Summary of Consolidated Financial Results
for the Six Months Ended September 30, 2016
(Based on Japanese GAAP)
November 7, 2016
Company name:
CMK CORPORATION
Stock exchange listing:Tokyo
Stock code:
6958
URL http://www.cmk-corp.com/
Representative:
President and Chief Executive Officer
Takeo Takai
Inquiries:
Administration Affairs Department Manager Akihiro Okabe
TEL
Scheduled date to file Quarterly Securities Report:
November 14, 2016
Scheduled date to commence dividend payments:―
Preparation of supplementary material on quarterly financial results:
Yes
Holding of quarterly financial results meeting:Yes (for institutional investors)

03-5323-0235（Amounts less than one million yen are rounded down）

1. Consolidated financial results for the six months ended September 30, 2016 (from April 1, 2016 to September
30, 2016)(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, 2016
35,785 ᇞ0.5
860
Six months ended September 30, 2015
35,9491.6
ᇞ502(Note) Comprehensive income:Six months ended September 30, 2016 △3,111million yen (― %)Six months ended September 30, 2015 △7,296 million yen (―%)――

Net income per share776
ᇞ1,425％ Millions of yen

―
―

―
―

Diluted net income per share
Yen

Six months ended September 30, 2016
Six months ended September 30, 2015％

802
ᇞ8,485Yen

13.56△143.34――(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen％

85,55290,504

46,97850,09051.4
51.4

As of September 30, 2016
As of March 31, 2016
(Reference) Shareholder’s equity:
As of September 30, 2016

43,952million yen

As of March 31, 2016 46,549million yen

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

2ndquarter end

Yen

3rd
quarter end

Yen

Yen

Yen

0.00
―

3．Forecast of consolidated financial results for the year ending March 31, 20172017)

Full year

Total

Yen

Year ended March 31, 2016
0.00――
Year ending March 31, 20170.00―
Year ending March 31, 2017(forecast)―(Note) 1. Revisions to dividend forecasts published most recently: Yes
2. Payment of dividends for the year ending March 31, 2017 is not yet determined.

Net sales

FiscalYear-end

0.00―(from April 1, 2016 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％

77,000

5.3

2,500

555.1

2,100

―

1,600

―

(Note) Revisions to financial forecasts published most recently: None

-1-

yen

27.03

※

Notes

(1)

Changes in significant subsidiaries during the six months ended September 30, 2016
(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:

Yes

2)

Changes in accounting policies due to other reasons:

No

3)

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, 2016

63,060,164 shares

As of March 31, 2016

63,060,164 shares

As of March 31, 2016

3,860,818 shares

2) Number of treasury shares at the end of the period
As of September 30, 2016

3,861,123 shares

3) Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2016

59,199,243 shares

Six months ended September 30, 2015

59,199,960 shares※Notice regarding quarterly review procedures for the quarterly financial results
This quarterly financial results statement is exempt from the quarterly review procedures based upon the Financial Instruments andExchange Act. At the time of disclosure of this quarterly financial results statement, the quarterly review procedure based upon the
Financial Instruments and Exchange Act has not been completed.
※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 31,2016
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
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 September 30, 2016

21,582
20,376
38
3,904
3,046
1,534
970
ᇞ34
51,41919,04020,624
40
3,786
2,849
1,584
1,624
ᇞ34
49,515

10,97011,597
9,063
520
1,153
33,306

10,006
9,957
8,253
1,022
962
30,203

265
321
587

232
265
498

2,661
183
2,260
ᇞ46
5,059
38,953

2,718
304
2,246
ᇞ46
5,221
35,923131
131
90,504113
113
85,552

（Millions of yen）
As of March 31,2016
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' equity
Accumulated 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, 2016

10,088
5,476
500
103
165
1,110
5,257
22,704

10,360
4,860
560
159
320
197
6,114
22,571

7,250
9,179
44
162
1,073
17,70940,413

7,240
7,633
47
163
918
16,002
38,57422,30622,0632,185
ᇞ3,132
43,422

22,306
16,6288,422
ᇞ3,13244,224

359
0
2,939
ᇞ170
3,127
3,540
50,09090,504

393
ᇞ0
ᇞ510
ᇞ153
ᇞ271
3,025
46,97885,552

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 income (loss)
Non-operating income
Interest income
Dividend income
Reversal of allowance for doubtful accounts
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income (loss)
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
Impairment loss
Restructuring expenses
Compensation for damage
Total extraordinary losses
Profit (loss) before income taxes
Income taxes
Profit (loss)
Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to owners of parent-5-

Six months ended
September 30, 2015
35,94932,4903,459（Millions of yen）
Six months ended
September 30, 2016
35,78531,178
4,607

