Meiko Electronics reports strong Q2, forecasts full-year growth

Meiko Electronics reported significant growth in the first half of fiscal year 2025, with net sales reaching 1,115 hundred million yen, an increase from 982 hundred million yen in the same period of fiscal year 2024. Operating profit also rose to 114 hundred million yen, up from 93 hundred million yen, achieving an operating profit margin of 10.2%. The company forecasts full-year net sales of 2,230 hundred million yen and an operating profit of 235 hundred million yen.

The company's electronic equipment business is expanding, with two new factories under construction: the Nanyo Plant No. 2, specializing in advanced semiconductor mounting, expected to operate in 2026, and the Haiduong Plant No. 2, an assembly and mounting area, slated for 2027. Meiko Electronics is also investing heavily in the high-multilayer substrate market, with a new joint venture in Vietnam focused on high-multilayer PCBs for AI servers and the expansion of its Vietnam Plant No. 4 and Hoabinh Plant No. 1 to meet increasing demand for HDI and memory module substrates.

New production facilities, including Hoabinh Plant No. 1 and a planned Quangminh Plant No. 3, are being developed to support the growing AI machine demand and enhance HDI capabilities, with investments of 500 hundred million yen and 400 hundred million yen, respectively. The Tendo Plant is also scheduled for full-scale mass production in the second half of this fiscal year, focusing on advanced build-up substrates and automation.