43rd Report to Shareholders(From April 1, 2017 to March 31, 2018)
Securities code: 6787

C

O

N

T

E

N

T

S

P.01

Interview with the President

P.05

MEIKO NEWS

P.07

Consolidated financial data

P.09

Global network

P.10

Corporate data

Back
cover

Introduction to shareholders’ memos/Introduction of Meiko website

Interview with the President

We will continue to meet needs
that provides the best value andyou describe the business environment and Q
Q1 Could
operating results for the fiscal year under review?
Let me start with the business environment
surrounding our company. Regarding ourI would like to express my sincere gratitude to all shareholders and investors for their outstanding support forour business.
I am pleased to take the opportunity of presenting our
MEIKO REPORT for the 43rd fiscal term (year ended
March 31, 2018) to explain the business conditions of
this period and our future business strategy
President & CEO

Yuichiro Nayaautomotive PCBs, we have been making new
proposals and producing prototypes in the fieldof driver safety – such as self-driving vehicles –and also for electric vehicles. We are also
receiving steady orders for our through-hole
PCBs. We are indeed sensing that smartphone
PCBs are slowing down somewhat in developed
countries and in the Chinese market, but wemanaged to stay strong as we expanded ourKey points of the financial results of FY2017

1. Net sales grew steadily, increasing 13.2% year on year to total 108,500 million yen.
Net sales•Sales remained upbeat in the automobile and smartphone markets.
•Sales of HDI PCBs rose dramatically.

Profit01 MEIKO REPORT

1. Operating income amounted to 7,460 million yen, up 1,670 million yen year on year.
2. Ordinary income totaled 4,800 million yen, up 1,810 million yen year on year.
3. Net income attributable to owners of parent amounted to 4,370 million yen, up 2,600 million
yen year on year.

s as the PCB manufacturer
d services.
shares among our clients.

As for profit, the rising costs of raw materials
affected us negatively, costing us 1,200 million

Net sales rose 12,631 million yen year on year

yen. Additionally, we were affected by the(+13.2%) to 108,542 million yen. A few factors

stronger RMB and JPY, and our operating

helped us: among the sales by usage type, ourincome was 7,457 million yen, up 1,669 million

automotive PCBs did particularly well, making

yen year on year (+28.8%). Ordinary income

48,280 million yen, up 4,580 million yen year onreached 4,795 million yen, which was a 1,814

year (+10.5%), while the sales of smartphone

million yen increase year on year (+60.9%). Net

PCBs grew significantly by 7,770 million yen to

income attributable to owners of parent was

33,120 million yen (+30.7%); among the sales by

4,373 million yen, an increase of 2,606 million yen

product type, our HDI PCBs achieved 44,700

year on year (+147.5%).

million yen, up 9,700 million yen year on year(+27.7%).

Revenue from each product in FY 2017
(in 100 million yen)
FY 2016
Sales
Automobiles
Smartphones
Others
Total

437.0
253.5
268.6
959.1

Operating income(Operating margin)

31.0
7.1%

19.0
7.5%

7.9

2.9%

57.9
6.0%

Sales
482.8
331.2
271.4
1,085.4(in 100 million yen)

Increase/decrease

FY 2017

Operating income
Sales Operating income(Operating margin) (growth rate) (growth rate)

37.2

45.8

6.2

7.7%

10.5%

20.0%

27.5

77.7

8.5

8.3%

30.7%

44.7%

9.9

2.8

2.0

3.6%

1.0%

25.3%

74.6

126.3

16.7

6.9%

13.2%

28.8%

Sales composition by PCB sales
By product specification
Double-sided PCB

Four-layer PCB(in 100 million yen)
Four layers or more

HDI PCB

PCB for other applications

Non-PCB20（1.7%）

Results in
762017 （7.0%）

299（27.6%）

Results in 78
287
2016 （8.1%） （29.9%）
0

200

177

447

（16.3%）

158（16.5%）

400

66（41.2%）

350

10（1.1%）（36.5%）

600

800

108,500 million yen（6.2%）

95,900 million yen

76（7.9%）

1,000

1,200

MEIKO REPORT

02

Interview with the President

Q2

What is your plans for the coming term?

Q3 What is your investment plan?

