Slide 1: FY2016 Financial Results Briefing
FY2016 Financial Results Briefing May 19, 2017 （Securities Identification Code: 6787）
Slide 2: FY2016 Results / FY2017 Plan / Industry trends / Technology roadmap
１ FY2016 Results ２ FY2017 Plan 3 Industry trends 4 Technology roadmap 1
Slide 3: FY2016 Consolidated Business Performance
FY2016 Consolidated Business Performance （100 million yen） Year-on-year FY2015 FY2016 performance performance Increase % Net sales 952.9 959.1 +6.2 0.7% Operating income 33.3 57.9 +24.6 73.9% 3.5% 6.0% Ordinary income ▲4.9 29.8 +34.7 - ▲0.5% 3.1% Net income ▲112.5 17.7 +130.2 - ▲11.8% 1.8％ Average E
Slide 4: Analysis of operating profit change FY2015→FY2016
Analysis of operating profit change FY2015→FY2016 80 (100 million yen) Variable cost improvement Fixed cost ▲3.3 24.6 SG&A Yield improvement 4.5 ▲9.2 9.9 Exchange Rate Growth 60 Increase in sales ▲3.5 26.1 40 57.9 20 33.3 0 FY2015 performance FY2016 performance (Exchange rate 120.12yen/us$) (Exchang
Slide 5: Net sales, Operating income
Net sales , Operating income （100 million yen） Net sales Net sales Operating Operating income income 300 30 249 245 252 250 225 234 234 223 200 20 17.3 15.3 16.3 15.0 12.2 12.1 100 9.3 10 0 0 ▲6.5 (100) ▲10 15Ｑ１ 15Ｑ２ 15Ｑ３ 15Ｑ4 16Ｑ１ 16Ｑ2 16Ｑ3 16Q4 4
Slide 6: Overseas plants-Financial results FY2016
Overseas plants-Financial results FY2016 (100 million yen) FY2015 FY2016 Year-on-year performance performance Increase % Net sales 319 284 -35 -11.0% Guangzhou Operating 17 17 0 0.0％ income 5.3% 6.0％ Net sales 320 358 +38 11.9% Wuhan Operating 5 21 +16 320.0% income 1.6% 5.9％ Net sales 166 192 +26 1
Slide 7: By product Application
By product Application Automotive Smartphones Storage Office equipment Digital home appliances other PWBs non-PWB (100 million yen) 69 (7.2%) 23 FY2016 437 253 (2.4%) 76 959 53 (5.5%) (26.4%) (7.9%) (45.6%) 48 (5.0%) -18 ＋17 ＋7 66 (6.9%) 29 FY2015 455 236 64 953 (3.0%) 51 (47.7%) (24.8%) (5.4%) (6.7
Slide 8: By product specification
By product specification (100 million yen) Double-sided PWB Four-layerPWB Six layers or more HDI PWB otherPWBs Non-PWB 10 (1.0%) FY2016 78 287 158 350 76 959 (8.1%) (29.9%) (16.5%) (36.5%) (7.9%) -30 +6 +26 15 (1.6%) FY2015 81 317 152 324 64 953 (8.5%) (33.3%) (15.9%) (34.0%) (6.7%) 0 200 400 600 80
Slide 9: FY2016 Results / FY2017 Plan / Industry trends
１ FY2016 Results ２ FY2017 Plan 3 Industry trends 4 Technology roadmap 8
Slide 10: Consolidated financial prospect for FY2017
Consolidated financial prospect for FY2017 (100 million yen) Year-on-year FY2016 FY2017 Increase % Net sales 959.1 1,030.0 +70.9 7.4% Operating income 57.9 62.0 +4.1 7.1% 6.0% 6.0% Ordinary income 29.8 46.0 +16.2 54.4% 3.1% 4.5% Net Income 17.7 36.0 +18.3 103.4% 1.8％ 3.5％ Average Exchange rate（Yen/U
Slide 11: FY2017 Sales plan for Overseas plants
FY2017 Sales plan for Overseas plants (100 million yen) Year-on-year FY2016 FY2017 Increase % Net sales 284 250 -34 -12.0% Guangzhou Operating 17 15 -2 -11.8% income 6.0％ 6.0％ Net sales 358 373 15 4.2% Wuhan Operating 21 22 1 4.8% income 5.9％ 5.9％ Net sales 192 238 46 24.0% Vietnam Operating 20 25 5
