7 1 3 12 Q 3 28 4 1 2 1 8 4 A 3 1 No.11% 3 4, 24 25 26 27 28 37 273 285 299 12.8 11.1 1.6 9.9 337 1. 214 1, 1 GDP 1,3, No.1 21 3% 3%6% 211% Annual Report 28 7

Q 4 A 4 1 35 28 21 14 7 24 25 26 27 28 292 278 291 3 348 38 138 129 29 246 195 137 137 213 167 1 1 3 Q 5 A 5 8 Unicharm Corporation

1/2 1 1, No.1 7,5 5, Q 6 A 6 2,5 24 25 26 27 28 1,74 1,927 2,92 2,834 2,947 5,324 4,973 5,999 4,999 % 6 5% 4 2 13 21 69 4,999 28 32 1 46 2 29 3 1 54 8 24 25 26 27 28 43.5 11.8 46.2 58.7 47.7 1.7 11.8 14. 18.9 17.7 Annual Report 28 9

1 Unicharm Corporation

1963 198 28 36 5.1%27.9% 25.7%1984 M&A 198419871997 199525 26LG 3,5 3, 2,5 2, 1,5 1, 5 1999 2 21 22 23 24 25 26 27 28 Annual Report 28 11

1, 35% 1 1 1 121% 137% 17% 25 26 27 28 SCA 25 26 27 28 25 26 27 28 1 1 1 131% 126 % 13 % 26 27 28 25 26 27 28 25 26 27 28 12 Unicharm Corporation

1984 No.1 No.1 28 33 1,19424%35% 1984 1987 1993 Gulf Hygienic Industries 1993 1994 1995 1997 1997 1% 22 25 Gulf Hygienic Industries 26 LG 27 1% 1,2 12 % 12 1, 1 1 8 8 8 6 6 6 4 4 4 2 2 2 25 26 27 28 25 26 27 28 Annual Report 28 13

第 7 次中期経営計画 グローバル 1 計画 世界シェア 1% を目指す ユニ チャームはさらなる飛躍を目指して 今期 新中期経営計画 グローバル 1 計画 を策定しました グローバル 1 計画 では 世界の吸収体製品事業で世界シェアを現在の 6% から 1% まで引き上げ グローバルメーカーとして確固たる地位を築きます 世界の吸収体製品市場とユニ チャームの取り組み 東ヨーロッパ 西ヨーロッパ アジア,1 9億円,7 26億円 9,62億円 ヨーロッパ 北米においては ジョイントベンチャー ライセンス事業を強化 直接進出国 輸出販売国 ライセンス商品販売国 11 の国と地域で展開 No.1のシェア 中東 北アフリカは 輸出ビジネスで拡大 アフリカ 中東 2,62億円 を拡大 オーストラリア ニュージーランド 61億円 ベビーケア フェミニンケア ヘルスケア 14 Unicharm Corporation

1 21 3 27 3 4, 21 4 1, 7,6 1 1. 2. 3. 2. 3. 1. 3, 98 Annual Report 28 15

1 1 1 Republic of Indonesia 189 km25 2.2226 Jakarta 1.1 28 6 5 111 4 2 2 2 2 2 2 2 2 2 16 Unicharm Corporation

3 3 3 3 3 27 12 4 Annual Report 28 17

1/2 1/2 CO2 3 FCL Kiyora 18 Unicharm Corporation

& Annual Report 28 19

2 Unicharm Corporation

FCL 1/1 3 Annual Report 28 21

22 Unicharm Corporation

& 3 4 3 ZERO- Annual Report 28 23

CSR CSR CSR 28 3 CSR 28 3 CSR CSR CSR CSR 4 CSR CSR CSR CSR SAPS 24 Unicharm Corporation

CO2 = CO2 28 67 1/2CO2 CO2 CO2 CO2 CO2 3,4t 287 CO2 COJ CO2 CO2 CO2 28 6 528 7 1 Annual Report 28 25

