FY2019 Q3 Financial Results Briefing Securities Identification - - PowerPoint PPT Presentation

（Securities Identification Code: 6787）

FY2019 Q3 Financial Results Briefing

This presentation contains forward-looking statements concerning Meiko Group’s future plans, strategies and performance. However, Meiko does not publish this presentation as a disclosure document based on the Financial 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 of risks and uncertainties that relate to raw material price, conditions of customers’ market, technological trends, change of foreign exchange , change of tax rules and regulations, disasters, international conflicts and

• ther factors. Meiko therefore wishes to caution that actual results may

differ materially from our expectations.

2

FY2018Q3 performance FY2019Q3 performance

Year-on-year

Increase %

N e t s a l e s

916 898

• 18
• 1.9%

Operating income

83 50

• 33 -39.9%

9.0% 5.5%

Ordinary income

83 49

• 34 -41.5%

9.1% 5.4%

Net income

68 40

• 28 -40.4%

7.4% 4.5%

Average Exchange rate （ Y e n / U S D ）

111.29 108.88

（100 million yen）

FY2019 Q3 Consolidated Business Performance

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223 234 252 250 255 277 280 274 303 315 298 273 292 299 307 9 17 15 16 15 24 19 17 25 32 26 7 17 17 16

10 20 30 40 100 200 300

16Q1 16Q2 16Q3 16Q4 17Q1 17Q2 17Q3 17Q4 18Q1 18Q2 18Q3 18Q4 19Q1 19Q2 19Q3

4.2% 7.4% 6.0% 6.5% 5.9% 8.5% 6.8% 6.2% 8.2% 10.1% 8.7% 2.5% 5.9% 5.7% 5.1%

Net sales, Operating income

Net Sales Operating income （100 million yen）

Net sales Operating income Operating Margin

4 FY2018 Q2 FY2019 Q2 Difference Sales

Operating i n c o m e

Sales

Operating i n c o m e

Sales

Operating i n c o m e

% % % %

Automotive

415

32

410

24

• 5
• 8

7.7% 5.9%

• 1.2%
• 25.0%

Smartphone

259

38

208

19

• 51
• 19

14.7% 9.1%

• 19.7%
• 50.0%

Others

242

13

280

7 38

• 6

5.4% 2.5% 15.7%

• 46.2%

Total

916

83

898

50

• 18
• 33

9.0% 5.5%

• 1.9%
• 39.9%

FY2019 Q3 Product Revenue

（100 million yen）

5

Analysis of operating income change FY2018 Q3➡FY2019 Q3

（100 million yen）

FY2018Q3 performance Exchange Rate 111.29円/us$ FY2019Q3 performance Exchange Rate 108.88円/us$

Sales SG&A Variable cost Exchange Rate Fixed cost

6 415 410 259 208 49 43 36 33 16 12 42 40 11 19 34 52 54 81

200 400 600 800

FY2018 Q3 FY2019 Q3

Automotive Smartphone Storage Office equipment Digital home appliance Industrial equipment Amusement IoT EMS

(1.7%) (45.6%) (23.2%) (1.3%) (3.7%) (2.1%) (45.4%) (28.3％) (5.3%) (3.9%) (4.6%) (4.8%)

898 916 FY2019 Q3 Sales Performance by Product Application

（100 million yen）

• 18

(-1.9%)

(4.5%) (1.2%)

＋38

(15.7%)

(5.8%) (3.7%) (5.9%) (9.0%)

• 51

(-19.7%)

• 5

(-1.2%)

7 58 52 230 204 168 170 381 366 13 12 12 13 54 81

200 400 600 800

FY2018 Q3 FY2019 Q3

Double-sided PCB Four-layer PCB Six layers or more HDI PCB High Dissipation PCB Flexible PCB EMS

(5.8%) (22.8%) (18.9%) (1.4%) (6.3%) (25.2%) (18.3%) (40.8%)

• 15

(-3.9%)

(9.0%) (41.6%) (1.3%) (5.9%)

FY2019 Q3 Sales Performance by Product Specification

（100 million yen）

+2

(1.2%)

898 916

(1.4%) (1.3%)

• 18

(-1.9%)

• 26

(-11.3%)

+27

(50.0%)