Slide 1: FY2025 Financial Results Briefing
FY2025 Financial Results Briefing May 21, 2026 （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: FY2025 result/FY2026 forecast; Medium-term Business Plan; New factory status
１ FY2025 result/FY2026 forecast Medium-term Business Plan ２ FY2026~FY2028 3 New factory status 3
Slide 4: FY2025 (result) & FY2026 (forecast)
FY2025 (result) & FY2026 (forecast) （ billion yen） FY2024 FY2025 FY2026 result % result % forecast % PCB 170.6 198.0 254.0 Net sales EMS 36.2 42.6 66.0 206.8 240.6 320.0 PCB 17.2 10.1% 21.2 10.7% 33.4 13.1% Operating income EMS 1.9 5.2% 3.4 8.0% 4.6 7.0% 19.1 9.2% 24.6 10.2% 38.0 11.9% Ordinary inco
Slide 5: FY2024~FY2026 Net Sales by Product Application
FY2024~FY2026 Net Sales by Product Application （ billion yen） circuit board electronic equipment 100 97.5 90.4 55.0 37.0 29.4 31.0 28.2 29.0 25.5 17.0 25.0 23.8 24.4 22.9 7.3 18.5 19.7 17.7 16.5 4.2 9.2 9.2 13.0 2.0 3.0 10.0 1.0 Composition 52.9% 39.3% 9.7% 21.7% 3.7% 5.4% 5.1% 1.0% 14.0% 11.4% 46.2
Slide 6: FY2024~FY2026 Net Sales by Product Specification
FY2024~FY2026 Net Sales by Product Specification （ billion yen） circuit board electronic equipment 87.0 61.5 60.0 50.9 48.3 45.5 45.0 42.3 40.0 36.5 37.8 33.3 31.0 25.0 22.9 18.5 19.7 17.7 2.0 3.0 9.0 1.0 10.0 10.0 5.3 4.2 Composition 24.8% 17.8% 18.4% 29.8% 34.3% 24.4% 3.5% 1.0% 3.1% 3.9% 46.2% 48.
Slide 7: Medium-term Business Plan FY2026~FY2028
１ FY2025 result/FY2026 forecast Medium-term Business Plan ２ FY2026~FY2028 3 New factory status 7
Slide 8: Review of the Medium-term Business Plan formulated 2022
Review of the Medium-term Business Plan formulated 2022 （ billion yen） Sales: Result vs. Forecast Operating Income: Actual vs. Forecast 38 320 250 27.5 241 225 24.6 205 207 23.6 185 180 20.5 170 167 19.1 17.5 15.5 11.7 9.6 FY2022 FY2023 FY2024 FY2025 FY2026 FY2022 FY2023 FY2024 FY2025 FY2026 Mid-Ter
Slide 9: Mid-Term Plan Overview
Mid-Term Plan Overview （ billion yen） Sales Operating income OP Margin 14.0% 13.0% 12.0% 10.2% 460 390 320 241 65.0 38.0 51.0 24.6 FY2025 FY2026 FY2028 FY2028 Investment 49.7 70 70 70 9/5 Meiko Electronics Co., Ltd. 9
Slide 10: FY2026~FY2028 Net Sales by Product Application
FY2026~FY2028 Net Sales by Product Application （ billion yen） circuit board electronic equipment 104 100 101 94 79 60 54 55 44 42 37 38 37 30 31 29 28 29 27 25 18 15 17 16 14 13 10 12 3 8 Composition 39.3% 27.9% 14.0% 21.7% 25.1% 12.1% 5.1% 4.8% 2.5% 11.4% 7.8% 35.5% 47.0% 48.8% 15.8% ratio 32.2% 14
Slide 11: FY2026~FY2028 Net Sales by Product Specification
FY2026~FY2028 Net Sales by Product Specification （ billion yen） circuit board electronic equipment 104 100 100 87 78 60 51 45 47 44 43 42 42 40 37 31 30 31 25 27 14 9 15 11 10 12 14 3 8 10 Composition 17.8% 11.6% 13.4% 34.3% 27.8% 24.8% 3.5% 13.6% 2.5% 3.9% 3.7% 35.5% 47.0% 48.8% 15.8% ratio 14.1% 1
Slide 12: Financial Strategy and Shareholder Returns
Financial Strategy and Shareholder Returns （ billion yen） FY2025 FY2026 FY2027 FY2028 CAGR 2025-2028 Net Sales 240.6 320.0 390.0 460.0 24.1% Operating Income 24.6 38.0 51.0 65.0 38.2% OP Margin(%) 10.2 12.0 13.0 14.0 Net Income 19.8 27.0 36.5 47.0 33.4% Investment 49.7 70.0 70.0 70.0 R&D 6.0 8.0 10.
