Slide 1: FY2020 Second Quarter Financial Results Briefing
FY2020 Second Quarter Financial Results Briefing November 12, 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: FY2020 Key Financials, Strategic Goals, Technology Roadmap
１ FY2020 Key Financials ２ Strategic Goals 3 Technology Roadmap 3
Slide 4: 1st Half Results and Full-Year Outlook FY2020 - Consolidated
1st Half Results and Full-Year Outlook FY2020- Consolidated (100 million yen) Year-on-year FY19 1st half FY20 1st half FY20 2 nd half FY20 full-year results results Diff. % forecast forecast Net sales 591 532 -59 -10.0% 628 1,160 Operating income 34 18 -16 -46.8% 35 53 5.8％ 3.4% 5.6% 4.6% Ordinary i
Slide 5: Half-Yearly Net Sales and Operating Income
Half-Yearly Net Sales and Operating Income (100 million yen) Net Sales Operating Income 700 40 628 35 591 34 600 564 35 532 106 83 30 2 500 35 124 96 32 20 14 3 32 32 25 28 29 400 12 19 28 31 14 147 170 20 18 18 102 14 300 127 1 15 1 3 200 8 10 280 270 268 15 100 230 12 12 5 8 0 0 FY2019 2019年度 FY20
Slide 6: Quarterly Net Sales and Operating Income
Quarterly Net Sales and Operating Income (100 million yen) Operating Operating Net Sales Operating Net sales Margin income income (Total) 40 300 315 303 307 298 299 292 289 277 280 274 32 273 30 255 257 243 25 26 200 24 20 8.5% 19 10.1% 17 15 8.7% 17 17 8.2% 16 100 6.2% 13 6.8% 10 5.9% 5.9% 5.7% 5.1
Slide 7: Analysis of Operating Income Change FY2019 1st half to FY2020 1st half
Analysis of Operating Income Change FY2019 1 half → FY2020 1 half st st (100 million yen) Decrease in Sales Decrease Impact of in selling FX rates expenses Decrease in fixed cost Decrease in variable cost Operating Income Operating Income FY2019 1st half results FY2020 1st half results FX rate 108.6
Slide 8: 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 FY2020 11 (1.8%) 2H 23 (3.7%) 115 (18.3%) 116 (18.5%) 270 (42.9%) (1.3%) 8 69 (11.0%) 628 forecast 16 (2.5%) +18 +16 +61 +14 +96 (+18.6%)
Slide 9: FY2020 Key Financials, Strategic Goals, Technology Roadmap
１ FY2020 Key Financials ２ Strategic Goals 3 Technology Roadmap 9
Slide 10: Global Market Forecast
Global Market Forecast Light Vehicle Sales Smartphone（100 million units） IoT Device （billion USD） （million units) 3G/4G 5G 96.0 16.0 15.0 120.0 95.2 110.6 13.7 14.0 94.0 12.4 100.0 12.0 92.2 92.0 2.5 80.0 77.3 10.0 71.6 10.5 90.0 8.0 60.0 88.7 13.7 6.0 88.0 40.0 9.9 4.0 86.0 20.0 2.0 4.5 84.0 0.0 0.
Slide 11: Strategic Goals
Strategic Goals Revenue Growth Operating Margin Increase • Increase sales portion of • Advanced automotive field advanced fields • Advanced smartphone field • Productivity improvement • 5G・Module field • Fixed cost and SG&A cost • EMS business reduction • Profitability improvement of Japan business
Slide 12: CAPEX Highlights
CAPEX Highlights (100 million yen) Strategic investment area: Cutting-edge products for Automotive 300 CAPEX Net Sales and Smartphone, and 5G・Module products Net Sales CAPEX 1,200 1,189 1,160 1,155 1,000 1,085 200 959 800 150 120 600 100 96 100 400 200 31 0 0 FY2016 FY2017 FY2018 FY2019 FY2020 Forec
Slide 13: SALES/CAPEX Highlights by Country
SALES/CAPEX Highlights by Country (100 million yen) Japan China Vietnam （including intercompany sales） 700 695 642 675 615 600 503 500 500 425 428 401 369 382 400 366 359 289 300 192 200 95 79 66 100 47 59 13 24 13 18 24 17 21 5 8 8 0 FY2016 FY2017 FY2018 FY2019 FY2020 FY2016 FY2017 FY2018 FY2019 FY
Slide 14: ESG Initiatives
ESG Initiatives Key items Carbon dioxide emission E Reuse of water Solar power plant in Fukushima, Japan Copper recycling plant using electrochemical process Resource recycling Social contribution S Women empowerment On-site childcare facility Surgical mask donation & Diversity Enhancement of G Corp
Slide 15: FY2020 Key Financials, Strategic Goals, Technology Roadmap
１ FY2020 Key Financials ２ Strategic Goals 3 Technology Roadmap 15
Slide 16: Mid-term Market Trend
Mid-term Market Trend Global pandemic has accelerated social and economic change to cloud connected devices. 5G adoption drives digital transformation across many market sectors. 5G Smartphone Storage Device Electric Vehicle(EV) Connected Car （B Units） （M Units） HDD SSD （M Cars） （M Cars) 74 1.05 7.8
Slide 17: 5G Application
５G Application Industry Product Application Factory Status Features PCB Stackup High Speed Wuhan 10L AnyLayer Main Board Volume Fine Line Width Vietnam 12L AnyLayer Smart- & Spacing phone Thin Dielectrics RF Module Vietnam Volume 8L AnyLayer Smaller Microvia IoT Communication High Speed Wuhan Volume
Slide 18: PCB Technology Roadmap
PCB Technology Roadmap Ethernet Speed 400Gbit/s 800Gbit/s Bit Rate 8Gbps (Gen3) 16Gbps (Gen4) 32Gbps (Gen5) Package Flash Memory / RF Module Flash Memory Module (MSAP L/S=25/25um) (L/S=20/20um) Data Center Server SSD Ultra Low-Loss Base Station Transmission Server (16Layer Low-Loss Transmission Line
Slide 19: Design Proposal for Automotive ECU Integration
Design Proposal for Automotive ECU Integration 19