Slide 1: FY 2016 Financial Results
CMK CORPORATION （Stock code: 6958） FY 2016 Financial Results (presentation material) May 24, 2017 CMK CORPORATION 1
Slide 2: Contents
Contents １．Consolidated financial results for FY 2016 ２．Consolidated financial forecast for FY 2017 ３．Progress of Medium-Term Management plan ４．Trends of Automotive PWB market and CMK’s positioning in the market ５．Supplementary material on financial results 2
Slide 3: Consolidated financial results for FY 2016
１. Consolidated financial results for FY 2016 3
Slide 4: Key points of FY 2016 Financial results
Consolidated financial results for FY 2016 ①Key points of FY 2016 Financial results • Sales of our major products for automotive use exceeded our plan • Operating income improved significantly, reflecting the impact of streamlining of business operations in Japan and improvement of overseas profitab
Slide 5: Consolidated Income Statement
Consolidated financial results for FY 2016 ②Consolidated Income Statement Results of the profit related items achieved as planned （ Millions of Yen ） Compared with YoY FY 2015 FY 2016 plan Results Results Change % Plan Change Net sales 73,098 75,370 +2,272 +3.1% 77,000 -1,629 Operating income 381 2,
Slide 6: Changes in quarterly consolidated profit and loss
Consolidated financial results for FY 2016 ③Changes in quarterly consolidated profit and loss 250 15.0 206 Sales (Hundred Millions of Yen) 189 12.5 Operating income (Hundred Millions of Yen) 200 181 176 10.7 10.0 150 7.1 7.5 100 5.1 Operating 5.0 3.4 margin 50 5.2％ 2.5 0 0.0 FY 2016 FY2016 FY 2016 F
Slide 7: Sales by application
Consolidated financial results for FY 2016 ④Sales by application （Hundred Millions of Yen） AV equipment Digital still camera Car electronics Mobile communications Amusement Others FY 2016 29 24 Results 531 7 20 139 753 FY 2016 Plan：528 AV equipment Digital still camera Car electronics Mobile communi
Slide 8: Analysis of changes in Net sales
Consolidated financial results for FY 2016 ⑤Analysis of changes in Net sales 【YoY Change】 （Hundred Millions of Yen） PWBs for automotive use Others increased Impact of foreign increased exchange rates 4 55 ▲36 730 753 FY 2015 Sales FY 2016 Sales (results) (results) Sales increased by 8.0% compared wi
Slide 9: Streamlining business operations in Japan
Consolidated financial results for FY 2016 ⑥Streamlining business operations in Japan ■Contents (Completed at the end of September, 2016) ① Downsizing of domestic production sites (Stop production of 2 factories in Gunma prefecture) ② Voluntary retirement program （Number of applicants:247 employees）
Slide 10: Analysis of changes in Operating income
Consolidated financial results for FY 2016 ⑦ Analysis of changes in Operating income （Hundred Millions of Yen） Improved yields Decreased sales prices Increased productivity Cost reduction etc. Profit increase due to sales growth 6.7 ▲10.0 Streamlining 13.5 business operations 26.5 12.5 3.8 （10.9） (1
Slide 11: Cash dividends
Consolidated financial results for FY 2016 ⑧Cash dividends ■Basic policy Continue to pay stable dividends in light of our financial results and performance, while securing sufficient internal reserves we need to reinforce our management structure and expand our business further （Yen） ■Cash dividends
Slide 12: Consolidated financial forecast for FY2017
２．Consolidated financial forecast for FY2017 12
Slide 13: Key points of FY 2017 forecast
Consolidated Financial forecast for FY 2017 ①Key points of FY 2017 forecast • Further sales increase expected, mainly supported by strong sales of products for automotive use • Operating margin of 5% expected by improving domestic productivity and enhancing overseas production capacity 80,000 80,000
Slide 14: Consolidated Income Statement forecast
Consolidated Financial forecast for FY 2017 ② Consolidated Income Statement （Millions of Yen） YoY FY 2015 FY 2016 FY 2017 Results Results Forecast Change % Net sales 73,098 75,370 80,000 +4,629 +6.1% Operating income 381 2,652 4,000 +1,347 +50.8% Operating margin 0.5% 3.5% 5.0% +1.5% Ordinary income
Slide 15: Sales by application
Consolidated Financial forecast for FY 2017 ③Sales by application （Hundred Millions of Yen） AV equipment Digital still camera Car electronics Mobile communications Amusement Others FY 2017 29 20 Forecast 581 15 21 130 800 AV equipment Digital still camera Car electronics Mobile communications Amusem
Slide 16: Our strategy for profit growth: Enhancing overseas production capability
