CKD Corporation andConsolidated Subsidiaries
Consolidated Financial Statements
for the Years Ended
March 31, 2019 and 2018

Table of Contents of Supplementary Materials
1. Overview of business results ................................................................................................................. 2(1) Overview of business results for the fiscal year ................................................................................. 2(2) Financial position ............................................................................................................................... 2(3) Cash flows ......................................................................................................................................... 3(4) Future outlook .................................................................................................................................... 4(5) Basic policy for allocation of profit and dividends for FY2018 and FY2019 ....................................... 4
2. Basic approach to selection of accounting standards ........................................................................... 4
3. Consolidated financial statements and major notes .............................................................................. 5(1) Consolidated balance sheets ............................................................................................................. 5(2) Consolidated statements of income/Consolidated statements of comprehensive income ................. 7
Consolidated statements of income .................................................................................................. 7
Consolidated statements of comprehensive income ......................................................................... 9(3) Consolidated statement of changes in net assets ........................................................................... 10(4) Consolidated statements of cash flows ............................................................................................ 12(5) Notes to the consolidated financial statements ................................................................................ 13
Notes regarding assumptions as a going concern ........................................................................... 13
Material Items which form the basis for preparation of the consolidated financial statements ......... 13
Changes in methods of presentation ............................................................................................... 16
Segment Information, etc. ................................................................................................................ 16
Per share information ....................................................................................................................... 20
Material subsequent events ............................................................................................................. 20
4. Others ................................................................................................................................................. 21(1) Production, orders, and sales .......................................................................................................... 21(2) Change of officers ........................................................................................................................... 21

1

1. Overview of business results(1) Overview of business results for the fiscal year
[1] Review of the fiscal year
Japanese economic conditions continued improving employment and income in the consolidated fiscal year under review.
Corporate earnings improved with firm domestic demand and a moderate increase in exports. In the second half, however,sales decreased, particularly for manufacturers, due mainly to slowing economic growth in China. Capital expenditurecontinued in production streamlining and labor-saving, but became more cautious as the US-China trade friction cast ashadow over the future outlook.
In overseas, US exports to China decreased while internal demand in the US remained strong. Europe started the year
steady, but the economic conditions slowed down in the second half. China’s economic growth slowed due to the trade
friction with the United States.
In these conditions, the CKD Group’s consolidated results for the fiscal year under review came out with net sales of¥115,665 million, down 0.03% year on year; operating income of ¥5,429 million, down 56.5%; and ordinary income of¥5,425 million, down 56.5%. Net income attributable to owners of parent was ¥4,793 million, down 47.6%.
[2] Results of operations by segment
Automatic Machinery Products
Industrial machinery sales increased in the 3D solder paste printing inspection machines and the lithium-ion battery
production system businesses. In the automatic packaging system business, sales for pharmaceuticals decreased.
Overall, segment sales declined 1.9% year on year to ¥16,027 million, but improved in profitability resulted in segment
income rising 20.9% year on year to ¥1,422 million.
Component Products
Sales in Japan turned sharply downward in the third quarter as the brisk investment that had continued from the previous
fiscal year in semiconductor manufacturing equipment, particularly for memory production equipment, started to be
postponed or canceled.
Sales overseas similarly briskly expanded in the first half, then turned downward in the third quarter due to slowing capital
investment in automation in China, in addition to decreased investment in semiconductor manufacturing equipment.
Overall, segment sales amounted to ¥99,638 million, up 0.3% year on year. Segment income was ¥8,582 million, down
45.8% year on year. The decline in income was largely due to increased spending to increase production capacity torespond to the rising order volume since the previous fiscal year along with costs switching to a new ERP system.

(2) Financial position
The total assets at the end of the fiscal year was ¥136,961 million, up ¥6,073 million from the end of the previous fiscal
year. The main factors included increases in inventories and property, plant and equipment, despite decreases in cash anddeposits, notes and accounts receivable-trade, and investment securities.
Total liabilities were ¥56,516 million, up ¥5,687 million from the end of the previous fiscal year. This was mainly due to anincrease in loans payable, despite decreases in notes and accounts payable-trade, accrued bonuses, and income taxes
payable.
Total net assets were ¥80,444 million, up ¥386 million from the end of the previous fiscal year.
The shareholders’ equity to asset ratio was 58.6%, a 2.4 point decrease from the previous fiscal year.

