CMK CORPORATION（Stock code：6958）

FY2021 Financial Results(presentation material)
May 16, 2022
CMK CORPORATION

1Contents

1.

Consolidated financial results for FY2021

2.

Consolidated financial forecast for FY2022

3.

Supplementary information

2１． Consolidated financial resultsfor FY2021

3

Consolidated financial results for FY2021①Key points of FY2021 Financial results(Billions of yen)

00

00

82.6

81.4

00

69.90000

3.0

 Net sales increased due to recovery
in global automobile sales.

00

00

00

1.6

 Despite the impact of higher procurementcosts etc., operating income improved
due to improved productivity.

000000000-1.6
FY2019FY2020

FY2021Results

Results

Results

Sales

Operating income

4Consolidated financial results for FY2021➁Consolidated Financial results（Billions of yen）

FY2020Results

FY2021Results

YoY
ChangeYoY%

Net sales

69.9

81.4+11.5+17％

Operating income-1.6

3.0+4.6-

-

3.7％

--

Ordinary income-1.5

3.3+4.8-

Profit attributable toowners of parent-1.8

2.7+4.6-

106.44110.39+3.95+4％

Operating margin

Exchange rate（USD/JPY）

5

Consolidated financial results for FY2021③Sales by product（Billions of yen）

FY2021Results

37.2

Car Electronics
FY2020Results

29.5

7.3 0.9

21.9

14.0

81.4

66.5

19.1

8.1 1.0

12.1

69.9

Car Electronics 56.7
Powertrain/Driving control and Safety
Information and Communication
OthersBody Electronics/Climate Control
Mobile communications

 Sales for automotive use increased 17% compared with the FY2020 due tostrong recovery in sales of Powertrain/Driving control.

6Consolidated financial results for FY2021④Analysis of changes in operating income（Billions of yen）

0.87.1

▲0.6
▲0.7
3.0

5.2-15.6-1.6
FY2020Operating income（Results）

Increased inprofit due to thesales increase

Improved
productivity

Exchange ratefluctuation

FY2021
Decreased
Operating income
sales prices and（Results）
increasedprocurement cost etc.

 Despite the impact of higher procurement costs etc., operating income increased due
to an increase sales for automotive use and improved productivity.
7

Consolidated financial results for FY2021⑤Changes in quarterly operating income（Billions of yen）
Operating income

1.2

Operating margin

1.3（6.3％）（6.0％）

10.0

120.5

8.0

0.6（3.2％）（2.6％）

70.1

0.2

0.2
0.1（1.7％）（1.1％）（0.9％）（1.2％）（0.7％）
26.0

0.3

4.0
2.0
0.0

-3-2.0-0.4-0.5-8-4.0（-2.5％）（-3.3％）

-6.0

-1.0

（-6.5％）

-13

1Q

2Q

3Q

20/3期
FY2019

4Q

1Q

2Q

3Q

FY2020
21/3期

-8.0

4Q

1Q

2Q

3Q
22/3期
FY20214Q
8

2．Consolidated financial forecast
for FY2022

9Consolidated financial forecast for FY2022➀Consolidated Financial forecast and Annual Dividends（Billions of yen）

FY2021Results

FY2022
Forecast

YoY
ChangeYoY%

81.4

82.0

+0.5

+1％

3.0

3.0

3.7％

3.7％-0.0--1％-Ordinary income

3.3

2.9-0.4-12％

Profit attributable toowners of parent

2.7

2.1-0.6-25％

Annual dividends
per share

14.00

11.00

Dividend payout ratio

29.8％

31.0％

Net sales
Operating income
Operating margin※Exchange rate（USD/JPY）120.00

10

Consolidated financial forecast for FY2022②Sales by product（Billions of yen）

FY202241.5

Forecast

Car Electronics
FY2021

37.2

ResultsCar Electronics

5.0 1.3 11.0

23.2

82.0

69.7
21.9

7.3 0.9

14.0

81.4

66.5

Powertrain/Driving control and Safety

Body Electronics/Climate Control

Information and Communication

Mobile communicationsOthers Sales of Powertrain/Driving control and Safety will be expected to increase by 12%compared with the FY2021.

