Cmk Corporation · TSE:6958
Cmk — FY2020 Earnings Presentation
25 slides from Cmk's earnings presentation, May 19, 2021
Slide 1: FY2020 Financial Results (presentation material)
CMK CORPORATION （Stock code：6958） FY2020 Financial Results (presentation material) May 19, 2021 CMK CORPORATION 1
Slide 2: Contents
Contents 1. Consolidated financial results for FY2020 2. Consolidated financial forecast for FY2021 3. Market trend and Our business environment 4. Supplementary information 2
Slide 3: Consolidated financial results for FY2020
１．Consolidated financial results for FY2020 3
Slide 4: Key points of FY2020 Financial results
Consolidated financial results for FY2020 ①Key points of FY2020 Financial results (Billions of yen) 100000 90.2 90000 82.6 80000 69.9 70000 3.7 Net sales declined due to the decrease 60000 50000 in global automobile production and 40000 sales by the impact of COVID-19. 1.6 30000 20000 Despite ef
Slide 5: Consolidated financial Results
Consolidated financial results for FY2020 ②Consolidated financial Results （Billions of yen） FY2019 FY2020 YoY Results Results Change % Net sales 82.6 69.9 -12.6 -15.3% Operating income 1.6 -1.6 -3.2 - Operating margin 1.9% - - - Ordinary income 0.7 -1.5 -2.3 - Profit attributable to owners of parent
Slide 6: Sales by product
Consolidated financial results for FY2020 ③Sales by product （Billions of yen） Powertrain/ Body Electronics/ Information and Mobile Driving control and Safety Climate Control Communication communications Others FY2020 Results 29.5 19.1 8.1 1.0 12.1 69.9 Car Electronics 56.7 Powertrain/ Body Electroni
Slide 7: Analysis of changes in operating income
Consolidated financial results for FY2020 ④Analysis of changes in operating income （Billions of yen） Decrease in profit due to sales decline 7.1 Decreased sales prices and increased procurement cost 1.6 etc. Exchange rate ▲5.8 Improved Streamlining of productivity fluctuation -1.6 business operation
Slide 8: Changes in quarterly sales and operating income
Consolidated financial results for FY2020 ⑤Changes in quarterly sales and operating income Changes in quarterly sales （Billions of yen） FY2019 FY2020 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Japan 12.5 12.7 12.0 11.0 9.4 10.7 11.9 12.3 (Apr-Jun) (Jul-Sep) (Oct-Dec) (Jan-Mar) Overseas 14.6 15.3 14.9 14.2 12.4 9.8 10.
Slide 9: Consolidated financial forecast for FY2021
2．Consolidated financial forecast for FY2021 9
Slide 10: Consolidated financial Forecast
Consolidated financial forecast for FY2021 ①Consolidated financial Forecast （Billions of yen） FY2020 FY2021 YoY Results Forecast Change % Net sales 69.9 75.0 +5.0 +7.2% Operating income -1.6 1.5 +3.1 - Operating margin - 2.0％ - - Ordinary income -1.5 1.4 +2.9 - Profit attributable to owners of paren
Slide 11: Sales by product
Consolidated financial forecast for FY2021 ②Sales by product （Billions of yen） Powertrain/ Body Electronics/ Information and Mobile Driving control and Safety Climate Control Communication communications Others FY2021 Forecast 39.3 17.1 6.8 1.5 10.2 75.0 Car Electronics 63.2 Powertrain/ Body Electro
Slide 12: Analysis of changes in operating income
Consolidated financial forecast for FY2021 ③Analysis of changes in operating income （Billions of yen） Improved Exchange rate Increased in profit productivity Decreased sales prices and fluctuation 7.1 due to the sales increase increased procurement cost etc. 0.3 ▲0.4 ▲0.4 1.5 3.6 -15.6 -1.6 FY2020 F
Slide 13: Market trend and Our business environment
3．Market trend and Our business environment 13
Slide 14: Market forecast of global vehicle production
Market trend and Our business environment ①Market forecast of global vehicle production （ 10,000 units ） Global vehicle production forecast 12,000 10,000 8,000 6,000 4,000 2,000 0 2019 2020 2021 2022 2023 2024 2025 2030 （Year） （Results） （Prospect） (After 2021:Forecast) xEV Gasoline ▶ Electric vehicl
Slide 15: Trends in the PCBs for automotive use (Sales forecast by Powertrain)
Market trend and Our business environment ② Trends in the PCBs for automotive use （Sales forecast by Powertrain） sales volume （1,000㎡） CAGR Classification （2030/2019） Comments 2019 2030 Results Forecast Engine 39,600 30,570 ▲2.3％ ・The PCBs used per vehicle is approximately 0.5 ㎡ for gasoline vehicle
Slide 16: Trends of Automotive PCB market (Sales forecast by type of PCBs)
Market trend and Our business environment ③Trends of Automotive PCB market（Sales forecast by type of PCBs） （1,000㎡） PCBs for automotive use/ Sales forecast by type of PCBs 90,000 80,000 CAGR 70,000 （2030/2019） 60,000 ■HDI 50,000 20.5％ 40,000 30,000 ■Multilayered 4.3％ 20,000 10,000 ■Double-sided 0 4.
