M E I KO C S R R E PORTK O

C O R P O R A T E

S O C I A L

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

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

Editorial policy
In publishing the CSR Report 2017 (English version)
We published CSR Report 2017, our tenth 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 will find in theReport that we are united in a constant commitment to earn your trust by acting responsibly as a good corporate
citizen.
●Intended audience
Meiko Electronics Co., Ltd. and affiliated companies●Reference guidelines“Environmental Reporting Guideline (Fiscal Year 2012

●Coverage
Meiko Electronics Co., Ltd. and affiliated companies

Version)” (Ministry of the Environment)●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●Date of publication
This report: October 2017

“G4 Sustainability Reporting Guidelines”

undertaken during Fiscal 2016 (April 1, 2016 to March* For the purposes of this report, “Meiko” refers to the31, 2017). Sections outlining past activities might

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 oinclude details relating to prior periods. Similarly, toElectronics Co., Ltd. and its affiliated companies.

provide the latest information, this report might also
contain details occurring after April 2017.

■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■ ISO26000 Comparison

Environmental Management Subcommittee

President & CEO

Quality Assurance Subcommittee
CSR Officer

Information Security Subcommittee

Consumer Issues

Human Rights

Labor Practices●For
F Customers→P5
Cuust
sto
tomer
erss→P5P●For Employees→P10
Employee
Emplo
yeees→P10
P●For Em
Employees→P10
mployeeplo
l yee
yeess→P1
P 0
P10

Compliance Subcommittee
Area-specific committee
members
Site-specific committee
members

Risk Management Subcommittee
Human Rights and Safety Management
Subcommittee
Social Contribution Subcommittee

The Environment

Organizational GovernanceCommunity Involvement
and Development●Basic Environmental Plan→P15●Corporate Governance→P22●For Local Communities→P13●System for Complying with Environmental●Internal Controls→P23

Laws and Ordinances→P16●Compliance→P24●Prevention of Global Warming →P17

●Information Security→P26●Cyclical Use of Resources→P19

Supply Chain Subcommittee●Risk Management→P27●Prevention of Contaminating theTechnology and Development Subcommittee

Ecosystem→P20●Management of Chemical Substances■ EICC Framework

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

Materials procurement
Labor

Environmental protection

Protection of dignity of,
and respect for, employees

Consideration for
the global environment

Management System

Research and development

Sales

Marketing

01 Meiko’s CSR

05 Social Report
For Customers
For Business Partners
For Employees
For Shareholders and Investors
For Local Communities
15 Environmental Report

Contained in Products→P21

Manufacturing and quality assurance
Recycle and reuse

INDEX
03 Message from the President

Corporate Governance Subcommittee■Conducting CSR activities
throughout our value chain

1●For Business Partners→P8●For Shareholders and Investors→P12

News Report

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.

Fair Operating Practices

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

CSR Report 20172

Message from the President

Contributing to local regions
and communities
to earn their trust

In our business activities, we are working to reduce

issues in awareness of the global standards withthe environmental burden and risks of ourregard to corporate social responsibility.

production processes and enhance resource efficiency,
thereby contributing to a sustainable society. We

In June 2015 we constructed Solar Park Fukushimaproceeded with the commercialization of various

within the premises of Meiko Fukushima Factory. On

products, including high electric current PCBs, highthe land adjacent to the Solar Park, additional solar

heat dissipation PWBs and high-frequency PWBs.

panels have been set and started photovoltaic power

These products are important components forgeneration in April 2017.

A company is closely tied to the communities and regions in whichphotovoltaic power generation, hybrid cars, electric

it operates, as well as to the earth, existing as a member of thosevehicles and other applications that contribute to the

The new power generating area is approximately

social spheres. We at Meiko always bear in mind the role that werealization of an environmental society or enable

7,500m2 installed with 2,016 solar panels, and theneed to fulfill in these spheres as we seek to be accepted and growvarious functions relating to the safety and security

generating capacity is 534KW. The total generating

to be a company worthy of the public’s trust. Furthermore, weof driving vehicles. Our supply chain approach does

capacity including the original Solar Park is aroundbelieve that it is an important social responsibility to actively

not consist merely of low-cost procurement but also

3,000KW. The Solar Park has achieved stable power

disclose our results with regard to these issues and to create

takes into consideration resource depletion andgeneration every month. With the launch of thegreater value through communication with our stakeholders.

ecological degradation. In addition, we address the

additional facility, the business will grow further.

Recently, for example, the earth has been facing various challenges,

problem of conflict minerals from and child labor inincluding environmental destruction, resource and energy issues,areas beset by civil wars and ethnic conflicts by

We believe that our activities will contribute further

human rights issues, and natural disasters and food shortages.

setting forth a Group policy of eliminating thein promotion of renewable energy, building ofThese challenges are common to all of humanity, and they require

procurement of materials from the relevant areas

sustainable society and global environmental

and companies. As regards compliance, we provide

preservation, which are actively promoted byregulations and manuals for all employees with due

Hirono-cho and Fukushima Prefecture since therespect to various norms and ethics around theGreat East Japan Earthquake.

international organizations, national governments, companies andindividuals to work together and address their respective roles. We
at Meiko are fully aware of the role we need to fulfill and areworking earnestly on these challenges.

President and CEO

Yuichiro Nayaworld. Each of our employees is working on complianceCorporate Charter

Meiko Group Business Principle

The Meiko Group aims to become a useful presence to as many members of society as possible.
Acting in accordance with the following nine principles, we aim to act as a global company
contributing to the creation of a sustainable society.

Provide the best quality and service to customers andcontribute to the betterment of society. Strive to create “the best.”
Elevate our corporate value to improve the well-beingof our employees and society.

will develop and supply products and services that are both useful to society and highly reliable in order to
1 Weguarantee customer satisfaction and earn their trust, paying full attention to quality, safety and customer data protection.
2 We will strive to develop creative technology and pave the way for new business in order to help create a brighter future.
will engage in fair, free and transparent competition band fair trade and will maintain sound, healthy relationships
3 Wewith political and administrative bodies.
We will communicate with our shareholders, customers, investors, business partners, employees and other

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

4 stakeholders and actively disclose corporate information in a fair and timely manner to ensure that our corporate
activities are as transparent as possible.

5

We will respect diversity and individual employee’s personalities and ensure that all working environments are safe,
motivating and comfortable.

6

We will reduce environmental impact and contribute to the creation of a sustainable society, in recognition of the factthat we all need to do our part to tackle environmental issues.

7

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

93Management will enforce this charter within the company, leading by example in recognition that it is their responsibility to
put the spirit of this charter into practice, and raise awareness amongst group companies and suppliers. Management willcontinually monitor internal and external feedback, exercise effective governance and rigorously implement corporate ethics.

