CMK CORPORATION
Securities Code No.: 6958

Creating2009 Business Report
Year Ended March 31, 2009

the future

To Our Shareholders

However, the CMK Group suffered very poor business results
due to the impact of the economic deterioration, which occurred
far more rapidly than expected. As a result, our consolidated
sales declined sharply by 30,918 million yen or 22.3% from theprevious fiscal year, to 107,583 million yen.
Turning to profits, mainly due to the decline in net sales, werecorded an operating loss of 2,633 million yen (operating
income of 4,779 million yen for the previous fiscal year) and an
ordinary loss of 3,587 million yen (ordinary income of 5,105
million yen for the previous fiscal year). As for net income andloss for the fiscal year under review, a business restructuring
cost of 1,431 million yen (required for the closure of domestic
and overseas subsidiaries and the restructuring of production
systems) and an asset impairment loss of 1,391 million yen for
fixed assets were recorded as extraordinary losses. As a result,
we recorded a substantial net loss of 8,378 million yen (net
During the consolidated fiscal year under review, while theincome of 221 million yen for the previous fiscal year).

financial crisis originating in the United States had a profoundAccordingly, while we greatly regret doing so, we have decided

influence on the real economy of every country around thenot to make a dividend payment at the end of the fiscal year

world, the Japanese economy deteriorated steadily due to theunder review in consideration of the current challenging

global recession that began last fall. A sharp decline in exports

environment surrounding the CMK Group.

and the appreciation of the yen resulted in companies making

The economic environment remains somewhat uncertain, while

drastic production curtailments and employment reductions. In

there is some good news such as ecological products.

addition, the operating environment remained extremely

However, we are committed to achieving our management

challenging due to a decrease in private-sector capital spending

objectives and improving our corporate value. We thank all ofand a slowdown in consumer spending, which occurred on theyou for your continued support.

back of the deteriorating employment situation. Consequently,
declining results were evident in many companies.

June 2009

In these circumstances, in the electronic parts industry, to which
the CMK Group belongs, the production of automobiles,
automobile-related equipment and digital home electricalappliances including flat screen TVs was forced to be cut backon a global scale, and demand remained extremely weak. In
such a challenging management environment, the CMK Group
restructured its production system, including the closure ofsome of its plants, to contend with the sharp decline in demand,
and worked to reduce investments and curtail expenses.

1

Takahiro Nakayama

Representative Director and President

Interview with the President

Q Please summarize your results for the fiscal year 2008.
Nakayama: The financial crisis that originated in the UnitedStates spread throughout all the countries in the world, andhad a major influence on the real economy. Due to thisinfluence, automobile makers and digital home electricalappliance makers, which are the CMK Group’s major
customers, were required to make rapid production
adjustments, which had a significant impact on the number oforders received by the CMK Group. As a result, on aconsolidated basis, net sales declined sharply by 30,918
million yen from the previous fiscal year, to 107,583 million yen.
In such a challenging management environment, the CMKGroup restructured its production system, including the closureof some of its plants, to manage the sharp decline in thenumber of orders received, and worked to reduce investments
and curtail expenses. However, due to the impact of theeconomic deterioration, which occurred far more rapidly than
expected, we recorded an operating loss of 2,633 million yen
and an ordinary loss of 3,587 million yen. As for net income
and loss for the fiscal year under review, a businessrestructuring cost of 1,431 million yen (required for the closureof domestic and overseas subsidiaries and the restructuring ofproduction systems) and an asset impairment loss of 1,391
million yen for fixed assets were recorded as extraordinary
losses. As a result, we recorded a substantial net loss of 8,378
million yen.
While the challenging business environment is expected to