No.1 7 1 16 1999 28 914 55 42 2 4 2 28 4 26 Unicharm Corporation

26 4 2 1 2 15 3 25The Unicharm Way 2 2 5 CSR C SR C SR Annual Report 28 27

28 9 1 216 28 9 1 28 Unicharm Corporation

6 23 24 25 26 27 28 223,169 24,11 246,51 27,38 31,88 336,864 123,883 132,74 137,341 153,264 173,239 196,13 12,879 16,24 16,382 15,288 15,59 16,683 5.8% 6.8% 6.7% 5.7% 5.% 5.% 1 185.29 24.26 244.25 229.34 232.31 259.39 1 24. 28. 3. 32. 44. 46. 187,988 29,2 215,365 25,355 268,763 275,436 71,9 77,36 72,799 77,111 86,725 86,463 1,71 1,557 345 677 1,739 1,452 113,137 123,79 137,697 151,183 177,49 179,171 6.2% 59.2% 63.9% 6.4% 6.% 58.9% 11.6% 12.8% 11.1% 1.6% 9.9% 1.% 5.8% 6.8% 6.7% 5.7% 5.% 5.% 44.5% 45.% 44.2% 43.3% 42.6% 41.8% 32.9% 32.2% 33.1% 32.8% 32.7% 31.8% ROE 11.6% 13.7% 12.5% 1.6% 9.6% 1.3% ROA 6.9% 7.8% 7.6% 6.1% 5.6% 6.1% Contents 29 6 3 34 36 37 38 4 56 Annual Report 28 29

24 2 28 3 3,19 11.6 3,369 16 5.1 2,175 64.6 1 2 FCL CM 27.9 7242.821.5 244 1,194 35.4 27 28 26,891 217,474 56,645 72,422 38,343 46,968 31,88 336,864 28 3 1,7322291,961 57.4.8 58.2 9.41,47 8.4 1,7 % % 4, 4 16 4 3, 3 12 32 24 2, 2 8 16 1, 1 4 8 24 25 26 27 28 24 25 26 27 28 24 25 26 27 28 2,41 2,461 2,74 3,19 3,369 37 12.8 273 11.1 285 1.6 29 9.9 337 1. 32.2 33.1 32.5 32.7 31.7 3 Unicharm Corporation

37318.9 31.8 43 245 299 12.7 337 9.91..1 1 18 9 1 3 12 9.7% 319 11 125 25 18 1 1.81671 259 39 27 8 28 3672,754 219873 7358 2383 24 11 1935 36 2865 821,456 43 42 395 31293 23 25 754 71824 3632 71 631 25138 315 2 2, % 7 16 1,6 65 12 1,2 6 8 8 55 4 4 5 24 25 26 27 28 24 25 26 27 28 45 162 164 153 151 167 1,237 59.2 1,377 1,512 1,77 1,792 63.9 6.4 6.8 58.9 Annual Report 28 31

14 61 22 25 1381,543 25 1.2211,792.9 65.. 28 3213 39 174 134 1615 17 453 28319 18 15 3 11 3258 11 793712 174 28 18 18126 38 5 29 219873 7 1 1. 32 Unicharm Corporation

2. 3. 7. CO2 8. 4. 5. 9. 6. Annual Report 28 33

282726 3 31 1 28 27 26 28 87,318 65,449 67,649 $ 873,179 3 5,796 13,112 12,744 57,957 38,288 38,12 33,16 382,878 (83) (71) (68) (832) 4 19,3 2,376 16,177 192,997 12 3,525 2,639 2,642 35,248 3,67 3,71 2,68 36,83 157,751 142,588 134,984 1,577,51 56 9,715 9,975 1,143 97,153 6 53,976 52,382 49,24 539,753 145,595 137,364 12,522 1,455,949 6 6,171 5,951 5,28 61,714 4,176 4,332 3,425 41,76 219,633 21,5 188,574 2,196,329 (133,17) (123,28) (111,463) (1,331,696) 86,463 86,725 77,111 864,633 3 2,255 29,517 29,519 22,545 16 87 81 1,58 2,542 2,725 2,677 25,424 6 1,99 1,177 1,322 1,989 14 126 266 1,38 12 424 4,245 512 223 223 227 2,226 8 4,913 3,852 2,854 49,125 1,748 1,916 1,885 17,491 (192) (173) (571) (1,924) 31,222 39,45 38,26 312,217 275,436 268,763 25,355 $ 2,754,36 34 Unicharm Corporation

