KYOTO, Japan -- Murata Manufacturing is scaling back its midterm target for operating profit margin as the Japanese electronic component maker focuses on market share due to intensifying price competition with Asian companies in its mainstay multilayer ceramic capacitors (MLCC).
The company's management plan through fiscal 2027, announced on Monday, set the target operating profit margin for the final year at 18% or more, down from 20% or more in the previous plan released three years ago.
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