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
Continuine 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

ProvidingPProrrovid
ding
ng
g out
ou
outstanding
utst
tst
stand
an
nd
din
iing
ng
ng value
value
va
valu
alu
l
and services
Improving customer satisfaction

Working
ing totogethertoge
ogegetthetthhherr withwit
ith
th local
th
llo
ocal
ca
al c
a
co
communities
omm
mmu
m
mu
m
un
Prioritizing environmental preservation
on a local and global scale

CSR Report 20174

Social Report

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

Receiving awards from our customers

Initiatives for Quality Assurance

Major Activities in 2016
Supervised defective items identified by customer
complaint and factors thereof and conducted
in-process quality improvement activities.
In order to reinforce the sharing of past problems,
the Quality Assurance Headquarters held DefectCommunication Committee meetings to improve thesystem of identifying and sharing major material
defects.
Conducted an internal audit of manufacturing
processes for all factories to analyze and compare thestrengths and weaknesses of each factory, followed bymeetings to share case reports of each factory.
Implemented a review on our system to reinforce andstrengthen the 5M1E change management.
Restructured activities of the Standardization
Committee to promote the company-widestandardization of the MES.

● Received an award from

Panasonic Automotive &Industrial Systems
Company

Future Plans
Make improvements in terms of design andmanagement, based on customer complaint andinformation on in-process defects, in order toachieve the target of “zero” market defects.
Continue to share cases of past problems among
relevant parties to prevent the occurrence of
defective products.
Continue to conduct and upgrade the internal auditof manufacturing processes.
Further perform thorough management ofmodifications.
Develop a company-wide system to address andmanage abnormalities (review of the system).
Involve the Standardization Committee in promoting
the standardization of the MES.

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 andmake a contribution 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

Based on the Fiscal 2016 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.

Assurance of quality that meets customer needs
H o r i z o n t a l d e p l o y m e n t o f t h e g r o u p ’s f o u roverseas factories● Quality Assurance Efforts at Meiko
Design Quality

Manufacturing Quality

Flow of Receipt of Orders /Manufacturing /Shipment Design Quality

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

On March 17, 2016, the Wuhan
Plant won the “Best SupplierAward” of Panasonic Automotive& Industrial Systems Company for
its activities in the PCB quality
improvement project.
● Received an award from

Hirose Plant, Toyota
Motor Corporation

On May 27, 2016, the Yamagata
Plant won the excellence awardof Toyota Motor Corporation for its
development of the “Activities for
In-process Three Zero-Defects,”
the basis of direct transactions
with Toyota Motor Corporation.

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 2016, 45 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 ISO/TS16949
certifications
At Meiko, we have obtained ISO9001 and ISO/TS16949
certifications, which are global standards, and have beenworking on continuous improvements.

●The ISO9001 and ISO/TS16949 certifications we have obtained
ISO9001
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 obtained by
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.
ISO/TS16949
Apr. 19, 2004 Guangzhou Plant in China obtained
certification.
Mar. 22, 2011 Wuhan Plant in China obtained
certification.
Jan. 9, 2013 Vietnam Plant obtained certification.

ISO9001 (Japan)

IISO/TS16949(Vietnam Plant)* 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).

VOICE

Employee’s

Section Manager in charge of theVietnam Plant certification project
Quality Assurance Department

Toshinobu Yamamoto
I am Yamamoto, and I am in charge of the Vietnam Plant
project to acquire certification as a supplier from European
clients that manufacture car-mounted components. The
automobile industry is not only experiencing electrification, as
seen in the shift from engines to motors, but also theaccelerating progress of electronic device technologies
particularly in automated driving. The technical requirements
for PCBs have advanced accordingly, and the demand forhigher quality, including durability, also has increased.
Meiko supplies its products to manufacturers of car-mounted
components chiefly in Japan. In recent years, however, wehave received an increasing number of inquiries frommanufacturers based in Europe. The Vietnam Plant, which
will be a leading location to serve these potential clients, ismaking all-out efforts to acquire client certification as earlyas possible.
Although doing business with European manufacturers
involves various difficulties due to the differences inlanguage, ways of thinking, mindset and culture, we provide
our younger staff with opportunities to take charge of suchglobal projects so that they can accumulate valuable
experience and expertise from overcoming such difficulties.
To survive in the drastically changing automobile industry
market, we will fully utilize our accumulated experience andexpertise so that we can supply products of high quality andreliability to manufacturers of car-mounted components
throughout the world.

CSR Report 20176Social ReportSocial Report

For Customers

For Business Partners

Product Development

Major Activities in 2016

Future Plans

Major Activities in 2016

Future Plans

Newly developed onboard communication PCBs andsensing PCBs.

Prepare for mass production of onboard
communication PCBs and sensing PCBs.

ontinue performing purchasing audits based on crisis
management standards

Developed copper inlay PCBs.

Prepare for mass production of copper inlay PCBs.

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

Newly develop onboard FPCs (Flexible printed
circuits).

Performed conflict mineral survey in October 2012,using EICC standard format

Research for high-heat releasing resin and PCBs forenergy harvesting

Performed an environmental measure survey basedon the latest version of regulations such as REACH
regulations <SVHC169 substances>

Newly developed high-heat releasing, insulating resinmaterials for metal base PCBs.
Developed in-vehicle embedded passive devices
PCBs(Power IC).

Meiko promotes product development aiming to “challenge for the best” in order toprovide the most appropriate PCBs to meet various customer demands. Throughoptimization 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.
In this world where automobile is expected to become amoving computer, PCBs are used in many forms. Onboard
units are explained here in 5 groups (Chart 1).
Communication system and information system: In
communication modules and navigation, multi-layer piled
high-density module PCBs are used. In addition to thedensification technology developed through smartphone, we
aim to enhance the reliability of onboard standards.
Body system: Metal base heat releasing PCBs are used forheadlight. By developing high-heat releasing insulating
resin materials, we realized lineup of resins with 10W/m・K
heat conductivity. On top of that, we are preparing for mass
production of copper inlay heat releasing PCBs aiming forsmaller and lighter products.
Power train system: Heat releasing ability of inverter,

converter and junction box was improved by embedding
Power IC to the passive devices PCBs. Apart from this weare developing the manufacturing method for super heavy
copper (up to 0.4mm) for heavy copper PCBs.
S a f e d r i v i n g s y s t e m : F o r m i l l i m e t e r w a v e r a d a r,
manufacturing method for PCB combining low dielectricmaterials and FR-4 has been completed and preparation isunderway for practical use.
As you can see there are many types of PCBs for in-vehicle
use. We will strive for further development of these PCBs. At
the same time we are ready to make efforts to extend theusage of PCBs, by developing impedance control PCBs forhigh-speed transmission aiming at system integration, andthrough industry-academia joint research on new type of
PCB for energy harvesting.

