CMK Corporation (6958) AI Stock Analysis

• Market Cap: ¥23.60B
• Dividend Yield: 5.71%
• Average Volume (3M): 532.69K
• Price to Earnings (P/E): 10.2
• Beta (1Y): 1.39
• Revenue Growth: 3.34%
• EPS Growth: -57.23%
• Country: JP
• Employees: 4,580
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 1.12
• Shares Outstanding: 71,298,100
• 10 Day Avg. Volume: 537,160
• 30 Day Avg. Volume: 532,690
• PEG Ratio: -0.44
• Price to Book (P/B): 0.36
• Price to Sales (P/S): 0.30
• P/FCF Ratio: -3.13
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥374.00
• Price Target Upside: 6.86% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 66 Neutral
• Price Target: ¥378.00 ▲(8.00% Upside)

CMK Corporation's stock score is primarily influenced by its solid valuation, with a low P/E ratio and high dividend yield suggesting potential undervaluation. Financial performance shows positive revenue growth and improved margins, but concerns over negative cash flow and rising debt persist. Technical analysis indicates weak momentum, with the stock trading below key moving averages. Overall, while the valuation is attractive, financial and technical challenges need to be addressed.

CMK Corporation Business Overview & Revenue Model

Company Description

CMK Corporation develops, produces, and markets various printed circuit boards and electronic devices for consumer and industrial use worldwide. The company offers automotive printed wiring boards (PWBs); high heat radiation copper base and metal composite PWBs; semi-flex and rigid-flex PWB series; thinner multi-layer FPC for high density components; high frequency correspondence PWBs; stress easing PWB technology series; PPBU series; through-hole PWBs. It also provides double-sided, multilayer, build-up, and environmentally friendly PWBs. The company's products are used in automobiles; digital still and video cameras; amusements; mobile communications devices; and audio-visual, visual, and digital equipment, as well as in products for housing equipment, medical and healthcare products, aero products, and lighting equipment. The company was formerly known as Chuo Meiban Kogyo Co., Ltd. and changed its name to CMK Corporation in 1984. CMK Corporation was incorporated in 1961 and is headquartered in Tokyo, Japan.

How the Company Makes Money

CMK Corporation generates revenue primarily through the sale of printed circuit boards and electronic components to various industries. Their revenue model is driven by a combination of direct sales to manufacturers, long-term supply contracts, and partnerships with major electronics firms. Key revenue streams include the production of high-density interconnect (HDI) boards, flexible printed circuits, and multilayer PCBs, which are in high demand for advanced electronic devices. The company also benefits from economies of scale and operational efficiencies, allowing it to maintain competitive pricing and secure repeat business from established clients.

CMK Corporation Financial Statement Overview

Summary

CMK Corporation shows solid revenue growth and improved gross margins. However, the decline in net profit margin and consistent negative free cash flow are concerns. The balance sheet is strong with good equity levels, but rising debt warrants caution.

Income Statement

CMK Corporation's revenue has shown consistent growth, with an increase from JPY 90,568 million in 2024 to JPY 95,486 million in 2025, representing a revenue growth rate of 5.45%. The gross profit margin increased from 15.85% in 2024 to 16.30% in 2025, indicating improved cost management. However, the net profit margin slightly declined from 4.26% to 3.97% due to higher operating expenses. The EBIT margin showed a modest improvement, reflecting stronger operational efficiency.

Balance Sheet

The balance sheet highlights a stable equity base, with stockholders' equity increasing from JPY 70,814 million in 2024 to JPY 79,112 million in 2025. The debt-to-equity ratio remains manageable at 0.56, although total debt increased. The equity ratio improved from 53.81% in 2024 to 53.23% in 2025, suggesting a solid capital structure despite moderate leverage.

