CSR REPORT 2013

5-14-15 Ogami, Ayase, Kanagawa, Japan 252-1104
Tel: 0467-76-6001
URL: http://www.meiko-elec.com/

MEIKO CSR REPORTM E I K O

C O R P O R A T E

S O C I A L

2013

R E S P O N S I B I L I T Y

Meiko’s ethical business practices are known throughout the world.
INDEX
Editorial policy

03 Message from the President

We published our sixth CSR Report 2013 (Japanese version) in late July. This
report has been organized to be comprised of the Message from the
President, Special Feature, Sociality Report, Environmental Report andManagement Report. We hope that many people will read this report, and willfind in the Report that we are united in a constant commitment to earn yourtrust by acting responsibly as a good corporate citizen.

05 Special Focus
1 The Unflagging Efforts of the Fukushima
Factory, which Resumed Operations
after the Great East Japan Earthquake2	Environmental Assessment ofOverseas Factories●Intended audience

13 Sociality Report

All stakeholders with an interest in Meiko Electronics Co., Ltd.

For Customers
For Business Partners
For Employees
For Shareholders and Investors
For Local Communities●Coverage

Meiko Electronics Co., Ltd. and affiliated companies■ CSR promotion framework
Our CSR promotion framework is made up ofsite-specific committee members representing●Reporting period

Board of Directors

CSR promotion framework

President & CEO

Area-specificcommittee members

CSR Officer

Site-specificcommittee members

individual plants, sales offices and otherNews Reports

Technology and Development Subcommittee

Supply Chain Subcommittee

Corporate Governance Subcommittee

Social Contribution Subcommittee

Human Rights and Safety Management Subcommittee

Risk Management Subcommittee

to input from our stakeholders.

Compliance Subcommittee

our CSR Declaration and respond in good faithInformation Security Subcommittee

all areas of the group’s operations in line with

Quality Assurance Subcommittee

makes it possible to organize activities covering

Environmental Management Subcommittee

members operating on a groupwide basis. This

Secretariat

p re m i s e s a n d a re a - s p e c i f i c c o m m i t te eThis report refers to CSR activities undertaken during Fiscal 2012 (April 1,2012 to March 31, 2013) as a rule. Sections outlining past activities however
may include details relating to before that period. Similarly, in order toprovide the very latest information, this report may also contain details
relating to April 2013 onwards.

23 Environmental Report
Basic Environmental Policy
Environmental Management Promotion Framework
Prevention of Global Warming
Cyclical Use of Resources
Preventing Pollution of the Ecosystem
Management of Chemical
Substances Contained in Products●Reference guidelines“Environmental Reporting Guideline (Fiscal Year 2007 Version)” (Ministry of theEnvironment)“Sustainability Reporting Guidelines 2006”

29 Management Report●Date of publication

Corporate GovernanceInternal Control
Compliance
Information Security
Risk Management

Previous report: July 2012
This report: July 2013
* For the purposes of this report, "Meiko" refers to the Meiko Group as a whole, consistingof Meiko Electronics Co., Ltd. and its affiliated companies.

■ Conducting CSR activities throughout our value chain

Manufacturing and quality assurance
Recycle and reuse

Meiko fulfills its corporate social responsibility in the full range ofits business activities, through materials procurement andEnvironmental Report

Meiko’s Business Principles andactivities align with the global social responsibilities
and in turn support
an environmentally sustainable society.

Sociality Report

01 Meiko’s CSR

In publishing the CSR Report 2013 (English version)

Management Report

Meiko’s CSR Declaration

35 Corporate Profile■ ISO26000 Comparison

Materials procurement●

For Local Communities→P21

manufacturing, as it delivers products to customers, and achieves
further improvements through research and development. By

Community
Involvement andDevelopment

Human
Rights●For Employees→P18

conducting consistent CSR activities throughout our value chain,
Meiko strives to
conduct its businessactivities in a manner●

worthy of the trust of all

For Customers→P15

ConsumerIssuesOrganizational
GovernanceCorporate Governance→P29
Internal Controls→P30●Compliance→P31●Information Security→P33●Risk Management→P34●

For Employees

→P18

●

relevant stakeholders.

●

Research and development●●

For Business Partners●

For Shareholders and Investors→P16
Marketing

Basic Environmental Plan→P23
System for Complying with Environmental Laws and Ordinances→P24●Prevention of Global Warming→P25
The
Environment ●●Cyclical Use of Resources→P26
Prevention of Contaminating the Ecosystem→P27●Management of Chemical Substances Contained in Products→P28
●

Sales

1

Labor
Practices→P20

Fair Operating
Practices

CSR Report2013

2

Message from the President

Meiko will continue
to earn the public’s trustby contributing to
the establishment ofa sustainable society.
President and CEO

Yuichiro Naya

The world’s population now exceeds 7 billion, and is
expected to top 9 billion by the year 2050. In addition
to problems such as food and resource shortages andglobal warming, the world’s attention is increasingly
turning to issues such as human rights and poverty
and, especially since the nuclear power plant disasterof 2011, to safe and reliable renewable energy.
Under such circumstances, here at Meiko, we willcontribute to the establishment of a sustainable
society by responding sincerely to various emerging
issues as we remain aware of our role that we need tofulfill, and strive to grow independently to be acompany worthy of the public’s trust.
In our business activities, we are making efforts to
reduce environmental burdens and risks produced
from our production processes and enhance resource
efficiency in order to reduce the environmental
impact on our society as a whole. For example, lastyear we succeeded at developing new technology
which greatly reduces the amount of copper andenergy needed for the manufacturing of PCBs

(Printed Circuit Boards), and expect to utilize thistechnology in our mass-production work. In our
products, as well, we quickly initiated production ofHigh Electric Current PCBs and Heat Dissipation PCBs,
essential for the products such as photovoltaic power
generation, hybrid cars, electric vehicles, LED lights,
and smart grid society, which will contribute torealization of an environmental society. Our supply
chain approach does not consist merely of “procuring
materials from low cost countries,” but takes into
consideration resource depletion and ecologicaldegradation, as well as recognizes the pressing
human rights issues of conflict minerals from areas
beset by civil wars and ethnic conflicts, which is a
topic of gaining attention in recent years. Our Group
policy is to completely eliminate the procurement ofmaterials which include conflict minerals in order tocontribute to the resolution of these human rights
issues.
In manufacturing, once you start to have issues interms of quality, not only do you lose all of the trust

Meiko Group Business Principles
Provide the best quality and service to customers and contribute to the betterment of society.
Strive to create “the best”.
Elevate our corporate value to improve the well-being of our employees and society.

3that you earned, but you also create problems forcustomers using your products and all of otherstakeholders with an interest in the company. For
Meiko, the quality of our products is one of the key
priorities. As we appreciate just how importantquality is here at Meiko and reflect the awareness in
our Business Principles, we are committed toachieving levels of quality and reliability thatguarantee the highest possible levels of customer

satisfaction.
All of our employees recognize Meiko’s efforts atcreating a sustainable society to be vital to earningt h e t r u s t o f o u r c u s to m e r s, i nve s to r s, l o c a lcommunities, and society itself, and will continue todedicate themselves to implementing our CSR
activities.
I hope we can continue to rely on your support
and cooperation in the future.

■ Stakeholders

Respect for diversity and individual personalities
Workplaces that are safe and rewarding

A company’s business revolves around interaction withthe various stakeholders who have an interest in thecompany. Here at Meiko, all of our employees around theworld recognize that CSR is central to every aspect of ourbusiness activities and fulfill their responsibilities at the
local level as a member of society with the aim ofestablishing trust in the company.

Employees
Enhancing corporate value
Adequate disclosure

Working together
with business partners
Reasonable andfair trade

Sustainable Society

Continuing to Enhance Corporate Value

Shareholders

Society

Sales

Manufacturing

Customers

Business
Partners

Environment

Development

Local
Communities

Providing outstanding value
Working together
and services
with local communities
Improving customer Prioritizing environmental preservation
satisfaction
on a local and global scale

Corporate Charter
The Meiko Group aims to become a useful presence to as many members of society as possible.
Acting in accordance with the following nine principles, we aim to act as a global company contributing to thecreation of a sustainable society.
will develop and supply products and services that are both useful to society and highly reliable in order to guarantee
1 We
customer satisfaction and earn their trust, paying full attention to quality, safety and customer data protection.
2 We will strive to develop creative technology and pave the way for new business in order to help create a brighter future.
will engage in fair, free and transparent competition and fair trade and will maintain sound, healthy relationships with
3 We
political and administrative bodies.
We will communicate with our shareholders, customers, investors, business partners, employees and other stakeholders and4 actively disclose corporate information in a fair and timely manner to ensure that our corporate activities are as transparent
as possible.

We will respect diversity and individual employee’s personalities and ensure that all working environments are safe,
5 motivating
and comfortable.
We will reduce environmental impact and contribute to the creation of a sustainable society, in recognition of the fact that
6 we all need to do our part to tackle environmental issues.
will actively engage in social contribution activities as a good corporate citizen, including research, education,
7 We
environmental preservation and community services, and will resolutely oppose antisocial individuals and organizations.
will comply with all applicable rules, laws and regulations, at both the local and global levels, as part of our international
8 We
business activities and will respect local cultures and customs and contribute to the development.

9Management will enforce this charter within the company, leading by example in recognition that it is their responsibility to
put the spirit of this charter into practice, and raise awareness amongst group companies and suppliers.
Management will continually monitor internal and external feedback, exercise effective governance and rigorously
implement corporate ethics.

CSR Report2013

4

CASE

1

The Unflagging Efforts of the Fukushima Factory,
which Resumed Operations after
the Great East Japan Earthquake

Special Focus

Meiko’s Challenge
Aiming for the realizationof a sustainable society

Overview of the Fukushima Factory
The Fukushima Factory began operations in 1990.
Surrounded by nature in Hirono-cho, Futaba-gun,
Fukushima Prefecture, it has engaged in manufacturing
activities guided by considerations for the environment
and nearby society, placing harmony with communities
including local industrial parks as its highest priority. It
concentrates on the manufacturing of products for officeequipment and amusement customers, capable of rapid
turnaround mass-production of medium-sized lots ofdouble-sided/multi-layer through-hole PCBs. The
Fukushima Factory devotes special attention to quality

management, using its in-house quality management
standards in strict quality checks on production lines.
The factory, blessed with a large tract of land andnatural environment, places emphasis on environmental
harmony and conservation. It is fully equipped withwater treatment system, and engaged in environmental
conservation measures focused on resource recycling
and energy savings. It works every day to improve itself inorder to earn the trust of the local communities,
customers, and all other stakeholders.

through co-existence and co-prosperity with all the stakeholders
Fulfill social responsibility as a good corporate citizen and contribute to the sustainable development of theenvironment through our business activities.
Meiko will, based on the CSR Declaration, take on initiatives to realize the above through our business activities.
Under our special focus, as part of our initiatives towards stakeholders such as the environment and local
communities, we will introduce the following.
1.The Unflagging Efforts of the Fukushima Factory, which Resumed Operations after the Great East
Japan Earthquake

Yamagata Factory (Yamagata Meiko
Electronics Co., Ltd.)

2.Environmental Assessment of Overseas Factories

Ishinomaki Factory

Kanagawa Factory

Fukushima Factory5

CSR Report2013

6

Unprecedented Difficulties

Fukushima Factory
General Affairs Section Manager
General Affairs Department
Headquarters

Naohiro Shimokawa

Fukushima Factory
General Affairs Section

Rumiko Endo

Fukushima Factory
Factory Manager

Koji Matsumoto

Yohei Yamaguchi

Fukushima Factory
PCB Manufacturing Section Manager

Tomio Ota

Yamaguchi Could you please explain to us about theconditions when recovery work first began?
Ota Recover y work began with a team of eightcolleagues on April 25. It was impossible to make ones
way through the inside of the factory, due to equipment
which had fallen over, collapsed ducts, and the like, so
recovery work started with a thorough cleanup. Perhaps
it’s because people show their true capabilities whenconfronted with unprecedented difficulties, but those
first members performed incredible work, completingthe debris removal phase within a single week. Then,with cooperation from business partners, we worked on
equipment restoration and building construction, but
creating cleanup and recovery plans was the hardest
part.

