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Consumer Durables

Murakami Corp.

Business Summary

Murakami Corp. engages in the manufacture and sale of mirrors. It operates through the following business divisions: Mirror Systems and Opt-Electronics. The Mirror Systems division provides the sale of automobile rear-view mirrors which includes hydrophilic clear, aspheric, electro-chromic, blind spot indicator mirrors, actuators, and power fold units. The Opt-Electronics division provides video equipment, office automation equipment, automotive components and optical filter products. The company was founded in October 1882 and is headquartered in Shizuoka, Japan.

Financial Highlights

Mar 2021 JPYUSD
Revenue74,147M699.12M
Gross Profit11,347M106.98M
Operating income5,111M48.19M
Income before tax5,850M55.15M
Net income3,700M34.88M
EBITDA9,218M86.91M
Diluted EPS290.902.74
Dividends Per Share500.47
Total Assets84,874M768.09M
Total liabilities17,377M157.25M
Total equity64,997M588.20M
Operating cash flow8,385M79.06M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 69,906M 72,229M 73,732M 77,668M 74,147M
Gross Profit 12,928M 13,521M 13,794M 13,630M 11,347M
Operating income 7,262M 7,735M 7,149M 7,027M 5,111M
Income before tax 7,404M 8,539M 7,378M 7,643M 5,850M
Net income 5,021M 5,262M 4,860M 4,961M 3,700M
EBITDA 10,338M 10,942M 10,470M 10,861M 9,218M
Diluted EPS 389.41 408.82 377.64 388.46 290.90
Dividends Per Share 32 36 44 48 50
Total Assets 70,325M 75,378M 78,298M 81,347M 84,874M
Total liabilities 17,057M 16,831M 17,125M 16,156M 17,377M
Total equity 50,412M 55,666M 58,414M 62,581M 64,997M
Operating cash flow 9,118M 8,921M 8,844M 7,689M 8,385M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 645.55M 651.69M 664.88M 714.34M 699.12M
Gross Profit 119.38M 121.99M 124.38M 125.36M 106.98M
Operating income 67.06M 69.79M 64.46M 64.63M 48.19M
Income before tax 68.37M 77.04M 66.53M 70.29M 55.15M
Net income 46.36M 47.47M 43.82M 45.62M 34.88M
EBITDA 95.46M 98.72M 94.41M 99.89M 86.91M
Diluted EPS 3.59 3.68 3.40 3.57 2.74
Dividends Per Share 0.29 0.32 0.39 0.44 0.47
Total Assets 631.11M 708.77M 707.39M 753.52M 768.09M
Total liabilities 153.07M 158.26M 154.71M 149.65M 157.25M
Total equity 452.40M 523.42M 527.74M 579.69M 588.20M
Operating cash flow 84.20M 80.49M 79.75M 70.71M 79.06M

Valuation Measures

Mar 2021
PER11.01
ROA4.45%
ROE5.80%
Operating margin6.89%
Profit margin4.99%

Key executives

  • President & Representative Director: Taro Murakami
  • Executive Officer: Tadashi Masuda
  • Director & General Manager-Administration: Tatsuya Sugisawa
  • MD, GM-Corporate Planning & Accounting Manager: Takeshi Hasegawa
  • Senior Managing Director & GM-Quality Assurance: Masaharu Okuno

Shareholders

  • MURAKAMI EIJI FAMILY (14.1%)
  • MURAKAMI TARO (10.8%)
  • Fidelity Management & Research Co. LLC (7.9%)
  • Murakami Corp. (5.4%)
  • Mitsubishi UFJ Financial Group, Inc. (4.7%)
  • AGC, Inc. (Japan) (3.7%)
  • Shizuoka Nakajimaya Hotel Chain KK (3.5%)
  • The Shizuoka Bank Ltd. (3.5%)
  • Tokyo Small & Medium Business Invst & Consultation Co., Ltd. (3.0%)
  • Meiji Yasuda Life Insurance Co. (2.6%)

Contact Details

Related Companies

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  • Murakami Manufacturing (Thailand) Co. Ltd.
  • Murakami Express KK
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  • Jiaxing Murakami Corporation In China
  • Murakami Manufacturing USA, Inc.
  • Murakami Screen USA, Inc.
  • Murakami Employee Stock Ownership Plan
  • PT Delloyd

Competitors

  • Gentex Corporation
  • Brave C&H Supply Co., Ltd.
Last Updated on 2 Dec, 2021

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