Slide 1: FY2023 Financial Results (presentation material)
CMK CORPORATION （Stock code：6958） FY2023 Financial Results (presentation material) May 15, 2024 CMK CORPORATION 1
Slide 2: Contents
Contents 1. Consolidated financial results for FY2023 2. Consolidated financial forecast for FY2024 3. In-vehicle growth strategy 4. Others 5. Supplementary information 2
Slide 3: Consolidated financial results for FY2023
１．Consolidated financial results for FY2023 3
Slide 4: Consolidated Financial results
Consolidated financial results for FY2023 ➀ Consolidated Financial results ■ Key points of FY2023 Financial results ・The amount of sales, lead by the power train and driving safety systems we focused on, increased (＋31% YoY). ・The operating profit has increased mainly due to the recovery of producti
Slide 5: Changes in quarterly sales, operating income and operating margin
Consolidated financial results for FY2023 ➁Changes in quarterly sales, operating income and operating margin （Billions of yen） Sales Operating income Operating margin 23.7 23.5 21.5 22.0 21.2 21.2 21.1 19.7 1.5 6.5% 1.4 6.0% 4.1% 3.0% 3.0% 0.8 2.2% 2.3% 0.6 0.5 0.5 0.4 0.3% 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Slide 6: Analysis of changes in operating income
Consolidated financial results for FY2023 ➂Analysis of changes in operating income （Billions of yen） 0.5 ▲0.5 0.1 0.7 3.5 -15.6 2.6 FY2022 Due to Improved Exchange rate Sales prices, FY2023 Operating income increased/Decrease productivity fluctuation procurement cost and Operating income (Results) s
Slide 7: Consolidated financial forecast for FY2024
2．Consolidated financial forecast for FY2024 7
Slide 8: Consolidated Financial forecast
Consolidated financial forecast for FY2024 ➀ Consolidated Financial forecast ＜Reference＞ FY2023 FY2024 YoY YoY FY2024 （Billions of yen） Medium-term Results Forecast Change % management plan Net sales 90.5 94.0 +3.4 +4％ 94.0 Operating income 3.5 5.0 +1.4 +42％ 5.0 Operating margin 3.9％ 5.3％ +1.4％ - -
Slide 9: Consolidated Financial forecast (1H, 2H)
Consolidated financial forecast for FY2024 ➁ Consolidated Financial forecast (1H,2H) ＜Reference＞ ＜FY2024 HoH＞ 1H 2H 1H 2H HoH HoH （Billions of yen） FY2023 FY2023 FY2024 FY2024 Change % Results Results Forecast Forecast Net sales 43.2 47.3 45.0 49.0 +4.0 +9％ Operating income 0.5 2.9 1.5 3.5 +2.0 +133
Slide 10: Image of the order trends
Consolidated financial forecast for FY2024 ➂Image of the order trends （Billions of yen） ＜Sales(Half-year)＞ ＜FY2024 1H 2H Image of the order trends＞ 49.0 47.3 45.0 43.2 42.8 Existing parts in production 40.9 2H FY2024 1H FY2024 New foreign customers New items for Japanese customers 1H FY2022 2H FY202
Slide 11: Analysis of changes in operating income
Consolidated financial forecast for FY2024 ➃ Analysis of changes in operating income （Billions of yen） 0.1 ▲0.0 7.1 0.3 1.1 5.0 -15.6 3.5 FY2023 Due to Improved Business structure Sales prices, FY2024 Operating income increased/Decrease productivity reform procurement cost and Operating income (Resu
Slide 12: In-vehicle growth strategy
3．In-vehicle growth strategy 12
Slide 13: In-vehicle growth strategy
In-vehicle growth strategy ➀ In-vehicle growth strategy ✓ Sales growth by capturing CASE demands Shift to portfolio of in-vehicle products ✓ where we have competitive advantage ✓ Customer portfolio is diversified ✓ Shift to high-value added business 13
Slide 14: Transition of automotive parts portfolio
In-vehicle growth strategy ➁Transition of automotive parts portfolio To build up a strong product portfolio by shifting to the power train and driving safety systems where we have competitive superiority （Billions of yen） Powertrain Sales by product(Car Electronics) 94.0 Driving control and Safety 2
Slide 15: Target items
In-vehicle growth strategy ➂ Target items Image of start-up of accepting orders 1 New items for Japanese 1 customers ・ Integrated ECU for ADAS New items for foreign 2 customers ・ Millimeter wave ・ Image sensor ・ Integrated ECU for HPC 3 Items for new foreign customers Zone architecture 2 Integrated
Slide 16: Customer portfolio diversified / Shift to high-value added business
In-vehicle growth strategy ➃ Customer portfolio is diversified/Shift to high-value added business Business with the foreign customers has smoothly expanded and shifting to the highly-value-added products has proceeded. Sales ratio of foreign customers FY2021 FY2022 FY2023 FY2024 FY2026 （Results） （Re
