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Electronic Technology

Murata Manufacturing Co. Ltd.

Business Summary

Murata Manufacturing Co., Ltd. engages in research, production and sale of electronic devices made from fine ceramics. It operates through the following segments: Components, Modules, and Others. The Components division offers multilayer ceramic capacitors, SAW (Surface Acoustic Wave) filters, ceramic resonators, piezoelectric sensors, ceramic filters, piezoelectric buzzers, short-range wireless communication modules, Bluetooth modules and others. The Modules segment provides communication modules, power supplies, multilayer ceramic devices, connectors, isolators, circuit modules, EMI (Electromagnetic Interference)suppression filters, inductors, sensors and lithium ion batteries. The Others segment handles the employee welfares, staffing, education and training, and facility maintenance services, including operational software for affiliates. The company was founded by Akira Murata in October 1944 and is headquartered in Nagaokakyo, Japan.

Financial Highlights

Mar 2022 JPYUSD
Gross Profit768,229M6,836.43M
Operating income427,311M3,802.62M
Income before tax432,702M3,850.59M
Net income314,119M2,795.33M
Diluted EPS490.944.36
Dividends Per Share1301.15
Total Assets2,809.17B23,144.56M
Total liabilities545,259M4,492.35M
Total equity2,263.59B18,649.60M
Operating cash flow421,458M3,750.53M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 1,371.84B 1,575.02B 1,534.04B 1,630.19B 1,812.52B
Gross Profit 444,913M 600,218M 581,462M 622,201M 768,229M
Operating income 171,525M 292,318M 270,668M 317,312M 427,311M
Income before tax 167,801M 267,316M 254,032M 316,417M 432,702M
Net income 146,083M 206,926M 183,008M 237,053M 314,119M
EBITDA 313,150M 416,737M 410,935M 460,386M 582,894M
Diluted EPS 228.61 323.44 286.05 370.51 490.94
Dividends Per Share 86.66 93.33 97 115 130
Total Assets 1,797.01B 2,048.89B 2,250.23B 2,462.26B 2,809.17B
Total liabilities 339,797M 444,353M 555,423M 540,616M 545,259M
Total equity 1,456.60B 1,603.97B 1,694.10B 1,920.80B 2,263.59B
Operating cash flow 225,249M 279,842M 350,334M 373,571M 421,458M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 12,377.62M 14,202.90M 14,109.30M 15,370.85M 16,129.55M
Gross Profit 4,014.28M 5,412.50M 5,347.96M 5,866.64M 6,836.43M
Operating income 1,547.60M 2,635.99M 2,489.45M 2,991.88M 3,802.62M
Income before tax 1,514.00M 2,410.53M 2,336.44M 2,983.45M 3,850.59M
Net income 1,318.05M 1,865.96M 1,683.20M 2,235.13M 2,795.33M
EBITDA 2,825.43M 3,757.95M 3,779.55M 4,340.91M 5,187.15M
Diluted EPS 2.06 2.91 2.63 3.49 4.36
Dividends Per Share 0.78 0.84 0.89 1.08 1.15
Total Assets 16,897.15M 18,511.02M 20,844.14M 22,282.90M 23,144.56M
Total liabilities 3,195.08M 4,014.57M 5,144.94M 4,892.45M 4,492.35M
Total equity 13,696.28M 14,491.35M 15,692.68M 17,382.85M 18,649.60M
Operating cash flow 2,032.33M 2,523.49M 3,222.17M 3,522.34M 3,750.53M

Valuation Measures

Mar 2022
Operating margin23.57%
Profit margin17.33%

Key executives

  • President & Representative Director: Norio Nakajima
  • Director, Senior Manager-Finance & Accounting: Masanori Minamide
  • Director, GM-Technology & Business Development: Hiroshi Iwatsubo
  • Head-Technology Development & Business Planning: Nagato Omori
  • Senior Manager-Information Systems: Toshihiko Okamoto


  • Murata Manufacturing Co. Ltd. (6.8%)
  • Nomura Asset Management Co., Ltd. (4.2%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (4.1%)
  • Asset Management One Co., Ltd. (3.2%)
  • Nippon Life Insurance Co. (2.4%)
  • The Bank of Kyoto, Ltd. (2.3%)
  • Meiji Yasuda Life Insurance Co. (2.3%)
  • The Vanguard Group, Inc. (2.3%)
  • Nikko Asset Management Co., Ltd. (2.1%)
  • Daiwa Asset Management Co. Ltd. (1.9%)

Contact Details

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Last Updated on 20 Mar, 2023

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