Q continue, what markets will you place special priority on

during the current fiscal year?
Nakayama: We expect that the adjustment will continue for thetime being following last year’s shrinkage of the market.
However, we will continue to work on business development ina more flexible manner, targeting the automobile market, themobile phone market and the digital home electrical appliancemarket.
In the past, we focused on the automobile market as the mostimportant market. However, automobile makers’ plans show auniform decline in sales, at least for the current fiscal year. Thissituation cannot be taken lightly at all. We expect, however,that there will be steady progress in the development of electricand electronic automobile parts and the spread of hybrid andelectric cars in this market in the medium term. All companies
a re ma ki n g s u b s ta n t i a l e ff o r t s f r o m t h e v i e w p o i n t o fenvironmental and energy measures. The CMK Group will also
continue to make significant efforts, including in the technology
development, to be able to immediately meet these needs. In
particular, we will place priority on seeking to win orders forbuild-up wiring boards, which are generally adopted for hybridcars, and make an effort to increase the number of orders
received for new technology products developed forautomobiles and module parts that are generally adopted forsafety devices such as sensors.
In terms of the mobile phone market, we believe that
replacement demand is uncertain, and that the number ofterminals sold in Japan will remain flat. However, as seen in
the new products that have been released by a wide range ofcompanies, there will be more development with regard to thecamera and wireless functions of mobile phones, more build-up
wiring boards, which are highly complex, and more module
parts will be adopted than in the past. In this respect, we
believe that this is a field where the CMK Group can fully
demonstrate its technological capability, such as in the highly
complex build-up wiring boards, and product development
capability. At present, there is rapid growth in the field of
module parts, which are at the forefront of technologies taking
the lead in the mobile phone market. They are expected to findapplication with a variety of applications in the future. We will
therefore place top priority on highly complex products,
including component embedded substrates.
As for the digital home electrical appliance market, we willthoroughly pursue the global strategy of home electricalappliance makers, and increase sales on a global scale. This isa field where price competition is most fierce. As a result, we
will optimize our production systems, including overseas
production and OEM supply, from a global viewpoint.

Q What are your focuses for the fiscal year 2009?
Nakayama: We expect that the full-scale recovery of the world
economy will take some time. However, we will aim to improve
our results by making the most of the CMK Group’s strengths
in cutting-edge technologies and high quality, as well as its
global production and sales systems targeting the three fields
mentioned above (automobiles, mobile phones and digital
home electrical appliances).
In Japan, we will make progress in the shift of production
toward groups of products with more added value, and willcontinue to pursue more effective intensive production systems
f r o m a m e d i u m - t e r m p e r s p e c t i v e . I n p a r t i c u l a r, t h eestablishment of a mass production system for cutting-edge
products such as package substrates and component
embedded substrates is urgently required this year. As a result,
we will pace top priority on investment for this purpose.
Overseas, meanwhile, we will not only respond to the customer
shift to overseas production, but will also strive to improve ourown overseas production systems, thereby reducing costs
dramatically. In particular, we will invest around 2.3 billion yen
in the new plant in Thailand so it can become a central plant for
global supply bases and produce highly complex products. As
a result of this, a production system will be established almost
as initially planned as the first phase of the plant in Thailand.
We will therefore adopt a full operating system focusing on
highly complex products this year, and make every effort to win
orders, including from the European and American regions, inconsideration of further expansion of facilities and equipment.
We believe that we can improve our results through the firm
implementation of these strategies.

2

Financial Highlights (Consolidated)
U.S. Dollars (Thousands)

Yen (Millions)

FY 2007

FY 2008

FY 2009

FY 2009

April 1, 2006 - March 31, 2007

April 1, 2007 - March 31, 2008

April 1, 2008 - March 31, 2009

April 1, 2008 - March 31, 2009

¥128,245¥138,502¥107,583$1,094,880

Operating income (loss)

6,005

4,779

(2,633)(26,796)

Ordinary income (loss)

7,502

5,105

(3,587)(36,505)

Net income (loss)

4,687

221

(8,378)(85,263)

Net assets¥85,612¥84,046¥68,985$702,065

Total assets

139,482

150,060

129,044

1,313,291

Net income (loss) per share¥76.38¥3.62¥(138.94)$(1.41)

1,309.54

1,314.00

1,123.42

11.43

Net sales

Net assets per share

Notes: 1. U.S. Dollars amounts have been translated from Yen, for convenience only, at the rate of ¥98.26 = $1,
		 the Tokyo foreign exchange market rate as of March 31, 2009.
2. All Millions Yen and Thousands U.S. Dollars amounts are rounded to the nearest figure.

