Summary of consolidated Financial Results
for the Three Months Ended June 30, 2020
(Based on Japanese GAAP)
August 6, 2020
Company name:
Stock exchange listing:Stock code:
Representative:

CMK CORPORATIONTokyo6958
URL https://www.cmk-corp.com/
President and Chief Executive Officer
Isao Osawa
Executive Officer
Inquiries:
Yoshihisa Yamaguchi
Accounting Department General Manager
Scheduled date to file Quarterly Securities Report:
August 7, 2020
Scheduled date to commence dividend payments:―Preparation of supplementary material on quarterly financial results:
Yes
Holding of quarterly financial results meeting:
NoTEL03-5323-0231（Amounts less than one million yen are rounded down）

1. Consolidated financial results for the three months ended June 30, 2020 (from April 1, 2020 to June 30, 2020)(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

Three months ended June 30, 2020Three months ended June 30, 2019
(Note) Comprehensive income:Three months ended June 30, 2020

△22.9
△3.5

16,441
21,311△546
144％ Millions of yen―△81.0％ Millions of yen△82103―△81.4△2,516 million yen (― %) Three months ended June 30, 2019
Net income per share

496 million yen (―%)

Diluted net income per share
Yen

Yen

―
―

△2.86
△1.26

Three months ended June 30, 2020Three months ended June 30, 2019

％

――

△169
△74(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen％

100,415
96,04451,91454,93248,453,6

As of June 30, 2020
As of March 31, 2020
(Reference) Shareholder’s equity:
As of June 30, 2020 48,593 million yen

As of March 31, 2020 51,451 million yen

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

2ndquarter end
Yen

3rdquarter end
Yen

Year ended March 31, 2020―
0.00
Year ending March 31, 2021―
Year ending March 31, 2021(forecast)―(Note) 1. Revisions to dividend forecasts published most recently: None
2. Payment of dividends for the year ending March 31, 2021 is not yet determined.

FiscalYear-end

Total

Yen

YenYen―

6.00

6.00

―――

3．Forecast of consolidated financial results for the year ending March 31, 2021 (from April 1, 2020 to March 31, 2021)
Due to the impact of COVID-19, it is difficult to estimate a logical forecast at this stage for the consolidated earnings for the fiscal year
ending March 31, 2021. A prompt announcement will be made as soon as it becomes possible.
(Note) 1. Revisions to financial forecasts published most recently: No※ Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2020
(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:

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 June 30, 2020

63,060,164 shares

As of March 31, 2020

63,060,164 shares

As of March 31, 2020

3,864,028 shares

2) Number of treasury shares at the end of the period
As of June 30, 2020

3,864,135 shares

3) Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30,2020

59,196,117 shares

Three months ended June 30, 201959,196,784 shares※This quarterly financial results statement is exempt from the quarterly review 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 theDue to the impact of COVID-19, it is difficult to estimate a logical forecast at this stage for the consolidated earnings for the fiscal year
ending March 31, 2021. A prompt announcement will be made as soon as it becomes possible.

Consolidated financial statements
Quarterly consolidated balance sheet(Millions of yen)
As of March 31, 2020
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
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
Land
Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Deferred assets
Bond issuance costs
Total deferred assets
Total assets－1－

As of June 30, 2020

16,694
20,389
4,529
3,592
2,434
1,080
△56
48,66524,405
19,112
5,576
3,612
2,339
920
△134
55,832

12,27911,641

16,683

16,153

8,253
2,618
1,217
41,052

8,221
1,829
1,131
38,978

116
220
337

108
243
351

2,318
1,119
2,550
△28
5,959
47,349

2,297
714
2,245
△28
5,229
44,55829
29
96,04424
24
100,415

(Millions of yen)
As of March 31, 2020
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of bonds payable
Income taxes payable
Provision for bonuses
Allowance for restructuring
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
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－2－

As of June 30, 2020

9,761
4,455
1,352
246
510
126
4,639
21,091

11,651
6,167
1,352
178
869
126
3,384
23,7295,023
13,20693
449
1,247
20,02041,111

5,023
18,14193
449
1,064
24,772
48,501

22,306
16,62812,671△3,13548,471

22,306
16,62812,147△3,13547,946

446

481

0
2,262
270

0182
△172,979

646

3,480
54,932
96,044

3,321
51,914100,415

Quarterly consolidated statement of income(Millions of yen)Three months ended
June 30, 2019
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 (loss)
Non-operating income
Interest income
Dividend income
Rental income
Foreign exchange gains
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit (loss)
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Other
Total extraordinary losses
Profit before income taxes
Income taxes
Income taxes for prior periods
Loss
Profit attributable to non-controllinginterests
Loss attributable to owners of parent－1－

Three months ended
June 30, 2020

21,31118,759
2,551

16,441
14,776
1,665

741
87
5757
97
8

△078

1,573

1,270

2,407

2,211

144

△546

74519－
23
96

541
19488
34
589

69
958
137
103

62－
62124
△820－
00
189
189

84－
84
1866－
△47

150
1690
126
60
△962773△74△169

Quarterly consolidated statement of comprehensive income(Millions of yen)Three months ended
June 30, 2019
Loss
Other 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－1－

Three months ended
June 30, 2020

△47△96

△1135

△0568

0△2,166△12△288544
496△2,420△2,516396△2,503100△13