M E I KO C S R R E PO RT

2019

MEIKO CORPORATE SOCIAL RESPONSIBILITY

Meiko’s ethical businesspractices are known throughout
the world.
Meiko’s CSR Declaration
Meiko’s Business Principles and activities alignwith the global social responsibilities
and in turn support an environmentally sustainable society■CSR promotion framework
Our CSR promotion framework is
m a d e u p o f s i t e - s p e c i fi c
committee members representing
individual plants, sales offices andother premises and area-specificcommittee members operating on agroup wide basis. This makes it
possible to organize activities
covering all areas of the group’s
operations in line with our CSR
Declaration and respond in goodfaith to input from our stakeholders.

CSR promotion framework
Secretariat

Board of Directors

Environmental Management Subcommittee
President & CEO

Quality Assurance Subcommittee
CSR Officer

Information Security Subcommittee
Compliance Subcommittee

Area-specific committee
members
Site-specific committee
members

Risk Management Subcommittee
Human Rights and Safety Management
Subcommittee
Social Contribution Subcommittee
Corporate Governance Subcommittee
Supply Chain Subcommittee
Technology and Development Subcommittee
News Reports■Conducting CSR activities
throughout our value chain
Meiko fulfills its corporate social
responsibility in the full range of its
business activities, throughmaterials procurement andmanufacturing, as it delivers
products to customers, andachieves further improvements
through research and development.
By conducting consistent CSR
activities throughout our value
chain, Meiko strives to conduct its
business activities in a manner
worthy of the trust of all relevant
stakeholders.

1

Manufacturing and quality assurance
Recycle and reuse
Materials procurement

Research and development

Sales

MarketingEditorial policy
In publishing the CSR Report 2019 (English version)
We published CSR Report 2019, our twelfth CSR report, consisting of Message from the President, Sociality
Report, Environmental Report and Management 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 your trust by acting responsibly as a good
corporate citizen.
●Intended audience
All stakeholders with an interest in Meiko Electronics

31, 2019). Sections outlining past activities mightCo., Ltd.

provide the latest information, this report might also

include details relating to prior periods. Similarly, to●Coverage
Meiko Electronics Co., Ltd. and affiliated companies

contain details occurring after April 2019.
●Reference guidelines“Environmental Reporting Guideline (Fiscal Year 2018

●Reporting period
T h i s re p o r t p r i m a r i l y re f e r s t o C S R a c t i v i t i e s

Version)” (Ministry of the Environment)

undertaken during Fiscal 2018 (April 1, 2018 to March

GRI “Sustainability Reporting Standards 2016”31, 2019). Sections outlining past activities might●Date of publication
This report: February 2020

include details relating to prior periods. Similarly, toprovide the latest information, this report might also

* For the purposes of this report, “Meiko” refers to thecontain details occurring after April 2019.

M e i k o G ro u p a s a w h o l e , c o n s i s t i n g o f M e i k o●Reference guidelines
T h i s re p o r t p r i m a r i l y re f e r s t o C S R a c t i v i t i e sElectronics Co., Ltd. and its affiliated companies.

undertaken during Fiscal 2018 (April 1, 2018 to March■ISO26000 Comparison

INDEX

Consumer Issues

Human Rights

Labor Practices

Fair Operating Practices●For Customers→P5●For Employees→P11●For Employees→P13●For Business Partners→P9●For Shareholders and Investors→P14

The Environment

Community Involvement
and Development●For Local Communities→P15

Organizational Governance●Basic Environmental Plan→P17●Corporate Governance→P25●System for Complying with Environmental●Internal Controls→P26

Laws and Ordinances→P18●Compliance→P27●Prevention of Global Warming→P19●Information Security→P29●Cyclical Use of Resources→P21●Risk Management→P30●Prevention of Contaminating the

Ecosystem→P22●Management of Chemical Substances

01 Meiko’s CSR
03 Message from the President
05 Social Report
For Customers
For Business Partners
For Employees
For Shareholders and Investors
For Local Communities
17 Environmental Report

Contained in Products→P23■ EICC Framework

Four aspects＋
Aiming for a sustainable working environment throughthe management system

Labor

Environmental protection

Protection of dignity of,
and respect for, employees

Consideration for
the global environment

Management System
Health and Safety

Ethics

Evaluation andmanagement of risks

Maintenance of a high levelof ethical standards

Uniform standards by the industry
1. Simple
2. Efficient
3. Widely applicable in the industry

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
25 Management Report
Corporate GovernanceInternal Control
Compliance
Information Security
Risk Management
28 Corporate Profile

CSR レポート 20192

Message from the President

Realizing a sustainable society
through manufacturing
A company is closely tied to the communities and regions inwhich it operates, as well as to the earth, existing as amember of those social spheres. We at Meiko always bear inmind the role that we need to fulfill in these spheres as weseek to be accepted and grow to be a company worthy of the
public’s trust. Furthermore, we believe that it is an importantsocial responsibility to actively disclose our results withregard to these issues and to create greater value throughmanufacturing.
At present, there are so many social issues in and outside
Japan. The world economy is unstable with factors such as
trade friction between the U.S. and China, slowdown of theChinese economy, and U.K.’s withdrawal from the EU. On theother hand, there are issues such as global warming or
exhausting of fossil fuel, as well as human rights issues,
natural disasters and food shortages. As set in the UN
resolution as SDGs (Sustainable Development Goals), thecompanies are expected to play even more active roles insolving these issues.
In our business field, we are called to work on not only theissues directly related to our business such as reducing theburden on the environment, but also on various social issues.
Meiko realizes the importance to respond to suchrequirements and will strive to contribute to the realization ofa sustainable society by creating new values.

President and CEO

Yuichiro Naya

Meiko Group Business Principle
Through manufacturing
Provide the best product and service to customers
Improve the well-being of our employees and society3Corporate Charter
The Meiko Group aims to become a useful presence to as many members of society as possible,
while pursuing reasonable profit through fair competition.
Acting in accordance with the following nine principles, whether in or outside Japan, we respecthuman rights, observe laws, regulations, global rules and their spirits, and with high ideal aim toact as a global company contributing to the creation of a sustainable society.

We will develop and supply products and services that are both useful to society and highly reliable in order to

1 guarantee customer satisfaction and earn their trust, paying full attention to quality, safety and customer dataprotection.

will strive to develop creative technology and pave the way for new business in order to help create a
2 We
brighter future.
will engage in fair, free and transparent competition band fair trade and will maintain sound, healthy
3 We
relationships with political and administrative bodies.
We will communicate with our shareholders, customers, investors, business partners, employees and otherand actively disclose corporate information in a fair and timely manner to ensure that our corporate
4 stakeholders
activities are as transparent as possible.
will respect diversity and individual employee’s personalities and ensure that all working environments are
5 We
safe, motivating and comfortable.
We will reduce environmental impact and contribute to the creation of a sustainable society, in recognition of the

6 fact that we all need to do our part to tackle environmental issues.

We will actively engage in social contribution activities as a good corporate citizen, including research,

7 education, 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
8 We
international 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 andsuppliers. Management will continually monitor internal and external feedback, exercise effective governanceand rigorously implement corporate ethics.

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

Employees■Stakeholders
A company’s business revolves aroundinteraction with the various
stakeholders who have an interest in thecompany. Here at Meiko, all of ouremployees around the world recognizethat CSR is central to every aspect ofour business activities and fulfill their
responsibilities at the local level as amember of society with the aim ofestablishing trust in the company.

Sustainable Society
Continuing to Enhance Corporate Value

Shareholders

Business Partners

Enhancing corporate value
Adequate disclosure

Society

Sales

Manufacturing

Working together withbusiness partners
Reasonable and fair trade

Development

Environment

Customers

Local Communities

Providing outstanding value
and services
Improving customer satisfaction

Working together with local communities
Prioritizing environmental preservation
on a local and global scale

CSR レポート 20194

SOCIAL REPORTSOCIAL REPORTAt Meiko, we manufacture and sell PCBs, devices thatare essential for industrial development, by interactingwith diverse people in various countries, regions, andcommunities.
We recognize that we are a social entity, and we fulfill our
responsibilities accordingly. At the same time, we giveconsideration to our stakeholders as we engage in ourbusiness activities.

For Customers

Initiatives for Quality Assurance

Major Activities in 2018

Future Plans

Aiming at “zero” market defects, measures were set
against ongoing serious defects and shared withother factories.

Aiming at “zero” market defects, find out the truecause of serious defects, share and set measuresacross the company. Also continue to take measures
to avoid recurrence and reduce chronic defects.

For the quality assurance of new products, checked
the material reliability and confirmed the measuresfor change point through design review.
Promoted the activities to prevent the occurrence of
defective products by thorough check ofmanufacturing processes.
Redressed the internal audit and shared with otherfactories.
Promoted across-the-company standardization
through Standardization Committee activities.

Aiming to prevent the occurrence of defective
products, conduct quality improvement activities
from the designing stage (design review) and set
measures to deal with the trends based on quality
data analysis.
To reduce the unevenness among factories, spot andimprove the weak points through internal audit andalso check improvements based on customer audit,
share among factories.
To maintain and improve the quality management
system, issue quality management standard
documents for customers.
Promote across-the-compan y standardiza tion
through Standardization Committee activities.