Slide 12: FY2017 Investments
FY2017 Investments Domestic overseas (100 million yen) 100 69 55 50 43 59 31 31 51 35 28 27 8 3 10 4 0 4 FY2014 FY2015 FY2016 FY2017 FY2018 Depreciation 71 64 55 58 11
Slide 13: FY2016 Results / FY2017 Plan / Industry trends
１ FY2016 Results ２ FY2017 Plan 3 Industry trends 4 Technology roadmap 12
Slide 14: Industry trends –summary-
Industry trends –summary- Expansion trend continues mainly in smartphones and automotive markets （100 ｍillion yen） 68,914 66,787 Aviation / 64,858 952 931 5,435 Munitions 58,500 60,920 915 5,325 56,895 56,660 1,020 5,197 Machinery 6,107 1,020 4,725 6,005 1,010 970 4,650 5,893 4,750 4,500 6,010 7,570
Slide 15: Industry trends –smartphone-
Industry trends –smartphone- In the global market, in addition to the global 2 big companies, the shares of Chinese companies keep rising （ 1 million units ） 1,567 1,480 1,420 Others 615 Xiaomi 595 605 Huawei 50 50 152 70 Vivo 140 105 75 92 45 40 100 116 Oppo 325 310 323 Samsung Apple 230 210 219 20
Slide 16: Industry trends –Automobile-
Industry trends –Automobile- Usage of PWBs in cars is growing faster than the car sales growing rate. Automotive sales volume Share in 2016 (10k units) 9,633 Chin Poon 9,109 9,347 8,715 8,787 8,928 17% （MUSD） 7,570 7,923 TTM 6,918 7,211 700 8% 6,390 6,675 660 580 620 430 550 410 510 350 380 Others 3
Slide 17: FY2016 Results / FY2017 Plan / Industry trends
１ FY2016 Results ２ FY2017 Plan 3 Industry trends 4 Technology roadmap 16
Slide 18: Automotive Technology Trend
Automotive Technology Trend Emission Regulation 130 (g/km) 95 (g/km) Power train Electrification Hybrid, Plug-in Hybrid Electric, Fuel Cell Body advanced driver assistance system Level 2 Level 3 Driving safety Connected car System Integration 5G Communication Electrical installed >50% Information 20
Slide 19: In-vehicle PWB technology roadmap
In-vehicle PWB technology roadmap Communication Communication High density module substrate Evaluation module Information 0.4 / 0.5 pitch CSP Multi-Layer HDI Evaluation LED lighting Metal base heat dissipation board Trial Body Miniaturization Copper inlay heat dissipation board Trial and lightweight
Slide 20: Smartphone PWB technology roadmap
Smartphone PWB technology roadmap Mobile communication 4G 5G Electronic parts High speed Data transmission speed 100M-1Gbps 10Gbps, USB3.1 transmission Application processor Flip-Chip CSP FOWLP Low profile Display panel liquid crystal AMOLED COF Battery Large capacity Main board Miniaturization 2017
Slide 21: Smartphone mainboard technology roadmap
Smartphone mainboard technology roadmap Electronic parts Main IC/Sub IC 0.4/0.35mmPitch 0.35/0.3mmPitch Flagship 12Layer(5-2-5) 14Layer(6-2-6) High Layer Ctn Midrange/High end 10Layer(2-6-2/3-4-3) 12Layer(3-6-3/4-4-4) Dielectric constant Material properties Dk3.5/Tg170℃ Dk3.5/Tg190℃ /Heat-resistant
Slide 22: http://www.meiko-elec.com/
http://www.meiko-elec.com/