Meiko Electronics : FY2023 2nd Half Presentation

FY2023

Financial Results Briefing

May 16, 2024

（Securities Identification Code: 6787）

Disclaimer:

This presentation contains forward-looking statements concerning Meiko Group's future plans, strategies and performance. However, Meiko does not publish this presentation as a disclosure document based on the Financial Instruments and Exchange Act of Japan.

These forward-looking statements are not historical facts, rather they represent assumptions and beliefs based on comprehensive data currently available.

Furthermore, the Printed Circuit Board business is subject to a number of risks and uncertainties that relate to raw material price, conditions of customers' market, technological trends, change of foreign exchange , change of tax rules and regulations, disasters, international conflicts and other factors. Meiko therefore wishes to caution that actual results may differ materially from our expectations.

This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

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FY2023 (result)

FY2024 (forecast)

Financial Strategy and Shareholder Returns

Future Policies

FY2023 results

• 100 million yen ）

	FY2022	FY2023	Year-on-year
	result	result
	Diff.	%
Net sales	1,673	1,795	122	7.3%
Operating	96	117	21	21.8%
income	5.7%	6.5%
Ordinary	112	143	31	27.2%
income	6.7%	8.0%
Net	88	113	25	27.8%
income	5.3%	6.3%
Average FX rate	136.0	145.3
(JPY/USD)
				4/5

Meiko Electronics Co., Ltd.

4

	FY2023 result by Product Application	（ 100 million yen ）
			FY2022 results		FY2023 results
					Operating		Operating
			Net Sales		Income	Net Sales		Income
					%			%
		Automotive	845		60	947		81
					7.1%			8.6%
		Smartphone/	271		11	266		21
		Tablet
				4.1%			7.9%
		Semiconductor	5		0	7		-15
		Package
				0.0%			-214.3%
		SSD/	100		10	85		10
		IoT Module
				10.0%			11.8%
		satellite	0		0.0%	0		0
		communication
				0.0%			0.0%
		AI appliances/	249		16	187		11
		Industrial Equipment/
		Amusement/
		Other Substrate			6.4%			5.9%
		EMS/ODM	203		-1	303		9
					-0.5%			3.0%
		Total	1,673		96	1,795		117
					5.7%			6.5%	5/5

Meiko Electronics Co., Ltd.

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  ２

3

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FY2023 (result)

FY2024 (forecast)

Financial Strategy and Shareholder Returns

Future Policies

FY2023 results and FY2024 forecasts

（ 100 million yen ）

	FY2022	FY2023	Year-on-year	FY2024	Year-on-year
	results	results		forecasts
	%	%
Net sales	1,673	1,795	7.3%	1,950	8.7%
Operating	96	117	21.8%	160	37.2%
income	5.7%	6.5%		8.2%
Ordinary	112	143	27.2%	150	5.1%
income	6.7%	8.0%		7.7%
Net	88	113	27.8%	125	10.5%
income	5.3%	6.3%		6.4%
Average FX rate	136.0	145.3		145
(JPY/USD)

7/5

Meiko Electronics Co., Ltd.

7

	FY2024 forecasts by Product Application	（ 100 million yen ）
			FY2023 results		FY2024 forecasts
					Operating			Operating
			Net Sales		Income	Net Sales		Income
					%			%
		Automotive	947		81	969		95
					8.6%			9.8%
		Smartphone/	266		21	238		30
		Tablet
				7.9%			12.6%
		Semiconductor	7		-15	10		-17
		Package
				-214.3%			-170.0%
		SSD/	85		10	77		12
		IoT Module
				11.8%			15.6%
		satellite				80		8
		communication
							10.0%
		AI appliances/	187		11	240		21
		Amusement/
		Industrial Equipment/
		Other Substrate			5.9%			8.8%
		EMS/ODM	303		9	336		11
					3.0%			3.3%
		Total	1,795		117	1,950		160	8/5
					6.5%			8.2%

Meiko Electronics Co., Ltd.

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Net Sales by Product Specification

（100 million yen ）

MLB

HDI PCB

Flexible PCB

High Dissipation PCB

Package

Other Substrates

EMS/ODM

9(0.5%)

Total

10(0.5%)

43(2.2%)

FY2024 forecasts

810

(41.5%)

↑11(1.4%)

722

(37.0%)

↑100(16.1%) 9(0.5%)

41(2.3%)

336

(17.3%)

20(1.0%)

7(0.4%)

1,950

FY2023

results

FY2022

results

799

(44.5%)

↑43(5.7%)

756

(45.2%)

622

(34.7%)

↑-19(-3.0%)48(2.9%)

20(1.2%)

641

(38.3%)

303

(16.8%)

14(0.8%)

5(0.3%)

203

(12.1%)

1,795

1,673

/5

Meiko Electronics Co., Ltd.

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• 
  ２

3

4

FY2023 (result)

FY2024 (forecast)

Financial Strategy and Shareholder Returns

Future Policies