At Meiko, we have defined a Quality Policy aimed at achieving one of our Business
Principles: We will provide our customers with outstanding value and services and make acontribution to society. We improve the reliability of our products to guarantee the highest
possible levels of customer satisfaction and contribute to society.
Our approach to quality assurance andorganizational efforts to ensure high quality
Recently, market recalls due to defective automobile
components have attracted media attention, which is
becoming an increasingly serious risk that could threaten
corporate management.
Because Meiko products are chiefly incorporated into
automobiles and enjoy many other applications as well,ensuring high quality has increasingly become a critical issue.
To address quality-related risk, we must totally change ourconventional attitude and set our goal at achieving “zero”
defects.
To enhance the quality of design and manufacturing, we areworking to optimize our quality management systems at allstages to eliminate the occurrence of defective products.

5

Assurance of quality that meets customer needs
Horizontal deployment of the group’s four
overseas factories● Quality Assurance Efforts at Meiko
Design Quality

Manufacturing Quality

Flow of Receipt of Orders /Manufacturing /Shipment

To achieve “zero” defects, organized efforts at each step are necessary
ReceiptofOrdersDR

Trial
Production

DR1

Final
Pre-Production
Check① DRBFM② Confirm the conditions
and environment where ① Reliability evaluation② Final quality check
PCBs are used
③ Process capacity③ Share past problems

Mass Production

Shipment

Quality Improvement:
Quality targets, Past problems,
Shipping
Rollout of information, QC efforts, inspection
FTA analysis, FMEA
① Lot assurance
Quality Management:
inspection
Addressing abnormality, 5M1E,
Initial production control chart, ② Traceability
Check sheets, etc.
Quality Awareness:
5S (Sorting, Setting-in-order, Shining, Standardizing,
Sustaining the discipline) and 3F (Fixed-position, Fixed-item,
Fixed-quantity), Education, Target management

Ability todeal withcustomers

Internal
audit ofmanufacturing
process

Social Report

Based on the Fiscal 2019 Group management policy, we areproceeding with a product quality assurance system for bothoverseas and Japanese factories that ensures our products
meet our customers’ needs.
Aiming at enhanced quality assurance and management that
includes plants around the globe, we will implement
manufacturing practice to fulfill our customers’ demands.

Receiving awards from our customers● Toyota Motor Corporation

Hirose Plant (April 28, 2018)“Excellent Supply Quality Award” as aresult of achieving “zero defect of
supply parts”.
● OMRON Automotive

Electronics Co., Ltd.(May21, 2018)“Most Excellent Global CorrespondenceContribution Award” for our global
business system.
● Tianjin DENSO Electronics

CO., LTD. (June 1, 2018)“ E x c e l l en t Q u al i ty Aw a rd ” f or ou r
product quality.

certifications, which are global standards, and are working on
continuous improvements in quality management system.
●he ISO9001 and IATF16949 certifications we have obtained
ISO9001
May 13, 1997 Meiko Electronics Co., Ltd.
obtained certification for its PCBs.
May 1, 2002 Guangzhou Plant in China obtained
certification.
Jan. 27, 2003 ISO9001:2000 became the unified
standard in Japan.
Jan. 27, 2003 Extended certification obtained by MD
SYSTEMS Co., Ltd. (Design of PCBs).
Nov. 29, 2006 Wuhan Plant in China obtained
certification.
Feb. 20, 2008 Extended certification obtainedby Metal Mask Dept.
Jun. 18, 2010 Vietnam Plant obtained certification.
Jan. 15, 2014 Ishinomaki Factory obtained
certification again.
Apr. 24, 2015 Thang Long Plant obtained
certification.
IATF16949
Aug. 9, 2017 Guangzhou Plant in China obtained
certification.
Feb. 14, 2018 Wuhan Plant in China obtained
certification.
Sept. 14, 2018 Vietnam Plant obtained certification.

ISO9001 (Japan)* The plants in Japan obtained certification from Japan Electricalsafety & Environment Technology Laboratories (JET). The plants in
China obtained certification from TUV Rheinland. The Vietnam Plant
obtained certification from Bureau Veritas Certification (BVC).

IATF16949(Guangzhou Plant in China)● Fuji Xerox Co., Ltd.

(January 11, 2019)“Premium Partner BRONZE” for ourservices as a supplier.
● Nidec Elesys Corporation(February 22, 2019)
Appreciation Letter of “Product Quality
Improvement Award” for our quality
improvement activities at Guangzhou
Plant and Yamagata Factory.

Customer Satisfaction Survey
Meiko performs a survey every year to measure customer
satisfaction with its products and services in order toimprove its product and service quality.
In Fiscal 2018, 57 companies answered the sur vey,
responding to questions about (1) product quality, (2)product prices, (3) product delivery times, (4) service, and(5) technological response.
In their comments, many customers indicated satisfaction;some, however, expressed complaints, which we will takeas a guide for the improvement of products and services as
we strive to achieve even greater customer satisfaction in
the future.

Acquisition of ISO9001 and IATF16949
certifications
At Meiko, we have obtained ISO9001 and IATF16949

VOICE

Employee’s

Quality Assurance Section 1,
Quality Assurance Department

Yuki Shimizu
I am Shimizu in charge of analysis at Quality Assurance
Department. The scope of analysis extends from customer
complaints to product quality improvement at the factories.
As taken up by the media, the absolute number of PCBs used
for automobiles including automated driving system andomnidirectional camera is increasing. I realize that therequirement for the quality standard is also rising.
To meet such changes in the market, we at MEIKO strive tochallenge for new specifications. Thus there is a possibility ofdefects which did not occur in the past, caused by new
factors. Our role at the Head Office is to analyze promptly
and accurately the new causes of defects. Since there may
be cases where the past theories are not applicable, wegather information from various divisions and consider
introduction of new methods.
To cope with defects and improve the situation, it is ideal toconduct analysis on site at the manufacturing factory basedon “Three Reality Principle (the actual place, thing andreality). The Head Office is equipped with high standard
facilities for analysis and the analysis methods areaccumulated. We plan to further standardize and keep
building database for analysis and share with the factories.
We will strengthen the utilization and relation of the data so
as to respond precisely to the needs for product quality in the
new era.

CSR Report 20196

Social Report

For Customers
Major Activities in 2018
Component development ofhigh-speed/high-frequency PCBs
Component development of copper inlay PCBs
Development of metal base high heat releasing PCBs
Development of embedded passive devices PCBs
(Power IC)

PCBs Development
Future Plans
Trial development of high-speed/high-frequency PCBs
Trial development of high-density multistage buildup
PCBs
Development of structure, heat releasing materials
and manufacturing method of heat releasing PCBs

Meiko promotes product development aiming to provide the most appropriate PCBs tomeet the customer needs by utilizing our PCB technology including those for automobile.
Through optimization of materials, structures and manufacturing methods, we develop
small-sized high-density products as well as products suitable for high-frequency andhigh-speed, or high-current and high-heat releasing, which are highly reliable PCBs.

PCBs for automobile use must be highly reliable. They are used in many onboard units including the safe driving system and play
important roles. Onboard units are introduced in 4 categories as below.
Safe driving system
Aiming to enhance the accuracy of ADAS (Advanced Driver
Assistance System) sensor, component development of hybrid
structure PCB is in process using high frequency materials.
Component development is also in process for impedancecontrol PCBs for high-speed transmission usage aiming at
system integration.
Information and communication system
In navigation and communication modules, multistage buildup
high-density mother boards are used. In addition to thedensification technology developed through smartphone, we
aim to enhance the reliability of onboard standards. We arealso developing PCBs realizing high-speed transmission withlow loss that are suitable for 5G communication base.
Body system
Metal base heat releasing PCBs are used for LED head lamp.
By developing low-elasticity heat releasing insulating resinmaterials, we realized high reliability. On top of that, cavity
PCB has been developed for adaptive head lamp use. We also
provide copper inlay PCBs as a heat releasing channel ofheating element used for control system.

7

Power train system
As for inverter, converter and junction box, Power IC barechips were embedded to the passive devices PCBs to reduce
inductance on the circuit board and improve switching quality.
Operation check on the actual inverter PCB showed improvedr e l i a b i l i t y. A p a r t f r o m t h i s w e a r e d e v e l o p i n g t h e
manufacturing method for heavy copper PCBs to meet thedemands for heavy current.
High quality PCBs which support the advancement of
automobiles are used in many forms and many ways. We will
strive to extend the usage of PCBs by promoting developmentof 5G-compatible PCBs which support the next generation
connected car and mobile communication of informationsociety. At the same time we aim to advance the PCBs into a
new technology to meet the changes in the digital society
such as IoT.