1 28 27 26 28 7 3,243 6,856 8,614 $ 32,433 1 7 184 126 63 1,842 63,142 56,31 49,665 631,425 868 519 759 8,681 12 6,696 3,48 6,723 66,963 7,192 8,11 6,15 71,916 1,18 69 716 11,75 82,433 75,371 72,645 824,335 7 1,452 1,739 677 14,517 8 6,16 7,484 6,877 61,56 1,99 1,989 1,962 19,89 12 2,515 4,742 2,476 25,147 1,85 389 231 18,58 13,832 16,343 12,223 138,317 14 1516 918 28275,926,364 27275,926,364 26275,926,364 28 68,981,591 27 68,981,591 26 68,981,591 15,993 15,993 15,993 159,927 18,591 18,591 18,591 185,99 154,332 14,547 128,17 1,543,316 5 (324) (324) (33) (3,243) 3 1,91 6,96 6,289 19,11 (46) 5 (452) (75) 2,514 (362) (752) 285,248,33274,556,375 263,611,19 (28,129) (23,12) (17,15) (281,292) 162,252 161,166 151,183 1,622,514 16,919 15,883 14,34 169,194 179,171 177,49 151,183 1,791,78 275,436 268,763 25,355 $2,754,36 Annual Report 28 35

282726 3 31 1 28 27 26 28 336,864 31,88 27,38 $3,368,642 13 196,13 173,239 153,264 1,961,3 14,734 128,641 117,116 1,47,342 11 1319 17,3 98,711 88,585 1,7,29 33,731 29,93 28,531 337,313 1,24 853 494 1,243 (457) (413) (35) (4,574) (1,24) 338 518 (12,396) 8 8 6 (1,574) (1,221) (1,21) (15,744) 19 41 (48) 631 4,93 (1,837) (851) 36 (18,378) 31,894 29,79 28,567 318,935 12 12,59 1,62 11,14 125,92 (127) 1,89 451 (1,268) 12,382 11,952 11,465 123,824 2,828 2,68 1,814 28,275 16,684 15,59 15,288 $ 166,836 (281) 28 27 26 28 12.r.16 259.39 232.31 229.34 $2.59 259.31 232.17 229. 2.59 46. 44. 32..46 36 Unicharm Corporation

282726 3 31 25 4 1 66,472,14 15,993 18,591 114,411 3,934 (39) (2,799) (12,124) 137,697 137,697 15,288 15,288 15,288 1 31 (2,43) (2,43) (2,43) (19) (19) (19) 2.a 539 539 539 5 21 (21) 2,355 2,355 2,355 2,437 2,437 2,437 (1,11,739) (4,981) (4,981) (4,981) 26 3 31 65,37,41 15,993 18,591 128,17 6,289 (33) (362) (17,15) 151,183 151,183 2.i 14,34 14,34 15,59 15,59 15,59 1 38 (2,463) (2,463) (2,463) (15) (15) (15) 5 (6) 6 9 (945,185) (6,15) (6,15) (6,15) 671 5 2,876 3,552 1,579 5,131 27 3 31 64,425,216 15,993 18,591 14,547 6,96 5 (324) 2,514 (23,12) 161,166 15,883 177,49 16,684 16,684 16,684 1 45 (2,899) (2,899) (2,899) 9 (691,928) (5,9) (5,9) (5,9) (5,5) (51) (2,589) (7,69) 1,36 (6,654) 28 3 31 63,733,288 15,993 18,591 154,332 1,91 (46) (324) (75) (28,129) 162,252 16,919 179,171 1 27 3 31 $159,927 $185,99 $1,45,471 $ 69,68 $ 48 $(3,243) $ 25,139 $(231,199) $1,611,66 $158,833 $1,77,493 166,836 166,836 166,836 1.32 (28,991) (28,991) (28,991) 9 (5,93) (5,93) (5,93) (5,57) (5) (25,891) (76,898) 1,361 (66,537) 28 3 31 $159,927 $185,99 $1,543,316 $ 19,11 $(452) $(3,243) $ (752) $(281,292) $1,622,514 $169,194 $1,791,78 Annual Report 28 37