Slide 17: Our Medium-Term Automotive Sales Structure
Market trend and Our business environment ④Our Medium-Term Automotive Sales Structure 2018 2019 2020 2021 2025 ■Information and Communication ■Body Electronics・ Climate Control ■Powertrain・Driving control and Safety ■Powertrain・Driving control and Safety/Electrification・CASE demand ▶ Achieving growt
Slide 18: Target items and required spec in the new business area
Market trend and Our business environment ⑤Target items and required spec in the new business area 2020 2025 Conventional High speed communication Items 4G(LTE)：700MHz～3.6GHz 5G：3.6GHz～28GHz, 6G：Millimeter wave Macro cell (More than 10 layers and aspect 10 ) ・Small cell (More than 16 layers and aspe
Slide 19: Technology roadmaps
Market trend and Our business environment ⑥Technology roadmaps Application for PCB Products Market needs 2021 2022 After 2023 automotive use requirement ・Downsized unit（HDI：PPBU） Inverter HEV/EV ・High withstand voltage (EV has higher voltage than HDI Mass-produced ECU 10x voltage for gasoline vehicl
Slide 20: Supplementary information
4．Supplementary information 20
Slide 21: Sales by product
1．Sales by product （Billions of yen） FY 2019 FY 2020 YoY FY 2021 YoY Results Results Change Forecast Change Car electronics 67.4 56.7 -10.6 63.2 +6.4 Powertrain/ Driving control and Safety 31.3 29.5 -1.7 39.3 +9.7 Breakdown Body Electronics/ Climate Control 22.7 19.1 -3.6 17.1 -2.0 Information and C
Slide 22: Sales by type of PWBs
2．Sales by type of PWBs （Billions of yen） FY 2019 FY 2020 YoY FY 2021 YoY Results Results Change Forecast Change HDI PWBs 21.3 18.4 -2.9 20.1 +1.7 Multilayered PWBs 42.4 36.3 -6.0 40.3 +4.0 Double-sided PWBs 13.0 9.7 -3.3 10.0 +0.3 Others 5.7 5.3 -0.3 4.3 -0.9 Total 82.6 69.9 -12.6 75.0 +5.0 22
Slide 23: Financial results by region
3．Financial results by region （Billions of yen） FY 2019 FY 2020 FY 2021 YoY YoY Results Results Forecast Operating Operating Operating Operating Operating Sales Sales Sales Sales Sales income income income income income Japan 48.2 -0.0 44.3 -1.0 -3.9 -1.0 46.5 1.5 +2.2 +2.6 China 28.5 1.9 23.3 0.5 -
Slide 24: Capital investment
4．Capital investment （Billions of yen） FY 2019 FY 2020 YoY FY 2021 YoY Results Results Change Forecast Change Japan 1.1 1.5 +0.3 6.1 +4.6 Overseas 7.1 2.2 -4.8 2.1 -0.1 Consolidated 8.3 3.7 -4.5 8.3 +4.5 Depreciation cost 4.7 4.4 -0.2 4.0 -0.4 24
Slide 25: 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 25