Special Roundtable on Reopening of the Fukushima Factory

Never Forget the Spirit of Recovery!
The Great East Japan Earthquake, which struck Japan at 2:46 p.m. on March 11, 2011, left lasting wounds on
many towns and their residents, as well as damaging Japan’s economy and industry. The Meiko Fukushima
Factory was directly hit by the earthquake, and was forced to suspend operations due to the evacuation
orders issued as a result of the nuclear power plant disaster.
In this special feature, Fukushima Factory restoration members, who faced various difficulties caused by theGreat East Japan Earthquake as they worked to resume operations at the plant, discussed their thoughts on
the recovery of the region, and their plans to take on future challenges.
■Steps Leading up to Resuming Operations at the Factory
2011.03.11 The Great East Japan Earthquake occurred. Emergency Headquarters was set up
03.12

Hydrogen explosion at Unit 1 of TEPCO ( Tokyo ElectricPower Company) Fukushima Daiichi Nuclear Power Station

Hydrogen explosion at Units 3 and 4 of TEPCO Fukushima
03.14
Daiichi Nuclear Power Station
03.18 Some affected employees evacuated to Ayase City Seniors’ Welfare Center
03.28 Kanagawa Factory manufacturing support started (evacuated employees)
03.30 Visual inspection of Fukushima Factory (first inspection)

2011.04.11 Kanagawa Factory manufacturing support started (home standby employees)
04.13 Visual inspection of Fukushima Factory (third inspection)
04.25 Fukushima Factory recovery work started with 8 employees
06.13 Tentative manufacturing began on work-in-progress from before the earthquake
06.20 Manufacturing of newly ordered products began
07.01 Full-fledged manufacturing began
08.17 Two-shift manufacturing began

Interior of factory (after earthquake) Interior of factory (after restoration)

Yamaguchi What were the biggest difficulties
encountered during the recovery work?
Ota During the month and a half that nobody could
enter the factory due to the nuclear plant situation,
etching process chemicals had leaked and evaporated,so the entire factory was covered in rust. It looked likerust removal would only take a few days, but in the end it
took a whole week, and lines were completely shut down
as we polished everything, even the inside of the drying
oven. That was essential for us to restore the factory to acondition where the products it manufactured would
satisfy quality requirements.

Supplying of products to customers was covered byother Group plants, primarily the Kanagawa Factory, as
well as the Yamagata Factory and Wuhan Plant, but the
PCBs were completely custom-made, with different
specifications for each and every board, so switching
manufacturing plants required close specification
coordination with customers, including rebuilding
manufacturing data.
Matsumoto The manufacturing factory migration
placed an extremely large burden on customers.
Nonetheless, there weremany customers who
not only kept orderingfrom us, but switchedordering back to the
Fukushima Factory once
it resumed operations.
The support of thesecustomers was at re m e n d o u s d r i v i n gforce behind therecovery of the factory.

04.05 Visual inspection of Fukushima Factory (second inspection)

Decision to Restore
the Fukushima Factory –We Must Secure a Place for Everyone to Return To–
Yamaguchi Please tell us about what went into thedecision to restore the factory.
Matsumoto Operations were suspended at the
Ishinomaki Factory*, due to the tsunami that followed
the earthquake, and we were extremely worried that the
Fukushima Factory would also be closed down. I felt “We
can’t let this take away the Fukushima Factory, which allof us employees have worked together as one to create!”
After the earthquake, we set up Emergency Headquarters
in the head office in Kanagawa Prefecture, which kept incontact with employees who had evacuated, andconsidered plans for restoring the Fukushima Factory.
There were several on-site inspections to assess, forexample, how much damage there was to the buildings,
how far infrastructure recovery had progressed, and what
the level of radiation dose was. These inspections showedsolid recovery potential, so the president authorized thestart of recovery operations.

The drying oven interiors covered with rustand dust were also thoroughly cleaned.

Feedback from a Customer
Two years passed since the clock in the Meiko Fukushima Factory stopped on March 11, 2011. These
two years were special, for the Meiko Group, the Fukushima Factory, and ourselves.
When the operations were shut down due to the nuclear power plant disaster, the Kanagawa Factory
and the Wuhan Plant in China provided backup manufacturing, and we believe that our close
partnership with Meiko is what allowed us to continue providing our services without affecting our own
customers. For this, we would like to express our deep gratitude to Meiko.
Another thing that stands out sharply in my memory is that this all occurred when we hadannounced our entry into a new business field in April, and were preparing for mass-production from
June. Meiko’s diligent efforts resulted in the factory being restored in June, allowing our new business tostart as scheduled. This is something we will not forget.
I feel that these memories, of struggling together, are memories that could not be created as a resultof sheer transaction volume alone. I know there must be challenges and hurdles that we cannot
comprehend, but it is my sincere hope that the Fukushima Factory continues to rise to the occasion.

Ricoh Company, Ltd.
PC Unit Products Company
Group Control Center
Group Procurement Office
General Manager

Mr. Naoki Sato

* The factory resumed operations from May 20, 2013.

7

CSR Report20138

Yamaguchi What were the difficulties for theemployees?
Ota Because of alternate manufacturing, the otherfactories found themselves without sufficient personnel
to handle the increase in manufacturing volume.
Therefore, we had to reassign Fukushima Factory
employees, and I’m sure that coordinating reassignment,
taking into consideration the individual situations of eachfamily, must have been difficult for employees. We arevery grateful to Ayase City in Kanagawa Prefecture forproviding us with a public emergency shelter.
Matsumoto As restoration work at the factory madeprogress, and it came time to call back employees, therelevels, but even if we return to full production, I’m certain
we can maintain this lead time by optimally balancing
our input and output.
Shimok awa From the perspec tive of disaster
preparedness, the strengthening work using diagonal
reinforcement pillars was performed, tip-resistantmeasures for equipment were taken, and a seismometer
was installed in order to determine the timing of initial
response activities. We are also working on launching aGroup-wide safety confirmation system. From theperspective of business continuity, the Group is reviewing
its BCP, based on what we have learned from the Great
East Japan Earthquake.
Yamaguchi The speedy recovery of the Fukushima
Fac tor y has been highly praised within thecompany as well, right?
Matsumoto Our manufacturing and management
divisions worked as hard as they could to rise to the
expectations of our customers and all who havesupported us. This helped lead to the operating in theblack at the time of test manufacturing in June. Not tosing our own praises, but we were awarded the“President’s Award (note)” for 2011. This was tremendously
encouraging for all employees.

were even more difficulties in finding places for them tolive in Fukushima, as half of them were unable to returnto their homes. The apartments were mostly taken byrecovery personnel that had gathered from around thecountry, and there was little available for our company torent. I can’t even remember how many times I visited realestate agents.
Endo I joined the recovery work midway in June, andwent every single day to real estate agents, explaining
our company’s situation over and over again andnegotiating with them to contact us whenever properties
became available. However, the housing arrangements
employees want vary depending on their family makeup
and we’re still having a hard time securing places forthem to live.

Yamaguchi Have there been any changes in theemployees themselves?
Matsumoto Before the earthquake, the atmosphere at
the Fukushima Factory was rather strict. We wanted
employees to be able to relax and unwind at least in thecafeteria area, so we used the President’s Award moneyand other donations we received to build a relaxation
room. It was designed by Ms. Endo.
Endo We used light colored floor, and put in an
aquarium, a massage chair, and a blood pressure meter. I
would have preferred to have brighter chairs at thecounter. (laughs) The atmosphere when you enter thecafeteria is very different than what it used to be.

Yamaguchi Were any improvements made as aresult of the recovery work?
Matsumoto One of the major measures we
implemented after resuming the factory operations was
the substantial shortening of manufacturing lead time.
We were able to shorten the contracted processing cycle
time, which normally took quite a few days. This enabled
us to shorten delivery times for four-layer PCBs from 12days to 5 days. We were able to achieve this thanks to thededicated support of our business partners. Our
production capacity is still around 70% of pre-earthquake

Further Restoration Efforts
Yamaguchi Please share your opinions on further
restoration.
Matsumoto Two years have passed since theearthquake, and recovery work has made quite a bit ofprogress, but the majority of employees are still unable toreturn to their homes, and have to live in temporary
housing. When I was able to temporarily return home, I
was sometimes overwhelmed by the fact that I couldn’t
r e t u r n fo r g o o d a n d b y t h e e m p t i n e s s o f t h eneighborhood. In a lot of cases, people have merely
gotten used to this situation — it hasn’t actually
improved. I hope that the factory can provide a place
where employees can let go of their fears anduncertainties, while they’re carrying out their duties, andthat the factory can maintain steady operations andthereby provide them with support.
Shimokawa A lot of construction related personnel
work in Hirono-cho. It is full of activity, but, unfortunately,
still lacks ordinary people spending their day to day lives
and industrial activities. I hope that the restoration of theHirono industrial park, which includes Meiko, will help
bring back industry to the town itself, creating a chain
reaction of increased vitality to Fukushima Prefecture andthe whole Tohoku region.

Endo The M eik o Fuk ushima Fac tor y has more
employees than the other companies in the Hirono
industrial park, and has an especially large number ofwomen and young people. Currently there are quite afe w p e o p l e i n v o l v e d i n d e c o n t a m i n a t i o n a n d
construction work, but as the decontamination process
makes progress and residents begin returning, I hopethat the fact that companies such as ours are operating
will relieve their anxiety and provide them peace of mind.
I would like our company to bring vitality to thecommunities, serving as a model company in the area’s
restoration.
Ota I joined Meiko 22 years ago when the factory wasestablished. I’ve grown attached to the Fukushima
Factory, and would like to work there my whole life.
Immediately after the earthquake, I was worried about its
continued existence, and I’m sure that I have thestrongest feelings of anyone towards the Fukushima
Factory. The situation is still tense, but I hope to continue
to fulfill my responsibilities here, with my colleagues who
I have worked under the same roof, to further contributeto the recovery, not only of the factory, but of the entire
community.
Matsumoto Wrapping up, I believe that we owe ourability to restore the factory so quickly to the boundlesssupport we’ve received from our customers, local
municipalities, and our business partners. I would like toextend my deep gratitude to them once again. We still
face many challenges, but I will never forget the spirit ofrecovery, doing my utmost together with all my fellow
colleagues to make this into an even better factory. We
look forward to your continuing support and guidance.

A message from the local community
Ever since the Meiko Fukushima Factory started operations as the first company located in the Hirono
industrial park in May 1989, it has supported the local economy of our town, and for this we are filledwith gratitude.
Furthermore, despite the Great East Japan Earthquake, the disaster caused by the Fukushima Daiichi
Nuclear Power Plant accident, and concerns of the harmful rumors it would cause, Meiko rapidly
restored the Fukushima Factory, making a tremendous contribution to the recovery and restoration of
the communities.
For this as well, I wish to express my deep respect and thankfulness. Our area still faces many
problems, but we hope that Meiko continues its firm foundation in the area, and that it enjoys
continued success.

Mayor of Hirono-cho,
Fukushima Prefecture

Mr. Motohoshi Yamada(Note) Presented in recognition of the most effective improvement measures throughout the Group.

9

CSR Report2013

10

CASE

2 Environmental Assessment

Initiatives at Meiko Electronics (Guangzhou Nansha) Co., Ltd.

of Overseas Factories

In addition to its production bases in Guangzhou and Wuhan in China, Meiko has opened a large scale manufacturing site
in Vietnam. These overseas factories account for over 80% of the Group’s total production. It is therefore important that
Meiko assesses the impact their business activities have on the environment, and gives careful consideration toenvironmental conservation.
In this section, we will look at the environmental assessment initiatives being carried out for our three overseas factories.
Meiko Electronics (Wuhan) Co., Ltd.

At Meiko Electronics (Guangzhou Nansha) Co., Ltd. (the “Guangzhou Plant”), ourenvironmental assessment was certified by the Guangzhou Environmental Protection Bureau
for our 1st Factory in September 2001 and our 2nd Factory in January 2007.
The Guangzhou Plant is taking an active approach to reducing its CO2 emissions andenergy consumption in its efforts to prevent global warming. As a result, the company was
selected as a certified cleaner production factory by the city of Guangzhou in September
2011. Thanks to its environmental standard compliance efforts, it was also recognized by the
Nansha District Environmental Protection Bureau for having zero environmental infractions in2012. The plant will continue its business activities, led by its fundamental policy of reducing
CO2 emissions and complying with environmental standards.

Start of Operations: 2006

From cutting- edge HDI PCBs that
include AnyLayer PCBs for smartphones
to highly dependable PCBs for
mounting in automobiles, this strategic
plant carries out production in step withmarket changes.

Meiko Electronics Vietnam Co., Ltd.
Start of Operations: 2011 (EMS began in 2009)

Vietnam is our third-largest overseas production
facility. Focused on HDI PCBs for mobile phones, thisplant will ultimately be the Group’s largest and mostadvanced production facility.

China

Online Wastewater Measurement Room

Japan

Wuhan

Guangzhou
Hanoi

VietnamMeiko Electronics (Guangzhou Nansha) Co., Ltd.

Cleaner Production
Factory Certificate

Initiatives at Meiko Electronics (Wuhan) Co., Ltd.
At Meiko Electronics ( Wuhan) Co., Ltd. (the “Wuhan Plant”), ourenvironmental assessment was certified by the Wuhan Environmental
Protection Bureau for our 1st Factory in January 2007 and our 2nd
Factory in December 2011. The 2nd Factory passed its opening
environmental assessment in January 2013, and is currently operating as
a mass-production facility.
The Wuhan Plant has also hermetically reduced CO2 emissions throughthe more efficient use of equipment, and it has conserved even moreenergy in its efforts to prevent global warming. The company wasconsequently selected as the only corporate model for energy
conservation in Wuhan City by the Hubei National Development andReform Commission in December 2012. This was followed by being
selected as a Hubei environmental protection monitoring modelcompany with the deployment of an online monitoring system forpreventing wastewater pollution in March 2013.