2(3) Cash flows
Cash and cash equivalents (hereinafter, cash) at the end of the fiscal year was ¥12,028 million, which was ¥2,771 million
lower than that at the end of the previous consolidated fiscal year.
Changes in consolidated cash flows by categories through the end of the fiscal year were as follows:
Cash flows from operating activities
Through the end of the fiscal year under review, net cash used in operating activities was ¥2,254 million (compared with
¥5,542 million provided by operating activities in the previous fiscal year).
Factors contributing positively to cash flows from operating activities were income before income taxes of ¥5,846 million,
depreciation and amortization of ¥5,173 million, an increase in provision for bonuses of ¥1,744 million, and a decrease innotes and accounts receivable-trade of ¥3,873 million. These cash flows were offset by a decrease in accrued bonuses of¥2,362 million, an increase in inventories of ¥5,220 million, a decrease in notes and accounts payable-trade of ¥6,328, adecrease in advances received of ¥263 million, and income taxes paid of ¥3,932 million.
Cash flows from investing activities
Through the end of the fiscal year under review, net cash used in investing activities was ¥14,867 million (up 104.4% YOY).
The factor contributing positively to cash flows from investing activities was proceeds from sales of investment securitiesof ¥1,516. These cash flows were offset by purchase of property, plant and equipment of ¥15,946 million and purchase ofintangible assets of ¥364 million.
Cash flows from financing activities
Through the end of the fiscal year under review, net cash provided by financing activities was ¥14,374 million (up 461.5%
YOY).
Factors contributing positively to cash flows from financing activities were net increase (decrease) in short-term loans
payable of ¥5,309 million and proceeds from long-term loans payable of ¥16,015 million. These cash flows were offset by
repayment of long-term loans payable of ¥4,351 million, and cash dividends paid of ¥2,473 million.
Reference: Changes in cash flow-related indexes
FY endedMar. 2015

FY endedMar. 2016

FY endedMar. 2017

FY endedMar. 2018

FY endedMar. 2019

Shareholders’ equity ratio (%)

68.3

68.9

66.7

61.1

58.6

Shareholders’ equity ratio basedon current market price (%)

73.2

59.7

82.0

112.0

45.1

Ratio of interest-bearing debt tocash flow (times)

0.9

0.6

0.4

2.1

-12.7

Interest coverage ratio (times)

141.4

165.3

259.4

77.1

-22.6

Shareholders’ equity ratio (%) = total shareholders’ equity ÷ total assets
Shareholders’ equity ratio based on current market price (%) = total market value of common stock ÷ total assets
Ratio of interest-bearing debt to cash flow (times) = interest-bearing debt ÷ cash flow
Interest coverage ratio (times) = cash flows ÷ interest payments
Notes: 1. All indicators are calculated based on consolidated financial figures.
2. Total market value of common stock is calculated based on the number of shares outstanding, excluding
treasury stock.
3. Cash flows provided by (used in) operating activities are used for figures for cash flow.
4. Interest-bearing debt includes all balance-sheet debt for which interest payments are being made. For figuresof interest paid, interest payments are those amounts of interest paid from consolidated financial statements ofcash flows.

3(4) Future outlook
In the coming fiscal year, we anticipate stable employment conditions supporting ongoing firm consumer spending inJapan. However, we expect exports to be sluggish as overseas economic growth continues to slow, particularly in China.
We also anticipate the brisk growth in capital investment to slow as investment in production streamlining and labor-saving
loses momentum.
However, it will be important to watch the trade friction between the USA and China, along with geopolitical risks and theeffects of exchange fluctuations.
Below are the consolidated projections for the next fiscal year.
These are based on an exchange rate of ¥110 to the U.S. dollar.
(Million yen)
For the six months
ending Sept. 2019

Full fiscal year

Net sales

50,000106,000

Operating income

1,400

5,700

Ordinary income

1,400

5,700

Net income attributable to
1,000
4,000
owners of parent
These projections are based on information available as of this release. The actual results may differ due to various
factors.

