Summary of Consolidated Financial Results
for the Year Ended March 31, 2018
(Based on Japanese GAAP)May 11, 2018
Company name:
Stock exchange listing:Stock code:
Representative:
Inquiries:

CMK CORPORATIONTokyo6958
URL http://www.cmk-corp.com/
President and Chief Executive Officer
Isao Osawa
Administration Division
Akihiro Okabe
Accounting Department General Manager

Scheduled date of ordinary general meeting of shareholders:
Scheduled date to file Securities Report:
Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:
Holding of financial results meeting:

TEL03-5323-0231

June 28, 2018
June 28, 2018
June 29, 2018
YesYes（Amounts less than one million yen are rounded down）

1. Consolidated financial results for the year ended March 31, 2018 (from April 1, 2017 to March 31, 2018)(1) Consolidated Operating Results(Percentages indicate year-on-year changes)
Profit attributable toOperating income
Ordinary income
owners of parent

Net sales％

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen

Year ended March 31, 2018
86,894
15.3
4,266
60.9
3,917
49.0
3,638
69.0
Year ended March 31, 2017
75,370
3.1
2,652
594.9
2,628
2,153
―
―(Note) Comprehensive income:Year ended March 31, 2018 4,751 million yen (208.9 %) Year ended March 31, 2017 1,538 million yen (―%)
Diluted net income
Ordinary
Operating income/Net income per share
Net income/equity
per share
income/total assets
net sales
Yen

Yen%

Year ended March 31, 2018
61.46
7.2
―
Year ended March 31, 2017
36.38
4.5
―(Reference) Equity in earnings of affiliated companies
Year ended March 31, 2018 ―million yen
Year ended March 31, 2017 ―million yen%%4.12.94.9
3.5(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen％

Yen

95,072
93,74855,892
51,54955.2
51.5

886.84815.14As of March 31, 2018
As of March 31, 2017
(Reference) Shareholder’s equity:

As of March 31, 2018 52,498 million yen

As of March 31, 2017

48,255 million yen(3) Consolidated cash flows
Cash flows
from operating activities

Cash flows
from investing activities

Millions of yen

Millions of yen

Millions of yen

Millions of yen

5,520
5,226

△6,821△3,159△4,943△426

16,32722,671

Year ended March 31, 2018Year ended March 31, 2017

Cash flows
Cash and cash equivalentsfrom financing activities
at end of period

2．Cash dividends

Yen

Yen

Millions of yen%

Ratio ofdividends tonet assets(Consolidated)
%

0.00
6.50
―
―
Year ended March 31, 2017
0.00
10.00
―
―
Year ended March 31, 2018――――Year ending March 31, 2019 (forecast)(Note) Payment of dividends for the year ending March 31, 2019 is not yet determined.

6.50
10.00
―384
591

17.9
16.3

0.8
1.2

Annual dividends per share
1st
2nd
3rd
quarter-end quarter-end quarter-end
Yen

Yen

Yen

Fiscalyear-end

Total cash
dividends(Total)

Total

Dividend
payout ratio(Consolidated)―

3．Forecast of consolidated financial results for the year ending March 31, 2019 (from April 1, 2018 to March 31, 2019)
Net sales
Full year

Operating income(Percentages indicate year-on-year changes)
Profit attributable toOrdinary income
Net income per shareowners of parent

Millions of yen％

Millions of yen％

Millions of yen％

90,0003.64,000△6.23,700△5.5-1-％Yen

3,000 △17.5

50.68

Millions of yen

※Notes(1)

Changes in significant subsidiaries during the year ended March 31, 2018
(Changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements:
1)

Changes in accounting policies due to revisions to accounting standards and other regulations:No

2)

Changes in accounting policies due to other reasons:

No

3)

Changes in accounting estimates:

Yes

4)

Restatement of prior period financial statements:

No(3 ) Number of issued shares（common shares）
1)

Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2018

63,060,164shares

As of March 31, 2017

63,060,164 shares

As of March 31, 2017

3,861,494 sharesYear ended March 31, 201759,199,031 shares

2) Number of treasury shares at the end of the period
As of March 31, 2018

3,862,573shares

3) Average number of shares during the period
Year ended March 31, 201859,198,049shares(Reference) Summary of Non-consolidated Financial Statement

Non-consolidated financial results for the year ended March 31, 2018 (from April 1, 2017 to March 31, 2018)(1) Non-consolidated Operating Results(Percentages indicate year-on-year changes)

Net sales

Operating income

Ordinary income

Net income

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen％

49,631
46,664

6.4
5.5

1,302
370

251.7
―

2,483
1,314

88.9
―

2,693
1,325

103.2
―

Year ended March 31, 2018Year ended March 31, 2017

Diluted net income pershare

Net income per share
Yen

Year ended March 31, 2018Year ended March 31, 201745.5022.39

Yen

――

(2) Non-Consolidated financial position
Total assets
As of March 31, 2018
As of March 31, 2017

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen％

Yen

71,113
72,61740,56637,99557.0
52.3

685.27641.84(Reference) Shareholder’s equity:
As of March 31, 2018 40,566 million yen

As of March 31, 201737,995million yen※This financial results statement is exempt from the audit procedures by certified public accountants or accounting auditors.
※Cautionary statement regarding forward-looking statements, and other information
Forward-looking statements such as operational forecasts contained in this report are based on the information currently available to theCompany and certain assumptions regarded as reasonable, but are not guarantees of the achievements by the Company. Actual results may
differ from any forecasts expressed in the statements due to various factors.

