CMC CORPORATION
2185・Standard Market・Services
Manuals & Knowledge Business (single segment)
A single-segment company providing integrated support for information systemization and utilization
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (H1 FY2026, cumulative) | ¥10,235 million | ¥8,935 million (H1 FY2025) | ↑ |
| Operating profit (H1 FY2026, cumulative) | ¥1,824 million | ¥1,167 million (H1 FY2025) | ↑ |
| Operating margin (H1 FY2026, cumulative) | 17.8% | 13.1% (H1 FY2025) | ↑ |
| Ordinary profit (H1 FY2026, cumulative) | ¥2,085 million | ¥1,482 million (H1 FY2025) | ↑ |
| Net income attributable to owners of parent, interim (H1 FY2026, cumulative) | ¥1,416 million | ¥980 million (H1 FY2025) | ↑ |
| Manuals business net sales (H1 FY2026, cumulative) | ¥4,065 million | ¥2,663 million (H1 FY2025) | ↑ |
| Knowledge business net sales (H1 FY2026, cumulative) | ¥5,743 million | ¥5,870 million (H1 FY2025) | ↓ |
| Net sales to overseas markets (H1 FY2026, cumulative) | ¥4,663 million | ¥3,479 million (H1 FY2025) | ↑ |
| Net sales to domestic market (H1 FY2026, cumulative) | ¥5,572 million | ¥5,456 million (H1 FY2025) | ↑ |
| Interim net income per share (H1 FY2026) | ¥109.61 | ¥74.28 (H1 FY2025) | ↑ |
| Equity ratio (end of H1 FY2026) | 81.2% | 79.5% (end of FY2025) | ↑ |
| Cash and cash equivalents (end of H1 FY2026) | ¥13,761 million | ¥13,062 million (end of FY2025) | ↑ |
| FY2026 (ending September 2026) full-year net sales forecast | ¥20,000 million | ¥18,256 million (FY2025 (ended September 2025) full-year actual) | ↑ |
| FY2026 (ending September 2026) full-year operating profit forecast | ¥3,000 million | ¥2,694 million (FY2025 (ended September 2025) full-year actual) | ↑ |
Business Details
The sole business segment operated by CM.com Group Co., Ltd. The company deeply understands its client companies' products and operational information, providing services that deliver "the information needed, when needed, in the optimal way." The segment consists of three categories: Manuals (information systemization), Knowledge (UX maximization), and Other (software licensing). Its principal customer is Toyota Motor Corporation (26.7% of net sales). The group operates both domestically and internationally, with 9 consolidated subsidiaries (5 domestic, 4 overseas).
Recent Overview
Substantial increase in both net sales and operating profit in the interim period, exceeding the earnings forecast
In H1 FY2026 (October 2025 to March 2026), net sales rose to ¥10,235 million (up 14.6% year on year) and operating profit surged to ¥1,824 million (up 56.3% year on year), a substantial increase in earnings. The Manuals business drove a sharp 52.6% year-on-year expansion, supported by product model cycle effects and thorough QCD management. Net sales to overseas markets also increased substantially, reaching ¥4,663 million (up 34.0% year on year). Results exceeded the interim earnings forecast announced in November 2025 by ¥235 million (+2.4%) in net sales and ¥424 million (+30.4%) in operating profit. Ordinary profit and net income also increased, aided by a foreign exchange gain of ¥188 million. The full-year earnings forecast (net sales of ¥20,000 million, operating profit of ¥3,000 million) remains unchanged. The interim dividend was increased to ¥27 (from ¥24 in the same period of the prior year). A commemorative dividend of ¥2 is planned at fiscal year-end to mark the transition to the Premier Market of the Nagoya Stock Exchange, bringing the projected annual dividend to ¥57.
Key Products
Growth Drivers
- Continued earnings momentum from substantial expansion of the Manuals business (up 52.6% year on year in H1 FY2026)
- Improved profitability through thorough QCD (Quality, Cost, Delivery) management (operating margin rose from 13.1% to 17.8%)
- Substantial expansion of net sales to overseas markets (up 34.0% year on year in the interim period, reaching ¥4,663 million)
- Steady demand for data utilization support premised on on-site use in the Knowledge business
- Accelerating AI adoption and DX investment among client companies amid the rapid advance of digital technologies including generative AI
- Sophistication of the earnings structure through transition to a "data platform" business model
- Strengthened competitiveness through organizational restructuring into QCD refinement functions and innovation functions for existing businesses
- Promotion of co-creation of business design with client companies through the renewal of Tongari LABO
Risks
- Risk of sales concentration in Toyota Motor Corporation (26.7% of net sales in FY2025 (ended September 2025))
- Risk of sales fluctuation in the Manuals business due to product model cycles and changes or cancellations in customers' sales plans
- Foreign exchange risk (a foreign exchange gain of ¥188 million was recorded in the interim period; potential impact on ordinary profit if the yen strengthens)
- Impact on the Knowledge business from deteriorating global market conditions, particularly in China (down 2.2% year on year in the interim period)
- Risk of declining competitiveness if the company fails to keep pace with technological innovations such as generative AI
- Rising costs of securing and developing human resources amid a declining working-age population
- Risk of fluctuation in net sales to overseas markets (a significant decline was experienced in the previous full fiscal year)
Last updated: December 12, 2025