Quarterly Consolidated Financial Statements
Included in the Quarterly Report

Meiko Electronics Co., Ltd.
and its consolidated subsidiaries
For the first quarter and three months ended June 30, 2012
(ENGLISH TRANSLATION)NOTE:This document is an excerpt translation of the Quarterly Report (“Shihanki Houkokusho”) of MeikoElectronics Co., Ltd. (the “Company”), for the first quarter and three months ended June 30, 2012,
filed with the Director of the Kanto Local Finance Bureau of the Ministry of Finance of Japanpursuant to the Financial Instruments and Exchange Law of Japan on August 10, 2012.
Please note that the quarterly consolidated financial statements in this document are a translation of
the reviewed quarterly consolidated financial statements presented in Japanese. The translation of thequarterly consolidated financial statements and notes has NOT been audited by KPMG AZSA LLC,
who reviewed the original Japanese figures.
The Company provides this translation for your reference and convenience only without any
warranty as to its accuracy. In case of any discrepancy between the translation and the Japaneseoriginal, the latter shall prevail. The final decision and responsibility for investments rests solely withthe reader of this document.

Financial Information
1 Basis of preparation of the quarterly consolidated financial statements
The quarterly consolidated financial statements of the Company are prepared in accordance with the“Regulation for Terminology, Forms and Preparation of Quarterly Consolidated Financial Statements”(Cabinet Office Ordinance No. 64 of 2007) (the “Regulation for Quarterly Consolidated FinancialStatements”).
2 Review reports
The quarterly consolidated financial statements of the Company for the first quarter (April 1, 2012 June 30, 2012), and those for the first quarter and three months ended June 30, 2012, were reviewed
by KPMG AZSA LLC, pursuant to Article 193-2, Paragraph 1 of the Financial Instruments andExchange Law of Japan.

―1―1 Consolidated Financial Statements(1) Consolidated Balance Sheets
Meiko Electronics Co., Ltd. and its consolidated subsidiaries

Thousands ofU.S. dollars

Millions of yen
March 31, 2012

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Merchandise and finished goods
Work in process
Raw materials and supplies
OtherAllowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Total noncurrent assets
Total assets

¥
*2

*1

¥

―2―

3,971
12,635
2,954
2,774
3,343
2,784
(17)
28,44420,964
27,581
1,944
5,263
675
56,427590
5,644
62,661
91,105June 30, 2012

¥
*2

*1

¥

7,959
12,426
4,057
2,629
3,190
2,780
(16)
33,02520,781
26,195
1,944
4,549
655
54,124566
5,305
59,99593,020June 30, 2012

$
*2

*1$

100,390
156,739
51,16733,15840,23535,078(202)
416,565

262,121330,417
24,52557,375
8,257
682,695
7,136
66,916
756,747
1,173,312

Thousands ofU.S. dollars

Millions of yen
March 31, 2012

Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Income taxes payable
Provision for bonuses
Provision for loss on disaster
Other
Total current liabilitiesNoncurrent liabilities
Long-term loans payable
Provision for retirement benefits
Provision for directors’ retirement benefits
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets*2¥*2¥―3―

6,297
3,098
10,368
510
460
528
5,355
26,616

June 30, 2012*2

¥6,851
6,725
10,573
106
268
523
5,043
30,089June 30, 2012*2$

86,41884,832
133,357
1,337
3,384
6,591
63,610379,529

26,749
1,324
261
1,127
29,461
56,07727,226
1,365
261
1,032
29,884
59,973

343,414
17,212
3,293
13,024
376,943756,472

10,546
12,467
15,518(396)
38,135

10,546
12,467
14,499(396)
37,116

133,018
157,254
182,893(5,000)468,165(178)(90)(2,839)(3,107)35,028
91,1050(171)(3,898)(4,069)33,04793,0201(2,158)(49,168)(51,325)
416,840
1,173,312¥$

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
For the Three Months Ended June 30, 2012
Meiko Electronics Co., Ltd. and its consolidated subsidiaries
Thousands ofU.S. dollars

Millions of yen
Three months ended
June 30, 2011

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Dividends income
Subsidy incomeInsurance income
Damage compensation income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary loss
Extraordinary income
Gain on sales of noncurrent assets
Total extraordinary income
Extraordinary loss
Loss on sales and retirement of noncurrent assets
Loss on valuation of investment securities
Loss on disaster
Loss on abandonment of inventories
Total extraordinary losses
Loss before income taxes
Income taxes
Refund of income taxes
Loss before minority interests
Net loss¥¥―4―15,114
13,482
1,632
1,784
(152)

Three months ended
June 30, 2012

¥14,144
11,921
2,223
1,897
326

Three months ended
June 30, 2012$

178,411150,374
28,03723,930
4,107

4
2
25
50－
29
110

4
20－
16
21
43

44
31
6－
199
265
545

185
260
139
584
(626)

217
626
237
1,080
(711)

2,740
7,894
2,986
13,620(8,968)

－
－

4
4

49
49

1－
115－
116
(742)
4(410)
(336)
(336)

16
336
－
24
376
(1,083)
(159)
－
(924)
(924)

197
4,244－
302
4,743(13,662)(2,005)－(11,657)(11,657)¥$

Consolidated Statements of Comprehensive Income
For the Three Months Ended June 30, 2012
Meiko Electronics Co., Ltd. and its consolidated subsidiaries
Thousands ofU.S. dollars

Millions of yen
Three months ended
June 30, 2011

Loss before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income¥(336)

Three months ended
June 30, 2012

¥5(99)
(447)
(541)
(877)

Comprehensive income attributable toComprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests¥―5―(877)－(924)

Three months ended
June 30, 2012

$178
(81)
(1,059)(962)(1,886)¥(1,886)－(11,657)
2,250(1,026)(13,357)(12,133)(23,790)$(23,790)－

