ME I KO CSR REPORT 2018

M E I K 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 business practices
are known throughout the world.
Meiko s CSR Declaration
Meiko s Business Principles and activitiesalign with the global social
responsibilities and in turn support
an environmentally sustainable society

Editorial policy
In publishing the CSR Report 2018 (English version)
We published CSR Report 2018, our eleventh 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 the Report that we are united in a constantcommitment to earn your trust by acting responsibly as a good corporate citizen.
●Intended audience●Reference guidelines

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

“Environmental Reporting Guideline (Fiscal Year 2012 Version)”●Coverage(Ministry of the Environment)“G4 Sustainability Reporting Guidelines”

Meiko Electronics Co., Ltd. and affiliated companies●Date of publication●Reporting period
This report primarily refers to CSR activities undertaken during

This report : December 2018

Fiscal 2017 (April 1, 2017 to March 31, 2018). Sections outlining* For the purposes of this report, “Meiko” refers to the MeikoGroup as a whole, consisting of Meiko Electronics Co., Ltd. andits affiliated companies.

past activities might include details relating to prior periods.
Similarly, to provide the latest information, this report might also
contain details occurring after April 2018.

■ CSR promotion framework

CSR promotion framework
Secretariat

Our CSR promotion framework is made up ofsite - specific committee members representing
individual plants, sales offices and otherpremises and area-specific committee members

Board of Directors

Environmental Management Subcommittee

President & CEO

operating on a group wide basis. This makes it

CSR Officer

Area-specific committee members

possible to organize activities covering all areas

Information Security Subcommittee

Consumer Issues

Compliance Subcommittee●For Customers●For Employees●For Employees

→P5

→P10

→P10

Risk Management Subcommittee

Human Rights

Labor Practices

Fair Operating Practices●For Business Partners→P8●For Shareholders and Investors→P12

Human Rights and Safety Management Subcommitteeof the group’s operations in line with our CSR

Site-specific committee members

Social Contribution Subcommittee

Declaration and respond in good faith to input

Corporate Governance Subcommittee

from our stakeholders.

Supply Chain Subcommittee
Technology and Development Subcommittee
News Reports■ Conducting CSR activities
throughout our value chain

Community Involvement
and Development●For Local Communities→P13

The Environment

Organizational Governance●Basic Environmental Plan→P15●Corporate Governance→P22●System for Complying with

●Internal Controls→P23●Compliance→P24
Environmental Laws and Ordinances→P16●Prevention of Global Warming→P17●Information Security→26●Cyclical Use of Resources→P19●Risk Management→P27●Prevention of Contaminating the Ecosystem→P20●Management of Chemical Substances
Contained in Products→P21■ EICC Framework
Manufacturing and quality assurance
Recycle and reuse

Meiko fulfills its corporate social responsibility inMaterials procurement

the full range of its business activities, throughFour aspects＋
Aiming for a sustainable working environment
through the management system

materials procurement and manufacturing, as it

Labor

Environmental protectiondelivers products to customers, and achieves

Protection of dignity of,
and respect for, employees

Consideration for the global environment

further improvements through research andManagement Systemdevelopment. By conducting consistent CSR
activities throughout our value chain, Meikostrives to conduct its business activities in a

Research and development

Sales

manner worthy of the trust of all relevant
stakeholders.

1■ ISO26000 Comparison

Quality Assurance Subcommittee

Marketing

Ethics

Evaluation andmanagement of risks

Maintenance of a highlevel of ethical standards

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

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

15 Environmental Report
Basic Environmental Policy
Environmental Management Promotion Framework
Prevention of Global Warming
Cyclical use of Resources
Preventing Pollution of the Ecosystem
Management of Chemical Substances Contained in Products

22 Management Report

Health and Safety

1. Simple

INDEX

Corporate GovernanceInternal Control
Compliance
Information Security
Risk Management

28 Corporate Profile

CSR Report 20182

Message from the President

Contributing to local regions andcommunities to earn their trust
A company is closely tied to the communities and regions in which it operates,
as well as to the earth, existing as a member of those social spheres. We at
Meiko always bear in mind the role that we need to fulfill in these spheres as
we seek to be accepted and grow to be a company worthy of the public’s trust.
Furthermore, we believe that it is an important social responsibility to actively
disclose our results with regard to these issues and to create greater value
through communication with our stakeholders. Recently, for example, theearth has been facing various challenges, including environmental destruction,
resource and energy issues, human rights issues, and natural disasters andfood shortages. These challenges are common to all of humanity, and theyrequire international organizations, national governments, companies andindividuals to work together and address their respective roles. We at Meikoare fully aware of the role we need to fulfill and are working

driving vehicles. Our supply chain approach does not consist

earnestly on these challenges.

merely of low-cost procurement but also takes into consideration

In our business activities, we are working to reduce theresource depletion and ecological degradation. In addition, we

environmental burden and risks of our production processes andaddress the problem of conflict minerals from and child labor inenhance resource efficiency, thereby contributing to aareas beset by civil wars and ethnic conflicts by setting forth asustainable society. We proceeded with the commercialization ofGroup policy of eliminating the procurement of materials fromvarious products, including high electric current PCBs, high heat

the relevant areas and companies. As regards compliance, we

dissipation PWBs and high-frequency PWBs. These products

provide regulations and manuals for all employees with due

are important components for photovoltaic power generation,

respect to various norms and ethics around the world. Each of

hybrid cars, electric vehicles and other applications that

our employees is working on compliance issues in awareness ofcontribute to the realization of an environmental society or

the global standards with regard to corporate social

enable various functions relating to the safety and security of

responsibility.

President and CEO

Yuichiro Naya

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

Meiko Group Business Principle

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

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.
4

We will communicate with our shareholders, customers, investors, business partners, employees and otherstakeholders 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.

will reduce environmental impact and contribute to the creation of a sustainable society, in recognition of the fact
6 We
that 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 andorganizations.

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

Employees■ Stakeholders
A company’s business revolves around interaction withthe various stakeholders who have an interest in the

Sustainable Society

Continuing to Enhance Corporate Value

Shareholders

company. Here at Meiko, all of our employees around

Enhancing corporate value
Adequate disclosure

the world recognize that CSR is central to every aspect

SocietyBusiness Partners

Sales

Manufacturing

Working together with business partners
Reasonable and fair trade

Development

Environmentof our business activities and fulfill their responsibilities
at the local level as a member of society with the aimof establishing trust in the company.

Customers

Local Communities

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

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 andsuppliers. Management will continually monitor internal and external feedback, exercise effective governance andrigorously implement corporate ethics.

CSR Report 2018

4

SOCIAL REPORTSOCIAL REPORTFor Customers

At Meiko, we manufacture and sell PCBs, devices that are
essential for industrial development, by interacting withdiverse 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.

Future Plans

Made improvements in terms of design andmanagement, based on customer complaint andinformation on in-process defects, in order to achieve
the target of “zero” market defects.

Aiming at “zero” market defects, find out the true cause
of serious defects, share and set measures across thecompany. Also take measures to avoid recurrence andreduce chronic defects.

Continued to share cases of past problems among
relevant parties to prevent the occurrence of defective
products.

Continue to share cases of past problems among
relevant parties to prevent the occurrence of defective
products.

Continued to conduct and upgrade the internal audit ofmanufacturing processes.

Continue to conduct and upgrade the internal audit ofmanufacturing processes and enhance themanagement level.

Activate the Standardization Committee in promoting
the standardization of the MES.

Activate 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 ourcustomers with outstanding value and services and make a contribution to society. We improve the reliability of our
products to guarantee the highest possible levels of customer satisfaction and contribute to society.
Our approach to quality assurance and organizational
efforts to ensure high quality

Assurance of quality that meets customer needs
Horizontal deployment of the group’s four overseas factories

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.

Based on the Fiscal 2018 Group management policy, we areproceeding with a product quality assurance system for both● Quality Assurance Efforts at Meiko
Design Quality

Flow of Receipt of Orders /Manufacturing / Shipment※The plants in Japan obtained certification from Japan Electrical safety & Environment
Technology Laboratories (JET). The plants in China obtained certification from TUVRheinland. The Vietnam Plant obtained certification from Bureau Veritas Certification (BVC).

●Award from Fuji Xerox Co., Ltd.

On April 20, 2018, we were awarded
as the “Premiere Partner 2018” for ourservices as a supplier. Meiko hasreceived the award for eight
consecutive years.

DR

DR1

Trial
Production

Final Pre-Production

Mass Production

ISO9001（Japan）

Shipment

Quality Improvement

Quality targets, Past problems, Rollout of information, Shipping
QC efforts, FTA analysis, FMEA

Checkinspection①DRBFM
Quality Management②Confirm the conditions ①Reliability evaluation Addressing abnormality, 5M1E,① Lot assurance
and environment where ②Final quality check Initial production control chart, Check sheets, etc. inspection
PCBs are used
③Process capacity Quality Awareness②Traceability
5S (Sorting, Setting-in-order, Shining, Standardizing, Sustaining the discipline)③Share past problems
and 3F (Fixed-position, Fixed-item, Fixed-quantity), Education, Target management

Ability to deal
with customers
Internal auditof manufacturing
process

IATF16949（Guangzhou Plant in China）

Employee’sVOICEManager,
Quality Assurance Department

Hajime Furuya

I am Furuya in charge of quality assurance at Quality Assurance

Customer Satisfaction Survey
Meiko performs a survey every year to measure customer
satisfaction with its products and services in order to improve
its product and service quality.
In Fiscal 2017, 79 companies answered the survey,
responding to questions about (1) product quality, (2) productprices, (3) product delivery times, (4) service, and (5)technological response.
In their comments, many customers indicated satisfaction;some, however, expressed complaints, which we will take as a
guide for the improvement of products and services as we
strive to achieve even greater customer satisfaction in the
future.

