Slide 1: FY2024 Financial Results (presentation material)
CMK CORPORATION （Stock code：6958） FY2024 Financial Results (presentation material) May 16, 2025 CMK CORPORATION 1
Slide 2: President's message: Portfolio diversification
President’s message ■Summary Portfolio diversification ➀To promote targeted orders Foreign automotive To expand non-automotive for the targets in CASE area applications applications as a source of income in the FA/Industrial machinery, Communication, Base station mainstay automotive business Semicon
Slide 3: Contents
Contents 1. Consolidated financial results for FY2024 2. Consolidated financial forecast for FY2025 3. New business field growth strategy 4. In-vehicle growth strategy 5. Others 6. Supplementary information 3
Slide 4: 1. Consolidated financial results for FY2024
１． Consolidated financial results for FY2024 4
Slide 5: Consolidated Financial results
Consolidated financial results for FY2024 ➀ Consolidated Financial results ■Key points of FY2024 Financial results ・Sales have increased mainly due to strong sales of driving safety products we focused on (＋13%) and the favorable exchange rate. ・Profits are raised due to increased sales, productivit
Slide 6: Sales development by automotive uses, board types and foreign customers
Consolidated financial results for FY2024 ➁ Sales development breakdown itemized by automotive uses, board types and foreign customers. The automotive growth strategy has made steady progress. Sales by product Sales ratio of foreign Sales ratio of HDI PCBs (Car Electronics) customers Powertrain Driv
Slide 7: Analysis of changes in operating income
Consolidated financial results for FY2024 ➂ Analysis of changes in operating income （Billions of yen） 0.2 0.2 ▲1.2 1.0 -15.6 3.5 3.8 FY2023 Due to Improved Exchange rate Sales prices, FY2024 (Results) increased/Decreased productivity fluctuation procurement cost and (Results) sales others 7
Slide 8: 2. Consolidated financial forecast for FY2025
2． Consolidated financial forecast for FY2025 8
Slide 9: Consolidated financial forecast
Consolidated financial forecast for FY2025 ➀Consolidated financial forecast ■ Key points of FY2025 Financial forecast ・The expected new orders from the second half should reflect the slow recovery in demand for automobiles in many countries. ＊ Tariff policy is too uncertain at this point to be incor
Slide 10: Measures to cope with the changes in the business environment
Consolidated financial forecast for FY2025 ➁ Measures to cope with the changes in the business environment External ■ Sluggish sales by automakers in the Chinese market Recognition of factors ■ Global EV vehicles slowdown ■ Decrease in demand from foreign customers due to deteriorating market condit
Slide 11: Analysis of changes in operating income
Consolidated financial forecast for FY2025 ➂ Analysis of changes in operating income （Billions of yen） 7.1 0.3 ▲0.2 ▲0.0 0.2 3.8 -15.64.0 FY2024 Due to Improved Exchange rate Sales prices, FY2025 (Results) increased/Decreased productivity fluctuation procurement cost and (Forecast) sales others 11
Slide 12: 3. New business field growth strategy
3．New business field growth strategy 12
Slide 13: Sales expansion system for new business fields
New business field growth strategy ➀ Sales expansion system for sales expansion We strengthen sales system globally and accelerate sales expansion in new business areas in overseas markets by leveraging our strengths in customer support and proposal capabilities Share expansion strategies Number of
Slide 14: Required technology and development situation
New business field growth strategy ➁ Required technology and development situation ＜ PCB technology trends ＞ ＜ Percentage of development projects by use ＞ High High Special Application product／ Heavy layer Fine functional processi Required technology copper count materials ng FA, Industrial 22％ mach
Slide 15: Examples of combined technology
New business field growth strategy ➂Examples of combined technology We refine technology to meet increasingly sophisticated and complex market demands High layer count（68layers）+ High functional material+ Technical lamination +Special processing（Back Drill） Special processing（Back Drill） + Special p
Slide 16: Acquisition of Normal License for heat-dissipating PCBs
New business field growth strategy ➃Acquisition of Normal License for heat-dissipating PCBs On April 25th, 2025, the non-exclusive license agreement with Daiwa Co.Ltd., concerning their patent for heat-dissipating PCB (DPGA PCB) was concluded. ＜Features＞ ＜Image of HDI ＞ Our manufacturing technology
Slide 17: Measures for high-speed transmission simulation
New business field growth strategy ➄Measures for high-speed transmission simulation Rapidly developing AI society where high-speed transmission technology is the key At present, technologies to realize high-speed transmission of large amounts of data are required in the areas of AI, self-driving, me
Slide 18: 4. In-vehicle growth strategy
4． In-vehicle growth strategy 18
Slide 19: Upcoming trend (Annual Growth rate by market)