Net income (loss) per share
Net assets per share

Operating income (loss)
Ordinary income (loss)
Net income (loss)

Net sales(Millions Yen)

(Millions Yen)

(Yen)

150,000

8,000

1,500

6,000
1,200

120,000

4,000
900

2,000
90,0000600-2,00060,000300-4,000-6,00030,0000-8,0000

3

FY 2007

FY 2008

FY 2009-10,000

FY 2007

FY 2008

FY 2009-300

FY 2007

FY 2008

FY 2009

Sales Information (Consolidated)

l Sales by application

l Sales by type of PWB

FY 2009

Build-up PWBs and Package Substrates
29,521 yen (millions) (27.4%)
Multilayered PWBs
31,325 yen (millions) (29.1%)

Car electronics

39.0%

Double-sided PWBs
22,860 yen (millions) (21.3%)

OthersOthers23,876 yen (millions) (22.2%)

29.5%

Build-up PWBs and Package Substrates
35,471 yen (millions) (25.6%)

FY 2008

Multilayered PWBs
39,701 yen (millions) (28.7%)
Double-sided PWBs
30,873 yen (millions) (22.3%)
Others32,455 yen (millions) (23.4%)

AV equipment
Information devices

l Sales by region

16.2%

Japan
71,551 yen (millions) (66.5%)

4.6%

Mobilecommunications

FY 2009

10.7%

China
22,647 yen (millions) (21.0%)
Southeast Asia
10,315 yen (millions) (9.6%)
Europe and the United States
3,069 yen (millions) (2.9%)

Japan
95,230 yen (millions) (68.8%)

FY 2008

China
28,173 yen (millions) (20.3%)
Southeast Asia
10,997 yen (millions) (7.9%)
Europe and the United States
4,101 yen (millions) (3.0%)

4

Consolidated Financial Statementsl Consolidated Balance Sheet(Unit: Thousands of U.S. Dollars/Millions of yen)
U.S. Dollars
Yen (Millions)(Thousands)

U.S. Dollars(Thousands)

Yen (Millions)

FY 2009

FY 2008

FY 2009¥62,335¥71,332 $634,388

As of
As of
As of
March 31, 2009 March 31, 2008 March 31, 2009

(Assets)
Current assets

FY 2008

FY 2009¥29,576¥39,669 $300,997(Liabilities)
Current liabilities

Cash and deposits

31,056

16,273

316,059

Notes and accounts payable

10,05019,112

Notes and accounts receivable

21,76340,617

221,483

Short-term borrowings

9,232

7,079

93,954

43

124

437

Trade payables

4,370

9,798

44,473

3,726

5,200

37,919

Income taxes payable

109

543

1,109

Marketable securities
Merchandise and finished goods

102,279

Work in process

2,122

4,511

21,595

Deferred tax liabilities

―

5

―

Raw materials and supplies

2,080

2,684

21,168

Allowance for employee bonuses

717

787

7,296

Deferred income taxes

400

645

4,070

Provision for directors' bonuses

―

90

―

Other current assets

1,169

1,309

11,897

(26)

(34)

(264)

66,67578,684

678,556

57,18066,438581,925

Allowance for doubtful accounts
Fixed assets
Tangible fixed assets

Provision for loss on order received
Allowance for restructuring
Other current liabilities
Fixed liabilities

154

111

1,567

2,836

291

28,862

2,104

1,849

21,41230,483

26,344

310,227

Buildings and structures

23,15827,473

235,680

Bonds

5,500

5,500

55,973

Machinery, equipment, and others

22,11726,009225,086

Long-term debt

23,66919,748240,881Land

10,561

11,529107,480

Deferred tax liabilities

94

112

956
7,337

Construction in process

424

487

4,315

Allowance for employee retirement benefits

721

672

Other tangible fixed assets

918

938

9,342

Allowance for executive retirement benefits

226

210

2,300

1,348

1,624

13,718

Other

271

100

2,757

707

791

7,195

Total liabilities

60,05966,014

611,225

Intangible fixed assets
Goodwill
Other intangible fixed assets

641

833

6,523

(Net assets)

Investments and other assets

8,146

10,621

82,902

Shareholders' equity

Investments in securities

5,035

7,818

51,241

Deferred income taxes
Other
Allowance for doubtful accounts
Deferred assets
Bond issue costs

Capital

Total assets

68,03977,961

692,438

22,30622,306

227,009

281

95

2,859

Additional paid-in capital

22,06322,063

224,536

2,866

2,747

29,167Retained earnings

27,171

36,211

276,521

(36)

(40)

(366)

Treasury stock(3,501)(2,620)(35,629)

34

43

346

(2,041)

2,521(20,771)

34

43

346

Unrealized gains on available-for-sale securities

26

770

264

Deferred hedge gains and losses

(0)

(1)

(0)

(2,068)1,751(21,046)

Unrealized gains, translation gains, etc.