Manufacturing Quality

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

ISO9001
1997.05.13 Meiko Electronics Co., Ltd.
obtained certification for its PCBs.
2002.05.01 Guangzhou Plant in China obtained certification.
2003.01.27 ISO9001:2000 became
the unified standard in Japan.
01.27 Extended certification obtainedby MD SYSTEMS Co., Ltd. (Design of PCBs).
2006.11.29 Wuhan Plant in China obtained certification.
2008.02.20 Extended certification obtained by Metal Mask Dept.
2010.06.18 Vietnam Plant obtained certification.
2014.01.15 Ishinomaki Factory obtained certification again.
2015.04.24 Thang Long Plant obtained certification.

ISO/TS16949（IATF16949 certification under process）
2013.01.09 Vietnam Plant obtained certification.

Maintain and improve the quality management system.

*MES: MEIKO ENGINEERING STANDARD

5● Award from Hitachi Automotive Systems, Ltd.

● The ISO9001 and IATF16949 certifications we have obtained

IATF16949
2017.08.09 Guangzhou Plant in China obtained certification.
2018.02.14 Wuhan Plant in China obtained certification.

Major Activities in 2017

Developed a company-wide system to address andmanage abnormalities (review of the system).

Receiving awards from our customers
On April 13, 2018, we received the “Best Partner Special
Award” for joint development of Rigid-Flex PCB which
contributed to strengthening of product competitiveness.

Initiatives for Quality Assurance

Enhanced thorough management of modifications.

overseas 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.

Acquisition of ISO9001 and IATF16949
certiﬁcations
At Meiko, we have obtained ISO9001 and IATF16949
certifications, which are global standards, and have beenworking on continuous improvements.

Department. In my daily work to look after quality problems reported
by our customers, I feel that the quality of our print patch board
demanded by the customers is rising drastically. In particular,
concerning the parts for automobile, for example, the engine,
inverter, car navigation system, advanced technology for print patch
board is required. Moreover, even a single case of malfunction due
to scratch or extraneous material is not acceptable.
Here in Japan I read an article about the commercialization of
automated driving taxis. Thinking about ourselves as the taxi user, I
strongly feel that there must not be any car accidents during suchautomated driving. From this point I fully understand the reasons forthe rising demand for product quality.
Meiko mainly supplies its products to major Japanese on-vehicle
equipment manufacturers, and the number of inquiries we receive is
growing. Under such circumstance, our new overseas plants arepromoting activities to obtain certifications.
It is very important to share and pass over the past improvementcases from the mother plant to the new plants. The new plants
should start with the knowledge of modification, risks from changes,
problem shooting, to eliminate every single defect.
Such approach methods vary among customers and there arevarious issues to be solved. However, we work closely with therelated departments to overcome any difficulties and to accumulate
the valuable experience and know-how.
We will continue to put efforts to meet the high level of customer
demands by fully utilizing our experience and knowledge.

CSR Report 2018

6

SOCIAL REPORTSOCIAL REPORTFor Customers PCBs Development

For Business Partners Supply Chain

Major Activities in 2017

Future Plans

Major Activities in 2017

Future Plans

Component development of high-speed/high-frequency
PCBs

Trial development of high-speed/high-frequency PCBs

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

Continue performing purchasing audits based on crisis
management standards

Trial development of high-density multistage buildup
PCBs

Component development of copper inlay PCBs
Development of metal base high heat releasing PCBs

Development of structure, heat releasing materials andmanufacturing method of heat releasing PCBs

Development of embedded passive devices PCBs
(Power IC)

Meiko promotes product development aiming to provide the most appropriate PCBs to meet the customer needs
by utilizing our PCB technology including those for automobile. Through optimization of materials, structures andmanufacturing methods, we develop small-sized high-density products as well as products suitable forhigh-frequency and high-speed, or high-current and high-heat releasing, which are highly reliable PCBs.
PCBs for automobile use must be highly reliable. They are used in many onboard units including the safe driving system and play
important roles. Onboard units are introduced in 4 categories as below.
Safe driving system
Aiming to enhance the accuracy of ADAS (Advanced Drivermaterials, we realized high reliability. On top of that, cavity

Assistance System) sensor, component development of hybrid

PCB has been developed for adaptive head lamp use.

structure PCB is in process using high frequency materials.

Power train system

Component development is also in process for impedance

Heat releasing ability of inverter, converter and junction box

control PCBs for high-speed transmission usage aiming at

was improved by embedding Power IC to the passive devices

system integration.

PCBs. Apart from this we are developing the manufacturing

Information and communication system

method for heavy copper PCBs.

In navigation and communication modules, multistage buildup

High quality PCBs which support the advancement ofhigh-density mother boards are used. In addition to theautomobiles are used in many forms and many ways. We will

densification technology developed through smartphone, we

strive for further development of these PCBs. At the same

aim to enhance the reliability of onboard standards.

time we are ready to make efforts to extend the usage ofBody system

PCBs through industry-academia joint researches on new

Metal base heat releasing PCBs are used for LED head lamp.

types of PCBs, for energy harvesting and for flexible

By developing low-elasticity heat releasing insulating resin

temperature sensor.

〈Automotive technology〉
Safe driving system

Information andcommunication system

Body system
Power train system

7〈PCB technology〉〈Status〉

High-frequency compatible

High frequency material PCB

Trial

High-speed transmission

Impedance control PCB

Trial

0.4/0.5 pitch CSP

Multistage buildup PCB

Evaluated

Communication module

High-density module PCB

Evaluated

High heat release

Metal base heat releasing PCB

Evaluated

Partial heat release

Copper inlay heat releasing PCB

Development

Power IC heat release

Embedded passive devices PCB

Development

Performed conflict mineral survey in October 2012,using EICC standard format
Performed an environmental measure survey based on
the latest version of regulations such as REACH
regulations <SVHC169 substances>

Perform continued investigation for manufacturers forwhom sourcing locations are unknown
Perform latest version management and clarify
non-use guarantees

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

Request to our business partners

At Meiko, we encourage the continuation of procurement

In accordance with the measures for the environment included

activities based on the Basic Procurement Policy below. In line

in our Basic Procurement Policy, we are calling for more thanwith this trend, we at Meiko believe that the most important

300 business partners to understand and practice matters

aspect of our procurement activities is to establish win-win

concerning the four points below. In addition to control ofrelationships and relationships of mutual trust with ourgreenhouse gas emissions, waste reduction, andbusiness partners. We ensure cooperation not only between

management of specified chemical substances, which we

the production and sales bases in Japan but also withnaturally undertake in our internal production activities, weoverseas bases, and select business partners through aalso implement a variety of measures to ensurecomprehensive assessment of quality, delivery punctuality,

environmentally friendly procurement. We ask our businessprice, and management, as well as business continuity in casepartners to implement and recommend green procurement,of an accident and a disaster under the basic principles of (1)and also request that distribution and sales activities be

understanding our Basic Procurement Policy, (2) complianceundertaken in an environmentally friendly manner. Specificwith laws, ordinances, and social norms, (3) environmental

results of activities for 2017 include the implementation ofprotection, (4) exclusion of antisocial forces and (5) the EICC

initiatives such as establishing purchasing crisis management

Code of Conduct. In this way, we are strongly emphasizing

standards and conducting purchasing audits to minimize

CSR practices within our supply chain.

procurement risks, conflict mineral surveys and surveys on
employment of young workers based on the EICC standard●Basic Procurement Policy

1. Procurement activities optimized for our global
production in accordance with the Action Guidelines forPurchasing Deals
2. Smooth, fair, appropriate procurement activities basedon 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 of young workers.

format and environmental measure surveys based on thelatest version of regulations such as REACH regulations.

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 20188

SOCIAL REPORTSOCIAL REPORT

Employee’sVOICEJCU Corporation.
Representative Director President and COO

Masashi Kimura

JCU has been Meiko’s business partner since 1983. We are very
grateful for this long time relationship in the past 35 years.
During the 35 years, the global environment has gone through

For Employees Creation of a Comfortable Working Environment

1. Fair, appropriate operations with business partners shallbe undertaken through compliance with laws and ordinances
concerning purchasing and procurement activities.
2. Business partners’ information that we obtain through purchasing
and procurement activities shall be kept confidential and the information
security system for preventing the leakage of confidential and personal
information shall be strengthened.
3. Entertainment and gifts for business partners shall be permitted to theextent that would normally be considered 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.

