38th

MEIKO REPORT(April 1, 2012 to March 31, 2013)

CONTENTS
Explanation of Financial Results

P01

Interview with the President

P03

Corporate Data

P05

MEIKO NEWS

Back Cover

Securities code: 6787

Explanation of Consolidated Financial Results for FY2012

Key Points

Sales Composition by PCB(Printed Circuit Board) Type

3.	D ecrease in orders due to consumer
boycotts and higher labor costs in China

Looking at sales composition by PCB
type, sales were strong for PCBs forautomobiles and for smartphones andother forms of communication. Yearon-year sales composition ratios rosefrom 39% to 46% and 10% to 14%,respectively, compared to the previous
fiscal year. However, the market for
PCBs for flat-screen TVs shrank more
quickly than expected, resulting in theratio falling from 13% to 6%.
With regard to sales composition
by product, HDI PCBs saw anincrease, mainly due to growth insales of PCBs for communication.

Net sales / operating income / net income (loss)

Net sales

Positive Factor

1.	Increase in production of HDI PCBs for
smartphones in Asia
Negative Factors

1.	Slowdown in order volume of HDI PCBs
for smartphones in the United States
2.	Larger-than-expected shrinkage of theJapanese TV market

01

MEIKO REPORT

60,709(100 million yen)800

Automobiles

FY201139%

FY2012
46%

Non-PCB 7%

Communication

10%

14%

Others 3%

PC and HDD

9%8%

DSC and AV 4%

Office equipment

7%

7%

13%

6%

Amusement

Flat-screen TVs
Amusement

3%

5%

DSC and AV

5%

4%

Others2%

3%

Non-PCB

12%7%

FY201138%

FY201236%

HDI PCB

17%

24%

Six-layer or more PCB

16%

18%

Double-sided PCB

14%

11%

FPC and F/R

1%

2%

Heat Dissipation PCB

2%

2%

Others12%

7%

Full-year

million yen(forecast)

600
400
200
0
March March March March March2010 2011 2012 2013 2014

Automobiles 46%
60,709million yen

5%Flat-screen TVs 6%
Office equipment 7%

Communication 14%

PC and HDD 8%

By PCB type
Four-layer PCB

Others 7%
Four-layer PCB 36%

Heat Dissipation PCB 2%
FPC and F/R 2%

60,709million yen

Double-sided PCB 11%
Six-layer or more PCB 18%

HDI PCB 24%

Operating income /Operating margin
Interim

We have held on to our existing customers whilefinding new ones overseas through our 2nd
Factory of the Wuhan Plant in China. We havealso been working on upgrading the equipmentin the Vietnam Plant, our production base for
PCBs for smartphones. However, we posted
lower net sales and income compared to theprevious fiscal year due to stagnation in theelectronics industry and delays in orders of
PCBs for smartphones. Other factors werehigher wages, pushing up labor costs in China.

By application(605)(100 million yen)

40

Interim

Net income (loss) /Net margin
Full-year
Full-year

million yen(%)(forecast) 8

30

6

20

4

10

2

0

0

-10

-2
March March March March March2010 2011 2012 2013 2014

(1,567)

Interim

Full-year
Full-year

million yen(100 million yen)

(%)

20

5

(forecast)

0

0

-20

-5

-40
March March March March March2010 2011 2012 2013 2014

Assets

Liabilities and net assets

Cash flows(100 million yen)(100 million yen)(100 million yen)

Total assets

911

Cash and deposits
39
Notes and accounts
receivable-trade
126
Inventories
90
Property, plantand equipment564

Notes and accounts
payable-trade62
Short-term loans payable
30
Current portion of
long-term loans payable
103

1,020

Total assets

Current
assetsCurrent
assets351

284

Noncurrent
assetsNoncurrent
assets669

626

Cash and deposits
90
Notes and accounts
receivable-trade
121
Inventories
104

Long-term loans payable267
Long-term accounts payable
9

Property, plantand equipment
617

Total liabilities
and net assets

911

Current
liabilities

266

Noncurrent
liabilities

Retained earnings
155
Foreign currencytranslation adjustment
△28

294

Net
assets350

Total liabilities
and net assets

1,020

Current
liabilities

401

Noncurrent
liabilities

251

Net
assets367

Notes and accounts
payable-trade72
Short-term loans payable
139
Current portion of
long-term loans payable
131

38th fiscal term

37th fiscal term

38th fiscal term

(As of March 31, 2013)(As of March 31, 2012)(As of March 31, 2013)

102,045(100 million yen)million yen

Cash and cash equivalents
at beginning of year

million yen

(yen)

1,200

400

200

900

300

100

(83.52)
Interim

4

6

87Cash and cash equivalents
at end of year

Main changes: For the fiscal year ended March 31, 2013, cash
and cash equivalents rose by 5,036 million yen compared to theprevious consolidated fiscal year to 8,788 million yen.

