Summary of Consolidated Financial Results
for the Six Months Ended September 30, 2021
(Based on Japanese GAAP)
November 5, 2021
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 11, 2021
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, 2021 (from April 1, 2021 to September
30, 2021)(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

Six months ended September 30, 2021
38,677399
20.5
Six months ended September 30, 2020
32,100 △25.3△1,560(Note) Comprehensive income:Six months ended September 30, 2021
2,086million yen (―%)
Six months ended September 30, 2020
△2,989million yen (―%)
Net income per share％ Millions of yen％ Millions of yen％――――――

107△1,485

Diluted net income per share
Yen

Six months ended September 30, 2021
Six months ended September 30, 2020

13△1,748Yen

―
―

0.22
△29.53(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen％

96,556
96,501

51,70651,51951.949.8

As of September 30, 2021
As of March 31, 2021
(Reference) Shareholder’s equity:
As of September 30, 2021

50,111million yen

As of March 31, 2021

48,039million yen

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

2ndquarter end
Yen

Yen

―
―

Year ended March 31, 2021
Year ending March 31, 2022
Year ending March 31, 2022(forecast)

3rdquarter end

0.00
0.00

FiscalYear-end
Yen

Total
Yen

Yen

―

0.00

0.00

―

5.00

5.00

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

3．Forecast of consolidated financial results for the year ending March 31, 20222022)
Net sales(Percentages indicate year-on-year changes)
Profit attributable toOrdinary income
Net income per shareowners of parent

Operating income％Millions of yen％

Millions of yen％

yen―
(Note) Revisions to financial forecasts published most recently: Yes

1,500

―

1,100―

18.58

Millions of yen

Full year

77,000％(from April 1, 2021 to March 31,

10.1

Millions of yen

1,800※Notes(1)

Changes in significant subsidiaries during the six months ended September 30, 2021
(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:

Yes

3)

Changes in accounting estimates:

Yes

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, 2021

63,060,164 shares

As of March 31, 2021

63,060,164 shares

As of March 31, 2021

3,864,583 shares

2) Number of treasury shares at the end of the period
As of September 30, 2021

3,864,628 shares

3) Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2021

59,195,546 shares

Six months ended September 30, 2020

59,196,022 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, 2021
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, 2021

17,466
19,771

14,524
15,726

1,622

4,449

4,320
3,744
2,223
1,286
△116
50,318

6,525
3,602
2,512
1,326
△39
48,62811,367
16,113
7,979
2,919
1,188
39,56812,241
17,780
7,760
2,070
1,249
41,103

81
254
335

65
256
321

2,830
1,193
2,247
△286,242
46,147

3,058
1,210
2,235
△286,476
47,90135
35
96,501272796,556

(Millions of yen)
As of March 31, 2021
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations operating
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 sharesTotal 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 September 30, 2021

11,144

11,888

2,683

2,502

3,912
4,572
109
546
124
3,167
26,261

3,824
4,542
190
555
96
3,061
26,662

1,200
16,267104451
695
18,72044,981

1,179
15,62311145381918,18744,85022,306
16,62810,448△3,13546,24722,306
16,962
10,461△3,13546,594

866

1,023

0
632
292

0
2,227
265

1,791

3,517

3,480
51,51996,501

1,594
51,70696,556

Quarterly consolidated statement of income(Millions of yen)Six months ended
September 30, 2020
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 administrativeexpenses
Operating profit (loss)
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit (loss)
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Insurance claim income
Other
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Total extraordinary losses
Profit (loss) before income taxes
Income taxes
Income taxes for prior periods
Profit (loss)
Profit attributable to non-controllinginterests
Profit (loss) attributable to owners of parent－3－

Six months ended
September 30, 2021

32,10029,353
2,746

38,67733,850
4,826

1,644
33
15
77
2,536

1,792
13
15
△81
2,687

4,307

4,427

△1,560

399

845
32
241
327

445－
169
219

123－
129
252
△1,485

101
206
203
511
107

0189－
0190

0－
244－
244

100
53
154
△1,450161
59△1,670

53－
53
298
211－
8677

73

△1,74813Quarterly consolidated statement of comprehensive income(Millions of yen)Six months ended
September 30, 2020
Profit (loss)
Other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, netof taxTotal 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, 2021

△1,67086127157△0△1,15301,869△292△27△1,318△2,989

1,999
2,086

△2,9651,738△24347

(Millions of yen)Six months ended
September 30, 2020
Cash flows from operating activities
Profit (loss) 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
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
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
Proceeds from collection of loans receivable
Other, net
Net cash provided by (used in) investing
activities
Cash flows from financing activities
Proceeds from short-term borrowings
Repayments of short-term borrowings
Proceeds from long-term borrowingsRepayments of long-term borrowings
Proceeds from issuance of bonds
Redemption of bonds
Repayments of finance lease obligations
Purchase of treasury shares
Purchase of investments in capital ofsubsidiaries without change in scope ofconsolidation
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－5－

Six months ended
September 30, 2021

△1,4502,228△53123
65
△0100
3,088
△596
△6837
△1,987
1,487
53
△125
△270298
2,071△50101532
△053
1,643
△2,118102
9256
2,900
50
△105
△35

1,145

2,809

△1,283△3,575

0

266

△99
△5257
0393

△19△5－065△737△3,2685,193△3,193
5,320△1,445724△1,051△103△03,334△3,334－
△752
－
△51
△98
△0－

△1,858

△353
△144

△0
△40

4,945

△2,800△2323175,120△2,942

16,694

17,466

21,815

14,524