Communication system

Communication module

High-density module PCB

Evaluated

Information system

0.4/0.5 pitch CSP

Multistage buildup PCB

Evaluated

LED lighting

Metal base heat releasing PCB

Trial

Smaller and lighter

Copper inlay heat releasing PCB

Trial

Power IC heat release

Embedded passive devices PCB

Trial

High-speed transmission

Impedance control PCB

Trial

High-frequency compatible

Millimeter wave radar PCB

Trial

Power train system
Safe driving system

Automotive technology

PCB technology

Year 2017

Year 2020

Year 202X

Perform latest version management and clarify
non-use guarantees

Basic Procurement Policy

Request to our business partners

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 criticalissue.
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.

In accordance with the measures for the environment
included in our Basic Procurement Policy, we are calling for
more than 300 business partners to understand andpractice matters concerning the four points below. In
addition to control of greenhouse gas emissions, waster e d u c t i o n , a n d m a n a g e m e n t o f s p e c i fi e d c h e m i c a l
substances, which we naturally undertake in our internal
production activities, we also implement a variety ofmeasures to ensure environmentally friendly procurement.
We ask our business partners to implement andrecommend green procurement, and also request that
distribution and sales activities be undertaken in anenvironmentally friendly manner. Specific results ofactivities for 2016 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 of young workers based on the EICC standard
format and environmental measure surveys based on thelatest version of regulations such as REACH regulations.

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 by
supply chains and surveys on the employment ofyoung workers.

Body system

Perform continued investigation for manufacturers
for whom sourcing locations are unknown

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

7

Supply Chain

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

CSR Report 20178

Social ReportSocial Report

Business Partner’s

VOICE

Hitachi Chemical Company, Ltd
Marketing & Sales Operations
Global Market Strategy Integration Division

ISAO HARADA
We are sincerely grateful to Meiko Electronics Co., Ltd. for its
longtime patronage of our photosensitive dry ﬁlm “Photec”
and PCB material “MCL” at Meiko’s business bases in Japan,
China and Vietnam. In order to realize a sustainable society inharmony with the global environment, Hitachi Chemical ismaking efforts to reduce environmental burden on a global
basis in terms of our business activities, products andservices. Hitachi Chemical regards harmonization with theglobal environment as one of the top managerial issues. The
common environmental visions for the Hitachi Group as awhole, “Prevention of global warming”, “Cyclical use ofresources”, and “Preservation of ecosystem” also stand as
the three pillars of environmental visions for Hitachi
Chemical.
We see that “strengthening of environmental measures(chemical substances measures/green procurement)” is partof the Meiko’s Basic Procurement Policy. Accordingly Hitachi
Chemical is working to reduce waste at the time of delivery,
as well as to supply more halogen free materials.
In our valuable business partnership with Meiko, we willcontinue to lessen the damages to the environment. Your
continued patronage of our products would be appreciated.

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 against Delays in the Payment 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
shall be undertaken through compliance with laws andordinances concerning purchasing and procurement
activities.
2 . Business partners’ information that we obtainthrough purchasing and procurement activities shall be
kept conﬁdential and the information security system for9

For Employees

preventing the leakage of conﬁdential and personal
information shall be strengthened.
3 . Entertainment and gifts for business partners shallbe permitted to the extent that would normally beconsidered reasonable, but shall be prohibited if such acts
result in personal proﬁts.
4. Efforts shall be geared toward eliminating antisocial
forces, procurement of conﬂict minerals and young labor.

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 equipment(2) ELV Directive :A directive adopted by the EU to reduce theenvironmental burdens of end-of-life vehicles(3) REACH Regulations :EU law for protecting people’s health 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 s t r i v e t o r e d u c e t h e d i s c h a r g e o f i n d u s t r i a lwaste and encourage the use of this waste as a valuable
resource by recycling it or using it in other ways together
with our business partners.

Conflict-Free Procurement Policy
In August 2012, the U.S. Securities and Exchange
Commission (SEC) adopted the rules on conﬂict minerals
under the Dodd-Frank Wall Street Reform and Consumer
Protection Act. Meiko is eliminating conﬂict minerals from its
supply chains. Meiko has deﬁned a Conﬂict-Free Procurement
Policy which consists of using EICC/GeSI questionnaire-based
surveys, response disclosure, and follow-up actions toeliminate resource procurement which includes conﬂict
minerals.

Future Plans

Major Activities in 2016

Environmental measures (green procurement)
In accordance with the “standards concerning theenvironment,” we encourage environmentally-friendly
purchasing and procurement activities together with ourbusiness partners.

Creation of a Comfortable Working Environment

Promoted the creation of a comfortable working
environment and system for womenContinue promotion efforts

Developed next-generation leaders who epitomize
the values to be shared by all employees

Provide intensive education on manufacturing
technologies and reinforce self-development
programs

Initiated management training for employees
stationed overseas and the dispatch of employees tooverseas locations

Cultivate next-generation management

In line with the concept that “the greatest asset of a company is its human resources,”
we focus 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
are able to exercise their abilities. For women employees, a
reduced work hour system is promoted for those returningfrom maternity or parental leave. In ﬁscal 2016, three
employees took parental leave, two employees returned towork and twenty-two used the reduced work hour system(excluding Group companies).
At oversea locations, many Japanese employees are atwork in addition to local employees, and in Japan as well,dozens of foreign national employees are at work. We alsotransfer personnel and exchange employees between MeikoGroup companies, both in Japan and overseas, to develop
global human resources and stimulate the further
revitalization of our human resources.

Employment of persons with disabilities
Since Fiscal 1991, Meiko Electronics Co., Ltd. (excluding its
Group companies) has continued to achieve the legallyrequired number of employees with disabilities in accordancewith the Act on Encouraging the Employment of Persons with
Disabilities, except for Fiscal 2010 and Fiscal 2011. In Fiscal
2016, however, we were not able to meet the legal
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 2017.
●Changes in the number of our employees with disabilities and the number required by law(Fiscal 2012–2016)
Legal requirement
Employees (Persons)■Total Employees (Persons)
1,000
750

803

767

756

500

15

17

15

250

14

15

15

0

2012

2013

2014

40

705

697
13
13
2015

30

14
10
2016

20
10
0

Employment and exchanges of global humanresources
Currently, approximately 41 employees from overseas
countries, including China and Vietnam, are working at
Meiko’s business establishments in Japan, while 84 Japaneseemployees are working overseas. Until Fiscal 2016, a total of
227 persons had completed the language and skill training inJapan intended for future executives of our overseas
subsidiaries, which has been offered every year since Fiscal
2003.of employees with disabilities in Fiscal 2017.