Net income (loss) per share

36,726(100 million yen)

Increase in cash and cash
equivalents due to merger
with an unconsolidated subsidiary

Effect of exchange
rate change on
cash and cash
equivalents

37

Main changes: Looking at liabilities, with respect to current liabilities, notes and accounts
payable-trade increased by 945 million yen, short-term loans payable increased by 10,873
million yen, while current portion of long-term loans payable increased by 2,739 million yen. With
respect to noncurrent liabilities, long-term loans payable fell by 4,192 million yen and long-term
accounts payable fell by 397 million yen. In terms of net assets, retained earnings fell by 1,690
million yen, and foreign currency translation adjustment increased by 3,442 million yen.

Net assets

Total assets

35 △50 53

Retained earnings
138
Foreign currencytranslation adjustment
6

37th fiscal term

Net cash provided
by financing activities

Net cash provided
by operating activities

Long-term loans payable
225
Long-term accounts payable5(As of March 31, 2012)

Main changes: With respect to current assets, cash and deposits
increased by 5,036 million yen, notes and accounts receivable-tradefell by 505 million yen, and inventories increased by 1,416 million yen.
With respect to noncurrent assets, property, plant and equipment
increased by 5,344 million yen.

Net cash used
in investing activities

Dividend per share0yen

Full-year

(yen)

20

Interimyen

Full-year

15(forecast)

600

200

0

10

300

100

-100

5

0

-200

0

March
2010

March
2011

March
2012

March
2013

March
2010

March
2011

March
2012

March
2013

0

March March March March March2010 2011 2012 2013 2014

No interim andend-of-the-year
dividends were paid forthe fiscal year ended
March 31, 2013.

(TBD)

March March March March March2010 2011 2012 2013 2014

MEIKO REPORT

02

Interview with the President

Meiko Group Business Principles
Provide the best quality
and service to customers
and contribute tobetterment of society.

Strive to create“the best”.

Elevate our corporate value toimprove the well-being of
our employees and society.

economic instability at home and abroad, a clear view of the road headremains elusive.
In the automobile industry, a major source of business for the
Meiko Group, we continue to enjoy strong growth backed by a global
recovery in demand for automobiles and increased interest in eco-cars.
At the same time, the situation remains grim for the electronics industry
due to decreased demand for computer-related devices and a weakened television business for Japanese companies as a result of heated-up global competition. Against this backdrop, the Meiko Group has
held on to its existing customers while finding new ones overseas

Please describe the business environmentand operating results for the fiscal year
ended March 31, 2013.
I would like to express my sincere gratitude
to all shareholders and investors for your outstanding support of our business.
I would like to take the opportunity offeredby our MEIKO REPORT for the 38th fiscal term
(ended March 31, 2013) to explain the businessthrough our 2nd Factory of the Wuhan Plant in China, a production
center of advanced PCBs. We have also been working to upgrade theequipment in the Vietnam Plant, which has just begun full-scale pro-

There is hope for economic recovery,
although conditions remain uncertain.

duction of PCBs for mobile phones and smartphones. In terms of busi-

Looking at the global economy for the fiscal year ended March 31, 2013, thethe stagnation in the electronics industry, along with delays in orders offiscal crisis in Europe remains fundamentally unresolved and stagnation stub-

PCBs for smartphones, have combined with increased wages, whichbornly persists. The United States has seen gradual recovery in production

have pushed up labor costs in China, to result in lower net sales andand employment, although the outlook remains clouded due to such factors

income compared to the previous fiscal year. As a result of all this, withness results, however, a fall in orders for automobile-related PCBs andas sluggish wage growth and prolonged high unemployment. Even economic

respect to the consolidated business results for the fiscal year ended

conditions for the fiscal year ended March 31,

growth in China and other Asian countries is slowing in response to slacken-

March 31, 2013, net sales were 60,709 million yen (a 3.6% decline over2013 and our future business strategy in an in-ing exports and stagnant capital investment. In Japan, even though the world

the previous fiscal year), operating loss was 605 million yen (compared

terview format.

