CMK Corporation (JP:6958)
:6958
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CMK Corporation
(6958)
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Rating:71Outperform
Price Target:
¥818.00
▲(56.11% Upside)
Action:Reiterated
Date:05/15/26
The score is driven by strong technical uptrend/momentum and attractive valuation (low P/E with a ~3% yield). The main offset is financial quality risk from persistently negative free cash flow despite improving earnings and a moderately leveraged balance sheet.
Positive Factors
Diversified End Markets
Serving automotive, industrial and consumer/communications end markets reduces single‑market cyclicality and supports steadier demand for PCBs. Broad end‑market exposure helps sustain volume across cycles and enables pricing premiums for higher‑reliability automotive boards.
Negative Factors
Persistently Negative Free Cash Flow
Negative free cash flow over multiple years signals weak cash conversion of earnings and heavy reinvestment needs. This persistent shortfall increases reliance on external financing, limits flexibility for dividends or buybacks, and raises funding risk during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified End Markets
Serving automotive, industrial and consumer/communications end markets reduces single‑market cyclicality and supports steadier demand for PCBs. Broad end‑market exposure helps sustain volume across cycles and enables pricing premiums for higher‑reliability automotive boards.
Read all positive factors
CMK Corporation (6958) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥51.72B
Dividend Yield3.75%
Average Volume (3M)686.69K
Price to Earnings (P/E)13.9
Beta (1Y)1.59
Revenue Growth4.94%
EPS Growth6.20%
CountryJP
Employees4,580
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)34.23
Shares Outstanding71,298,100
10 Day Avg. Volume911,660
30 Day Avg. Volume686,690
Financial Highlights & Ratios
PEG Ratio1.53
Price to Book (P/B)0.46
Price to Sales (P/S)0.38
P/FCF Ratio-46.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)25.27
Revenue Forecast (FY)¥105.45B
CMK Corporation Business Overview & Revenue Model
Company Description
CMK Corporation is a global innovator in the design, production, and sale of a diverse range of printed circuit boards and other electronic components. Their offerings cater to both industrial and consumer markets worldwide. The company's extensiv...
How the Company Makes Money
CMK primarily makes money by manufacturing and selling printed circuit boards to electronics manufacturers and OEMs. Revenue is generated mainly from (1) PCB product sales—customers pay per board (or per lot) based on specifications such as layer ...
CMK Corporation Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
74
Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 95.39B | 100.20B | 95.49B | 90.57B | 83.84B | 81.49B |
| Gross Profit | 15.00B | 14.94B | 15.57B | 14.36B | 12.63B | 12.29B |
| EBITDA | 10.24B | 9.29B | 11.83B | 9.79B | 7.56B | 8.02B |
| Net Income | 2.44B | 4.03B | 3.79B | 3.85B | 1.59B | 2.79B |
Balance Sheet | ||||||
| Total Assets | 140.65B | 151.52B | 148.54B | 131.61B | 121.14B | 104.86B |
| Cash, Cash Equivalents and Short-Term Investments | 17.38B | 19.55B | 22.19B | 25.34B | 23.60B | 15.88B |
| Total Debt | 40.73B | 42.23B | 44.23B | 37.40B | 38.05B | 29.90B |
| Total Liabilities | 64.20B | 65.47B | 67.11B | 58.69B | 62.36B | 50.39B |
| Stockholders Equity | 74.22B | 83.49B | 79.11B | 70.81B | 56.85B | 52.72B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -819.00M | -9.21B | -6.53B | -520.00M | -3.77B |
| Operating Cash Flow | 0.00 | 7.82B | 9.06B | 9.44B | 6.25B | 2.48B |
| Investing Cash Flow | 0.00 | -6.88B | -18.75B | -14.21B | -6.60B | -6.11B |
| Financing Cash Flow | 0.00 | -4.10B | 4.70B | 5.38B | 6.91B | 1.57B |
CMK Corporation Technical Analysis
Positive
524.00
Price Trends
665.82
Positive
612.51
Positive
514.22
Positive
Market Momentum
26.50
Positive
60.12
Neutral
53.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6958, the sentiment is Positive. The current price of 524 is below the 20-day moving average (MA) of 738.00, below the 50-day MA of 665.82, and above the 200-day MA of 514.22, indicating a bullish trend. The MACD of 26.50 indicates Positive momentum. The RSI at 60.12 is Neutral, neither overbought nor oversold. The STOCH value of 53.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6958.
