Slide 1: FY2023 Financial Results Briefing
FY2023 Financial Results Briefing May 16, 2024 （Securities Identification Code: 6787）
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
１ FY2023 (result) ２ FY2024 (forecast) Financial Strategy and 3 Shareholder Returns 4 Future Policies
Slide 4: FY2023 results
FY2023 results （ 100 million yen ） FY2022 FY2023 Year-on-year result result Diff. % Net sales 1,673 1,795 122 7.3% Operating 96 117 21 21.8% income 5.7% 6.5% Ordinary 112 143 31 27.2% income 6.7% 8.0% Net 88 113 25 27.8% income 5.3% 6.3% Average FX rate (JPY/USD) 136.0 145.3 4/5 Meiko Electronics Co
Slide 5: FY2023 result by Product Application
FY2023 result by Product Application （ 100 million yen ） FY2022 results FY2023 results Operating Operating Net Sales Income Net Sales Income % % Automotive 845 60 947 81 7.1% 8.6% Smartphone/ 11 21 Tablet 271 266 4.1% 7.9% Semiconductor 0 -15 Package 5 7 0.0% -214.3% SSD/ 10 10 IoT Module 100 85 10.
Slide 6: FY2024 (forecast)
１ FY2023 (result) ２ FY2024 (forecast) Financial Strategy and 3 Shareholder Returns 4 Future Policies
Slide 7: FY2023 results and FY2024 forecasts
FY2023 results and FY2024 forecasts （ 100 million yen ） FY2022 FY2023 Year-on-year FY2024 Year-on-year results results % forecasts % Net sales 1,673 1,795 7.3% 1,950 8.7% Operating 96 117 21.8% 160 37.2% income 5.7% 6.5% 8.2% Ordinary 112 143 27.2% 150 5.1% income 6.7% 8.0% 7.7% Net 88 113 27.8% 125
Slide 8: FY2024 forecasts by Product Application
FY2024 forecasts by Product Application （ 100 million yen ） FY2023 results FY2024 forecasts Operating Operating Net Sales Income Net Sales Income % % Automotive 947 81 969 95 8.6% 9.8% Smartphone/ 21 30 Tablet 266 238 7.9% 12.6% Semiconductor -15 -17 Package 7 10 -214.3% -170.0% SSD/ 10 12 IoT Modul
Slide 9: Net Sales by Product Specification
Net Sales by Product Specification （100 million yen ） MLB HDI PCB Flexible PCB High Dissipation PCB Package Other Substrates EMS/ODM 9(0.5%) Total 43(2.2%) 10(0.5%) FY2024 810 722 336 forecasts 1,950 (41.5%) (37.0%) (17.3%) 20(1.0%) 9(0.5%) ↑11(1.4%) ↑100(16.1%) 41(2.3%) 7(0.4%) FY2023 799 622 303 r
Slide 10: Financial Strategy and Shareholder Returns
１ FY2023 (result) ２ FY2024 (forecast) Financial Strategy and 3 Shareholder Returns 4 Future Policies
Slide 11: Financial Strategy and Shareholder Returns
Financial Strategy and Shareholder Returns（unit：100 million 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
Slide 12: Management that is Conscious of the Cost of Capital and the Stock Price
Management that is Conscious of the Cost of Capital and the Stock Price Current Situation Policies Initiatives ROE FY22 10.5% Expansion of Accomplish Mid- Sales and Profit →FY23 10.7% term business plan Manufacturing PBR FY22 x 0.97 → FY23 x 1.32 Improvement Yield Financial Targets impro
Slide 13: Future Policies
１ FY2023 (result) ２ FY2024 (forecast) Financial Strategy and 3 Shareholder Returns 4 Future Policies
Slide 14: Outlook of Medium-term Business Plan
Outlook of Medium-term Business Plan Net Sales Operating (100 million yen) Income (100 million yen) 3,000 600 Net Sales (M-term Biz Plan Net Sales 2,700 Operating Income Operating Income (M-term Biz Plan) OP Margin 2,300 OP Margin (M-term Biz Plan) 2,000 1,900 400 11.1% 1,950 1,650 1,795 300 1,673 8
Slide 15: New Business (PKG Substrates)
New Business（PKG Substrates） Ishinomaki Factory Product: FC-BGA Substrate No.2 (100 million yen) Net Sales FC-BGA Substrate 100 Previous forecast 50 Revised forecast Mass production ramp-up plan delayed due to market conditions. Development prototype projects 0 remain steady. 2024年3月期 FY2023 202
Slide 16: Vietnam Plant No.4
Vietnam Plant No.4 A surge in customers expecting supply chains to ASEAN. The Vietnam Plant No.2 will reach full capacity in the current fiscal year, so a new factory is being built to provide space for future expansion. Overview of Vietnam Plant No.4 Location Thach That- Quoc Oai Industrial Zon
Slide 17: Hoa Binh Plant
Hoa Binh Plant A surge in customers expecting supply chains to ASEAN. Will launch its business in Hoa Binh for further business expansion to utilize the superiority of electric power. Overview of Hoa Binh Plant Noi Bai Airport Location Bo Trai Song Da Industrial Zone, Quang Minh Plant Hoa Binh C
Slide 18: Sustainability Initiatives
Sustainability Initiatives Environmental Initiatives Global Warming Implementation of response measures based on TCFD Countermeasures ・Reduce domestic CO2 emissions per unit of production by 50% in FY2030. (Comparison to FY2021） ・Carbon neutral in FY2050 ・Promoting energy conservation（per unit of pr