economic slowdown weighed heavily on the economy during the first half, a

to an 812 million yen operating income for the previous fiscal year), or-

new ruling administration has brought hope in the form of a range of mea-

dinary loss was 386 million yen (compared to a 222 million yen ordinarysures to get the economy back on track, resulting in a yen depreciation andincome for the previous fiscal year), and net loss was 1,567 million yen

an upturn in the stock market in the second half. However, with continuing(compared to 1,158 million yen net income for the previous fiscal year).

President & CEO

03

MEIKO REPORT

Yuichiro Naya

What are your plans for future businessexpansion overseas?

step will be to turn the plant into a major production facility that manufactures

advanced level of our materials and elemental technologies. We

various PCBs for automobiles as well as for smartphones in the Asian and Eu-

are focused on our research so that we can improve our compa-

We will increase our production of PCBs for
smartphones in Wuhan and turn our Vietnam
Plant into a major production facility.

ropean markets.

ny-wide technological expertise for the future.

With respect to overseas production bases, we will begin manufacturing PCBs for automobiles at our 1st Factory of the Wuhan Plant in China, in addition to the Guangzhou Plant in China, to service demand in
the automobile market, for which robust growth is expected, while atthe same time gaining more clients among overseas automobile-manufacturers. Meanwhile, we will be upgrading our production systems in
expectation of increased demand for PCB components, as the market
for smartphones is expected to expand with further evolution. Our 2nd
Factory of the Wuhan Plant in China has been producing PCBs for
smartphones primarily to customers in the United States, but it will now
be placing a much stronger focus on customers in China and other developing nations. Concerning our Vietnam Plant, which has now moved
into full-scale operation, it is currently supplying HDI PCBs mainly tocustomers with smartphone production facilities in Vietnam. The next
Consolidated Forecast for the Next YearNet sales
Operating income
Ordinary income
Net income

77,000 million yen
3,700 million yen
2,700 million yen
1,000 million yen

Please describe the domestic production
systems.

* The name was changed from Miyagi Factory in May 2013.

Please share a word with theshareholders and investors.

We have just resumed operations after two
years at the newly renovated Ishinomaki
Factory, where we make cutting-edge PCBs.
With regard to our domestic production systems, we will accelerate our efforts

We are committed to expanding
internal reserves and returning
profits to our shareholders.

to win new business and the release of our high added-value PCBs into the

Meiko sees the return of profits to our shareholders as a crucial

market. We resumed operations in May this year at our Ishinomaki Factory,*

management issue. We are comprehensively taking matters, in-which was damaged by the Great East Japan Earthquake. This strategic pro-cluding business results, into consideration for profit-sharing as

duction facility combines the functions of a pilot plant for making Flexible

we work to maintain stable dividends. In order to secure profits for

PCBs and Heavy Copper PCBs, utilizing new techniques and cutting-edge

shareholders into the future, we are making it a basic policy to al-technologies with mass-production functions, and with the focus on develop-

locate internal reserves into investments to further strengthen anding prototypes for Embedded Devices PCBs and Module PCBs. At our

improve our business base, and to use them to further expand ourFukushima Factory, which is a mass-production facility that concentrates on

business.

PCBs for office equipment and amusement, we will be watching market con-

Regarding dividends from surplus for the fiscal year ended

ditions to determine the right timing for restoring the production capacity ofMarch 31, 2013, based on monitoring such factors as consolidat-

the facility to the level it was prior to the earthquake. About 90% of production

ed business results, we deeply regret that we will not be issuing

at our Yamagata Factory is for high-reliability PCBs for automobiles. Our

dividends. We thank for your understanding. We appreciate the

Kanagawa Factory manufactures a variety of products in small quantities,

support of all stakeholders including shareholders and investors

from high-end products such as AnyLayer PCBs and Embedded Devices

amidst the increasingly severe business climate and are dedicated

PCBs to middle- and low-end products such as Through-Hole PCBs.

to doing our utmost to meet your expectations and to increase

At our Research and Development Center in Kanagawa, we have achieved
outstanding reliability, quality, cost, and production technologies thanks to thebusiness results and corporate value. We look forward to yourcontinuing support in the future.
MEIKO REPORT

04

Corporate Data (As of March 31, 2013)
Corporate Profile

Base List

Name

Meiko Electronics Co., Ltd.

