Meiko Electronics : FY2023 Q3 Presentation

FY2023 Q3

Financial Results Briefing

February 6, 2024

（Securities Identification Code: 6787）

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.

FY2023 Q3 Financial Results - Consolidated （ 100 million yen）

	FY2022	FY2023	Year-on-year
	Q3	Q3
	Diff.		%
Net sales	1,253	1,335	82		6.6%
Operating	80	83	3		4.5%
income	6.4%	6.2%
Ordinary	94	98	4		4.2%
income	7.5%	7.3%
Net	71	77	6		7.8%
income	5.7%	5.8%
Average FX rate	136.85	143.79
(JPY/USD)

2

Net Sales and Operating Income by Product Application（ 100 million yen）

			FY2022					FY2023
	PCB		EMS/ODM	Total		PCB		EMS/ODM	Total
		Operating		Operating	Operating		Operating		Operating		Operating
	Net Sales	Income	Net Sales	Income	Net Sales	Income	Net Sales	Income	Net Sales	Income	Net Sales	Income
		%		%		%		%		%		%
Automotive	640	45	10	0	650	45	710	55	38	1	748	56
		7.0%		0.0%		6.9%	7.7%		2.6%		7.5%
Smartphone/	208	12	0	0	208	12	184	12	0	0	184	12
Tablet
		5.8%		0.0%		5.8%	6.5%		0.0%		6.5%
Semiconductor	3	0		0	3	0	4	-7		0	4	-7
Package
		0.0%		0.0%		0.0%	-175.0%		0.0%		-175.0%
SSD/	75	10	0	0	75	10	60	7	0	0	60	7
IoT Module
		13.3%		0.0%		13.3%	11.7%		0.0%		11.7%
AI appliances/	197	14	120	-1	317	13	158	11	181	4	339	15
Amusement/
Industrial Equipment/
Other Substrate		7.1%		-0.8%		4.1%	7.0%		2.2%		4.4%
Total	1,123	81	130	-1 1,253	80	1,116	78	219	5 1,335	83
		7.2%		-0.8%		6.4%	7.0%		2.3%		6.2%
												3

Net Sales by Product Specification

• 100 million yen）

MLB HDI PCB Flexible PCB High Dissipation PCB Package Other Substrates EMS

6(0.4%)
32(2.4%)	4(0.3%)

FY2023

Q3

FY2022

Q3

605		451
(45.4%)	(33.8%)
↑30(5.2%)	↑-46(-9.3%)	5(0.4%)
				13(1.0%)
575		497
(45.9%)	(39.7%)
↑76(15.2%)	↑40(8.8%)		9(0.8%)
			22(2.0%)

219

(16.4%)

18(1.3%)

3(0.2%)

130

(10.4%)

30(2.4%)

1,335

↑82(6.5%)

1,253

↑153(13.9%)

FY2021

Q3

499

(45.4%)

457

(41.5%)

89

(8.1%)

24(2.2%)

1,100

0

200

400

600

800

1,000

1,200

4