On November 6, CMK, a major manufacturer of printed circuit boards (PCB) in Japan, released its financial report for the third quarter of 2018 (july-september). As PCB is the center of vehicle use and orders continue to increase, consolidated revenue rose 7.2% to 22.693 billion yen from the same period last year, and consolidated revenue increased 2.3% to 1.031 billion yen. Combined net profit increased 23.7% to 940 million yen.
In terms of regional performance, the revenue of CMK in the Japanese market in the last quarter rose 2.8 percent to 13.458 billion yen compared with the same period last year, and the revenue increased by 16.4 percent to 753 million yen.Revenue in China rose 7.4% to 7.413 billion yen, and revenue dropped 19.5% to 260 million yen.Revenue in southeast Asia surged 14.4 percent to 5.762 billion yen, while revenue surged 47.4 percent to 0.56 billion yen.Revenue jumped 23.9 percent to 1.841 billion yen and revenue rose 16.1 percent to 101 million yen.
CMK maintained its forecast for this year (April 2018-march 2019) unchanged;Combined revenues will rise 3.6 per cent to y90bn annually, revenues will fall 6.2 per cent to y4bn and net profits will fall 17.5 per cent to y3bn annually.
CMK announced on February 28 because of Advanced Driver Assistance Systems;ADAS) and second generation models popularization, makes the motor PCB market continues to expand, so in order to deal with the order increases, its subsidiary in Thailand "CMK Corporation (Thailand) Co., Ltd." will invest about 5 billion yen in the existing factory premises add vehicle PCB, expanding new factory production line, and the new production line in December 2018, is expected to gradually enable, to Thailand factory capacity can be more current increases by about 25%.