1,427
ᇞ9
22
―
2,521
3,961
ᇞ502

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

37
39
90
214
382

26
40
―
192
260

168
949
186
1,304
ᇞ1,425

122
―
220
343
776

1
47
22
71

341
―
―
341

37
64
4,128
2,833
82
7,145
ᇞ8,50027
ᇞ8,528ᇞ42
ᇞ8,485

15
144
―
―
―
160
958
104
853
51
802

Quarterly consolidated statement of comprehensive income

Profit (loss)
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, 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-

Six months ended
September 30, 2015
ᇞ8,528（Millions of yen）
Six months ended
September 30, 2016
853

ᇞ212
ᇞ0
1,448
ᇞ3
1,232
ᇞ7,29633
ᇞ0
ᇞ4,01617
ᇞ3,965
ᇞ3,111

ᇞ7,33034

ᇞ2,596
ᇞ514

Quarterly consolidated statement of cash flows
Six months ended
September 30, 2015
Cash flows from operating activities
Profit (loss) before income taxes
Depreciation
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sales of non-current assets
Loss 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 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 and leasebacks
Proceeds from sales of receivables
Purchase of treasury shares
Cash dividends paid
Dividends paid to non-controlling interests
Other, net
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, 2016

ᇞ8,500
2,635
ᇞ77
168
1,193
35
40
4,128
2,833
1,805
414
ᇞ2,884
ᇞ70
1,508
3,229
86
ᇞ165
168
3,318

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

ᇞ1,580
159
ᇞ4
ᇞ4
ᇞ0
67
49
ᇞ1,315

ᇞ1,944
1,147
ᇞ2
ᇞ5
―
0
ᇞ128
ᇞ932

13,734
ᇞ13,734
2,750
ᇞ933
728
―
ᇞ3,131
1,260
ᇞ422
ᇞ0
ᇞ295
ᇞ80
0
ᇞ123
59
1,939
17,164
19,1043,803
ᇞ4,106―
ᇞ1,628
296
ᇞ250
ᇞ142
―
357
ᇞ0
ᇞ0
ᇞ30
―
ᇞ1,699
ᇞ1,430
ᇞ2,542
21,582
19,040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 income (loss)
Non-operating income
Interest income
Dividend income
Reversal of allowance for doubtful accounts
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income (loss)
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
Impairment loss
Restructuring expenses
Compensation for damage
Total extraordinary losses
Profit (loss) before income taxes
Income taxes
Profit (loss)
Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to owners of parent-8-

Six months ended
September 30, 2015
35,94932,4903,459（Millions of yen）
Six months ended
September 30, 2016
35,78531,178
4,607

1,427
ᇞ9
22
―
2,521
3,961
ᇞ502

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

37
39
90
214
382

26
40
―
192
260

168
949
186
1,304
ᇞ1,425

122
―
220
343
776

1
47
22
71

341
―
―
341

37
64
4,128
2,833
82
7,145
ᇞ8,50027
ᇞ8,528ᇞ42
ᇞ8,485

15
144
―
―
―
160
958
104
853
51
802

Quarterly consolidated statement of comprehensive income

Profit (loss)
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, 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-9-

Six months ended
September 30, 2015
ᇞ8,528（Millions of yen）
Six months ended
September 30, 2016
853

ᇞ212
ᇞ0
1,448
ᇞ3
1,232
ᇞ7,29633
ᇞ0
ᇞ4,01617
ᇞ3,965
ᇞ3,111

ᇞ7,33034

ᇞ2,596
ᇞ514

Quarterly consolidated statement of cash flows
Six months ended
September 30, 2015
Cash flows from operating activities
Profit (loss) before income taxes
Depreciation
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sales of non-current assets
Loss 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 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 and leasebacks
Proceeds from sales of receivables
Purchase of treasury shares
Cash dividends paid
Dividends paid to non-controlling interests
Other, net
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-10-（Millions of yen）
Six months ended
September 30, 2016

ᇞ8,500
2,635
ᇞ77
168
1,193
35
40
4,128
2,833
1,805
414
ᇞ2,884
ᇞ70
1,508
3,229
86
ᇞ165
168
3,318

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

ᇞ1,580
159
ᇞ4
ᇞ4
ᇞ0
67
49
ᇞ1,315

ᇞ1,944
1,147
ᇞ2
ᇞ5
―
0
ᇞ128
ᇞ932

13,734
ᇞ13,734
2,750
ᇞ933
728
―
ᇞ3,131
1,260
ᇞ422
ᇞ0
ᇞ295
ᇞ80
0
ᇞ123
59
1,939
17,164
19,1043,803
ᇞ4,106―
ᇞ1,628
296
ᇞ250
ᇞ142
―
357
ᇞ0
ᇞ0
ᇞ30
―
ᇞ1,699
ᇞ1,430
ᇞ2,542
21,582
19,040