In-vehicle growth strategy ➀Upcoming trend（Annual Growth rate by market） Though the automobile market is sluggish, the necessary number of ECUs is increasing accompanied by control complexity due to electrification, ADAS and self-driving evolution, which leads to much more PCBs per car. To integrate
Slide 20: Upcoming trend (Integrated ECU)
In-vehicle growth strategy ➁ Upcoming trend （Integrated ECU） A current automobile may have more 分散型アーキテクチャ than 100 ECUs and eachゾーン型アーキテクチャ ドメイン型アーキテクチャ ECU has a different function. An integrated ECU brought by ADAS and self-driving evolution controls the whole and realizes complex linked function
Slide 21: Medium-to long-term demand trends of HDI PCBs
In-vehicle growth strategy ➂Medium-to long-term demand trends of HDI PCBs Under the trend toward multi-layered for HDI PCBs, our medium-to long-term demand forecast foresees increasing demand on HDI PCBs of three layers or more. Medium-to long-term automotive HDI PCB demand CAGR forecast by the numb
Slide 22: In-vehicle growth strategy (Sales by integrated ECU)
In-vehicle growth strategy ➃In-vehicle growth strategy（Sales by integrated ECU） Production start-up of “Integrated ECU” which is the growth driver, targeting sales increase and improved profitability with better mix including multilayer HDI PCBs Individual ECU/Integrated ECU （Billions of yen） Image
Slide 23: Situations regarding foreign customers
In-vehicle growth strategy ➄ In-vehicle growth strategy (Situations regarding foreign customers) HDI sales ratio for foreign customers（Tier1） ・Sales to main foreign customers have been expanded focusing on high-value added products for driving safety systems. We continue to focus on these amid the i
Slide 24: Thai new factory's situation
In-vehicle growth strategy ➅Thai new factory’s situation Existing factory New factory Sales volume trend in Thailand Outline of New factory （㎡/Monthly average） Production items ：HDI PCBs and Multilayered PCBs Start of operations：Launch from Autum,2025 Capacity ：130k㎡⇒160K㎡ （Existing factory + New fa
Slide 25: 5. Others
cmK 5. Others
Slide 26: Acceleration of productivity improvement and automation
Others Production in the factories in China Acceleration of productivity improvement and automation ＜Image of large format＞ Highly efficient production through large format Double production in one processing ・2024：Implementation of large-format investment Current size Larger size to replace equipme
Slide 27: Shareholder return policy
Others Shareholder return policy ■Dividend policy: We should pay stable dividends with a target consolidated payout ratio of 30% after taking into consideration our business performance and financial position, while securing the necessary internal reserves to strengthen our management structure and
Slide 28: Increase in corporate value (ROE and market valuation)
Others Increase in corporate value (Return on capital and current recognition of our market valuation) ・ROE is below cost of shareholder's' equity; effective use of assets and enhancement of profitability are essential to improve ROE. ・Price to Book Ratio is currently below 1x. ROE Total Asset Turno
Slide 29: Improvement of corporate value (to increase ROE/PBR)
Others Improvement of corporate value（to increase ROE/PBR） We aim at ROE increase and PBR improvement, the actions below should be taken. Growth strategy ・Shift to high value-added products as for automotive product (Increase in the ratio of HDI PCBs) ・Realization of growth strategy by starting up m
Slide 30: Sustainability (Topics)
Others Sustainability（Topics） Promotion of carbon neutral initiatives 1 Solar panels 2 Green power ・Solar panels will be installed on the roof of Niigata ・Green power will be introduced in 2024 factory and will start to run in summer 2026, which at the Chinese factories (Wuxi and Dongguan). will lea
Slide 31: 6. Supplementary information
6． Supplementary information 31
Slide 32: Sales by product
Supplementary information ➀Sales by product FY2023 FY2024 YoY YoY FY2025 （Billions of yen） Results Results Change % Forecast Car Electronics 77.5 82.1 +4.6 +6％ 81.6 Powertrain 30.9 30.8 -0.1 -1％ 36.2 Breakdown Driving control and Safety 22.0 24.8 +2.8 +13％ 27.8 Body Electronics/Climate Control 20.8
Slide 33: Sales by type of PCBs
Supplementary information ➁Sales by type of PCBs FY2023 FY2024 YoY YoY FY2025 （Billions of yen） Results Results Change % Forecast HDI PCBs 26.0 29.8 +3.7 +15% 29.5 Multilayered PCBs 49.8 51.0 +1.1 +2％ 50.9 Double-sided PCBs 10.0 10.0 -0.0 -0% 7.6 Others 4.5 4.5 -0.0 -0％ 7.8 Total 90.5 95.4 +4.9 +5％
Slide 34: Financial results by region
Supplementary information ➂Financial results by region FY2023 FY2024 YoY YoY FY2025 （Billions of yen） Results Results Change % Forecast Sales 57.0 58.2 +1.2 +2％ 61.3 Japan Operating income 1.5 2.2 +0.6 +39％ 3.0 Sales 34.2 34.4 +0.1 +0％ 31.3 China Operating income 1.8 1.5 -0.2 -16% 1.5 Sales 30.1 34.
Slide 35: Capital investment
Supplementary information ➃Capital investment FY2023 FY2024 YoY FY2025 （Billions of yen） Results Results Change Forecast Japan 1.6 1.9 +0.3 4.1 Overseas 14.3 16.9 +2.6 3.4 Consolidated 15.9 18.9 +2.9 7.5 Depreciation cost 5.2 5.9 +0.6 6.2 35
Slide 36: 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 36