PlantsEstablished

November 25, 1975

Kanagawa Factory

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

Headquarters

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

Fukushima Factory

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

Ishinomaki Factory

8-5, Shigeyoshi-cho, Ishnomaki, Miyagi 986-0844, Japan

Capital10,545 million yen

Yamagata Factory

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

No. of Employees

9,966 (consolidated)(Japan: 807)
(Overseas: 9,159)

MEIKO Research and Development Center

3-35-6, Sugikubo-minami, Ebina, Kanagawa 243-0414, Japan

Yamato Technology Center

1-2-1, Shibuya, Yamato, Kanagawa 242-0023, Japan

Guangzhou Plant in China

No.2 Guangsheng Road, Western Industrial District, Nansha Economic and Technological Development Zone,
Guangzhou, Guangdong Province, P. R. China

Wuhan Plant in China

No.9 Shenlong Road, Wuhan Economic and Technological Development Zone, Hubei Province, P. R. China

Vietnam Plant

Lot LD4,Thach That -Quoc Oai Industrial Zone., Hanoi, Vietnam

Outline of Business Design, manufacturing, and sales of PCBs
Development, manufacturing, and sales ofelectronic equipment

Executives

(As of June 26, 2013)

Sales Bases

President & CEO

Yuichiro Naya

1st PCB Sales Dept.

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

Director and Senior Managing Executive Officer

Seiichi Naya

2nd PCB Sales Dept.

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

Director and Senior Managing Executive Officer

Takahide Hirayama

3rd PCB Sales Dept.

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

Director and Senior Managing Executive Officer

Masakuni Shinozaki

EMS Dept.

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

Director and Managing Executive Officer

Tetsuro Suzuki

International Sales Dept.

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

Haruyuki Naya

Nagoya Sales Office

Sanko Marunouchi Bldg. 6F, 3-18-1, Marunouchi, Naka-ku, Nagoya, Aichi 460-0002, Japan

Director

Kunihiko Sato

Osaka Sales Office

Shin-Osaka Doi Bldg. 10F, 7-5-25, Nishinakajima, Yodogawa-ku, Osaka, Osaka 532-0011, Japan

Audit & Supervisory Board Member

Hitoshi Iyomoto

Omiya Sales Office

OZ Bldg. 2F, 1-124-2, Naka-cho, Omiya-ku, Saitama, Saitama 330-0845, Japan

Audit & Supervisory Board Member

Hiroshi Tsukii

Audit & Supervisory Board Member

Yasunobu Koshimura

Director

Ebina Office1012, Kamigo, Ebina, Kanagawa 243-0434, Japan

Sales Headquarters (Guangzhou, China)

No.2 Guangsheng Road, Western Industrial District, Nansha Economic and Technological Development Zone,
Guangzhou, Guangdong Province, P. R. China

International Sales Dept. (Guangzhou, China)

No.2 Guangsheng Road, Western Industrial District, Nansha Economic and Technological Development Zone,
Guangzhou, Guangdong Province, P. R. China

Asia Sales Dept. (Guangzhou, China)

No.2 Guangsheng Road, Western Industrial District, Nansha Economic and Technological Development Zone,
Guangzhou, Guangdong Province, P. R. China

Shanghai Sales Office

Hua Ning international Plaza , South Building 22F, 2201 Xuan Hua Road #300, ChangNing Area, Shanghai, P.R. China

Tianjin Sales Office

Room 3502, Golden Crown Bldg., No.20 Nanjing Road, Hexi District, Tianjin, P.R. China

Affiliated Companies
Yamagata Meiko Electronics Co., Ltd. Manufacturing of PCBs
M.D. Systems Co., Ltd.
Design of PCBs
Meiko Tech Co., Ltd.
Sales of PCBs
Manufacturing and sales of video
device and industrial device
Meiko Electronics (Guangzhou Nansha) Co., Ltd. Manufacturing of PCBs
Meiko Electronics (Wuhan) Co., Ltd. Manufacturing of PCBs
Meiko Elec. Hong Kong. Co., Ltd. Sales of PCBs
Meiko Electronics Vietnam Co., Ltd. Manufacturing of PCBs and EMSMDS Circuit Technology, Inc.
Design of PCBs
Meiko Electronics America, Inc. Sales of PCBs
Meiko Electronics Europe GmbH Sales of PCBs05

MEIKO REPORT

Taiwan Branch

8F-3, No.15 Jin-Guo Road, Tayuan, Taiwan

Meiko Elec. Hong Kong. Co., Ltd.

