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Meiko Electronics Co., Ltd.

Meiko Electronics Co., Ltd.

6787.T
Meiko Electronics Co., Ltd.JP flagTokyo Stock Exchange
25,470.00
JPY
-1,100.00
- -
653.73BMarket Cap
Meiko Electronics Co., Ltd.
6787.T
(Tokyo Stock Exchange)

Recent

price

25,470.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
4,015.81
3,354.19
3,233.66
3,808.03
3,472.71
3,640.51
3,664.35
4,146.94
4,543.06
4,411.99
4,556.77
5,868.36
6,523.44
6,802.27
8,059.51
9,374.71
3,635.29
Revenue per Share
-166.28
61.68
-83.47
1.11
-365.74
-429.81
67.51
167.07
257.62
98.8
177.29
444.21
345.02
428.7
581.61
770.87
237.32
Basic EPS, GAAP
-452.29
-70.84
-116.06
-115.25
-151.91
286.2
317.15
75.23
-128.52
-95.9
-80.35
77.7
-132.24
63.64
-113.72
-875.96
- -
Free Cash Flow per Basic Share
21.77
0.05
5.01
4.52
4.97
- -
6.69
33.43
24.95
34.96
15.02
40.27
52.26
65.57
94.31
106.46
- -
Dividend per Share
1,338.33
1,388.19
1,298.17
1,280.57
647.21
199.78
566.21
698.71
931.34
995.15
1,166.77
1,588.52
1,889.69
2,199.75
2,748.92
3,413.06
2,461.84
Book Value per Share
1,739.68
1,834.28
1,931.23
2,126.81
1,464.31
1,090.81
1,081.95
1,254.3
1,272.91
1,209.33
1,516.2
2,239.5
3,021.34
3,754.02
4,283.3
5,407.84
3,827.11
Tangible Book Value per Share
19
19
19
21
26
26
26
26
26
26
26
26
26
26
26
26
26
Basic Weighted Avg Shares
74,724
62,972
60,709
79,231
90,895
95,287
95,911
108,542
118,910
115,479
119,257
151,275
167,276
179,458
206,806
240,574
93,242
Sales/Revenue/Turnover
4.41
1.29
-1
1.16
-3.15
3.49
6.03
6.87
7.51
4.49
5.58
8.76
5.72
6.5
9.23
10.21
8
Operating Margin (%)
6,533
6,423
6,282
6,181
7,185
6,471
5,508
5,816
6,281
6,587
7,448
7,994
9,795
11,215
12,541
13,742
- -
Depreciation Expense
-3,094
1,158
-1,567
23
-9,573
-11,250
1,767
4,373
6,743
2,586
4,640
11,451
8,847
11,310
14,924
19,782
6,087
Net Income, GAAP
- -
- -
- -
98.98
- -
- -
34.46
10.26
14.23
21.96
8.34
9.32
17.68
17.72
18.59
27.21
13.48
Effective Tax Rate (%)
-4.14
1.84
-2.58
0.03
-10.53
-11.81
1.84
4.03
5.67
2.24
3.89
7.57
5.29
6.3
7.22
8.22
6.53
Profit Margin (%)
2,264
1,828
-5,076
5,830
4,428
13,339
9,396
7,445
8,089
7,652
7,156
5,340
18,233
21,125
13,855
14,234
-20
Working Capital
23,943
26,749
22,557
29,215
33,017
34,393
26,374
25,119
35,876
41,412
38,829
32,658
38,734
37,412
35,234
58,020
16,150
LT Debt
32,979
35,026
36,725
44,705
38,620
28,763
28,538
33,040
33,586
32,480
40,608
58,684
84,473
105,457
115,605
143,805
104,169
Total Equity
- -
- -
- -
0.01
- -
- -
4.48
8.15
8.72
4.21
5.84
10.19
5.47
5.53
7.97
7.54
3.42
Return on Invested Capital (%)
- -
- -
- -
0.04
- -
- -
3.99
8.01
9.82
3.59
5.44
11.63
8.13
8.77
10.21
10.99
4.27
Return on Capital (%)
-11.61
4.54
-6.21
0.09
-43.93
-101.49
17.63
26.42
31.61
10.26
16.4
32.04
19.79
21.24
23.22
25.02
10.5
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
41,852
- -
73,581
LT Borrowings
37,250
- -
16,150
LT Finance Leases
162
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
26
- -
26
Market Capitalization
138,993
183,904
158,255