Major Activities in 2017

Future Plans

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

Cultivate next-generation management

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

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

drastic changes. Today it is essential for companies to take theircorporate social responsibilities (CSR) by preserving the global
environment and contributing to creation of sustainable society.
Meiko’s CSR activities include popularization of renewable energy,
etc. As part of JCU’s CSR activities, we also have solar power
generation facilities at our think tank office and manufacturing
headquarters, aiming to present global warming by using renewableenergy.
We aim to set high goals for CSR activities along with all of the
stakeholders including Meiko who are very conscious about CSR.
Based on our knowledge as well as research and development
ability accumulated from the past, we will continue our pursuit ofadvanced surface treatment technology in order to support the
manufacturing and contribute to a better life of people around theworld.
We thank for our business with Meiko and look forward to continuing
the relationship in the future.

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 by

Environmental measures (green procurement)

In line with the concept that the greatest asset of a company is its human resources, we focus on the creation of a comfortable

In accordance with the “standards concerning the environment,”

working environment that is safe, secure, hygienic for all our employees, respects their diversity, and allows them to develop.

we encourage environmentally-friendly purchasing andprocurement activities together with our business partners.
1. We confirm laws and regulations (RoHS Directive, ELV Directive, andREACH Regulations) and the content of environmentally hazardous
substances to encourage the procurement of compliant products andmaintain and improve the environmental quality of our products.
① RoHS Directive ：U restriction on the use of certain
hazardous substances in electricaland electronic equipment② ELV Directive ：A directive adopted by the EU to
reduce the environmental burdensof end-of-life vehicles③ REACH Regulations：EU law for protecting people’s
health and the environment④ JIG（1-R）：Legally controlled substances specified in theguidelines concerning the disclosure of information
regarding chemical substances contained inelectrical and electronic equipment⑤Customers’ standards
2. We encourage the signing of the Memorandum on Environmental Protection
and Guarantee of Non-Use of Environmentally Hazardous Substances toensure environmental protection together with our business partners. We are
pursuing the signing this Memorandum and Guarantee with our major
business partners, including manufacturers to whom we outsource processing.
3. We strive to reduce the discharge of industrial waste and encourage
the use of this waste as a valuable resource by recycling it or using it inother ways together with our business partners.

undertaking internal training and confirming compliance inrelation to adherence to laws, ordinances, and social codes,

Conﬂict-Free Procurement Policy

including the Act against Delays in the Payment of

In August 2012, the U.S. Securities and Exchange Commission (SEC)

Subcontract Proceeds to Subcontracts in Japan, as well as

adopted the rules on conflict minerals under the Dodd-Frank Wall Street

compliance with customs regulations and the relevant regional

Reform and Consumer Protection Act. Meiko is eliminating conflictand national laws, ordinances, and social codes in our global

minerals from its supply chains. Meiko has defined a Conflict-Freeprocurement activities.

Procurement Policy which consists of using EICC/GeSIquestionnaire-based surveys, response disclosure, and follow-up actions
to eliminate resource procurement which includes conflict minerals.

9

Respect for diversity

Employment and exchanges of global human resources

At Meiko, we respect human rights and strive to recruit, evaluate, andCurrently, approximately 41 employees from overseas countries, including

treat our employees without discrimination on the basis of race, creed,
religion, nationality, age, gender, disability, and other attributes, so thatdiverse 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 2017, three employees took

China and Vietnam, are working at Meiko’s business establishments inJapan, while 84 Japanese employees are working overseas. Until Fiscal
2017, 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.

*As of July 26, 2018

parental leave, two employees returned to work and twenty-two used the
reduced work hour system (excluding Group companies).
At oversea locations, many Japanese employees are at work in addition

Parental Leave and Reduced
Work Hour System User’s

VOICE

to local employees, and in Japan as well, dozens of foreign national
employees are at work. We also transfer personnel and exchange
employees between Meiko Group companies, both in Japan andoverseas, to develop global human resources and stimulate the further
revitalization of our human resources.

In charge of Process Control
Production Control Department Kanagawa Factory

Yoko Fukukawa

I gave birth to my daughter 2008 and my son in 2012. Aftertaking a parental leave, I returned to work using reduced workhour system for child care, working from 9:00 to 16:00. While my

Employment of persons with disabilities
Since Fiscal 1991, Meiko Electronics Co., Ltd. (excluding its Group companies) has
continued to achieve the legally required number of employees with disabilities inchildren were at the nursery school which was far from home, I
was really thankful that I could start working late in the morning.
It was also very helpful that I could leave early from work and be

accordance with the Act on Encouraging the Employment of Persons with Disabilities,

in time to pick up my children at the nursery school. Sometimes I

except for Fiscal 2010 and Fiscal 2011. In Fiscal 2017, however, we were not able toeven had the time, although very short, to play with them at ameet 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 number of employees with disabilities in Fiscal 2018.
● Changes in the number of our employees with disabilities and the number required by law (Fiscal 2012–2016)■Total Employees (Persons)
1,000
750

803

500

15

250

14

0

2012

Legal requirement

767

756

17

15

15

15

2013

2014

697
13
13
2015

Employees (Persons)

705
14
10
2016

40
30

playground. Now that my children are in elementary school I
have thought about going back to normal working hour. However,that means I need to leave home for work in the morning before
the time they leave for school. So I decided to make use of the
reduced work hour system as long as I am applicable for it.
The reduced work hour system is accepted by the staff at myoffice, and thanks to their understanding and arrangements, I do

20

not need to work overtime. This is why I can work and raise my

10

children at the same time. My children say they like me as a0(Note) Legally required number of employees with disabilities = Number of permanent employees × Legal rate of employment(rounded down to the nearest whole number)“working mother”, and this also gives me strength to continue
working.

CSR Report 201810

SOCIAL REPORTSOCIAL REPORT

Global Employee s

Employee safety and health initiatives

Voice●Industrial Safety and Health Guidelin

We conduct safety and health initiatives at Meiko based on our

In line with the concept that “the greatest asset of a company is its humanresources,” at Meiko Group we focus on the creation of a working environmentthat is safe and secure for the mental and physical health of all our employees,
and allows them to fully demonstrate their individual capabilities.
1. We will comply with the regulations and in-house rules
related to industrial health and safety as we endeavor
to eliminate dangers in all workplaces.
2. We will conduct risk assessments for our workplaces,
set goals for work environment improvements andcontinually work toward reducing work accident risks.
3. We will ensure that each and every employee is awareof industrial safety and health initiatives as we
endeavor to improve awareness of safety and health.
4. We will endeavor to actively support the maintenance andimprovement of the mental and physical health of our employees.

Industrial Safety and Health Guidelines for the purpose ofManager, Finance Department
Meiko Electronics Co., Ltd.

Shoji Mori

I joined Meiko in 2004 in my mid-career. Up to now I have been engaged in administrative operations including accounting, finance, businesseliminating work accidents and improving the working
environment in all workplaces, and encouraging the good healthof all employees. To ensure that problems are found efficiently,
not to mention prevent work accidents, we have arranged for ouradministration, general affairs and personnel, etc.

workplaces to be audited by industrial physicians, industrial

In the Wuhan Plant startup project I was in charge of the general affairs and personnel as well as accounting section. This was a valuable experience

health consultants, and other experts. In addition, our Safety andfor me - even under a complicated work environment and adversity, if you have a strong belief and faith, you can overcome the troubles. After

Health Committee members undertake audits of the plants. What

returning to the Headquarters, I was able to expand my work field by being involved in business administration, accounting and finance operations.

is more, we estimate risks through risk assessments, based

Compared to the time I have joined Meiko, the business of the Company has grown 2 or 3 times the original size, with sales reaching to 100 billion
yen at last. Many non-Japanese employees from various countries work at Meiko. If you have the motivation, you will be assigned significant tasks
regardless of nationality or age, and you can grow along with the Company. I am proud that Meiko is such a Company.

upon which we implement measures to prevent work accidents
and improve the level of our safety and health management.

For the future we will aim at sales level of 200 billion yen and opening up new businesses. I believe that each of Meiko employees can achieve alarge-scale growth together with the Company - something which you cannot experience elsewhere.

Educational Programs●Job-class-specific training

At Meiko, we provide job-class-specific training to new recruits,• Business simulation training

midcareer employees, and executives. We also hold departmental• Manufacturing and sales hands-on training and problem-solving

training specific to functions and job categories. These training programs

Mid-career employees

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• MBA (Meiko Board Academy)• Cultivation of next-generation management
Managerial employees• MAPS (Management Academy for Problem Solving)

qualification programs and provide financial assistance with

• Problem solving capability improvement

correspondence courses to help our employees with their

Department heads

self-development and encourage them to obtain technical qualifications.
In particular, we position training for next generation leaders as a
primary task, and promote a one of a-kind research to extract the shareddistinctive values that must be passed on from the leaders of today to• President school• Cultivation of an implementer of Meiko’s corporate DNA in order to

Major Activities in 2017

Future Plans
Continue holding explanatory meetings

Held meetings including results briefings for
institutional investors, analyst meetings, and small
meetings, also made several investor callsContinue 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 andmanagement practices are sound and transparent, and we will continue to be a trustworthy company to our

produce even greater results

shareholders and investors to generate corporate value. Based on this pledge, we are striving to maximize●Field-specific training

our corporate value by engaging in sound, fair corporate activities while complying with laws and ordinances.