Foreign currency translation adjustment

5

FY 2009

As of
As of
As of
March 31, 2009 March 31, 2008 March 31, 2009

129,044150,060 1,313,291

Minority interests in subsidiaries

2,987

3,563

30,398

Total net assets

68,98584,046702,065

Total liabilities and net assets

129,044150,060 1,313,291

l Consolidated Statement of Operationsl Consolidated Statement of Cash Flows(Unit: Thousands of U.S. Dollars/Millions of yen)

FY 2009(Unit: Thousands of U.S. Dollars/Millions of yen)

U.S. Dollars(Thousands)

Yen (Millions)

FY 2008

FY 2009

FY 2009

For the year ended For the year ended For the year ended
March 31, 2009
March 31, 2008
March 31, 2009

Net sales¥107,583 ¥138,502 $1,094,880

Cost of sales

100,098

121,920

1,018,705

Gross profit

7,485

16,581

76,175

Selling, general, and administrative expenses

10,11811,801

102,971

Operating income (loss)(2,633)

4,779(26,796)

Non-operating income

1,133

1,862

11,530Non-operating expenses

2,087

1,536

21,239Ordinary income (loss)(3,587)5,105(36,505)

Extraordinary income

27

1,159

274

Extraordinary losses

3,655

4,037

37,197

Net income (loss) before taxes and other adjustments(7,215)2,228(73,427)

Corporate, residence, and enterprise taxes

589

1,452

5,994

Corporate taxes and other adjustments

536

969

5,454

Gains or losses (-) on minority Interests in subsidiaries

36

(415)

366

(8,378)221(85,263)

Net income (loss)

U.S. Dollars(Thousands)

Yen (Millions)

FY 2008

FY 2009

For the year ended For the year ended For the year ended
March 31, 2009
March 31, 2008
March 31, 2009

Cash flows from operating activities¥17,495¥6,675 $178,048

Cash flows from investing activities(8,896)(10,750)(90,535)

Cash flows from financing activities

7,343

10,69674,730Effect of exchange-rate changes on cash and cash equivalents(1,160)165(11,805)

Net increase (decrease) in cash and cash equivalents

14,782

6,787

150,437

Cash and cash equivalents at beginning of year

16,255

9,468

165,428

Cash and cash equivalents at end of year

31,03816,255

315,8766

Consolidated Financial Statementsl Consolidated Statement of Shareholders' Equity (FY 2009: April 1, 2008 - March 31, 2009) (Unit: Thousands of U.S. Dollars/Millions of yen)
Shareholders' equity
Additional paid-in
capitalRetained earnings$220,189$361,387¥36,211(498)

Cash dividends
Net loss

Common stock
Balance as of March 31, 2008

$222,614¥22,306¥22,063

Total shareholders'equityTreasury stock$778,053¥77,961

(49)

(498)

(49)

(6,228)(612)(6,228)(612)(85,263)(8,378)

Effect of changes in accounting policies
applied to foreign subsidiaries$(26,147)¥(2,620)

Change during this consolidated fiscal year

Purchase of treasury stock(1)

Sale of treasury stock

(0)

(3)

(85,263)(8,378)(8,966)(881)(8,966)

(881)

8

0

2

0

(0)

( Net) change during this consolidated
fiscal year in accounts other thanshareholders' equity
Total change during this consolidated
fiscal year
Balance as of March 31, 2009

―

―

(1)

(0)

(91,502)(8,991)(8,955)(880)(100,468)(9,872)

227,00922,306

224,536

22,063

276,521

27,171(35,629)(3,501)

692,438

68,039Unrealized gains (losses)
Unrealized gains(losses) on availablefor-sale securities
Balance as of March 31, 2008

$7,684¥770

Foreigncurrency translation
adjustment

Deferred hedge
gains and losses$(9)¥(1) $17,475¥1,751

Total unrealized
gains (losses)$25,159¥2,521

Minorityshareholders'interests$35,558

Total net assets¥3,563 $838,782¥84,046

(498)

(49)

Effect of changes in accounting policies
applied to foreign subsidiaries
Change during this consolidated fiscal year
Cash dividends(6,228)(612)

Net loss(85,263)(8,378)Purchase of treasury stock(8,966)

(881)

2

0

Sale of treasury stock( Net) change during this consolidated
fiscal year in accounts other thanshareholders' equity
Total change during this consolidated
fiscal year
Balance as of March 31, 20097

