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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 2021 JPYUSD
Revenue1,630.19B15,370.85M
Gross Profit622,201M5,866.64M
Operating income317,312M2,991.88M
Income before tax316,417M2,983.45M
Net income237,053M2,235.13M
EBITDA460,386M4,340.91M
Diluted EPS370.513.49
Dividends Per Share1151.08
Total Assets2,462.26B22,282.90M
Total liabilities540,616M4,892.45M
Total equity1,920.80B17,382.85M
Operating cash flow373,571M3,522.34M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 1,135.52B 1,371.84B 1,575.02B 1,534.04B 1,630.19B
Gross Profit 432,395M 444,913M 600,218M 581,462M 622,201M
Operating income 201,437M 171,525M 292,318M 270,668M 317,312M
Income before tax 200,418M 167,801M 267,316M 254,032M 316,417M
Net income 156,060M 146,083M 206,926M 183,008M 237,053M
EBITDA 314,960M 313,150M 416,737M 410,935M 460,386M
Diluted EPS 244.62 228.61 323.44 286.05 370.51
Dividends Per Share 73.33 86.66 93.33 97 115
Total Assets 1,634.99B 1,797.01B 2,048.89B 2,250.23B 2,462.26B
Total liabilities 279,665M 339,797M 444,353M 555,423M 540,616M
Total equity 1,354.81B 1,456.60B 1,603.97B 1,694.10B 1,920.80B
Operating cash flow 243,920M 225,249M 279,842M 350,334M 373,571M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 10,486.19M 12,377.62M 14,202.90M 14,109.30M 15,370.85M
Gross Profit 3,993.02M 4,014.28M 5,412.50M 5,347.96M 5,866.64M
Operating income 1,860.20M 1,547.60M 2,635.99M 2,489.45M 2,991.88M
Income before tax 1,850.79M 1,514.00M 2,410.53M 2,336.44M 2,983.45M
Net income 1,441.16M 1,318.05M 1,865.96M 1,683.20M 2,235.13M
EBITDA 2,908.55M 2,825.43M 3,757.95M 3,779.55M 4,340.91M
Diluted EPS 2.25 2.06 2.91 2.63 3.49
Dividends Per Share 0.67 0.78 0.84 0.89 1.08
Total Assets 14,672.87M 16,897.15M 18,511.02M 20,844.14M 22,282.90M
Total liabilities 2,509.78M 3,195.08M 4,014.57M 5,144.94M 4,892.45M
Total equity 12,158.47M 13,696.28M 14,491.35M 15,692.68M 17,382.85M
Operating cash flow 2,252.52M 2,032.33M 2,523.49M 3,222.17M 3,522.34M

Valuation Measures

Mar 2021
PER23.86
ROA10.06%
ROE13.11%
Operating margin19.46%
Profit margin14.54%

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

Shareholders

  • Murata Manufacturing Co. Ltd. (5.3%)
  • Nomura Asset Management Co., Ltd. (4.3%)
  • Asset Management One Co., Ltd. (3.2%)
  • Nippon Life Insurance Co. (3.2%)
  • BlackRock Fund Advisors (2.5%)
  • The Bank of Kyoto, Ltd. (2.3%)
  • Meiji Yasuda Life Insurance Co. (2.3%)
  • The Vanguard Group, Inc. (2.1%)
  • Daiwa Asset Management Co. Ltd. (2.0%)
  • Nikko Asset Management Co., Ltd. (1.9%)

Contact Details

Related Companies

  • Murata Business Engineering (India) Pvt Ltd.
  • Murata Energy Device Singapore Pte Ltd.
  • Hong Kong Murata Electronics Co. Ltd.
  • Toyama Murata Manufacturing Co. Ltd.
  • Murata Shizuki FC Solutions Co., Ltd.
  • Murata Manufacturing Restricted Stock Compensation Plan
  • ID-Solutions S.R.L.
  • Primatec, Inc.
  • ETA Wireless, Inc.
  • Tohoku Murata Manufacturing Co., Ltd.
  • Dongguan Murata Electronics Co. Ltd.
  • Murata Manufacturing Co. Ltd. /Trimming Potentiometer Bus/
  • Izumo Murata Manufacturing Co. Ltd.
  • Miraisens, Inc.
  • Murata Amazonia Industria e Comercio Ltda.
  • Murata Power Solutions (Canada) ULC
  • Murata World Comercial Ltda.
  • Murata Co. Ltd. (Hong Kong)
  • Murata Power Solutions (Toronto) ULC
  • Philippines Murata Land & Building, Inc.
  • Foshan Murata Minmetals Materials Co. Ltd.
  • Murata Power Solutions (Shanghai) Co. Ltd.
  • Guangzhou Murata Power Solutions Ltd.
  • Thai Murata Electronics Trading Ltd.
  • Philippine Manufacturing Co. of Murata, Inc.
  • Murata Electronics (Vietnam) Co. Ltd.
  • Murata Electronics (India) Pvt Ltd.
  • Murata Electronics Trading (Tianjin) Co. Ltd.
  • Murata Electronics Trading (Shanghai) Co. Ltd.
  • Wuxi Murata Electronics Co. Ltd.

Competitors

  • Qorvo, Inc.
  • Vishay Intertechnology, Inc.
  • Ault Global Holdings, Inc.
  • INPAQ Technology Co., Ltd
  • Skyworks Solutions, Inc.
  • Advanced Ceramic X Corporation
  • Broadcom Inc.
  • WiSoL Co., Ltd.
  • Advanced Energy Industries, Inc.
  • Knowles Corp.
  • Thinking Electronic Industrial Co., Ltd.
  • TAI-TECH Advanced Electronics Co., Ltd.
  • Chilisin Electronics Corp
  • ABCO Electronics Co., Ltd.
  • Akoustis Technologies, Inc.
  • Maxscend Microelectronics Company Limited Class A
  • SiTime Corporation
  • Richwave Technology Corporation
  • Zippy Technology Corp
  • Win Semiconductors Corp.
  • Vuzix Corporation
  • Phihong Technology Co., Ltd.
  • Sanan Optoelectronics Co., Ltd. Class A
  • Shanghai PRET Composites Co. Ltd. Class A
  • Wireless Power Amplifier Module, Inc.
Last Updated on 15 Oct, 2021

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