11

Consolidated financial forecast for FY2022③Analysis of changes in operating income（Billions of yen）

7.1
0.1

0.2

▲0.2

▲0.1

-15.6 3.0

3.0

FY2021
Operating income（Results）

Increased inprofit due to thesales increase

Improvedproductivity

Exchange ratefluctuation

Decreasedsales prices andincreased
procurement cost etc.

FY2022
Operating income（Forecast）

12

3． Supplementary information

13

Supplementary information➀Sales by product（Billions of yen）

FY2021Results

YoY
ChangeYoY%

FY2022
Forecast

56.7

66.5

+9.7

+17%

69.7

Powertrain/Driving control and Safety

29.5

37.2

+7.7

+26％

41.5

Body Electronics/Climate Control

19.1

21.9

+2.8

+15％

23.2

Information and Communication

8.1

7.3

-0.7

-10％

5.0

1.0

0.9

-0.0

-9%

1.3

Others

12.1

14.0

+1.8

+15％

11.0

Total

69.9

81.4

+11.5+17%

82.0

Car Electronics
Breakdown

FY2020Results

Mobile communications※AV equipment, Digital still camera, Amusement include “Others”

14Supplementary information➁Sales by type of PCBs
（Billions of yen）

FY2020Results

FY2021Results

YoYChange

YoY%

FY2022
Forecast

HDI PCBs

18.4

21.0+2.6+14％

22.5

Multilayered PCBs

36.3

44.0

+7.7

+21％

44.5

Double-sided PCBs

9.7

10.6

+0.8

+9％

11.2

Others

5.3

5.6+0.3

+7％

3.7

Total

69.9

81.4

+11.5

+17％

82.015

Supplementary information➂Financial results by region
FY2020Results（Billions of yen）

Japan
China
Southeast Asia
Europe &North America
Adjustment
Consolidated

FY2021Results

YoY
ChangeYoY%

FY2022
Forecast

Sales

44.3

49.4

+5.1

+12％

49.5

Operating income-1.0

2.2+3.3

-1.4

Sales

23.3

29.9

+6.6

+29％

35.5

0.5

0.7+0.1

+33％

1.6

Sales

19.3

25.2

+5.9

+31％

27.0

Operating income-0.7

1.0+1.8

-1.0

Sales

3.9

3.7

-0.2

-6%

3.6

Operating income

0.1

0.1-0.0

-24％

0.1

▲20.9

▲26.9-5.9-▲33.6

Operating income▲0.5▲1.1-0.6-▲1.1Sales

69.9

81.4+11.5

+17％

82.0

Operating income-1.6

3.0+4.6-

Operating income

Sales

3.0 16

Supplementary information➃Capital investment（Billions of yen）

FY2020Results

FY2021Results

YoY
ChangeFY2022
ForecastJapan

1.5

4.0+2.5

4.8

Overseas

2.2

2.2

-0.0

3.5

Consolidated

3.7

6.2+2.4

8.3

Depreciation cost

4.4

4.2

-0.2

4.5
17

Supplementary information➄-1 CASE and New businesses roadmap
Automotive roadmap

C

ConnectedA
Autonomous

2022

2030

Probe information
applicable NAVI
Wirelesscommunication
system

V2V communication
ACC・ISA

SharedEElectricAutonomous
optimal route guidancehigh-speed wireless communication
systemFusion of AI and wireless communications.

Level 3

Level 4

Level 5Autopilot driving on the freeway

High Driving Automation (freeway)

Fully Autonomous

Collision damage reduction control for pedestrians
and obstacles

S2040

Car-sharingxEV penetration rate
16%

Ride-sharing
Self-driving taxi

Optimal collision avoidance control for autonomous
driving
On-demand + AI transportation servicexEV penetration rate51%

xEV penetration rate80%

※Prepared in our company with reference to the Society of Automotive Engineers of Japan “Technology Roadmap“ of "Future vision : 2050 Challenge"

New businesses
Communication
infrastructure

Initial 5G

5G Evolution※Prepared in our company with reference to the Ministry of Internal Affairs and Communications " Beyond 5G Promotion Strategy -6G Roadmap."