Parental Leave andReduced Work Hour
System User’s

VOICE

Supervisor
Finance Headquarters

YOSHIE ISHIZAWA
Giving birth to my ﬁrst child in October 2012 and second in
December 2014, I took parental leave twice. I have now
returned to work using reduced work hour system for childcare.
I still remember how much support I received from mysupervisor and coworkers when I returned to work after
having my ﬁrst child. I did not think of quitting work becauseof having kids. By having work, I can live a lively life at home,too. Thanks to the reduced work hour system I work from 9
to 16 while keeping a good frame of mind and body forhousework and child care also. Without the system, it would
have been difﬁcult for me return to work physically. Due tooften change of children’s physical conditions I sometimes
need to ask for a sudden absence. I appreciate the system
and understandings by my colleagues.
After returning to work I was given the opportunity tochallenge a new task. I am expecting my third child soon.
Work style differs among people. I hope that reduced workhour system will be utilized to meet the individuals’ lifestyle.

(Note) Legally required number of employees with disabilities = Number of permanent

CSR Report 201710

Social ReportSocial Report

Employee safety and health initiatives
Global Employee’s

VOICEManager, Mechatronics Department
Meiko Trading and Engineering Co., Ltd.

Nguyen Van Thuan

After joining Meiko Vietnam in 2007, I was transferred to the Meiko Headquarters where I was engaged in development of internal system
and maintenance operations at Information System Department for about 4 years. In June 2012, I was sent to the Vietnam Plant, in myhome country, as a manager for information system department.
At that time the plant had just started its production operation. Based on my experience and knowledge acquired at the Headquarters, I
worked to set up various structures to support the plant operation, such as network system, operation administration system, fire
prevention/fighting system, etc.
In April 2017 I was transferred to MTE (Meiko Trading and Engineering), Meiko’s subsidiary in Vietnam, where I mainly work as a set-up
team member for new businesses including automated system, design of soldering robot, visual business-related software development, etc.
Since my current task of setting up new businesses require know-hows and skills which are not related to PCB manufacturing, I must
learn new things every day. However, here in Vietnam where significant economic growth is expected, challenging new tasks gives me
great satisfaction. At the same time I feel my growth as a human through work.
I am grateful to my company for giving me the chance to be responsible for such an important task. I will keep on working so that thebusiness which I am in charge of will contribute to the whole Meiko Group very soon.

11

Educational Programs● Job-class-specific training

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).

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 arecompleted

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

For Shareholders and Investors Improvement and Expansion of IR Activities
Major activities in 2016
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

Future Plans
Continue holding explanatory meetings
Continue globalization and deliver valuable
information for investors

Produced English versions of IR tools for foreign
investors

One of the pledges made in our Code of Conduct is:“We will ensure that our corporate activities and management practices are soundand transparent, and we will continue to be a trustworthy company to ourshareholders and investors to generate corporate value.” Based on this pledge, weare striving to maximize our corporate value by engaging in sound, fair corporate
activities while complying with laws and ordinances.
Timely and adequate disclosure of information

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 key information 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 201712

Social ReportSocial Report

For Local Communities

Social Contribution

Major activities in 2016

Major activities in 2016

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.

● Local clean-up activities

Plant visit for neighboring high schools

In cooperation with the neighboring high schools, Meikoholds plant visit and accepts internship so that the students can learn
about the society and local business through practical experience.
Fukushima Plant received three students for work experience and 20
to 30 students for plant visit from two neighboring high schools. The
students enjoyed importance and pleasure of manufacturing throughthe new world of actual operation and manufacturing processes.
Plant visit

At Meiko, we encourage social contributions by our Headquarters and groupcompanies to build close relationships with local communities. We will continue toactively participate in environmental beautification activities and other events
organized by the local governments in 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

Action1

Action2

Meiko is actively involved in blood donation activities at bases in Japan and overseas.

At the Fukushima Factory, 15 employees in September and 13 employees in March donated blood as a small part oftheir contribution to society, hoping they can help save someone’s life. Also at the Yamagata Factory, 20 employees in June and 25
employees in October donated blood.
From the Guangzhou Plant, as many as 67 employees participated in a blood donation activity in June held by the Nansha District
government.

Miyagi● Weeding at harbor area of Ishinomaki

YamagataThang Long
● Local clean-up activities● Provision of internships for students from local

high schools● Local clean-up activities / Yach Industrial Park

Vietnam● Pay visit to employees family

members who are seriously sick
● Sponsorship of a local wrestling

tournament● Presentation of new year gifts to theblindGuangzhou● Participation in a blood donation● Semiannual participation in blood donation

activities(20 participants in June, 25 in October)

Fukushima● Co-sponsoring the Hirono-cho Summer Festival(provided co-sponsorship money and fireworks)● Semiannual participation in blood donation

activities(15 participants in September, 13 in March)

Headquarters and Kanagawa

activity held by the Nansha District
government (67 participants in June)● C o - s p o n s o r i n g t h e Ay a s e E n v i r o n m e n t a l●Donation to Nansha District● C o - s p o n s o r i n g t h e Ay a s e C o m m e r c e a n d

Elementary School and Dachongcun
Elementary School on “Children’s Day”
to support the local school education● Visit to Nansha Fire Brigade to

Network

Action3Social contribution activities suited to the local community

Meiko’s Guangzhou Plant was awarded “Guangzhou City Labor RelationshipHarmony Company-Class A” by Guangzhou City Human Resources and Social Security
Department.
Guangzhou Plant also made donation to Nansha District Elementary School and Dachongcun
Elementary School on “Children’s Day” to support the local school education.
From Meiko’s Vietnam Plant, visits were paid to the employees family members who areseriously sick. Other activities closely related to the local community includes sponsoring of theWrestling Festival in Phung Xa Village.

“Guangzhou City Labor RelationshipHarmony Company-Class A” plaqueIndustry Fair
● C o - s p o n s o r i n g t h e “ Ay a s e F u r e a i - n o - i e ”

m a n a g e d b y t h e Ay a s e C o u n c i l o f S o c i a l
Welfarepromote interactions with Fire
Department and handed theappreciation banner● Co-sponsoring the Ayase City Fireworks Display● Aw a r d e d “ G u a n g z h o u C i t y L a b o r

Children’s Baseball Foundation and the Meiko
Cup

Relationship Harmony Company-ClassA” b y G u a n g z h o u C i t y H u m a n
Resources and Social Security
Department

Blood donation activity at the 6uangzhou plant● H e l d t h e s p r i n g g a m e o f t h e Ay a s e C i t y

Dachongcun Elementary School

Nansha District Elementary School● Co-sponsoring the 15th Kanagawa Prefecture’s

Skills Competition for People with Disabilities,
Abilympics 2017
● “Prevention of car accident” campaign,

donation to neighboring elementary and middle
schools

13

Visiting the sick family members

Sponsoring the Wrestling Festival in Phung Xa Village

CSR Report 201714

Environmental Report

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.