Slide 17: Toward expansion of foreign customers
In-vehicle growth strategy ➄ Toward expansion of foreign customers To establish an office in Germany. Our global strategy, to expand our automotive product market, targets at Germany where major Tier1 manufacturers have their head offices. CMK(Germany) GmbH Stuttgart, Germany To make technical To ai
Slide 18: Latest progress report on the new factory in Thailand
In-vehicle growth strategy ➅The latest progress report on the new factory in Thailand It is planned to start operating in August, 2024. 2024/05/09 18
Slide 19: Growth investment (Increase capacity)
In-vehicle growth strategy ➆Growth investment(Increase capacity) The timing for the second investment on the new factory in Thailand is being examined. (The new factory in Thailand has room for capital investment, which corresponds to 40% of its gross floor area) After the first After the Capacity o
Slide 20: Others
cmK 4. Others
Slide 21: The capital increase through a public offering has been implemented
Others ➀The capital increase through a public offering has been implemented. The capital increase through a public offering was resolved on Feb.16th, 2024. Its conditions were decided on Feb.26th, 2024. Number of shares for 12,000,000shares The amount raised Approx. 6.6billion yen subscription ＜Back
Slide 22: Improvement of corporate value (to increase PBR)
Others ➁Improvement of corporate value (to increase PBR) To increase PBR Changes in ROE ・ Expansion of investment in high Over9.0％ growth businesses Operating ・ Shift to high-value added margin business in the automotive Net income product portfolio Sales (To increase HDI sales ratio ) ROE (EPS) Net
Slide 23: Sustainability
Others ➂Sustainability Our company endorsed TCFD (The Task Force on Climate-related Financial Disclosure) in July, 2022 to address the climate change problems, is aiming at Carbon Neutral in 2050, symbolized as "Smart e-changes NetZero" and is promoting the activities to mitigate climate change. We
Slide 24: Supplementary information
5． Supplementary information 24
Slide 25: Sales by product
Supplementary information ➀Sales by product FY2022 FY2023 YoY YoY FY2024 （Billions of yen） Results Results Change % Forecast Car Electronics 68.2 77.5 +9.2 +14％ 82.6 Powertrain 22.8 30.9 +8.1 +36％ 33.8 Breakdown Driving control and Safety 17.8 22.0 +4.2 +24％ 25.7 Body Electronics/Climate Control 22.
Slide 26: Sales by type of PCBs
Supplementary information ➁Sales by type of PCBs FY2022 FY2023 YoY YoY FY2024 （Billions of yen） Results Results Change % Forecast HDI PCBs 20.5 26.0 +5.5 +27％ 31.0 Multilayered PCBs 47.6 49.8 +2.2 +5％ 50.3 Double-sided PCBs 10.0 10.0 -0.0 -0％ 7.9 Others 5.5 4.5 -1.0 -18％ 4.8 Total 83.8 90.5 +6.7 +8％
Slide 27: Financial results by region
Supplementary information ➂Financial results by region FY2022 FY2023 YoY YoY FY2024 （Billions of yen） Results Results Change % Forecast Sales 49.0 57.0 +7.9 +16％ 60.2 Japan Operating income 0.5 1.5 +1.0 +219％ 3.2 Sales 32.6 34.2 +1.5 +5％ 33.0 China Operating income 1.6 1.8 +0.2 +12％ 1.1 Sales 28.4 3
Slide 28: Capital investment
Supplementary information ➃Capital investment FY2022 FY2023 YoY FY2024 （Billions of yen） Results Results Change Forecast Japan 1.8 1.6 -0.2 2.7 Overseas 4.9 14.3 +9.4 16.8 Consolidated 6.7 15.9 +9.2 19.5 Depreciation cost 4.7 5.2 +0.5 6.0 28
Slide 29: CASE and New businesses roadmap (1)
Supplementary information ➄-1 CASE and New businesses roadmap Automotive roadmap 2024 2030 2040 Probe information OTA over Wi-Fi Autonomous C applicable NAVI Cellular V2X optimal AI route guidance Connected Wireless high-speed wireless communication communication Connecting with the cloud server sys
Slide 30: CASE and New businesses roadmap (2)
Supplementary information ➄-2 CASE and New businesses roadmap Our technological Market needs Products PCB requirement innovation Low dielectric material, C Connected 5G,V2X, V2H Low loss characteristic impedance control Infotainment IVI SoC processors Multiple stacked vias HDI, Subtract-process fine
Slide 31: Technology roadmap
Supplementary information ⑥Technology roadmap 当社の革新技術 FY2023 FY2024 FY2025 FY2026 Multiple stacked BVH HDI Mass-produced C High AnyLayer HDI Trial Mass-production density Develo Subtract-process fine circuit pment Trial Mass-production High-definition circuit MSAP Mass-produced A High function High
Slide 32: 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 32