(5) Basic policy for allocation of profit and dividends for FY2018 and FY2019
CKD’s basic policy for returning profits to shareholders is to carry out investment such as facility investment and researchand development investment to enhance the foundation of our management and further expand business, thereby raisethe value of our Company, while also returning steady dividends to our shareholders as guideline for dividend payout ratioof 30%.
Under this policy, it was decided at the directors’ meeting on May 15, 2019 that year-end dividends of ¥8 per share would
be paid on June 6, 2019. Combined with the ¥20 per share paid as interim dividends in December 2018, this makes a totalof ¥28 per share for the year, a ¥9 decrease on the previous year.
Projected dividends for the next fiscal year are ¥8 per share at the end of the second quarter and year-end dividend of ¥12
per share, for a total of ¥20 per share.

2. Basic approach to selection of accounting standards
To enable comparison between companies and years, the CKD Group creates its consolidated financial statements
according to “the Rules for Terminology, Forms, and Preparation of Consolidated Financial Statements (Ordinance of the
Ministry of Finance No. 28 in 1976)” (excluding Chapter 7 and 8).
When applying international accounting standards, domestic and overseas information is considered and applied as
appropriate.

4(3) Consolidated statement of changes in net assets
Fiscal year ended March 31, 2018 (April 1, 2017 to March 31, 2018)(Million yen)
Shareholders' equity
Capital stock
Balance at the beginning ofcurrent period
Changes of items during theperiodCapital surplus

11,016

Retained earnings

12,372

Total shareholders'equityTreasury stock

49,723(4,906)

68,206

Dividends from surplus(2,043)(2,043)

Net income attributable toowners of parent

9,142

9,142

Purchase of treasury stock
Disposal of treasury stock
Employee encouragement
and welfare fund
Purchase of shares of
consolidated subsidiaries
Net changes of items otherthan shareholders' equity
Total changes of items during
the period
Balance at the end of current
period

0

(2)

(2)

0

0

(9)

(9)

11

11

㸫

11

7,089

(2)

7,097

11,016

12,38356,812(4,908)75,304

Accumulated other comprehensive income
Valuation
Total accumulated Non-controlling
Foreign currency Remeasurements
difference on
otherinterests
translationof defined benefit
available-for-salecomprehensive
adjustment
plans
securities
incomeBalance at the beginning ofcurrent period
Changes of items during theperiod

2,653

1,323

(1,225)2,751

㸫

Total net assets

70,957

Dividends from surplus(2,043)

Net income attr butable toowners of parent

9,142

Purchase of treasury stock(2)

Disposal of treasury stock

0

Employee encouragement
and welfare fund
Purchase of shares of
consolidated subsidiaries
Net changes of items otherthan shareholders' equity
Total changes of items during
the period
Balance at the end of current
period

(9)
11
1,203

363

326

1,893

109

2,002

1,203

363

326

1,893

109

9,100

3,857

1,686

(899)

4,644

109

80,05810

Fiscal year ended March 31, 2019 (April 1, 2018 to March 31, 2019)(Million yen)
Shareholders' equity
Capital stock
Balance at the beginning ofcurrent period
Changes of items during theperiodCapital surplus

11,016

Retained earnings

12,383

Total shareholders'equityTreasury stock

56,812(4,908)75,304

Dividends from surplus(2,476)(2,476)

Net income attributable toowners of parent

4,793

4,793

Purchase of treasury stock
Disposal of treasury stock
Employee encouragement
and welfare fund
Purchase of shares of
consolidated subsidiaries
Net changes of items otherthan shareholders' equity
Total changes of items during
the period
Balance at the end of current
period

6

(0)

(0)

3

9

(10)