(7,571)

(744)

10

1

(38,876)(3,820)(46,427)(4,562)(5,861)(576)(52,300)(5,139)(7,571)

(744)

10

1

(38,876)(3,820)(46,427)(4,562)(5,861)(576) (152,768)(15,011)

264

26

(0)

(0)

(21,046)(2,068)(20,771)(2,041)(30,398)2,987 (702,065)

68,985CMK TOPICS

Electronic Device Division Established
As of July 1, 2008, our company undertook a merger by
absorption of CMK Package Tech Corporation, a subsidiaryengaged in the development and production of package
substrates and component embedded substrates.
Consequently, the Electronic Device Division and the Electronic
Device Sales Department were established on the same day.
This completes the integrated organization for the development,
volume production and sales of cutting-edge package
substrates and component embedded substrates, which are thenext-generation PWBs, to meet growing demand.
In recent years, the functions of electronic devices haveadvanced progressively for mobile phones and digital home
appliances. This has resulted in an enormous increase in thenumber of electronic components installed in PWBs, as well as
boosting demand for more compact electronic devices. In viewof the rapid technological innovations occurring in the electronic
component industry, technologies for improving the functions
and making the equipment even more compact are also being
demanded of the PWBs supplied by our company. The required
technological level is particularly high for PWBs used withmodules, which are utilized for camera module components andwireless communication module components installed in mobile
phones and compact electronic devices. Moreover, theirapplications are expected to widen to encompass automobiles
and other areas. As such, the demands on these PWBs arehighly likely to increase.
To respond to these technological requirements, our company
has been developing technologies for PWBs embedded withelectronic components (component embedded substrates). The
component embedded substrates are next-generation PWBs
that can meet the demand for more compact electronic
components and advanced functions. The scale of the future
market is expected to be 300 million units on a quantitativebasis, which is eight times that of 2008, and 50 billion yen on amonetary basis. It is a promising market where expansion is
anticipated.

The Electronic Device Division has made facility investments forvolume production at G Station Factory in Gunma Prefecture by
installing leading-edge facilities related to plating, circuits andresistance, with a view toward the market expansion of highfunction component embedded substrates. The investment
process is now complete and an organization has been
established that enables us to meet users’ requirements for highprecision and quality. Recently, our company started delivering
package substrates for semiconductors to the major overseas
users. The requirements have been high in terms of technology,
quality and delivery for the package substrates used withsemiconductors. However, the products provide a firm foothold
for the growth strategies of CMK. As such, the entire Electronic
Device Division has been striving to win orders for thesubstrates.
Users’ requirements are anticipated to increase even further interms of the function, density, reliability, environment, energy
conservation and other aspects. Our division will strengthen theorganization for supplying component embedded substrates
and other highly complex products to meet these requirements.
All of us at the division are willing to work together to contributetoward the future development of CMK. Keep your eyes on theElectronic Device Division, as we will be making a great deal ofprogress.
The cutting-edge production lines of the Electronic Device Division

ENVIRONMENTAL PROTECTION
The European REACH Regulation and the environmental measures of the CMK Group
Registration, Evaluation, Authorization and Restriction of Chemicals(REACH) is a European Union Regulation that came into force in June2007 as a comprehensive system for the registration, evaluation,authorization and restriction of chemical substances.
The objectives of the Regulation include the protection of human healthand the environment, and the maintenance and enhancement of thecompetitiveness of the European chemicals industry. It requires
comprehensive chemical substances management as a preventive
measure. It applies not only to chemical substances but also to PWBs
and other electronic components that contain them.
Our company established the in-house REACH Regulation Team when
the Regulation came into effect to comprehensively manage information

gathering and client measures. We have also established guidelines forcomplying with the Regulation and meeting our clients’ requirements,
which are to be applied and made known in-house. A survey of all Group
companies revealed that there is no product for which registration isrequired as per the Regulation.
However, one of the important requirements of the Regulation is theconveyance of information related to chemical substances in the supply
chain. To meet this requirement, we have provided in-house training andasked our business partners for understanding and cooperation regarding
the intentions of the Regulation to ensure that appropriate action is being
taken with respect to the Regulation.