Start of Operations: 2001

Meiko’s first overseas production facility. This plant
handles a wide range of high-end products that
include PCBs for automobiles and other HDI PCBs.

Meiko’s Environmental Assessments
In our efforts related to environmental assessments, our basic policy is topredict the impact on the surrounding environment of such factors as
exhaust, wastewater, noise, and waste material generated during factory
operations, and we construct environmentally friendly facilities andemploy the proper means of dealing with above factors. These efforts are
aimed at creating a society where the natural environment is in harmony
with human endeavors. To minimize environmental risks, we manage theconcentration and volume of pollutants in air and water, sound levels,and other elements that affect the surrounding environment, byemploying strict internal standards that are several levels beyond therequired public standards. At our factories overseas, assessments ofenvironmental impact are particularly rigorous for our plating business,
which uses large amounts of energy and chemicals.

11

What is environmental assessment?
Before carr ying out development projec ts,
proponents perform their own surveys, forecasts,
and evaluations of the impact these projects will
have on the environment. They release theirfindings publicly, listen to outside opinions, and use
them to establish better business plans from theperspective of environmental conservation. This
process is called environmental assessment. Laws in
individual countries specify the procedures forcarrying out environmental assessments for largescale projects with the potential for major
environmental impacts.
T h e c o n t e n t s o f o u r G r o u p’s c e r t i f i e denvironmental assessments are submitted in theform of environmental impact reports to therelevant authorities.

Initiatives at Meiko Electronics Vietnam
At Meiko Electronics Vietnam (the “Vietnam Plant”), our environmental assessment was certified by the Ha Thi Province
People’s Committee (now the Hanoi City People’s Committee) in October 2007. In Vietnam, environmental assessments
consist of regulatory compliance and accident prevention measure assessments of risk management systems for potential
emissions of aerial pollutants, wastewater discharge, waste disposal, chemical leaks, and other causes of environmental
pollution.
The Vietnam Plant has water treatment facilities capable of processing
Vietnam Wastewater Treatment Facility
8,500 m 3 of wastewater per day. Contaminants in wastewater are
removed during the pretreatment process optimally tailored tocontained materials. The treated wastewater is combined with generalcleansing water for final water treatment and the cleaned water isdischarged into a river. As part of the environmentally conscious
wastewater management in the plant, the company sets its own
standards for the water quality analysis to be conducted before
discharge, which exceed those required by law.

CSR Report2013

12

Assurance of quality that meets customer needs
Horizontal deployment of the group’s
three overseas factories
Based on the Fiscal 2013 Group management policy, weare proceeding with a product quality assurance systemfor both overseas and Japanese factories that ensures our
products meet our customers’ needs. Aiming at quality
assurance and consistent quality on a global level, we will
implement manufacturing practice to fulfill ourcustomers’ demands.

At Meiko, we manufacture and sell PCBs, devices that are
essential for industrial development, by interacting with diverse
people in various countries, regions, and communities.
We recognize that we are social entity, and we fulfill our
responsibilities accordingly. At the same time, we give

Receiving awards from our customers

consideration to our stakeholders as we engage in our business● Received an award from Panasonic Corporation

activities.

● Monitored market complaints and their causes at overseas● Rapid identification of major defects

A t t h e Pa n a s o n i c E x c e l l e n t
Par tners Meeting, wherecompanies which had mademajor contributions to quality
improvement during Fiscal 2011were recognized, we wereselected as an award recipientdue to major reduction in thenumber of shipped defective
products during Fiscal 2011.

plants, and carefully scrutinized countermeasures and theirimpacts on products (plant audits)● Eliminate crisis management defects● Received an award from Fuji Xerox Co., Ltd.

For Customers ── Initiatives for Quality Assurance
M a j o r Ac t i v i t i e s i n 2 0 1 2● Developed and deployed high temperature checkers● Thoroughly implemented 5M1E management and change point management

Fu tu re Pl ans● Thorough organization-level handling of major complaints● Verification of high temperature checker effectiveness● Further thorough change point management● Streamlined customer accreditation systems● Domestic ISO9001 and ISO14001 combined audit was

conducted● Implementation of global ISO● Updating MES standards to Meiko-wide latest version

At Meiko, we have defined a Quality Policy aimed at achieving one of our Business Principles: We will provide ourAt the Fuji Xerox Procurement
Partners’ Forum 2012, Fuji Xerox
selec ted and recognized its
Premier Par tners. We wereselected as Premier Partner for thesecond consecutive year. 63
premier partners were selected
out of approximately 250 general
suppliers and we were the only PCB manufacturer
selected.

customers with outstanding value and services and make a contribution to society. We improve the reliability of our
products to guarantee the highest possible levels of customer satisfaction and contribute to society.

Customer Satisfaction Survey■Quality Policy
Our approach to quality assurance andorganizational efforts to ensure high quality
In the Quality Policy, we have stipulated that we need tocontinuously improve the quality of our operations as wellas our products by ensuring that the CAPDo* operates inevery process of our operations. The CAPDo targets
continuous innovations in technologies and operations. In
terms of quality assurance, we assure the quality of all
products within the plant where they are manufactured. In
the middle of globalization, we intend to assure quality as
promptly as possible by strengthening our cooperation
with our plants and sales offices.
* CAPDo: Check-Act-Plan-Do cycle. The term “PDCA” is more commonly
used.

13

Quality demanded by customers
Expectations
andconfidence

Ensuring quality thatmeets customer needs

Quickresponse

Quality assurance by the Meiko Group
Quality design improvement→ Crisis management defects are substantially affected by design factors
1.“Quality assurance in response to customer demands”

Confirm customer’s demands →Clarify product structure, material
evaluations, and specifications →DRBFM*/Verification/Viability confirmation

2.“Quality assurance of manufacturing process”
Material selection, 4M changes, change point management, defecthandling, personnel skill improvement →Respond to customer needs

Meiko performs a customer satisfaction survey every year
in order to improve its product and service quality. In
Fiscal 2012, 56 companies answered the survey. The
survey asks customers to evaluate (1) product quality, (2)product prices, (3) product delivery times, (4) service, and(5) technological response. Many customers indicatedtheir satisfaction. However, some expressed complaints,
and our future product and service improvement policy
will be to strive for even greater customer satisfaction.

Acquisition of ISO9001 and
ISO/TS16949 certifications
At Meiko, we have obtained ISO9001 and ISO/TS16949
certifications, which are global standards, and have beenworking on continuous improvements.
■The ISO9001 and ISO/TS16949 certifications we have obtained
ISO9001
Meiko Electronics Co., Ltd. obtained
certification for its PCBs.
Guangzhou Plant in China obtained
May 1,2002
certification.
ISO9001:2000 became the unified standard
Jan. 27,2003
in Japan.
Extended certification obtained by MD
Jan. 27,2003
SYSTEMS Co., Ltd. (Design of PCBs)
Extended certification obtained by theJan. 27,2006
Miyagi Plant
Nov. 29,2006 Wuhan Plant in China obtained certification
Extended certification obtained by Metal
Feb. 20,2008
Mask Dept.
Extended certification obtained by Tool
Jan. 27,2010
Department.
Jun. 18, 2010 Vietnam Plant obtained certification.
May 13,1997

Sociality Report

SOCIAL REPORT

ISO9001 (Japan)

ISO/TS16949
Guangzhou Plant in China obtained
Apr. 19, 2004
certification.
Mar. 22, 2011 Wuhan Plant in China obtained certification.
ISO/TS16949 (Guangzhou
Jan. 9, 2013 Vietnam Plant obtained certification
Plant, China)* The plants in Japan obtained certification from Japan Electrical safety &Environment Technology Laboratories (JET ). The plants in China
obtained certification from TÜV Rheinland. The Vietnam Plant obtained
certification from Bureau Veritas Certification (BVC).

◆Employee’s VOICE◆◆◆◆◆

Meiko’s Quality Assurance Department works to provide
customers with products that meet their satisfaction based on“quality assurance in response to customer demand.” I am
responsible for Automotive & Industrial Systems Company ofPanasonic Corporation. We first received an inquiry from themin overseas business in January 2009. While production started
smoothly, we began seeing quality defects about six months
later, and went through a tough period which placed quite an
imposition on the customer.
We decided to participate in a joint quality countermeasureproject with other PCB manufacturers, and implemented
product quality improvement measures with the guidance ofour customer, which culminated in our receiving a quality
improvement award in 2011
and a quality contribution award
in 2012. We have now received
accreditation at anotheroverseas factory, and expect aneven greater number of orders
in the future. We will use what
we’ve learned through ourquality improvement activities
with our customers and strive
for further quality improvements
Quality Assurance Department
to maintain our customers’ trust.
Assistant Manager

Takeshi Morita* DRBFM: Design Review based on Failure Modes

CSR Report201314

M a jor Ac t iv it ies in 20 12● Completed preparation for MDiM* PCB mass-production

For Business Partners ── Supply Chain

Fut ure P l an s
● Launch of MDiM PCB mass-production

M ajor Ac ti vi ti es i n 2 0 1 2

Future P l a n s● Established purchasing crisis management standards and carried out purchasing● Continue performing purchasing audits based on crisis

audits in an effort to minimize procurement risks (audited 22 companies in Japan)*Molecular Direct Metallizing● Performed conflict mineral survey since October 2012,using EICC standard format

The evolution of electronics means the evolution of PCBs. In line with the needs of the PCB (Printed Circuit Board)● Performed environmental measure survey based on the latest version

market, at Meiko we have created a number of state-of-the-art technologies, including the AnyLayer PCB, Flexibleof regulations such as REACH regulations <SVHC138 substances>

PCB, Rigid-Flex PCB, Package Module PCB, and Embedded Devices PCB.
Successful Development and Mass-Productionof High Precision Flexible PCBs (MDiM PCBs)
Meiko has recently succeeded in development and massproduction of high performance and high precision
flexible PCBs which do not require copper foil that isnormally used in PCBs. This greatly reduces the amountof copper and electric power used in PCB production,
leading to reduction of manufacturing costs and energy
usage, and makes significant contributions to resource
conservation and the environment.
Conventional PCBs use a raised copper profile on thecopper wiring placed on the resin (polyimide) base, anduse the anchoring effect to fuse the copper foil and theresin (Fig. 1).
This newly developed technology uses molecularjunction technology to directly chemically fuse the resinand copper, directly metallizing a thin layer of copper on
the surface of the resin (Fig. 2). This not only eliminates
the need for copper foil, but also removes the protrusions
where the resin and copper are joined, for a completely
flat PCB surface. This reduces electrical signal highfrequency transmission loss, producing a flexible PCB
which offers higher speed and high frequenc y
performance (Fig. 3). It also uses the semi-additive
process to directly form patterns, making even greater
precision possible. By avoiding the use of copper foil, themethod also makes PCBs lighter, thinner, and more
flexible, cutting copper usage by up to 1/4, and thickness
by up to 2/3. The resulting PCBs are therefore soft andhave low resilience, making them extremely flexible andeasy to embed in devices.
Because these PCBs offer such superior features, weare now working on applying this technology not only toflexible PCBs but to a wide range of PCBs, including rigid
PCBs. We will continue our research and development
work, turning these next generation PCB manufacturing
processes into a global de facto standard.

■Figure 2:
Molecular junction method

Metal

Metal

δ+

δ+
δ+ δ–

Resin

whom sourcing locations are unknown● Perform latest version management and clarify non-use

guarantees

Currently, a company is required to have, as its basic framework, a consistent supply chain covering the entire process■Figure 1:
Conventional joining methodδ–management standards● Perform continued investigation for manufacturers forSociality Report

For Customers ── Research and Development

δ–

δ–

δ+
δ+
δ–

δ+

δ–

Resin

A

A

X

Molecular
X joiningmaterial

B

B■Figure 3: Comparison of joint faces

Joint face of conventional products

Joint face produced with this technology

Participating in exhibitions
We took part in the JPCA Show 2012 in June 2012 andthe Printed Wiring Board Expo in January 2013. In
addition to attracting a lot of attention with energysaving, eco-friendly products such as our Aluminum BaseHeat Dissipation PCBs and High Electric Current PCBs, theMeiko booths at both exhibitions also showcased
Embedded Devices PCBs using state - of-the -ar t
technology. A great many customers came to see ourbooths and shared their honest opinions and requests,
making both events a great success.

from material procurement from business partners through to production, distribution, and sales of products.