Technical personnel training

Timely and adequate disclosure of information

Shareholders report

In accordance with the timely disclosure regulations, weTo ensure a better understanding of Meiko, we publish the

Global training

adequately disclose key information considered to influence the

MEIKO REPORT twice a year to provide shareholders with

their self-development and encourage them to obtain technical• Regular TOEIC Institutional Tests and incentive system

investment decisions of our shareholders and investors. We also

information on Meiko.

qualifications, as well as operate foundation schools by foreign• English training for selected employees

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

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 and expanding foreign language training
programs for domestic workers and the training of oversea workers inJapan. In addition, we are planning to develop management ability as
well as overseas assignment (trainee system).

11

New Recruits

For Shareholders and Investors Improvement and Expansion of IR Activities• Meiko PCB school (basic and advanced courses)• Improve technical abilities of new recruits, midcareer employees, andcore technical personnel• Chinese and Vietnamese language trainings●Self-development
Distance learning• Subsidize 80% of fees when language courses are completed

disclose other key information via prompt, adequate, and fair

上期の販売内訳と通期の業績見通し
2019年3月期上期

製品別収益

営業利益

売上
235.4

スマート
フォン

153.7

その他

143.0

合計

532.1

16.1
6.8%

15.7
10.2%

6.8

4.8%

38.6
7.3%

営業利益率

267.3
197.2
153.1

3.0

13.6%

18.6%

43.5

12.8

28.3%

81.5%

9.1

10.1

56.7

85.5

18.1

9.2%

16.1%

46.9%

1,200

114.6%

82

92

17.4%

90

42.0%

73

29.3%

6.9%

6.9%

48.0

7.7%

68

4.4%

5.8%

43.7

7.5%

60

4.0%

5.1%

6.1%

106.00110.00activities, including the production of IR tools in English, such as
convocation notice of the shareholders’ meeting, presentation
documents, shareholders’ report and documents for results briefing.

デジタル家電

その他用途

100

基板以外

23

197

（3.7%） 46
38（7.4%）（6.1%）

33（31.9%）

39（4.5%）（7.3%）（28.9%）

200（5.3%）

24

154

235

30

38

（7.1%）

12（5.6%）（2.3%）

300

400

500

600

電子回路基板仕様別の売上構成比（単位 :億円）

両面板

4層板

6層板以上

ビルドアップその他の基板基板以外
14

第 44 期 第2四半期

株主通信（2018年4月1日から2018年9月30日）（2.3%）

10.6%

2019年3月期
39
上期実績 （6.3%）

23.3%
87.5%

152

（24.6%）

2018年3月期 38150
上期実績 （7.1%） （28.2%）

67.0%

0

100

107

268

（17.3%）

83

12（2.3%）

211（15.6%）

200

38（6.1%）（43.3%）

38（39.7%）

300（7.1%）

400

500

600

株主の皆様へ
株主の皆様におかれましては、平素より格別のご高配を賜り、厚く御礼申し上げます。
2019年3月期上期の業績についてご報告申し上げます。

コーポレートデータ（2018年9月30日現在）

商
設
資

本

従業

員

株式情 報
号

株式会社メイコー

立

1975年11月25日

金12,888百万円

数

12,106名（連結）(国内811名・海外11,295名)

主な事業内 容取 締 役専 務 執行 役 員
取 締 役専 務 執行 役 員
取締役常務執行役員
取締

屋
山
田

和

田

役

土

屋

役

原

田

役

常勤監査

役

監査

役

監査

平
松

取締役常務執行役員
取締

名

申

伊豫本
佐

藤

佑一 郎

隆

孝

英

広

純

也

奈

生

允

孝

幸

浩
齊
隆

70,000,000株
26,173,971株（自己株式 629,349株を除く）
4,241名

大株 主
株主名

名屋

持株数
（千株） 持株比率
（％）

佑一郎

4,702

17.97

2,133

8.15

JP MORGAN CHASE BANK 380634

740

2.83

株式会社ゆうちょ銀行

日本トラスティ・サービス信託銀行
株式会社（信託口）

株 主メモ
事業年

基準

日 期末配当金
中間配当金

毎年3月31日
毎年9月30日

株主名簿管理 人 東京都千代田区丸の内一丁目4番1号
および特別口 座 三井住友信託銀行株式会社の口座管理機 関
株主名簿管理 人 東京都千代田区丸の内一丁目4番1号
事務取扱場 所 三井住友信託銀行株式会社 証券代行部

735

2.81

日本マスタートラスト信託銀行株式会社（信託口）（郵便物送付先 ）〒168-0063
東京都杉並区和泉二丁目8番4号
三井住友信託銀行株式会社 証券代行部

670

2.56

（電話照会先名幸興産株式会社

608

THE BANK OF NEW YORK MELLON (INTERNATIONAL)
LIMITED 131800）

0120-782-031

2.32

上場証券取引所 東京証券取引所 JASDAQ（スタンダード）

566

2.17

公告の方

有限会社ユーホー

521

1.99

資産管理サービス信託銀行株式会社(証券投資信託口)

465

1.78

名屋

435

1.66

精一

業
業
業
業
業
業
業
業
業
業

代表取締役社長

度 毎年4月1日から翌年3月31日まで

定時株 主 総 会 毎年6月開催

法 電子公告により当社ウェブ サイトに掲載
http：//ｗｗｗ.meiko-elec.com/ir/pa.shtml
ただ し、事故その他やむを得ない事由 によって電子公告をすること ができない場
合は、
日本経済新聞に掲載※当社は、自己株式 629,349株を保有しておりますが、上記の大株主から除いております。
また、持株比率は自己株式を控除して計算しております
。

関連会 社
電子関連事
株式会社山形メイコー
株式会社メイコーテック
電子関連事
株式会社メイコーテクノ
電子関連事
名幸電子（広州南沙）有限公司
電子関連事
名幸電子（武漢）有限公司
電子関連事
名幸電子香港有限公司
電子関連事
Meiko Electronics Vietnam Co., Ltd.
電子関連事
Meiko Electronics Thang Long Co., Ltd. 電子関連事
Meiko Electronics America, Inc.
電子関連事
Meiko Electronics Europe GmbH
電子関連事

発行可能株式総数
発行済株式の総数
株主数

電子回路基板等の設計、製造および販売
ならびにこれらの付随業務に関する電子
関連事業

役員

代表取締役社 長執行役 員

business activities, we have been promoting the globalization of IR

事務機

267

0

増減率

110.66

会社概 要

In order for foreign investors to have a better understanding of our（44.2%）

仕様別

修正計画

1,180

74.6

YEN/USD（43.2%）

2018年3月期
上期実績（単位：億円）

当初計画

1,085.4

経常利益

2019年3月期
上期実績

2019年3月期

2018年3月期
通期実績

当期純利益

ストレージ

14

33.8%

売上高

為
替

スマートフォン

（2.3%）

2.3

7.1%

営業利益

親会社株主に帰属する（単位 :億円）

車載

伸び率

31.9

7.1％

28.5

2019年3月期業績見通し

For foreign investors

営業利益

伸び率

19.1

14.5%
5.9%

617.6

仕様別

増減
売上

営業利益

売上

営業利益率

車載

電子回路基板用途別の売上構成比（単位 :億円）

2018年3月期上期 2019年3月期上期

means to ensure the transparency of our management practices.

名屋佑一郎

上期の業績について
当社の主要な販売先である車載向け基板は、貫通4層基板から６〜８層への多層化を伴いながら販売が増加いたしました。また、自動運転などの走行安全分野とLEDヘッドライトに代表される金属基板の販売が拡大いたしました。こうした需要トレンドに対して、新規提案や試作な
どの受注拡大政策を積極的に推進いたしました。また、スマートフォン向けの基板は韓国系、中華系ともに販売が増加しておりますが、ビルド
アップ基板を更に拡販するため、今年度注力をしているIoTモジュールやAIスピーカー向けの基板の拡販も着実に進行いたしました。その一方で、米中貿易戦争を背景に、景気の低迷など先行きの不透明感が強まってまいりました。
2019年3月期上期の業績につきましては、売上高は617億58百万円となり、前年比85億45百万円の増収となりました。利益面につきましては、工場の稼働が高い水準で推移したことなどから、営業利益は56億74百万円、経常利益は63億45百万円、親会社株主に帰属する当期
純利益は53億31百万円となりました。

下期の見通しについて
2019年3月期通期の業績につきましては、上期の業績が好調に推移したことを受けて見通しを修正することといたしました。売上高1,200
億円、営業利益92億円、経常利益90億円、親会社株主に帰属する当期純利益73億円とそれぞれ修正いたしました。下期につきましては、例
年中国の国慶節や春節、ベトナムのテト休暇などの大型休日があり、稼働日数が減少するため販売への影響を受けますが、下期にはこれに加えて米中貿易戦争による世界経済への影響が懸念され始めており、自動車向けやスマートフォン向けの基板の販売は弱含みで推移する見通しとなっております。