282726 3 31 1 28 27 26 28 31,894 29,79 28,567 $ 318,935 (8,893) (13,79) (7,192) (88,929) 15,22 13,185 13,63 15,222 (18) 381 853 (1,8) 78 792 935 7,798 (295) (4,851) (2,389) (2,954) 1,76 (3,957) (1,821) 1,764 5,76 2,577 3,442 57,599 1,38 5,92 2,772 13,79 281 (1,163) (239) (1,625) (11,626) 13,415 (721) 8,322 134,153 45,39 28,358 36,889 453,88 79,329 99,428 4,299 793,288 151 568 418 1,51 (71,28) (95,689) (47,559) (712,78) (17,37) (21,37) (13,69) (173,74) (2,83) (3,13) (3,858) (28,297) (575) (4,214) 2,54 136 4,654 25,4 (76) (763) 46 462 2,93 (673) 123 688 (6,729) (1,91) (2,329) (2,251) (1,911) 35,218 8,29 16,638 $ 352,177 38 Unicharm Corporation

1 28 27 26 28 35,218 8,29 16,638 $ 352,177 (3,774) (2,5) 1,689 (37,743) 35 1,177 35 3,54 (126) (65) (1,258) (1,263) (2,93) (2,461) (2,49) (29,31) 965 (132) (5,9) (6,15) (4,981) (5,93) (1,78) (932) (488) (1,779) (12,585) (1,796) (6,219) (125,855) (764) 567 499 (7,637) 21,869 (2,2) 1,918 218,685 2.a 372 65,449 67,649 56,359 654,494 87,318 65,449 67,649 $ 873,179 Unicharm Gulf Hygienic Industries Ltd. 2.a 4,214 7,275 2,711 (3,873) (1,667) 4,446 (232) 4,214 Annual Report 28 39

282726 3 31 1. 25 12 26 5 1 28 2726 28 3 31 1 1 2. a. 242726 2624 251 1Unicharm Gulf Hygienic Industries Ltd. 26 UNI-CHARM (VIETNAM) Co., Ltd. 27 2 27261 9 1 12 31 27 262255 26 3 2 25 12 Gulf Hygienic Industries Ltd. 51 5 2 b. 3 c. d. e. 1 2 f. 1998 4 1 26 22 22 4 Unicharm Corporation

g. 5 h. i. 27 6 27 6 28 3 j. 25 12 9 26 5 1 27 3 31 k. 25 11 29 26 5 1 27 3 28 3 27 328 3 174 1,746 n. o. p. l. m. 25 3 31 q. a b Annual Report 28 41

r. 1 28 364,318,15527 364,821,9726 365,775,16 1 1 s. 26 7 5 9 28 4 1 27 3 3 13 1993 6 17 28 4 1 27 4 1 26 5 17 18 1 2 3 1 2 3 4 5 6 28 4 1 3. 2827 26 3 31 28 27 26 28 1 5,796 13,112 12,734 $ 57,957 5,796 13,112 12,744 $ 57,957 11,913 18,39 14,236 $119,132 2, 2, 2, 2, 6,342 9,28 13,283 63,413 2,255 29,517 29,519 $22,545 42 Unicharm Corporation