Basic Procurement Policy

Request for our business partners

A t M e i k o, w e e n c o u r a g e t h e c o n t i n u a t i o n o f
procurement activities based on the Basic Procurement
Policy below.
In line with this trend, we at Meiko believe that themost important aspect of our procurement activities is toestablish win-win relationships and relationships of
mutual trust with our business partners. We ensure
cooperation not only between the production and sales
bases in Japan but also with overseas bases, and selectbusiness partners through a comprehensive assessmentof quality, delivery punctuality, price, and management,
as well as business continuity in case of an accident anda disaster under the basic principles of (1) understanding
our Basic Procurement Policy, (2) compliance with laws,
ordinances, and social norms, (3) environmental
protection and (4) exclusion of antisocial forces. In thisway, we are strongly emphasizing CSR practices within
our supply chain.

In accordance with the measures for the environment
included in our Basic Procurement Policy, we are callingfor more than 300 business partners to understand andpractice matters concerning the four points below. In
addition to control of greenhouse gas emissions, waste
reduction, and management of specified chemical
substances, which we naturally undertake in our internal
production activities, we also implement a variety ofmeasures to ensure environmentally friendly
procurement. We ask our business partners to implement
and recommend green procurement, and also requestthat distribution and sales activities be undertaken in anenvironmentally friendly manner.
Specific results of ac tivities for 2012 include
implementation of initiatives such as establishingpurchasing crisis management standards and carryingout purchasing audits in an effor t to minimize
procurement risks, conducting conflict mineral survey
based on EICC standard format, and environmental
measure survey based on the latest version of regulations
such as REACH regulations

Basic Procurement Policy

1. Focus on green procurement, compliance with the green
procurement standard, provision of information
concerning “eco products”

1. Procurement activities best suited to our global
production
2. Smooth, fair, appropriate procurement activities basedon closer communication and strengthened cooperation
with our business partners

2. No idling
3. Waste reduction
4. Cooperation with contact in case of an emergency

3. Strengthened environmental measures (chemical
substances / green procurement)
4. Promotion of elimination of conflict minerals by supply
chains

A scene from the JPCA Show 201215

CSR Report201316

Panasonic Corporation of China
Electronic Materials Business Division General Manager

Mr. Hisamitsu Misaka
We appreciate the patronage of Meiko Electronics Co., Ltd.,
with whom we have an ongoing supply relationship ofenvironmentally friendly halogen-free multilayer PCB
materials, both inside and outside Japan.
The greatest societal issue the world is facing is that of
the global environment, which includes ever-increasing
serious global warming, concerns about resource depletion,and threats to the ecosystem. Panasonic aims to become
the No. 1 Green Innovation Company in the Electronics
Industry looking to 2018, the 100th anniversary of its
founding. Making the “environment” central to all of ourbusiness activities, Panasonic will engage in “green life
innovation” and “green business innovation.”
We actively develop low-environmental impact products,
which we call “green products.” While engaging in productdevelopment with a strong focus on the reduction ofenvironmental impact throughout the entire productlifecycle from design to disposal, we plan to provide
solutions which fit your Basic Procurement Policy, such as
reducing resource usage by making PCB materials thinnerand issuing proposals for the optimization of processing
conditions, which would reduce environmental impacts.
We hope to continue to our environmental impact
reduction
activities
through ourbusiness with
Meiko, and lookforward to yourcontinued
patronage.
Panasonic Corporation of China
Electronic Materials Business Division
Persons in Charge

Measures concerning purchasing
and procurement
Internal control and compliance
At Meiko, we undertake smooth operations with ourbusiness partners by complying with the following rules
on purchasing and procurement.
We carry out appropriate transactions with ourbusiness partners by undertaking internal training andconfirming compliance in relation to adherence to laws,
ordinances, and social codes, including the Act against
Delays in the Payment of Subcontract Proceeds to
Subcontracts in Japan, as well as compliance withcustoms regulations and the relevant regional andnational laws, ordinances, and social codes in our global
procurement activities.

17

For Employees ── Creation of a Comfortable Working Environment
M ajor Ac ti vi ti es i n 2 0 1 2

Future P l a n s● Promoted the creation of a comfortable working environment and system for women● Continue promotion efforts● Cultivated next generation managers from mid-career● Identify which specific values should be shared by all employees,

employees

and raise next generation leaders that epitomize these values● Enriched our systems for concentrated manufacturing

technology training and self-development● Continue manufacturing technology training, establishing manufacturing

plant operation methods as systematic methods for company-wide training● Implemented TOEIC Institutional Test regularly, established an

incentive system, and carried out language training courses● Begin management training for employees stationed

Sociality Report◆Business Partner’s VOICE◆◆◆◆◆

1. Fair, appropriate operations with business partners shall be
undertaken through compliance with laws and ordinances
concerning purchasing and procurement activities.
2. Business partners’ information that we obtain through purchasing
and procurement activities shall be kept confidential and theinformation security system for preventing the leakage ofconfidential and personal information shall be strengthened.
3. Entertainment and gifts for business partners shall be permitted
to the extent that would normally be considered reasonable,
but shall be prohibited if such acts result in personal profits.
4. Exclusion of antisocial forces shall be exercised.

overseas or temporarily dispatched to overseas locations

Environmental measures (green procurement)
In accordance with the “standards concerning theenvironment,” we encourage environmentally-friendly
purchasing and procurement activities together with ourbusiness partners.
1. We confirm laws and regulations (RoHS Directive, ELV Directive,
and REACH Regulations) and the content of environmentallyhazardous substances to encourage the procurement ofcompliant products and maintain and improve theenvironmental quality of our products.
(1) RoHS Directive : EU restriction on the use of certain hazardous
substances in electrical and electronic equipment(2) ELV Directive : A directive adopted by the EU to reduce theenvironmental burdens of end-of-life vehicles(3) REACH Regulations : EU law for protecting people’s health andthe environment(4) JIG (1-R) : Legally controlled substances specified in the guidelines
concerning the disclosure of information regarding chemical
substances contained in electrical and electronic equipment(5) Customers’ standards
2. We encourage the signing of the Memorandum on
Environmental Protection and Guarantee of Non-Use of
E nv i ro n m e n t a l l y H a z a rd o u s S u b s t a n c e s t o e n s u reenvironmental protection together with our business partners.
We are pursuing the signing this Memorandum and Guaranteewith our major business partners, including manufacturers towhom we outsource processing.
3. We strive to reduce the discharge of industrial waste andencourage the use of this waste as a valuable resource by recycling
it or using it in other ways together with our business partners.

Conflict-Free Procurement Policy
In August 2012, the U.S. Securities and Exchange
Commission (SEC) adopted the rules on conflict minerals
under the Dodd–Frank Wall Street Reform and Consumer
Protection Act. This launched a study on the minerals(gold, tin, tungsten, and tantalum) originated in the
Democratic Republic of the Congo and adjoining
countries to identify minerals of which trade profits maylead to human rights abuses and environmental
destruction. Meiko is eliminating conflict minerals fromits supply chains. Meiko has defined a Conflict-Free
Procurement Policy which consists of using EICC/GeSIquestionnaire-based surveys, response disclosure, andfollow-up actions to eliminate resource procurement
which includes conflict minerals.

In line with the concept that “the greatest asset of a company is its human resources,” we focus on the creation of acomfortable working environment that is safe, secure, hygienic for all our employees, respects their diversity, andallows them to develop.

Employment and exchanges of global human resources

Respect for diversity
At Meiko, we respect human rights and strive to recruit,evaluate, and treat our employees without discriminationon the basis of race, creed, religion, nationality, age,gender, disability, and other attributes, so that diverse
employees are able to exercise their abilities. For women
employees, reduced work hour system is promoted for
those returning from maternity or parental leave. In Fiscal
2012, 9 employees took parental leave, 4 employees
returned to work, and 2 used the reduced work hoursystem (excluding Group companies).
At oversea locations, many Japanese employees are atwork in addition to local employees, and in Japan as well,dozens of foreign national employees are at work. We
also transfer personnel and exchange employees
between Meiko Group companies, both in Japan andoverseas, to develop global human resources andstimulate the further revitalization of our humanresources.

Employment of persons with disabilities
Since Fiscal 1991, Meiko Electronics Co., Ltd. (excluding its
Group companies) has continued to achieve the legallyrequired number of employees with disabilities ina c c o rd a n c e w i t h t h e A c t o n E n c o u r a g i n g t h e
Employment of Persons with Disabilities up until Fiscal
2009. In Fiscal 2010 and Fiscal 2011, however, we were
not able to meet the legal requirement, partly because
the overall number of employees increased. We achieved
the legally required number of employees withdisabilities in Fiscal 2012 and 2013.
■Changes in the number of our employees with disabilities and thenumber required by law (Fiscal 2009 – 2013)■Total Employees (Persons)
1,000
894
869

750
500

15
15

16
15

Legal requirement

926
16
15

Employees (Persons)20

824 15
14

80315
14

15
10

250

5

0

0

2009
2010
2011
2012
2013
(Note) Legally required number of employees with disabilities = Numberof permanent employees × Legal rate of employment (rounded down
to the nearest whole number)

Currently, approximately 33 employees from overseas
countries, including China, are working at Meiko’s
business establishments in Japan, while approximately
130 Japanese employees are working overseas. These
numbers have been increasing every year. In addition, as
of Fiscal 2012, a total of 152 persons had completed thelanguage and skill training in Japan intended for future
executives of our overseas subsidiaries, which has beenoffered every year since Fiscal 2003.

◆◆◆Parental Leave and Reduced Work Hour System User’s VOICE◆◆◆In July 2011, I returned to work after having taken sevenmonths of parental leave, and began using Meiko’s reduced
work hour system. Meiko provides parental leave regulations
to all eligible employees, and after employees return, always
check with them if they wish to use the reduced work hoursystem, so there are already many using the system, andthose wishing to make use of the system can do so without
feeling guilty or worried.
Under the reduced work hour system, I currently workfrom 9:00 a.m. to 4:00 p.m. I leave the house at 7:00 a.m.,drop my son off at daycare at 7:30 a.m., and spend around 1
hour commuting to work. At 5:00 p.m., I go to pick my son
up from daycare. I work six hours per day, so I makeconscientious efforts to always meet deadlines despite
these time restrictions,scheduling work during downtime and eliminating waste andinefficiency, striving to work
efficiently.
Thanks to these systems, I canmanage to work and raise mychild, improving my work
efficiency and attaining an even
Human Resources Departmentricher work-life balance than I
Yoko Ozawa
did before giving birth.

CSR Report2013

18

◆◆

◆Global Employee’s VOICE◆◆◆I joined Meiko from a Japanese electrical machinery manufacturer in 2010, but knew little about PCBs, so I underwent manufacturing
training in a factory in Japan before being stationed in China.
I had no prior experience with Chinese culture or the Chinese language, but after arriving, I began working on my language skills inorder to be able to communicate using the local language, and I am still polishing my Chinese. In addition to Chinese, I have also
learned Pakistan, Indian, English and Japanese languages. This is the perfect work environment for someone like myself, who wants towork around the world.
I am currently responsible for a global manufacturer known for its strictness, and I feel that the world we live in now is not one inwhich we must merely make our customers happy, but we must provide value added services which satisfy
our customers’ customers, and their customers as well.
Meiko is actively hiring international personnel and implementing a border-free personnel strategy as it
works to achieve part of its medium-term plan of having overseas customers account for 50% or more of its
overall customer base. I dedicate myself to my work as an employee just as hard
Guangzhou Plant
as the president does. This positive approach is well received by customers, andSales Headquarters Section Manager
I am certain that it contributes to the realization of a Global Village Society.

Nadeem Qadir

We conduct safety and health initiatives at Meiko basedon our Industrial Safety and Health Guidelines for the
purpose of eliminating work accidents and improving
the working environment in all workplaces, andencouraging the good health of all employees.
To ensure that problems are found efficiently, not tomention prevent work accidents, we have arranged forour workplaces to be audited by industrial physicians,
industrial health consultants, and other experts. In
addition, our Safety and Health Committee members
undertake audits of the plants.
What is more, we estimate risks through risk
assessments, based upon which we implement measures
to prevent work accidents and improve the level of oursafety and health management.

Industrial Safety and Health Guideline
In line with the concept that “the greatest asset of acompany is its human resources,” at Meiko Group we
focus on the creation of a working environment that issafe and secure for the mental and physical health of all
our employees, and allows them to fully demonstrate
their individual capabilities .
1. We will comply with the regulations and in-house rules
related to industrial health and safety as we endeavor toeliminate dangers in all workplaces.

Sociality Report

Employee safety and health initiatives

2. We will conduct risk assessments for our workplaces, setgoals for work environment improvements andcontinually work toward reducing work accident risks.
3. We will ensure that each and every employee is aware ofindustrial safety and health initiatives as we endeavor to
improve awareness of safety and health.
4. We will endeavor to actively support the maintenanceand improvement of the mental and physical health of
our employees.