Social Report〈Automotive technology〉〈PCB technology〉〈Status〉

High-frequency compatible

High frequency material PCB

Trial

High-speed transmission

Impedance control PCB

Trial

0.4/0.5 pitch CSP

Multistage buildup PCB

Evaluated

Communication module

High-density module PCB

Evaluated

High heat release

Metal base heat releasing PCB

Evaluated

Partial heat release

Copper inlay heat releasing PCB

Trial

Power IC higher efficiency

Power device embedded PCB

Development

Safe driving system

Information andcommunication system

Body system

Power train system

CSR Report 20198

Social Report

For Business Partners

Supply Chain

Major Activities in 2018

Future Plans

Established purchasing crisis management standards
and carried out purchasing audits in an effort tominimize procurement risks

Continue performing purchasing audits based onpurchasing crisis management standards

Deepened communication through Suppliers Meeting
held in May 2018
Performed an environmental measure survey basedon the latest version of regulations such as REACH
regulations <SVHC169 substances>

Perform continued investigation for manufacturers
for whom sourcing locations are unknown
Promote green-house gas reduction through supply
chain

Currently, a company is required to have, as its basic framework, a consistent supply chain
covering the entire process from material procurement from business partners through to
production, distribution, and sales of products.
Basic Procurement Policy

Request to our business partners

At Meiko, we encourage the continuation of procurement
activities based on the Basic Procurement Policy below. In linewith this trend, we at Meiko believe that the most important
aspect of our procurement activities is to establish win-win
relationships and relationships of mutual trust with ourbusiness partners. We ensure cooperation not only between
the production and sales bases in Japan but also withoverseas bases, and select business partners through acomprehensive assessment of quality, delivery punctuality,
price, and management, as well as business continuity in caseof an accident and a disaster under the basic principles of (1)understanding our Basic Procurement Policy, (2) compliancewith laws, ordinances, and social norms, (3) environmental
protection, (4) exclusion of antisocial forces and (5) RBA (theformer EICC) Code of Conduct. In this way, 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 calling for more than800 business partners to understand and practice mattersconcerning the four points below. In addition to control ofgreenhouse gas emissions, waste reduction, and managementof specified chemical substances, which we naturally
undertake in our internal production activities, we also
implement a variety of measures to ensure environmentallyfriendly procurement. We ask our business partners to
implement and recommend green procurement, and also
request that distribution and sales activities be undertaken in
an environmentally friendly manner. Specific results ofactivities for 2018 include the implementation of initiatives
such as establishing purchasing crisis management standards
and conducting purchasing audits to minimize procurement
risks, conflict mineral surveys and surveys on employment ofyoung workers based on the RBA standard format andenvironmental measure surveys based on the latest version ofregulations such as REACH regulations.

● Basic Procurement Policy
1. Procurement activities optimized for our global
production in accordance with the Action Guidelines
for Purchasing Deals
2. Smooth, fair, appropriate procurement activities
based on closer communication and strengthened
cooperation with our business partners
3. Strengthened environmental measures (chemical
substances / green procurement)
4. Promotion of elimination of conflict minerals basedon RBA and surveys on the employment of young
workers.

9● Basic Procurement Policy
1. Focus on green procurement, compliance with thegreen procurement standard, provision of
information concerning “eco products”
2. No idling
3. Waste reduction
4. Cooperation with contact in case of an emergency

Social Report

2. Business partners’ information that we obtain through

VOICE

Business Partner’s

Johnny Wang
Sales & Marketing Dept. Chief
Elite Material Co.,Ltd.

We are sincerely grateful to Meiko electronics Co., Ltd. forlong time procurement of our
halogen-free CCL and Prepreg at Meiko’s business in Japan,
China and Vietnam. Complying with Meiko’s CSR policy, weare committed to sustainability management and minimizing
the impact of our operations to the environment. Somehighlights of our commitment to the environment are:
• We adopt ESH (Environmental, Safety, and Health)philosophy and management system. Moreover, two systems,
OHSAS18001 and ISO14001, are implemented in theworking place.
• The design of our products are improved in a responsive
way in order to meet international environmental standards
such as RoHS and the HSF (Hazardous Substance Free)
which required by customers and ourselves.
• We strictly comply with relevant environmental laws andregulations, including, but are not limited to, Waste Disposal
Act, Water Pollution Control Measures and Testing Reporting
Management Regulations, and Air Pollution Control Act.
• Since established in 1990, EMC keep focus ondevelopment of halogen free material,
then became top1 halogen-free laminate vender in the worldin 2013. Along with halogen-free material adoption in mobile,
we see the same trend in server, networking and automotive
industry.
It’s our pleasure to have Meiko as business partner and we
also look forward to grow with Meiko for both adoption andcontribution to our environment.

Measures concerning purchasing andprocurement
Internal control and compliance
At Meiko, we undertake smooth operations with our business
partners by complying with the following rules on purchasing
and procurement activities. At Meiko, we undertake smooth
operations with our business partners by complying with thefollowing rules on purchasing and procurement. We carry out
appropriate transactions with our business partners byundertaking internal training and confirming compliance inrelation to adherence to laws, ordinances, and social codes,
including the Act a gainst Dela ys in the Pa yment of
Subcontract Proceeds to Subcontracts in Japan, as well ascompliance with customs regulations and the relevant regionaland national laws, ordinances, and social codes in our global
procurement activities.

1. Fair, appropriate operations with business partners shallbe undertaken through compliance with laws andordinances concerning purchasing and procurement
activities.

purchasing and procurement activities shall be kept
confidential and the information security system forpreventing the leakage of confidential and personal
information shall be strengthened.
3. Entertainment and gifts for business partners shall bepermitted to the extent that would normally be consideredreasonable, but shall be prohibited if such acts result inpersonal profits.
4. Efforts shall be geared toward eliminating antisocial
forces, procurement of conflict minerals and young labor.

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 ofenvironmentally hazardous substances to encourage theprocurement of compliant products and maintain andimprove the environmental quality of our products.
(1) RoHS Directive:
EU restriction on the use of certain hazardous
substances in electrical and electronic equipmen(2) ELV Directive:
A d irect iv e ad op t ed b y t h e E U t o red u ce theenvironmental burdens of end-of-life vehicles(3) REACH Regulations:
EU law for protecting people’s health and theenvironment(4) JIG (1-R):
Legally controlled substances specified in theguidelines concerning the disclosure of information
regarding chemical substances contained in electricaland electronic equipment(5) Customers’ standards

2. We encourage the signing of the Memorandum on

Environmental Protection and Guarantee of Non-Use ofEnvironmentally Hazardous Substances to ensure
environmental protection together with our business
partners. We are pursuing the signing this Memorandum
and Guarantee with our major business partners,
including manufacturers to whom we outsource
processing.
3. We strive to reduce the discharge of industrial waste andencourage the use of this waste as a valuable resourceby recycling it or using it in other ways together with ourbusiness partners.

Procurement Policy based on RBA
RBA (Responsible Business Alliance, formerly Electronic
Industry Citizenship Coalition, EICC) states the standards toensure that within the supply chain of the electronic device
industry, the labor environment is safe, the workers arerespected with dignity, and the manufacturing processes are
responsible for the burden on the environment. Whilemaintaining a win-win relationship with the suppliers, Meikowill fulfill its social responsibility in continuing the business.

CSR Report 201910

Social Report

For Employees

Creation of a Comfortable Working Environment

Major Activities in 2018

Future Plans

Promoted the creation of a comfortable working
environment and system for women

Cultivate next-generation management, provide
intensive education on manufacturing technologies
and reinforce self-development programs

Developed next-generation leaders who epitomize
the values to be shared by all employees,
management training for employees stationed
overseas and dispatch of employees to overseas
locations

In line with the concept that “the greatest asset of a company is its human resources,” wefocus on the creation of a comfortable working environment that is safe, secure, hygienic
for all our employees, respects their diversity, and allows them to develop.
Respect for diversity
At Meiko, we respect human rights and strive to recruit,evaluate, and treat our employees without discrimination on
the basis of race, creed, religion, nationality, age, gender,
disability, and other attributes, so that diverse employees areable to exercise their abilities. For women employees, a
reduced work hour system is promoted for those returningfrom maternity or parental leave. In fiscal 2018, 10 employees
took parental leave, 7 employees returned to work and 14
used the reduced work hour system (excluding Group
companies).

Parental Leave and Reduced
Work Hour System User’s

Since Fiscal 1991, Meiko Electronics Co., Ltd. (excluding its
Group companies) has continued to achieve the legallyrequired number of employees with disabilities in accordancewith the Act on Encouraging the Employment of Persons with
Disabilities, except for Fiscal 2010 and Fiscal 2011. Since
Fiscal 2017, however, we have not been able to meet thelegal requirement, because the overall number of employees
increased while some employees with disabilities retired. We
will make efforts to fulfill the legal requirement for the numberof employees with disabilities in Fiscal 2019.
● Changes in the number of our employees with disabilities

and the number required by law (Fiscal 2014–2018)■Total Employees (Persons)

VOICE

1,000

Quality Assurance Section 2, Quality Assurance
Department, Quality Assurance Division

500

Megumi Sagara

0

I gave birth to my son in July 2012 and took parental leave
until he entered the nursery school in April 2013.
Right after returning to work I used reduced work hoursystem for child care, working from 9:00 to 16:00. At thattime, I was working at the R&D Center located in Sugikubo,
Ebina City. Starting late in the morning than normal was very
helpful.
At present, since we are given the choice for our working
hours, I work from 9:15 to 16:15 so that I can see my son off
to elementary school, which I am so grateful for.
Although I have the responsibility for my work, sometimes I
am forced to take a day off or leave early when my son issick, etc. In such case the reduced work hour system and mycolleagues’ understandings help me so much.
I hope that I can contribute to creating an environment where
each person using the parental leave or reduced work hoursystem can utilize it in a way to suit his/her lifestyle.