Cash Flow

CMK Corporation experienced negative free cash flow in both 2024 and 2025, with a decline from JPY -6,531 million to JPY -9,208 million. The operating cash flow slightly decreased, impacting the operating cash flow to net income ratio negatively. The company needs to address its cash outflows, particularly capital expenditures, to improve liquidity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	95.49B	95.49B	90.57B	83.84B	81.49B	69.97B
Gross Profit	15.57B	15.57B	14.36B	12.63B	12.29B	6.96B
EBITDA	8.31B	11.83B	9.79B	7.56B	8.02B	2.73B
Net Income	3.79B	3.79B	3.85B	1.59B	2.79B	-1.87B
Balance Sheet
Total Assets	148.54B	148.54B	131.61B	114.57B	104.86B	96.50B
Cash, Cash Equivalents and Short-Term Investments	22.19B	22.19B	25.34B	23.60B	15.88B	17.47B
Total Debt	44.23B	44.23B	37.40B	38.05B	29.90B	26.13B
Total Liabilities	67.11B	67.11B	58.69B	55.79B	50.40B	44.98B
Stockholders Equity	79.11B	79.11B	70.81B	56.85B	52.72B	48.04B
Cash Flow
Free Cash Flow	0.00	-9.21B	-6.53B	-520.00M	-3.77B	-364.00M
Operating Cash Flow	0.00	9.06B	9.44B	6.25B	2.48B	3.42B
Investing Cash Flow	0.00	-18.75B	-14.21B	-6.60B	-6.11B	-3.19B
Financing Cash Flow	0.00	4.70B	5.38B	6.91B	1.57B	1.16B

CMK Corporation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 350.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6958, the sentiment is Negative. The current price of 350 is below the 20-day moving average (MA) of 354.15, below the 50-day MA of 355.72, and below the 200-day MA of 378.55, indicating a bearish trend. The MACD of -0.67 indicates Positive momentum. The RSI at 45.89 is Neutral, neither overbought nor oversold. The STOCH value of 56.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6958.

CMK Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6787	76 Outperform	¥256.80B	16.37	13.79%	0.76%	15.13%	31.79%
6814	75 Outperform	¥181.68B	13.28	15.87%	1.91%	9.11%	114.88%
6957	75 Outperform	¥109.98B	36.41	10.16%	2.11%	4.48%	-39.40%
6996	70 Outperform	¥100.93B	19.10	4.84%	2.35%	-2.07%	-18.83%
6866	68 Neutral	¥84.61B	14.32	―	3.23%	7.11%	7.49%
6958	66 Neutral	¥23.60B	10.22	―	5.71%	3.34%	-57.23%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

CMK Corporation Corporate Events

CMK Corporation to Merge with Subsidiary for Strategic Growth

CMK Corporation has announced a merger with its wholly owned subsidiary, CMK PRODUCTS Corporation, effective April 1, 2026. This strategic move is aimed at enhancing the company’s overall strength, improving business competitiveness, and increasing management efficiency by combining mass production capabilities with short delivery prototype expertise.

The most recent analyst rating on (JP:6958) stock is a Buy with a Yen395.00 price target. To see the full list of analyst forecasts on CMK Corporation stock, see the JP:6958 Stock Forecast page.

CMK Corporation Completes Payment for Restricted Stock Issuance

CMK Corporation has successfully completed the payment process for issuing new shares as restricted stock compensation, a move initially announced on July 18, 2025. This issuance involves 41,624 common shares at a price of 339 yen per share, totaling 14,110,536 yen, and is allocated to six company directors, excluding outside directors, which may enhance executive alignment with shareholder interests.

CMK Corporation Faces Significant Financial Declines in Q1 2025

CMK Corporation reported a challenging first quarter for the fiscal year 2025, with significant declines in key financial metrics compared to the previous year. Net sales slightly decreased by 0.4%, while operating income and ordinary income saw drastic reductions of 78.6% and 89.4%, respectively. The company’s profit attributable to owners of the parent plummeted by 94.4%. The equity ratio remained stable at around 52.8%, but comprehensive income turned negative. Despite these setbacks, CMK Corporation maintains its financial forecast for the year ending March 31, 2026, with a slight increase in net sales expected.

CMK Corporation Announces New Share Issuance for Director Compensation

CMK Corporation has announced the issuance of new shares as part of a restricted stock compensation plan for its directors, excluding outside directors. This initiative aims to incentivize directors to enhance corporate value and align their interests with shareholders. The issuance involves 41,624 common shares at an issue price of 339 yen per share, totaling 14,110,536 yen. The transfer restrictions on these shares will be lifted under certain conditions related to the directors’ tenure, promoting long-term engagement and stability within the company’s leadership.