-2-

Consolidated financial statements
Consolidated balance sheet(Millions of yen)
As of March 31, 2017
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - tradeSecurities
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment andvehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures,net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Net defined benefit assetDeferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Deferred assets
Bond issuance cost
Total deferred assets
Total assets-3-

As of March 31, 2018

22,671
22,166
46
3,273
3,408
1,829
70
1,242
△36
54,672

16,32725,009
－
4,067
3,611
2,141
459
1,144
△23
52,737

47,835△37,615
10,22067,603△56,576

49,433△38,932
10,50070,780△57,322

11,026

13,457

4,848△3,7505,220△3,984

1,098

1,236

8,288
1,462
32,0968,289
1,30434,788

226
195
421

187
183
371

3,390
832
1
2,281
△38
6,466
38,984

3,751
1,039
0
2,355
△23
7,123
42,28391
91
93,74850
50
95,072

(Millions of yen)
As of March 31, 2017
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Current portion of bonds
Accounts payable - other
Lease obligations
Income taxes payable
Provision for bonuses
Allowance for restructuring
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax liabilities
Net defined benefit liability
Asset retirement obligations
OtherTotal non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-forsale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assets-4-

As of March 31, 2018

11,543
5,407
560
5,435
419
323
374
131
794
24,99012,972
5,213
5,060
5,020
310
379
490
131
819
30,397

6,960
8,468
631
912
43
165
27
17,20842,199

1,900
5,324
366
908
78
167
36
8,782
39,18022,306
16,628
9,773△3,13345,57522,306
16,62813,027△3,134
48,828

886

1,131

△0
1,561
232

△0
2,180
358

2,679

3,670

3,294
51,54993,7483,393
55,892
95,072

Consolidated statement of income(Millions of yen)
Fiscal year ended
March 31, 2017
Net sales
Cost of salesGross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Reversal of allowance for doubtful
accounts
Foreign exchange gains
Rent income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on abandonment of inventories
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Insurance income
Subsidy income
Other
Total extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Impairment loss
Restructuring expenses
Compensation for damage
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controllinginterests
Profit attributable to owners of parent-5-

Fiscal year ended
March 31, 2018

75,37064,998
10,3727,720
2,652

86,89474,036
12,857
8,591
4,266

46
72

46
80

1－

226
81
193
621

－
84
226
438

243
48
352
644
2,628

268
－
518
787
3,917

346
0
33－
6388

631
717－
6215319
17
21
16－
390
2,627
331
4335
2,291

5142－－
113
0
260
3,718
541
△478
62
3,656

137

17

2,153

3,638

Consolidated statement of comprehensive income(Millions of yen)
Fiscal year ended
March 31, 2017
ProfitOther comprehensive income
Valuation difference on available-forsale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans,
net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable toowners of parent
Comprehensive income attributable to noncontrolling interests-6-

Fiscal year ended
March 31, 2018

2,291

3,656

527244△0△1,683

△0723

403

126

△753
1,538

1,094
4,751

1,705

4,629

△167122

Consolidated statement of cash flows(Millions of yen)
Fiscal year ended
March 31, 2017
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in provision forbonuses
Increase (decrease) in allowance for
doubtful accounts
Increase (decrease) in net defined
benefit liability
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sales of non-current
assetsLoss on retirement of non-current assets
Impairment loss
Restructuring expenses
Decrease (increase) in notes and accounts
receivable - trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts
payable - trade
Increase (decrease) in accrued
consumption taxes
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating
activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plantand equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales and redemption ofinvestment securities
Payments of loans receivableCollection of loans receivable
Other, net
Net cash provided by (used in) investing
activities-7-

Fiscal year ended
March 31, 2018

2,627
4,143
34

3,718
4,108
35

209

115

△5△27△144△47△119243
16△127
268
△147

△331

△1319
1721142－－△2,038△2,659△199△1,203

1,648

1,316

2179△981
5,484
120△277
△100

573
6,143
127
△239
△511

5,226

5,520

△4,609△7,012

1,700

249△11△9△19△10143－0△230

△10
△70

△3,159△6,821

(Millions of yen)
Fiscal year ended
March 31, 2017
Cash flows from financing activities
Increase in short-term loans payable
Decrease in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from issuance of bonds
Redemption of bonds
Proceeds from sales of receivables
Repayments of finance lease obligations
Proceeds from sales and leasebacks
Purchase of treasury shares
Cash dividends paid
Dividends paid to non-controllinginterests
Net cash provided by (used in) financing
activities
Effect of exchange rate change on cash andcash equivalents
Net increase (decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning ofperiod
Cash and cash equivalents at end of period-8-

Fiscal year ended
March 31, 2018

7,680
△7,9832,764△3,223
296
△530
372
△293
517
△0
△0

7,389
△7,540400△3,517－
△560
△218
△429－
△1△384△26△80△426△4,943

△552

△98

1,088

△6,343

21,582

22,671

22,671

16,327