11

Employment of persons with disabilities

750
250

756
15
15
2014

Legal requirement

697
13
13
2015

705

Employees (Persons)

695

14

13.25

10

13

2016

2017

690
13
13
2018

40
30
20
10
0

(Note) Legally required number of employees with disabilities =Number of permanent employees × Legal rate of employment(rounded down to the nearest whole number)

Employment and exchanges of global humanresources
Currently, approximately 42 employees from overseas
countries, including China and Vietnam, are working at
Meiko’s business establishments in Japan, while 76 Japaneseemployees are working overseas. As of end of August 2019,
total of 294 persons have completed the language and skill
training in Japan intended for future executives of ouroverseas subsidiaries, which has been offered every year
since Fiscal 2003. We transfer personnel and exchange
employees between Meiko Group companies, both in Japanand overseas, to develop global human resources andstimulate the further revitalization of our human resources.

Social Report

Promotion of women’s participation andadvancement“Seminar for women to work lively”

The ratio of female employee to total at Meiko have shiftedaround 17 to 19% level in the past 5 years. As of the end of
Fiscal 2018 it was approximately 18%.
The number of female managers is growing year by year,
showing 57% increase in 5 years. We will work on changing
of mindset of the managers and male employees, as well asreforming the organizational culture including the work styleas a whole.
●The number of female employees■Persons
160
140

Meiko held its first trial targeting female employees, “Seminarfor women to work lively”.
As the labor population continues to decline it is essential for
women to play an active part. It is also necessary andimportant for Meiko to extend the opportunity for female
employees to take part. The Seminar focused on various
aspects for the participants to consider about their own
lifestyle and work style.
Specifically, the Seminar pointed out the future working
circumstance of a group work, the changes which females
experience with their body and how to cope with them, etc.
These were explained by the lecturer referring to her own
experiences. Practical lectures such as learning the difference
between male and female regarding communication methods,
thinking about career building was also provided. It was afruitful seminar.

138

149
131

120

120

117

100
80
60
40
20
0

2014

2015

2016

2017

2018

・App. 18% as of end of Fiscal 2018
・The number of managers including chiefs and above is increasing
yearly●The number of female managers■Persons
40

31

20

0

21

2014

24

2015

33

26

2016

2017

2018

VOICE

Global Employee’s

Sales Section 1, Osaka Sales Office

Ji NanI graduated from a Japanese university and joined Meiko as a new graduate in April 2008. I was assigned to Osaka Sales Office and work
as an assistant at Sales Section 1. My duty includes dealing with orders received through the salesforce, product completion management,
shipping and delivery. Using my mother language, I communicate with the factories in China and our customers in China, Taiwan and HongKong. It gives me a great pleasure to work between my country and Japan which I love. As a way to improve sales productivity, we sales
assistants function as “inside sales”. Bearing in mind the goal to “enhance the work efficiency of the sales office as a whole” I will continue
to work hard.

CSR Report 201912

Social Report

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, and improving their overall
abilities that are universal to all organizations. In addition,
we offer qualification programs and provide financial
assistance with correspondence courses to help our
employees with their self-development and encourage themto obtain technical qualifications. In particular, we position
training for next generation leaders as a primary task, andpromote a one of a-kind research to extract the shareddistinctive values that must be passed on from the leadersof today to those of next generation, and to reflect these to
the training program.
In addition, we offer qualification programs and provide
financial assistance with correspondence courses to help
our employees with their self-development and encouragethem to obtain technical qualifications, as well as operatefoundation schools by foreign instructors and full financial
assistance of examination fees for TOEIC Institutional Test.
Moreover, we are also developing employees who are able
to work globally at the forefront of oversea establishments
which are increasing its importance, by improving andexpanding foreign language training programs for domestic
workers and the training of oversea workers in Japan. In
addition, we are planning to develop management ability as
well as overseas assignment (trainee system).

●Job-class-specific training
New Recruits• Business simulation training• Manufacturing and sales hands-on training andproblem-solving
Mid-career employees• MBA (Meiko Board Academy)• Cultivation of next-generation management
Managerial employees• MAPS (Management Academy for Problem Solving)• Problem solving capability improvement
Department heads• President school• Cultivation of 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
Global training• 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 are completed● Industrial Safety and Health Guideline

Employee safety and health initiatives
We conduct safety and health initiatives at Meiko based on
our Industrial Safety and Health Guidelines for the purposeof eliminating work accidents and improving the working
environment in all workplaces, and encouraging the good
health of all employees. To ensure that problems are foundefficiently, not to mention prevent work accidents, we havearranged for our 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 andimprove the level of our safety and health management.

13

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-houserules related to industrial health and safety as we
endeavor to eliminate dangers in all workplaces.
2 . We w i l l c o n d u c t r i s k a s s e s s m e n t s f o r o u r
workplaces, set goals for work environment
improvements and continually work toward
reducing work accident risks.
3. We will ensure that each and every employee isaware of industrial safety and health initiatives as
we endeavor to improve awareness of safety andhealth.
4 . We w i l l e n d e a v o r t o a c t i v e l y s u p p o r t t h emaintenance and improvement of the mental andphysical health of our employees.

Social Report

TOPIC Lifetime events
Meiko promotes to create environments for employees to work flexibly according tovarious values and lifetime events.
Work style, holiday, leave system

Marriage

Pregnancy, ChildbirthChildcare

Nursing care

Marriage holiday

Maternity leave
Special holiday forpartner’s childbirthSpecial holiday for
medical check(while pregnant or up
to 1 year afterchildbirth)〈Up to 1-year-old〉
Childcare hour
〈Up to 1 (in somecase 2)-year-old〉
Childcare leave〈Up to 93 days〉
Limit extra-time labor
Limit night work
Exempt from
irregular work
Nursing care leave(93 days max)
Nursing care holiday(5days/year/person)〈Up to 3rd grade〉
Limit extra-time labor
Limit night work
Reduced working
hour system
Child sick care holiday(5 days/year/child)

Retirement
Reemployment
systemFor Shareholders and Investors Improvement and Expansion of IR
Major activities in 2018
H e l d m e e t i n g s i n c l u d i n g r e s u l t s b r i e fi n g s f o r
institutional investors, analyst meetings, and small
meetings, also made several investor calls
Produced English versions of IR tools for foreign
investors

Future Plans
Continue holding explanatory 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 andtransparent, and we will continue to be a trustworthy company to our shareholders andinvestors to generate corporate value.” Based on this pledge, we are striving to maximize
our corporate value by engaging in sound, fair corporate activities while complying withlaws and ordinances.
Timely and adequate disclosure of information

Shareholders’ report

In accordance with the timely disclosure regulations, we
adequately disclose key information considered to influence
the investment decisions of our shareholders and investors.
We also disclose other ke y inf orma tion via prompt,
adequate, and fair means to ensure the transparency of ourmanagement practices.

To ensure a better understanding of Meiko, we publish the
MEIKO REPORT twice a year to provide shareholders withinformation on Meiko.

For foreign investors
In order for foreign investors to have a better understandingof our business activities, we have been promoting the
globalization of IR activities, including the production of IR
tools in English, such as convocation notice of theshareholders’ meeting, presentation documents,
shareholders’ report and documents for results briefing.

MEIKO REPORTCSR Report 201914

Social Report

For Local Communities

Social Contribution

Major activities in 2018

Future Plans

Implemented CSR activities addressing local issues
at each site

Create a framework that enables more employees toparticipate autonomously

Improved information sharing to enable sites toimplement activities performed at other sites.

At Meiko, we encourage social contributions by our Headquarters and group companies tobuild close relationships with local communities. We will continue to actively participate inenvironmental beautification activities and other events organized by the local governmentsin the various areas. At the same time, we will fulfill our responsibility as a good corporate
citizen by encouraging social contribution activities in each local community.
Wuhan Plant, China● Donation of air conditioner to Xiao Si Xiang Nursing Home

Thang Long Plant, Vietnam● Local clean-up activities

Ishinomaki Factory● Local clean-up activities

Yamagata Factory● Sponsorship of Yachi Donga Festival● Sponsorship of Kahoku Hokuhoku Festival● Provision of factory visits and internships for

Vietnam Plant● Donation of gift to the Phung Xa

Village people who are sick andwounded from war● Donation of cakes for Mid-Autumn

Festival to the children of Phung
Xa company● Donation of cakes for the New Year tothe social support center, victims of the agent orange● Donation of cakes for the New Year to families inneed of financial support in Phung Xa Village● Support the New Year’s activities of Phung Xa Village People’s Council● Donation of notebook computers at the New Year’s traditional

wrestling tournament in Bung Village

students of local high schools● Participation in blood donation activities(14 participants in February)● Donation of photo news board to neighboring

elementary school

Fukushima Factory● Participation in blood donation activities● Accepted internships● Co-sponsoring the Hirono-cho Summer

Festival 2019 celebrating the Reiwa Era

Headquarters and Kanagawa Factory● Co-sponsoring the Ayase Environmental

Network

Guangzhou Plant, China● Greetings to the Security Police and the Fire Department

on the Army Day● Greetings to the Security Police and the Fire Department

on the Mid-Autumn Festival● Participation to the local activities for the elderly● Participation to the local blood donation activities● Co-sponsoring the Ayase Commerce andIndustry Fair
● Co-sponsoring the “Ayase Fureai-no-ie”

managed by the Ayase Council of Social Welfare● Co-sponsoring the Ayase City Fireworks Display● Held the spring game of the Ayase City

Children’s Baseball Foundation and the Meiko Cup● Co-sponsoring the 17th Kanagawa Prefecture’s

Skills Competition for People with Disabilities,
Abilympics 2019
● “Prevention of car accident” campaign,

donation to neighboring elementary andmiddle schools
15

Social Report

Action1Agricultural experience for children in Vietnam

Action2

Supporting the local people in Vietnam

Action3

Clean-up activities

Since 2018 Meiko has developed its agricultural business GENKI FARM in Hanoi, Vietnam. Taking the advantage
of Japanese organic farming and technology, organic vegetables are grown and sold to shops in the city. At harvest time, farmexperience workshops are held for students at local Vietnamese elementary schools and Japanese schools.

