FY2021 Q1
Financial Results Briefing
Aug 6, 2021

（Securities Identification Code: 6787）

This presentation contains forward-looking statements concerning MeikoGroup’s future plans, strategies and performance. However, Meiko does
not publish this presentation as a disclosure document based on theFinancial Instruments and Exchange Act of Japan.
These forward-looking statements are not historical facts, rather they
represent assumptions and beliefs based on comprehensive data
currently available.
Furthermore, the Printed Circuit Board business is subject to a number ofrisks and uncertainties that relate to raw material price, conditions ofcustomers’ market, technological trends, change of foreign exchange ,change of tax rules and regulations, disasters, international conflicts andother factors. Meiko therefore wishes to caution that actual results may
differ materially from our expectations.

FY2021 Q1 Financial Results - Consolidated
FY2020Q1

FY2021Q1（ 100 million yen）

Year-on-year
Diff.

%

Net sales

243

333

8936.7％

Operatingincome52419379.8％

22220

1,341.9%-11819-107.35

109.79Ordinaryincome
Net income
Average
Exchange rate（Yen/USD）

2.0%

0.6%

-0.3%

7.1％

6.6％

5.4％

0217142Quarterly Net Sales and Operating Income
Net Sales

Net Sales（100 million yen）

Operating
IncomeOperating
IncomeMarginOperatingincome
40300

315

303

32200

258.2%

298333

289

273

257

30

243

26

26

10.1%

23

178.7%

175.9%
72.5%

24

20

7.1%

165.7%

1000307299292336

325

135.1%
20.8%

57.2%

7.5%

10

4.6%

2.0%

0

FY18Q1 FY18Q2 FY18Q3 FY18Q4 FY19Q1 FY19Q2 FY19Q3 FY19Q4 FY20Q1 FY20Q2 FY20Q3 FY20Q4 FY21Q1

3

Net Sales and Operating Income by Product Application （100million yen）
FY2020Operating

Net Sales

Net Sales

income

55.0%

167

52

AI appliances/IoT/Amusement

24

Other Products

38

EMS

28

Total

243

Smartphone/Tablet101

incomeNet
Sales

（％）

（％）

Operating（％）

Automotive

Year-on-YearFY2021

1466

Operatingincome
（％）

98.4%

65.3%

180.0%

3.8%

68

8.8%

30.8%

200.0%

4.2%

1910.5%-20.8%

100.0%

2
1-2

6
2

16-541

53

315

55.7%

39.5%

--3.6%

26-1-3.8%-2-7.1%

02.0%

333

7.1%8936.7%

19-5.3%-1524-379.8%

03101330

4

Analysis of operating profit change FY20Q1➡ FY21Q1
Sales(100 million yen)variablecost

Laborcost
Energycosts

Other
fixed costs

Depreciation
selling
expenses

FY2020Q1 results

FY2021Q1 results

5Net Sales by Product Application
AutomotiveAmusement
Digital home appliances

Smartphones/Tablets
Storage
Other substrates（100 million yen ）AI appliances/IoT
Office equipment
EMS

1428(4.2%)

167

FY2021Q1

968(50.2%)(2.7%)(20.4%)

10(8.4%)4(1.2%)

7(7.8%)

26333-2(-7.1%)

90(37.0%)(3.0%) (2.1%)
66(65.3%)

16(30.8%)-5(-20.8%)1115(39.5%)15(4.5%) (6.2%)

101

FY2020Q1(41.6%)

52(21.4％)11(4.5%) (1.2%)

13(5.3%)03928(11.6%)

243(3.7%)200

6Net Sales by Product Specification（100 million yen ）Double-sided PCB

Four-layerPCB

Six layers or more

HDI PCBHigh Dissipation PCB

Flexible PCB

Other substrates

EMS

11(3.3%)

FY2021Q1

13(3.9%)74

68(22.2%)

131(20.4%)(39.4%)

626(1.8%) (7.8%)

333

4(1.2%)
28(60.9%)33(33.7%)21(44.7%)-2(-7.1%)

90(37.0%)4(1.6%)FY2020Q1

1146(4.5%)(18.9%)47(19.3%)

98(40.4%)

628(2.5%)(11.6%)

243

3(1.2%)

02007