Slide 1: FY2019 Financial Results Briefing
FY2019 Financial Results Briefing May 21, 2020 （Securities Identification Code: 6787）
Slide 2: Forward-looking statements 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 h
Slide 3: FY2019 Results / FY2020 Plan / Future Endeavor
１ FY2019 Results ２ FY2020 Plan 3 Future Endeavor 3
Slide 4: Financial Results Highlights in FY2019
Financial Results Highlights in FY2019 ・Net sales decreased by 3.4 billion yen year on year to 115.5 billion yen. →The impact of Wuhan and Guangzhou Plants suspension Net due to COVID-19 was 2.9 billion yen in the sales drop. sales ・’Automotive’ decreased 2.4% year on year to 53.4 billion yen ・’Smar
Slide 5: FY2019 Consolidated Business Performance
FY2019 Consolidated Business Performance （100 million yen） Year-on-year FY2018 FY2019 results results difference % N e t s a l e s 1,189 1,155 -34 -2.9% Operating income 89 52 -37 -41.9% 7.5% 4.5% Ordinary income 86 48 -38 -44.4% 7.2% 4.1% N e t i n c o m e 67 26 -41 -61.6% 5.6% 2.2 % Average Exchan
Slide 6: FY2019 Revenue by Product Applications
FY2019 Revenue by Product Applications (100 million yen) FY2018 FY2019 Difference Operating Operating Operating income income Sales i n c o m e Sales Sales % % % % 39 29 -13 -10 Automotive 547 534 7.1% 5.4% -2.4% -25.6% 38 18 -76 -20 Smartphones 325 249 11.7% 7.2% -23.4% -52.6% 12 5 55 -7 Others 317
Slide 7: Quarterly Financial Results
Quarterly Financial Results （100 million yen） Operating Operating Operating Net Sales Net sales income Margin income (Total) 40 300 315 303 307 298 299 292 277 280 274 32 273 30 255 257 26 200 25 24 20 19 10.1% 17 8.7% 17 17 8.5% 8.2% 16 15 100 7.4% 6.5% 6.8% 6.2% 10 6.0% 5.9% 5.9% 5.7% 2.5% 5.1% 4.
Slide 8: Analysis of operating profit change (PCB only)
Analysis of operating profit change (PCB only) FY2018→FY2019 (100 million yen) Decrease in Sales Decrease Increase in fixed in selling Impact of Decrease cost expenses FX rates in variable cost FY2018 results FY2019 results (Exchange rate 111.04yen/us$) (Exchange rate 108.93yen/us$) 8
Slide 9: Revenue by Product Application
Revenue by Product Application （100 million yen ） Automotive Smartphones IoT・AI Amusement Storage Office equipment Digital home appliances Other substrates EMS 26 15 (2.3%) (1.3%) FY2019 534 249 60 40 96 1,155 (46.2%) (21.6%) (5.2%) (3.5%) (8.3%) 55 80 (4.8%) (6.8%) -13 -76 ＋55 -34 (-2.4%) (-23.4%)
Slide 10: Sales by Product Specification
Sales by Product Specification （100 million yen ） Double-sided PCB Four-layerPCB Six layers or more HDI PCB High Dissipation PCB Flexible PCB Other substrates EMS 28 (2.4%) FY2019 65 264 222 451 15 96 1,155 (5.6%) (22.9%) (19.2%) (39.1%) (1.3%) (8.3%) 14 (1.2%) -36 -34 ＋44 -34 (-12.0%) (-7.0%) (84.6
Slide 11: FY2020 Plan
１ FY2019 Results ２ FY2020 Plan 3 Future Endeavor 11
Slide 12: The prospects of FY2020
The prospects of FY2020 Assumption: The effects of the new coronavirus will be resolved after summer and gradually recover from the second half of FY2020. → 3.6 billion yen drop of sales is expected due to the transposition of orders and others as a result of Wuhan Plant suspension caused by coronav
Slide 13: Consolidated Financial Prospect for FY2020
Consolidated Financial Prospect for FY2020 （100million yen） Difference FY2018 FY2019 increase % Net Sales 1,155 1,100 -55 -4.8% Operating 52 35 -17 -32.7% i n c o m e 4.5% 3.2% Ordinary 48 25 -23 -47.9% i n c o m e 4.1% 2.3% N e t 26 17 -9 -34.6% i n c o m e 2.2% 1.5% Exchange rate （Yen /USD） 108.93
Slide 14: FY2020 Revenue by Product Applications
FY2020 Revenue by Product Applications （100million yen） FY2019 FY2020 Difference Op erat i ng Op era t i n g Op era t i n g Sales i n c o m e Sales i n c o m e Sales i n c o m e (%) (%) (%) 29 10 -98 -19 Automotive 534 5.4% 436 2.3% -18.4% -65.5% Smartphone 18 20 7 2 Tablet 249 7.2% 256 7.8% 2.8% 11
Slide 15: Sales Forecast by Product Application in FY2020
Sales Forecast by Product Application in FY2020 （100million yen） Automotive Smartphone/Tablet IoT・AI Amusement Storage Office equipment Digital home appliances Other substrates EMS 28 12 (2.5%) (1.1%) FY2020 436 256 70 31 153 1,100 (39.6%) (23.3%) (6.4%) (2.8%) (13.9%) 34 80 (3.1%) (7.3%) -98億円 ＋7 ＋
Slide 16: Sales Forecast by Product Specification in FY2020
Sales Forecast by Product Specification in FY2020（100million yen） Double-sided PCB Four-layerPCB Six layers or more HDI PCB High Dissipation PCB Flexible PCB Other substrates EMS 23 (2.1%) FY2020 1,100 43 204 187 455 19 153 (3.9%) (18.5%) (17.0%) (41.4%) (1.7%) (13.9%) 16 (1.5%) -60 -35 +4 ＋57 -55 (
Slide 17: Future Endeavor
１ FY2019 Results ２ FY2020 Plan 3 Future Endeavor 17
Slide 18: Initiatives for an AFTER COVID-19 society
Initiatives for an AFTER COVID-19 society Initiatives in China: Surgical Mask production ・ Surgical mask production had been started in a clean room in the Guangzhou Plant amid difficulties to procure them for internal use. (producing 2 million pieces per month) Initiatives in Vietnam: Artificial Re
Slide 19: Investment policy
Investment policy （100million yen） Capital investment • FY19: Completed investment in Vietnam Plant (new building and first-phase construction) • From FY2020: Place emphasis on ROIC and continue strategic investment such as 5G / module 3 billion yen reduction 150 120 100 50 FY2019 plan FY2019 result
Slide 20: Strengthening 5G business
Strengthening 5G business Continue investment in smartphone production plants with a view to 5G market expansion PCB: World smartphone production World self-driving car production - HDI Printed circuit board market trends - Memory Package 5G Others Level1-3 Level4-5 Unit: 100 million Unit: million u
Slide 21: Strengthening Module PCB business
Strengthening Module PCB business Strengthen module PCB business following automobile and smartphone PCB, and establish products which have effects on entire IC products. Vital PCB segments Strengthening area Automobile Smartphone Module Heavy Copper Buildup NAND PKG FEM HDI Buildup Promote multi-fa
Slide 22: Strengthening EMS・FPC Business
Strengthening EMS・FPC Business EMS Business FPC Business （unit：100 million yen） （unit：100 million yen） 150 20 others 100 IoT・AI 10 Digital Appliances 50 0 Smartphone 2018 2019 2020 Tablet Expanded factory #1 of Vietnam Plant in order to Automobile bolster FPC・EMS business 0 2018 2019 2020 Vietnam Pl