At Vietnam Thach That Plant, activities to support the local people are practiced, such as sending gifts to families
in need of financial support or those who are sick and wounded from war, donating notebook computers to the local traditional
wrestling tournament.

At Vietnam Thang Long Plant we are engaged in clean-up activities of the surrounding area every year.

CSR Report 201916

ENVIRONMENTREPORT
ENVIRONMENT REPORTAt Meiko, we believe that minimizing the environmental
burdens of our business activities is our mission and our
responsibility as a company helping to achieve asustainable society.

Major activities in 2018

Future Plans

CO 2 emissions increased slightly compared with theprevious year

Reduce energy per production volume by 1% or
more

Added eco-friendly cars to the company-owned
vehicle fleet

Promote the replacement of fluorescent lamps with
LED lamps

Maintained a 99% or higher waste recycling rate
(Plants in Japan only)

Strive for 100% waste recycling rate

Employed systems such as our waste exchangesystem to utilize disused items

Stay abreast of additional restricted substances
under the RoHS Directive and perform suppliersurveys

Stayed abreast of the added SVHCs and performed
supplier surveys

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

Preventing global
warmingReusing natural
resources

Preventing pollutionof the ecosystem●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 in terms
of prevention of global warming, cyclical useof resources and prevention of contaminating
the ecosystem.
In accordance with our basic environmental
policy, we fully comprehend the impact ourbusiness activities have on the environment.
We make every effort to prevent
environmental pollution and reduce ourenvironmental footprint through the following
measures:1. We have established a structure for strengthening our environmental conservation activities,
and we develop and revise our environmental management system, operate the systemappropriately to reduce our impact on the environment, and work continuously to improve both.
2. We contribute to environmental conservation by making efforts to conserve resources andenergy, reduce waste, and encourage recycling.
3. We will properly manage chemical substances in products so that the product does notcontain harmful chemicals.
4. We properly manage chemical substances contained in our products and make sure our
products do not contain toxic chemical substances.
5. We properly manage chemical substances in the production process to limit their usage andreduce their environmental impact.
6. We observe all laws, regulations, ordinances, and other requirements concerning theenvironment.
7. We set environmental goals and objectives, conduct environmental conservation activities,
and strive to improve these activities.
8. We provide training and instruction to all our employees with the aim of instilling a strong
awareness of environmental conservation activities in them.
9. We are documenting this environmental policy and distributing it to all our employees, and arealso making it available to the public.

October 19, 201717

President & CEO Yuichiro NayaENVIRONMENT REPORT

System for complying with environmental laws and ordinances
To implement our Basic Environmental Policy, we have established an ISO environmental
management system, and have appointed a person responsible for controlling theenvironmental management system (EMS) at each plant in Japan 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
General Manager Responsible for EMS (Japan)

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
Thang Long Plant

Person responsible for EMS at Kanagawa Factory
Person responsible for EMS at Fukushima Factory

ISO14001 Promotion Secretariat at Headquarters● Management concerning ISO14001

Person responsible for EMS at Yamagata Factory
Person responsible for EMS at Ishinomaki Factory● Promotion of environmental improvement•Energy conservation•Waste reduction

Acquisition of ISO14001 certification
We view ISO14001 as an important standard forenvironmental management, began to take action towardobtaining certification in Fiscal 2000, and have sincecontinued these initiatives at our plants in Japan andoverseas.
●Our acquisition of ISO14001 certification
Mar. 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

ISO14001 Certificate for factories in Japan

ISO14001 Certificate for Guangzhou Plant in China

ISO14001 Certificate for Wuhan Plant in China

ISO14001 Certificate for Thang Long Plant in Vietnam

Apr. 22, 2005 Extended certification obtained by M. D. Systems Co., Ltd.
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 andDevelopment Center, Yamato Technology Center
Jun. 18, 2010 Extended certification obtained by Thach That Plant in Vietnam
Jan. 15, 2014 Ishinomaki Factory obtained certification again
Apr. 24, 2015 Thang Long Plant in Vietnam obtained certification
Jan. 27, 2017 All plants completed transition to 2015 version of ISO14001* The factories in Japan obtained certification from Japan Electrical Safety &Environment Technology Laboratories (JET). The plants in China obtained
certification from TUV Rheinland. The Vietnam Plant obtained certification from
Bureau Veritas Certification (BVC).

CSR Report 201918

Environmental ReportComplying with environmental laws andOrdinance
Environmental laws and ordinances have been amended
due to increasing awareness of environmental impact. We
believe that ensuring our compliance with all the amended
laws and ordinances of individual regions will lead to ourcontributing to environmental protection in each local
community. In accordance with ISO14001, we identify thelaws and ordinances of individual regions that are related toour business activities, and watch for any amendments toensure full compliance.

Promotion of environmental targets plan
Meiko conducted an assessment of the environmental
impact of our corporate activities. As a result, we found thatthe types of energy that have a significant impact on theenvironment 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. In Fiscal 2018, we reset the benchmark andtargets and continued action toward the new targets. We
will continue to improve production efficiency and conduct
further energy-saving initiatives to achieve steady
reductions in per production volume metrics.

The recent abnormal weather condition which is said to be due to global
warming is causing tremendous natural disasters and serious damages.
Environmental destruction by waste pollution is also drawing considerable
attention. Under such circumstances, Meiko is taking measures based on
our Environmental Policy to conserve resources and energy, reduce waste,
General Manager Responsible for EMS
encourage recycling and properly manage chemical substances contained
Director and Managing Executive Officer
in products, as well as those in the production processes, to limit their
Takahiro Matsuda
usage and reduce their environmental impact.
In this Fiscal Year 2018 we have focused on improving our third plant in Vietnam and others into “smart factories”. By utilizing IoT androbot technologies and linking the system with our in-house core system, we enhance productivity, product quality, optimize the facility andutility, as well as reduce waste, conserve resources and energy.
This development will be adopted starting from overseas plants to all factories.
Investment are also made to our factories in Japan for renovation to replace the old equipment with new ones. At Fukushima Factory heavy
oil boiler was abolished and production equipment without using stream was introduced. At Kanagawa Factory the heavy oil boiler was
replaced by gas boiler. These changes will reduce CO2 emission.
We will continue to harmonize our business and the global environment to promote environmentally friendly business activities.
Management’s

VOICE

Prevention of Global Warming
Meiko views the issue of greenhouse gases as a significant threat
to our precious earth. Efforts to prevent global warming constituteenergy saving activities to reduce the amount of CO2 emissions
generated from energy consumption.
We have formulated and promoted the annual plans and the
medium-to-long term plan to reduce the amount of CO2 emissionsin accordance with laws and regulations not only in Japan but alsoin overseas plants, through which we promote global activities toprevent global warming.
In Fiscal 2018, we conducted further energy saving activities at
Plants and Administra tion Division. While some individual
improvements were achieved, we could not achieve the target for
reduction in energy per production volume as a whole, due tofluctuation in production volume. We will continue our efforts toreach the goal of energy saving.

19

Energy Saving Committee

Environmental Report● Changes in the amount of our CO2 emissions■Total amount of emissions(1,000 tons of CO2)

● Changes in our electricity consumption(based on the figure for Fiscal 2013 set to 1.0)

〇Rate of consumption per production volume

600

2.0

450

1.5

300

1.0

■Total consumption(Million kWh)(based on the figure for Fiscal 2013 set to 1.0)

〇Rate of consumption per production volume

625

2.0

500

1.5

375

1.0

250
100
0

0.5

2014

2015

2016

2017

2018

■Total consumption(1,000L)〇Rate of consumption per production volume

4,000
3,000
2,000
1,000

2014

2015

2016

■Total consumption(1,000L)

0■Total consumption(1,000 m3)(based on the figure for Fiscal 2013 set to 1.0)

〇Rate of consumption per production volume

2.0

2017

2018

1.0

6,000

1.0

0.5

3,000

0.5

0

0

〇Rate of consumption per production volume
2.0

150

1.5

100

1.0

50

0.5

2016

2018

1.5

(based on the figure for Fiscal 2013 set to 1.0)

2015

2017

9,000

200

2014

2016

1.5

● Changes in our gasoline consumption

0

2015

2.0

5,000

0

2014

● Changes in our natural gas consumption(based on the figure for Fiscal 2013 set to 1.0)

6,000

0

0

● Changes in our fuel oil consumption

0.5

125

2017

2018

2014

2015

2016

2017

2018

0

* Results of the Vietnam Plant are included in the data since Fiscal 2012, Ishinomaki
Factory since Fiscal 2013, and Thang Long Plant since Fiscal 2016, respectively.
* Although the volume of energy consumption has recently increased due to growth
in production volume, the rate of consumption per production volume remains
unchanged.