Slide 13: New factory status
１ FY2025 result/FY2026 forecast Medium-term Business Plan ２ FY2026~FY2028 3 New factory status 13
Slide 14: Market Forecast for PCBs and Our Mid-Term Business Plan
Market Forecast for PCBs and Our Mid-Term Business Plan 【Global PCB Market 】 【 Our Mid-Term Business Plan 】 Specification 仕様別 CAGR Application 商品別 CAGR 18 8.8% 18 24.1% （trillion yen） （billion yen） 460.0 15.6 PKG PKG Electronic 6.6％ Equipment 390.0 26.4% PKG 95.7% FPC FPC FPC 39.7% 320.0 Others 9.9％
Slide 15: Production Strategy for Various Substrates for AI Servers
Production Strategy for Various Substrates for AI Servers 【Overview of Server Substrates】 Ishinomaki Factory Wuhan Plant PKG Switch Board Ultra High-Layer PCB Optical Modules PKG Substrate for Logic Devices High-Frequency HDI Network Board/ GPU Modules PKG Accelerator Board (OAM) Memory Module GPU H
Slide 16: Vietnam PCB Business
Vietnam PCB Business AI Automotive PKG EMS New Plant #3 Plant #1 FPC Quang Minh Plant Thin PKG #4 FPC＆EMS Thin AnyLayer for Any #3 #1 Smartphones HDI #2 MLB Plant #4 Plant #2 HDI High-layer HDI for Automotive & AI servers Consumer Vietnam Plant Thang Long Plant HDI for Smartphones HDI ☆Hanoi New Yen
Slide 17: Status of Vietnam Plant #4
Status of Vietnam Plant #4 Vietnam Plant No. 4 began operations in July 2025 to supplement the production capacity of Plant No. 2. We are currently expanding our production lines. Mass production of PCBs for satellites and AI applications has commenced. Overview of Vietnam Plant #4 （billion yen） 【Sa
Slide 18: Status of Hoa Binh Plant
Status of 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 （billion yen） 【Sales plan】 Location Vietnam, Phu Tho Province (form
Slide 19: Status of Joint Venture with ACCL
Status of Joint Venture with ACCL Anticipating increased demand for AI servers in Southeast Asia, we are entering a High-Layer MLB business through a partnership with ACCL. Overview of the J/V with ACCL 【J/V Sales Plan】 Name Allied Circuit Meiko Vietnam Co.,Ltd. Shareholder ACCL70％、Meiko30％ Location
Slide 20: Overview of Quang Minh Plant #3
Overview of Quang Minh Plant #3 Expanding capacity to meet growing demand in the Vietnam PCB business and preparing for future high-end slim smartphones. Overview of Quang Minh Plant #3 （ billion yen ） 【Sales plan】 Location Quang Minh Industrial Park, Hanoi, Vietnam 50 Site Area Approx. 63,000㎡ Tota
Slide 21: Overview of Yen Quang Plant
Overview of Yen Quang Plant A satellite facility for our Vietnam PCB business, this is a highly automated factory specializing in high-productivity, medium-to-high-layer HDI, primarily for satellite projects. Overview of Yen Quang Plant （ billion yen ） 【 Sales plan 】 Location Amber Yen Quan Industri
Slide 22: M&A in the Electronic Device Business
M&A in the Electronic Device Business Objective of the M&A: FCL COMPONENTS LIMITED Items for Transfer Strengthening the Contract Design and Development Business BUSINESS Relays Diversified Business １．Strengthening development capabilities by hiring approximately 150 skilled engineers HEAD OFFICE Shi