To implement our Basic Environmental Policy, we have established an ISO
environmental management system, and have appointed a person responsible forcontrolling the environmental management system (EMS) at each plant in Japan andoverseas. We also strive to protect the environment through CO2 reduction and zero
emissions activities, etc. conducted by the cross-company Energy Saving Committee.

Major activities in 2016

Future Plans

CO2 emissions increased slightly compared with theprevious year

Reduce energy per production volume by 1% or more

Board of Directors

Promote the replacement of fluorescent lamps with
LED lamps

President & CEO

Added eco-friendly cars to the company-owned
vehicle fleet
Maintained a 99% or higher waste recycling rate
(Plants in Japan only)
Employed systems such as our waste exchangesystem to utilize disused items●System for furthering Environmental Management

Strive for 100% waste recycling rate
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 environmenta n d c o m m i t t i n g t o c l e a n a i r a n d w a t e r a re c r i t i c a l
responsibilities that we have for the generations thatcome after us. We use resources effectively and operate ina way that is compatible with our living environment.”

Meiko’s businesses include the patterndesign and manufacturing of printed
wiring boards and the manufacturing of
metal masks, as well as the development
and manufacturing of electronic devices.
We consider the implications of these
activities for the environment, andemphasize the importance of reducing
their impact in terms of prevention of
global warming, cyclical use of resources
and prevention of contaminating theecosystem.
In accordance with our basice n v i r o n m e n t a l p o l i c y, w e f u l l ycomprehend the impact our businessactivities have on the environment. We
make every effort to prevent
environmental pollution and reduce ourenvironmental footprint through thefollowing measures:

General Manager Responsible
for EMS (Japan)

General Manager Responsible
for EMS (Guangzhou)

General Manager Responsible
for EMS (Wuhan)Preventing
globalwarming

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

Person responsible for EMS
at Headquarters District

Guangzhou Plant in China

Wuhan Plant in China

Vietnam Plant

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

Reusing
naturalresources

Preventing
pollutionof theecosystem

1. We have established a structure for strengthening our environmental
conservation activities, and we develop and revise our environmental
management system, operate the system appropriately to reduce our impact
on the environment, and work continuously to improve both.
2. We contribute to environmental conservation by making efforts to conserve
resources and energy, reduce waste, and encourage recycling.
3. We will properly manage chemical substances in products so that the
product does not contain harmful chemicals.
4. We properly manage chemical substances contained in our products andmake sure our products do not contain toxic chemical substances.
5. We properly manage chemical substances in the production process to limit
their usage and reduce their environmental impact.
6. We observe all laws, regulations, ordinances, and other requirements
concerning the environment.
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 are also making it available to the public.
October 19, 2017
President & CEO Yuichiro Naya

General Manager Responsible
for EMS (Vietnam)

Internal environmental auditor fromthe ISO Promotion Secretary

Person responsible for EMS at
Fukushima Factory●Environmental Action Guideline

15

System for complying with environmental laws and ordinances

Thang Long Plant

ISO14001 Promotion Secretariat at Headquarters● Management concerning ISO14001● Promotion of environmental improvement

・Energy conservation
・Waste reduction

Acquisition of ISO14001 certification
We view ISO14001 as an important standard for environmental
management, began to take action toward obtaining certification in Fiscal
2000, and have since continued these initiatives at our plants in Japanand overseas.
● Our acquisition of ISO14001 certification
Mar. 27, 2001
Sept.25, 2001
Apr. 17, 2003
Apr. 30, 2003
Apr. 22, 2005
Apr. 22, 2005
Apr. 28, 2006
Feb. 20, 2007
Mar. 26, 2009

Jun. 18, 2010
Jan. 15, 2014
Apr. 24, 2015

Headquarters and Kanagawa Factory
Yamagata Factory
Extended certification obtained by the Fukushima Factory
Guangzhou Plant in China obtained certification
Integrated certification obtained by the three Factories inJapan
Extended certification obtained by M. D. Systems Co., Ltd.
Extended certification obtained by Solder Stencil Dept.
Wuhan Plant in China obtained certification
Extended certification obtained by Meiko Research andDevelopment Center, Yamato Technology Center and Jig
Division
Extended certification obtained by Thach That Plant in
VietnamIshinomaki Branch Factory obtained certification again
Thang Long Plant in Vietnam obtained certification

ISO14001 Certificate forfactories in Japan

ISO14001 Certificate for Wuhan
Plant in China

ISO14001 Certificate for
Guangzhou Plant in China

ISO14001 Certificate for ThangLong Plant in Vietnam

CSR Report 201716

Environmental Report

Environmental Report● Changes in the amount of our CO2 emissions

Complying 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 2016, 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.

● Changes in our electricity consumption(based on the figure for Fiscal 2012 set to 1.0)

VOICEManagement’s

General Manager Responsible for
EMS/Director and Managing
Executive Officer

Takahiro Matsuda■Total amount of emissions (1,000 tons of CO2)
500
400

2.0

300

1.5

200

1.0

100

0.5

0

Based on Meiko’s environmental policy, we are taking
measures to conserve resources and energy, reduce
waste, encourage recycling and properly manage chemical
substances contained in products, as well as those in the
production processes, to limit their usage and reduce theirenvironmental impact.
These environmental efforts have the best effect whenboth the tangibles, such as systems and equipment, andthe intangibles, such as employees’ persistent efforts,
work together. Apart from introducing new initiatives, we
also encourage the improvement of conventional efforts to
produce better results companywide.
Recently the international framework for climate change
has become widely known and people’s awareness forprotection of environment has increased significantly.
We will continue to reduce environmental risks to help
conserve the global environment and contribute to society
as we aim to conduct environmentally friendly
manufacturing.