0

Examples of energy saving improvements
Improvement example at Fukushima Factory
Improvement example at Fukushima Factory
Steam boiler (heavy oil A) as a heat source was used in theblacking process line (preprocessing for laminating press).
The line was renewed to V bond line operated by electricity
instead of heavy oil, which effectively reduced the emissionof CO2. While usage of electricity increased over theprevious year to 150,350KW (6 months total), the CO2
emission marked 71 tons, which means that using
electricity reduces CO2 emission. In this way theexhaustion of natural resources is prevented.

・Heavy oil used per year was reduced from 70,900 liters to zero・CO2 emission was reduced by 200 tons per year

CSR Report 201920

Environmental Report

Cyclical Use of Resources● Changes in our water consumption

Water Consumption
A large amount of water is used in the manufacture of PCBs forcleaning. We have reduced the amount of water used by managing
the amount used at each facility and using reverse osmosis (RO)water*.
We continue to carry out efforts to use the minimum amount ofwater required to maintain product quality in each process and touse discharged water through the introduction of a RO concentrated
water system. These efforts have proven effective in achieving
reductions.
* RO water refers to water purified using reverse osmosis. It is used
for cleaning the PCBs

(based on the figure for Fiscal 2013 set to 1.0)

■Total consumption(1,000 m3)

Rate of consumption per production volume
2.0

10,500

1.5

7,000

1.0

3,500

0.5

0

2014

2015

2016

2017

2018

● Changes in our photocopying paper consumption(based on the figure for Fiscal 2013 set to 1.0)

■Total consumption(thousand sheets)

Rate of consumption per production volume
2.0

Paper Consumption
We ha ve been making comprehensive ef f orts b y employing
electronic media for all company data, eliminating unnecessary
copying, and introducing electronic certification system, etc., to help
protect forest resources.
*Effective 2018 the figures of Vietnam Plant and Thang Long Plant
are added.

9,000

1.5

6,000

1.0

3,000

0.5

0

2014

2015

2016

2017

Reduction and recycling of waste
We have been reducing waste based on the 3R strategy (reuse,
reduce, and recycle). Continuing on from Fiscal 2017, efforts wereactively made to recycle waste into valuable resources. The recycling
rate of waste, the percentage of waste that was used for purposes
other than landfill, exceeded 99% at our plants in Japan in Fiscal
2018.
* “Recycling” above includes thermal recycling* The recycling rates at our plants in China (Guangzhou and Wuhan)
and Vietnam (Vietnam and Thang Long) are excluded.

Examples of waste reduction efforts
Internal resource recovery
We collect resources from some industrial wastes generated in our plants
through treatment plants and facilities established within the premises of theCompany.
1. Collecting gold from gold plating waste liquid
2. Collecting copper from soft etching waste liquid
3. Collecting copper carbonate and copper sulfate generated fromcopper collected from etching waste liquid
The cyclical use of resources prevents the exhaustion of natural resources
and contributes to the protection of the global environment.

21

0Photo: Soft etching waste liquid processing
equipment in Guangzhou Plant.

2018

0

Environmental Report

Preventing Pollution of the Ecosystem
Measures for Reducing Environmental Burdens
Meiko is aware of the significance of the impact of its plant operations on the local environment and believes it has a duty to
reduce these burdens. Specifically, we comply strictly with laws and ordinances for preventing pollution and the standards
agreed on with local communities. We are also striving to reduce the total emissions, water consumption, and paper
consumption confirmed in accordance with the PRTR Act.

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 ona regular basis to help maintain the local environment. The table below shows the levels of the substances we have emitted
from our plants, all of which are below the standard.
Water quality

Plant
name

Kanagawa
Factory

Fukushima
Factory

Yamagata
Factory

Ishinomaki
Factory

Guangzhou
Plant

Wuhan
Plant

Vietnam
Plant

Thang Long
Plant

Atmosphere

pH

BOD

COD

SS

Measurement
unit

-

mg/L

mg/L

mg/L

Actual value

7.22

10.1

16.3

-

Equipment

Steam boiler

Substance

Soot and
dust
concentration

Nitrogenoxide
concentration(NOx)

Measurementunit

g/m 3Nv/v ppm

Actual value

0.002

54

180
0.3
Standard value
Air Pollution Control Act Air Pollution Control Act
Measurement
v/v ppmg/m 3N
unit

Standard value

5.7〜8.6

25

25

70

Measurement
unit

-

mg/L

mg/L

mg/L

Actual value

7.3

10.7

7.8

1.1

Standard value

5.8〜8.6

25

25

70

Standard value

Measurement
unit

-

mg/L

mg/L

mg/L

Measurementunit

g/m 3Nv/v ppm

Actual value

7.4

8.2

15.1

15.7

Actual value

0.005

66

Steam boiler

Steam boiler

Actual value

0.005

57

180
0.3
Air Pollution Control Act Air Pollution Control Act

180
0.3Standard value
Air Pollution Control Act Air Pollution Control Act
Measurement
v/v ppmg/m 3N
unit

Standard value

5.8〜8.6

25

160

60

Measurement
unit

-

mg/L

mg/L

mg/L

Actual value

7.3

16.1

16.8

4.3

Standard value

5.8〜8.625(20)

160(120)60(50)

Standard value

Measurement
unit

-

mg/L

mg/L

mg/L

Measurement
unit

mg/m 3N

mg/m 3N

Actual value

7.65

5.9

71.0

19.5

Actual value

16.43

135.28

Standard value

6〜9

300

500

400

Measurement
unit

-

mg/L

mg/L

mg/L

Actual value

7.78

6.6

24.8

17.2

Standard value

6〜9

20

80

Steam boiler

BoilerActual value

0.023

49

180
0.3
Air Pollution Control Act Air Pollution Control Act

Standard value National Std:100
Local Std:80
Measurementmg/m 3N
unit

400
mg/m 3N

Actual value

19.5

14

50

Standard value

50

400

Measurement
unit

mg/m N

mg/m 3N

Actual value

41.9

62.40

Steam boiler

Measurement
unit

-

mg/L

mg/L

mg/L

Actual value

7.58

8.8

15.9

5.5

Standard value

6〜9

30

75

50

Standard value

200

850

Measurement
unit

-

mg/L

mg/L

mg/L

Measurement
unit

mg/m 3N

mg/m 3N

Actual value

7.23

9.4

28.3

6.3

Actual value

40.82

63.64

Standard value

6〜9

30

48.6

50

Standard value

200

850

BoilerBoiler3* 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 average values.

CSR Report 201922

Environmental Report

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 ourenvironmental burdens for Fiscal 2018. 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 and resources, and recycling.

Environmental burdens of our business activities
Scope: Headquarters and the 8 major plants Period: Fiscal 2018 (April 1, 2018-March 31, 2019)
Outline of business: Manufacture of PCBs

INPUT

Energy input
Electricity （1000kwh） 569,164
Heavy oil （kℓ）
1,114Natural gas（km 3 ）10,096
Light oil （kℓ）
3,169Gasoline （kℓ）
85

OUTPUTt

Atmospheric release
CO 2 emissions（kt）
NOx emissions（ｔ）
Soot and dust（ｔ）
PRTR substances （ｔ）

Resources（ km 3 ）
9,743
Water
Photocopying（ thousand sheets）14,418
papeResources
PRTR substances （ｔ）

Discharge into water table
548
125
8.6
4.3

PRTR substances

（ｔ）

373

Chemical substances
Amount of waste （ｔ）
3,834
generated
PRTR substances （ｔ）
19

0.25

(in Japan only)

Management of Chemical Substances Contained in Products
In accordance with our Environmental Action Guidelines, we strictly manage our production
process in accordance with our chemical substance control rules that stipulate prohibited
substances to ensure that our products do not contain hazardous substances prohibited by
the RoHS Directive and other laws and regulations. We request that our business 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 product
Meiko
Environmental contract
Environmental audit

Business
partners

Environmental data
Guarantee of non-use
Tables of ingredients Analysis reports• Chemical substance control forpurchased goods(Green procurement standard)• Environmental assessment ofbusiness partners• Environmental data management• Product environmental survey

Environmental demands
Communication of information

Customers

Management of Chemical Substances Contained in Products＊RoHS Directive: Restriction by EU on use of specific hazardous materials found in electrical and electronic products＊ELV Directive: Directive implemented in EU to reduce the environmental burden caused by the end-of-life vehicles＊REACH Regulation: EU law to protect human health and the environment

VOICE

Employee’s

Guangzhou Plant implements environmental improvements (air, waste, drainage,etc.) based on the environmental policies of China and Guangdong Province.
For the prevention of air pollution, we comply to the law by introducing VOC(volatile organic compounds) machine. As for waste, we succeeded in reducing theEnvironment Management
sludge containing copper by half over the previous period using drying equipment.
Department
Guangzhou Plant
Dry film sediment was also reduced by half using the dehydration equipment.
Our Plant is designated as “Guangzhou Top Clean Production Company”. We are
Toru Taga
making efforts to reduce usage of resources, water, electricity, energy. As a result,
we have acquired “Clean Production Level 2 Certificate” and are registered as an excellent company.
Guangzhou Plant will continue the activities for improvement in compliance to the environmental regulations.