As for the coming term, net sales are estimatedto be 118 billion yen, up 9,458 million yen year on
year (+8.7%). Among the sales by usage type,automotive PCBs should make 51,100 million
yen, up 2,860 million yen from this term (+5.9%),
while the sales of smartphone PCBs are
expected to reach 35,700 million yen, up 3,300
million yen year on year (+10.3%). The PCBs forother usages should make 31,160 million yen, up
3,280 million yen year on year (+11.8%). 8,200
million yen is forecasted for operating income,up 700 million yen year on year (+10.0%).
Ordinary income is forecasted at 6,800 million
yen, up 2,000 million yen year on year (+41.8%)
and the net income attributable to owners ofparent should be 6,000 million yen, up 1,600
million yen year on year (+37.2%).

During the next fiscal year, we are planning toinvest 3,500 million yen into the domestic factories
and 8,500 million yen into the overseas factories.
Our main investments include the construction of
our third factory in Vietnam, a larger investment into
our Japanese factories, and the manpower saving
at our overseas factories. Through theseinvestments, we are going to achieve various
objectives such as revamping our factories to copewith cutting-edge automotive technologies,
mass-production for high-end smartphones, andthe new technologies, to boost the production
capacity of our domestic factories by replacing oldequipment and to improve quality. We invested
heavily in Japan this term. We have alreadymentioned in the interim MEIKO REPORT for the
43rd fiscal term our investment into the

Future outlook

Earnings forecast for FY 2018

Overall

Investments•Sales to remain strong in both automobile andsmartphone markets.
•We will upgrade HDI PCBs in the new field.
•We will improve flexible PCBs and module
implementation.
•To build the third factory in Vietnam.
•To increase domestic investment.
•To conduct investment for saving labor.

Year on year
Results for Forecast for
FY 2017
FY 2018
Increase/decrease Increase/decrease rate
Net sales

1,085.4

Operating income

74.6

Ordinary income

48.0

Net income

43.7(operating margin)(ordinary income rate)(net margin)

exchange rate during term
[yen/US dollar]

03 MEIKO REPORT(in 100 million yen)

1,180
82

6.9%

6.9%

4.4%

5.8%

4.0%

5.1%

110.66

106

68
60

94.6

8.7%

7.4

10.0%

20.0

41.8%

16.3

37.2%

cutting-edge automotive PCBs at Yamagata
Factory and Ishinomaki Branch Factory, and on topof that, we have recently decided to build thesecond factory in Fukushima. The factory there has
started to feel somewhat small with increasingorders in the industrial equipment, FA, and robotics
fields, so with this 1 billion yen investment, we aregoing to add a new building and install parts of theassembly lines to cope with the expected increasein demand.

Q4 Please give a message to shareholders.
At Meiko, we make returning profits toshareholders one of our top management
priorities and work to maintain stable dividends,
while taking a comprehensive view of our
financial performance and other factors when
distributing profits. To secure profits for
Revenue from each product in FY 2018
FY 2017
Sales
Automobiles
Smartphones*

482.8
323.8

Others*

278.8

Total

1,085.4

FY 2018

Operating income(Operating margin)

37.0
7.7%

27.0
8.3%

10.6

3.8%

74.6
6.9%

Sales
511.4
357.0
311.6
1,180

Operating income(in 100 million yen)

Increase/decrease(Operating margin)(growth rate)

Sales

Operating income

38.9

28.6

1.9

(growth rate)

7.6%

5.9%

5.1%

32.1

33.2

5.1

9.0%

10.3%

18.9%

11.0

32.8

0.4

3.5%

11.8%

3.8%

82.0

94.6

7.4

6.9%

8.7%

10.0%

*Because of the change in categories, the figures are different from those in the table titled“Revenue from each product in FY 2017.”

shareholders in the future, we make it a basic
policy to use internal reserves for investments
needed to further strengthen and improve ouroperating base and to use them for further
business expansion.
Regarding distribution of the surplus for the fiscal
year under review, we decided to pay a year-end
dividend of 10 yen per share and an annual
dividend of 20 yen per share in the light of ourconsolidated financial results, future prospects,
etc.
In response to the support and expectations ofshareholders and all other stakeholders, theMeiko Group will continue to do its utmost to
carry out measures needed to enhance corporate
value and attain excellent performance. We lookforward to your continued support andencouragement in the future.

