Meiko Electronics : FY2023 Q4 Presentation

FY2023

Financial Results Briefing

May 10, 2024

（Securities Identification Code: 6787）

FY2023 Results and FY2024 Forecasts - Consolidated

（Unit：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
				8.2%
	5.7%	6.5%
	Ordinary	112	143	27.2%	150	5.1%
	income
				7.7%
	6.7%	8.0%
	Net	88	113	27.8%	125	10.5%
	income
				6.4%
	5.3%	6.3%
	Average FX rate	136.0	145.3		145
	(JPY/USD)
						1/5
			Meiko Electronics Co., Ltd.

Net Sales and Operating Income by Product Application

（Unit：100 million yen）

	FY2022 results	FY2023 results	FY2024 forecasts
		Operating		Operating		Operating
	Net Sales	Income	Net Sales	Income	Net Sales	Income
		%		%		%
Automotive	845	60	947	81	969	95
		7.1%		8.6%		9.8%
Smartphone/	271	11	266	21	238	30
Tablet
	4.1%		7.9%		12.6%
Package	5	0	7	-15	10	-17
Semiconductor
		0.0%		-214.3%		-170.0%
SSD/	100	10	85	10	77	12
IoT Module
	10.0%		11.8%		15.6%
satellite communication	0	0	0	0	80	8
		0.0%		0.0%		10.0%
AI appliances/	249	16	187	11	240	21
Industrial Equipment/
Amusement/
Other Substrate		6.4%		5.9%		8.8%
EMS/ODM	203	-1	303	9	336	11
		-0.5%		3.0%		3.3%
Total	1,673	96	1,795	117	1,950	160
		5.7%		6.5%		8.2%	2/5

Meiko Electronics Co., Ltd.

Net Sales by Product Specification （Unit：100 million yen）

MLB

FY2024

forecasts

FY2023 results

FY2022 results

HDI PCB

Flexible PCB

High Dissipation PCB

Package

Other Substrates

EMS/ODM

9(0.5%)

10(0.5%)

43(2.2%)

810		722														336			1,950
(41.5%)			(37.0%)														(17.3%)
														20(1.0%)
↑11(1.4%)			↑100(16.1%)				9(0.5%)
														7(0.4%)
						41(2.3%)
799		622											303					1,795
(44.5%)		(34.7%)							(16.8%)
												14(0.8%)
↑43(5.7%)		↑-19(-3.0%)		48(2.9%)
				20(1.2%)					5(0.3%)
756	641									203								1,673
(45.2%)	(38.3%)							(12.1%)

3/5

Meiko Electronics Co., Ltd.

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.