(10)
㸫

㸫

6

2,306

3

2,315

11,016

12,39059,119(4,905)77,619

Accumulated other comprehensive income
Valuation
Total accumulated Non-controlling
Foreign currency Remeasurements
difference on
otherinterests
translationof defined benefit
available-for-salecomprehensive
adjustment
plans
securities
incomeBalance at the beginning ofcurrent period
Changes of items during theperiod

3,857

1,686

(899)

4,644

109

Total net assets

80,058Dividends from surplus(2,476)

Net income attr butable toowners of parent

4,793

Purchase of treasury stock(0)

Disposal of treasury stock

9

Employee encouragement
and welfare fundChange in the scope of
consolidation
Net changes of items otherthan shareholders' equity
Total changes of items during
the period
Balance at the end of current
period(10)
㸫(1,740)(258)

41(1,958)28(1,929)(1,740)(258)

41(1,958)

28

386

2,117

1,427

(858)

2,686

138

80,44411

(5) Notes to the consolidated financial statements
Notes regarding assumptions as a going concern
Not applicable
Material Items which form the basis for preparation of the consolidated financial statements
1. Scope of consolidation
Consolidated subsidiaries: 20 companies
The names of companies:(4 Japanese companies)CKD Shikoku Seiko CorporationCKD Global Service CorporationCKD Field Engineering CorporationCKD NIKKI DENSO CO., LTD.
(16 overseas companies)CKD THAI CORPORATION LTD.
CKD SINGAPORE PTE. LTD.
CKD USA CORPORATIONCKD Korea Corporation
M-CKD PRECISION SDN. BHD.
CKD (China) Corporation
CKD (Shanghai) Corporation
Taiwan CKD CorporationCKD VIETNAM ENGINEERING CO., LTD.
PT CKD TRADING INDONESIAPT CKD MANUFACTURING INDONESIACKD ILLINOIS LLC
CKD MEXICO, S. de R.L. de C.V.
CKD India Private Limited
CKD Europe B.V.
Nikki Denso International Korea Co., Ltd.
2. Application of equity method
Non-consolidated subsidiaries accounted for by the equity method: 1 company
Name of the company: EPSITEC S.R.L.
3. Fiscal year of consolidated subsidiaries
Among the consolidated subsidiaries, the fiscal year-ends on December 31 for CKD (China) Corporation, CKD(Shanghai) Corporation, and CKD MEXICO S. de R.L. de C.V., and we provisionally close their accounts on the
consolidated closing date (March 31).

13

4. Accounting policies(1). Basis and method of evaluation of significant assets[1] Marketable Securities
Available-for-sale securities
With market value: At fair market value as of the account closing date (changes in fair value are accounted forunder the direct addition to the net assets method, and the moving average method is used
to calculate the sale value.)
Without market value: At cost, as determined by the moving average method[2] Derivatives
At fair value[3] Inventories
a. Merchandise Automatic machineries
Recorded at cost using the individual method (values on the balance
and finishedsheet are subject to the book value reduction method based on
goods
decreased profitability)b. Work-inprocess

Components
merchandise andfinished goods

Mainly recorded at cost using the periodic average method (values on
the balance sheet are subject to the book value reduction method
based on decreased profitability)

Automatic machineries
work-in-process

Recorded at cost using the individual method (values on the balance
sheet are subject to the book value reduction method based on
decreased profitability)

Components
work-in-process

Mainly recorded at cost using the periodic average method (values on
the balance sheet are subject to the book value reduction method
based on decreased profitability)c. Raw materials Raw materials
and supplies
Supplies

Mainly recorded at cost using the periodic average method (values on
the balance sheet are subject to the book value reduction method
based on decreased profitability)
Mainly recorded at cost using the last purchase price method (values
on the balance sheet are subject to the book value reduction method
based on decreased profitability)(2) Depreciation methods for material depreciable assets[1] Property, plant and equipment (excluding lease assets)
Mainly calculated by the declining-balance method.
Useful lives of property, plant and equipment are as follows:
Buildings and structures: 3-50 years
Machinery, equipment and vehicles: 3-17 years[2] Intangible assets (excluding lease assets)
Calculated by the straight-line method.
Capitalized software for internal use is amortized by the straight-line method over the estimated internal useful life
(5 years).
[3] Lease assets
The method employed is to take the useful life of the asset as the term of the lease and depreciate the residual
value to zero.
(3) Accounting for reserves and allowances[1] Allowance for doubtful accounts
To prepare for the possible losses on doubtful accounts, provisions for normal accounts in good standing arecalculated using historical default ratios. Provisions for specific doubtful accounts are calculated by examining theprobability of recovery for individual accounts and setting aside an amount equivalent to the portion deemed to be
unrecoverable.