Beyond 5G（６G）18

Supplementary information➄-2 CASE and New businesses roadmap
Products

PCB requirement

Our technologicalinnovation

Connected

Data communication module
5G,V2X
Infotainment IVI

Low loss
SoC processors

Low dielectric material,
characteristic impedance control
Multiple stacked vias HDI, Fine circuit MSAP

AutonomousMillimeter wave Radar
Sensing cameraStable accuracy of antennacircuit,
Downsized unit, 3D

High-definition circuit pattern MSAP
Multiple stacked vias HDI, High-thickness
Rigid-Flex

SharedAI-equipped
Unit for infrastructure

AI processors
High layer count,
Small Diameter VIA

Electric

Integrated ECUPower module

Signal circuit and Power mix
High withstand voltage, Highcurrent PCB and Heat
resistance

Heavy copper circuit, Inner layer copper
core, High heat radiation material
Highly insulating resist, Heat Dissipation
simulation

５G
Base station small cellHigh layer count, low loss
High density, Fine circuit

Low dielectric material, High layer count,
High aspect ratio
Subtract-process fine circuit, Back Drill

Market needs

CAS

E5G

New businesses
Communication
infrastructure

Low dielectric material ,characteristic impedance control
Multiple stacked vias HDI , High aspect ratio

19Supplementary information⑥Technology roadmap
Our technological innovation

FY2021

FY2022

FY2023Highdensity

AHighfunctionSHighfrequency

High
heat
dissipation

E5GHighlayer

FY2024FY2025

FY2026Mass-produced

Multiple stacked BVH HDIC

2nd Medium-Term
Management Plan

1st Medium-Term
Management Plan

Mass-production

Trial

AnyLayer HDI

Mass-production

Trial

Fine circuit MSAP

Development

High-definition circuit MSAP

Trial

High thickness Rigid-Flex

Development

Trial

Mass-production

Low loss

Development

Trial

Mass-production

Mass-production

characteristic impedance control±10％(actual measurementcontrol)±10％(processguarantee)

simulation control

Heavy copper＋Signal circuit

Development

Trial

Mass-production

High heat conduction
High aspect Ratio
Subtract-Process fine circuit

Development

AR21

AR12
Development

Mass-production

Trial

Trial

AR24
Mass-production2020Supplementary information⑦Efforts for a Sustainable Society
Established a sustainability basic policy based on our corporate policy of “Development and Sustainability."
Aiming to realize a sustainable society and enhance corporate value by contributing to society through measures for climate change, human rights, andproducts, and by strengthening management foundations

Smart e-changes 30

Tasks

Activities

Energy conservation

・Daily energy-saving activities(continuous promotion of reduction of SEC)
・Replacing R22 refrigeration equipment ⇒3 year plan▲
Energy conversion

Structures▲

・Introduction of photovoltaic power generation▲
・Introduction of hydrogen fuel equipment
・Introduction of EV
・Introduction of renewable energy⇒Mandatory in 2023

TCFD
(for the Prime Market)

・Disclosure of CG Code・GHG Scope⇒Disclosure of TCFD Framework in June, 2022
Revise after July, 2022

Visualization

・Dissemination to employees
・Breakdown of SEC（Introduction of measuring instruments→Review of SEC→LCA）

International standard

・Consideration of participation in international
initiatives

2030
46% reduction in domestic CO2 emissions（Compared with 2013）

Reduction of CO2emissions

Efforts toward Decarbonization

Step 1:
Strengthening
Environmental Activities
toward the Goals of theSDGs in 2030

2050

46% reduction indomestic CO2emissions

2030

Step 2:Reducing drastic CO2
emissions to contributeto climate change
mitigation

Achieving Carbon
neutrality

21

Future-related information and descriptions in this material are justforward-looking statements and not guarantees for future achievements(Amounts are rounded, and % is rounded to one decimal place.)

END

22