2012

2013

2014

2015

2016

0

● Changes in our fuel oil consumption(based on the figure for Fiscal 2012 set to 1.0)

■Total consumption (Million kWh)Rate of consumption per production volume

500

2.0

375

1.5

250

1.0

125

0.5

0

2012

2013

2014

■Total consumption (1,000L)

2015

2016

0

● Changes in our natural gas consumption(based on the figure for Fiscal 2012 set to 1.0)

Rate of consumption per production volume(based on the figure for Fiscal 2012 set to 1.0)

■Total consumption (1,000 m3)

Rate of consumption per production volume

4,000

2.0

10,000

2.0

3,000

1.5

7,500

1.5

2,000

1.0

5,000

1.0

1,000

0.5

2,500

0.5

0

0

0

2012

2013

2014

2015

2016

● Changes in our gasoline consumption(based on the figure for Fiscal 2012 set to 1.0)

■Total consumption (1,000L)

Rate of consumption per production volume

200

2.0

150

1.5

100

1.0

50

0.5

0

Prevention of Global Warming

Total amount of emissions

2012

2013

2014

2015

2016

2012

2013

2014

2015

2016

0

* Results of the Vietnam Plant are included in the data since Fiscal 2012, Ishinomaki
Branch 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
An example at the Vietnam Plant

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 CO2 emissions inaccordance with laws and regulations not only in Japan but also inoverseas plants, through which we promote global activities toprevent global warming.
In Fiscal 2016, we conducted further energy saving activities at
Plants and Administration 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.

Although we are already using the system to control the number of boilers inoperation and combustion based on the demand for steam, we achieved
further reduction of the amount of consumption of fuel by reviewing thepressure control of steam and the number of boilers on standby.
Reduction in CO2 emissions per year 1,070 tons
(23.5% reduced compared to the past)
Steam boilers

An example at the Thang Long Plant
Energy Saving Committee

Six compressors supply compressed air to the plant.
Although we used to set the delivery pressure at high for facilities that needhigh pressure air such as drill machine, we were able to reduce the amountof electric power to operate the compressors by making adjustments to boostpressure at each facility and reviewing the level of air pressure for eachfacility.
Reduction in CO2 emissions per year 147 tons
(21.4% reduced compared to the past)

17

Compressors

CSR Report 201718

Environmental Report

Environmental Report

Cyclical Use of Resources
Water Consumption

Preventing Pollution of the Ecosystem
Measures for Reducing Environmental Burdens● Changes in our water consumption

A large amount of water is used in the manufacture of PCBs
for cleaning. We have reduced the amount of water used bymanaging the amount used at each facility and using
reverse osmosis (RO) water*.
We continue to carr y out efforts to use the minimum
amount of water required to maintain product quality ineach process and to use discharged water through theintroduction 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 2012 set to 1.0)

■Total consumption(1,000 m3)

Rate of consumption per production volume

10,000

2.0

7,500

1.5

5,000

1.0

2,500

0.5

0

2012

2013

2014

2015

2016

0

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 on aregular basis to help maintain the local environment. The table below shows the levels of the substances we have emitted from ourplants, all of which are below the standard.

Water quality● Changes in our photocopying paper consumption

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

Reduction and recycling of waste
We have been reducing waste based on the 3R strategy(reuse, reduce, and recycle). Continuing on from Fiscal
2015, efforts were actively made to recycle waste into
valuable resources. The recycling rate of waste, thepercentage of waste that was used for purposes other thanlandfill, exceeded 99% at our plants in Japan in Fiscal 2016.
* “Recycling” above includes thermal recycling* The recycling rates at our plants in China (Guangzhou andWuhan) and Vietnam (Vietnam and Thang Long) are excluded.

(based on the figure for Fiscal 2012 set to 1.0)

■Total consumption(thousand sheets)

Rate of consumption per production volume

12,000

2.0

9,000

1.5

6,000

1.0

3,000

0.5

0

0

2012

2013

2014

2015

2016

Plant
name

Kanagawa
Plant

Fukushima
Plant

Yamagata
Plant

Ishinomaki
Plant

Examples of waste reduction efforts
Guangzhou
Plant

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.

19

Wuhan
Plant

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

Vietnam
Plant

Atmosphere
Equipment

Substance

Soot and
dust
concentration

Nitrogenoxide
concentration(NOx)

Measurement
unit

ｇ/㎥N

ｖ/ｖppmActual value

0.0012

59

pH

BOD

COD

SS

Measurement
unit

-

mg/L

mg/L

mg/L

Actual value

7.27

12.6

17.8

-

Standard value

5.7〜8.6

25

25

70

Standard value

Measurement
unit

-

mg/L

mg/L

mg/L

Measurement
unit

ｇ/㎥N

ｖ/ｖppmActual value

6.65

12.1

9.1

0.9

Actual value

0.004

58

Standard value

5.8〜8.6

25

25

70

Standard value

Measurement
unit

-

mg/L

mg/L

mg/L

Measurement
unit

ｇ/㎥N

ｖ/ｖppmActual value

6.8

8.5

8.8

2.0

Actual value

0.004

63

Standard value

5.8〜8.6

25

160

60

Standard value

Measurement
unit

-

mg/L

mg/L

mg/L

Measurement
unit

ｇ/㎥N

ｖ/ｖppmActual value

6.84

17.1

16.6

3.7

Actual value

0.012

46

Standard value

5.8〜8.625(20)

160(120)60(50)

Standard value

Measurement
unit

-

mg/L

mg/L

mg/L

Measurement
unit

ｇ/㎥N

mｇ/㎥N

Actual value

6.98

5.1

74.0

17.0

Actual value

14.25

122.66

Standard value

6〜9

300

500

400

Standard value

National Std.：100
Local Std.：80

400

Measurement
unit

-

mg/L

mg/L

mg/L

Measurement
unit

mｇ/㎥N

mｇ/㎥N

Actual value

7.01

6.1

21.1

18.0

Actual value

17.2

128

Standard value

6〜9

20

80

50

Standard value

50

400

Measurement
unit

-

mg/L

mg/L

mg/L

Measurement
unit

mｇ/㎥N

mｇ/㎥N

Actual value

7.16

7.9

16.5

5.1

Actual value

41.8

65.00

Standard value

6〜9

30

75

50

Standard value

200

850

Steam boiler

Steam boiler

Steam boiler

Steam boiler

BoilerSteam boiler

Boiler

0.3
180
Air Pollution Control Act Air Pollution Control Act

0.3
180
Air Pollution Control Act Air Pollution Control Act

0.3
180
Air Pollution Control Act Air Pollution Control Act

0.3
180
Air Pollution Control Act Air Pollution Control Act* 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 201720

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 2016. 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.

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.

Environmental burdens of our business activities
Scope: Headquarters and the 8 major plants Period: Fiscal 2016 (April 1, 2016-March 31, 2017)
Outline of business: Manufacture of PCBs

INPUTElectricity
Heavy oil
Natural gas
Light oil
Gasoline

Energyinput（1000kwh）
（kℓ）
（k㎥）
（kℓ）
（kℓ）

502,402
1,119
10,209
3,001
86

Water
10,706（k㎥）
Photocopying paper （thousand sheets） 8,416

Resources

Chemical PRTR substances
substances（ｔ）

Corporate Governance

OUTPUT
AtmosphericreleaseCO2 emissions
NOx emissions
Soot and dust
PRTR substances

（kt）
（ｔ）
（ｔ）
（ｔ）

467
110
6.6
3.8

Discharge into
water table

PRTR substances

（ｔ）

0.22

Chemical
substances

Amount of waste generated （ｔ） 3,263
PRTR substances
（ｔ）
19

345

Our organization
At the Meiko Group, the Board of Directors is the principal
decision-making body.
Our auditors audit and check the execution of duties by
each Director and Executive Ofﬁcers in accordance with thepolicies of our Board of Auditors. The Internal Audit
Department improves and expands our internal checksystem and ensures that corporate governance andcompliance function effectively based on the policy for ourinternal control system.

