Slide 1: FY2021 Second Quarter Financial Results Briefing
FY2021 Second Quarter Financial Results Briefing November 11, 2021 （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: Agenda
１ FY2021 Key Financials ２ Outlook for the current term 3 Future strategy 3
Slide 4: FY2021 1st half business environment
FY2021 1st half business environment Overview Sales and profits increased significantly in the first half supported by the strong demand ●Orders for Automotive have remained at a high level since the beginning of the term ●Smartphones, AI home appliances / IoT, EMS The impact of semiconductor shorta
Slide 5: FY2021 1st Half Results
FY2021 1st Half Results （ 100 million yen ） Year-on-year FY20 1st half FY21 1st half results results Diff. % Net sales 532 695 163 30.5% Operating income 18 55 37 205.8% 3.4% 8.0% Ordinary income 6 53 47 854.3% 1.1% 7.7% Net income 2 42 40 2052.5% 0.4% 6.0% Average FX rate （JPY/USD） 106.30 110.12 Di
Slide 6: FY2021 1st Half Revenue by Product Applications
FY2021 1st Half Revenue by Product Applications （ 100 million yen ） FY20 1st half results FY21 1st half results Year-on-year Diff. % Operating income Operating income Net sales Net sales % % Automotive 222 9 348 29 126 20 4.1% 8.3% 56.8% 222.2% Smartphone 127 10 146 16 19 6 Tablet 7.9% 11.0% 15.0% 6
Slide 7: Outlook for the current term
１ FY2021 Key Financials ２ Outlook for the current term 3 Future strategy 7
Slide 8: FY2021 2nd half business environment
FY2021 2nd half business environment Overview Full-year earnings forecast revised upward ●Orders for automotive are currently declining due to a shortage of electronic and processed parts ●Orders for smartphones, AI home appliances / IoT and EMS are stable ●Procurement prices rise due to power restr
Slide 9: Full-Year Outlook FY2021 - Consolidated
Full-Year Outlook FY2021- Consolidated （ 100 million yen ） FY2021 FY2021 1st FY2021 2nd Previous Full year Diff. half results Half forecast forecast forecast Net Sales 695 755 1,450 1,350 100 Operating Income 55 65 120 95 25 8.0% 8.6% 8.3% 7.0% 1.3% Ordinary Income 53 57 110 87 23 7.7% 7.5% 7.6% 6.4
Slide 10: Full-Year Outlook FY2021 (Breakdown by Product Application)
Full-Year Outlook FY2021- Consolidated (Breakdown by Product Application) （ 100 million yen ） FY2021 1st half FY2021 2nd half FY2021 Full year results forecast forecast Operating income Operating income Operating income Net sales Net sales Net sales % % % Automotive 348 29 363 31 711 60 8.3% 8.5% 8.
Slide 11: Sales by Product Specification
Sales by Product Specification （ 100 million yen ） Double-sided PCB Four-layer PCB Six layers or more HDI PCB High Dissipation PCB Flexible PCB Other substrates EMS (1.2%) FY2021 2nd 9 (3.2%) (20.0%) (20.8%) (41.7%) 755 (2.1%) half forecast 24 151 157 315 16 (0.7%)(10.3%) +1 +13 +32 5 78 +25 +60 (+0
Slide 12: Half year trend of Net Sales, Operating Income and others
Half year trend of Net Sales, Operating Income and others Operating （ 100 million yen ） Operating Net sales margin income (Total) 755 695 661 618 591 571 564 553 9.2% 8.6% 532 532 8.0% 65 502 474 479 7.3% 7.3% 457 57 6.5% 55 6.2% 5.7% 5.8% 5.7% 5.8% 49 39 36 32 34 31 3.4% 27 27 3.2% 18 18 6 1.2% FY2
Slide 13: Sustainability initiatives
Sustainability initiatives Meiko Group is aggressively striving its sustainable activities to enhance the trust of all stakeholders through its sound/transparent management Sustainability and business activities harmonizing the society and the environment, Policy thereby contribute to the sustainabl
Slide 14: New Market Segment in Tokyo Stock Exchange
New Market Segment in Tokyo Stock Exchange Meiko received the results of the initial assessment from Tokyo Stock Exchange on July 9th 2021 →Confirmed it complied with the listing criteria for the Prime Market in the new market segments Meiko resolved to select and apply for listing on the Prime Mark
Slide 15: Future strategy
１ FY2021 Key Financials ２ Outlook for the current term 3 Future strategy 15
Slide 16: Automotive & Semiconductor Market Forecast
Automotive & Semiconductor Market Forecast Vehicle Production ADAS-Vehicle ADAS-Sensors Semiconductor Sales (MUnits) (MUnits) (MUnits) 1.7 (BUSD) 100 96.96 100 Total Level-3 250 LIDAR Memory EV Level-2 Radar Logic 478.2 Level-1 Camera (9.6%) 500 Micro 436.4 74*1 200 Analog (20.8%) 75 75 0.5 183.36 3
Slide 17: Automotive PCB Technology Roadmap
Automotive PCB Technology Roadmap Environment Y2025 Y2030 Y2035 ADAS Mandatory (‘22) US 50%(include PHV) China, Japan 100% Autonomous (Include HEV) EV/FCV China Level-3 50% UK 100% IEA,EU,CA 100% PCB Y2021 Y2023 Y2025 Connected 4G TCU Market Growth 5G Penetration (Communication Module) (10-12L AnyLa
Slide 18: Module/Package Substrate Technology Roadmap
Module/Package Substrate Technology Roadmap IC Package Trend Lead-Frame PBGA FC-CSP FC-BGA (Fine,Large I/O) Memory Smartphone Automotive MPU Network Discrete IC FEM Edge Device PC, Gaming Server Competitor From PBGA/FC-CSP to FC-BGA FC-BGA Capacity Expansion PCB Y2021 Y2023 Y2025 Package PBGA PBGA /
Slide 19: New Yamagata Factory
New Yamagata Factory 【Concept】 Domestic Advanced Eco-smart (IT/FA/Energy Saving & Harvesting) １）Location : Yamagata-Prefecture, Tendo-City ２）Land Area : Approx. 65,000㎡ ３）Floor Area : Approx. 25,000㎡ (Step1) Approx. 45,000㎡ (Step2) ４）Annual Sales : Approx. 10 Billion JPY (Step1) Approx. 20 Billion J
Slide 20: Module/Package Substrate Business Expansion
Module/Package Substrate Business Expansion Vietnam #3 Factory Sales Plan for Substrate Business #3 （Billion JPY） #1 30 #2 20 １）Concept : Overseas Substrate Dedicated Factory ２）Floor Area : Approx. 20,000㎡ Memory/Sensor ３）Investment : Approx. 16 Billion JPY 10 Vietnam Ishinomaki #2 Factory Ishinomak
Slide 21: Appendix
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Slide 22: Net Sales by Product Application
Net Sales by Product Application （100 million yen ） Automotive Smartphones/Tablets AI appliances/IoT Amusement Storage Office equipment Digital home appliances Other substrates EMS (1.3%) (0.8%) 10 6 FY2021 2nd half forecast (48.1%) 363 (21.7%) 164 (6.1%) 46 (1.9%) 14 (10.3%) 78 755 (3.4%) (6.4%) +1