Consolidated Financial forecast for FY 2017 ④Our strategy for profit growth -Enhancing overseas production capability- Thailand CMK Corporation(THAILAND) co., ltd. (Double-sided PWBs, Multilayered PWBs, HDI PWBs) ・ Order intake mainly of products for automotive use remains strong ・ In the FY 2016, e
Slide 17: Our strategy for profit growth: Improving domestic productivity
Consolidated Financial forecast for FY 2017 ⑤Our strategy for profit growth -Improving domestic productivity- • In the FY 2016, reduced fixed cost in all domestic factories through downsizing of production sites • In the FY 2017, focus on the activities to improve efficiency of every major productio
Slide 18: Analysis of changes in operating income
Consolidated Financial forecast for FY 2017 ⑥Analysis of changes in operating income （Hundred Millions of Yen） Improved yields Decreased sales prices Increased productivity Cost reduction etc. Profit increase due to sakes growth 8.0 ▲13.8 Streamlining 16.8 business operations 2.4 40.0 26.5 FY 2016 F
Slide 19: Progress of Medium-Term Management plan
３．Progress of Medium-Term Management plan 19
Slide 20: Summary of Medium-Term Management plan
Progress of Medium-Term Management plan ①Summary of Medium-Term Management plan (May 25, 2015 release) ■Our Medium-Term strategy ◆A growing CMK to deliver sustainable growth by transforming our solid business strategy ◆Getting an advantage to better compete in the automotive PWB market ■Key objectiv
Slide 21: Forecast of consolidated income statement
Progress of Medium-Term Management plan ②Forecast of consolidated income statement In the FY 2017, maintain operating margin set in the Medium-term management plan and the same level of net profit as this fiscal year. （Hundred Millions of Yen） Medium-Term Results and Forecast management plan (As of
Slide 22: Trends of Automotive PWB market and CMK's positioning in the market
４．Trends of Automotive PWB market and CMK’s positioning in the market 22
Slide 23: Medium-term trends of the Automotive PWB Market
Trends of Automotive PWB market and CMK’s positioning in the market ①Medium-term trends of the Automotive PWB Market (CMK's view) 1. Increase in the number of sales of new cars Since 2010, the number of sales of new cars steadily increased The market continues to expand further, supported by dem
Slide 24: Market scale forecast
Trends of Automotive PWB market and CMK’s positioning in the market ②Market scale forecast Market scale forecast of rigid PWBs for automotive use CAGR 8,000 (‘21/’16) Market scale (Hundred Millions of Yen) 6,643 Total 720 6.6% 6,000 4,826 HDI 460 9.4% 4,000 4,664 Multilayered 6.5% 3,404 2,000 Double
Slide 25: Prospect of ECU market and various use of automotive PWBs
Trends of Automotive PWB market and CMK’s positioning in the market ③Prospect of ECU market and various use of automotive PWBs ECU market (Trillion Yen) Body Electronics Climate Control Information and 2016 2021 Air conditioner, Mirror Control, Prospect Forecast CAGR Communication Headlamp, mater pa
Slide 26: CMK's positioning in the Automotive PWB market
Trends of Automotive PWB market and CMK’s positioning in the market ④CMK’s positioning in the Automotive PWB market Scope of our business Market growth Required reliability Powertrain/ Driving control and Safety etc. Value-added Products Body electronics/ Navigation Climate Control etc. etc. Single-
Slide 27: Supplementary material on financial results
5. Supplementary material on financial results 27
Slide 28: Sales by type of PWBs
Supplementary material on financial results ①Sales by type of PWBs （Hundred Millions of Yen） FY 2015 FY 2016 YoY FY 2017 YoY Results Results Change Forecast Change HDI PWBs 207 218 +11 235 +16 Multilayered PWBs 296 319 +23 357 +38 Double-sided PWBs 141 142 +1 129 -13 Others 86 72 -13 76 +4 Total 730
Slide 29: Financial results by region
Supplementary material on financial results ②Financial results by region （Hundred Millions of Yen） ） FY 2015 FY 2016 FY 2017 YoY YoY Results Results Forecast Operating Operating Operating Operating Operating Sales Sales Sales Sales Sales income income income income income Japan 467 6.6 491 15.2 +24
Slide 30: Capital investment
Supplementary material on financial results ③Capital investment （Hundred Millions of Yen） FY 2015 FY 2016 YoY FY 2017 YoY Results Results Change Forecast Change Japan 12 17 +5 21 +3 Overseas 18 28 +9 38 +10 Consolidated 31 46 +14 60 +13 Depreciation cost 49 41 -7 42 +0 30
Slide 31: END
Future-related information and descriptions in this material are just forward-looking statements and not guarantees for future achievements (Amounts are rounded, and % is rounded to one decimal place.） END 31