(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 can properly communicate this informationin response to our customers’ requests for research.

● Corporate Governance Framework at Meiko

Shareholders’ Meeting
Appointment/Dismissal

Accounting Auditor

Appointment/Dismissal

Board of Directors

Appointment/Dismissal

Board of Auditors

Supervision

Cooperation

Supervision
Select●Management system for chemical substances contained in productPresident & CEO

MeikoEnvironmental 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

Internal Control Committee

General Affairs Headquarters

Compliance Committee

Accounting Headquarters

Risk Management Committee

Sales Headquarters

Internal Audit Department
Internal auditing

Quality Assurance Headquarters

VOICE

Employee’s

Manager, Production
Engineering Section
Thang Long Plant

Nguen Ba Cuong

21

The Thang Long Plant began operations in September 2014 after passing theVietnamese government’s environmental assessment. In April 2015, the plantacquired the ISO 14001 certiﬁcation.
Currently, I am engaged in environment-related jobs which include the operationof wastewater and exhaust treatment facilities, efforts for waste reduction, proper
disposal of waste and energy conservation. Through these efforts to reduce theenvironmental burden, I would like to contribute not only to our plant but also to
the betterment of Vietnamese society.

Production Headquarters
Research and Development Group
Afﬁliated companies

CSR Report 201722

Management ReportManagement Report

Internal Control
Major Activities in 2016
Compliance with J-SOX
Performed J-SOX evaluation of Chinese subsidiaries

Measures for Ensuring Compliance

Future Plans

Major Activities in 2016

Facilitate and implement internal controls on
consolidated overseas subsidiaries

Provided monthly updates showing examples that are
helpful in compliance promotion activities on Meiko’s
internal website (examples are provided ineasy-to-understand formats such as “e-mailmagazines” and “four-frame cartoons”)

Expanded J-SOX evaluation to subsidiaries inVietnam and the United States

Meiko’s corporate governance system includes external directors, auditors as corporate
monitoring function, accounting auditors, and the Internal Audit Department for ensuring
fair management and high level of transparency. These coordinate with each other toestablish corporate governance. Internal control, as part of corporate governance, isessential for ensuring increased management efficiency and the fairness of all company
activities. The effectiveness of Meiko’s internal control is evaluated, and the results ofthese evaluations are used to make further management improvements. This is our
mission to fulfill our 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,
Meiko developed policies and plans concerning the policy,
procedures and methods for evaluating our internal control,
the framework of evaluations, the scope of evaluations,evaluation schedules and recording and storage of evaluation
results, and we have set a framework for evaluations led bymanagement. In line with these policies and plans, following
Fiscal 2015, we evaluated the effectiveness of ourCompanywide internal controls (including account settlement
and financial reporting processes) that could have asubstantial effect on our consolidated financial reporting once
again in Fiscal 2016. As a result of this evaluation, we statedthat “Our internal control over financial reporting has beeneffective” in our internal control report for Fiscal 2016 andreceived appropriate opinions from our auditors.

● Basic Policy on Internal Control System
1. A system for ensuring that the duties of our Directors andemployees comply with laws and regulations and ourArticles of Incorporation
2. A system for storage and management of information
concerning the execution of duties by our Directors
3. A system regarding rules, etc., on the management of therisk of loss
4. A system for ensuring that the duties of our Directors are
executed efficiently
5. A system for ensuring proper operations by the MeikoGroup
6. Matters relating to employees if their placement has beenrequested by Auditors to assist with their duties
7. Matters relating to the independence of employees
assisting with the duties of Auditors from Directors
8. Matters relating to ensuring the effectiveness of directions
from Auditors to employees assisting with the duties thereof
A system for reporting to Auditors by Directors and9. Employees and other systems related to the reporting to
Auditors
10. A system for ensuring that the person who has reported to
Auditors shall not be treated adversely by reason of suchreport
11. Matters regarding the procedures for the advancement orindemnification of expenses arising from the execution of
Auditors’ duties and the policy for processing of expenses
or liabilities arising from the execution of other duties
12. A system for ensuring the effective execution of audits by
Auditors

23● Internal Control of the Meiko Group in Fiscal 2016
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

Future Plans
Promote the training of compliance leaders

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

Compliance Handbook

The regulation rules, systems, and procedures regarding
compliance rules of the Company and its affiliates are
stipulated in the Compliance Regulations which explains indetail the rules to be obser ved by the executive andemployees.

In order to raise awareness of compliance, the Company´sown unique Compliance Handbook is distributed to all
executives and employees.

● Compliance Manual (Areas Requiring Compliance)

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

2. Compliance for our suppliers(1) Fair selection of business partners (2) Prohibition ofrequests for kickbacks (3) Prohibition of excessive gifts andentertainment (4) Prohibition of the reception of otherconveniences and facilities

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

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

5. Compliance for our employees(1) Respect for human rights (2) Prohibition of sexual
harassment (3) Prohibition of power harassment (4)Protection of personal information (5) Compliance withlabor laws

6. Compliance for the profits and assets of theCompany

Compliance Handbook

Provision of compliance education
At Meiko, we provide compliance education because webelieve that the idea of compliance will be effective only
when it is adopted by all executives and employees acrossthe entire organization. We issue
warnings on insider trading to all
employees at the time ofquarterly settlement. In addition,
efforts are made to raiseawareness by providing examples
of compliance violations, in our
newsletters and on our in-house
website.
In-house newsletter(1) Compliance with internal rules (2) Prohibition of
conflicts of interest (3) Respect for the Company’s assets(4) Fair reporting of expenses

CSR Report 201724

Management ReportManagement Report

Measures for Information Security

Introduction of the Help LineVOICE

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

from Person
in Charge

Deputy General Manager
General Affairs Group
Human Resources & General Affairs
Department

Naoki Saito
The Meiko Group complies with laws and ordinances, andinternal regulations, led by the spirit of the Company,
encapsulated in our Business Principles and Corporate
Charter. Our company activities place heavy emphasis onsocial and corporate ethics.
Our compliance initiatives are not meant merely to prevent
misconduct and incidents, but to help us carry out our
responsibilities as members of society, earning the trust of
our customers, shareholders, investors, business partners,
local communities, and employees. We consider thesecompliance initiatives to be essential to our continuingbusiness operations.
Our Group has both large scale manufacturing sites in China
and Vietnam, as well as sales bases in the Americas, Europe,and ASEAN countries. This is why it is extremely importantfor us to cultivate a high level of ethics and spirit of legal
compliance worldwide.
We will continue coordination between the departments incharge at each of our sites and committees of experts, suchas the Compliance Committee, and provide ongoing,systematic education, training and awareness raising
activities aimed at both executives and employees to build acompliance system well adapted to changing business andsocial environments, thereby promoting our growth in aharmonious way with society.