Matters concerning Going Concern Assumption
Not applicable
Change in Scope of Consolidation and Application of the Equity Method
Not applicable
Basis of Presenting Consolidated Financial Statements
The accompanying consolidated financial statements of Meiko Electronics Co., Ltd. (the "Company") havebeen prepared in accordance with the provisions set forth in the Financial Instruments and Exchange Law ofJapan and its related accounting regulations, and in conformity with accounting principles generally acceptedin Japan ("Japanese GAAP"), which are different in certain respects as to application and disclosure
requirements of International Financial Reporting Standards.
The consolidated financial statements are stated in Japanese yen, the currency of the country in which theCompany is incorporated and operates. The translation of Japanese yen amounts into U.S. dollar amounts isincluded solely for the convenience of readers outside Japan and have been made at the rate of ￥79.28 to $1,
the approximate rate of exchange at June 30, 2012. Such translation should not be construed as representationthat the Japanese yen amounts could be converted into U.S. dollars at that or any other rate.
Change in Accounting Policies
Three months ended June 30, 2012
(Changes in accounting policies that are difficult to distinguish from changes in accounting estimates)
In accordance with revisions to the Corporation Tax Act, from the first quarter of the fiscal year ending
March 31, 2013, the Company and its domestic consolidated subsidiaries have changed the depreciation
method, based on the revised Corporation Tax Act, for property, plant and equipment acquired on or after
April 1, 2012.
The effect of this change on profit and loss is negligible.
Specific Accounting Treatments Adopted in Preparing the Quarterly Consolidated Financial Statements
Three months ended June 30, 2012
Computation of Tax Expense
Tax expenses are calculated by reasonably estimating the effective tax rate after the adoption of tax-effectaccounting that is applicable to income before income taxes for the fiscal year ending March 31, 2013, andmultiplied by this estimated effective tax rate.

―6―Notes to the Consolidated Financial Statements
Consolidated Balance Sheets*1 Amount of allowance directly deducted from theamount of investments and other assets
Allowance for doubtful accounts･･･････････････
Allowance for investment loss･････････････････

Thousands ofU.S. dollars

Millions of yen
March 31, 2012

June 30, 2012

June 30, 2012

¥¥

$4669

4669584870*2 Accounting treatment for notes maturing on June 30, 2012
Notes maturing on the final day of a quarterly reporting period are accounted for as if they had been settled on
the final day of the period.
Because the final day of the first quarter (June 30, 2012) was a bank holiday, the following notes maturing on
the final day of the quarter were accounted for as if they had been settled on the maturity date.
Thousands ofU.S. dollars

Millions of yen
March 31, 2012

Notes receivable–trade･･･････････････････････
Notes payable–trade･････････････････････････
Notes payable–facilities･･････････････････････

¥7344
1

June 30, 2012

¥4953－

June 30, 2012

$622674－

Consolidated Statements of Cash Flows
No consolidated statements of cash flow were prepared for the three months ended June 30, 2012. Depreciation
and amortization (including amortization related to intangible assets, except for goodwill) for the three months
ended June 30, 2012 and the amortization of goodwill are shown below:
Thousands ofU.S. dollars

Millions of yen
Three months ended
June 30, 2011

Depreciation and amortization････････････････
Amortization of goodwill････････････････････¥―7―1,497
16

Three months ended
June 30, 2012

¥1,666
16

Three months ended
June 30, 2012

$21,011201

Total Shareholders’ Equity
Three months ended June 30, 2011
1 Cash dividends paid
Not applicable
2 Of the dividends whose record date falls during the three months ended June 30, 2011, those dividends whose
effective date fell after the last day of the first quarter
Not applicableThree months ended June 30, 2012
1 Cash dividends paid
Resolution
June 27, 2012 Shareholders’ meeting
Type of shares ･････････････････････････・・・ Common stock
Total dividends (Millions of yen) ･･･････････ 94
Dividend per share (Yen)･･･････････････････ 5.00
Record date･･･････････････････････････････ March 31, 2012
Effective date･･････････････････････････････ June 28, 2012
Dividend resource･･････････････････････・・･ Retained earnings
2 Of the dividends whose record date falls during the three months ended June 30, 2012, those dividends whose
effective date will fall after the last day of the first quarter
Not applicable―8―Segment Information
I Three months ended June 30, 2011
As the Group’s businesses are all in the single segment of PWB design, manufacturing, sales, and ancillary
operations, this section is omitted.
IIThree months ended June 30, 2012
As the Group’s businesses are all in the single segment of PWB design, manufacturing, sales, and ancillary
operations, this section is omitted.

Financial Instruments
Pursuant to the provisions of Article 17-2 of the Regulation for Quarterly Consolidated Financial Statements, thissection is omitted.
Securities
Pursuant to the provisions of Article 17-2 of the Regulation for Quarterly Consolidated Financial Statements, thissection is omitted.
Derivative Transactions
Pursuant to the provisions of Article 17-2 of the Regulation for Quarterly Consolidated Financial Statements, thissection is omitted.
Business Combinations, etc.
Not applicable
Per Share Information
The basis for calculating net loss per share is shown below:
Three months ended
June 30, 2011

Three months ended
June 30, 2012

Net loss per share (Yen)(17.87)
Basis for calculation
Net loss (Millions of yen)
(336)
Amounts not attributable to common shareholders(Millions of yen)
Net loss attributable to common shareholders(336)(Millions of yen)
Average number of common shares outstanding for the period
18,774,150(Shares)
Note: Diluted net income per share is not disclosed as there were no diluted shares.

(49.23)Item

Significant Subsequent Events
Not applicable

2

Other
Not applicable

―9―

(924)
(924)
18,774,076