Unit 2107A, Tower II, Metroplaza, 223 Hing Fong Road, Kwai Chung N. T. Hong Kong

Meiko Electronics America, Inc.

5050 El Camino Real Suite 108, Los Altos, CA 94022, U.S.A.

Meiko Electronics Europe GmbH

Frankfurter Ring 193a 80807 München, Germany

Meiko Tech Osaka Head Office

Shin-Osaka Doi Bldg. 2F, 7-5-25, Nishinakajima, Yodogawa-ku, Osaka, Osaka 532-0011, Japan

Meiko Tech Yokohama Branch Office

Shin-Yokohama AK Bldg. 7F, 3-23-3, Shin-yokohama, Kohoku-ku, Yokohama, Kanagawa
222-0033, Japan

Stock Information

Shareholders’ Information
63,200,000 shares

Number of Shares Authorized
Number of Shares Issued

18,774,076 shares(excluding 629,244 shares of treasury stock)

Number of Shareholders

5,976

Principal Shareholdersof total
Number of shares held Percentage(thousands of shares) number of sharesissued (%)

Name of shareholder

4,697

25.0

PLEASANT VALLEY

631

3.4

Meiko Kosan Co., Ltd.

608

3.2

Japan Trustee Services Bank, Ltd.
(trust account)

552

2.9

Yuho, Ltd.

521

2.8

THE CHASE MANHATTAN BANK, N.A. LONDONSECS LENDING OMNIBUS ACCOUNT

519

2.8

Haruyuki Naya

488

Seiichi NayaYuichiro Naya

Fiscal year

April 1 to March 31 of the following year

Annual Shareholders’Meeting

June

Record dateEnd-of-the-year dividends: March 31
Interim dividends: September 30

Method of public notice Electronic public notice.
In the event of accidents or other unforeseen
events that prevent publication of the electronic
public notice, it will be published in The Nikkei.
Official page:
http://www.meiko-elec.com/ir/pa.shtml
JASDAQ (Standard), Osaka Securities Exchange

Stock exchange

2.6

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

439

2.3

(Mailing address)

HILLCREST, L. P.

379

2.0

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

Sumitomo Mitsui Banking Corporation

377

2.0

Distribution of Ownership among Shareholders
Individuals and others

57.1%

Financial institutions

15.4%

Foreign institutions and others

14.6%

Other institutions

8.1%

Treasury stock

3.2%

Financial instruments
business operators

1.6%

Top page

Administrator of shareholders 1-4-1, Marunouchi, Chiyoda-ku, Tokyo, Japan
register and special account Sumitomo Mitsui Trust Bank, Limited
management institution
Handling office ofadministrator ofshareholders register*	The Company owns 629,244 shares of treasury stock, which is excluded
from the above list of principal shareholders.
The percentages of total number of shares issued have been calculated
after excluding treasury stock.

Introduction of Meiko Website(Inquiries by telephone)(URL)

CSR Report

0120-782-031

http://www.smtb.jp /personal/agency/index.html[Notices and inquiries concerning shareholdings]
Shareholders with securities company accounts are advised tocontact the securities company that manages their accounts
with regard to notices such as a change of address or inquiries
concerning their shareholdings.
Shareholders who do not hold accounts with a securities
company are advised to contact the above telephone number
for inquiries.

