Summary of Consolidated Financial Results
for the Six Months Ended September 30, 2017
(Based on Japanese GAAP)
November 8, 2017
Company name:
Stock exchange listing:Stock code:
Representative:

CMK CORPORATIONTokyo6958
URL http://www.cmk-corp.com/
President and Chief Executive Officer
Takeo Takai
Administration Division
Akihiro Okabe
Inquiries:
Administration Affairs Department Manager
Scheduled date to file Quarterly Securities Report:
November 14, 2017
Scheduled date to commence dividend payments:―Preparation of supplementary material on quarterly financial results:
Yes
Holding of quarterly financial results meeting:
Yes

TEL03-5323-0231（Amounts less than one million yen are rounded down）

1. Consolidated financial results for the six months ended September 30, 2017 (from April 1, 2017 to September
30, 2017)(1) Consolidated Operating Results (Cumulative)(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

Six months ended September 30, 2017
41,981 17.3
2,136 148.4
Six months ended September 30, 2016
35,785 △0.5860―(Note) Comprehensive income:Six months ended September 30, 2017
1,740million yen (― %)Six months ended September 30, 2016 △3,111million yen (― %)Net income per share％ Millions of yen

1,984 155.5
776―

Diluted net income per share
Yen

Six months ended September 30, 2017
Six months ended September 30, 2016％

1,630 103.1
802―

Yen

27.54
13.56

―
―

Net assets

Equity ratio(2) Consolidated financial position
Total assets
Millions of yen

Millions of yen％

94,66093,74852,90451,54952.4
51.5

As of September 30, 2017
As of March 31, 2017
(Reference) Shareholder’s equity:
As of September 30, 201749,625million yen

As of March 31, 2017

48,255million yen

2．Cash dividends
Annual dividends per share
1stquarter-end

2ndquarter end

Yen

3rd
quarter end

Yen

Yen

Year ended March 31, 20170.00―
―Year ending March 31, 2018
0.00―
Year ending March 31, 2018(forecast)―(Note) 1. Revisions to dividend forecasts published most recently: Yes
2. Payment of dividends for the year ending March 31, 2018 is not yet determined.

Full year

TotalYenYen6.50―

3．Forecast of consolidated financial results for the year ending March 31, 20182018)
Net sales

FiscalYear-end

6.50―(from April 1, 2017 to March 31,(Percentages indicate year-on-year changes)
Profit attributable to Net income per
Ordinary income
owners of parent
share

Operating income

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen％

80,000

6.1

4,000

50.8

3,700

40.7

3,000

39.3

(Note) Revisions to financial forecasts published most recently: No-1-yen

50.68

※Notes(1)

Changes in significant subsidiaries during the six months ended September 30, 2017
(Changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:NoYes(3) 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:

No3)

Changes in accounting estimates:

No

4)

Restatement of prior period financial statements:

No(4 ) Number of issued shares（common shares）
1) Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2017

63,060,164 shares

As of March 31, 2017

63,060,164 shares

As of March 31, 2017

3,861,494 shares

2) Number of treasury shares at the end of the period
As of September 30, 2017

3,862,324 shares

3) Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 201759,198,376 shares

Six months ended September 30, 2016

59,199,243 shares※This quarterly financial results statement is exempt from the quarterly review procedures.
※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
the Company and certain assumptions regarded as reasonable, but are not guarantees of the achievements by the Company.
results may differ from any forecasts expressed in the statements due to various factors-2-ActualConsolidated financial statements
Quarterly Consolidated balance sheet（Millions of yen）
As of March 31, 2017
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Net defined benefit asset
OtherAllowance 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 September 30, 2017

22,671
22,166
46
3,273
3,408
1,829
1,312
ᇞ36
54,672

17,64424,443
17
3,612
3,582
2,247
1,449
ᇞ37
52,960

10,22011,026
8,288
1,462
1,098
32,096

10,306
12,423
8,272
2,004
1,187
34,194

226
195
421

204
177
382

3,390
832
2,282
ᇞ38
6,466
38,984

3,992
831
2,252
ᇞ23
7,052
41,62991
91
93,748707094,660

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

As of September 30, 2017

11,543
5,407
560
323
374
131
6,650
24,99012,316
5,418
560
369
511
131
7,157
26,464

6,960
8,468
43
165
1,571
17,20842,199

6,680
6,824
43
166
1,576
15,29041,75522,306
16,6289,773
ᇞ3,13345,57522,306
16,62811,019
ᇞ3,13346,819

886
ᇞ0
1,561
232
2,679
3,294
51,54993,748

1,298
0
1,277
229
2,805
3,279
52,904
94,660Quarterly Consolidated statement of income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Employees' salaries and bonuses
Provision for bonuses
Retirement benefit expenses
Provision of allowance for doubtful accounts
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
OtherTotal non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Insurance income
Subsidy income
Total extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent-5-Six months ended
September 30,2016
35,78531,178
4,607（Millions of yen）Six months ended
September 30,2017
41,98135,658
6,322

1,282
42
26
0
2,395
3,747
860

1,368
46
18
ᇞ14
2,767
4,185
2,136

26
40
192
260

27
45
169
241

122
―
220
343
776

137
81
175
394
1,984

341
―
―
341

5
6
17
29

15
144
160
958
104
853
51
802

1
72
73
1,940
268
1,671
41
1,630

Quarterly Consolidated statement of comprehensive income

853（Millions of yen）
Six months ended
September 30,2017
1,671

33
ᇞ0
ᇞ4,01617
ᇞ3,965
ᇞ3,111

411
1
ᇞ340
ᇞ3
69
1,740

ᇞ2,596
ᇞ514

1,755
ᇞ14

Six months ended
September 30,2016
ProfitOther comprehensive income
Valuation difference on available-for-sale 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 to owners of parent
Comprehensive income attributable to non-controlling interests-6-Quarterly Consolidated statement of cash flow
Six months ended
September 30,2016

Cash flows from operating activities
Profit before income taxes
DepreciationInterest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sales of non-current assets
Loss on retirement of non-current assets
Decrease (increase) in notes and accounts receivable - trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade
Increase (decrease) in provision for bonuses
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, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Payments of loans receivableCollection of loans receivable
Other, net
Net cash provided by (used in) investing activities
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
Repayments of finance lease obligations
Proceeds from sales of receivables
Purchase of treasury shares
Cash dividends paid
Dividends paid to non-controlling interests
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period-7-（Millions of yen）
Six months ended
September 30,2017

958
2,108
ᇞ67
122
12
ᇞ325
144
ᇞ1,502
ᇞ276
1,356
154
ᇞ1,071
1,614
48
ᇞ123
ᇞ18
1,520

1,940
1,980
ᇞ72
137
20
ᇞ372
ᇞ2,439
ᇞ976
954
137
4122,161
77
ᇞ134
ᇞ203
1,900

ᇞ1,944
1,147
ᇞ2
ᇞ5―
0
ᇞ128
ᇞ932

ᇞ4,086
161
ᇞ2
ᇞ5
ᇞ0
0
29
ᇞ3,9033,803
ᇞ4,106―
ᇞ1,628
296
ᇞ250
ᇞ142
357
ᇞ0
ᇞ0
ᇞ30
ᇞ1,699
ᇞ1,430
ᇞ2,542
21,582
19,0403,814
ᇞ3,815100
ᇞ1,749
―
ᇞ280
ᇞ207
ᇞ107
ᇞ0
ᇞ384
ᇞ79
ᇞ2,710
ᇞ313
ᇞ5,02722,671
17,644