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
102,839
- -
114,481
Cash, Cash Equivalents & STI
21,602
- -
28,168
Accounts Receivable, Net
37,787
- -
40,631
Inventories
35,593
- -
38,073
Total Current Liabilities
81,714
- -
114,501
Payables & Accruals
- -
- -
- -
ST Debt
41,852
- -
73,581
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.57%
29.46%
24.39%
Free Cash Flow
-59.54%
-43.5%
670.36%
Net Income, GAAP
32.01%
43.28%
32.55%
Sales/Revenue/Turnover
10%
15.26%
16.33%
Total Cash Common Dividend
- -
55.02%
12.89%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
41,588
44,628
47,318
45,924
179,458
2025
- -
- -
- -
- -
206,806
2026
- -
- -
- -
- -
240,574

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
88.21
- -
- -
- -
428.7
2025
- -
- -
- -
- -
581.61
2026
- -
- -
- -
- -
770.87

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
65.57
2025
- -
- -
- -
- -
94.31
2026
- -
- -
- -
- -
106.46
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Business
Meiko Electronics Co., Ltd. manufactures and sells printed circuit boards and provides related electronic services. The company produces double-sided and multi-layer through-hole printed circuit boards (PCBs), high-density interconnect (HDI) PCBs, flexible printed circuit (FPC) boards, rigid-flex PCBs, high electric current PCBs, heat dissipation PCBs, embedded device PCBs, semiconductor package substrates, millimeter wave radar PCBs, metal base heat dissipation PCBs, copper inlay PCBs, any layer PCBs, mega thru hole substrates, liquid loop heat dissipation substrates, and FR4-FLEX/M-VIA Flex boards; it also offers solder stencils, PCB testers, imaging devices and systems, circuit design services, electronic manufacturing services (EMS) including component mounting and assembly, mounting jigs, metal masks, measurement substrate manufacturing and characteristic evaluation, package and board level co-design verification, high frequency measurement and simulation, one-stop services, video related equipment such as multi-vision systems, and mechatronics development and manufacturing. Meiko Electronics serves industries including automotive, telecommunications, industrial equipment, medical devices, consumer electronics, amusement, home appliances, smartphones, automated driving systems, solar power generation, AI servers, 5G infrastructure, advanced driver-assistance systems (ADAS), and the Internet of Things (IoT). Founded on November 25, 1975, and headquartered in Ayase-shi, Kanagawa, Japan, the company operates manufacturing facilities in Japan (Kanagawa, Fukushima, Yamagata, Miyagi), China (Guangzhou, Wuhan), Vietnam (multiple plants including Hoa Binh, Thang Long, Hai Duong), sales offices across Japan, China, Hong Kong, the United States, Europe, Thailand, Korea, and India, and maintains subsidiaries such as Yamagata Meiko Electronics Co., Ltd., Meiko Electronics (Vietnam) Co., Ltd., Meiko Electronics Hoa Binh Co., Ltd., Meiko Tech Co., Ltd., Meiko Electronic Development Co., Ltd., and Meiko Electronic Manufacturing Co., Ltd. Recent developments include the completion of Vietnam Plant #4 in April 2025 and the Hoa Binh Plant in July 2025 to expand PCB production capacity; an additional $15 million capital contribution to Meiko Electronics Hoa Binh Co., Ltd. in June 2024 to accelerate its Vietnam project; a September 2025 business alliance with Allied Circuit Co., Ltd. to enter the high-layer PCB market including AI servers, culminating in the establishment of joint venture Allied Circuit Meiko Vietnam Co., Ltd. in Phu Tho Province, Vietnam, with $16 million capital for high-layer PCB manufacturing and sales; a January 2024 equity funding round for Meiko Electronics Hoa Binh Co., Ltd.; name changes in April 2024 for Meiko Embedded Products Co., Ltd. to Meiko Electronic Development Co., Ltd. and related entities; and the holding of a 50th anniversary commemorative ceremony in November 2024.