Summary of Consolidated Financial Results
for the Year Ended March 31, 2024
(Based on Japanese GAAP)May 13, 2024
Company name:
Stock exchange listing:Stock code:
Representative:
Inquiries:

CMK CORPORATIONTokyo6958
URL https://www.cmk-corp.com/
President and Chief Executive Officer
Isao Osawa
Senior Executive
Nobutaka Okubo
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:TEL

03-5323-0231

June 26, 2024
June 26, 2024
June 27, 2024
YesYes（Amounts less than one million yen are rounded down）

1. Consolidated financial results for the year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)(1) Consolidated Operating Results
Net sales(Percentages indicate year-on-year changes)
Profit attributable toOrdinary income
owners of parent

Operating income％

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen

Year ended March 31, 2024
90,568
8.0
3,529
35.5
4,795
82.8
3,855
142.7Year ended March 31, 2023
83,8402.92,605
2,622
1,588
△13.7
△20.6
△43.0(Note) Comprehensive income:Year ended March 31, 2024 8,010 million yen (54.1 %) Year ended March 31, 2023 5,196 million yen (7.7 %)Diluted net income
Ordinary income/Operating income/Net income per share
Net income/equity
per share
total assets
net sales
Yen

Yen%

Year ended March 31, 2024
64.21―
Year ended March 31, 2023
26.83―
(Reference) Equity in earnings of affiliated companies
Year ended March 31, 2024 ―million yen Year ended March 31, 2023%

6.0
2.9%

3.9
2.4

3.9
3.1

―million yen(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen％Yen

131,606
114,570

72,91358,77953.8
49.6

994.17960.06

As of March 31, 2024
As of March 31, 2023
(Reference) Shareholder’s equity:

As of March 31, 2024 70,815 million yen

As of March 31, 2023 56,847 million yen(3) Consolidated cash flows
Cash flows
from operating activities

Cash flows
from investing activities

Millions of yen

Millions of yenMillions of yen

Millions of yen

9,440
6,245

△14,210△6,598

5,379
6,906

25,336
23,596

Year ended March 31, 2024
Year ended March 31, 2023

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

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

Year ended March 31, 2023
Year ended March 31, 2024
Year ending March 31, 2025 (forecast)

―
――

Yen

0.00
0.00
0.00

Yen―
――

Fiscalyear-end

Total

Total cash
dividends(Total)

Dividend
payout ratio(Consolidated)

Yen

Yen

Millions of yen

%

8.50
19.00
15.00

8.50
19.00
15.00

503
1,353

31.7
29.6
30.5

Ratio ofdividends tonet assets(Consolidated)
%

0.9
1.9

3．Forecast of consolidated financial results for the year ending March 31, 2025(from April 1, 2024 to March 31, 2025)
Net sales
Full year(Percentages indicate year-on-year changes)
Profit attributable toOrdinary income
Net income per shareowners of parent

Operating income

Millions of yen％

Millions of yen％

94,000

3.8

5,000

41.7

Millions of yen％ Millions of yen

4,200 △12.43,500％

Yen△9.249.14※Notes(1)

Changes in significant subsidiaries during the year ended March 31, 2024
(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:

No3)

Changes in accounting estimates:

No4)

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, 2024

71,234,316 shares

As of March 31, 2023

63,077,770 shares

As of March 31, 2023

3,865,795 sharesYear ended March 31, 2023

59,205,221 shares

2) Number of treasury shares at the end of the period
As of March 31, 2024

3,729 shares

3) Average number of shares during the period
Year ended March 31, 2024

60,043,177 shares(Reference) Summary of Non-consolidated Financial Statement

Non-consolidated financial results for the year ended March 31, 2024(from April 1, 2023 to March 31, 2024)(1) Non-consolidated Operating Results(Percentages indicate year-on-year changes)

Net sales

Operating income

Millions of yen％

Millions of yen

54,61245,96218.8△1.8307△861

Year ended March 31, 2024
Year ended March 31, 2023％――％

Millions of yen

2,284
△370

Net income――％

Millions of yen

2,281
△608

―
―

Diluted net income
per share

Net income per share
Yen

Year ended March 31, 2024
Year ended March 31, 2023

Ordinary income

37.99△10.28

Yen

――

(2) Non-Consolidated financial position
Total assets
As of March 31, 2024
As of March 31, 2023

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen％

Yen

100,998
90,37648,22339,06847.7
43.2

677.00659.82(Reference) Shareholder’s equity:
As of March 31, 2024 48,223 million yen

As of March 31, 2023 39,068 million 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 informationForward-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.

