FY2020 Third Quarter
Financial Results Briefing
February 8, 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.

Third Quarter Results FY2020- Consolidated(100 million yen)

Net sales
Operatingincome

Ordinary income

Net income
Average FX rate(JPY/USD)

Year-on-year

FY19 3 rd

FY20 3 rdquarter results

quarter results

898
50857
4149

Diff.

%

-41-4.6%-9-16.5%

5.4%

192.2%-30-61.1%

40

134.5%

1.5%-27-68.6%

108.88105.53

5.5%

4.8%

3

Quarterly Net Sales and Operating Income
Net SalesNet sales

300

303
277

280

255

200

5.9%

298

292

273

Operatingincome

40
325

307

289
257

30

243
23

198.2%
6.8%

20

10.1%

17

178.7%

1716
136.2%

70299

OperatingMargin(Total)

Operatingincome262515

10032

274

24
8.5%

315

(100 million yen)

2.5%

5.9% 5.7%

5.1%

52
0.8%

7.2%

104.6%

2.0%

017Q1 17Q2 17Q3 17Q4 18Q1 18Q2 18Q3 18Q4 19Q1 19Q2 19Q3 19Q4 20Q1 20Q2 20Q34

Third Quarter Results FY2020 by Product Application
FY2019

Sales

Automotive

410

Smartphone
Tablet208

IoT・AI・Amusement

70

Other substrates(R & D expenses included)

EMS
Total

149
61
898

FY2020Op erat i ngi n c o m e(%)

Sales

24

5.9%

368

199.1%

206

7

10.0%

770.7%

120-1.6%

865.5%

857

1-150(100 million yen)

Difference

Op era t i n gi n c o m e(%)

21Op era t i n gi n c o m e(%)

Sales-42-35.7%-10.2%-12.5%

6.8%

-1.0%

-26.3%

6.5%

10.0%

-28.6%

1.7%-19.5%

100.0%

-1.2%

41.0%

0.0%

4.8%

-4.6%

-18.0%

1452-1

41-2
7-2925-41-5-2
10-95

Analysis of Operating Income Change FY2019 3rd quarter → FY2020 3rd quarter(100 million yen)
Decreasein SalesDecreasein selling
expenses
Increase
invariable
cost

Operating Income
FY2019 3 rd quarter results
FX rate 108.88yen/US$

Impact ofFX rates

Decreasein fixedcost

Operating Income
FY2020 3 rd quarter results
FX rate 105.53yen/US$6Quarterly Net Sales and Operating Income (PCB + EMS)

1000900
800
700600500898

Net Sales14949195120850501583752

Operating Income6085764025193020641219400
20300200(100 million yen)42237923101000
FY2019 Q3Automotive0

FY2020 Q3

Smartphone/Tablet

18

FY2019 Q3

AI/IoT

Amusement

Storage

FY2020 Q3Other products

7

Sales by Product Application
Automotive
Amusement
Digital home appliances（100 million yen ）Smartphones・Tablet
Storage
Other substrates

IoT・AI
Office equipment
EMS

3060(3.5%) (7.0%)

FY2020368Q3

206(24.0%)(42.9%)

25-2(-1.0%)86857-29(-19.5%)＋25(+41.0%)-41(-4.6%)43612152(6.1%)-42(-10.2%)(10.0%)9(2.9%) (1.1%)(2.5%)＋7(+10.0%)(4.8%)FY2019

410

Q3

19

208

(45.6%)(23.2％)(2.1%)

51(5.7%)

0200

400

600

(6.8%)

12(1.3%)3361(6.8%)898(3.7%)

8008

Sales by Product Specification（100 million yen）

Double-sided PCB

Four-layer PCB

Six layers or more

HDI PCBHigh Dissipation PCB

Flexible PCB

Other substrates

EMS

20

FY2020Q3(2.3%)37(4.3%)159

160(18.6%)

19365

86(2.2%) (10.0%)(42.6%)(18.7%)

857

11(1.3%)-45(-22.1%)

FY2019Q3-1(-0.3%)-10(-5.9%)＋25(+41.0%)-41(-4.6%)22(2.4%)51(5.7%)204(22.7%)

170366(40.9%)(18.9%)

13 61(1.4%)(6.8%)

898

11(1.2%)

0200

400

600

8009