Introduction of our products(A Lot of MEIKO around You)For our latest IR news releases and other information,
including details on our products and CSR activities,
please visit the Company website.
You can visit the Company website to find otheruseful information as well.
Meiko

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

MEIKO REPORT

06

Bringing You Today’s Meiko

NEWS
Operations Resume
at the Ishinomaki Factory

TOPICS Restoration work has been completed on the
Miyagi Factory, which had been shut down by thetsunami that accompanied the Great East Japan
Earthquake. Its name has been changed to the Ishinomaki Factoryand operations resumed on May 20, 2013.
This state-of-the-art factory is a pilot plant for the production of new
PCBs made possible by innovative production techniques. Productionof prototypes and mass manufacturing of advanced PCBs that include
Thin Module PCBs and Embedded Devices PCBs will take place there.
The factory has resumed operations with approximately 30 personnel,
but this number will be increased as we add more equipment in linewith future demand and business conditions.
There are now seven factories in the Meiko Group. They are locatedin Japan and overseas, in China, Vietnam and other countries. The
Ishinomaki Factory, as a highly
advanced production facility
focused on global-standard
products, will be seeing further
improvement of its development
and production systems.
Ishinomaki Factory Overview
Concept
Start of Operations
No. of Employees
PCB Type

A pilot plant equipped with new technologies and production basefor advanced PCBs
December 2004 (resumed in May 2013)
30 at start (390 before the earthquake)
The number will be increased according to the business condition.
Flexible PCBs and Heavy Copper PCBs utilizing new production
techniques, Module PCBs and Embedded Devices PCBs

M e ik o ’s CS R

Meiko recognizes that CSR is central to every aspect of our business activity and carries
out its duties at the local level with the aim of establishing trust in the company.

Environmental Assessments of Overseas Factories
M eiko’s Environm ental A ssessm ents
In our efforts related to environmental assessments, our basic policy is to predict the impact on the surrounding environment of such factors as exhaust,
wastewater, noise, and waste material generated during factory operation, and we construct environmentally friendly facilities and employ the propermeans of dealing with above factors. These efforts are aimed at creating a society where the natural environment is in harmony with human endeavors.
To minimize environmental risks, we manage the concentration and volume of pollutants in air and water, sound levels, and other elements that affectthe surrounding environment, by employing strict internal standards that are several levels beyond the required public standards. At our factories
overseas, assessments of environmental impact are particularly rigorous for our plating process, which uses large amounts of energy and chemicals.

Initiatives at Meiko Electronics (Wuhan) Co., Ltd.

Meiko Electronics (Wuhan) Co., Ltd.

At Meiko Electronics (Wuhan) Co., Ltd. (the “Wuhan
Plant”), our environmental assessment was certified by
the Wuhan Environmental Protection Bureau for our 1st
Factory in January 2007 and our 2nd Factory inDecember 2011.
The Wuhan Plant has also hermetically reduced CO2
emissions through the more efficient use of equipment,
and it has conserved even more energy in its efforts top re v e n t g l o b a l w a r m i n g . T h e c o m p a n y w a sconsequently selected as the only corporate model forenergy conservation in Wuhan City by the Hubei
National Development and Reform Commission in
December 2012. This was followed by being selected
as a Hubei environmental protection monitoring modelcompany withthe deploymentof an online
monitoring
system forpreventing
wastewaterpollution in
Online Wastewater
Measurement Room
March 2013.

From cutting-edge HDI PCBs that include
AnyLayer PCBs for smartphones to high- reliability
PCBs for mounting in automobiles, this strategic
plant carries out production in step with market
changes.

Start of Operations: 2006

JA PA NC H INA

Wuhan

Guangzhou
Hanoi

V I ETNA M

Meiko Electronics(Guangzhou Nansha)
Co., Ltd.
Start of Operations: 2001
M e i k o ’s f i r s t o v e r s e a s
production facility. This plant
handles a wide range of highend products that include
PCBs for automobiles andother HDI PCBs.

Meiko Electronics Vietnam Co., Ltd.
Start of Operations: 2011 (EMS began in 2009)
Our third-largest overseas production facility.
Focused on HDI PCBs for mobile phones, thisplant will ultimately be the Group’s largest andmost advanced production facility.

Notes on Forecasts
Headquarters

URL:

5-14-15, Ogami, Ayase,
Kanagawa 252-1104, Japan
Tel: 0467(76)6001 (switchboard)
http: //w w w. me iko-e le c.c om/

The information in this report contains future forecasts, such as plans and business results of theCompany. 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 notethat actual business results may differ from the forecasts herein due to a variety of factors.

This pamphlet was made using environmentally friendly vegetableoil-based inks and FSC® certified paper.