For Shareholders and Investors ── Improvement and Expansion of IR Activities
Educational programs
At Meiko, we provide job-class-specific training to newrecruits, midcareer employees, and executives. We also
hold departmental training specific to functions and job
categories. These training programs are aimed at
extracting the potential ability of individual employees,
strengthening their ability to work in teams, andimproving their overall abilities that are universal to allorganizations. In addition, we offer qualification programs
and provide financial assistance with correspondence
courses to help our employees with their selfdevelopment and encourage them to obtain technicalqualifications. In particular, we position training for next
generation leaders as a primary task, and started a oneof-a-kind research to extract the shared distinctive values
that must be passed on from the leaders of today tothose of next generation, and to reflect these to thetraining program.
In addition, we offer qualification programs andprovide financial assistance with correspondence courses
to help our employees with their self-development andencourage them to obtain technical qualifications, aswell as operate foundation schools by foreign instructors
and full financial assistance of examination fees for TOEIC
Institutional Test.
Moreover, we are also developing employees who areable to work globally at the forefront of oversea
establishments which are increasing its importance, byimproving and expanding foreign language training
programs for domestic workers and the training ofoversea workers in Japan. In addition, we are planning todevelop management ability as well as overseas
assignment (trainee system).

19●Job-class-specific training

M ajor Ac ti vi ti es i n 2 0 1 2

New recruits◦Business simulation training◦Manufacturing and sales hands-on training and problem-solving● Held results briefings for institutional investors, analyst

Mid-career
employees◦MBA (Meiko Board Academy)◦Cultivation of next generation management● Produced English versions of IR tools for foreign investors

Managerial
employees◦MAPS (Management Academy for Problem Solving)◦Problem solving capability improvement

Department
heads◦President school◦Become an implementer of Meiko’s corporate
DNA in order to produce even greater results●Field-specific training
Technical
personnel
training◦Meiko PCB school (basic and advanced courses)◦Improve technical abilities of new recruits, midcareer employees, and core technical personnel

Globaltraining◦Regular TOEIC Institutional Tests and incentive
system◦English training for selected employees◦Chinese and Vietnamese language trainings●Self-development
Distance
learning◦Subsidize 80% of fees when language courses arecompleted

Future P l a n s● Continue holding explanatory meetings

meetings, and small meetings● Continue globalization and deliver valuable information for investors

One of the pledges made in our Code of Conduct is:“We will ensure that our corporate activities and management practices are sound and transparent, and we willcontinue to be a trustworthy company to our shareholders and investors to generate corporate value.” Based on thispledge, we are striving to maximize our corporate value by engaging in sound, fair corporate activities while
complying with laws and ordinances.

Timely and adequate disclosure of information
In accordance with the timely disclosure regulations,
we adequately disclose key information considered toinfluence the investment decisions of our shareholders
and investors. We also disclose other key information
via prompt, adequate, and fair means to ensure thetransparency of our management practices.

presentation documents, shareholders’ repor t,
documents for results briefing. As a result, for Fiscal 2012,
the Meiko website was awarded with a Good Corporate
Website Award in the emerging markets division of the
Fiscal 2012 Website
Good Corporate
Completeness Ranking for All
WebsiteListed Companies released by
2012
Nikko IR Emerging
Nikko Investor Relations Co., Ltd.
Markets Ranking

Enhancing IR tools

MAPS training for managerial employees

To provide a better understanding of Meiko, we haveenhanced the IR page of our website by providing amessage from the President and other content for private
investors, as well as an IR library that includes past andpresent financial statements and annual reports. For
Fiscal 2012, we produced IR tools for foreign investors,
such as convocation notice of the shareholders’ meeting,

MEIKO REPORTCSR Report2013

20

Fu tu re Pl ans● Implemented CSR activities addressing local issues at● Improve information sharing to enable sites toeach site

implement activities performed at other sites, and createa framework which enables more employees toparticipate autonomously

At Meiko, we encourage social contributions by our Headquarters and group companies to build close relationships
with local communities. We will continue to actively participate in environmental beautification activities and otherevents organized by the local governments in the various areas. At the same time, we will fulfill our responsibility as agood corporate citizen by encouraging social contribution activities in each local community.

2

Providing programs for local middle school and high school students

For the purpose of raising vocationalawareness of students through hand-on
experience in actual society and increasingawareness of local companies, we conducthands-on work experience events and factory
visits every year for local middle school andhigh school students at Yamagata Meiko. During
Fiscal 2012 we invited students from four
middle school and high schools. Having Factory visit for Kahoku Specialized Skill Internship for Sagae Industrial HighSchoolexperiences in the manufacturing process for Technical High School students
Meiko’s PCBs, they could understand first-hand the difficulty, importance, as well as the enjoyment of manufacturing. We
received valuable feedback from students after they completed the workplace experience. Students commented how “I
was very impressed and interested as I watched how one small mistake could lead to a critical large mistake” and “I feltthat I really grew as I was able to do things on day two that I couldn’t do on day one.”

Sociality Report

M a j o r Ac t i v i t i e s i n 2 0 1 2

Action▲

For Local Communities ── Social Contribution

Yamagata

Hong’an County, Hubei Province:
Donation to subsidy for students
from poor families● Meigu County, Liang Shan Prefecture,
Sichuan Province: Donation of daily
commodities to students living inpoverty● Local clean-up activities●

Vietnam

ActionParticipation in local community
building seminars● Participation in plastic bottle eco cap
activities (16,340 bottle caps)

Meiko actively offers support, such as
through academic subsidies, to children living inpoverty and families which have been struck bynatural disasters. In China, we have been
implementing a support program for poor families
and areas affected by disasters since Fiscal 2008
and our Guangzhou and Wuhan Factories offeredsupport to areas designated by the government as
Visit to Fengmasan Village of Hengli
Certificate of appreciation from the Chinahigh poverty areas in Fiscal 2012. Examples of theseTown in Nansha District
Foundation
for
Poverty
Alleviation
support activities include visits by Wuhan Factory
personnel to Hong’an County in Hubei Province in May 2012, engaging in one-on-one discussions with and providing support for
40 students, as well as donation of school supplies for 70 students in Liang Shan Prefecture of Sichuan Province in November 2012.
We will continue to contribute to solving the problem of poverty through these support activities.

Provision of internships for students
from local high school and highschools for the disabled● Provision of factory visits forvocational training school students● Participation in blood donation
activities● Local clean-up activities / Yachi
Industrial Park
Fukushima●●

Guangzhou

Active employment of personnel
with disabilities (45 employees)● Fengmasan Village, Hengli Town,
Nansha District: Tuition subsidies forjunior high school students living inpoverty● Participation in blood donation
activities●

1

Assistance with the Ayase Commerceand Industry Fair organized by the
Ayase City Commerce and Industry
Association● Assistance with the Ayase Iki Iki
Matsuri Festival organized by the
Youth Group of Ayase City
Commerce and Industry Association● Assistance with the Spring
Tournament (Meiko Cup) of the
Ayase City Children’s BaseballFederation organized by the Ayase
City Children’s Baseball Federation● Provision of manufacturing practicaltraining for an external organization● Local clean-up activities/
Participation in a local event toclean-up around Koza District rivers●

Blood donation activities▲

ActionHeadquarters and Kanagawa

Meiko is actively involved in blood donation activities at bases in Japan andoverseas. The blood donation activity was conducted at Yamagata Meiko Electronics Co.,
Ltd. on February 7, 2013 in keeping with the annual tradition that has continued for morethan 10 years now. There have been comments from the staff about wanting to do what
they can as part of their contribution to society.

21

Blood donation activities at Yamagata Meiko3

Action4

Donation of teaching materials to elementary schools▲

Sponsorship of martial arts festival
held at Phung Xa village (donated
LCD television)● Provision of factory visits for officials
from Phung Xa village● Donation activity on Children’s Dayof the Mid-Autumn Festival

▲

Wuhan

Support for poor families and students in China●

On September 30, 2012, Children’s Day of the Mid-Autumn Festival, the Vietnam

Plant donated teaching equipment and materials to a local elementary school. A
ceremony was held in appreciation on a later date, and broadcasted on television by alocal television station. Meiko will continue to carry out community-based CSR activities.

Presents are handed out to children◆◆◆Community’s VOICE◆◆◆

Since it was founded in 2007, Meiko Electronics Vietnam has actively contributed to the community in avariety of fields.
Its contributions to employment have been particularly notable, and many young people have begun
working at Meiko Electronics Vietnam, lowering the unemployment rate and boosting the economic
vitality of the area. It has also engaged in a wide range of other support activities, such as promoting local
culture and sports by building a new athletic field in the Lan Bun village and supporting education throughits donations of teaching materials, stationery, and study supplies to junior high and high school students.
During traditional Vietnamese holidays and New Year, Meiko employees also visited injured war veteransand their families.
On behalf of community leadership and residents, I would like to express my gratitude to Meiko
Electronics Vietnam for its tremendous role in the development of Phung Xa village and Hanoi City, andextend my hopes for its continued bold growth.

Thach That, Hanoi City
Chairman of Phung Xa
Village People’s Committee

Mr. Chu Van Bay

CSR Report2013

22

ENVIRONMENT REPORT

System for complying with environmental laws and ordinances
To implement our Basic Environmental Policy, we have established an ISO environmental management system, andhave appointed a person responsible for controlling the environmental management system (EMS) at each plant inJapan and overseas. We also strive to protect the environment through CO2 reduction and zero emissions activities,
etc. conducted by the cross-company Energy Saving Committee.
■System for furthering Environmental Management
Board of Directors
President & CEO

At Meiko, we believe that minimizing theenvironmental burdens of our business

General Manager Responsible for EMS (Japan)

activities is our mission and our responsibility
as a company helping to achieve a sustainable
society.

General Manager Responsible for EMS (Guangzhou)

General Manager Responsible for EMS (Wuhan)

General Manager Responsible for EMS (Vietnam)

Internal environmental auditor from the ISO Promotion Secretary

Internal environmental auditor from the ISO Promotion OfficeInternal environmental auditor from the ISO Promotion OfficeInternal environmental auditor from the ISO Promotion Office

Person responsible for EMS at Headquarters District

Guangzhou Plant in China

Wuhan Plant in China

Vietnam Plant

Person responsible for EMS at Kanagawa Factory

M a j o r Ac t i v i t i e s i n 2 0 1 2

Fu tu re Pl ans● Held Energy Saving Committee meetings● Reduce CO2 emissions by 1% or more

● Added hybrid vehicles to the company-owned vehicle● Add more hybrid vehicles to the company-owned● Maintained 99% or higher waste recycling rate (Plants in● Strive for 100% waste recycling rate

fleet (6 vehicles)
Japan only)● Strengthen communication of information in supply

chainsBasic Environmental Policy“Meiko recognizes that protecting the global environment and committing
to clean air and water are critical responsibilities that we have for thegenerations that come after us.
We use resources effectively and operate in a way that is compatible with ourliving environment.”

Preventing
globalwarmingReusing
naturalresources

Preventing
pollution of theecosystem■Environmental Action Guideline
Meiko’s businesses include the patterndesign and manufacturing of printed wiringboards and the manufacturing of metalmasks, as well as the development andmanufacturing of electronic devices. We
consider the implications of these activities
for the environment, and emphasize theimportance of reducing their impact interms of prevention of global warming,
cyclical use of resources and prevention ofcontaminating the ecosystem.
In accordance with our basic
environmental policy, we fully comprehend
the impact our business activities have on
the environment. We make every effort toprevent environmental pollution andreduce our environmental footprint
through the following measures:

23

1.

2.
3.
4.
5.
6.
7.
8.
9.

Person responsible for EMS at Ishinomaki Factory● Management concerning ISO14001

General Manager Responsible for EMS
Director, Managing Executive Officer
Haruyuki Nayautilize disused items
supplier study

ISO14001 Promotion Secretariat at Headquarters

vehicle fleet● Utilized systems such as our waste exchange system to● Stayed abreast of the added SVHCs and performed

Person responsible for EMS at Yamagata Factory

We have established a structure for strengthening our environmental conservation
activities, and we develop and revise our environmental management system,
operate the system appropriately to reduce our impact on the environment, andwork continuously to improve both.
We contribute to environmental conservation by making efforts to conserve
resources and energy, reduce waste, and encourage recycling.
We will properly manage chemical substances in products so that the productdoes not contain harmful chemicals.
We properly manage chemical substances contained in our products and makesure our products do not contain toxic chemical substances.
We properly manage chemical substances in the production process to limit theirusage and reduce their environmental impact.
We observe all laws, regulations, ordinances, and other requirements concerning
the environment.
We set environmental goals and objectives, conduct environmental conservation
activities, and strive to improve these activities.
We provide training and instruction to all our employees with the aim of instilling astrong awareness of environmental conservation activities in them.
We are documenting this environmental policy and distributing it to all our
employees, and are also making it available to the public.