8

Corporate Data (As of March 31, 2009)l Name of listed company

CMK CORPORATIONl Primary Consolidated Subsidiaries(Securities code no.: 6958)

l Date of establishmentl Capitall Address of head officel Number of employees

February 25, 1961

Japan

¥22,306,203,140l CMK Mechanics Corporation

5-1 Nishishinjuku 6-chome,l CMK Multi Corporation

Shinjuku-ku, Tokyo, Japanl CMK Niigata Corporation

1,083

l CMK Finance Corporationl CMK Products Corporationl Management (as of June 26, 2009)
Directors

Auditors

Executive Officers

Senior Counselor9l Yamanashi Sanko Co., Ltd.

President andChief Executive Officer

Takahiro Nakayama

Director and Executive
Senior Managing Officer

Mikihiko Hattori

Director and Executive
Managing Officer

Tsutomu Yamaguchi

Overseas

Director and Executive
Managing Officer

Takeo Takail CMKC (Hong Kong) Ltd.

Director and Executive
Officer

Kazuhiro Itol CMKC (Dong Guan) Ltd.

Director and Executive
Officer

Akiharu Nakayamal CMK Electronics (Wuxi) Co., Ltd.

Standing Auditor

Nobuo Akiyama

Auditor

Hiroo Wakabayashi

AuditorKimiaki Inagi

Executive Officer

Kenichi Urushiyama

Executive Officer

Nobuyuki Kageyama

Executive Officer

Toshimi Kuroki

Executive Officer

Masashi Koike

Executive Officer

Kazuma Shiobara

Executive Officer

Takahiro Shirai

Executive Officer

Munefumi Takano

Executive Officer

Hiroshi Hanaoka
Noboru Nakayamal CMK Kanbara Electronic Corporation Japanl CMK EUROPE N.V.
l CMK ASIA (PTE.) LTD.
l CMK CORPORATION (THAILAND) CO.,LTD.
l CMK AMERICA CORPORATION

Stock Information (As of March 31, 2009)

Stockholder's Memol Total number of shares authorizedl Total number of shares issued and outstanding
l Number of shareholders
l Share trading unitl Major shareholders (10 largest)
Shareholders

227,922,000
6,863
100
Investment in CMK

Number of shares held Percentage(thousands)
(%)

5,773

9.1

Japan Trustee Services Bank, Ltd. (Trust account 4G)

4,120

6.5

The Master Trust Bank of Japan, Ltd. (Trust account)

3,261

5.1

Takahiro Nakayama

2,941

4.6

The Dai-ichi Mutual Life Insurance Company

2,845

4.5

Mizuho Corporate Bank, Ltd.

2,576

4.0

The Foundation for Technology Promotion of Electronic Circuit Board

2,500

3.9

Akiharu Nakayama

1,886

2.9

Panasonic Electric Works Co., Ltd.

1,860

2.9

Trust & Custody Services Bank, Ltd. as trustee for Hitachi
Chemical Co., Ltd.; retirement benefit trust accountre-entrusted by Mizuho Trust and Banking Co., Ltd.

1,822

2.8

Note: Although the Company holds 4,312 thousand shares oftreasury stock, it is not included in the above list of major
shareholders.

l Shareholder Breakdown

2,749 thousand shares (4.3%)

Securities firms
675 thousand shares (1.1%)

Regular general
meeting ofshareholders:

Held in June each year

Date of record for
end-of-year
dividends:

March 31

Date of record for
mid-yeardividends:

September 30

Notification
method:Electronic notification(company website at
http://www.cmk-corp.com).
If notification cannot be madeelectronically, it will be made using
the Nihon Keizai Shimbun.

Stock transfer
agent:

Japan Securities Agents, Ltd.
2-4 Kayabacho 1-chome,
Nihonbashi,
Chuo-ku, Tokyo, Japan

Contact address:

Japan Securities Agents, Ltd.,
Agent Division,
8-18 Shiohama 2-chome, Koto-ku,
Tokyo 137-8650
ふ 0120-707-843

Individuals and others

12,998 thousand shares (20.6%)
Foreign companies and individuals

April 1 through March 31of the following year

63,060,164

Japan Trustee Services Bank, Ltd. (Trust account)

Other firms

Fiscal year:

14,434 thousand shares (22.9%)

Total

63,060,164 shares
Financial institutions
32,202 thousand shares (51.1%)10

http://www.cmk-corp.com

43rd Floor, Shinjuku I-Land Tower Bldg., 6-5-1
Nishi-Shinjuku, Shinjuku-ku, Tokyo 163-1388, Japan
Tel.: +81-3-5323-0231 (main)