Summary of Consolidated Financial Results
for the Six Months Ended September 30, 2023
(Based on Japanese GAAP)
November 6, 2023
Company name:
CMK CORPORATION
Stock exchange listing:Tokyo
Stock code:
6958
URL https://www.cmk-corp.com/
Representative:
President and Chief Executive Officer
Isao Osawa
Inquiries:
Accounting Department General Manager
Nobutaka Okubo
Scheduled date to file Quarterly Securities Report:
November 10, 2023
Scheduled date to commence dividend payments:―
Preparation of supplementary material on quarterly financial results:
Yes
Holding of quarterly financial results meeting:Yes

TEL

03-5323-0231（Amounts less than one million yen are rounded down）

1. Consolidated financial results for the six months ended September 30, 2023 (from April 1, 2023 to September
30, 2023)(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, 2023
43,2165.4571 △54.1
Six months ended September 30, 2022
40,9886.0
1,245212.1(Note) Comprehensive income:Six months ended September 30, 2023
3,760 million yen (△39.9%)
Six months ended September 30, 2022
6,259 million yen (200.1%)
Net income per share％ Millions of yen

1,677
1,552

8.0
―％

△28.9―

Diluted net income per share
Yen

Six months ended September 30, 2023
Six months ended September 30, 2022

759
1,068

Yen――

12.83
18.05

(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen％

121,306
114,570

61,96958,77949.4
49.6As of September 30, 2023
As of March 31, 2023
(Reference) Shareholder’s equity:
As of September 30, 2023

59,949 million yen

As of March 31, 2023

56,847 million yen

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

2ndquarter end
Yen

Yen―
―

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

3rd
quarter end

0.00
0.00

FiscalYear-end
Yen

Total
Yen

Yen―

8.50

8.50

―

10.00

10.00

(Note) 1. Revisions to dividend forecasts published most recently: No

3．Forecast of consolidated financial results for the year ending March 31, 20242024)
Net sales
Full year(from April 1, 2023 to March 31,(Percentages indicate year-on-year changes)
Profit attributable toOrdinary income
Net income per shareowners of parent

Operating income

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen％

yen

87,000

3.8

3,000

15.1

3,200

22.0

2,000

25.9

33.77

(Note) Revisions to financial forecasts published most recently: Yes※Notes(1)

Changes in significant subsidiaries during the six months ended September 30, 2023
(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 September 30, 2023

63,097,316 shares

As of March 31, 2023

63,077,770 shares

As of March 31, 2023

3,865,795 shares

2) Number of treasury shares at the end of the period
As of September 30, 2023

3,866,618 shares

3) Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2023

59,215,685 shares

Six months ended September 30, 2022

59,198,461 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
the Company 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
Quarterly 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 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
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 September 30, 2023

23,596
17,66425,406
17,784

1,531

1,991

9,691
4,415
3,242
1,552
△4161,652

10,247
4,393
3,293
1,747
△43
64,821

12,786
19,428
7,801
4,324
1,498
45,83912,983
19,982
7,827
7,475
1,763
50,032

40
329
370

31314
345

3,126
827
2,720
△236,651
52,8603,473839
1,770△246,059
56,4385656
114,570

47
47
121,306

(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
Income taxes payable
Provision for bonuses
Asset retirement obligations
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
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 September 30, 2023

10,265

11,706

2,049

1,734

342
10,327
240
552
2
3,155
26,936

42
3,127
509
921
－
3,791
21,835

5,765
21,472
153
404
1,057
28,85355,7905,744
29,908
178
406
1,265
37,502
59,33722,31016,966
14,171△3,13650,311

22,315
16,971
14,427△3,13650,577

1,198

1,598

5,455
△118

7,899
△125

6,535

9,372

1,931
58,779114,570

2,019
61,969121,306

Quarterly consolidated statement of income(Millions of yen)Six months ended
September 30, 2022
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
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Commission expenses
Other
Total 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 assets
Loss on valuation of investment securities
Restructuring costsTotal extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controllinginterests
Profit attributable to owners of parent-3-

Six months ended
September 30, 2023

40,98834,762
6,226

43,21637,541
5,675

1,947
△44
12
△0
3,064

1,939
114
23
1
3,026

4,980

5,104

1,245

571

5
70
394
135
606

70
66
1,029
385
1,552

125
117
55
298
1,552

157
201
86
446
1,677

0－
00
6
7

0
94
－－
94
1,458
305
1,1520118
47
216
382
1,302
476
825

83

65

1,068759

Quarterly consolidated statement of comprehensive income(Millions of yen)Six months ended
September 30, 2022
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-

Six months ended
September 30, 2023

1,152825

60

399

5,074

2,542

△28

△65,106
6,259

2,9343,760

5,941

3,596

317

164

Quarterly consolidated statement of cash flow
(Millions of yen)Six months ended
September 30, 2022
Cash flows from operating activities
Profit before income taxes
Depreciation
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
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in accounts payable other
Increase (decrease) in provision for bonuses
Other, net
SubtotalInterest and dividends received
Interest 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 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) investing
activities-5-Six months ended
September 30, 2023

1,458
2,325
△75125△175094

1,3022,525△137
157△1,057△0118－

472,432△2,061△2,595223
67401△40441

△182
78
1,383
77
△135△365359
95
4,544
143
△160
△188

959

4,338

△2,516△5,350090△12△5－－△4△1187
△287－

1,183

△64

△58△2,598△4,241

(Millions of yen)Six months ended
September 30, 2022
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
Redemption of bonds
Repayments of finance lease liabilities
Purchase 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-

Six months ended
September 30, 2023

15,990△16,212
10,000△643△21△25△0△827△62－－
10,000△8,763△321△29△0△502
△76

8,196

305

1,347

1,407

7,905

1,809

15,87923,59623,78525,406