14[2] Provision for bonuses
To cover bonus payments to employees, a provision for bonuses is made based on an estimated amount of
payment for the year under review.
[3] Provision for product warranties
To prepare for claims regarding products delivered to customers, a provision for a reasonably projectable amount ofexpenses to be incurred in the future is made.
[4] Provision for losses on order received
To prepare for losses related to future order contracts, a provision for the estimated losses at the end of the current
consolidated fiscal year is made.
[5] Provision for environmental Measures
To prepare for expenses related to the management of waste and removal of harmful substances obligated underlaws and regulations, a provision for a reasonably projectable amount of expenses is made.
(4) Accounting treatment of retirement benefits[1] Method of attributing expected benefit to periods
In calculating retirement benefit obligations, expected benefits are attributed to periods on a payment calculationbasis.
[2] Accounting method of actuarial gains and losses and prior service costs
Prior service costs are amortized on a straight-line basis over a certain period (12 years) within the averageremaining service years for employees at the time of recognition.
Actuarial gains and losses are amortized on a straight-line basis over a certain period (12 years) within the averageremaining service years for employees at the time of recognition and allocated proportionately from the fiscal year
following the respective fiscal year of recognition.
[3] Adoption of simplified method for small-scale companies
The simplified method payment, which assumes benefit obligations to be equal to the benefits payable assuming
the voluntary retirement of all employees at fiscal year-end, is applied to some consolidated subsidiaries in thecalculation of liabilities regarding the payment of retirement benefits and retirement benefit expenses.
(5) Accounting method of material revenues and expenses
The percentage-of-completion method is applied to construction projects recognized to hold certainty of outcomes forthe portion completed by the end of the consolidated fiscal year under review, while the completed-contract method isapplied to the remaining construction projects. Moreover, the cost-to-cost method is applied for the percentage ofcompletion estimate at the end of the consolidated fiscal year under review for construction projects that use thepercentage-of-completion method.
(6) Foreign currency translation of material assets and liabilities
Monetary assets and liabilities denominated in foreign currencies are translated at the current exchange rates in effectat each fiscal year-end date and the resulting foreign exchange gains or losses are recognized as income or
expenses.
Assets and liabilities of the foreign consolidated subsidiaries are translated at the current exchange rates in effect ateach fiscal year-end date, and revenue and expense accounts are translated at the average rate of exchange in effectduring the year. The amounts of translation adjustments are included in the foreign currency translation adjustments
under net assets.
(7) Scope of cash equivalents in consolidated statements of cash flows
Currency on hand, bank deposits, and all highly liquid short-term investments with a maturity of three months or lesswhen purchased and which are readily convertible into cash and are exposed to insignificant risk of changes in value
are considered cash equivalents.
(8) Other material items for preparing the consolidated financial statements
Accounting for Consumption Tax
The accounting treatment of the consumption tax and the local consumption tax is based on the tax exclusion method.