Variation in capital investment
150

Domestic investment(in 100 million yen)Overseas investment

120
96

100

85
50

43
35

0
Depreciation

8

31

28
3

31

83

27
4

13

55

58

35

Results for 2014 Results for 2015 Results for 2016 Results for 2017 Results for 2018
71

64

62

MEIKO REPORT04

MEIKO NEWSThe construction of the third factory in Vietnam commenced.
On Saturday, April 14, 2018, we held the groundbreaking ceremony at the construction site for the third factory in Vietnam.
The ceremony was attended by the mayor of Funsa Village, the Communist Party Leader, and the staff of the Management
Bureau of Hanoi Industrial Park and a joint venture established by Taisei Corporation and Cotecons Corporation. It will takeabout 1 year to complete the third factory.

At the third factory in Vietnam, we will mass-produce high-end PCBs for automobiles and smartphones. We plan to start
manufacturing on the 1st floor of the factory in the 2nd quarter of fiscal year 2019, and on the 2nd floor in the 3rd quarter.

Trend of the smartphone technology

L/S is 40 μm to 50 μm for smartphone PCBs, which are being manufactured, while it is 30 μm for high-end smartphones.
Accordingly, we will adopt a manufacturing method for an L/S of 30 μm at the new factory in Vietnam.
L stands for “line” and means the pattern width of a PCB, while S stands for “space” and means the gap between patterns.

Mobile communication

4G

5G

High speed transmission

Data transmission speed

100M-1Gbps

10Gbps, USB3.1

Low dielectric material

Application processor

Flip chip CSP

Flip chip CSP/FOWLP

Narrow pitch

Display Panel

Liquid crystal/AMOLED

Liquid crystal/AMOLED/micro LED

FPC High definition

Large capacity

Main board miniaturization

Battery
Mainboard

L/S = 40/40 μm
2018■MainIC Mounting part wiring rule
0.4 mm pitch

05 MEIKO REPORT

0.35 mm pitch

MSAP (L/S=30/30μm)
2020

2022

SLP
(Trend)■MSAP Wiring formation

Efforts to produce cutting-edge automotive PCBs

There are two kinds of cutting-edge automotive PCBs. One is the electric technology represented by EV/PHV, as shown in the
diagram below. The other is the drive assist function represented by self-driving. Our company will make the utmost effort toproduce cutting-edge automotive PCBs. We ship evaluation boards and produce prototypes, in addition to the collaborative
development with clients. For some products, mass-production has been already started.
■EV/PHV(Electrification)■Automatic operation(Advanced driving support system)

Large current high voltage
High heat dissipation

High speed wide area communication
Connected car

High power
Conversion efficiency
EV charging

V2X communication
location information
Obstacle information

Compact andlightweight
Low-fuel consumption
CO2 emission reduction

System integration
Automatic operation control

High speed / high frequency
Sensing
Short / medium
distance information

High-performance, highly-functional printed-wiring boards

Technological roadmap for printed-wiring boards for automobiles
High density module substrate

Evaluation

Narrow pitch IC

Multi-Layer HDI

Trial

LED lighting

Metal base heat dissipation board

Mass production

Power IC

Copper inlay heat dissipation board

Trial

Heat dissipation

Thick copper substrate

Trial

Power IC

Component built-in board

Development

High speed transmission lines

Impedance control board

Trial

High frequency support

Millimeter wave radar board

Trial

High function

ADAS camera substrate

Evaluation

Autonomous-driving

Stack via substrate

Evaluation

Communication Communication module
Information
Body
Power train

Driving safety

Automotive technology

Substrate technology

2018

2021

202X
MEIKO REPORT

06

Consolidated financial data
Net sales

108,542

Consolidated balance sheet
million yen(in million yen)

End of FY2016

At the end of this period(As of March 31, 2017)(As of March 31, 2018)

Assets(Forecast)

120,000(in million yen)

Current assets

54,40056,790Noncurrent assets

49,17753,79445,75549,732

Property, plant and equipment

60,000

219

210

3,202

3,851

103,578

110,584

Current liabilities

45,00448,924

Noncurrent liabilities

30,033

28,617

Total liabilities

75,03877,542Intangible assets
Investments and other assets

0

Total assets

2015/3

2016/32017/3 2018/3

Liabilities

2019/3Operating income/Operating margin

7,457■■ Operating income●● Operating margin(Forecast)（％）

million yen(in million yen)

8,000

8.0

4,000

4.0

0

0

-3,000-4.0-6,000-8.0
2019/3

2015/3

2016/32017/3 2018/3

Net income*/Net margin

4,373

million yen■■ Net income*●● Net margin（％）(Forecast)

6,000

5
0

0

-5

-6,000-10
2015/3

2016/32017/3 2018/3-15
2019/3*Net income represents net income attributable to owners of parent.