Revised (No. 6) on December 1, 2010
Established on March 6, 2000

Two years have passed
since the Great East Japan
Ear thquak e, and our
Tohoku Factory has been
active in restoration
efforts.
The Ishinomaki Factory
suf fered significant
damage due to thetsunami, but all of our employees have cometogether as one, enabling the plant to resume
operations in May 2013.
I would like to extend my deep gratitude for thepeople of Miyagi Prefecture and Ishinomaki City for
their support for recovery.
The shutdown of nuclear power plants in Japanfollowing the earthquake has caused electricalsupply problems, which we have had to grapple
with. In Fiscal 2012, in order to make up for theseelectricity supply shortages, we reduced peak
power usage, adjusted room temperature, shifted
operations to night hours, and ac tively
implemented other power conservation measures.
In the future, we will continue to reduce
environmental risks in order to help conserve theglobal environment and contribute to society as we
aim to c onduc t environment ally - f r iendly
manufacturing.

Environmental Report

Person responsible for EMS at Fukushima Factory● Furthering environmental improvement

Acquisition of ISO14001 certification
We view ISO14001 as an important standard for environmental
management, began to take action toward obtaining
certification in Fiscal 2000, and have since continued these
initiatives at our plants in Japan and overseas.
■Our acquisition of ISO 14001 certification
ISO9001Mar. 27, 2001 Headquarters and Kanagawa Factory
Sept. 25, 2001 Yamagata Factory
Apr. 17, 2003

Extended certification obtained by
the Fukushima Factory

Apr. 30, 2003

Guangzhou Plant in China obtained
certification

Apr. 22, 2005

Integrated certification obtained by
the three Factories in Japan

Apr. 22, 2005

Extended certification obtained by
M. D. Systems Co., Ltd.

Apr. 28, 2006

Extended certification obtained by
Miyagi Factory

Apr. 28, 2006

Extended certification obtained by
Solder Stencil Dept.

Feb. 20, 2007

Wuhan Plant in China obtained
certification

Mar. 26, 2009

Extended certification obtained by
Meiko Research and Development
Center, Yamato Technology Center,
and Tool Department

June 18, 2010

Extended certification obtained by
Vietnam Plant* The factories in Japanobtained certificationfrom Japan Electrical
Safety & Environment
Te c h n o l o g yLaboratories (JE T ).
The plants in China
obtained certificationfrom TÜV Rheinland.
The Vietnam Plant
obtained certificationfrom Bureau Veritas
Certification (BVC).
* Because operations
were suspended at
the Ishinomaki
Factor y due to theGreat East Japan
Earthquake, thisfactory is temporarily
outside the scope.

(From the left), ISO14001 Certificate for factories in Japan, Guangzhou Plant in
China, Wuhan Plant in China, and Vietnam Plant

President & CEO Yuichiro NayaCSR Report201324

Cyclical Use of Resources

Promotion of environmental targets plan

Environmental laws and ordinances have been amended
due to increasing awareness of environmental impact. We
believe that ensuring our compliance with all theamended laws and ordinances of individual regions willlead to our contributing to environmental protection ineach local community. In accordance with ISO14001, we
identify the laws and ordinances of individual regions thatare related to our business activities, and watch for any
amendments to ensure full compliance.

Meiko conducted an assessment of the environmental
impact of our corporate activities. As a result, we foundthat the types of energy that have a significant impact on
the environment including electricity, heavy oil, gas, andgasoline. Also closely related to environmental impact are
resources such as raw materials, water, and paper, andwaste, including plastic waste, sludge, waste acid, andwaste alkali. Given these results, we have been taking
actions under a new medium and long-term plan from
Fiscal 2012. During Fiscal 2012, production efficiency
deteriorated due to production adjustments and theeconomic downturn. A particular result of this is that thequantity of energy consumed per reduction volume
increased. We aim to improve production efficiency,
conduct further energy saving initiatives, and makesteady reductions in per production volume metrics.

Prevention of Global Warming
Meiko views the issue of greenhouse gas as a significant threat to our precious
earth. We have focused on the reduction of CO2 emissions, and to this end wehave held a regular Energy Saving Committee since Fiscal 2009 throughout thecompany via television conferences in which we share information on energy
saving improvement plans and improvement examples for each factory/plant.
Accompanying the expansion of production base and production
adjustment due to the slowdown of economy, total CO2 emissions as well as
CO2 emission per production volume increased for Fiscal 2012. We will continue
to reduce CO2 emissions with further initiatives, particularly those involving
efficient operation of facilities.

Water consumption
A large amount of water is used in the manufacture of
PCBs for cleaning. We have reduced the amount of waterused by managing the amount used at each facility andusing reverse osmosis (RO) water. We carried out ourefforts to use the minimum amount of water required tomaintain product quality in each process and to use
discharged water through the introduction of a reverse
osmosis system. These efforts have proven effective inachieving reductions.

We have been reducing waste based on the 3R strategy(reuse, reduce, and recycle). Continuing on from Fiscal
2011, efforts were actively made to recycle wastes into
Energy Saving Committee

Changes in usage amount of environmental resources

2 Yamagata Factory
Compressor air usage reduction through usage of air
saving units(based on the figure for Fiscal 2008 set to 1.0)
Total amount of emissions
Rate of emissions per■ (1,000
tons of CO2)
production volume
400
2.0

Before installation

After installation

2.0
1.5

1.0

200

1.0

5,000

1.0

100

0.5

100

0.5

2,500

0.5

0

0

0

0

0

2008

2009

2010

2011

2012

2008

2009

2010

2011

■Changes in our natural gas consumption■Changes in our gasoline consumption

consumption■ Total(1,000m3)

consumption■ Total(1,000ℓ)(based on the figure for Fiscal 2008 set to 1.0)
Rate of consumption per
production volume

2.0

10,0002012(based on the figure for Fiscal 2008 set to 1.0)
Rate of consumption per
production volume

200

2008

2009

2010

2011

2012

0

■Changes in our water consumption

2.0

consumption■ Total(1,000m3)
10,000(based on the figure for Fiscal 2008 set to 1.0)
Rate of consumption per
production volume

2.0

7,500

1.5

150

1.5

7,500

1.5

5,000

1.0

100

1.0

5,000

1.0

2,500

0.5

50

0.5

2,500

0.5

0

0

0

0

0

2008

2009

2010

2011

2012

2009

2010

2011

2012

2008

2009

2010

2011

2012

0

Rate of consumption per
production volume

2.0
1.5

6,000

1.0

3,000

0.5
2008

2008

(based on the figure for Fiscal 2008 set to 1.0)

9,000

0

Time

Rate of consumption per
production volume

200■Changes in our photocopying paper consumptionTime(based on the figure for Fiscal 2008 set to 1.0)

7,500

consumption■ Total(thousand sheets)
12,0000Rate of consumption per
production volume

1.5

OutputReduction

2.0

consumption■ Total(1,000ℓ)
10,000(based on the figure for Fiscal 2008 set to 1.0)300

OutputContinuous, unvarying output■Changes in our heavy oil consumption

consumption■ Total(Million kWh)
400

1.5

（kwh）

Intermittent output, withoutchanging output levels■Changes in our electricity consumption

300

After improvement

0.5

25

■Changes in the amount of our CO2 emission

Before improvement

1.0

Meiko is using Kanagawa Prefecture’s “waste exchangesystem” to reuse waste products.
The “waste exchange system” is a system thatcollects reusable but no longer necessary items frombusinesses operating in the prefecture, and providingthem free of charge to other businesses via the
Chambers of Commerce in each municipality.
The Kanagawa Factory has a local business pick up
its unneeded wooden pallets, allowing approximately
3 tons of what would otherwise have been waste to
be reused.
By using this system, the Kanagawa Factory has
reduced its waste wood disposal volume to 1/6 ofprevious levels.

Reduction and recycling of waste

Power usage per press

Reduction of
approximately
47.8%

Kanagawa Factory

Utilization of “Waste exchange system”

We have been making comprehensive efforts byemploying electronic media for all company data,
eliminating unnecessary copying, and introducing
electronic certification system, etc., to help protect forest
resources.

Compressor air is used by several processes when manufacturing
PCBs.
The amount of compressor air used within the factory iscontrolled based on equipment, purpose, and the type of valvesand solenoid valves it is used with.
In the past, this control approach used an unvarying output
level, but by installing air saving units, we have been able toproduce intermittent output without changing output levels.
Through this, we reduced compressor air usage, saving 127,200
kWh of electricity per year.

1.5

Examples of waste reduction efforts

Paper consumption

Heating platen presses are used in the manufactureof our multi-layer PCBs.
These presses are controlled with hydraulicpumps, with electromagnetic relief valves which
release hydraulic pressure.
The hydraulic pumps have far more thansufficient capacity to handle even maximum press
pressure, and this excess capacity is wasted energy.
By installing inverters in the hydraulic pumps toreduce their output, we reduced per-press power
consumption by approximately 48%.

2.0

* “Recycling” above includes thermal recycling.
*	The recycling rates at our plants in China (Guangzhou and Wuhan) and
Vietnam are excluded.

*	RO water refers to water purified using reverse osmosis. It is used forcleaning the PCBs.

Ex a mp l e s of energ y saving improvements

1 Fukushima Factory
Energy savings through the installationof inverters in hydraulic press pumps

valuable resources. The recycling rate of waste, thepercentage of waste that was used for purposes otherthan landfill, exceeded 99% at our plants in Japan in Fiscal
2012.

Environmental ReportComplying with environmental laws and Ordinance

2009

2010

2011

2012

0

*	Guangzhou Plant switched from heavy oil to natural gas from Fiscal 2010.
*	Although the Miyagi Plant results are included in the data up until Fiscal 2010, operations at the
Miyagi Plant were suspended in Fiscal 2011 and 2012 due to the Great East Japan Earthquake.
*	Results of the Vietnam Plant are included in the data from Fiscal 2012.

CSR Report2013

26

Preventing pollution of the ecosystem

Table showing environmental burdens
At Meiko, we take measures to gain an understanding of the full scope of our environmental burdens. The table below
shows our environmental burdens for Fiscal 2011. We will aim to achieve greater by accurately classifying the inputs into
energy, water, materials, and chemical agents, and the outputs into atmospheric release, water discharge, waste andresources, and recycling.

Meiko is aware of the significance of the impact of its plant operations on the local environment and believe it has a duty
to reduce these burdens. Specifically, we comply strictly with laws and ordinances for preventing pollution and thestandards agreed on with local communities. We are also striving to reduce the total emissions, water consumption, andpaper consumption confirmed in accordance with the PRTR Act.

Environmental burdens of our business activities
Scope: Headquarters and the 6 major plants Period: Fiscal 2012 (April 1, 2012 - March 31, 2013) Outline of business: Manufacture of PCBs

INPUT

Activities for reducing environmentally hazardous emissions
We control the quality of the water we discharge and the state of the gases we emit into the atmosphere by measuring
them on a regular basis to help maintain the local environment. The table below shows the levels of the substances wehave emitted from our plants, all of which are below the standard.

Electricity

Energy input■Measured values for discharged water quality and atmospheric measurements
Water quality
Plant name

Kanagawa
Plant

Fukushima
Plant

Yamagata
Plant

Vietnam
Plant

●

●

27

BOD

COD

SS

Measurement
unit

―

mg/L

mg/L

mg/L

Actual value

8.4

18.0

9.0

―

Standard
value

5.7〜8.625

25

Equipment

Substance
Measurement
unit

g/m3N

v/vppmActual value

0.003

58.0

70

Standard
value

0.3
Air Pollution
Control Act

180
Air Pollution
Control Act

Measurement
unit

g/m N

v/vppmActual value

0.033

57.0

Steam boiler

Measurement
unit

―

mg/L

mg/L

mg/L

Actual value

8.1

19.0

10.4

1.2

Standard
value

5.8〜8.6

25

25

70

Standard
value

0.3
Air Pollution
Control Act

180
Air Pollution
Control Act

Measurement
unit

―

mg/L

mg/L

mg/L

Measurement
unit

g/m3N

v/vppmActual value

7.2

18.0

23.0

9.0

Actual value

0.006

52.0

Standard
value

5.8〜8.6

25

160

60

Standard
value

0.3
Air Pollution
Control Act

180
Air Pollution
Control Act

Measurement
unit

―

mg/L

mg/L

mg/L

Measurement
unit

mg/m3N

mg/m3N

Actual value

7.5

49.2

161.0

39.0

Actual value

26.8

118.7

Standard
value

6〜9

300

500

400

Standard
value

National std:
100
Local std: 80

400

Measurement
unit

mg/m N

mg/m N

Actual value

42.5

184.0

Steam boiler

Steam boiler

boiler3

Measurement
unit

―

mg/L

mg/L

mg/L

Actual value

7.2

10.0

55.4

30.0

Standard
value

6〜9

20

80

50

Standard
value

50

400

Measurement
unit

―

mg/L

mg/L

mg/L

Measurement
unit

mg/m3N

mg/m3N

Actual value

8.2

22.0

59.0

15.0

Actual value

62.7

27.0

Standard
value

6〜9

30

75

50

Standard
value

200

850

Steam boiler

boilerResources

Nitrogen oxide
Soot and dust
concentration
concentration
(NOx)

3

The water quality measurement items are partial disclosures of the living environment items of the Water Pollution Control Act.
The water quality measurement values are maximum values.