2827 26 3 31 28 28 7,786 6,258 2,131 11,913 $ 77,86 $62,578 $21,36 $119,132 8,699 895 7,84 86,99 8,948 78,42 2, 129 1,871 2, 1,287 18,713 18,485 6,258 3,155 21,588 $184,85 $62,578 $31,541 $215,887 27 26 5,485 12,832 8 18,39 2,477 11,76 1 14,236 13,225 2 1,63 12,164 14,662 1 1,133 13,53 2, 88 1,912 1 1 2,71 12,834 1,159 32,385 17,149 11,761 1,134 27,776 2827 26 3 31 28 27 26 28 274 274 379 $ 2,739 1,6 3,84 3,18 1,61 2,799 6,798 11, 29,988 4,333 1,156 14,487 $43,328 282726 6,77 6,776,15 2,37 2841 414 27 88 2688 1 28 3 31 1 2,797 2,999 $27,969 $29,988 15 886 8,863 51 1 4,121 2, 41,21 2, 7,84 4,999 $78,42 $49,988 4. 2827 26 3 31 28 27 26 28 1,168 11,515 9,188 $11,674 317 323 328 3,172 7,627 7,457 6,36 76,273 1,188 1,81 625 11,878 19,3 2,376 16,177 $192,997 Annual Report 28 43

5. 1998 3 31 1999 3 31 21 3 31 21 3 31 28 3 31 516 6. 26 3 31 281 4.3%2827 7. 2827 26 3 31 28 2726 3 31 4.1%5.3% 4.16.62.33. 2827 26 3 31 28 27 26 28 212272.%6.9% 262.%6.8% 252.%2.3% 1,636 1,865 74 $16,359 1,636 1,865 74 16,359 1 (184) (126) (63) (1,842) 1 1,452 1,739 677 $14,517 28 3 31 5 29 184 $ 1,842 21 595 5,954 211 329 3,284 212 442 4,42 213 86 859 1,636 $16,359 44 Unicharm Corporation

8. 27 4 1 2726 3 1,198 1,136 2.i.27 6 1,131 11,312 28 3 272625 3 31 1,198 1,153 1,136 1,178 2827 26 3 31 28 27 26 28 21,464 2,824 19,287 $ 214,636 (16,39) (17,414) (15,242) (163,87) (3,771) (642) (67) (37,79) (191) (334) (488) (1,99) 4,913 3,852 2,854 49,125 6,16 6,286 5,741 $ 61,56 2827 26 3 31 28 27 26 28 1,468 1,458 1,439 $14,676 416 386 358 4,165 (522) (457) (334) (5,224) 261 24 461 2,61 143 43 159 1,432 1,766 2,3 2,83 $17,659 2827 26 3 31 28 27 26 2.% 2.% 2.% 3.% 3.% 3.% 1 1 1 5 5 5 Annual Report 28 45

9. 26 5 1 26 5 1 26 5 1 a 1 23 42 1 3 b 25% 1% c 1. 1 28 3 31 23 6 27 1 23 1 1 * 23 1 26 7 23 6 533,6 ** 26 6 3 28 6 3 1,32 713 17*** 24 6 29 11 24 1 1 * 24 1 27 7 24 2 692,1 ** 27 6 3 29 6 3 1,166 1,184 126*** 46 Unicharm Corporation

22 6 24 3 22 1 1 **** 22 1 24 7 22 169 718, 24 6 3 28 6 3 * 8,2 ** *** **** 2 23 24 22 28 3 31 27 3 31 533,6 692,1 7,2 9,5 28 3 31 526,4 682,6 27 3 31 38, 22, 28 3 31 16, 5,731 5,72 3 ($57) ($57) ($3) 5,261 ($53) 3 27 3 31 23 6 27 9 23 1 1 * 23 1 26 7 23 6 533,6 ** 26 6 3 28 6 3 1,66 737 77*** 24 6 29 1 24 1 1 * 24 1 27 7 24 2 692,1 ** 27 6 3 29 6 3 1,22 1,232 86*** Annual Report 28 47