15

Changes in methods of presentation(Changes stipulated under the Partial Amendments to Accounting Standard for Tax Effect Accounting).
In accordance with the Partial Amendments to Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28,
February 16, 2018), beginning with the consolidated fiscal year under review, the Company has changed to include
deferred tax assets in “investments and other assets” and deferred tax liabilities under “noncurrent liabilities.”
Due to this change, in the consolidated balance sheets for the previous fiscal year, deferred tax assets under current
assets decreased by ¥2,045 million, and deferred tax assets under investments and other assets increased by ¥112 million.
On the other hand, deferred tax liabilities under noncurrent liabilities decreased by ¥1,933 million.
Furthermore, deferred tax assets and deferred tax liabilities of the same taxable entity were shown after offset, resulted indecreasing total assets by ¥1,933 million compared to the previous methods of presentation.
Segment information, etc.
(Segment information)
1. Outline of reporting segments
The reporting segments of the CKD Group refers to the constituents of CKD and its subsidiaries that separate financial
statements are available and that are the scope of regular discussion by the Board of Directors of CKD to determine
how corporate resources are to be allocated and to evaluate business performance.
The constituents of the CKD Group consist of product segments, which include two reporting segments of ‘Automatic
Machineries’ and ‘Components’ separated based on the type, properties, and sales method of products.
In Automatic Machineries Products, automatic packaging system, lithium ion battery manufacturing system, and otherlarge-scale facilities are manufactured and sold. They are produced upon receiving an order.
In Component Products, functional parts that can be applied to semiconductor-related businesses, automobile-relatedindustries, and other markets of diversified kinds are manufactured and sold. They are produced by forecasting
demands of each item.
2. Calculation methods of sales, income/loss, assets, liabilities and other accounting items for each reporting segment
The accounting methods used for financial statements of respective reporting segments are basically the same as thosestated in “Important matters fundamental to the preparation of consolidated financial statements.”
The income in each reporting segment are based on operating income. Internal gains and amount of transfer among
segments are based on current market prices.

16

3. Information on reporting-segment-wise sales, income/loss, assets, liabilities, and other accounting items
Fiscal year ended March 31, 2018 (April 1, 2017 to March 31, 2018)(Million yen)Amount shown
Reporting segmentin theAmountconsolidated
Adjustedfinancial
Automatic(Note 1)
Components
Total
statement
Machineries(Note 2)
Net sales
Sales to external customers

16,34499,355

115,700㸫

115,700

0

84

84

(84)

㸫

Total

16,34599,439115,784(84)

115,700

Segment income

1,176

15,831

17,007(4,534)

12,472

Segment assets

20,47998,054

118,533

12,353130,887

822

3,175

3,997

233

4,230

569

8,221

8,791

631

9,422

Intersegment sales ortransfers

Other items
Depreciation andamortization
Increase in property, plantand equipment andintangible assets

Note 1: Details of the amount adjusted
1. The amount of adjustment for ‘Net sales’ of ¥(84) million is derived from elimination of transactions among
segments.
2. The amount of adjustment for ‘Segment income’ of ¥(4,534) million includes ¥34 million for elimination oftransactions among segments and ¥(4,568) million as the total company expenses that are not allocated toeach reporting segment. The total company expenses mainly refers to expenses related to administration andlong-term R&D expenses of CKD and costs related to CKD Global Service Corporation.
3. The amount of adjustment for ‘Segment assets’ of ¥12,353 million is the total company assets not allocated toeach reporting segment. This mainly consists of working surplus funds (cash and deposits) and long-term
investment funds (investment securities).
4. The amount adjusted for depreciation of ¥233 million consists of depreciation related to assets for the entire
Company.
5. The amount adjusted for increase in property, plant and equipment and intangible assets of ¥631 million
consists of the amount of property, plant and equipment and intangible assets for the entire Company.
Note 2: ‘Segment income’ has already been adjusted with operating income shown in the consolidated statement ofincome.

17

Fiscal year ended March 31, 2019 (April 1, 2018 to March 31, 2019)
Reporting segment(Million yen)Amount shownin theconsolidated
financialstatement(Note 2)

AmountAdjusted(Note 1)

Automatic
MachineriesComponents

16,027

99,638

115,665

㸫

115,665

㸫

85

85

(85)

㸫

Total

16,027

99,723

115,750(85)

115,665

Segment income

1,422

8,582

10,004(4,575)

5,429

Segment assets

19,398105,593

124,992

11,968

136,961

765

4,131

4,896

276

5,173

636

13,843

14,480362

14,843Total

Net sales
Sales to external customers
Intersegment sales ortransfers

Other items
Depreciation andamortization
Increase in property, plantand equipment andintangible assets