07 MEIKO REPORT

26,17029,638

Capital12,88812,888

Capital surplus

11,745

11,745Retained earnings

1,932

5,400

Treasury stocks

△396

△396

Cumulative other comprehensive income

2,112

3,403

Valuation difference on available-for-sale securities

85

21

Shareholders’ equity

58

298

Foreign currency translation adjustment

2,437

3,512

Remeasurements of defined benefit plans

△469

△428

Deferred gains or losses on hedges

Non-controlling interests(in million yen)

-12,000

Net assets

Total net assets
Total liabilities and net assets

257―

28,54033,042

103,578

110,584

Key points of the financial results●Consolidated balance sheet
Total assets stood at 110,584 million yen, an increase of 7,006 million yen from theend of the previous consolidated fiscal year. This increase is mainly due to a decreaseof 1,999 million yen in cash and deposits, an increase of 2,876 million yen in notes andaccounts receivable-trade, and an increase of 1,769 million yen in inventories, whichwere all recorded under current assets. Factors behind the increase in total assets
also included an increase of 3,977 million yen in property, plant and equipment, which
was recorded under noncurrent assets.
Total liabilities amounted to 77,542 million yen, up 2,504 million yen from the end of
the previous consolidated fiscal year. This rise is mainly due to an increase of 2,956
million yen in notes and accounts payable-trade, an increase of 971 million yen in
short-term loans payable, a decrease of 1,844 million yen in the current portion of
long-term loans payable, and an increase of 1,998 million yen in other current
liabilities, all of which were recorded under current liabilities. Another factor behind theConsolidated statement of income(in million yen)

Consolidated statement of cash flows(in million yen)Previous period

Current period

Previous period

Current period(April 1, 2016 to March 31, 2017)(April 1, 2017 to March 31, 2018)(April 1, 2016 to March 31, 2017)(April 1, 2017 to March 31, 2018)

Net sales

95,911

108,542

Cost of sales

79,825

90,115

Net cash generated from operating activities

11,612

10,429Gross proﬁt

16,085

18,426

Selling, general and administrative expenses

10,297

10,969Net cash expended in investment activities△ 4,321△8,868

5,788

7,457

Non-operating income

376

1,081

Net cash generated from ﬁnancing activities△ 9,030△3,530Non-operating expenses

3,183

3,742

Ordinary income

2,981

4,795

The eﬀect of changes in the exchange
rate on cash and cash equivalents

△ 377

△35

Extraordinary income―

344

Extraordinary losses

255

296

Net increase (decrease) incash and cash equivalents△ 2,116△2,005

2,725

4,843

Income taxes

939

497

Cash and cash equivalents at the beginning of the period

19,312

17,196

Net income

1,785

4,346

18

△26

Cash and cash equivalents at the end of the period

1,767

17,19615,1904,373

Operating income

Net income before income taxes

Net income (loss) attributable tonon-controlling interests
Net income attributable to owners of parent

increase in total liabilities was a decrease of 589 million yen in long-term loans payable
and a decrease of 666 million yen in lease obligations, which were recorded undernoncurrent liabilities.
Net assets totaled 33,042 million yen, an increase of 4,501 million yen from the end of
the previous consolidated fiscal year, due primarily to an increase of 3,467 million yen inretained earnings and an increase of 1,074 million yen from foreign currency translation
adjustment.
●Consolidated statement of income
Because both our automotive PCBs and smartphone PCBs sold well, and the sales of
profitable HDI PCBs also grew significantly in the areas other than smartphones, net
sales increased 12,630 million yen year on year (+13.2%) to 108,542 million yen.
As for profit and loss, the costs of raw materials such as copper rose, and RMB
remained strong against USD as well as a sharp appreciation of yen against USD madeour environment a harsh one.
As a result, operating income was 7,457 million yen (+28.8%) year on year; ordinary

income was 4,795 million yen (+60.9%) year on year; and the net income attributable toowners of parent was 4,373 million yen (+147.5%) year on year.
●Consolidated cash-flow statement
Net cash generated from operating activities was 10,429 million yen, down 1,183 million
yen compared to the previous consolidated fiscal year. This was chiefly due to net
income before income taxes of 4,843 million yen and 5,816 million yen of the depreciation costs. Net cash expended in investment activities was 8,868 million yen, which was
an increase of spending of 4,546 million yen compared to the previous consolidated
fiscal year. This was mainly due to the spending of 8,380 million yen on acquiringproperty, plant and equipment. Net cash used in financing activities was 3,530 million
yen, which was a reduction in spending of 5,499 million yen compared to the previous
consolidated fiscal year. This was mainly due to the following: spending of 12,272 million
yen against the repayment of long-term loans; spending of 1,391 million yen against therepayment of lease obligations; and an income from long-term loans of 10,017 million
yen.

