What are your plans for preventing PBR from falling below 1?
A.
Countermeasures for preventing the PBR from falling below 1 will be focused on recovering business performance. We believe that the fact that we revised our medium-term management plan in light of the most recent order situation was negatively evaluated. - Automotive field: We will receive orders for EV projects in Europe and the United States that are being developed globally. ã»Smartphones: The impact of sluggish demand is significant. Going forward, we will take on projects other than smartphones. - Semiconductor packages: Orders are delayed, but mass production is expected to begin next year. Through the above efforts, we believe that by increasing factory operation rates to nearly 100% and expanding profits, PBR will reach more than 1.
Q.
Please tell us about the impact of exchange rates.
A.
We had predicted a stronger yen in the first half of the year, but the yen is currently weaker. Currently, Meiko is experiencing positive sales and profits, but the outlook is difficult to predict. The yen is expected to appreciate next year, which will be a negative factor for our company, but we will counteract this by increasing orders.
Q.
When deciding on dividends, what is your thinking? Is it the dividend amount or the dividend payout ratio?
A.
We place importance on the dividend payout ratio, and have set the dividend payout ratio for each fiscal year and the five-year average at 15%.
Q.
Please tell us why Meiko Embedded raised 7 billion yen in funding.
A.
Modularization has become necessary for automotive development projects, and the funds were raised to fund this development.
Q.
Please tell us about your dialogue with the stock market.
A.
We will continue to hold financial results briefings, quarterly disclosures, and individual meetings with institutional investors.
