TipRanks
Go Ultimate55% OFF

CMK Corporation (6958) AI Stock Analysis

JP:6958

CMK Corporation

(TSE/TYO:6958)

Select Model
Rating:63Neutral
Price Target:JPY 834.00â–²(14.56% Upside)
Action:downgraded
Date:08/17/26

The score is held back primarily by weak cash generation (consistently negative free cash flow), despite improving profitability and a reasonably stable balance sheet. Technicals are supportive with strong momentum but show overbought risk, while valuation is moderate with a decent dividend yield.

Positive Factors
Steady Revenue GrowthSustained revenue growth indicates continuing demand for CMK’s PCB manufacturing and engineering services. Growth across several fiscal years provides a durable base for utilization, customer programs and future earnings expansion.
Negative Factors
Persistent Negative Free Cash FlowPersistent negative free cash flow indicates that investment needs and cash conversion are not keeping pace with accounting profits. This may increase reliance on external funding and limit flexibility for capacity expansion or shareholder returns.

CMK Corporation (6958) vs. iShares MSCI Japan ETF (EWJ)

-25%0%25%50%75%100%125%JP:6958+89.03%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 51.90B
Dividend Yield
2.75%
Average Volume (3M)
838.14K
Price to Earnings (P/E)
13.7
Beta (1Y)
1.65
Revenue Growth
9.67%
EPS Growth
55.61%
Country
Japan
Employees
4,304
Sector
General
Sector Strength
55
Industry
Hardware, Equipment & Parts

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 extensive l...

How the Company Makes Money

CMK makes money mainly by supplying printed circuit boards (PCBs) and related engineering/manufacturing services to electronics and device manufacturers. Revenue is generated through (1) sales of PCBs produced to customer specifications, with pricing...

CMK Corporation Financial Statement Overview

Summary

Income statement and balance sheet are relatively solid (steady revenue growth and moderate leverage), but persistently negative free cash flow across FY2021–FY2026 is a major constraint, raising funding/earnings-quality risk despite positive operating cash flow.

Income Statement

70Positive

Balance Sheet

74Positive

Cash Flow

42Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2026Mar 2025Mar 2024Mar 2023
Income Statement
Total Revenue96.42B95.49B100.20B90.57B83.84B81.49B
Gross Profit14.18B15.57B14.94B14.36B12.63B12.29B
EBITDA11.09B11.83B9.29B9.79B7.56B8.02B
Net Income2.69B3.79B4.03B3.85B1.59B2.79B
Balance Sheet
Total Assets139.41B148.54B151.52B131.61B121.14B104.86B
Cash, Cash Equivalents and Short-Term Investments15.32B22.19B19.55B25.34B23.60B15.88B
Total Debt40.84B44.23B42.23B37.40B38.05B29.90B
Total Liabilities62.95B67.11B65.47B58.69B62.36B50.39B
Stockholders Equity74.27B79.11B83.49B70.81B56.85B52.72B
Cash Flow
Free Cash Flow0-9.21B-819.00M-6.53B-520.00M-3.77B
Operating Cash Flow09.06B7.82B9.44B6.25B2.48B
Investing Cash Flow0-18.75B-6.88B-14.21B-6.60B-6.11B
Financing Cash Flow04.70B-4.10B5.38B6.91B1.57B

CMK Corporation Technical Analysis

Technical Analysis SentimentNeutral
Last Price728.00

Price Trends

50DMA767.08Negative
100DMA725.37Positive
200DMA658.27Positive

Market Momentum

MACD-8.72Positive
RSI39.76Neutral
STOCH35.88Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6958, the sentiment is Neutral. The current price of 728.00 is below the 20-day moving average (MA) of 779.70, below the 50-day MA of 767.08, and above the 200-day MA of 658.27, indicating a neutral trend. The MACD of -8.72 indicates Positive momentum. The RSI at 39.76 is Neutral, neither overbought nor oversold. The STOCH value of 35.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:6958.

CMK Corporation Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:6958 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:6817JP:681764NeutralJPY 36.49B16.73―4.78%9.71%23.67%
JP:6958JP:695863NeutralJPY 49.12B13.67―2.75%9.67%55.61%
JP:6762JP:676262NeutralJPY 4.88T20.79―1.56%25.38%50.76%
JP:6996JP:699659NeutralJPY 144.58B18.86―1.78%0.36%45.02%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
JP:6997JP:699746NeutralJPY 46.49B11.545.80%1.20%15.81%―
JP:6976JP:697644NeutralJPY 1.14T58.89―1.05%5.60%―

* General Sector Average

Performance Comparison

0%100%200%300%400%JP:6958JP:6997JP:6762JP:6817JP:6976JP:6996Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:6958 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:6958CMK Corporation728.00339.9887.62%
JP:6997Nippon Chemi-Con Corporation1663.00123.478.02%
JP:6762TDK Corporation2572.00-57.75-2.20%
JP:6817Sumida Corporation1109.0032.793.05%
JP:6976Taiyo Yuden Co., Ltd.8553.004221.5597.46%
JP:6996Nichicon Corporation2133.00610.1340.06%

CMK Corporation Corporate Events

CMK Corporation Lifts Full-Year Outlook Despite Q1 Net Loss

Aug 5, 2026

CMK Corporation reported year-on-year increases in net sales and operating income for the first quarter of the fiscal year ending March 2027, driven by strong demand in its Mobility and New Business segments, particularly in driving control and safet...

CMK Corporation Books Extraordinary Income From Subsidiary Merger, No Impact on Consolidated Earnings

Aug 5, 2026

CMK Corporation has recorded extraordinary income on a non-consolidated basis following the absorption-type merger of its wholly owned subsidiary, CMK PRODUCTS Corporation, effective April 1, 2026. The income arose from a 1,287 million yen difference...

CMK Corporation Lifts Full-Year Forecast on Strong PCB Demand

Aug 5, 2026

CMK Corporation has raised its full-year forecast for the fiscal year ending March 31, 2027, projecting consolidated net sales of 110 billion yen and a sharp increase in operating profit compared with its May guidance. The upgrade reflects stronger d...

CMK Corporation Lifts Sales and Operating Profit but Books Quarterly Net Loss

Aug 5, 2026

CMK Corporation posted a strong rise in net sales for the three months to June 30, 2026, with revenue up 19.4% year on year to ¥27.2 billion and operating profit surging 140.8% to ¥385 million, although it slipped into a net loss attributab...

CMK Forms Strategic Alliance with China’s Ellington in Printed Wiring Boards

Jul 31, 2026

CMK Corporation has entered a strategic alliance with Guangdong Ellington Electronic Technology to deepen collaboration in the printed wiring board business, aligning two established players in multilayer and build‑up board production. The part...

CMK Issues Restricted Stock to Align Management and Shareholder Interests

Jul 24, 2026

CMK Corporation has approved the issuance of 38,082 new common shares as restricted stock compensation for four internal directors and eight executive officers, with a total value of approximately ¥24.7 million at an issue price of ¥648 per...

CMK Corporation Reshapes Leadership to Advance Next‑Generation Management

Jun 25, 2026

CMK Corporation has announced a leadership change, with Isao Osawa relinquishing his role as Representative Director while remaining as Chairman, effective June 25, 2026. The shift is positioned as part of a transition to a next‑generation mana...

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 con...

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 ab...

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, and...

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.

Date of analysis: Aug 17, 2026