MEIKO REPORT

08

Global network

Meiko’s production and sales systems that meetglobal customer needs◆ R&D Base ● Sales Bases ▲ Affiliated Companies■ Production Base

Meiko Electronics Europe GmbH

Shanghai Sales Office
Meiko Electronics America, Inc.

Tianjin Sales OfficeWuhan Plant(Meiko Electronics (Wuhan) Co., Ltd.)●Guangzhou Plant(Meiko Electronics (Guangzhou Nansha) Co., Ltd.)●International Marketing Dept.
Asia Marketing Dept.
China Marketing Dept.

■
●

■ ●

In Japan●

Yamagata Factory(Yamagata Meiko Electronics Co., Ltd.)

Ishinomaki Branch Factory(Yamagata Meiko Electronics Co., Ltd.)■ ▲Bangkok
Representative Office●

Meiko Electronics Vietnam Co., Ltd.
（Meiko Electronics Vietnam Co., Ltd.）■

Omiya Sales Office■

Fukushima Factory■●●
Nagoya Sales Office●■▲◆●
Meiko Techno Co., Ltd.
▲●
Kanagawa Factory
Osaka Sales Office
Mito Sales Office
Technical Center

Meiko Electronics Thang Long Co., Ltd.
（Meiko Electronics Thang Long Co., Ltd.）
Meiko Elec. Hong Kong. Co., Ltd.

Meiko Tech

MEIKO Research andDevelopment Center

New Business Development Dept.

MANAGEMENTV O I C E
VOL.

4

Director and Managing
Executive Officer

Junya Wada

09 MEIKO REPORT

Headquarters
1st Sales Dept. Strategic Business
Management Dept.
2nd Sales Dept.
Product Development Dept.
FPC Sales Dept.

With sales of 108,500 million yen and an operating income of 7,400 million yen in fiscal 2017, the company
was successful in growing sales mainly for in-vehicle devices and smartphones. In addition, the company
was able to increase profits for the fiscal year 2017 by raising production throughput as a manufacturingbusiness and facility operation rate and improving the process.
We will strive to boost sales mainly for automotive PCBs and smartphone PCBs, which are expected to
grow further in fiscal 2018, too. As the trends for electric traveling and automatic driving are acceleratingin the automobile market, automotive PCBs are expected to increase more than the number of automobiles. The company will handle their increasing demand by improving the production capacity further in
Guangzhou Plant and Wuhan Plant in addition to the construction of a new building at Vietnam Factory.
Also, the company will aim to improve its management structure in order to deal with the labor cost thathas been increasing each year, by investing in automation for laborsaving.
As the market environment is favorable for expanding the business, the company strives to make further
progress. We would appreciate your continuous support.

Corporate data (As of March 31, 2018)
Corporate ProﬁleName
Established
CapitalNo. of Employees
Outline of Business

Stock Information

MEIKO ELECTRONICS CO., LTD.
November 25, 1975
12,888 million yen

11,640 (consolidated)(Japan: 760) (overseas: 10,880)

Design and manufacturing and sales of
PCBs and auxiliary electronics business

Number of Shares Authorized (Common Stock) 70,000,000shares
50shares(Class-A Preferred Stock)(Common Stock)
26,174,012shares
Number of Shares Issued(excluding treasury stock of 629,308 shares)
50shares(Class-A Preferred Stock)(Common
Stock)
Number of Shareholders
6,852(Class-A Preferred Stock)1
Principal Shareholders(Common Stock)

President & CEO

Yuichiro Naya

Director and Senior Managing Executive Officer Takahide Hirayama

Director and Senior Managing Executive Officer Masakuni Shinozaki
Director and Managing Executive Officer Takahiro Matsuda
Director and Managing Executive Officer Jyunya Wada
Director
Director

Yoon Ho, ShinHajime Nakano

Audit & Supervisory Board Member (Standing) Hitoshi Iyomoto
Audit & Supervisory Board Member
Audit & Supervisory Board Member

Arifumi Sunada

Takashi Harada

Aﬃliated Companies
Yamagata Meiko Electronics Co., Ltd.
Meiko Tech Co., Ltd.

