FY2020 Third QuarterFinancial Results Briefing

February 8, 2021

（Securities Identification Code: 6787）

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 other factors. Meiko therefore wishes to caution that actual results may differ materially from our expectations.

3

FY19 3rd

quarter results

FY20 3rd

quarter results

Year-on-year

Diff. %

Net sales 898 857 -41 -4.6%

Operating income

50 41 -9 -16.5%5.5% 4.8%

Ordinary income 49 19 -30 -61.1%5.4% 2.2%

Net income 40 13 -27 -68.6%4.5% 1.5%

Average FX rate (JPY/USD) 108.88 105.53

Third Quarter Results FY2020- Consolidated(100 million yen)

4

Quarterly Net Sales and Operating IncomeNet Sales Operating

incomeNet sales Operatingincome

OperatingMargin(Total)

(100 million yen)

255277 280 274

303315

298

273292 299 307

257243

289

325

15

24

19 17

25

32

26

7

17 17 16

2

5

13

23

0

10

20

30

40

0

100

200

300

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

5.9%

8.5%

6.8% 6.2%8.2%

10.1%

8.7%

2.5%

5.9% 5.7%5.1%

0.8% 2.0%

4.6%

7.2%

5

FY2019 FY2020 Difference

SalesOperatingi n c o m e

(%)Sales

Operatingi n c o m e

(%)Sales

Operatingi n c o m e

(%)

Automotive 410 24 368 21 -42 -35.9% 5.7% -10.2% -12.5%

SmartphoneTablet 208 19 206 14 -2 -5

9.1% 6.8% -1.0% -26.3%

IoT・AI・Amusement 70 7 77 5 7 -2

10.0% 6.5% 10.0% -28.6%

Other substrates(R & D expenses included) 149 1 120 2 -29 1

0.7% 1.7% -19.5% 100.0%

EMS 61 -1 86 -1 25 0-1.6% -1.2% 41.0% 0.0%

Total 898 50 857 41 -41 -95.5% 4.8% -4.6% -18.0%

Third Quarter Results FY2020 by Product Application(100 million yen)

6

Analysis of Operating Income Change FY2019 3rd quarter → FY2020 3rd quarter

Decrease in Sales

Increase in

variable cost

Decrease in fixed

cost

Decrease in sellingexpenses

Impact of FX rates

Operating IncomeFY2019 3rd quarter resultsFX rate 108.88yen/US$

Operating IncomeFY2020 3rd quarter resultsFX rate 105.53yen/US$

(100 million yen)

7

422 379

208 206

51 52

19 25

49 37

149 158

898 857

0

100

200

300

400

500

600

700

800

900

1000

FY2019 Q3 FY2020 Q3

Net Sales

Automotive Smartphone/Tablet AI/IoT Amusement Storage Other products

23 18

19 19

6

2

50

41

0

10

20

30

40

50

60

FY2019 Q3 FY2020 Q3

Operating Income

Quarterly Net Sales and Operating Income (PCB + EMS)(100 million yen)

8

410

368

208

206

51

52

19

25

43

30

33

21

12

9

61

60

61

86

0 200 400 600 800

FY2019

Q3

FY2020

Q3

Automotive Smartphones・Tablet IoT・AIAmusement Storage Office equipmentDigital home appliances Other substrates EMS

(4.8%)

(42.9%) (24.0%)

(3.5%)

(2.9%) (1.1%)

(45.6%) (23.2％)

(5.7%)

(2.1%)

(3.7%)

(6.1%)

857

898

Sales by Product Application

(2.5%)

(1.3%)

(7.0%)

(6.8%)

(6.8%)

(10.0%)

-41(-4.6%)

＋25(+41.0%)

-42(-10.2%)

-2(-1.0%)

-29(-19.5%)

＋7(+10.0%)

（100 million yen ）

9

51

37

204

159

170

160

366

365

11

11

13

19

22

20

61

86

0 200 400 600 800

FY2019

Q3

FY2020

Q3

Double-sided PCB Four-layer PCB Six layers or more HDI PCB

High Dissipation PCB Flexible PCB Other substrates EMS

(4.3%) (18.6%) (18.7%)

(2.3%)

(5.7%) (22.7%) (18.9%)

(42.6%) (2.2%)

(40.9%)

(2.4%)

(1.4%)

Sales by Product Specification

857

898(1.2%)

(1.3%)

-1(-0.3%)

＋25(+41.0%)

-10(-5.9%)

-45(-22.1%)

-41(-4.6%)

(6.8%)

(10.0%)

（100 million yen）