所有者別株式分布状 況（普通株式）

投資計画について株式に関するお問合せ

個人・その他

43.81%

金融機関

23.63%

外国法人等

22.00%

その他の法人5.83%

金融商品取引業者

2.38%

自己名義

2.35%

お取引の証券会社にお問合せください。
のお手続きは、左記三井住友信託銀行証券代行部 にお問合せください。

当期の投資につきましては、120億円の投資を計画し、上期に検収ベースで99億円の投資を行いました。下期は投資規模を拡大することとし、通期で150億円の投資を行う計画といたしました。主な投資としては、ベトナム工場において、先端基板を生産する第3工場と、フレキシ
ブル基板とEMS事業を強化するための第1工場の増床を行っております。国内では、山形工場と石巻工場の車載分野の先端基板の投資を進めるとともに、福島工場では第２工場を建設いたしました。その他の工場においても先端基板への投資、省人化・自動化投資に加え、旧式設
備の入れ替えによる生産能力アップと品質の向上を行ってまいります。当社ではこうした投資を通じて、将来の基板需要の増加へ積極的に対応してまいります。こうした投資を活かして、更なる生産性と品質の向上を進めつつ、利益率の向上を進めます。特に、自動運転に代表される
車載先端分野への対応や、５Gへの対応が始まるハイエンドスマートフォン向け基板の量産対応については、これからの戦略の根幹となる投本 社 〒252-1104 神奈川県綾瀬市大上5-14-15
TEL：0467（76）6001（大代表）

ホームページ資であります。

http://www.meiko-elec.com/

見通しに関する注意事項
本報告書に記載されている情報につきましては、
当社の計画、
業績など将来の見通しに関する記述が含まれており、これらの記述は、その時点で入手可能な情報および当社が合理的であると判断する一定の前提条 件に基づいています。実際の業績は、さま
ざまな要素により、これらと異なる結果となり得ることをご承知おきください。

株主の皆様をはじめ、すべてのステークホルダーのご支援、ご期待に応えるべく、改善のための各々の施策に全力で取り組み、業績と企業
C009419

価値の向上に努めてまいる所存です。今後とも一層のご支援・ご鞭撻を賜りますようお願い申し上げます。

この冊子は環境保全のため、植物油インキとFSC®認証紙を使用しています。
見やすく読みまちがえにくいユニバーサルデザインフォントを採用しています。

MEIKO REPORTCSR Report 201812

SOCIAL REPORTSOCIAL REPORTFor Local Communities Social Contribution

Action1

Factory visits for neighboring high schools
In cooperation with the neighboring high schools, Meiko actively holds factory visits and accepts internship to support thestudents learn about the society and local business through practical experience.

Major Activities in 2017

Future Plans

Implemented CSR activities addressing local issues at
each site

Create a framework that enables more employees toparticipate autonomously

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

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

Action2

Blood donation
Meiko is actively involved in blood donation activities at bases in Japan and overseas. At the Fukushima Factory, 12

employees in September and 8 employees in March donated blood as a small part of their contribution to society, hoping they can help savesomeone’s life. Also at the Yamagata Factory, 14 employees in February donated blood.
From the Guangzhou Plant, as many as 84 employees participated in a blood donation activity in June held by the Nansha City.

contribution activities in each local community.
Wuhan Plant, China● Local clean-up activities
Thang Long Plant, Vietnam● Local clean-up activities
Vietnam Plant● Donation in Tet period to families, elderly anddisabled people who require financial support● Sponsorship of a local traditional
wrestling tournament● Donation of television and personal
computer the elementary school in Phung Xa Village● Donation of mooncakes to the children of
Phung Xa Village

Guangzhou Plant, China● Participation in a blood donation activity heldby the Nansha District government(84 participants in June)● Donation to Nansha District Elementary School tosupport the local school education● Participation to the Nansha City local activities and cleaned up the area
● Sponsorship of the activities at Dachongcun Home for the Elderly

Ishinomaki Branch Factory● Local clean-up activities
Yamagata Factory● Sponsorship of Yachi Donga Festival● Sponsorship of Kahoku Hokuhoku Festival● Provision of factory visits and internships
for students of local high schools● Participation in blood donation activities(14 participants in February)● Donation of photo news board to neighboring elementary school

Blood donation activities at Yamagata Factory

Fukushima Factory● Co-sponsoring the Hirono-cho Summer Festival● Semiannual participation in blood donation activities(12 participants in September, 8 in March)● Provision of factory visits and internships forstudents of local high schools
Headquarters and Kanagawa Factory● Co-sponsoring the Ayase Environmental Network● Co-sponsoring the Ayase Commerce and Industry Fair
● Co-sponsoring the “Ayase Fureai-no-ie”
managed by the Ayase Council of Social Welfare● Co-sponsoring the Ayase City Fireworks Display● Held the spring game of the Ayase City
Children’s Baseball Foundation and the Meiko Cup● Co-sponsoring the 16th Kanagawa Prefecture’s Skills
Competition for People with Disabilities, Abilympics 2018
● “Prevention of car accident” campaign,
donation to neighboring elementary and middle schools

Blood donation activities at Guangzhou Plant

Action3Social contribution activities suited to the local community
Meiko’s Guangzhou Plant was awarded “Guangzhou City Environment Public

Benefit Entity” by Guangzhou City Environment Preservation Department.

Meiko’s Vietnam Plant continues to serve the local community through activities such as donation of television and personal computer to theelementary school in Phung Xa Village, donation of mooncakes to the children, sponsorship for the yearly traditional wrestling festival, etc.

Donation of television and personal computer to the elementaary school

13

Sponsoring the Wrestling Festival

CSR Report 201814

ENVIRONMENT REPORTENVIRONMENTREPORTAt Meiko, we believe that minimizing the environmental
burdens of our business activities is our mission andour responsibility as a company helping to achievea sustainable society.

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

Major Activities in 2017

Future Plans

CO₂ emissions increased slightly compared with the previous year

Reduce energy per production volume by 1% or more

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

Promote the replacement of fluorescent lamps with
LED lamps

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

Strive for 100% waste recycling rate

Employed systems such as our waste exchangesystem to utilize disused items

President & CEO

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

Stayed abreast of the added SVHCs and performed
supplier surveys

General Manager Responsible for EMS (Japan)

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

Person responsible for EMS at Headquarters District

Guangzhou Plant in China

Wuhan Plant in China

Vietnam Plant

Person responsible for EMS at Kanagawa Factory

Person responsible for EMS at Ishinomaki Factory

Thang Long Plant
ISO14001 Promotion Secretariat at Headquarters● Management concerning ISO14001● Promotion of environmental improvement• Energy conservation• Waste reduction

warming

Acquisition of ISO14001 certiﬁcationwater are critical responsibilities that we have for the generations that come after us. We use
resources eﬀectively and operate in a way that is compatible with our living environment.

General Manager Responsible for
EMS (Vietnam)

Internal environmental auditor from the ISO Promotion Office

Person responsible for EMS at Yamagata Factory

Meiko recognizes that protecting the global environment and committing to clean air andGeneral Manager Responsible for EMS (Wuhan)Internal environmental auditor from the
ISO Promotion Secretary

Person responsible for EMS at Fukushima Factory

Basic Environmental Policy Preventing global

General Manager Responsible for EMS (Guangzhou)

Reusing
natural resources

Preventing pollutionof the ecosystem

We view ISO14001 as an important standard for environmental management,
began to take action toward obtaining certification in Fiscal 2000, and havesince continued these initiatives at our plants in Japan and overseas.

●Environmental Action Guideline
Meiko’s businesses include the pattern design andmanufacturing of printed wiring boards and the
manufacturing of metal masks, as well as thedevelopment and manufacturing of electronic devices.
We consider the implications of these activities for theenvironment, and emphasize the importance of
reducing their impact in terms of prevention of global
warming, cyclical use of resources and prevention ofcontaminating the ecosystem.
In accordance with our basic environmental policy, we
fully comprehend the impact our business activities
have on the environment. We make every effort toprevent environmental pollution and reduce ourenvironmental footprint through the following
measures:15●Our acquisition of ISO14001 certification
1. We have established a structure for strengthening our environmental conservation activities,
and we develop and revise our environmental management system, operate the systemappropriately to reduce our impact on the environment, and work continuously to improve both.
２．We contribute to environmental conservation by making efforts to conserve resources andenergy, reduce waste, and encourage recycling.
３．We will properly manage chemical substances in products so that the product does notcontain harmful chemicals.
4．We properly manage chemical substances contained in our products and make sure our
products do not contain toxic chemical substances.
5．We properly manage chemical substances in the production process to limit their usage andreduce their environmental impact.
6．We observe all laws, regulations, ordinances, and other requirements concerning theenvironment.
7．We set environmental goals and objectives, conduct environmental conservation activities,
and strive to improve these activities.
We provide training and instruction to all our employees with the aim of instilling a strong
8．
awareness of environmental conservation activities in them.
We are documenting this environmental policy and distributing it to all our employees, and9．
are also making it available to the public.
October 19, 2017

President & CEO Yuichiro Naya

2001. 03.27 Headquarters and Kanagawa Factory
09.25 Yamagata Factory
2003. 04.17 Extended certification obtained by the Fukushima Factory
04.30 Guangzhou Plant in China obtained certification
2005. 04.22 Integrated certification obtained by the three Factories in Japan

ISO14001 Certificate for factories in Japan

ISO14001 Certificate for Guangzhou Plant in China

ISO14001 Certificate for Wuhan Plant in China

ISO14001 Certificate for Thang Long Plant in Vietnam

04.22 Extended certification obtained by M. D. Systems Co., Ltd.
2006. 04.28 Extended certification obtained by Solder Stencil Dept.
2007. 02.20 Wuhan Plant in China obtained certification
2009. 03.26 Extended certification obtained by Meiko Research andDevelopment Center, Yamato Technology Center2010. 06.18 Extended certification obtained by Thach That Plant in Vietnam
2014. 01.15 Ishinomaki Branch Factory obtained certification again
2015. 04.24 Thang Long Plant in Vietnam obtained certification2017. 01.27 All plants completed transition to 2015 version of ISO14001* The factories in Japan obtained certification from Japan Electrical Safety &Environment Technology Laboratories (JET). The plants in China obtained
certification from TUV Rheinland. The Vietnam Plant obtained certificationfrom Bureau Veritas Certification (BVC).