Note 1: Details of the amount adjusted
1. The amount of adjustment for ‘Net sales’ of ¥(85) million is derived from elimination of transactions among
segments.
2. The amount of adjustment for ‘Segment income’ of ¥(4,575) million includes ¥32 million for elimination oftransactions among segments and ¥(4,608) million as the total company expenses that are not allocated toeach reporting segment. The total company expenses mainly refers to expenses related to administration andlong-term R&D expenses of CKD and costs related to CKD Global Service Corporation.
3. The amount of adjustment for ‘Segment assets’ of ¥11,968 million is the total company assets not allocated toeach reporting segment. This mainly consists of working surplus funds (cash and deposits) and long-term
investment funds (investment securities).
4. The amount adjusted for depreciation of ¥276 million consists of depreciation related to assets for the entire
Company.
5. The amount adjusted for increase in property, plant and equipment and intangible assets of ¥362 million
consists of the amount of property, plant and equipment and intangible assets for the entire Company.
Note 2: ‘Segment income’ has already been adjusted with operating income shown in the consolidated statement ofincome.

18

(Related information)
Fiscal year ended March 31, 2017 (April 1, 2017 to March 31, 2018)
1. Information regarding products and services
Disclosure is omitted as the same information is disclosed in segment information.
2. Information regarding each region[1] Net sales(Million yen)
Japan

China
83,518Rest of Asia
13,360Other

15,168

Total
3,652

115,700

Note: 1. Net sales are classified by country or region based on the customer’s location.
2. The amount under “Rest of Asia” is net sales in Asia excluding both Japan and China.
[2] Property, plant and equipment(Million yen)
Japan

China
26,968

Other
5,462

Total
768

33,1993. Information by principal customer
Of the net sales to outside customers, there are no customers accounting for 10% or more of total net sales under the
consolidated statements of income.
Fiscal year ended March 31, 2019 (April 1, 2018 to March 31, 2019)
1. Information regarding products and services
Disclosure is omitted as the same information is disclosed in segment information.
2. Information regarding each region[1] Net sales(Million yen)
Japan

China
84,515Rest of Asia
13,016

Other

14,236

Total
3,897

115,665

Note: 1. Net sales are classified by country or region based on the customer’s location.
2. The amount under “Rest of Asia” is net sales in Asia excluding both Japan and China.
[2] Property, plant and equipment(Million yen)
Japan

China
34,604

Other
7,106

Total
933

19

42,644

3. Information by principal customer
Of the net sales to outside customers, there are no customers accounting for 10% or more of total net sales under the
consolidated statements of income.
(Information on impairment losses on noncurrent assets by reporting segment)
None applicable(Information related to the amount of amortization of goodwill and the unamortized amount of goodwill by reporting
segment)
None applicable(Information on gain on bargain purchase by reporting segment)
Fiscal year ended March 31, 2018 (April 1, 2017 to March 31, 2018)
Due to the acquisition of shares in NIKKI DENSO CO., LTD (trade name changed to CKD NIKKI DENSO CO., LTD. on
June 1, 2017) resulting in it becoming a consolidated subsidiary, gain on bargain purchase of ¥149 million was recordedin the “Component Products” segment. For reference, as gain on bargain purchase is extraordinary income, it is notincluded in the income of the reporting segment.
Fiscal year ended March 31, 2019 (April 1, 2018 to March 31, 2019)
None applicable
Per share information
FY2017(April 1, 2017
to March 31, 2018)

FY2018(April 1, 2018
to March 31, 2019)

Yen

Yen

Net assets per share

1,291.26

1,296.94

Net income per share

147.6577.42

Notes: 1. There are no latent shares and no figures for net income per share after adjustment for latent shares has been
disclosed.
2. Basis for calculations of net income per share
FY2017(April 1, 2017
to March 31, 2018)

FY2018(April 1, 2018
to March 31, 2019)

