Slide 1: FY2024 Financial Results Briefing
FY2024 Financial Results Briefing May 22, 2025 （Securities Identification Code: 6787） 1
Slide 2: Disclaimer
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 statemen
Slide 3: Agenda: FY2024 result
１ FY2024 (result) ２ FY2025 (forecast) Initiatives to Enhance 3 Corporate Value 4 Future Policies 3
Slide 4: FY2024 result
FY2024 result （ billion yen） FY2023 FY2024 Year-on-year result result Diff. % PCB 149.2 170.6 21.4 14.3% Net sales EMS 30.3 36.2 5.9 19.5% 179.5 206.8 27.3 15.2% PCB 10.8 7.2% 17.2 10.1% 6.4 59.3% Operating income EMS 0.9 3.0% 1.9 5.2% 1.0 111.1% 11.7 6.5% 19.1 9.2% 7.4 63.7% Ordinary income 14.3 8.
Slide 5: FY2024 result by Product Application
FY2024 result by Product Application （ billion yen） FY2023 FY2024 ODM ODM 16.3 17.7 EMS EMS 14 (9.1%) 18.5 (8.6%) Amusement Smart Appliances (7.8%) (8.9%) Amusement Automotive Industrial Equipment Automotive Smart Appliances Other Substrates 17.2 Industrial Equipment 90.4 94.7 Other Substrates (9.6%
Slide 6: FY2024 result by Product Specification
FY2024 result by Product Specification （ billion yen） FY2023 FY2024 ODM ODM MLB MLB EMS 16.3 4 layers or less EMS 17.7 4 layers or less Package 14.0 43.6 (9.1%) Package 18.5 (8.6%) 42.3 0.7(0.4%) (7.8%) (24.2%) 1.0(0.5%) (8.9%) (20.5%) Flexible 6.4(3.6%) Flexible 5.3(2.6%) / High Dissipation / High
Slide 7: FY2025 (forecast)
１ FY2024 (result) ２ FY2025 (forecast) Initiatives to Enhance 3 Corporate Value 4 Future Policies 7
Slide 8: FY2024 result and FY2025 forecast
FY2024 result and FY2025 forecast （ billion yen） FY2024 FY2025 Year-on-year result forecast Diff. % PCB 170.6 174.0 3.4 2.0% EMS 36.2 39.0 2.8 7.7% Net sales 206.8 213.0 6.2 3.0% PCB 17.2 10.1% 17.7 10.2% 0.5 2.9% EMS 1.9 5.2% 2.3 5.9% 0.4 21.1% Operating income 19.1 9.2% 20.0 9.4% 0.9 4.8% Ordinary
Slide 9: FY2025 forecast by Product Application
FY2025 forecast by Product Application （ billion yen） FY2024 FY2025 ODM ODM 17.7 19.0 EMS EMS 18.5 (8.6%) (8.9%) 20.0 (8.9%) Amusement Smart Appliances Automotive Amusement (9.4%) Automotive Industrial Equipment 90.4 Smart Appliances Other Substrates Industrial Equipment 91.0 206.8 (43.6%) 213.0 Oth
Slide 10: FY2025 forecast by Product Specification
FY2025 forecast by Product Specification （ billion yen） FY2024 FY2025 ODM ODM MLB 19.0 MLB 17.7 4 layers or less 4 layers or less EMS (8.9%) EMS 39.0 Package 18.5 (8.6%) 42.3 Package 20.0 1.0(0.5%) (18.3%) (8.9%) (20.5%) 1.5(0.7%) Flexible 5.3(2.6%) (9.4%) / High Dissipation Flexible 5.5(2.6%) / Oth
Slide 11: Initiatives to Enhance Corporate Value
１ FY2024 (result) ２ FY2025 (forecast) Initiatives to Enhance 3 Corporate Value 4 Future Policies 11
Slide 12: Initiatives to Enhance Corporate Value
Initiatives to Enhance Corporate Value （ billion yen） １．We will continuously expand sales and profits through investments in facilities and R&D. ２．We will continue to strengthen our balanced financial position. ３．The consolidated dividend payout ratio is targeted at 15%. ４．We will strive to increase
Slide 13: Future Policies
１ FY2024 (result) ２ FY2025 (forecast) Initiatives to Enhance 3 Corporate Value 4 Future Policies 13
Slide 14: Outlook of Medium-term Business Plan
Outlook of Medium-term Business Plan （ billion yen） Net Sales Operating income 280.0 240.0 213.0 206.8 179.5 167.3 26.5 22.5 19.1 20.0 9.5% 9.4% 9.6 11.7 9.2% 9.4% 5.7% 6.5% FY2022 FY2023 FY2024 FY2025 FY2026 FY2027 FX rate (JPY/USD) 136.00 145.31 152.57 140 140 140 Capex 17.4 19.9 29.8 51.0 35.0 25
Slide 15: PKG Business
PKG Business Products: FC-BGA substrates Ishinomaki Factory No.2 【Sales plan】 （billion yen） 60 Revised FC-BGA substrates forecast 50 40 Previous forecast 30 Slowdown in mass production 20 plans due to market conditions. 10 Development and prototyping projects are steady. 0 Accelerate developme
Slide 16: Tendo Factory
Tendo Factory Tendo Solar Park 《Tendo Factory》 Large-scale build-up eco-smart factory 700kW 250t/year CO2 reduction (No.2) Development No.1 《Kahoku Factory》 center Differentiation from existing plants 《Tendo Development Center》 （billion yen） 【Sales plan】 300 Mass production of developed products ・ S
Slide 17: Vietnam Plant No.4
Vietnam Plant No.4 Vietnam Plant No.2 is already running at full capacity, therefore No.4 plans to start partial operations in July to prepare for future increases in demand. Overview of Vietnam Plant No.4 Total floor Approx. 60,000㎡ area （15,000㎡×4F） Capex Approx. 25 billion yen Supplementation of
Slide 18: Hoa Binh Plant
Hoa Binh Plant In response to future growth in demand for AI devices, we are launching a state-of-the-art factory in Hoa Binh, taking into account the advantages of electricity and other factors. Overview of Hoa Binh Plant Site area Approx. 93,000㎡ Noi Bai Airport Total floor Quang Minh Plant Approx
Slide 19: Nanyo Factory (EMS Factory Expansion)
Nanyo Factory (EMS Factory Expansion) Realizing a wide range of advanced ODM-type product development and production that cannot be handled by conventional EMS companies. Overview of Nanyo Factory Completion sketch Site area Approx. 11,300㎡+7,600㎡(newly acquired) Total floor Approx. 4,700㎡（New facto