Consolidated financial statements
Consolidated balance sheet(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims operating
Merchandise and finished goods
Work in processRaw materials and supplies
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 and vehicles,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
Retirement benefit asset
Deferred tax assets
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 March 31, 2024

23,596
17,66425,336
18,540

1,531

2,073

9,691
4,415
3,242
1,552
△4161,652

9,961
4,045
3,280
1,994
△38
65,19556,342△43,555
12,78676,927△57,498

58,576△45,657
12,91878,830△59,317

19,42819,513

6,425△4,926
1,498
7,801
4,324
45,8396,986△5,2601,7267,052
17,06258,273

40
329
370

21
410
431

3,126
827
307
2,412
△23
6,651
52,860

3,865
1,933
401
1,488
△23
7,666
66,371

56
56
114,570

38
38
131,606

(Millions of yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations operating
Current portion of bonds payable
Current portion of long-term borrowings
Accounts payable - other
Lease liabilities
Income taxes payable
Provision for bonuses
Asset retirement obligations
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Lease liabilities
Deferred tax liabilities
Retirement benefit liability
Asset retirement obligations
OtherTotal 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
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 March 31, 2024

10,265

11,568

2,049

1,928

342
10,327
2,359
49
240
552
2
746
26,936

2,492
6,427
3,562
66
338
800
－
1,317
28,501

5,765
21,472
95
914
153
404
48
28,85355,7903,273
25,044
102
970
178
499
122
30,19058,692

22,31016,966
14,171△3,13650,311

24,09618,752
17,523△2
60,369

1,198

1,870

5,455
△118

7,948
627

6,535

10,445

1,931
58,779114,570

2,098
72,913
131,606

Consolidated statement of income(Millions of yen)
Fiscal year ended
March 31, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative
expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Rental income
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Commission expenses
Taxes and dues
Plant shutdown related cots
OtherTotal non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on retirement of non-current
assetsLoss on valuation of investment
securities
Impairment losses
Restructuring costs
Compensation for damage
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-3-

Fiscal year ended
March 31, 2024
83,84071,207
12,63390,56876,267
14,301

10,027

10,771

2,605

3,529

21
127
316
74
382
921

129
295
1,040
74
472
2,012

283
142
81
266
130
904
2,622

33524235－
132
746
4,795

1245
246

51
657

50

204337－521479

※ 107

※ 216

35367
2,502
638
1227601,742－
685
4,167
812
△649
163
4,003

153

148

1,588

3,855

Consolidated statement of comprehensive income(Millions of yen)
Fiscal year ended
March 31, 2023
ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, netof tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to ownersof parent
Comprehensive income attributable to noncontrolling interests-4-

Fiscal year ended
March 31, 2024
1,742

4,003

239

671

3,569

2,588

△353

746

3,454
5,196

4,006
8,010

4,952

7,765

244

244

Consolidated statement of cash flows(Millions of yen)
Fiscal year ended
March 31, 2023
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in provision for bonuses
Increase (decrease) in allowance for
doubtful accounts
Increase (decrease) in retirement benefitliability
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sale of non-current assets
Loss on retirement of non-current assets
Loss (gain) on valuation of investment
securities
Impairment losses
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in accounts payable other
Increase (decrease) in accrued consumption
taxes
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operatingactivities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant andequipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Purchase of insurance funds
Proceeds from cancellation of insurance
funds
Other, net
Net cash provided by (used in) investingactivities-5-

Fiscal year ended
March 31, 2024

2,502
4,752
19
△195

4,167
5,265
19247

△10△5△84△13△149283△369
4204△424335△1,191△50337－

52

144,569△265△3,96279△615732517△2819885337△234
7,136148△284△755

196
10,186425△332△838

6,245

9,440

△6,744△15,8243764△21△10434△55△147△6187△302－1,194△204△75△6,598△14,210(Millions of yen)
Fiscal year ended
March 31, 2023
Cash flows from financing activities
Proceeds from short-term borrowings
Repayments of short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Proceeds from issuance of bonds
Redemption of bonds
Repayments of finance lease liabilitiesProceeds from issuance of shares
Purchase of treasury shares
Proceeds from disposal of treasury shares
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 ofperiod
Cash and cash equivalents at end of period-6-

Fiscal year ended
March 31, 2024

23,490△31,546
21,000△7,5172,467△42△51－△0－△828△638,000△8,00010,000△10,327－△342△644,540
△0
2,155
△502
△77

6,906

5,379

1,163

1,130

7,716

1,740

15,87923,596

23,59625,336