CMK Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥51.72B | 13.90 | ― | 3.75% | 4.94% | 6.20% | |
68 Neutral | ¥46.45B | 12.66 | ― | 4.53% | 5.02% | 354.47% | |
64 Neutral | ¥7.22T | 39.40 | ― | 1.41% | 13.61% | 17.02% | |
62 Neutral | ¥2.54T | 172.65 | ― | 2.57% | 4.07% | 533.21% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥284.68B | 49.32 | ― | 2.18% | -3.43% | 9.82% | |
51 Neutral | ¥126.93B | 51.61 | 2.26% | ― | 11.52% | 5786.05% |
* Technology Sector Average
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CMK Corporation Corporate Events
CMK shifts to DOE-based dividend policy and lifts 2027 payout forecast
May 19, 2026
CMK Corporation has overhauled its shareholder return framework by shifting from a dividend policy based on a roughly 30% consolidated payout ratio to a new approach anchored on a 3% Dividend on Equity (DOE) target. By tying dividends directly to ...
CMK sets 2028 profit targets and 2030 ROE goal under new medium-term plan
May 19, 2026
CMK Corporation has unveiled a medium-term management plan for fiscal years 2026 to 2028 that targets sales of 120 billion yen and operating income of 7.5 billion yen by fiscal 2028, while setting a longer-term goal of achieving a return on equity...
CMK Corporation Lifts Sales but Sees Margin Pressure in FY2025 Results
May 19, 2026
CMK Corporation reported consolidated net sales of ¥100.2 billion for FY2025, a 4.9% year-on-year increase, underscoring steady demand for its electronic components. Despite higher revenue, operating income fell 26.8% to ¥2.79 billion, a...
CMK Corporation Grows Sales but Sees Profit Margin Squeezed in FY2025
May 14, 2026
CMK Corporation reported a 4.9% increase in net sales to ¥100.2 billion in FY2025, but operating income fell 26.8% and the operating margin narrowed to 2.8%, indicating pressure on profitability despite top-line growth. Ordinary income also d...
CMK to Overhaul Governance With Audit and Supervisory Committee Structure
May 14, 2026
CMK Corporation will transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, subject to shareholder approval at its June 25, 2026 general meeting. The shift is intended to reinforce the Bo...
CMK Corporation Delivers Sales Growth but Lower Margins and Signals Profit Squeeze Ahead
May 14, 2026
CMK Corporation reported a 4.9% rise in consolidated net sales to ¥100.2 billion for the year ended March 31, 2026, but operating and ordinary income fell 26.8% and 25.3% respectively, indicating margin pressure despite top-line growth. Profi...
CMK Corporation Posts Higher Sales but Weaker Margins, Issues Cautious FY2026 Outlook
May 14, 2026
CMK Corporation reported a 4.9% year-on-year increase in FY2025 net sales to ¥100.2 billion, but operating income fell 26.8% as the operating margin slipped from 4.0% to 2.8%. Despite the margin compression, profit attributable to owners of t...
CMK Overhauls Governance Structure With New Audit and Supervisory Committee
May 14, 2026
CMK Corporation’s board has approved a plan to shift its governance structure from a company with a Board of Corporate Auditors to one with an Audit and Supervisory Committee, subject to shareholder approval at the June 25, 2026 general meet...
CMK Corp Lifts Sales but Sees Profit Pressure and Muted Outlook
May 14, 2026
CMK Corporation reported consolidated net sales of ¥100.2 billion for the year ended March 31, 2026, up 4.9% year on year, but operating and ordinary income fell sharply, reflecting margin pressures despite higher revenue. Profit attributable...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.