3(MWh) 375,510

Heavy oil

(kℓ)

1,310

Natural gas

(km3)

9,822

Light oil

(kℓ)

1,501

Gasoline

(kℓ)

147

Water

(km3)

8,546

Photocopying paper(thousand sheets)

8,263

Chemical substances PRTR substances(t)

CO2 emissions

(kt)

343

NOX emissions

(t)

34

Soot and dust

(t)

4.1

PRTR substances

(t)

3.2

Discharge into PRTR substances
water table

(t)

0.26

Amount of waste generated (t)3,260AtmosphericreleaseChemical substances Amount of chemical

15

substances discharged (t)322Management of Chemical Substances Contained in Products
In accordance with our Environmental Action Guidelines, we strictly manage our production process in accordancewith our chemical substance control rules that stipulate prohibited substances to ensure that our products do notcontain hazardous substances prohibited by the RoHS Directive and other laws and regulations. We request that ourbusiness partners submit environmental data such as guarantees of non-use and analysis reports, so that we canproperly communicate this information in response to our customers’ requests for research.
■Management system for chemical substances contained in products
Environmental contract

MeikoEnvironmental audit

・Chemical substance control for purchased goods
・Green procurement standard
・Environmental assessment of business partners
・Environmental data management
・Product environmental survey

Environmental data
Guarantee of non-use
Tables of ingredients
Analysis reports

Environmental demands
Communication of information

Customers

Wuhan
Plant

pH

Business partners

Guangzhou
Plant

Atmosphere

OUTPUT

Environmental Report

Measures for Reducing Environmental Burdens

Rules for chemical substances contained in products* RoHS Directive: An EU regulation on hazardous substances used in electrical and electronic equipment* ELV Directive: An EU directive aimed at reducing the burden of end of life vehicles (ELV) on the environment* REACH Regulations: An EU regulation aimed at protecting people’s health and the environment Chemical substance◆Employee’s VOICE◆◆◆◆◆I work in Environmental Management Department at Vietnam Plant, responsible for environmental facilities, suchas wastewater processing, exhaust gas processing, and purified water manufacturing facilities and waste
management. As a member of the environmental auditing office, I help promote environmental standard
compliance activities. Every six months the manufacturing scale of the Vietnam Plant is increasing, and ourenvironmental facilities are updated each time to accommodate theexpansion. Our plant is the youngest of Meiko’s three overseas plants,
Vietnam Plant, Environmental Facilities
and we plan to look to examples provided by the other plants to raise Management Department, Environment Section
Truong Quy Son
our own level of environmental conservation.
CSR Report201328

Management Report

Internal Control
Major Acti vi ti es i n 2 0 1 2● Compliance with J-SOX● Promotion of internal control based on the Companies

Act

Future P l a n s● Perform J-SOX evaluation of Chinese subsidiaries in

Chinese language● Addition of consolidated overseas subsidiaries (Vietnam

Plant)

To ensure that operations are efficient andappropriate, Meiko has improved its transparency
and established a management framework thatwill earn the trust of its stakeholders, establishinga system that allows audits and internal control tofunction appropriately.

● Establishment of internal control based on the

Companies Act, and implementation in overseas
factories

Our corporate governance system includes external directors, audit & supervisory board members as corporate
monitoring function, accounting auditors, and the Internal Audit Department for ensuring fair management andhigh level of transparency. These coordinate with each other to establish corporate governance.
Internal control, as part of corporate governance, is essential for ensuring increased management efficiency andthe fairness of all company activities. The effectiveness of Meiko’s internal control is evaluated, and the results ofthese evaluations are used to make further management improvements. This is our mission to fulfill our corporatesocial responsibility and we, as the Meiko Group, will promote these activities.

Board of Auditors. The Internal Audit Department
improves and expands our internal check system andensures that corporate governance and compliancefunction effectively based on the policy for our internal
control system.

Our organization
At the Meiko Group, the Board of Directors is the principal
decision-making body.
Our auditors audit and check the execution of duties
by each Director in accordance with the policies of our

Corporate Governance Framework at Meiko

Appointment/
Dismissal

Accounting Auditor

Board of Directors

Supervision

Our Board of Directors passes resolutions and seeks torefine the following aspects of our system (Basic policy
on Internal Control System) for ensuring proper
operations in accordance with the Companies Act andOrdinance for Enforcement of the Companies Act.
Basic Policy on Internal Control System
1. A system for ensuring that the duties of our Directors
and employees comply with laws and regulations andour Articles of Incorporation
2. A system for ensuring that the duties of our Directors are
executed efficiently
3. A system for storage and management of information
concerning the execution of duties by our Directors
4. A system regarding rules, etc. on the management of therisk of loss
5. Improvement of the auditing environment for our
Auditors
6. A system for ensuring proper operations by Meiko
Electronics Co., Ltd. and its Group companies

Shareholders’ Meeting
Appointment/
Dismissal

Internal Control System

Appointment/
Dismissal

Board of Auditors

SelectSupervision
Cooperation

President & CEO

Internal Control Committee
Compliance Committee

Internal auditing

General Affairs
Headquarters

Finance
Headquarters

Operating
Headquarters

Japan Sales
Headquarters

Overseas Sales
Headquarters

Production
Headquarters

Research andDevelopment Group

Associated Business
Headquarters

29

Internal Audit Department

Risk Management Committee

Internal control concerning financial reporting
At Meiko, under the Basic Policy on Internal Control
System shown above, we developed policies and plansconcerning the policy, procedures, and methods ofevaluating our internal control, the framework ofevaluations, scope of evaluations, schedules of
evaluations, and recording and storage of evaluation
outcomes. We have established a framework forevaluations to be led by management. In this process, wefollowed the Practice Standards for Management
Assessment and Audit concerning Internal Control overFinancial Reporting set by the Financial Services Agency.

Based on these policies and plans, we again evaluatedin Fiscal 2012 the effectiveness of our Companywide
internal control (including account settlement andfinancial reporting processes) which would have asubstantial influence on our overall consolidated financial
reporting. Based on the outcome, we evaluated theeffectiveness of our IT control and internal control, whichis incorporated in our business process and executed in
an integrated manner (internal control concerningbusiness processes including account settlement,
financial reporting, sales and inventory management,
and purchases).
All issues with our internal control identified throughthe evaluation processes were rectified during the term.
As a result of these processes, we stated that “Ourinternal control over financial reporting has beeneffective” in our internal control report for Fiscal 2012,
and received appropriate opinions from our auditors.
We have submitted our internal control report andfinancial reports for Fiscal 2012 to the Kanto Finance
Bureau following a resolution by the Board of Directors.

Management Report

Corporate GovernanceInternal Control of the Meiko Group in Fiscal 2012
Internal Control
Committee●

Assistance inimprovinginternal control,
preparations forevaluations, andcreation of reports

Board of Directors●●

Passing resolutions
on internal control
policies
Passing resolutions
on the improvement/
promotion of internal
control

Board of Auditors●

Audits andvalidates of theeffectiveness ofinternal control

President●●

Operations and directions concerning internal control
Confirmation of the effectiveness and coordination of internal control

Group companies’ departments responsible for implementing internal control

CSR Report201330

Major Activities in 2012

F u tu r e Pl ans● Revised Compliance Regulations● Confirm and review Compliance Regulations in the● Reviewed Compliance Handbook

overseas factories● Increase awareness and understanding of ComplianceHandbook (in Japan and overseas)

Meiko positions compliance as a critical aspect of management. Each of our employees complies with laws andordinances, social ethics, and morals in their work. We have codified our standards in the Corporate Charter of the
Meiko Group and the Code of Conduct. We also explain the framework of our activities in our Compliance
Regulations, while the Compliance Handbook shows more specific compliance rules to be observed by the Company
and its employees.

Compliance Regulations

Compliance Handbook

The regulation rules, systems, and procedures regarding
compliance rules of the Company and its affiliates are
stipulated in the Compliance Regulations which explainsin detail the rules to be observed by the executive andemployees.

In order to raise awareness, the Company’s own uniqueCompliance Handbook is distributed to all executives andemployees, which can be accessed on our in-house
website and education program is also implemented
using e-learning.

1. Compliance for our customers(1) Confidentiality obligation(2) Sincere attitudes(3) Product liability(4) Eliminating inappropriate relationships with customers(5) Prohibiting transactions based on personal considerations

2. Compliance for our suppliers

3. Compliance for our investors(1) Disclosure of appropriate corporate information(2) Correct recording(3) Comprehensive internal auditing

4. Compliance for our community(1) Compliance with related laws and ordinances, etc.
(2) Compliance with the Antimonopoly Act(3) Compliance with the Act against Delay in Payment of
Subcontract Proceeds, Etc. to Subcontractors(4) Compliance with laws and ordinances on insider trading(5) Respect for intellectual property rights(6) Confrontation with antisocial forces(1) Respect for human rights(2) Prohibition of sexual harassment(3) Prohibition of power harassment(4) Protection of personal information(5) Compliance with labor laws

6. Compliance for the profits and assets of the Company(1) Compliance with internal rules(2) Prohibition of conflicts of interest(3) Respect for the Company’s assets(4) Fair reporting of expenses

31◆VOICE from Person in Charge◆◆◆◆◆

The Meiko Group complies with laws and ordinances, andinternal regulations, led by the spirit of the Company,
encapsulated in our Business Principles and Corporate
Charter. Our company activities place heavy emphasis onsocial and corporate ethics.
Our compliance initiatives are not meant merely toprevent misconduct and incidents, but to help us carry out
our responsibilities as members of society, earning the trustof our customers, shareholders, investors, business partners,
local communities, and employees. We consider thesecompliance initiatives to be essential to our continuingbusiness operations.
Our Group has both large scale manufacturing sites in
China and Vietnam, as well as sales bases in the Americas,
Europe, and ASEAN countries, and our stakeholders possess
an extremely diverse set of values. This is why it is extremely
important for us to cultivate a high level of ethics and spiritof legal compliance worldwide.
We will continue coordination between the departmentsin charge at each of our sites
and committees of experts,
such as the Compliance
Committee, and provide
ongoing, systematic education,
training, and awareness raising
activities aimed at both
executives and employees inorder to build an even more
General Manager ofrobust compliance system.

Antisocial forces
Meiko refuses to have anything to do with any individuals
and organizations perceived as antisocial forces thatthreaten the social order and safety, not only its
attributes, but pursuit of economic gain using violence,
force or fraudulent techniques or its use, and is resolutely
determined to work in close cooperation with external
dedicated institutions such as the police in accordancewith “Regulations for dealing with antisocial forces” andvarious “Manuals.”Compliance Handbook

The Compliance Committee has been established as anorganization that ensures compliance is being faithfully
conducted throughout the Meiko Group. The Committee
is convened regularly every year or as otherwise requiredby the Compliance Officer and Administrative Section(General Affairs Department), with activities focusing on
the General Affairs Officer, the Business Management
Officer, the Auditors, and other responsible executives
from the relevant departments.

General Affairs
Department

Hidetaka
Maruyama

Provision of compliance education
At Meiko, we provide compliance education because webelieve that the idea of compliance will be effective only
when it is adopted by all executives and employees
across the entire organization.
We issue warnings on insider
trading to all employees at thetime of quarterly settlement. In
addition, efforts are made toraise awareness by providing
examples of complianceviolations, in our newslettersand on our in-house website.

Organizational Chart on Compliance
Board of Directors
Reports

Corporate lawyer

5. Compliance for our employees

We have introduced a whistleblowing system (Helpline),
which permits our employees to report violations or
possible violations of laws, ordinances, or otherregulations without hesitations. We protect informationand conduct fact-finding with particular care so as toprotect whistleblowers from any disadvantages.
Whistleblowers can choose to remain anonymous.

Compliance Organizations

Compliance Manual (Areas Requiring Compliance)(1) Fair selection of business partners(2) Prohibition of requests for kickbacks(3) Prohibition of excessive gifts and entertainment(4) Prohibition of the reception of other conveniences andfacilities

Introduction of the Help LineManagement Report

Measures for Ensuring Compliance

Instructions

Reports

Instructions

Compliance Committee
Administrative Section

Cooperation

Reports

In-house newsletter

Board of Auditors

Instructions

Helpline

Whistleblowing

Departments and employees at Headquarters and affiliates

CSR Report201332

Major Activities in 2012
● Headquarters, Guangzhou, Wuhan: Renewed ISO27001

certification

F u tu r e Pl ans

To protect customer information and maintain stablecorporate activities, security measures to protect our
information assets from threats are vital.
To this end, Meiko Electronics Co., Ltd. has instituted
the following policy on information security.
1. We protect customer information and in doing so build
trust with our customers in accordance with one of ourBusiness Principles, namely, “ We will provide ourcustomers with outstanding value and services and makea contribution to society.”
2. We maintain and improve our corporate ethics and fulfill
our corporate social responsibility by adopting
information security measures and complying with
relevant laws and ordinances.
3. We secure the resources needed to sustain our corporate
activities.
4. To facilitate information security action, we ensure andcontinuously improve our I nformation Security
Management System (ISMS).