23

Environmental Report

TOPIC TOPIC MEIKO Solar Park Fukushima Operation of the Power Plant No. 2
After the Great East Japan Earthquake, our Fukushima Factory started photovoltaic
power generation in June 2015 at “Meiko Solar Park Fukushima” using the unused
land within its premises located in Hirono-Cho, Fukushima Prefecture. Through solar
power generation, we contribute to the penetration of renewable energy which is
promoted by Fukushima Prefecture and Hirono-cho, as well as to the realization of asustainable society.
The Power Plant No. 2 was additionally built in 2017. Generation capacity is 3MW (megawatt) and the annual
generation is 3,200,000KWh, equivalent to the annual power consumption of 880 typical households. This
covers the power source for more than one third of the total households at Hirono-cho, which is a step towards
a sustainable society, in addition to restoration and development of the local Fukushima area. In the future wewill promote the use of the generated power within own company facility.

●Overview of MEIKO Solar Park Fukushima●Photovoltaic power generation capacity
10,000KWh
350

Installation area

41,454 m2

Number of solar panels installed

11,788300

Generating capacity

3,026 KW

250

Estimated annual power generation

3,200 MWh(Annual power consumptionof 880 typical households)

Power generation start dateJune 10, 2015

200
150
100
50
0
2009/9 2010/9 2011/9 2012/9 2013/9 2014/9 2015/9 2016/9 2017/9 2018/9

MEIKO Solar Park Fukushima

CSR Report 201924

MANAGEMENTREPORT
MANAGEMENT REPORTTo ensure that operations are efficient and appropriate,
Meiko has improved its transparency and established amanagement framework that will earn the trust of its
stakeholders, establishing a system that allows audits
and internal control to function appropriately.

Corporate GovernanceCorporate Governance System
Meiko is a company with Board of Auditors, along with
Board of Directors and Accounting Auditor. By inviting
independent outside directors and auditors the audit andsupervision function is reinforced towards the management.
Of the total 8 Board of Directors, 2 are outside directors. Of
the 3 auditors, 2 are from outside.

●Corporate Governance Framework at Meiko

Shareholders’ Meeting
Appointment/Dismissal

Appointment/
Dismissal

Board of Directors＜Audit function＞

Risk Management andCompliance Committee

ReportSupervision

Instruction

Internal Audit Office

President & CEO

Cooperation

ReportReportInstruction

Executive Officers
and Division Heads
Risk Management
and Compliance Office
Contact point
for whistle-blowing

NotifyBoard of Auditors

Divisions, affiliated companies,
employees

Supervision

Accounting Auditor

Internal auditing
Internal control and audit

Internal auditing
Internal control and audit

Outside Law Office

Cooperation

New Director’s Message

Nao Tsuchiya
Outside Director

25

Appointed at the Shareholders’ Meeting in June 2018, I currently ser ve as an outside
director. The importance of corporate governance, especially the role of an independent
outside director, is focused recently. Aiming to contribute to the benefit of the stakeholders
including the shareholders, and to enhance the corporate value of Meiko, I have thoughta b o u t w h a t I c a n d o a s a n i n d e p e n d e n t o u t s i d e r. W h e n e v e r I o f f e r o p i n i o n s o r m a k e
proposals, I try to take an objective view.
Due to the rapidly changing international situation, the business environment may not stayfa vora ble f or some time. However, I will do wha t little I can f or Meiko to ensure tha tnecessary policies such as productivity improvement are implemented to progress further asa good company.
I appreciate your continuous support.

Management Report

Internal Control
Major Activities in 2018

Future Plans

Updated and evaluated internal control based on
Financial Instruments and Exchange Law (J-SOX)(Subsidiaries in China, Vietnam and U.S.A. were
subject of internal control)

Evaluate internal control based on Financial
Instruments and Exchange Law
Implement internal audit
Work closely with the auditors

Audit by Internal Audit Division

Meiko’s corporate governance system includes external directors, auditors as corporate
monitoring function, accounting auditors, and the Internal Audit Department for ensuring fairmanagement and high 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 and the fairness of all company activities. The
effectiveness of Meiko’s internal control is evaluated, and the results of these evaluations
are used to make further management improvements. This is our mission to fulfill our
corporate social responsibility and we, as the Meiko Group, will promote these activities.
Internal Control System

Internal control concerning financial reporting

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 inaccordance with the Companies Act and Ordinance for
Enforcement of the Companies Act.

Under its Basic Policy on Internal Control System andaccording to the Practice Standards for Management
Assessment and Audit concerning Internal Control overFinancial Reporting set by the Financial Services Agency, Meikodeveloped policies and plans concerning the policy, procedures
and methods for evaluating our internal control, the frameworkof evaluations, the scope of evaluations, evaluation schedules
and recording and storage of evaluation results, and we haveset a framework for evaluations led by management. In linewith these policies and plans, following Fiscal 2017, weevaluated the effectiveness of our Companywide internal
controls (including account settlement and financial reporting
processes) that could have a substantial effect on ourconsolidated financial reporting once again in Fiscal 2018. As
a result of this evaluation, we stated that “Our internal control
over financial reporting has been effective” in our internal
control report for Fiscal 2018 and received appropriate
opinions from our auditors.

● “Basic Policy on Internal Control

1. A system for ensuring compliance within MeikoGroup
2. A s y s t e m f o r s t o r a g e a n d m a n a g e m e n t o f
information concerning the execution of duties by
our Directors
3. A system regarding risk management within
Meiko Group
4. A system for ensuring that the duties of MeikoGroup Directors are executed efficiently
5. A system for ensuring proper operations by the
Meiko Group
6. A system relating to employees who will assist
the Auditors with their duties
7. A system for reporting to Auditors
8. A system for ensuring the effective execution ofaudits by Auditors● Internal Control of the Meiko Group in Fiscal 2018
Internal Control
Committee●

Assistance inimprovinginternal control,
preparations forevaluations andcreation ofreports

Board ofDirectors
Passing resolutions
on internal control
policies● Passing resolutions
on theimprovement/promo
tion of internal
control●

Board ofAuditors●

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 responsiblefor implementing internal control

CSR Report 201926

Management ReportCompliance
Major Activities in 2018
Distributed monthly e-mail newsletter focusing on
compliance
Put up posters about compliance

Future Plans
Compliance awareness survey
Revision of Compliance Handbook

Compliance education through e-learning

Meiko positions compliance as a critical aspect of management. Our corporate activities
comply with laws and ordinances, social ethics and morals. To promote compliance, ouractivity standards are codified in the Corporate Charter of the Meiko Group and the Code of
Conduct, and the framework of our activities is explained in our Compliance Regulations.
Compliance Posters

Compliance Handbook

To further raise the consciousness of compliance, we put up
posters.
(Transparent files of the same design are also produced andused internally)

In order to raise awareness of compliance, the Company´sown unique Compliance Handbook is distributed to all
executives and employees. The contents are also posted tothe in-house website.

Compliance Handbook

Po s t i n g c o m p l i a n c e c a s e s t o t h e i n - h o u s e
websiteCompliance e-mail newsletter
Monthly newsletter is distributed electronically.

27

Every month, an example of compliance case is introduced
and explained with illustrations.

Management ReportCompliance education through e-learning
Contents to prevent harassment at workplace, etc. areprovided through e-learning. The aim is to ensure goodworking environment and to raise awareness within thecompany.

Person
VOICE fromin Charge
Deputy General Manager
General Affairs Group
Human Resources & General Affairs
Department

Naoki Saito

Antisocial forces
It is stated in the Corporate Charter that Meiko refuses tohave anything to do with any antisocial forces including
gangsters. We work in close cooperation with external
dedicated institutions such as the police and the National
Center for Removal of Criminal Organizations to resolutely
eliminate antisocial forces.

The business environment for companies is changing andgrowing more complex. Compliance activities are essential
for a corporation to survive. Meiko Group has large-scale
manufacturing sites in China and Vietnam, as well as sales
bases in the Americas, Europe, and ASEAN countries, withover 10,000 employees around the world. To ensurecompliance with laws and ordinances throughout thecompany as an organization, awareness and actions ofeach and every member is important. We aim to convey
the philosophy adopted in the Corporate Charter andBusiness Principle to all employees in a readily
understandable manner. We will continue the coordination
between the departments in charge at each of our sites
and the Risk Management and Compliance Committee,
and provide education and awareness raising activities
aimed at both executives and employees to grow as atrustworthy corporation.

Introduction of the Helpline
The Compliance Committee has been established as anorganization that ensures compliance is being faithfully
conducted throughout the Meiko Group. The Committee isconvened regularly every year or as otherwise required by
the Compliance Officer and Administrative Section (General
Affairs Department), with activities focusing on the Auditorsand other responsible executives from General Affairs
Department, Human Resources Department, and therelevant departments.

●Helpline Flow

Whistleblower

Internal Reporting Contact 1

Internal Reporting Contact 2

External Reporting Contact(available in English, Chinese, Vietnamese, etc.)