CSR Report 201816

ENVIRONMENT REPORTENVIRONMENT REPORT

Complying with environmental laws and Ordinance
Environmental laws and ordinances have been amended dueManagement’s VOICE

to increasing awareness of environmental impact. We believethat ensuring our compliance with all the amended laws andordinances of individual regions will lead to our contributing toenvironmental protection in each local community. In
accordance with ISO14001, we identify the laws andordinances of individual regions that are related to ourbusiness activities, and watch for any amendments to ensure
full compliance.

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

■Total amount of emissions (1,000 tons of CO2)600

General Manager Responsible for EMS
Director and Managing Executive Officer

Takahiro Matsuda

Based on Meiko’s environmental policy, we are taking measures
to conserve resources and energy, reduce waste, encourage
recycling and properly manage chemical substances containedin products, as well as those in the production processes, to limit

0

1,000

Meiko conducted an assessment of the environmental impact of ouradditional solar panels have been set and started photovoltaic
power generation in April 2017.

targets and continued action toward the new targets. We will continue toimprove production efficiency and conduct further energy-saving initiatives toachieve steady reductions in per production volume metrics.

2014

2015

2016

2017

0

Rate of consumption
per production volume

0

2013

2014

2015

2016

2017

6,000

1.0

0.5

3,000

0.5

0

We will continue to reduce environmental risks to help conserve

50

0.5

the global environment and contribute to society as we aim to

0

2016

2017

Rate of consumption
per production volume

1.00

2011年度Rate of consumption
per production volume

2015(based on the figure for Fiscal 2012 set to 1.0)

1.5

1.0

2014

0

2017

9,000

100

2013

2016

1.5

1.5

conduct environmentally friendly manufacturing.

2015

12,000150

facility, the business will grow further.

2014

2.0

2.0

power generation every month. With the launch of the additional

2013●Changes in our natural gas consumption

200Park is around 3,000KW. The Solar Park has achieved stable

0.5■Total consumption (1,000m³)●Changes in our gasoline consumption(based on the figure for Fiscal 2012 set to 1.0)

■Total consumption (1,000L)

0

2011年度(based on the figure for Fiscal 2012 set to 1.0)

5,000

2,000

gasoline. Also closely related to environmental impact are resources such as

2013

6,000

Fukushima Factory. On the land adjacent to the Solar Park,

534KW. The total generating capacity including the original Solar

1.0

125

●Changes in our fuel oil consumption

Promotion of environmental targets plan

installed with 2,016 solar panels, and the generating capacity is

2.0
1.5

375

0.5

■Total consumption (1,000L)

3,000

significant impact on the environment including electricity, heavy oil, gas, and

500

1.0

100

constructed Solar Park Fukushima within the premises of MeikoThe new power generating area is approximately 7,500m 2

Rate of consumption
per production volume

250

4,000

corporate activities. As a result, we found that the types of energy that have a(based on the figure for Fiscal 2012 set to 1.0)

625

2.0
1.5

300

As part of Meiko’s environment activities, in June 2015 wewaste acid, and waste alkali. In Fiscal 2017, we reset the benchmark andRate of consumption
per production volume

450

their usage and reduce their environmental impact.

raw materials, water, and paper, and waste, including plastic waste, sludge,(based on the figure for Fiscal 2012 set to 1.0)

2013

2014

2015

2016

2.0

2017

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 inproduction volume, the rate of consumption per production volume remains unchanged.

0

Examples of energy saving improvements
Improvement example at Vietnam Plant

Prevention of Global Warming

compressor discharge pressure was reduced from 0.70 MPa to 0.67 MPa. Efforts were

our precious earth. Efforts to prevent global warming constitute energy

made to release the exhaust heat from the compressor and air dryer, and to lower thesaving activities to reduce the amount of CO2 emissions generated

compressor room temperature. As a result the electricity usage was reduced.

from energy consumption.

Reduction in CO2 emissions per year : 180 tons(4% reduced compared to the past)

We have formulated and promoted the annual plans and theaccordance with laws and regulations not only in Japan but also in

Improvement example at Yamagata Factory

overseas plants, through which we promote global activities to prevent

and Administration Division. While some individual improvements wereachieved, we could not achieve the target for reduction in energy per
production volume as a whole, due to fluctuation in production volume.
We will continue our efforts to reach the goal of energy saving.

17

Compressors

Improvement example at Yamagata Factory

medium-to-long term plan to reduce the amount of CO2 emissions in

In Fiscal 2017, we conducted further energy saving activities at Plants

Twelve compressors supply compressed air to the plant. Since the pressure setting of
the compressed air was exceeding the pressure required at the production facility, theMeiko views the issue of greenhouse gases as a significant threat to

global warming.

Improvement example at Vietnam Plant

By introducing compressors which collect the exhaust heat, the heat collected isEnergy Saving Committee

used to raise the temperature of water supplied for steam boiler. As a result theboiler steam used for raising the temperature of the water tank was reduced andfuel efficiency of the boiler improved, and less heavy fuel oil was used.
Reduction in heavy oil used per year : 3,000 liters (8% reduced compared to the past)
Reduction in carbon gas emission per year : 81.3 tons

Compressors

CSR Report 201818

ENVIRONMENT REPORTENVIRONMENT REPORT

Cyclical Use of Resources
Water Consumption

Preventing Pollution of the Ecosystem
Measures for Reducing Environmental Burdens●Changes in our water consumption■Total consumption (1,000m3)

A large amount of water is used in the manufacture of PCBs for

14,000cleaning. We have reduced the amount of water used by managing the(based on the figure for Fiscal 2012 set to 1.0)

Rate of consumption
per production volume

2.0

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

10,5001.5

burdens. Specifically, we comply strictly with laws and ordinances for preventing pollution and the standards agreed on with local communities.

amount used at each facility and using reverse osmosis (RO) water*.

7,000

1.0

We are also striving to reduce the total emissions, water consumption, and paper consumption confirmed in accordance with the PRTR Act.

We continue to carry out efforts to use the minimum amount of water

3,500

0.5

required to maintain product quality in each process and to use0discharged water through the introduction of a RO concentrated water

2013

2014

2015

2016

2017

0

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 asystem. These efforts have proven effective in achieving reductions.

regular basis to help maintain the local environment. The table below shows the levels of the substances we have emitted from our* RO water refers to water purified using reverse osmosis. It is used for cleaning the PCBs

plants, all of which are below the standard.
●Changes in our photocopying paper consumption

Paper Consumption■Total consumption (thousand sheets)

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.

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

12,000Rate of consumption
per production volume

9,000

1.5

6,000

1.0

3,000

0.5

Reduction and recycling of waste

0

2013

2014

2015

2016

2017

Water quality

2.0

0

Kanagawa
Factory

We have been reducing waste based on the 3R strategy (reuse,
reduce, and recycle). Continuing on from Fiscal 2016, efforts were

Fukushima
Factory

actively made to recycle waste into valuable resources. The recycling

Atmosphere

Plant name
Equipment

Substance

Soot and dust
concentration

Nitrogen oxide
concentration(NOX)

Measurement unit

g/m³N

ｖｖ
/ ppm

Actual value

0.002

62

pH

BOD

COD

SS

Measurement unit

-

mg/L

mg/L

mg/L

Actual value

7.23

7.0

13.3

-

Standard value

5.7〜8.6

25

25

70

Standard value

Measurement unit

-

mg/L

mg/L

mg/L

Measurement unit

g/m³N

ｖｖ
/ ppm

Actual value

7.56

12.8

9.1

1.1

Actual value

0.005

57

Steam boiler

Steam boiler

180
0.3(Air Pollution Control Act) (Air Pollution Control Act)

rate of waste, the percentage of waste that was used for purposesStandard value

5.8〜8.6

25

25

70

180
0.3
Standard value(Air Pollution Control Act) (Air Pollution Control Act)

other than landfill, exceeded 99% at our plants in Japan in Fiscal 2017.