22 6 24 3 22 1 1 **** 22 1 24 7 22 169 718, 24 6 3 28 6 3 * 8,2 ** *** **** 4 23 24 22 27 3 31 26 3 31 544,6 75,7 (11,) (13,6) 27 3 31 533,6 692,1 26 3 31 16, 122, 27 3 31 38, 5,731 5,72 3 ($48) ($48) ($2) 4,565 ($38) 11. 2827 26 3 31 28 27 26 28 37,28 31,735 27,688 $ 372,8 1,519 1,116 9,2 15,189 17,977 17,28 15,214 179,775 11,276 1,877 9,776 112,765 1,613 1,282 1,444 16,129 28,338 27,421 25,461 283,371 17,3 98,711 88,585 $1,7,29 48 Unicharm Corporation

12. 2827 26 3 31 4.7% 282726 3 31 28 27 26 28 1,149 1,144 1,114 $ 11,491 514 516 547 5,136 1,175 54 543 11,745 137 78 55 1,37 552 422 383 5,53 (21) 3,527 2,643 2,642 35,272 1,6 1,6 1,35 1,61 2,678 2,755 1,578 26,783 76 66 137 763 138 168 85 1,379 313 964 984 3,125 (339) (187) (3,386) 3,926 4,826 4,584 39,265 2 4 2 24 2 4 24 1,32 4,788 4,32 13,22 2,668 2,315 1,466 26,681 1,999 1,579 19,994 3 886 1,292 29 6,17 9,568 7,6 6,167 3,525 2,639 2,642 $ 35,248 424 $ 4,245 (2,515) (4,742) (2,476) $(25,147) 223 223 227 $ 2,226 27 26 3 31 5% 13. 282726 3 31 4,55 45,484,332 4,18 Annual Report 28 49

14. 2827 26 3 31 348 3,477 35 359 17 1,72129 174 282726 3 31 28 27 26 28 371 325 975 $3,714 195 81 879 1,953 176 244 96 $1,761 282726 3 31 28 27 26 28 1 11 94 84 $1,8 1 75 15 12 753 176 244 96 $1,761 2827 26 3 31 17 1,72129 174 28 3 31 1 2 $23 1 2 $23 15. 282726 3 31 282726 3 31 27 26 4, 1 1 6, 27 27 669 669 5 Unicharm Corporation

16. 28 3 31 85 $847 17. 1 2827 26 3 311 28 3 31 EPS 1 16,684 64,318 259.39 $2.59 (5) 1 16,679 64,318 259.31 $2.59 27 3 31 EPS 1 15,59 64,821 232.31 (8) 1 15,51 64,821 232.17 26 3 31 EPS 1 15,288 65,775 229.34 (22) 1 15,266 65,775 229. 18. 28 5 26 1 23.23 1,466 $14,659 19. 2827 26 3 31 a. 2. 1. 44.5 34.5 28 27 26 28 2 6 11 $22 Annual Report 28 51

b..71.5 97.8 28 27 26 28 25 24 2 $248 c. 1% 28 27 26 2,581 834 2. 1 a. 28 A B C 285,325 4,224 11,315 336,864 3 4 (7) 285,328 4,224 11,319 (7) 336,864 257,753 35,86 1,413 (119) 33,133 27,575 5,138 96 112 33,731 b. 28 A B C 168,9 23,85 27,773 55,723 275,436 14,321 44 28 15,41 16,425 815 13 17,37 A B C a. 28 A B C $2,853,253 $42,243 $113,146 $ $3,368,642 24 42 (66) 2,853,277 42,243 113,188 (66) 3,368,642 2,577,528 35,86 14,132 (1,191) 3,31,329 $ 275,749 $ 51,383 $ 9,56 $ 1,125 $ 337,313 b. 28 A B C $1,68,91 $238,55 $277,723 $557,231 $2,754,36 143,214 4,4 2,794 15,48 164,248 8,147 1,39 173,74 52 Unicharm Corporation