Administrative Section Chief

AuditorCommittee Chair

Risk Management and Compliance Committee(including Director and Auditor)

CSR Report 201928

Management Report

Information Security
Major Activities in 2018
Extended the coverage of ISO27001 certification

Future Plans
Maintain ISO27001 certification

Our business is the manufacture and sales of electronic PCBs. To continue our business, we
believe that it is essential that our customers have faith that we properly manage customers’
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
establish, maintain and strengthen information management systems with our customers.
Protection of personal information● Information Security Policy
Based on our Business Principles, we implement measures tostrengthen our information security system in order to protect
our customer information and information assets from threats
including fraudulent access, disasters and criminal acts. We
also take steps to raise awareness about information security
amongst the management and employees. To this end, we haveset out the following policy on information security and declarethat, in line with our Business Principles, all management andemployees should devote concerted efforts to implementing
these policies.
1. We pursue continuous improvement in our information
security system.
2. We provide every protection of our information assets andcontinuously enhance the information management
function.
3. We comply with laws, ordinances, and norms and fulfill
social responsibilities.
4. We conduct continuous education and training for the
management and employees.
5. We swiftly respond to a problem as soon as it occurs andconduct risk management practices.

Protecting customer information
We take comprehensive measures to protect theconfidential information of our customer in accordancewith our Information Security Policy…

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.

Information security lecture

29

To c o m p l y w i t h l a w s c o n c e r n i n g t h e p r o t e c t i o n o f
personal information and to handle personal informationa p p r o p r i a t e l y, M e i k o h a s a d o p t e d t h e “ P e r s o n a lInformation Protection Regulations.” Based on theseregulations, we handle information with particular care.

Information security initiatives
At Meiko, we receive important information from customers.
We therefore recognize the importance of information
security. Since the initial certification in 2006, we have been
extending the coverage of certification step by step toreinforce the information management system.
January

2006 The Information System Division of our
Headquarters obtained BS7799-2
certification.

October

2009 Four applicable departments at Wuhan Plant
in China obtained the certification.

December 2010 Six applicable departments at the Guangzhou
Plant in China obtained the certification.
December 2016 Applicable area of certification within Japanwas extended.
September 2017 Four applicable departments at Vietnam
Plant obtained the certification.
November 2018 Coverage in Japan extended

Drill against targeted e-mail attack
To raise the risk consciousness of information security, adrill has been implemented every year since 2017 as asimulation for targeted e-mail attack by sending a sample
e-mail to all e-mail users based in Japan. We plan topractice this type of drill in the future on a regular basis.

Management Report

Risk Management
Major Activities in 2018

Future Plans

Specified and assessed anticipated risks

Prepare and increase emergency stock

Prepared Initial Response Manual of Emergency
Headquarters

Initial Response drill of Emergency Headquarters

Safety Confirmation Service drill (practiced every
year)

Safety Confirmation Service drill (practiced every
year)

Meiko has created a set of Crisis Management Regulations, and also BCP Basic Policy andEmergency Manual thereunder, which assume a variety of risks associated with environments,
disasters, quality and information security. We have also created a Business Continuity Plan
(BCP) for each of our factories to minimize impact on the customer’s production plan in
preparation for emergencies. As a measure 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 andprevent reoccurrence.
Types of crises and risks

Information security initiatives

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 inmacroeconomic conditions, and country risk at overseas
bases relating to politics, economics, and infrastructure.
Meiko has created the Business Continuity Plan (BCP) for
each site in preparation for emergencies. These plansdescribe various measures against relevant risk factors,
ranging from a consideration of risk prevention measures topost-disaster recovery work. We also reinforce our risk
management system through ERM (Enterprise Risk
Management) activities.

Meiko conducts business impact analyses of various risk
factors, and creates manuals for each site setting therecover y time objective (RTO) and simulating initialemergency response systems. We will continue to regularly
perform BCP reviews as well as simulation drills, equipment
and supply preparation, and employee awareness raising inorder to ensure that BCP can be carried out smoothly.

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 the safetyof employees and convey information in the event of anearthquake with a seismic intensity of 5 lower or higher, orother disasters or accidents. We perform company-wide
educational training twice a year to ensure effective use of
the system in the event of disasters.

● Emergency Headquarters
Chief of Emergency Headquarters(President & CEO)Assistant Chief
Risk Management
and Compliance
Committee
Administrative Section

Local Response Headquarters
Group in charge of recovery
Group in charge of operations measures
Group in charge of General affairs
and human resourcesGroup in charge of collection ofcompany-wide information
Division in charge of individual risks

CSR Report 201930

Corporate Profile (as of September 30, 2019)5-14-15, Ogami, Ayase, Kanagawa, Japan 252-1104

Established November 25, 1975●

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

Capital 12,888 million yen●

Yamagata Factory
250, Maki, Yachi, Kahoku-cho, Nishimurayama-gun, Yamagata,Japan 999-3511

Headquarters
Production
Sites

Executives
President & CEO
Director andSenior Managing Executive Officer
Director andSenior Managing Executive Officer●

Ishinomaki Factory
8-5, Shigeyoshi-cho, Ishinomaki, Miyagi, Japan 986-0844●

MEIKO Research and Development Center
3-35-6, Sugikubo-minami, Ebina, Kanagawa, Japan 243-0414●

China 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

Director andManaging Executive Officer
Director andManaging Executive Officer

Takahiro Matsuda
Jyunya Wada
Yoon Ho, Shin

Director

Nao Tsuchiya
Yosuke Nishiyama
Toyohiko Tsuyuki

Director

China Wuhan Plant (Meiko Electronics (Wuhan) Co., Ltd.)
No.9 Shenlong Road, Wuhan Economic and Technological Development Zone,
Hubei Province, P. R. China

YDirector●

Vietnam Plant (Meiko Electronics Vietnam Co., Ltd.)
Lot LD4, Thach That -Quoc Oai Industrial Zone, Hanoi

Auditor●Thang Long Plant (Meiko Electronics Thang Long Co., Ltd.)
Lot J1-J2, Thang Long Industrial Park, Vong La Commune, Dong Anh district,Hanoi City●

Meiko Techno Co., Ltd.
1-14-1, Daikan, Yamato, Kanagawa, Japan 242-0025●

Yuichiro Naya
Takahide Hirayama
Masakuni Shinozaki

Senior Corporate Auditor

Takashi Harada
Takayuki Satou

AuditorNo. of Employees:

11,843 (consolidated)(Japan: 856; Overseas: 10,987)

Main Business

Design, manufacturing and salesof PCBs, associatedelectronics-related businesses

Five-year Financial Summary
2015

2017

2018

2019

Sales

(100 Million yen)

908

952

959

1,085

1,189

Operating income(100 Million yen)

△28

33

57

74

89

Ordinary income(100 Million yen)

10

△4

29

47

86

Net income (loss)(100 Million yen)

△95

△112

17

43

67

（yen）

△365.76△429.8354.14

160.34257.65

Net income (loss) per share

Changes in consolidated net sales

Changes in consolidated ordinary income(100 Million yen)

908

1,000

952

959

1,085

1,189

(100 Million yen)

60

600

40
20

200
0

86

80

800

400

47
29
10

△4

0
2015

2016

2017

Sales composition by application (Fiscal 2019)
Automobiles 46.1％
Other than PCB 13.2％
Other usage 4.8％
Digital home appliance 1.6％

2018

2019

2015

2016

2017

Sales composition by product (Fiscal 2019)
Double-sided PCB 6.4%
Other than PCB 6.3%
Other PCBs 2.6%

Office equipment 3.6％

HDI PCB 40.8%

Storage 5.4％

Six-layer PCB 18.7%

Smart phones 22.8%

31

2016

Four-layer PCB 25.2%

2018

2019

Product Lineup that Meet the New Needsof Our Changing World
Meiko’ s PCBs contribute to a richer society and more comfortable lives.
Heavy copper PCB
AnyLayer PCB
AnyLayer PCBs are HDI PCBs which permit
unlimited connections between layers thanks
to cutting edge technologies such as
ultraprecise CO2 lasers and filled plating.
These PCBs are mainly used in smartphones.

Heavy copper PCBs are used in products which
use large amounts of electricity, such as solar
power generation equipment and high powered
eco-friendly car motors. Their copper circuit
patterns are far thicker than those of
conventional PCBs, therefore they have
improved the heat dissipation capacity.

Module PCB
Double-sided/Multi-Layer PCB
There is a variety of double-sided, multi-layer
PCBs, from two layer PCBs to ten layer PCBs,
from standard PCBs to PCBs with special highheat dissipation or physical characteristics, tosuit a wide range of applications.

Module PCB
Module PCBs are ultra-thin HDI PCBs which
support bare chip mounting and high density
mounting. They are used in package modules
such as transmission and camera modules.

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 onother layers makes it possible to achieve highdensity and integration. These PCBs can beused in mobile phones, digital cameras, andother devices which require high density wiring
within a limited amount of space.

Metal Base Heat Dissipation PCB
Metal base heat dissipation PCBs are
long-lasting boards and are used for mounting
environmentally friendly LED chips. They areu s e d i n h o m e a n d o f fi c e l i g h t i n g , L C D
television backlights, and automobile
headlights, etc.

Embedded Passive Devices PCB
Embedded passive devices PCBs containembedded devices such as chip condensers
and chip resistors. They use the shortest
possible wiring distance between surface
mounted ICs and embedded passive device
PCBs to improve electrical characteristics.

CSR レポート 201932