Measurement unit

-

mg/L

mg/L

mg/L

Measurement unit

g/m³N

ｖｖ
/ ppm

Actual value

7.6

8.7

16.8

15.2

Actual value

0.005

64

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

Ishinomaki
BranchFactory

Steam boilerStandard value

5.8〜8.6

25

160

60

180
0.3
Standard value(Air Pollution Control Act) (Air Pollution Control Act)

Measurement unit

-

mg/L

mg/L

mg/L

Measurement unit

g/m³N

ｖｖ
/ ppm

Actual value

7.1

16.3

15.4

3.5

Actual value

0.014

45

Steam boilerStandard value

5.8〜8.625(20)

160(120)60(50)

180
0.3Standard value(Air Pollution Control Act) (Air Pollution Control Act)

Measurement unit

-

mg/L

mg/L

mg/L

Measurement unit

g/m³N

mｇ/㎥N

Actual value

7.12

5.3

76.0

18.5

Actual value

15.63

125.73

We collect resources from some industrial wastes generated in our plants throughStandard value (Province)

6〜9

300

500

400

Standard value National Std.：100
Local Std.：80

treatment plants and facilities established within the premises of the Company.

Measurement unit

-

mg/L

mg/L

mg/L

Measurement unit

mg/m³N

mg/m³N

Actual value

7.52

5.9

22.3

18.6

Actual value

17.8

14

Standard value (Country)

6〜9

20

80

50

Standard value

50

400

Measurement unit

-

mg/L

mg/L

mg/L

Measurement unit

mg/m³N

mg/m³N

Actual value

7.61

8.1

15.7

5.7

Actual value

42.3

64.30

Standard value

6〜9

30

75

50

Standard value

200

850

Examples of waste reduction eﬀorts
Guangzhou
Plant

Internal resource recovery

1. Collecting gold from gold plating waste liquidCollecting copper from soft etching waste liquid
２．
Collecting copper carbonate and copper sulfate generated from copper
３．
collected from etching waste liquid

The cyclical use of resources prevents the exhaustion of natural resources andcontributes to the protection of the global environment.

Wuhan
Plant

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

VietnamPlant

boilerSteam boiler

boiler400* 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.

19

CSR Report 201820

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 our

MANAGEMENT REPORT

environmental burdens for Fiscal 2017. 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.

To ensure that operations are efficient and appropriate, Meiko has
improved its transparency and established a management framework thatwill 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 2017 (April 1, 2017-March 31, 2018) Outline of business: Manufacture of PCBs

INPUT
Energyinput

Resources

Electricity
Heavy oil
Natural gas
Light oil
Gasoline

OUTPUT(1000kwh)
(kℓ)
(km3)
(kℓ)
(kℓ)

538,030
1,144
9,937
3,679
95

(km3)
10,774
Water
Photocopying paper (thousand sheets) 8,655

Chemical substances PRTR substances (t)CO2 emissions
NOxemissions
AtmosphericreleaseSoot and dust
PRTR substances

(kt)
(t)
(t)
(t)

524
121
7.3
4.2

Discharge into water table PRTR substances

(t)

0.24

Amount of waste generated (t)PRTR substances
(t)

3,517
18

Chemical
substances

369(in Japan only)

Management of Chemical Substances Contained in Products
In accordance with our Environmental Action Guidelines, we strictly manage our production process in accordancewith our chemical substance control rules that stipulate prohibited substances to ensure that our products do notcontain hazardous substances prohibited by the RoHS Directive and other laws and regulations. We request thatour business partners submit environmental data such as guarantees of non-use and analysis reports, so that wecan properly communicate this information in response to our customers’ requests for research.

Corporate GovernanceDirector and Executive Officers in accordance with the policies

Our organizationof our Board of Auditors. The Internal Audit Department

At the Meiko Group, the Board of Directors is the principal

improves and expands our internal check system and ensures

decision-making body.

that corporate governance and compliance function effectively

Our auditors audit and check the execution of duties by eachbased on the policy for our internal control system.

● Corporate Governance Framework at Meiko

Shareholders Meeting
Appointment/Dismissal
Accounting Auditor

Appointment/Dismissal

Appointment/Dismissal
Board of Directors

Board of Auditors

Supervision

Cooperation

Supervision
Select●Management system for chemical substances contained in product
Meiko

Environmental contract
Environmental audit

Business
partners

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

・Chemical substance control for purchased goods(Green procurement standard)

Environmental demands

・Environmental assessment of business partners

Communication of information

President & CEO
Customers

・Environmental data management
・Product environmental survey

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

Employee s VOICE
Environment Facility
Maintenance
Department
Yamagata Factory

Yoshihiro Ohta

Internal Control Committee

General Affairs Headquarters

Compliance Committee

Accounting Headquarters

Risk Management Committee

Sales Headquarters

Internal Audit Department
Internal auditing

Quality Assurance Headquarters
Production Headquarters

At Yamagata Factory we are working on zero emission of waste.
For example, the copper content waste fluid discharged during the operations is added to
the raw wastewater. In this way, the copper content rate of the waste sludge increases
and the wastewater becomes “copper content sludge” which is valuables.

Research and Development Group
Affiliated companies

Through such efforts we will promote zero emission based on our Basic Environmental
Policy.

21

CSR Report 201822

Management ReportManagement Report

Internal Control

Compliance

Major Activities in 2017

Future Plans

Major Activities in 2017

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

Evaluate internal control based on Financial
Instruments and Exchange Law

Distributed monthly e-mail newsletter focusing on compliance

Audit by Internal Audit Division

Future Plans
Compliance education through e-learning

Put up posters about compliance

Implement internal audit

Meiko positions compliance as a critical aspect of management. Our corporate activities comply with laws andWork closely with the auditors

ordinances, social ethics and morals. To promote compliance, our activity standards are codified in the Corporate

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

Charter of the Meiko Group and the Code of Conduct, and the framework of our activities is explained in ourCompliance Regulations.

with each other to establish corporate governance. Internal control, as part of corporate governance, is essential for
ensuring increased management efficiency and the fairness of all company activities. The effectiveness of Meiko’s internal
control is evaluated, and the results of these evaluations are used to make further management improvements. This is ourCompliance Posters

Compliance Handbook

mission to fulfill our corporate social responsibility and we, as the Meiko Group, will promote these activities.

To further raise the consciousness of compliance, we put up

In order to raise awareness of compliance, the Company´s own

Internal Control System

Internal control concerning ﬁnancial reporting

posters.

unique Compliance Handbook is distributed to all executives andOur Board of Directors passes resolutions and seeks to refine theUnder its Basic Policy on Internal Control System and according to the(Transparent files of the same design are also produced andemployees. The contents are also posted to the in-house website.

following aspects of our system (Basic policy on Internal Control

Practice Standards for Management Assessment and Audit concerning

System) for ensuring proper operations in accordance with theInternal Control over Financial Reporting set by the Financial Services

Companies Act and Ordinance for Enforcement of the Companies Act.

Agency, Meiko developed policies and plans concerning the policy,● Basic Policy on Internal Control System Structure for Fiscal 2018

evaluations, the scope of evaluations, evaluation schedules and recording and

1. A system for ensuring compliance within Meiko Group
2. A system for storage and management of information
concerning the execution of duties by our Directors
3. A system regarding risk management within Meiko Group
4. A system for ensuring that the duties of Meiko Group
Directors are executed efficiently
5. A system for ensuring proper operations by the MeikoGroup
6. A system relating to employees who will assist the Auditorswith their duties
7. A system for reporting to Auditors
8. A system for ensuring the effective execution of audits by
Auditors

used internally)

procedures and methods for evaluating our internal control, the framework ofstorage of evaluation results, and we have set a framework for evaluations led
by management. In line with these policies and plans, following Fiscal 2016,
we evaluated the effectiveness of our Companywide internal controls

Compliance Handbook(including account settlement and financial reporting processes) that could
have a substantial effect on our consolidated financial reporting once again in
Fiscal 2017. As a result of this evaluation, we stated that “Our internal control

Posting compliance cases to the in-house website

over financial reporting has been effective” in our internal control report for

Every month, an example of compliance case is introduced

Fiscal 2017 and received appropriate opinions from our auditors.
●Internal Control of the Meiko Group in Fiscal 2017
Internal Control Committee●

Assistance inimproving internal
control,
preparations forevaluations andcreation of reports

Board of Directors
Passing resolutions on
internal control policies● Passing resolutions on the
improvement/promotion ofinternal control●

Board of Auditors●

Audits andvalidates of theeffectiveness ofinternal control

and explained with illustrations.

Compliance e-mail newsletter
Monthly newsletter is distributed electronically.

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

Group companies’ departments responsible for implementing internal control

23

CSR Report 201824

Management ReportManagement Report

Introduction of the Helpline
We have a whistleblowing system (Helpline) to report on
violation of compliance spotted or sensed so that the case ishandled appropriately. Reporting contact includes an officeindependent from Meiko to protect whistleblowers from any

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

Major Activities in 2017

Naoki Saito

disadvantages. Efforts are made for the Helpline to function
effectively.