Protecting customer information
Protecting the confidential information of our customers
is the most fundamental requirement. We tak e
c o m p re h e n s i ve m e a s u re s to p ro te c t c u s to m e r
information in accordance with Section 1 of ourInformation Security Policy.

Information security lecture

33

Future P l a n s● Deployed safety confirmation system in all domestic● Perform regular company-wide safety confirmation drills

certification● Carry out IT business continuity plan drillGroup companies, and for employees stationed overseas● Carried out full overhaul of BCP, envisioning risks specificto domestic and overseas Group companies(twice a year)● Perform practical drill on establishment of an Emergency
Headquarters in the event of an earthquake directly
striking Tokyo

Protection of personal information
To comply with laws concerning the protection of
personal information and to handle personal information
appropriately, Meiko has adopted the “Personal
Information Protection Regulations.” Based on theseregulations, we handle information with particular care.

Past information security initiatives
At Meiko, we receive important information from
customers. We therefore recognize the importance of
information security, and the Information System Divisionof our Headquarters obtained ISO27001 certification in2006. Since then, we have been taking steps so that our
entire company can obtain the certification.
January
2006

The Information System Division of our
Headquarters obtained BS7799-2 certification.

October2009

Four applicable departments at Wuhan Plant in
China obtained the certification.

December2010

Six applicable departments at the Guangzhou
Plant in China obtained the certification

November
2012

Renewal of ISO27001 certification has been
completed for business locations in Japan.

Future information security initiatives

Information Security Education
At Meiko, we hold an annual training program on
information security through e-learning and lectures so
as to ensure that internal rules are thoroughly complied.

Major Acti vi ti es i n 2 0 1 2● Headquarters, Guangzhou, Wuhan: Renew ISO27001

Our business is the manufacture and sales of electronic PCBs. To continue our business, we believe that it is essentialthat our customers have faith that our information security is sufficiently reliable that we will never leak important
information.
As a company-wide initiative on information security, we have obtained ISO27001 certification in Information
Security Management System (ISMS), with which we will strengthen information management systems with ourcustomers.
Information Security Policy

Measures for Risk Management

We will continue to strive to expand the scope of ourcertification. ISMS has been introduced for all domestic
production, sales and R&D bases, and overseas
Guangzhou, Wuhan and Vietnam production
departments.

Meiko has created a set of Crisis Management Regulations and also Emergency Manual, which assume a variety ofrisks associated with environments, disasters, quality and information security. We have also created a BusinessContinuity Plan (BCP) to minimize impact on the customer's production plan in preparation for emergencies. As ameasure to prevent information related crises, we have set up a server at the Yamagata Factory as well as at
Headquarters and we constantly back up our data to the additional server.
In the event of a disaster or accident, we will immediately set up an Emergency Headquarters led by the President& CEO, and we have prepared an organization to determine the cause, assess the situation and take comprehensive
future measures, to quickly cope with risk and prevent reoccurrence.

Type of crises and risks
Many risks could potentially affect the Meiko’s operating
environment, including risks of natural disasters such as
earthquakes and tsunamis, changes in the management
environment such as currency fluctuations and changes
in macroeconomic conditions, and country risk atoverseas bases relating to politics, economics, andinfrastructure. Meiko has created Business Continuity Plan
(BCP) for each factory/plant in preparation to each ofthese risks, and will continue to make improvements inthe future in reflection of the lessons learned in the Great
East Japan Earthquake.

Introduction of employee safety
confirmation system
We introduced a safety confirmation system for all
employees in Group companies in Japan, as well as
employees stationed overseas, in order to confirm thesafety of employees and convey information in the eventof an earthquake with a seismic intensity of 5 lower orhigher, or other disasters or accidents. In Fiscal 2013, we
will perform company-wide educational training on aregular basis, including employees working outside theoffice, to ensure that all employees can make full use of
the system.

Creation of Group BCP
We overhauled our former BCP, based on what welearned from the Great East Japan Earthquake. This
process included business impact analysis, the setting ofrecovery time objective (RTO), initial emergency response
system simulation, and the creation of manuals for eachsite. We will continue to regularly perform BCP reviews aswell as simulation drills, equipment and supply
preparation, and employee awareness raising in order toensure that BCP can be carried out smoothly.

■Risk factors(1) Downturn in profitability(2) Competitive advantage(3) Market disruption(4) Decline/fluctuation in stock price
1. Management (5) Shareholder lawsuit(6) Overstepping of authority(7) Unstable labor-management relations(8) Labor shortages(9) Violations of laws or ordinances

2. Information(1) Leakage of important or confidential information(2) False information(3) Data falsification(4) Loss of information concerning customer, supplier, etc,
(5) Internet harassment

3. Plants andfacilities(1) Damage to major plants and facilities(2) Damage to the supply route of major raw materials(3) Closure of major plants or facilities(4) Disruption to major plants

4. Human
resources(1) Estrangement of core management personnel or staff(2) Increase in absence without permission(3) Illegal acts
(4) Increases in accidents(5) Violence and blackmail in the workplace(6) Discrimination and sexual harassment

5. Trust(1) Slander(2) Gossip(3) Falsification of corporate logo
(4) Problems related to intellectual property right(5) Collapse of credit(6) Pollution/environmental problems

6. Antisocial
acts(1) Product tampering(2) Kidnapping(3) Threats to business or intimidation(4) Terrorism(5) Connections with antisocial forces(6) Wars

7. Natural
disasters(1) Earthquakes and tsunamis(2) Fires(3) Floods(4) Typhoons(5) Lightning strikes, blackouts

Management Report

Measures for Information Security(1) Organizational culture(2) Insufficient systems for internal checks
8. Organization (3) Deviations from standards and regulations(4) Dishonest acts
(5) Overseas risks

CSR Report201334

Corporate Profile (As of June 26, 2013)
Five-year Financial Summary
Headquarters 5-14-15, Ogami, Ayase, Kanagawa, Japan 252-1104
Plants● Kanagawa Factory

5-14-15, Ogami, Ayase, Kanagawa, Japan 252-1104

Capital10,545.63 million yen

Executives

Yuichiro Naya,● Fukushima Factory

1-2, Iwasawa, Kamikitaba, Hirono-cho, Futaba-gun, Fukushima
Prefecture, Japan 979-0401
8-5, Shigeyoshi-cho, Ishinomaki, Miyagi, Japan● Yamagata Factory (Yamagata Meiko Electronics Co., Ltd.)

250, Maki, Yachi, Kahoku-cho, Nishimurayama-gun, Yamagata, Japan
999-3511● Ebina Office1012, Kamigo, Ebina, Kanagawa, Japan 243-0434● MEIKO Research and Development Center

Director and Senior
Managing Executive Officer

Takahide Hirayama,

Director and Senior
Managing Executive Officer

Masakuni Shinozaki,

Director and Senior
Managing Executive Officer

Tetsuro Suzuki,

Director and Managing
Executive Officer

Haruyuki Naya,

Director

Kunihiko Sato,

Director

3-35-6, Sugikubo-minami, Ebina, Kanagawa, Japan 243-0414
1-2-1, Shibuya, Yamato, Kanagawa, Japan 242-0023● Guangzhou Plant (Meiko Electronics (Guangzhou Nansha) Co., Ltd.)

No.2 Guangsheng Road, Western Industrial District, Nansha Economic andTechnological Development Zone, Guangzhou, Guangdong Province, P. R. China● Wuhan Plant (Meiko Electronics (Wuhan) Co., Ltd.)

No.9 Shenlong Road, Wuhan Economic and Technological
Development Zone, Hubei Province, P. R. China

Fiscal 2011

Fiscal 2012

Net sales

75,806

69,82374,72462,97260,709Operating income

1,760

3,793

3,297

812

(605)

2.3

5.4

4.4

1.3

(1.0)

522

1,828

(3,094)

1,158(1,567)

Operating margin(%)

Net income (loss)
Net margin(%)

Net income (loss) per share

5.0

(8.7)

3.4

(4.4)

0.6

2.1

(3.5)

1.3

(1.6)

Changes in consolidated net sales

Changes in consolidated ordinary income

Changes in ROE/ROA(Millions of yen)
100,000(Millions of yen)
4,000

(%)
10

ROE

5

1.5

0

Yasunobu Koshimura,

Auditor0-1,000

Product Lineup that Meet the New Needs of Our Changing World
Aluminum Base Heat Dissipation PCB
Aluminum base heat dissipation PCBs are
long-lasting and contain no har mfulsubstances, and are used for mounting
environmentally friendly LED chips. They areused in home and office lighting, as well as
LCD television backlights.

AnyLayer PCB
AnyLayer PCBs are HDI PCBs which permit
unlimited connections
between layers thanks to
cutting edge technologies
such as ultraprecise CO 2
lasers and filled plating.
These PCBs are mainly usedin smartphones.

(2.6)(83.52)

1.5

20,000

4-9-14, Naka-machi, Atsugi, Kanagawa, Japan 243-0018

1.8
61.73

(%)

Auditor● M. D. Systems Co., Ltd.

—
(166.32)(%)

Hiroshi Tsukii,

Development, manufacturing, and sales ofelectronic equipment

2.6
107.39ROA

1,000

Design, manufacturing, and sales of PCBs

0.7
30.71

ROE

40,000

Lot LD4, Thach That -Quoc Oai Industrial Zone., Hanoi

35

Fiscal 2010

Senior Corporate Auditor● Vietnam Plant (Meiko Electronics Vietnam Co., Ltd.)HDI PCBs are made by creating conductive
patterns on insulation layers, and then stacking
these layers to create a multi-layer board. The
ability to place wires above connections on otherlayers makes it possible to achieve high density
and integration. These PCBs can be used in
mobile phones, digital cameras, and otherdevices which require high density wiring within
a limited amount of space.

Fiscal 2009

2,000

No. of
9,966 (Japan: 807; Overseas: 9,159)
Employees *As of March 31, 2013
Main
Business

Fiscal 2008

80,000 75,806 69,823 74,724
62,972 60,709
60,000Hitoshi Iyomoto,● Yamato Technology Center

President & CEO

Seiichi Naya,● Ishinomaki Factory

HDI PCB(Millions of yen)

Established November 25, 1975

Fiscal 2008 Fiscal 2009 Fiscal 2010 Fiscal 2011 Fiscal 2012

Sales composition by printed wiring board (PCB) type (Fiscal 2012)

Others 3%
DSC/AV 4%
Amusement 5%
Flat-screenTVs 6%
Officeequipment
7%
PC/HDD 8%

Other than PCB 7%
Automotive
46%

2,695

3,000

953

2,127

0

222

△386

Fiscal 2008 Fiscal 2009 Fiscal 2010 Fiscal 2011 Fiscal 2012

Sales composition by region (Fiscal 2012)

North America 2%
China 3%
Korea 11%

Telecommunication
14%

Europe 6%
Japan 78%

-5
-10

ROA

5.0
0.6

2.1

3.4
△3.5

1.3

△1.6

△4.4
△8.7
Fiscal 2008 Fiscal 2009 Fiscal 2010 Fiscal 2011 Fiscal 2012

Sales composition by product (Fiscal 2012)

Heat Dissipation
PCB 2%
FPC・F/R 2%
Double-sided
PCB 11%
Six-layer
or more PCB
18%

Others 7%
Four-layer
PCB 36%HDI PCB 24%

Meiko’s PCBs contribute to a richer society and more comfortable lives.
High Electric Current PCBHigh electric current PCBs are used in
products which use large amounts ofelectricity, such as solar power
generation equipment and highpowered eco-friendly car motors.
Their copper circuit patterns are
far thicker than those of
conventional PCBs.

Module PCB
Module PCBs are ultra-thin HDI PCBs which
support bare chip mounting and highdensity mounting. They are used inpack age modules such astransmission and camera
modules.

Double-sided/Multi Layer PCB
There is a variety of double-sided, multi-layer PCBs, from twolayer PCBs to ten layer PCBs, from standard PCBs to PCBs withspecial highheat dissipationor physicalcharacteristics,
to suit a wide
range ofapplications.

Embedded Passive Devices PCB
Embedded passive devices PCBs contain embedded devices such as
chip condensers and chip
resistors. The use the shortest
possible wiring distance
between surface mounted ICs
and embedded passive device
P C B s to i m p rove e l e c t r i c a lcharacteristics.

CSR Report201336