a. 27 A B C 256,872 34,15 1,93 31,88 66 4 (7) 256,938 34,15 1,97 (7) 31,88 232,244 3,13 9,754 (178) 271,95 24,694 3,975 1,153 18 29,93 b. 27 A B C 165,143 19,962 26,125 57,533 268,763 12,811 351 269 13,431 2,496 422 389 21,37 a. 26 A B C 228,884 3,361 11,135 27,38 6 4 (64) 228,944 3,361 11,139 (64) 27,38 25,57 26,952 9,991 (151) 241,849 23,887 3,49 1,148 87 28,531 b. 26 A B C 145,35 17,578 26,912 6,515 25,355 12,46 332 271 13,63 281 281 12,96 569 134 13,69 Annual Report 28 53

2 a. 28 217,474 72,422 46,968 336,864 9,725 2,67 (12,395) 227,199 75,92 46,968 (12,395) 336,864 23,176 66,594 45,762 (12,399) 33,133 24,23 8,498 1,26 4 33,731 b. 28 137,958 52,366 29,759 55,353 275,436 a. 28 $2,174,747 $724,217 $469,678 $ $3,368,642 97,241 26,74 (123,945) 2,271,988 75,921 469,678 (123,945) 3,368,642 2,31,757 665,942 457,616 (123,986) 3,31,329 $ 24,231 $ 84,979 $ 12,62 $ 41 $ 337,313 b. 28 $1,379,58 $523,656 $297,587 $553,537 $2,754,36 a. 27 26,891 56,645 38,344 31,88 1,98 2,334 (13,314) 217,871 58,979 38,344 (13,314) 31,88 194,7 53,919 37,378 (13,417) 271,95 23,81 5,6 966 13 29,93 b. 27 129,48 49,125 28,649 61,59 268,763 54 Unicharm Corporation

a. 26 21,651 43,22 25,527 27,38 4,851 2,55 (7,356) 26,52 45,77 25,527 (7,356) 27,38 181,81 42578 24,87 (7,49) 241,849 24,692 3,129 657 53 28,531 b. 26 121,38 35,492 21,373 72,182 25,355 3 2827 26 3 31124,39 1,243,9598,13 72,25 Annual Report 28 55

282726 3 31 28 3 313 2827 26 3 3128 3 313 1 28 6 25 56 Unicharm Corporation

28 3 31 % 1 1 1 1 39 51 53 Uni-Charm (Thailand) Co., Ltd. 94 75 98 1 LG Unicharm Co., Ltd. 51 PT Uni-Charm Indonesia 74 Uni-Charm Corporation Sdn. Bhd. 1 Uni-Charm (Vietnam) Co., Ltd. 1 Uni-Charm (Philippines) Corporation 97 Uni-Charm Mönlycke B.V. 2 6 Unicharm Gulf Hygienic Industries Ltd. 51 6 % 25 2 Annual Report 28 57

28 3 31 28 3 31 1976 8 28 6 25 1 275,926,364 68,981,591 13-25 1,132 12 4 1 12,368 17.93% 3,418 4.96 3,12 4.52 2,381 3.45 1,934 2.81 1,92 2.79 1,763 2.56 1,699 2.46 1,537 2.23 1,23 1.78 28 2 45911 69,6 4,999,944, 26 78 25 78 24 7 23 9 23 1 22 2 21 3 1999 7 1998 8 45911 943, 5,999,992, 2113 12 1,1,4,972,89, 2,116,6 5,49UFJ 211 5,33 999, 2114,5 1,5, 3,4 964,3 4,9 921, 24 3 6,128 5,21 1,724,289 58 Unicharm Corporation

28 9 1 182 18-8575 3-5-27 1961 2 1 15,993 967 6,461 28 3 31 IR 18-8575 3-5-27 Te l : 3-6722-119 Fax : 3-6722-116 IR http://www.unicharm.co.jp/ http://www.unicharm.co.jp/girls/ http://www.babytown.jp/ http://www.premama.jp/ http://www.nyoucare.jp/ http://www.carenavi.jp/ http://www.rakuten.ne.jp/gold/unicharm/ Annual Report 28 59

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