Information Security

Person
VOICE fromin Charge

Updated ISO27001 certification

The Meiko Group complies with laws and ordinances, and internal

Future Plans
Expand the applicable area of ISO27001 certification

Obtained ISO27001 certification at Vietnam Plant

regulations, led by the spirit of the Company, encapsulated in our
Business Principles and Corporate Charter. We aim at fair andOur business is the manufacture and sales of electronic PCBs. To continue our business, we believe that it is

Antisocial forces

reliable corporate activities which are consistent with common social

Meiko refuses to have anything to do with any individuals andTo establish and operate the compliance system is part of thecompany-wide initiative on information security, we have obtained ISO27001 certification in Information Security

corporate responsibilities. Improvements in business operation will

Management System (ISMS), with which we will establish, maintain and strengthen information management

organizations perceived as antisocial forces that threaten theideas and corporate ethics.

social order and safety, not only its attributes, but pursuit ofbe made taking into account the compliance viewpoint.

economic gain using violence, force or fraudulent techniques

Since our Group has both large-scale manufacturing sites in Chinaor its use, and is resolutely determined to work in close
cooperation with external dedicated institutions such as thepolice in accordance with “Regulations for dealing with
antisocial forces” and various “Manuals.”

ASEAN countries, compliance activities on global basis is required.
We will continue the coordination between the departments incharge at each of our sites and the Compliance Committee, andexecutives and employees to grow as a trustworthy corporation.

Compliance Organizations
The Compliance Committee has been established as an organizationthat ensures compliance is being faithfully conducted throughout the
Meiko Group. The Committee is convened regularly every year or asotherwise required by the Compliance Officer and Administrative Section(General Affairs Department), with activities focusing on the Auditors andother responsible executives from General Affairs Department, Human
Resources Department, and the relevant departments.

●Organizational Chart on Compliance

Reports

Corporate lawyer

Instructions

Audit

Reports●Information Security Policy
Based on our Business Principles, we implement measures to strengthen our
information security system in order to protect our customer information andinformation assets from threats including fraudulent access, disasters andcriminal acts. We also take steps to raise awareness about information security
amongst the management and employees. To this end, we have set out thefollowing policy on information security and declare that, in line with ourBusiness Principles, all management and employees should devote concerted
efforts to implementing these policies.
1. We pursue continuous improvement in our information security system.
2. We provide every protection of our information assets and continuously
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 and conduct risk
management practices.

Instructions

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

Information security initiatives
At Meiko, we receive important information from customers. We therefore
recognize the importance of information security. Since the initialcertification in 2006, we have been expanding the applicable area ofcertification step by step to reinforce the information management system.
January 2006

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

October 2009

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

We take comprehensive measures to protect the confidential information

December 2010

Six applicable departments at the Guangzhou Plant in China obtained the certificationof our customer in accordance with our Information Security Policy.

December 2016

Applicable area of certification within Japan was extended

September 2017

Four applicable departments at Vietnam Plant obtained the certification

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.

Administrative Section

Protection of personal information

Protecting customer information

Information Security Education

Board of Auditors

Compliance Committee
Cooperation

systems with our customers.

and Vietnam, as well as sales bases in the Americas, Europe, andprovide education and awareness raising activities aimed at both

Board of Directors

essential that our customers have faith that we properly manage customers’ important information. As a

Drill against targeted e-mail attack
To raise the risk consciousness of information security, a drill
was implemented in 2017 as a simulation for targeted e-mailattack by sending a sample e-mail to all e-mail users based inReports

Instructions

Reports

Reports

Internal Reporting Contact Office

Japan. We plan to practice this type of drill in the future on aExternal Reporting Contact Officeregular basis.

Helpline
Departments and employees at Headquarters and affiliates

Information security lecture25

CSR Report 201826

Management Report

Corporate Proﬁle (as of September 30, 2018)
Risk Management

Headquarters

Major Activities in 2017

Future Plans

Conducted safety confirmation drills twice during the year

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

Reviewed the Emergency Communication System● Yamagata Factory
250, Maki, Yachi, Kahoku-cho, Nishimurayama-gun, Yamagata, Japan 999-3511● Ishinomaki Branch 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

Meiko has created a set of Crisis Management Regulations, and also BCP Basic Policy and Emergency Manual● 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

thereunder, which assume a variety of risks associated with environments, disasters, quality and information
security. We have also created a Business Continuity Plan (BCP) for each of our factories to minimize impact on● China Wuhan Plant (Meiko Electronics (Wuhan) Co., Ltd.)
No.9 Shenlong Road, Wuhan Economic and Technological Development Zone,
Hubei Province, P. R. China

the customer’s production plan in preparation for emergencies. As a measure to prevent information related
crises, we have set up a server at the Yamagata Factory as well as at Headquarters and we constantly back up● Vietnam Plant (Meiko Electronics Vietnam Co., Ltd.)
Lot LD4, Thach That -Quoc Oai Industrial Zone, Hanoi

our data to the additional server.
In the event of a disaster or accident, we will immediately set up an Emergency Headquarters led by the
President & CEO, and we have prepared an organization to determine the cause, assess the situation and takecomprehensive future measures, to quickly cope with risk and prevent reoccurrence.

Many risks could potentially affect the Meiko’s operating environment, including

Meiko conducts business impact analyses of various risk

risks of natural disasters such as earthquakes and tsunamis, changes in thefactors, and creates manuals for each site setting the recovery

management environment such as currency fluctuations and changes intime objective (RTO) and simulating initial emergency

macroeconomic conditions, and country risk at overseas bases relating to politics,

response systems. We will continue to regularly perform BCP

economics, and infrastructure. Meiko has created the Business Continuity Plan

President & CEO

Yuichiro Naya

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

Nao Tsuchiya

Senior Corporate Auditor

Hitoshi Iyomoto

AuditorTakashi Harada

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

No. of Employees:

12,106 (consolidated)(Japan: 811; Overseas: 11,295)*As of September 30, 2018

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

Main Business

Design, manufacturing and salesof PCBs, associatedelectronics-related businesses

Five-year Financial Summary
2013

2014

2015

2016

2017

Sales

(Millions of yen)

79,23190,895

95,287

95,911

108,542

Operating income(Millions of yen)922

△2,865

3,325

5,788

7,457

Ordinary income(Millions of yen)

1,931

1,075

△491

2,981

4,795

reviews as well as simulation drills, equipment and supply

Net income (loss)(Millions of yen)

23

△9,573△11,250

1,767

4,373

(BCP) for each site in preparation for emergencies. These plans describe various

preparation, and employee awareness raising in order to

Net income (loss) per share

(yen)

1.11

△365.76△429.8354.14

160.34

measures against relevant risk factors, ranging from a consideration of risk

ensure that BCP can be carried out smoothly.

prevention measures to post-disaster recovery work. We also reinforce our risk
management system through ERM (Enterprise Risk Management) activities.

Introduction of employee safety conﬁrmation system
We introduced a safety confirmation system for all employees
in Group companies in Japan, as well as employees stationed
overseas, in order to confirm the safety of employees andconvey information in the event of an earthquake with aseismic intensity of 5 lower or higher, or other disasters or●Emergency Headquarters
Chief of Emergency Headquarters (President & CEO)Assistant Chief
Risk Management Committee
Administrative Section
Local Response Headquarters
Group in charge of recovery

accidents. We perform company-wide educational training

Group in charge of operations measures

twice a year to ensure effective use of the system in the event

Group in charge of General affairs and human resourcesof disasters.

Group in charge of collection of company-wide information
Division in charge of individual risks

Changes in consolidated net sales(Millions of yen)
100,000
80,00079,23190,895

Changes in consolidated ordinary income

95,287

95,911

108,542

4,795(Millions of yen)
4,000

2,981

3,000

60,0002,000

40,000

1,000

1,931
1,075
△491

0

20,000
0

2013

2014

2015

Sales composition by application (Fiscal 2017)
Automobiles 44.5%
Other than PCB 6.2%
Other usage 7.3%
Digital home appliance 2.0%

2016

2017

-1,000

2013

2014

2015

2016

2017

Sales composition by product (Fiscal 2017)
Double-sided PCB 7.0%
Other than PCB 7.9%
Other PCBs 1.0%

Office equipment 4.2%

HDI PCB 41.2%

Storage 5.3%

Six-layer PCB 16.3%

Smart phones 30.5%

27

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

Further promotion of ERM activities

Creation of Group BCP

Capital 12,888 million yen

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

Conduct risk survey by a third party institution

Types of crises and risks

Established November 25, 1975

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

Four-layer PCB 27.6%

CSR Report 201828

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
Heavy copper PCBs are used in products which use large

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.

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 twolayer PCBs to ten layer PCBs, from standard PCBs to PCBs withspecial high heat dissipation or physical characteristics, to suit awide range of applications.

Module PCBHDI PCBs are made by creating conductive patterns on
insulation layers, and then stacking these layers to create amulti-layer board. The ability to place wires above connections
on other layers makes it possible to achieve high density andintegration. These PCBs can be used in mobile phones, digital
cameras, and other devices which require high density wiring
within a limited amount of space.

Module PCBs are ultra-thin HDI PCBs which

Metal Base Heat Dissipation PCB

support bare chip mounting and high density

Metal base heat dissipation PCBs are long-lasting

mounting. They are used in package modules
such as transmission and camera modules.

boards and are used for mounting environmentallyfriendly LED chips. They are used in home andoffice lighting, LCD television backlights, andautomobile headlights, etc.

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