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

Compliance Organizations
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.

Major Activities in 2016

Future Plans

Maintain ISO27001 certification

Renew ISO27001 certification

Develop ISMS at Vietnam Plant

Obtain ISO27001 certification for Vietnam Plant

Our business is the manufacture and sales of electronic PCBs. To continue ourbusiness, 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.
● Information Security Policy

Protection of personal information

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.

To comply with laws concerning the protection of personal
information and to handle personal information appropriately,
Meiko has adopted the “Personal Information Protection
Regulations.” Based on these regulations, we handle
information with particular care. In addition, Meiko has
modified the internal regulations in accordance with therenewed Personal Information Protection Law effective May
30, 2017, to comply with the changes in laws andregulations.

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.

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

Protecting customer information
We take comprehensive measures to protect the confidential
information of our customer in accordance with ourInformation Security Policy.

● Organizational Chart on Compliance
Board of Directors
Reports

Board of Auditors

Audit
Instructions

Reports

Instructions

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

Compliance Committee
Corporate lawyer

Administrative Section

Cooperation

Information Security Education

Reports

Instructions

Internal Reporting Contact Office External Reporting Contact Office
Helpline
Departments and employees at Headquarters and affiliates
Information security lecture25

December 2010 Six applicable departments at the Guangzhou
Plant in China obtained the certification.

December 2014 Transition to ISO27001:2013 certification has
been completed for business locations inJapan and six departments of the Guangzhou
Plant

Reports

Reports

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

November 2012 Renewal of ISO27001 certification has been
completed for business locations in Japan.

Report Review Office
Reports

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

February 2015 Transition to ISO27001:2013 certification has
been completed for four departments of the
Wuhan Plant

CSR Report 201726

Management Report

Corporate Profile (as of September 30, 2017)
Measures for Risk Management
Major Activities in 2016
Conducted safety confirmation drills twice during theyear
Review Emergency Communication System

Future Plans

Production
Sites

Keep business continuity plans (BCPs) updated andre-organize the risk management system at eachbusiness site

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.

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 i n t r o d u c e d a s a f e t y c o n fi r m a t i o n s y s t e m f o r a l lemployees in Group companies in Japan, as well as
employees stationed overseas, in order to confirm thesafety of employees and convey information in the event ofan earthquake with a seismic intensity of 5 lower or higher,
or other disasters or accidents. We perform company-wide
educational training twice a year to ensure effective use of
the system in the event of disasters.

●

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

Capital 12,888.47 million yen●

Fukushima Factory
1-2, Iwasawa, Kamikitaba, Hirono-cho, Futaba-gun, Fukushima Prefecture,
Japan 979-0401

Executives●

Meiko has created a set of Crisis Management Regulations, and also BCP Basic
Policy and Emergency Manual thereunder, which assume a variety of risks associatedwith environments, disasters, quality and information security. We have also created a
Business Continuity Plan (BCP) for each of our factories to minimize impact on thecustomer’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 todetermine the cause, assess the situation and take comprehensive future measures,to quickly cope with risk and prevent reoccurrence.
Creation of Group BCP

Established November 25, 1975●

Establish an information-gathering system using theinternal network

Types of crises and risks

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

Headquarters

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

●

●

China Wuhan Plant (Meiko Electronics (Wuhan) Co., Ltd.)
No.9 Shenlong Road, Wuhan Economic and Technological Development Zone,
Hubei Province, P. R. China
Vietnam Plant (Meiko Electronics Vietnam Co., Ltd.)
Lot LD4, Thach That -Quoc Oai Industrial Zone, Hanoi●

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

Assistant Chief
Risk Management Committee
Administrative Section
Local Response Headquarters

Director andSenior Managing Executive Officer

Takahide Hirayama

Director andSenior Managing Executive Officer

Masakuni Shinozaki

Director andManaging Executive Officer

Takahiro Matsuda

Director andManaging Executive Officer

Jyunya Wada

Director

Yoon Ho, Shin

Director

Hajime Nakano

Senior Corporate Auditor

Hitoshi Iyomoto

AuditorArifumi Sunada

AuditorTakashi Harada

No. of Employees:

10,798 (consolidated)(Japan: 766; Overseas: 10,032)*As of September 30, 2017

Main Business

Design, manufacturing and salesof PCBs, associatedelectronics-related businesses

2013

2014

2015

2016

Sales

(Millions of yen)

60,70979,23190,895

95,287

95,911

Operating income(Millions of yen)

△605

922

△2,865

3,325

5,788

Ordinary income(Millions of yen)

△386

1,931

1,075

△491

2,981

Net income (loss)(Millions of yen)

△1,56723△9,573△11,250

1,767

(yen)

△83.52

1.11△365.76△429.83

54.14

Net income (loss) per share

Changes in consolidated ordinary income(Millions of yen)

100,000

90,895

95,287

95,911

79,23180,000

2,981

3,000

60,70960,000

4,000

1,931

2,000

40,0001,000

20,000

0

1,075
△491

△386

-1,000

0

2012

2013

2014

Sales composition by application (Fiscal 2016)

2015

2016

2012

2013

2014

2015

2016

Sales composition by product (Fiscal 2016)

Group in charge of recovery
Group in charge of operations measures
Group in charge of General affairs and human resourcesGroup in charge of collection of company-wide information
Division in charge of individual risks

Automobiles 45.6％
Digital home appliance 2.4％

Double-sided PCB 8.1%
Other PCBs 7.9%

Office equipment 5.5％
Storage 5.0％

Other than PCB 1.1%

Other PCBs 7.2％

HDI PCB 36.5%

Other than PCB 7.9％

Six-layer or more PCB 16.5%

Smart phones 26.4%

27

2012

(Millions of yen)Chief of Emergency Headquarters (President & CEO)Yuichiro NayaFive-year Financial Summary

Changes in consolidated net sales● Emergency Headquarters

President & CEO

Four-layer PCB 29.9%

CSR Report 201728

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.

HDI PCBDouble-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.

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.

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.