Net income per share
Net income attributable to owners of parent (Million yen)
Value not attributable to common stock (Million yen)
Net income attributable to common stock and owners ofparent (Million yen)
Average number of outstanding shares during the period(Thousand shares)

Material subsequent events
None applicable

20

9,142

4,793

㸫

㸫

9,142

4,793

61,916

61,918

4. Others(1) Production, orders, and sales[1] Actual production
The table below shows actual production by reporting segment in the fiscal year under review.
Production output(Million yen)Segment name

Change YoY (%)

Automatic machineries

16,847(8.1)

Components

100,829

(1.7)

Total

117,677(2.7)

Notes: 1. Intersegment transactions have been offset and eliminated.
2. Amounts are based on sales prices.
3. Above figures are exclusive of consumption tax.
[2] Actual orders
The table below shows actual orders by reporting segment in the fiscal year under review.
Segment nameAutomatic machineries

Orders(Million yen)

Change YoY (%)

17,755

Order backlog(Million yen)

+8.1

Change YoY (%)

12,394+16.2

Notes: 1. Production is carried out by expected demand, excluding the Automatic machineries segment.
3. Above figures are exclusive of consumption tax.

[3] Actual sales
The table below shows actual sales by business segment in the fiscal year under review.
Segment nameSales (Million yen)

Change YoY (%)

Automatic machineries

16,027(1.9)

Components

99,638

+0.3

Total

115,665(0.0)

Notes: 1. Intersegment transactions have been offset and eliminated.
2. Above figures are exclusive of consumption tax.

(2) Change of officers
For changes in officers, please refer to the attachment from the next page onwards.

21

Reference
May 15, 2019
Listed company name: CKD CorporationTES Code:
6407
Address: 2-250 Oji, Komaki City, Aichi Prefecture
Listed stock exchange: First Sections of Tokyo Stock Exchange
and Nagoya Stock Exchange
Contact: Toshiaki Sugiura, General Manager of General
Affairs Department
Phone:+81-568-74-1238
Changes of Officers (As of June 21, 2019)(1) Directors to be promoted
Name

Katsuhito Okuoka

Masafumi Kokubo

New role(s)Executive Director and Senior
Managing Officer of Quality
Management/Environment,
concurrently serving as General
Manager of Components Division
Director and Senior Executive Officer
of Profit and Budget, concurrently
serving as General Manager ofCorporate Planning Department,
General Manager of Security Export
Control Office, General Manager ofInternal Control and Auditing Office

Current role(s)Director and Senior Executive Officerof Quality Management, concurrently
serving as General Manager ofComponents Division

Director and Executive Officer ofProfit and Budget, concurrently
serving as General Manager ofCorporate Planning Department,
General Manager of Security Export
Control Office, General Manager ofInternal Control and Auditing Office(2) Prospective new Director
Name
Katsunori Hayashida

New role(s)Director and Executive Officer
General Manager of Automatic
Machinery Business Division

Current role(s)Executive Officer
General Manager of Automatic
Machinery Business Division(3) Prospective new Executive Officer
Name

Shigeru Kawamura

New role(s)Executive OfficerCEO
CKD NIKKI DENSO CO., LTD.

22

Current role(s)CEO
CKD NIKKI DENSO CO., LTD.

New Director Resume Summary and Responsibilities

New role

Director

Name

Katsunori Hayashida

Date of birth

April 2, 1961 (age 58)

Place of birth

Aichi Prefecture

Current residence

Minokamo City, Gifu Prefecture

Most recent education
March 1984

Graduated from Department of Mechanical Engineering, Faculty of Technology,
Nagoya Institute of Technology

Brief resume
April 1984

Joined CKD Corporation

June 2006

Manager of Production Department, Automatic Machinery Business
Division

May 2009

Manager of Battery Engineering Department, Automatic Machinery
Business Division,

April 2011

Manager of Procurement Department

June 2018

Executive Officer and General Manager of Automatic Machinery Business
Division (current position)

June 2019

To be appointed as Director and Executive Officer, and General Manager
of Automatic Machinery Business Division

Planned appointment date June 21, 201923