Meiko Techno Co., Ltd.

Meiko Electronics (Guangzhou Nansha) Co., Ltd.

Meiko Electronics (Wuhan) Co., Ltd.

Meiko Elec. Hong Kong. Co., Ltd.
Meiko Electronics Vietnam Co., Ltd.
Meiko Electronics Thang Long Co., Ltd.
Meiko Electronics America, Inc.
Meiko Electronics Europe GmbH

Number of shares held
(thousands of shares)% of shares held

4,702

17.97

Japan Trustee Services Bank, Ltd.
(Trust Account)

1,769

6.76

733

2.80

GOLDMAN SACHS INTERNATIONAL

614

2.35

608

2.32

521

1.99

490

1.87

Haruyuki Naya

454

1.74

BBH BOSTON CUSTODIAN FOR JAPAN EQUITYPR EMIUM FUND OF CREDIT SUISSE UNIVER620373

449

1.72

445

1.70

Name of shareholder

Executives

Yuichiro Naya

The Master Trust Bank of Japan, Ltd. (Trust Account)
Meiko Kosan Co., Ltd.
Yuho, Ltd.
Trust & Custody Services Bank, Ltd. (Security Investment Trust Account)

Seiichi Naya*The Company owns treasury stock of 629,308 shares and is excluded from the above
principal shareholders. The percentages for the total number of issued shares havebeen calculated after excluding treasury stock(Class-A Preferred Stock)

Auxiliary electronics business
Auxiliary electronics business
Auxiliary electronics business
Auxiliary electronics business
Auxiliary electronics business
Auxiliary electronics business
Auxiliary electronics business
Auxiliary electronics business
Auxiliary electronics business
Auxiliary electronics business

Number of shares held % of shares held
(thousands of shares)

Name of shareholder

50

Chiiki Chukakukigyo Kasseika Fund

100.00*49 class-A preferred stocks were acquired and retired on April 2, 2018, and theremaining one class-A preferred stock is to be acquired and retired on June 26, 2018.

Shareholding Structure (Common Stock)
Individuals and others

55.61%

Financial institutions

19.22%

Foreign institutions and others

14.20%

Other institutions

5.94%

Financial instruments business operators

2.68%

Treasury stock

2.35%

MEIKO REPORT

10

Shareholders’ Information
Fiscal year

April 1 to March 31 of the following year

Annual shareholders’ June
meeting
Record dateYear-end dividends: March 31
Interim dividends: September 30
Transfer agent

Sumitomo Mitsui Trust Bank, Limited
1-4-1 Marunouchi, Chiyoda-ku, Tokyo,
100-8233 Japan

Transfer Office

Sumitomo Mitsui Trust Bank, Limited
Stock Transfer Agency Dept.
1-4-1 Marunouchi, Chiyoda-ku, Tokyo,
100-8233 Japan

Address forsending mails

Sumitomo Mitsui Trust Bank, Limited
Stock Transfer Agency Dept.
2-8-4 Izumi, Suginami-ku, Tokyo,
168-0063 Japan

Contact

Tel: +81-3-3323-7111

Stock exchange

JASDAQ (Standard), Tokyo Stock Exchange

Method ofpublic noticeElectronic public notice in our official page
Official Page:
http:www.meiko-elec.com/ir/pa.shtml
In the event of an accident or other unforeseen
events that prevent publication of the electronic
public notice, it will be published in The Nikkei.

Enquiries concerning shareholdings•Shareholders who need to update information onshareholdings, including change of address andmethod of receiving dividends, are advised to contact
the securities companies where securities accounts are
held.
•Shareholders who do not have accounts with securities
companies and need to process payments ofdividends are advised to contact Sumitomo Mitsui
Trust Bank, Limited, as stated to the left.

The Company’s
websiteTOP page
For our latest IR information, news releases, and other information including details on our products and CSR activities,
please visit the Company website. You can visit theCompany website to find other useful information as well.
MEIKO

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

Headquarters: 5-14-15 Ogami, Ayase, Kanagawa, 252-1104 Japan
Tel: 0467-76-6001 (main)
URL:
http://w w w .meiko-elec.com/
Notes on Forecasts
The information in this report contains future forecasts, such as the plans and business results of the Company.
These forecasts are based on information available at the time when these forecasts were made and certain
preconditions that the Company believes to be reasonable. Please note that actual business results may differ fromthe forecasts herein due to a variety of factors.